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Ascent Capital exits education services firm People Combine - 29-Nov-2016
New Delhi: Private equity firm Ascent Capital Advisors has exited its investment in Hyderabad-based education services company People Combine by selling its entire stake, said two people familiar with the development. “The PE firm had invested in the company 4.5 years ago and made an exit from the company by selling their entire stake around a week ago with 2x returns in rupee terms,” one of the two persons said, requesting for anonymity. “It was kind of a promoter buyback,” the person added.