Kennet Partners sees 4.4x return selling stake in Dext

Kennet Partners sees 4.4x return selling stake in Dext

Kennet Partners, a European technology growth equity investor, has agreed to sell its stake in Dext (formerly ReceiptBank), a digital, multi-product platform for accountants and bookkeepers, to Hg, a leading global software and services investor. The sale will provide...
Blackstone-backed LaTrobe Financial eyes $2 bln IPO

Blackstone-backed LaTrobe Financial eyes $2 bln IPO

Booming non-bank lender and credit manager LaTrobe Financial will consider a trade sale or IPO that could value that business at more than $2 billion, as investor interest in the non-bank sector surges. US investment giant Blackstone owns 80 per cent of LaTrobe, with...