As media companies change hands for low valuations, private equity see profits. Catalyst is the latest to swoop, but will the injection of private equity cash deliver more media diversity?
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PRIVATE EQUITY DEALS
Anatomy of a farce: rights and the wrongs of a DJ dalliance
The withdrawal of a $1.65 billion takeover bid for national retailer, David Jones, has bought to a close one of the most bizarre chapters in the company’s 174-year history.
READ MOREPrivate equity’s long hangover
The private equity players may be suffering from a horrible post-GFC hangover brought on by over-exuberance, a lack of foresight and an over-reliance on debt.
READ MOREMFS flogs control of Stella to CVC
The first major fire sale from the Australian credit crunch was announced today when MFS revealed private equity firm CVC Asia Pacific had bought 65% of the Stella travel business for $409 million, writes Stephen Mayne.
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