Brief: Pacific Current Group Invests In Avante Capital Partners

Pacific Current

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;))