From AFIC, a $9 billion investment company and one of the oldest...

From AFIC, a $9 billion investment company and one of the oldest on the ASX:

"Company Spotlight: Why AFIC invests in Macquarie Technology Group

AFIC focuses on investing in high-quality companies that provide shareholders with attractive returns over the long term. We identify high-quality companies based on multiple criteria and our experience. We recently added Macquarie Technology Group (ASX:MAQ) to the portfolio – here we explain why.

Our investment approach is to look for quality companies based on a strong leadership and management team, a healthy and conservative balance sheet that allows for reinvestment back into the business, a market leadership position and unique assets that are hard to replicate. Quality businesses also have the financial strength to ride market fluctuations, a sustainable business model, annuity-type income streams, and a plan for earnings growth.

We particularly like what we refer to as owner driver companies, businesses where the founder or founders have proven themselves to be great at running the business.Based on our assessment of these criteria, we believe Macquarie Technology Group is a quality company with potential to deliver long-term value. We recently invested in the business.

MAQ has always traded at a significant discount to its relevant peers in the data centre and cloud technology sector due to the liquidity issues with its shares. Greater liquidity now allows for broader share ownership outside of its founders. The recent capital raising allowed us to invest in a high-quality company..." - More here and worth a read: LINK