Potentia Capital is on the move at Soprano Design two years after it snapped up a 25 per cent stake in the enterprise-level mobile messaging technology company, which makes about $40 million at the earnings line.
Street Talk understands the $1 billion mid-market technology private equity firm has run a beauty parade and resolved to hand investment bank Barrenjoey an advisory mandate. A formal sale process for its stake is the obvious next step.
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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
