Advent Private secures GenesisCare exit through KKR buyout
KKR’s recent buyout of Australian healthcare firm GenesisCare secured an exit for mid-market investor Advent Private Capital. The domestic GP described the exit, which comes after a holding period of just three years, as “highly successful.”
According to AVCJ Research, Advent 5 Fund, a A$300 million vehicle that closed in 2006, invested in GenesisCare in 2009, taking a 32% stake for around A$48 million. Based on reports that KKR paid 10x forward...
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