A lesson in private equity from one of the region’s hotshots
How to make it in private equity? Follow your heart, cling on in the bad times and check out Australia’s software companies, says billionaire Jean Eric Salata.
Australia’s software sector is better than we realise. And it’s not just start-ups – there are proven and profitable software companies operating globally out of Australia, out of the limelight and away from the ASX boards.
Billionaire private equity investor Jean Eric Salata has bought three of them in the past year – school-parent communications and fees platform Compass Education; utilities software company Neara; and human-resources software group PageUp. And now he has his eyes on a fourth.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
