Advance completed the acquisition of Allied Minds’ stake in HawkEye 360 for $65.6m.

Advance, a private, family-owned business that owns, operates and invests in assets spanning media, communications, technology and other promising growth sectors, completed the acquisition of Allied Minds' stake in HawkEye 360, a Radio Frequency data analytics company, for $65.6m. "This is a major development. The sale provides an excellent return on invested capital, enables us to make a significant return of cash to shareholders, and strengthens our ability to continue to fund and support our existing technology portfolio. Our focus now is on realising value from the rest of our portfolio through continued operational and financial support, as well as selective, well-timed exits to maximise returns to shareholders." Joe Pignato and Mike Turner, Allied Minds Co-CEOs.