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…
-
Noosa News19 hours agoFlatmates of missing teen Pheobe Bishop, 17, identified
-
Noosa News21 hours agoTully Sugar Mill celebrates 100 years of cane harvesting amid floods and cyclones
-
Noosa News17 hours agoFranz Ferdinand: Australian Tour 2025
-
Business17 hours agoHow these 5 ASX 200 stocks are smashing the benchmark this week