Australia’s RMB invests in card producer Placard
RMB Capital Partners, an Australian mid-market private equity firm backed by South Africa's FirstRand, has led an investment in Placard, a Melbourne-based producer of secure transaction cards. It is partnering with the existing owner and management team, both of whom acquired minority stakes in the business.
Details of the transaction were not disclosed. Founded in 1987, Placard produces over 90 million cards annually associated with transactions across financial services, identification and licenses, healthcare...
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