Palamon, Morgan Stanley, AlpInvest get Oz cards spinout exit
Palamon Capital Partners, Morgan Stanley Alternative Investment Partners and AlpInvest Partners have picked up A$353 million ($319 million) from the sale of the Australian operations of their joint investee Retail Decisions, a card payment-processing and fraud-prevention business, to US strategic Wright Express.
The Retail Decisions card business focuses particularly on fuel and pre-paid cards in Australia, with Retail Decisions buying an existing fuel card operator 10 years ago and adding on a pre-paid card business...
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