Street Talk
PE giant EQT pays $250m for Potentia’s NewBook; 6.5 times money
EQT Partners-backed Storable has paid north of $250 million to acquire Potentia Capital’s bookings software company, NewBook, in a deal that spells a whopper payday for the Sydney firm’s limited partners.
Potentia Capital founders Andy Gray and Tim Reed at their Sydney office. Louise Kennerley
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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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
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