Carlyle, Accel, Macquarie file to raise A$440m through OzForex IPO


shares stocks IPOThe Carlyle Group, Accel Partners and Macquarie Group are eyeing an exit of online foreign exchange services provider OzForex Group through an A$440m IPO.

The trio are hoping to sell 240 million shares in the business at A$2 each according to the prospectus, which show the listing is scheduled to take place on October 11.

Goldman Sachs and Macquarie are joint-managing the listing.

Carlyle and Accel teamed up to buy a minority stake in OzForex in November 2010, marking an unusual alliance between a private equity giant and a venture capital firm.

Although rare to see a joint venture between buyout and venture firms, Accel had form following its link-up with KKR to form the Accel-KKR investment vehicle.

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