Clifford Chance

Clifford Chance advises agricultural equipment and robotics company Boss Engineering on its sale of interests to Alceon Private Equity

Global law firm Clifford Chance has advised the founders of Boss Engineering Holdings Pty Ltd (Boss Engineering), a leading manufacturer of robotics-focussed planting and agricultural equipment in Australia, on the sale of all of their interests in Boss Engineering to Alceon Private Equity.

The transaction, Boss Engineering's first investment of institutional capital and Alceon Private Equity's largest acquisition to date, involves rolling up 50% of Boss Engineering's interest into a new holding company.

The acquisition is expected to bolster Boss Engineering's ability to expand its business, invest in new machinery, robots, infrastructure and people, and accelerate its capacity to innovate and introduce new products.

Partner Mark Currell and associate Henry Baek advised on the transaction.

Mark said, "The strategic investment by Alceon Private Equity into BOSS Engineering represents a transformative step for an already outstanding leader in the agricultural equipment manufacturing sector. We are privileged to have advised the founders of Boss Engineering on this transaction, which will set the stage for the company's accelerated growth and expansion."

Clifford Chance has advised on several strategic transactions involving founder-led businesses, including fitness platform Sweat on its sale to iFIT, Five V Capital on its investment in BioPak, Iris Energy on its US$1.5 billion Nasdaq IPO and subsequent US$300 million at-the-market offering, and ProTen on its 100% acquisition by First State Super.