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11 October 20222 minute read

DLA Piper advises DIY Blinds on investment from Australian Business Growth Fund

Global law firm DLA Piper was delighted to have advised Melbourne-based manufacturer and online retailer, DIY Blinds, on a $15 million investment from the Australian Business Growth Fund.

“We are grateful to have advised the impressive DIY Blinds team, led by Evan Montero and Liam Dobson, on securing an exciting and strategic investment by ABGF which will assist DIY Blinds continue to accelerate on their existing growth trajectory and realise its future growth objectives”, said Chris Mitchell, Corporate Partner, DLA Piper.

The Australian Business Growth Fund was established as a public-private partnership between the Federal Government and six leading banks, purpose-built to back Australian SME businesses to pursue growth activities.

“ABGF’s investment demonstrates the strength in DIY Blinds’ strategy, efficiency and overall business model as an Australian based SME, and is a testament to the strong vision and leadership of its management team” Chris added.

Evan Montero, Co-Founder and CEO of DIY Blinds commented “Chris and the team at DLA Piper have a wealth of experience and deep knowledge of the M&A and investment market, which played a critical role in successfully negotiating our deal. We are grateful of the extra value that they have extracted throughout the negotiations, and we look forward to working with them again in the very near future”.

The DLA Piper deal team comprised Chris Mitchell (Partner), Simone Bajraszewski (Senior Associate) and Davina Khoo (Solicitor).

DLA worked closely with DIY Blinds’ financial advisers, Vesparum Capital led by Timothy Toner (Founder and CEO), Tom Edwards (Executive Director), Jane Zhou (Director) and Wai Wai Tam (Analyst).

For the 12th consecutive year, DLA Piper was the highest-ranked legal advisor in the world for M&A deal volume, according to Mergermarket's league tables. The firm was involved in 1,104 transactions worldwide in 2021, valued at approximately US$242 billion.