Advent sees 6x returns from local exit
Advent Private Capital, a Melbourne-based mid-market private equity group, has sold investee, electric payment service provider Securepay Holdings, to the Australia Post, confirming more than 6x return on its original investment.
Although the firm did not disclose the amount of the exit, it said in a statement that it saw 6.2x return on its original, A$4,25 million ($4.3 million) investment. That initial transaction bought the...
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