State Swim – In2Swim

Dolphin BidCo Pty Ltd (**Dolphin**, together with its connected entities), proposes to acquire 100% of the shares in In2Swim Pty Limited (**In2Swim**) from NRG Nominees 563 Pty Limited as trustee for Morton Matthews Holdings Pty Ltd, which is itself trustee for the Matthews Family Trust. Dolphin operates a number of swim schools in Western Australia, Victoria, South Australia and Singapore under the ‘State Swim’ brand. 'In2Swim' operates a swim school in Brookvale, in New South Wales.

Status
Assessment completed
ACCC determination
Approved
Stage
Waiver application
Notified
2 July 2026
Determination published
27 July 2026

Acquirers

  • DOLPHIN BIDCO PTY LTD

Targets

  • IN2SWIM PTY LIMITED

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