ABGF is Australia’s only purpose-built growth capital fund with a profit-for-purpose investment model dedicated to the SME sector. It was founded with initial capital of $540 million as a public-private partnership between the Federal Government and six leading banks in Australia. ABGF provides growth capital and follow-on funding to established Australian businesses in a manner that bridges the gap between venture capital and traditional private equity.
Consolidated Linen Service (CLS) is a multi-generational, family-run business providing high-quality laundry, linen, and textile rental services in regional Queensland across critical sectors including hospitality, mining and healthcare. The investment from ABGF will support CLS to expand its production capacity and improve operational efficiency across its linen-servicing facilities.
The Becketts team who advised ABGF on the transaction included Robert Feiner and Quentin Reidy, Partners, supported by Ingrid Mohr, Senior Associate.