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Do the math: Private equity comes for edtech Maths Pathway
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Belay Capital has bought a majority stake in edtech Maths Pathway.Â
Craig Abraham
Street Talk understands the Sydney-based buyout shop has taken a majority stake in local education technology business Maths Pathway, to help fuel the companyâs local and international growth ambitions.
Sources said Belay â which is run by ex-Miles Advisory operative Andrew Kloster and Etienne Alexiou â had signed a deal in the past week, buying out some of Maths Pathwayâs early stage angel/impact investors.
The PE firm paid about $12 million for just over half of the business, which valued it at $24 million. Maths Pathwayâs founders Richard Wilson and Justin Matthys would hold onto the balance of the companyâs shares on issue.
American snacks giant Mondelez bites into CPE Capitalâs crackers biz
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American snacks giant Mondelez International has agreed a deal to acquire Australian cracker business Gourmet Food Holdings for more than $400 million
, marking a huge return for the businessâ private equity owner in less than three years.
The US behemoth that owns Cadbury chocolate is set to launch an assault on the local premium crackers market. Â
Paul Jeffers
Mondelez, best known for owning Cadbury and Trident Gum, is expected to incorporate Gourmet Food Holdings and its brands into its Australian portfolio and launch an assault on the premium cracker market.