Brief: Pacific Current Group Invests In Avante Capital Partners
19/09/2023 24:37
Sept 19 (Reuters) - Pacific Current Group Ltd PAC.AX :
* PACIFIC CURRENT GROUP INVESTS IN AVANTE CAPITAL PARTNERS
* ENTERED INTO A DEFINITIVE AGREEMENT TO PURCHASE A MINORITY
EQUITY STAKE IN AVANTE CAPITAL PARTNERS
* PAC IS ACQUIRING A 24.9% EQUITY INTEREST IN AVANTE FOR UP
TO
US$40 MILLION
* ESTIMATES ITS INVESTMENT WILL YIELD BETWEEN US$1.5M -
US$2.5M
FROM MANAGEMENT FEES IN CY24
Source text for Eikon: ID:nASX35B8kZ
Further company coverage: PAC.AX
((Reuters.Briefs@thomsonreuters.com;))
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