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Treasury Group takes stake in ROC Partners

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By Tim Stewart
  •  
2 minute read

Treasury Group Limited has taken a 15 per cent stake in private equity and advice firm ROC Partners (ROC).

ROC was recently formed in relation to a management buyout of the long-established business from Macquarie Group.

Treasury Group will acquire a 15 per cent equity stake in ROC and provide a five-year working capital facility to be drawn down at ROC’s discretion over time, according to a statement by the company.

The total capital commitment by Treasury Group will be up to $4.5 million, which will be funded out of “internally available working capital”, said Treasury Group.

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Treasury Group managing director and chief executive Andrew McGill said the ROC Partners team is the leading private equity team of its type in Australia and is “delighted” that Treasury Group has been able to invest with them in support of their future growth and success. 

“Michael Lukin and his colleagues are highly regarded by both clients and general partners across the Asia-Pacific markets in which they operate and have been known to Treasury Group for many years,” said Mr McGill. 

In addition, Treasury Group said it would make available a range of support services to ROC, including risk and compliance, accounting and operational support services. 

It is anticipated that Treasury Group initial investment commitment will be completed in the coming months. 

Upon completion, it is expected that Mr McGill will join the board of ROC, said Treasury Group.

 

Treasury Group takes stake in ROC Partners

Treasury Group Limited has taken a 15 per cent stake in private equity and advice firm ROC Partners (ROC).

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