Ares Management has acquired a majority stake in Redback Boots, marking its first private equity deal in Australia, valuing the company at over A$100 million.
Target Information
Ares Management has made its foray into the Australian private equity market by acquiring a majority stake in Redback Boots, a company recognized for its production of specialized work footwear. This acquisition values Redback Boots at over A$100 million (approximately $66.4 million). Established in Sydney, Redback Boots manufactures durable work footwear tailored for defense personnel and international distributors, providing a critical product category within the safety and defense sectors.
The investment by Ares will bolster Redback’s production capabilities, allowing the company to expand its current output of 650,000 pairs per year. This strategic move underscores Ares' commitment to enhancing operational capacity and meeting growing demand in the work footwear market.
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Industry Overview in Australia
The Australian workwear industry has witnessed significant growth in recent years, driven by the expanding demand across various sectors such as construction, mining, and defense. These sectors contribute to a robust
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Ares Management
invested in
Redback Boots
in 2026
in a Other Private Equity deal
Disclosed details
Transaction Size: $66M
Enterprise Value: $66M
Equity Value: $66M