ING fund of funds profits from Quadrant’s Australia fast-food sale
Australian fund of funds ING Private Equity Access announced that another of its private equity investments will be returning cash to the company. Quadrant Private Equity has sold Quick Service Restaurant Holdings (QSRH) to Archer Capital for approximately 3x cost.
The transaction was priced 65% above its recent carrying value and will return approximately $3.8 million to ING, following the drawdown required by Archer to finance its purchase. It was reported last...
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