Business
PEP sells AST to US private equity firm Siris Capital – The Australian Financial Review
Australian buyout firm Pacific Equity Partners has finally found a buyer for its oldest investment, North American professional…
Unusually, PEP is not expected to receive cash for its stake.
Instead, the firm would get shares in the combined AST/Equiniti business, and hope to ride an increased valuation of that business under Siris Capitals ownership. Its expected to be a small minority…
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