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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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Allegro is pleased to announce that Allegro Fund III has completed the sale of its investment in Ngahuia Group Ltd (“Ngahuia”) to Tahua Partners (“Tahua”). Tahua is part owned by Ngahuia’s minority shareholders and CEO, Roger Harper and former co-CEO, John Elliott.

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Last month, one of our key portfolio companies, Pizza Hut Australia was widely featured across The Sydney Morning Herald and The Age celebrating its latest move into service stations.

Allegro and Pizza Hut Australia announced that it had partnered with Euro Garages Australia and opened its second Pizza Hut kiosk in a Liverpool based service station in New South Wales, with a third planned to open in early 2021. The move was part of the initial transformation strategy to return Pizza Hut Australia back to the number one position. To read more about the story visit the article on The Age here.

Pizza Hut and Allegro also featured in Switzer Daily, QSR Media and Executive Franchise Business publications too.