King & Wood Mallesons (KWM) has advised Quadrant Private Equity on its acquisition of GSR which owns and operates The Ghan, Indian Pacific and The Overland passenger rail services.

Quadrant acquired the operator from Allegro and existing senior management.

The KWM team was led by partner Mark McNamara, with special counsel Alex Elser and solicitor Anthoney Duong. Partner Tim Sherman advised on tax with senior associate Joseph Power. Partner Elizabeth Hundt-Russell advised on financing, with solicitor Kristin Romano.

Commenting on the deal, partner Mark McNamara said, “We are pleased to be able to support our long-standing client, Quadrant, on another important acquisition in Australia. GSR positions Quadrant to benefit from the growth trends that exist for leisure travellers wishing to enjoy luxury experiential tourism in Australia.”

KWM also advised Quadrant on its acquisition of Ardent Leisure’s gym business last month.