G+T has advised the sellers (including funds managed and advised by CPE Capital) on the sale of the Dutton Group to Tokyo-based Sojitz Corporation. G+T also advised CPE Capital on its original investment in Dutton Group in 2017.
Dutton Group is the largest pure-play operator in the used car market in Australia. Dutton operates 15 retail dealerships under the “Dutton One” brand across Queensland, New South Wales, Victoria, South Australia and ACT selling a wide range of premium brand used cars.
G+T’s market-leading Corporate Advisory team advised on all aspects of the transaction.
The G+T team was led by Corporate Advisory partner Alastair Corrigall and Banking partner John Schembri , with support from Kim Nguyen, Jack Naughton, Christian Smolders and Karla Jeffrey.
Commenting on the deal, Alastair Corrigall said, “The transaction represents an excellent outcome for CPE Capital, the founders and management shareholders, and represents an opportunity for Sojitz to continue Dutton Group’s growth trajectory.”
