Private equity firm
Sydney-based mid-market private equity firm established in 1996 and investing in companies in Australia and New Zealand. Former investments include VIP Pet Foods, Burson Auto Parts and Red Rooster. Formed the RiteBite Group in 2019 after acquiring Darrell Lea and another 8 snack brands.
Company Assessment
(Last updated Jan 2019)
Praise
Criticism
Information
Quadrant Private Equity Pty Ltd
Praise
Criticism
Information
Underpaying workers
Quadrant owned Rockpool Dining Group, a giant in the hospitality and dining scene, has been accused of "one of the most egregious cases of wage theft Australia has seen yet" by a law firm alleging the company has underpaid its workers at least $10 million.
Source: news article
(2019)
Previous investment in gambling
Quadrant bought a large stake in Independent Pub Group in 2007, which owned several hotels, including gaming venues. Quadrant has since sold its stake in the hotel group.
Source: company website
(2019)
Company Details
Type:
Private company
Subsidiaries:
Rite Bite Group Pty Ltd
Snack foods
Established in 2019 when Australian private equity firm Quadrant, who bought Darrell Lea Chocolates in 2018, acquired another eight snack brands.
Bailey Boys Pty Ltd
Food & beverages
Offices in Melbourne, Sydney and Hong Kong. Became part of newly formed RiteBite Group in 2019.
Darrell Lea Confectionery Co Pty Ltd
(85% owned)
Confectionery manufacturer
Established in 1927 and privately owned by the Lea family until getting into financial trouble in 2012 and being acquired by the Quinn family. In 2018 Quadrant Private Equity bought a majority stake for $200m. The Quinn family also sold a majority stake in its VIP Petfoods business in 2015 to Quadrant. Darrell Lea acquired the Life Savers brand from Nestle in 2018, acquiring the rights to the lolly in Australia and New Zealand.
Prime100 Pty Ltd
(55% owned)
Pet food manufacturer
Founded in 2014, and opened a new pet food manufacturing plant in Melbourne in 2019. In 2021 a majority stake was acquired by Quandrant Private Equity, who previously owned VIP Petfoods.
Contact Details
Address:
Level 30, 126 Phillip St, Sydney, NSW, 2000, Australia
Phone:
02 9221 3044
Website:
Products / Brands
RiteBite Group
BC
Health Bars
CrispyFruits
Canned Fruit
Munchme
Health Foods
Smooze
Ice Blocks
Well Naturally
Health Bars
Well Naturally
Chocolate
Darrell Lea
Chocolate
Darrell Lea
Sweets & Lollies
Heritage Fine Chocolates
Chocolate
Life Savers
Sweets & Lollies
Ricci
Sweets & Lollies
Prime Pantry
Dog Treats
Prime Pantry
Pet Food (chilled)