CHAMP Ventures exits Australian Portable Buildings
CHAMP Ventures has agreed to sell Australian Portable Buildings (APB) to two Canadian companies, Black Diamond Group and Britco, for A$72.5 million ($75.2 million). The Australian private equity firm acquired a near 80% stake in the company in February 2007 for a reported A$12 million.
The transaction is expected to close in mid-January. Black Diamond, a North America-focused remote lodging, modular building and energy services company, will pay A$41.1 million for a 90% stake in APB's...
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