Three months after delivering its investors a big payday with school software business Compass Education, Melbourne’s Advent Partners is trying its luck with another SaaS deal – this time in healthcare.
Street Talk can reveal Advent has tasked Allier Capital managing director Emmanuel Syrrou with finding a buyer for Medtech, a provider of practice management software that makes about $15 million in earnings and has some 16,000 users in Australia and New Zealand.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
