Brief: Pacific Current Acquires Minority Investment In Cordillera Investment Partners
11/04/2023 02:04
April 11 (Reuters) - Pacific Current Group Ltd PAC.AX :
* ACQUIRED A MINORITY INVESTMENT IN CORDILLERA INVESTMENT
PARTNERS, LP
* PAC INVESTED US$30M IN BUSINESS IN EXCHANGE FOR 16.4% OF
FIRM'S
REVENUES
* PACIFIC CURRENT ESTIMATES THAT ITS INVESTMENT WILL PROVIDE
BETWEEN US$2.0M AND US$2.5M IN MANAGEMENT FEES FOR FY24
Source text for Eikon: ID:nASX7Gy47d
Further company coverage: PAC.AX
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