Australia Digest: Ardent sells bowling unit; Orica acquires GroundProbe

Australia Digest: Ardent sells bowling unit; Orica acquires GroundProbe

Photo: Reuters

In the recent M&A developments in Australia, Ardent has entered into an agreement to sell its Bowling & Entertainment division (B&E) for an enterprise value of A$160 million to The Entertainment and Education Group (TEEG), while Orica Limited is acquiring GP Holdco Pty Ltd (GroundProbe) from Crescent Capital Partners for A$205 million.

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