Navis sells Australia education business to PEP
Navis Capital Partners has sold Australian educational resources provider Modern Star to local private equity firm Pacific Equity Partners (PEP) at an enterprise valuation of about A$600 million ($433 million).
Navis acquired Modern Star in 2014 in a transaction that valued the company at about A$215 million (then $190 million). The plan was to leverage growing demand for childcare services created by government...
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