04
BDO M&A
AUSTRALIA
Sale of Seachange Lifestyles ResortsGroup to Ingenia CommunitiesGroup
The BDO M&A team in Brisbane, Australia advised the Seachange Group, a leading active lifestyle resorts business, on its sale to Ingenia Communities Group (ASX:INA). The Seachange Group consists of six premium residential land lease communities (also referred to as Manufactured Home Estates) with extensive high-quality shared facilities strategically located throughout Southeast Queensland’s, a high growth corridor in Australia. These master-planned gated lifestyle resorts are designed and marketed for over 50’s active living. The Seachange Group portfolio is comprised of almost 700 occupied homes and a further 548 potential development sites across six lifestyle communities in South East Queensland. Ingenia is an S&P/ASX 200 listed entity with a market capitalisation of over AUD1.3 billion. BDO’s M&A team, led by David Ward, ran a tightly controlled and highly competitive process to fully explore the expansion and capital options available to enable the future growth of the Seachange Group. These expansion opportunities allowed the Seachange Group to capitalise on its leading presence in the lifestyle sector market that is experiencing strong competitor interest and growing investor and consumer focus.
BDO contact for this transaction
DAVIDWARD Partner, Corporate Finance david.ward@bdo.com.au
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