Blackbird payday at NZ start-up First AML as Five V comes calling

Adrian MacKenzie’s Five V Capital is set to acquire a majority stake in Auckland-headquartered First AML, spelling a payday for the compliance start-up’s early backers including Blackbird. 

The mid-market private equity player this week agreed terms to invest in First AML, whose founders Bion Behdin, Milan Cooper and Chris Caigou are expected to roll over their shareholding, sources said on the condition of anonymity.

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