AVCJ Awards 2015: Exit of the Year - Large Cap: Spotless Group
Pacific Equity Partners took about 12 months to reel in cleaning and catering contractor Spotless, but swift improvements resulted in a 2.4x return within the two years
Spotless was a classic underperforming market leader. Founded by Ian McMullin in 1946 as a single dry cleaning shop in Melbourne, the company became Australia's largest cleaning and catering contractor....
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