In May 2008 the TOWER Software business was sold to Hewlett Packard (HP) for $113m. TOWER is a leading enterprise content management software business with operations in Australia, the US, UK and Canada. Quadrant invested in TOWER in October 2006 and generated an IRR of 56%, returning 2.0x its investment for investors in Quadrant Private Equity No. 1.
This was the first divestment for Quadrant Private Equity No. 1 and builds on the successful track record of strong returns generated by prior Quadrant funds.
Quadrant is a mid market Private Equity investor that has completed 45 investment transactions to date. For further information on Quadrant please refer to www.quadrantpe.com.au
Writen by Global Administrator, 14/03/2016 News