There is no more conflicted a transaction as when insiders (specifically, senior management) team with financial backers to acquire a company. That is because management are employed by the very people they are purchasing the asset from. Despite best intentions, it is a conflict that seems impossible to reconcile.
Pacific equity
Angus & Robertson throws the book at publishers
Cough up or you’re dumped. Book publishers and distributors choked on their cafe lattes when they were issued the ultimatum recently by Australia’s largest book chain, Angus & Robertson, which is owned by private equity group Pacific Equity Partners. Jane Nethercote reports.
