Image Centre Limited acquired by management
Direct Capital's minority shareholding in Auckland based print and pre press company, Image Centre Limited has been acquired by management.
Direct Capital has been a shareholder in Image Centre since early 2000 when it injected new equity into the business to support growth initiatives. During Direct Capitals ownership the business has broadened its client offerings, grown revenues, made acquisitions and won a number of key clients.
The investment returns to DCPII shareholders represent a 2.4x money multiple.