Sam Twidale, Portfolio Manager for the DNR Capital Australian Emerging Companies Fund, explains why he believes recent volatility in equity markets has provided some excellent opportunities in the smaller cap sector.
Bravura Solutions has acquired FinoComp, which provides software to registry systems, for $25m. The acquisition is expected to deliver around $6.8m in revenue and $1.2m in operating earnings (EBITDA) on a pro forma basis.
The company has signed a long-term contract for the implementation of its Sonata platform in South Africa. STANLIB is the second major customer in South Africa and significant regulatory changes in that country are expected to drive other opportunities.