Pacific Equity Partners’ attempt to pressure Spotless group into embracing a takeover is at an impasse, with only three obvious mechanisms for resolving it.
Pacific equity
How private equity ‘dud’ bids destroy value, not create it
The phrase “private equity to bid” is no indication of news, or quality in a story.
Business As Usual: Calling corporate plod … world’s renewable utility falls on tough times
Where is ASIC and the ASX when it comes to Corporate Express share prices? Plus, Solverdi Worldwide Limited, is about to find out if corporate death leads to renewal and other news from the business world.
With Flight Centre, the shareholders beat the barbarians
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.
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.
