Australia’s CHAMP PE secures $206m Southeast Asia deal
CHAMP Private Equity has acquired a significant minority stake in shipping services provider Miclyn Express Offshore (MEO) from Macquarie Capital Group for around A$199 million ($206 million). It represents another step in the Australian GP’s strategy to target companies that offer exposure to Southeast Asia.
CHAMP has agreed to buy 92.4 million ordinary shares - a 33.2% stake in the business - for A$2.15 per share in cash, plus a further A$0.10 per share conditional on certain earnings milestones being achieved....
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