Navis exits Australia's Worldmark to Quadrant
Navis Capital Partners will complete its exit from WorldMark Group after agreeing to sell the Australia-based after-market car services provider to Quadrant Private Equity. Following the earlier sale of WorldMark’s consulting business, total proceeds from the investment will exceed $300 million.
It brings to an end Philip Latham's 18-year association with the company, which he acquired for $19.9 million in 1999 while at RMB Capital Partners (then known as RMB Ventures). WorldMark was sold five...
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