Backers get five-fold return on €70m sale of Brite:Bill

Company expects to hire more people following the acquisition by AmDocs

18th September, 2016
Brite:Bill's Alan Coleman

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 founded...

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