DPS Publishing has restructured and sold just over 40% of its equity to an Adelaide private equity group. All up ten investors have kicked the bucket plus a Commonwealth Bank loan facility has been taken out. The seller is David Baker and related structures.
We understand the agedcareguide.com.au has been on the market for some time. With print in decline we do not know if the DPS Guides are included.
The investors have been assembled by Marcus Bailey, MD of boutique private equity firm Fortis Ago which has a track record of building up profits rapidly in preparation for an on-sale at a significantly higher price. He invested himself as well.
