Ironbridge trades out of Eclipx Group

Eclipx CEO, Doc Klotz (right) and deputy CEO and CFO Garry McLennan.
Eclipx CEO, Doc Klotz (right) and deputy CEO and CFO Garry McLennan.

Private equity firm Ironbridge has finished its association with leasing company Eclipx, selling the last of its shares after market on Friday. 

Ironbridge offloaded its final 5 per cent stake at $3.70 a share which was a 5¢ discount to the last close. 

Macquarie handled the trade. 

Eclipx, formerly known as FleetPartners, listed in April 2015 at $2.30 a share.

Ironbridge, a pre-IPO investor, has reduced its stake in a handful of block trades over the past 18-months.