Processing timeline
21
days
Acquirer(s)
STATE SWIM FINDON PTY LTD ABN - 73 698 337 209, STATE SWIM MOUNT BARKER PTY LTD ABN - 64 698 337 174, STATE SWIM NORWOOD PTY LTD ABN - 89 698 337 281
Target(s) or Vendor(s)
Findon Swim School Pty Ltd as trustee for the Findon Swim School Trust ACN - 608 401 716, SWIM PLUS PTY LTD ABN - 26 073 687 224, Mt Barker Swimming School Pty Ltd as trustee for the Mt Barker Swim School Trust ACN - 103 334 194, NORWOOD SWIM SCHOOL PTY LTD ABN - 29 104 947 551
Other parties
Dolphin BidCo Pty Ltd
Dolphin BidCo Pty Ltd, operator of State Swim branded schools, is acquiring the Swim Plus branded swim school businesses of Mt Barker Swimming School, Norwood Swim School, and Findon Swim School, plus Swim Plus Pty Ltd's intellectual property. This asset acquisition expands Dolphin's presence in the Greater Adelaide children's swimming lesson market.
Dolphin BidCo Pty Ltd (together with its connected entities, Dolphin ), via the newly created entities of State Swim Mount Barker Pty Ltd, State Swim Norwood Pty Ltd, and State Swim Findon Pty Ltd, proposes to acquire the swim school businesses of Mt Barker Swimming School Pty Ltd, Norwood Swim School Pty Ltd, and Findon Swim School Pty Ltd, together with the associated intellectual property of Swim Plus Pty Ltd (collectively, the Targets ). Dolphin operates a number of swim schools in Western Australia, Victoria, South Australia (including six swimming schools across Greater Adelaide) and Singapore under the ‘State Swim’ brand. The Targets operate 'Swim Plus' branded swimming schools in Mount Barker, Norwood, and Findon, in Greater Adelaide. Both State Swim and Swim Plus branded swimming schools primarily offer swimming lessons to children between the ages of 6 months to 10 years.