Pacific Capital Partners makes first exit first from Pacific Island-focused fund
Pacific Capital Partners has sold its 49% stake in Heli Niugini Ltd, a Papua New Guinean helicopter operating service - the first exit from its Kula Fund private equity vehicle, exclusively allocated to investments in the Pacific Islands.
According to local reports, Pacific Capital Partners, a subsidiary of emerging-markets focused firm Aureos Capital, invested $1.8 million into Heli Niugini in 2001, and exits at an IRR of more than 17%....
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