Business
HT&E bankers up for Soprano sale – The Australian Financial Review
HT&E has called in Macquarie Capital’s bankers to test appetite in its investment in software vendor Soprano.
HT&E has called in Macquarie Capitals bankers to test appetite in its investment in software vendor Soprano.
HT&E owns a 25 per cent stake in Soprano, which made $25.5 million EBITDA in FY20 for 45 per cent growth.
HT&E chief executive Ciaran Davis. Supplied
Macquarie Capital is expected to pitch it to software companies and private equity types, while HT&E could use the cash to drive media sector consolidation.
Soprano is on HT&Es books for $19 million, but is expected to be worth more.
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