Anchorage dropped its stake from 98 per cent to 20 per cent through the share sale, just a year after buying into the business for an initial A$20m.
The firm invested a total of A$94m in the company over time, and has seen the value of the business rise to A$518m at the last trading price of $2.19 per share.
Anchorage said at the time of the buyout that the deal was conservatively structured so that Dick Smith would emerge from the sale supported by a strong balance sheet, with considerable asset backing and no core debt.
Dick Smith posted an EBITDA of A$24.6m on sales of A$1.57bn last year.
Anchorage targets businesses with enterprise values of A$50m to A$150m and annual revenues of at least A$50m. it is focused on Australia, New Zealand and South East Asia.
Copyright © 2013 AltAssets