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BDO provided Vendor Due Diligence to DataTorque Limited which saw Simplicity Private Equity take a minority equity stake. DataTorque is one of New Zealand’s leading tech players in the revenue management software space.
This is the fund’s fourth direct investment in innovative Kiwi businesses.
“We’re excited that our fund will be investing in DataTorque,” said Sam Stubbs, CEO of Simplicity. “We believe the company (of which Simplicity’s Private Equity fund now has a 30% stake) has huge potential to grow and make a real difference in the world.” Read more on Simplicity's website.