Greenwich Capital Partners Acquires Majority Stake in Australian HVAC Business AUSCOOL GROUP

Greenwich Capital Partners Acquires Majority Stake in Australian HVAC Business AUSCOOL GROUP

Australia: Mid-market private equity investor Greenwich Capital Partners has acquired a majority stake in Melbourne-based AUSCOOL GROUP, according to the Australian Financial Review. The transaction marks Greenwich Capital Partners’ entry into the heating, ventilation and air-conditioning (HVAC) sector, which has proved lucrative for US private equity firms. The purchase price, exact stake acquired and identities of the selling shareholders have not been disclosed.

Source: Alpha Maven