Macquarie Capital has bought a small stake in private equity-owned IT services company Orro Group, backing the business as part of a $150 million-plus raising. The company was formed in 2019 when Sydney-based PE firms Liverpool Partners and Parc Capital teamed up with CustomTec founder Damian Higgins to create a business specifically designed to acquire other IT services companies.
TNT Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held