29th October 2009, www.dailymirror.lk
Aureos Capital, an emerging markets private equity investor, has exited from its 13 per cent stake in Sri Lankan trading software company MillenniumIT through a $30m buy-out by the London Stock Exchange Group.
MillenniumIT is a technology solutions provider serving the global capital markets industry. Its software is used by exchanges, depositories, brokerages and regulatory bodies in the US, Europe, Africa and the Asia-Pacific region.
Aureos invested in MillenniumIT at the time of its inception in 1996 through the funding of its management buy-out of the Open Systems Division of ComputerLand Sri Lanka. Sev Vettivetpillai, the CEO of Aureos Advisers, said, “after 13 years of working closely with and supporting MillenniumIT we now look forward to watching its continued success under its new owners. The backing of the London Stock Exchange will help MillenniumIT extend its global franchise and build on its strong track record”. Last month, Aureos invested $10m in Costa Rican IT corporation ITS InfoComunicacion. Aureos specializes in providing expansion and buy-out capital to unlisted mid-cap businesses across Asia, Africa and Latin America.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.