CHAMP exits Australian mining, infrastructure services business
CHAMP Private Equity has sold Golding Group, an Australia-based provider of mining and civil infrastructure services that it has owned since 2008, to rival contractor NRW Holdings at an enterprise valuation of A$85 million ($66.9 million).
CHAMP bought the business in conjunction with management for an undisclosed sum, supporting a succession planning solution that saw founder Cyril Golding step back. According to AVCJ Research, the private...
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