Four months after putting Prospa investors out of their misery with a take-private, Melbourne fund manager Salter Brothers has ruled off an investment in Marketboomer, the software as a service business making hospitality procurement more hospitable.
It is understood the Salter Brothers Tech Fund has tipped in $4.9 million in exchange for a 20 per cent stake in the proptech business, which was established almost 30-years ago in Sydney and has a presence across 23 countries.
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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
