October 3, 2016
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DRC Capital has been granted Operational Excellence Award 2016 (in the Asia-Pacific Small Cap sector) from Private Equity International (PEI) for its investment in Paydesign (realized in April 2016). A number of investments by private equity funds around the world, realized during the past one year, were analyzed by PEI's distinguished panel of judges. As regards DRC's Paydesign, its business portfolio underwent a significant evolution under DRC's policy of "shrink-to-grow" where non-core unprofitable businesses were eliminated and the core settlement business was given a strong growth impetus. PEI panel of judges paid high regard to this decisive operational improvements by DRC that led to a superior return.
