Crescent sells stake in Australia's ClearView Wealth for $111m
Crescent Capital Partners has agreed to sell a 14.9% stake in Australian financial services provider ClearView Wealth to Sony Life Insurance for approximately A$145 million ($111 million).
The company said in a filing that the shares - 98 million of them, based on the size of Crescent's current holding - would be priced at A$1.48 apiece. This represents a 21% premium to ClearView's October...
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