Business
Investec, Goldman Sachs tow PEP into Citadel – The Australian Financial Review
Pacific Equity Partners has secured a $500 million deal to buy ASX-listed software company The Citadel Group.
Buyout firm Pacific Equity Partners has secured a $500 million deal to buy ASX-listed software company The Citadel Group.
Citadel Group, run by Mark McConnell, has a $500 million bid from private equity. Jeffrey Chan
PEP, advised by Investec, will pay $5.70 a share via a scheme of arrangement.
It is understood Goldman Sachs is helping PEP fund the offer, while Clayton Utz and EY were also involved.
Citadel was advised by Macquarie Capital and Gadens.
The bid was at $5.70 a share and made v…
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