Hao Capital makes $80m partial exit from Pax Technology
Hao Capital has made another partial exit from electronic payment systems provider Pax Technology, selling a 15.1% equity stake for around $80 million through a block trade. The private equity firm has now realized $100 million on an original investment of $30 million.
Hao retains a 7.5% interest in the business worth approximately HK$312 million ($40.2 million) at current market prices. Based on the combined value of the realized and retained stakes, the private equity...
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