Quadrant Private Equity has hired Macquarie Capital to oversee the sale of its retailer, Amart Furniture, as the firm looks to capitalise on increased consumer spending and a housing super cycle.
Amart was founded in 1970 by Queensland billionaire John van Lieshout and now has 68 stores across Australia in large-format sites. It is known for its affordable furniture such as sofas, dining room sets, bedroom and outdoor furniture.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
