Just two years after Quadrant Private Equity bought digital solutions company Arq Group for $35 million, the Australian company has been acquired by Singtel Group subsidiary NCS in a deal worth $290 million.
The deal represents a more than eight times return for Chris Hadley’s Quadrant and the Arq management team that also participated in the buyout, and follows a significant turnaround of the Arq business, led by CEO Tristan Sternson.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
