Advent exits SCADAgroup to Schneider
Australian mid-market private equity firm Advent Private Capital has announced the exit of its investment in waste and water systems integration business SCADAgroup to Schneider Electric, for around A$200 million ($185 million).
According to Advent, the result reflects 11x forecast EBITA for SCADAgroup. Advent invested in the business twice in 2006 and 2007, for a total commitment of around A$18.5 million ($17 million). The result...
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