In March 2024, Allegro Fund IV completed the investment in Nutun Australia via a corporate carveout deal from the company’s South African parent.
Nutun Australia provides Business Process Outsourcing (BPO) services for Australia’s largest banks, insurers, utilities and telecommunication providers. Their BPO is across credit collections, insurance claims recovery, insource solutions and legal services.
The team consists of 900 employees across Australia, New Zealand and Fiji. Allegro will leverage its expertise in complex corporate carveouts to broaden Nutun Australia’s product offering in Australia and internationally.
Nutun Australia will continue to work closely with its South African parent under a long-term strategic partnership, enabling both businesses to continue sharing knowledge and IP as well as collaborating on multi-geography solutions for their clients.
