ACC-backed Allegro sees Carpet Court as potential listing opportunity

Sun, 20 Sep 2015

By Paul McBeth Sept. 21 (BusinessDesk) - Allegro Funds, the Australian private equity firm that counts the Accident Compensation Corp's investment arm as an investor, is optimistic its latest New Zealand investment, Carpet Court, is a candidate for potential listing once the flooring retailer has been whipped into shape. The Sydney-based firm bought New Zealand's Carpet Court in July in a deal to recapitalise the firm and leave it debt-free after the transaction. Allegro co-founder Chester Moynihan told BusinessDesk the company has about...

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