Project Description
SNAPSHOT
Type of Investment: | Corporate Carve Out |
Industry: | Business Process Outsourcing |
Initial Investment: | April 2024 |
Fund: | Allegro Fund IV |
Investment Status: | Current |
Contact: | Chester Moynihan |
BUSINESS OVERVIEW
Nutun Australia is a growing provider of specialised business process outsourcing (BPO) services for a longstanding blue-chip customer base. The business has built trusted relationships with Australia’s largest banks, insurers, utilities and telecommunication providers.
Nutun Australia has a broad service offering including credit collections, CX, insurance claims recovery, insource solutions and legal services and trades through its brands recoveriescorp, Mason Black + Mendelsons and Nutun.
In April 2024, Allegro acquired Nutun Australia from its parent company, Nutun South Africa. Allegro is represented on the board of Nutun Australia by Chester Moynihan, Jeffrey Largier and Jeremy Trouncer.
Nutun is the fourth investment in Allegro Fund IV.