Business
PEP goes back to its ex at Link Group, this time with Carlyle – The Australian Financial Review
Pacific Equity Partners made 7.6-times its money at Link. And now it wants to do it all over again.
It was one of PEP’s biggest and most successful deals, ever.
The firm’s Pacific Equity Partners III fund – three vintages ago – made 7.6-times its equity investment, according to one of the firm’s investors, after picking up what was an ASX-owned business, ASX Perpetual Registrars, and turning it into a multi-billion dollar superannuation services bigwig.
Link has changed a lot since then – there was a big acquisition in the UK, its investment in PEXA and the like – and PEP is back for another…
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