LK Group

What LK Group does

LK Group is a Melbourne-based private family office founded in 2009 by serial entrepreneur Larry Kestelman (founder of Dodo, sold for $204M in 2013). Operating as a diversified conglomerate, the group spans six primary verticals: (i) property development through LK Property Group and Amity Property Group, including the flagship $800M Capitol Grand mixed-use development in South Yarra and the $150M Wilkinsons Point/DEC redevelopment in Tasmania; (ii) private equity through wholly-owned QLC (Queens Lane Capital), which manages retail and consumer brand portfolio companies; (iii) retail through Brand Collective (350+ stores licensing Canada Goose, Reebok, Everlast and other global brands), Daniel's Donuts (50+ locations across Victoria and NSW with wholesale distribution through Woolworths Metro and 7-Eleven), and Snooze/Hypnos Group (80+ bedding retail stores); (iv) hospitality through LK Hospitality, operating two-hatted venues Yugen Dining and Omnia Bistro & Bar at Capitol Grand; (v) sports entertainment through ownership of the National Basketball League (10 teams across Australia and New Zealand, including JackJumpers) and a 2024-acquired majority stake in the WNBL; and (vi) business process outsourcing through Acquire Intelligence (formerly Acquire BPO), an enterprise/government-facing contact center and back-office operator with 8,500+ employees across 15 locations in Australia, the Philippines, the US, and the Dominican Republic.\n\nThe group's business model combines brand ownership and licensing economics (Brand Collective, Daniel's Donuts, Snooze, Petra Industries), professional services economics (Acquire BPO enterprise/government contracts with PCI, SOC, and HIPAA compliance), real estate development margin (Capitol Grand and Wilkinsons Point), sports franchise economics (NBL ticket, membership, broadcast, sponsorship), and capital appreciation through QLC's portfolio company investments. Customer segments span property buyers and investors, enterprise and government organizations, retail consumers, sports fans, and dining/hospitality patrons — a deliberate horizontal diversification strategy. Operations extend across Australia, the US, India, the Philippines, and the Dominican Republic, with approximately 19 subsidiary companies and brands organized under the holding company.\n\nGo-to-market operates at the subsidiary level: enterprise field sales for Acquire BPO and Amity Property Group; direct-to-consumer through 430+ physical storefronts; channel/wholesale via Woolworths/Coles/7-Eleven for Daniel's Donuts; and sponsorship/event-driven brand activation through NBL ownership. Pricing is not publicly disclosed at any level. Notable integrations across the portfolio include First Ever as the official NBL outfitter, Daniel's Donuts at Melbourne Airport T1/T4 and MyState Bank Arena, and Larita Academy (a CSR-driven training program for at-risk Victorian youth) tied to Lighthouse Foundation.

Name

LK Group

Legal name

LK Group

Website

https://lkg.com.au

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

LK Group is a Melbourne-based private family office founded by Larry Kestelman in 2009, operating a diversified conglomerate across property development (including the $800M Capitol Grand), retail (350+ Brand Collective stores, Daniel's Donuts, Snooze), BPO/outsourcing (Acquire Intelligence, 8,500+ employees), hospitality, and the National Basketball League.

Ownership category

akta.pro rank

Product category

Diversified Conglomerate / Holding Company

NAICS

Management of Companies and Enterprises (551), Grocery and Convenience Retailers (4451)

SIC

Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)

Keywords

• Property development
• Private equity investment
• Business process outsourcing
• Sports entertainment
• Retail operations

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Property Development and Sales: LK Property Group and Amity Property Group generate revenue through property development sales, with flagship project Capitol Grand ($800M) in Melbourne and development projects in Tasmania (Wilkinsons Point/DEC).
2. Business Process Outsourcing: Acquire BPO/AI generates revenue from outsourced contact centre, back-office, automation and intelligence services to enterprise, government and blue-chip clients across Australia, Philippines, and Dominican Republic.
3. Retail Operations: Revenue from retail store operations across Brand Collective (350 stores with brands including Canada Goose, Reebok, Everlast), Daniel's Donuts (50+ locations), Snooze (80+ stores), and other retail brands.
4. Sports Entertainment: NBL generates revenue through attendance, membership, viewership and fan growth across 10 teams in Australia and New Zealand, including new Tasmanian team JackJumpers.
5. Hospitality: LK Hospitality operates restaurants and bars including Yugen Dining and Omnia Bistro & Bar (both award-winning with two hats in 2023) at Capitol Grand, generating revenue from food and beverage service.
6. Private Equity Returns: Queens Lane Capital (QLC) invests in established businesses with growth potential and generates returns through portfolio company performance and exits.
7. Wholesale Distribution: Daniel's Donuts wholesale arm (GD Donuts) distributes Anytime Donuts in Woolworths Metro stores and through 7-Eleven partnership.

Go-to-market motion4 records

Distribution channels8 records

Marketing channels4 records

Core offering

LK Group is a Melbourne-based private family office that owns and operates close to 19 businesses across property development (e.g., the $800M Capitol Grand project), private equity investments (QLC portfolio including Petra Industries, Brand Collective, Daniel's Donuts, Hypnos Group), retail (350+ Brand Collective stores, 50+ Daniel's Donuts, 80+ Snooze), hospitality (Yugen Dining, Omnia Bistro & Bar), sports entertainment (the National Basketball League with 10 teams), and outsourced business services (Acquire Intelligence contact centre, back-office and automation across Australia, Philippines, US and Dominican Republic).

Product overview

LK Group is a Melbourne-based conglomerate operating across diverse industries including property, retail, hospitality, sports, and business outsourcing. The group comprises approximately 19 subsidiary companies and brands organized under several divisions: LK Property Group and Amity Property Group handle real estate development (including the $800M Capitol Grand project); QLC (Queens Lane Capital) manages private equity investments including Petra Industries (building materials), Brand Collective (fashion retail with 350+ stores housing Canada Goose, Reebok, Everlast), Daniel's Donuts (50+ locations), and Hypnos Group (sleep/bedding including Snooze); LK Hospitality operates award-winning venues including Omnia Bistro & Bar and Yugen Dining; Acquire Intelligence provides business process outsourcing with 8,500+ employees; and NBL owns the National Basketball League with 10 teams across Australia and New Zealand. The group also operates Larita Academy, a CSR-driven training program for at-risk youth.

Differentiator

Problem solved

Functional benefit

Brands

• Queens Lane Capital: Private equity investment arm of LK Group
• Acquire AI
• Hypnos Group
• Larita Academy
• LK Hospitality

Products and services

• LK Property Group Property development subsidiary focused on residential and commercial property projects, including the flagship $800 million Capitol Grand development in South Yarra, Melbourne.
• Amity Property Group Property sales and project marketing services company, recognised as an industry leader in apartment sales with expertise in development sales for residential and commercial developments.
• QLC (Queens Lane Capital) Private equity investment arm of LK Group that invests in established businesses with strong growth potential, managing portfolio companies including Petra Industries, Brand Collective, Daniel's Donuts and Hypnos Group.
• Petra Industries Premium building materials company bringing together brands including Signorino Tiles, Multiform and Woodcut, serving as Australia's leading integrated stone and tile supplier and fabricator.
• Brand Collective Fashion retailer and wholesaler powerhouse operating 350+ stores, housing global brands such as Canada Goose, Reebok and Everlast; acquired from Anchorage Capital Partners.
• Daniel's Donuts Australian donut and bakery retail chain with over 50 locations across Victoria and NSW, also available in Woolworths Metro stores and major supermarkets.
• Snooze Sleep and bedding retail chain with 80+ stores across Australia; national partner of The Smith Family's Learning for Life program supporting education for disadvantaged children.
• MyState Bank Arena Entertainment venue and sports arena in Tasmania, part of the Wilkinsons Point and Derwent Entertainment Centre redevelopment.
• Omnia Bistro & Bar Award-winning European restaurant and bar at Capitol Grand, earning two hats in 2023, serving breakfast through dinner and catering to over 100 guests.
• Yugen Dining Asian-inspired fine dining restaurant featuring a six-person omakase experience with world-class sushi chef Alex Yu, alongside pan-Asian subterranean snack and dinner den; earned two hats in 2023.
• Acquire Intelligence Business process outsourcing provider offering contact centre, back-office, automation and intelligence solutions, employing over 8,500 people across Australia, the Philippines and the Dominican Republic.
• NBL (National Basketball League) Professional basketball league with 10 teams across Australia and New Zealand, owned by Larry Kestelman, consistently setting records in attendance, membership, viewership and fan growth.
• Capitol Grand $800 million six-star lifestyle development in South Yarra, Melbourne, the crown jewel of LK Property Group, incorporating more than 370 properties and 16 retail spaces.
• Hypnos Group Sleep and bedding business group formed by QLC through acquisitions including Snooze, Future Sleep and G&G Furniture, strengthening LK Group's presence in the home and lifestyle sector.

Quantifiable outcome

• NBL has grown to 10 teams across Australia and New Zealand with consistent records in attendance, membership, viewership and fan growth
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and major.

• Lighthouse FoundationcoreStrategic or Co-development Partner · 5 June 2025Lighthouse Foundation has been transforming lives for over 33 years supporting vulnerable children and young people. Larita Academy partners with Lighthouse Foundation's Young Women's Freedom Program, where young women from the program join Larita Academy gaining career clarity, confidence, and access to networks and opportunities.
• The Smith FamilycoreStrategic or Co-development Partner · 3 June 2025Snooze is a national partner of The Smith Family, Australia's leading children education charity. Snooze's 80+ stores sponsor students through The Smith Family's Learning for Life program supporting over 62,822 young people with school essentials, learning programs, and one-on-one mentoring. The partnership supports UN SDG 1 (No Poverty) and 4 (Quality Education).
• 7-ElevencoreChannel Partner/ Reseller/ Distributor · 1 January 2022Daniel's Donuts partnered with 7-Eleven making its most popular flavours available to consumers nationally. Daniel's Donuts operates at T1 and T4 terminals at Melbourne Airport servicing Qantas, Virgin Australia, and Jetstar customers.
• Woolworths MetromajorChannel Partner/ Reseller/ Distributor · 1 January 2022GD Donuts, the wholesale arm of Daniel's Donuts, launched Anytime Donuts in 89 Woolworths Metro stores throughout Victoria and NSW. Daniel's Donuts also launched into Coles and Woolworths Supermarkets under white label brands.
• Tasmanian GovernmentmajorStrategic or Co-development Partner · 1 January 2022Sale of Wilkinsons Point to Tasmanian State Government and LK Group. The development involves $150 million retail, restaurant and hotel development at the Derwent Entertainment Centre and surrounding Wilkinsons Point, including a new Tasmanian NBL team (JackJumpers).

Scale indicators13 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Seven Group Holdings: ASX-listed Australian conglomerate with diversified holdings across industrial services, media (Westrac, Coates, Boral), energy and investments. Closest publicly traded analogue to LK Group's diversified family-office structure with multiple operating businesses across unrelated sectors.
• Concentrix: Large global business process outsourcing and customer experience provider with significant Philippines and offshore delivery. Directly comparable to Acquire AI's contact-centre, back-office and automation services to enterprise and government clients.

Broad incumbents

• Premier Investments: Australian specialty retail group operating apparel brands (Peter Alexander, Just Jeans, Portmans, Smiggle) across hundreds of stores. Comparable to Brand Collective's licensed-brand retail model and Daniel's Donuts/Snooze physical-store footprint, though more retail-focused and public.
• A.P. Eagers Limited: Australia's largest automotive retail group, expanded into property and investment. Comparable as a diversified Australian conglomerate with retail operations and property exposure, similar in family-controlled governance style.
• JB Hi-Fi: Australia's leading consumer electronics and home appliances retailer with hundreds of large-format stores. Comparable physical-store scale and Australian consumer brand portfolio, but in a single product category rather than diversified.
• Capgemini: Global IT services and BPO provider with offshore delivery centers. Comparable to Acquire BPO/AI's enterprise and government outsourcing model across Australia, Philippines, US and Dominican Republic, though much larger and publicly listed.
• News Corp: Global media conglomerate with diversified holdings across publishing, real estate (REA Group), cable and sports. Comparable as a multi-vertical holding company with sports (NBL analog) and property/real estate media exposure alongside consumer brands.
• Wesfarmers: Australia's largest diversified conglomerate operating Bunnings, Kmart, Target, WesCEF and other divisions. Comparable as a diversified Australian retail-and-property-adjacent group, though vastly larger and publicly listed.

Emerging players

• Lovisa Holdings: ASX-listed fast-fashion jewelry retailer with rapid international store rollout and centralized brand operations. Comparable in Australian specialty-retail store-economics and licensed/accessories brand sourcing, though smaller and more focused.

Others

• Domain Holdings Australia: Australian residential property listings and services platform. Comparable as a property-focused Australian operator adjacent to LK Property Group and Amity's real estate development sales, but digital marketplace rather than developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LKGroupAU
• Facebookfacebook.com/lkgroupmelbourne

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LK Group