Ava Risk Group closes divestment of Ava Global to TTG Bidco

SYDNEY, AUSTRALIA: Ava Risk Group Limited has completed the sale of its non-core Services Division, Ava Global DMCC-LLC to TTG Bidco Limited, an entity backed by funds advised by Phoenix Equity Partners Limited. Sale price includes US$46.4 million (A$62.6 million) with anticipated net cash proceeds of US$31.1 million (A$41.9 million) after closing adjustments, and payment…