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

23 Sep 2013

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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