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Aura Funds Completes Exit of 1300 Australia
Aura Funds led the management buyout of 1300 Australia from Telstra in November 2017
Aura Special Opportunities Fund IX (the Fund), a fund managed by Aura Group, has fully realised its investment in 1300 Australia and distributed the proceeds to unit holders.
Aura Funds led the management buyout of 1300 Australia from Telstra in November 2017. 1300 Australia was sold to Uniti Group Limited for total consideration of AU$78m in December 2019. Fund unit holders have received distributions totalling $1.58 per $1.00 unit, delivering an IRR of 24% and a money multiple of 1.58 x initial investment (post fees and excluding franking credits).
Going forward the Fund will continue to be a majority shareholder in CallN, a specialist provider of business analytics and call analytics. CallN operates in a large and rapidly growing market with an opportunity to develop a range of additional products, from the core product.
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This information is for accredited, qualified, institutional, wholesale or sophisticated investors only and is provided by Aura Capital Pty Ltd AFSL No. 366 230, ABN 48 143 700 887. Aura Capital Pty Ltd is the Trustee of all the Funds mentioned and a subsidiary of Aura Group Pty Ltd.
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