Australia's HESTA acquires stake in PE-backed Citadel for $85m

Australia's HESTA acquires stake in PE-backed Citadel for $85m

Photo by Joshua Hoehne on Unsplash

Australian superannuation fund HESTA announced that it has acquired a A$120-million ($85 million) equity stake in Citadel Group, a health software solutions firm backed by private equity investor Pacific Equity Partners (PEP).