Backers get five-fold return on €70m sale of Brite:Bill
Company expects to hire more people following the acquisition by AmDocs
Brite:Bill, the Dublin-based billing software company which was sold for about €70 million last week, delivered a five-fold return to its biggest private equity backers Investec and Delta Partners.
Investec put about €4 million into the company in return for a 30 per cent stake, which returned about €20 million. Delta invested around €1 million in Brite:Bill and is expected to get a similar return on its stake in the company which was ...
