PEP separates Braiform from portfolio company Spotless
Australia’s Pacific Equity Partners (PEP) has carved out coat hanger manufacturer Braiform from Spotless Group, the cleaning and catering contractor it acquired earlier this year. The company now reports directly to PEP.
As a manufacturing operation, Braiform has a very different business focus to Spotless, which is essentially a service provider. During the buyout negotiations, it was suggested that PEP might seek to...
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