This is the fourth exit made by Ascent Capital in the past two years. In January 2015, it exited its year-old investment in the third-largest domestic credit ratings agency, Credit Analysis and Research Ltd (CARE), for around $10 million, followed by an exit from Alivira Animal Health in July same year for an undisclosed amount, according to Venture Intelligence.
In September, it exited Citrus Pay through a deal wherein PayU Global, the digital payments provider owned by South Africa’s Naspers Group, agreed to buy Citrus Pay for $130 million in an all-cash deal.
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