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Founder Of PE-Backed Transpacific Nets $164M In Stake Sale

By Karlee Weinmann (March 7, 2013, 2:02 PM EST) -- The founder of private equity-backed Australian waste treatment outfit Transpacific Industries Ltd. reportedly stepped away from the company on Thursday, raking in AU$160.5 million (US$164 million) through the sale of his entire 11.3 percent stake to unnamed institutional investors....

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