The Riverside Company seeks to acquire Wollongong-based IT business – The Australian Financial Review

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Six months after securing investors a sweet payday with the $1.6 billion sale of its Energy Exemplar portfolio company to rival sponsor Blackstone, The Riverside Company is back and preparing to bet big on Australia’s fast-growing technology sector.
Street Talk understands investment firm Riverside, led locally by Melbourne managing partner Simon Feiglin, is in advanced talks to acquire Wollongong’s Virtual IT Group, a full-service information technology outfit that makes $15 million a year at the earnings line.
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