The country's largest industry fund will appoint one director to the board of Navitas, after closing the $2.3 billion buyout of the education provider.
The deal marks a new front for AustralianSuper and local industry super: the first time a fund has partnered with a traditional private equity fund and acted as part of the consortium in a large transaction, rather than a more passive player.
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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
