Champ Private Equity takes control of Macpac for undisclosed sum

Mon, 21 Dec 2015

By Paul McBeth Dec. 22 (BusinessDesk) - Australia's Champ Private Equity has bought a majority stake in outdoor equipment chain Macpac Group Holdings for an undisclosed sum, reported to be about A$70 million for 90 percent. Sydney-based Champ signed the deal yesterday to buy "a significant majority stake" in Macpac, with several existing shareholders keeping minority interests, and the transaction is expected to be completed next month, it said in a statement. The private equity firm is using its Champ Ventures 7 Funds vehicle to acquire...

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