AFR Private equity firm Potentia Capital has made a $1.58 a share bid for battling signing software play Nitro Software, valuing it at nearly $400 million.As PE firms step up their chase of bombed-out Australian tech stocks, Sydney firm Potentia has picked up a 17 per cent pre-bid stake and followed it up with an offer for the rest of the company.Potentia’s buying included a raid on Monday night, only hours after Nitro, which sells software to help sign digital documents, presented its half year results and its shares fell heavily. Investment bank Jarden helped line up the stock.
NTO Price at posting:
$1.13 Sentiment: Buy Disclosure: Held
