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Allegro is pleased to announce the sale of its investment in The Interiors Group (“TIG”) to Pencarrow Private Equity, one of New Zealand’s leading growth private equity firms.

Allegro’s interest in the business began in 2015 with the acquisition of Carpet Court, New Zealand’s largest national flooring brand. In 2018, Allegro bolted on CurtainStudio, a leading national window furnishings retailer, at which time the business was renamed The Interiors Group, reflecting the successful platform business it had become.

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Today marks the successful completion of Allegro’s acquisition of Toll Global Express, first announced in April this year.

It’s a landmark deal for Allegro and the culmination of month’s of work. A key component of the transaction was the $500 million funding package Allegro secured to transform the business and separate it from Toll Holdings.

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Leading value apparel specialty retailer Best & Less Group Holdings Limited (BLG or the Company) lists on the ASX today, following a successful initial public offering (IPO) of its shares which raised $60 million at $2.16 per share.

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Allegro Funds is pleased to announce the appointment of Christine Holgate as future Group Chief Executive Officer of Global Express. Ms Holgate will lead the transformation strategy for the growing parcels and logistics organisation upon Allegro completing its acquisition from the owner, Japan Post.

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Allegro Funds has reached an agreement to acquire Toll Global Express business.

Allegro has obtained $500 million in funding to complete the separation and transformation of the business. Allegro believes that Toll Global Express’ people and its assets can deliver strong growth in the future. This business has a crucial role to play as an enabler for e-commerce which will underpin the economic recovery of Australia and New Zealand post COVID-19.

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