Allegro II Sells Great Southern Rail to Quadrant Private Equity

Vantage Private Equity Growth 2 (VPEG2) investee, Allegro Fund II, today announced that Quadrant Private Equity has entered into an agreement to acquire a majority stake in Allegro II portfolio company, Great Southern Rail (GSR).

GSR is the operator of luxury Australian transcontinental passenger rail services, The Ghan, The Indian Pacific and The Overland.

Allegro initially acquired GSR in May 2015, with a 16-month ownership period that saw it stabilise the business and more than double its earnings.

Read more about Allegro’s Sale of GSR to Quadrant