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	<title>Crikey &#187; private equity</title>
	<atom:link href="http://www.crikey.com.au/topic/private-equity/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.crikey.com.au</link>
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		<title>Take a raincheck on that private equity move into retail</title>
		<link>http://www.crikey.com.au/2012/01/12/take-a-raincheck-on-that-private-equity-move-into-retail/</link>
		<comments>http://www.crikey.com.au/2012/01/12/take-a-raincheck-on-that-private-equity-move-into-retail/#comments</comments>
		<pubDate>Thu, 12 Jan 2012 01:52:08 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Companies]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Gerry Harvey]]></category>
		<category><![CDATA[Myer]]></category>
		<category><![CDATA[PacBrands]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[retailing business]]></category>

		<guid isPermaLink="false">http://www.crikey.com.au/?p=268139</guid>
		<description><![CDATA[Private equity has performed poorly in old retail. There's no reason why it will do any better as the sector faces major change.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2012/01/12/take-a-raincheck-on-that-private-equity-move-into-retail/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Too much money on Wall Street</title>
		<link>http://www.nytimes.com/2010/06/24/business/24private.html?hp</link>
		<comments>http://www.nytimes.com/2010/06/24/business/24private.html?hp#comments</comments>
		<pubDate>Fri, 25 Jun 2010 00:17:11 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Companies]]></category>
		<category><![CDATA[Links]]></category>
		<category><![CDATA[Global Financial Crisis]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.crikey.com.au/2010/06/25/too-much-money-on-wall-street/</guid>
		<description><![CDATA[Private equity firms on Wall Street have a current piggy bank of around US$500 billion and nowhere for it to go. But they need to make some deals, because if they don't invest the money quickly, they'll have to return it to their clients.]]></description>
		<wfw:commentRss>http://www.nytimes.com/2010/06/24/business/24private.html?hp/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Private equity funds and the pillage of Australia</title>
		<link>http://www.crikey.com.au/2009/11/23/private-equity-funds-and-the-pillage-of-australia/</link>
		<comments>http://www.crikey.com.au/2009/11/23/private-equity-funds-and-the-pillage-of-australia/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 00:45:15 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Companies]]></category>
		<category><![CDATA[Australian Taxation Office]]></category>
		<category><![CDATA[Myer]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[Texas Pacific Group]]></category>

		<guid isPermaLink="false">http://www.crikey.com.au/?p=100156</guid>
		<description><![CDATA[The big winner in the recent Myer float was the private equity firm that managed to float $452 million of tax money offshore, writes <b>John Passant</b>.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2009/11/23/private-equity-funds-and-the-pillage-of-australia/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>ATO-TPG fight may force legislators to act curb tax favours</title>
		<link>http://www.crikey.com.au/2009/11/17/ato-tpg-fight-may-force-legislators-to-act-curb-tax-favours/</link>
		<comments>http://www.crikey.com.au/2009/11/17/ato-tpg-fight-may-force-legislators-to-act-curb-tax-favours/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 02:00:00 +0000</pubDate>
		<dc:creator>Adam Schwab</dc:creator>
				<category><![CDATA[Companies]]></category>
		<category><![CDATA[ato]]></category>
		<category><![CDATA[Australian Taxation Office]]></category>
		<category><![CDATA[Myer]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[tpg]]></category>

		<guid isPermaLink="false">http://www.crikey.com.au/2009/11/17/ato-tpg-fight-may-force-legislators-to-act-curb-tax-favours/</guid>
		<description><![CDATA[The emerging stoush between the Australian Tax Office and the former private equity owners of Myer should warm the cockles of the hearts of every long-suffering Australian taxpayer.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2009/11/17/ato-tpg-fight-may-force-legislators-to-act-curb-tax-favours/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Myer takes new product to market: itself</title>
		<link>http://business.smh.com.au/business/department-of-good-news-myer-times-it-sweet-20090909-fhoj.html</link>
		<comments>http://business.smh.com.au/business/department-of-good-news-myer-times-it-sweet-20090909-fhoj.html#comments</comments>
		<pubDate>Wed, 09 Sep 2009 23:59:54 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Companies]]></category>
		<category><![CDATA[Links]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[bernie brookes]]></category>
		<category><![CDATA[Myer]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[tpg]]></category>

		<guid isPermaLink="false">http://www.crikey.com.au/?p=85484</guid>
		<description><![CDATA[For potential investors in Myer's float tomorrow one question remains: will private equity firm TPG retains shares? They will look for a show of faith to overcome concerns about the chequered history of such deals, says <b>Elizabeth Knight</b>. ]]></description>
		<wfw:commentRss>http://business.smh.com.au/business/department-of-good-news-myer-times-it-sweet-20090909-fhoj.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The long, slow death of private equity</title>
		<link>http://www.crikey.com.au/2009/09/02/the-long-slow-death-of-private-equity/</link>
		<comments>http://www.crikey.com.au/2009/09/02/the-long-slow-death-of-private-equity/#comments</comments>
		<pubDate>Wed, 02 Sep 2009 03:00:00 +0000</pubDate>
		<dc:creator>Glenn Dyer</dc:creator>
				<category><![CDATA[Companies]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Annex Funds]]></category>
		<category><![CDATA[Apollo]]></category>
		<category><![CDATA[cerberus capital management]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[KKR]]></category>
		<category><![CDATA[private equity]]></category>

		<guid isPermaLink="false">http://www.crikey.com.au/2009/09/02/the-long-slow-death-of-private-equity/</guid>
		<description><![CDATA[The advent of Annex Funds are an admission that the private equity model is broken beyond repair and it's desperate times for the likes of KKR, Apollo and Cerberus.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2009/09/02/the-long-slow-death-of-private-equity/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The risky business of private equity floats</title>
		<link>http://www.crikey.com.au/2009/03/13/the-risky-business-of-private-equity-floats/</link>
		<comments>http://www.crikey.com.au/2009/03/13/the-risky-business-of-private-equity-floats/#comments</comments>
		<pubDate>Thu, 12 Mar 2009 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[jb hifi]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Pacific Brands]]></category>
		<category><![CDATA[private equity]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[The majority of private equity floats of recent years have been disastrous for shareholders, writes <b>Adam Schwab</b>.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2009/03/13/the-risky-business-of-private-equity-floats/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Private equity freezes over</title>
		<link>http://www.crikey.com.au/2009/01/21/private-equity-freezes-over/</link>
		<comments>http://www.crikey.com.au/2009/01/21/private-equity-freezes-over/#comments</comments>
		<pubDate>Tue, 20 Jan 2009 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[australian discount retail]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[Warren Buffett]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Less than two years ago, private equity was the new black, but the collapse of Australian Discount Retail indicates its reign is all but over, writes <b>Adam Schwab</b>.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2009/01/21/private-equity-freezes-over/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Private equity media buyouts not so crash hot after all?</title>
		<link>http://www.crikey.com.au/2008/06/27/private-equity-media-buyouts-not-so-crash-hot-after-all/</link>
		<comments>http://www.crikey.com.au/2008/06/27/private-equity-media-buyouts-not-so-crash-hot-after-all/#comments</comments>
		<pubDate>Thu, 26 Jun 2008 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Media-Arts-and-Sports]]></category>
		<category><![CDATA[Economy business]]></category>
		<category><![CDATA[pbl media]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[Seven Network]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Here's a deal that will send a chill down the balance sheets of certain Australian and Canadian media companies which did deals with private equity groups in 2007, writes <b>Glenn Dyer</b>.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2008/06/27/private-equity-media-buyouts-not-so-crash-hot-after-all/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Private equity suffering in the UK to spread downunder</title>
		<link>http://www.crikey.com.au/2008/06/26/private-equity-suffering-in-the-uk-to-spread-downunder/</link>
		<comments>http://www.crikey.com.au/2008/06/26/private-equity-suffering-in-the-uk-to-spread-downunder/#comments</comments>
		<pubDate>Wed, 25 Jun 2008 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[debenhams]]></category>
		<category><![CDATA[Myer]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[tpg]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[UK retailer Debenhams is suffering, as are the private equiteers who own it. The really bad news is, there Australian companies stepping into the same leaky boat, writes <b>Glenn Dyer</b>.  ]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2008/06/26/private-equity-suffering-in-the-uk-to-spread-downunder/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Lachlan&#8217;s ConsMedia bid flawed from the beginning</title>
		<link>http://www.crikey.com.au/2008/03/07/lachlans-consmedia-bid-flawed-from-the-beginning/</link>
		<comments>http://www.crikey.com.au/2008/03/07/lachlans-consmedia-bid-flawed-from-the-beginning/#comments</comments>
		<pubDate>Thu, 06 Mar 2008 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[consolidated media]]></category>
		<category><![CDATA[Economy business]]></category>
		<category><![CDATA[James Packer]]></category>
		<category><![CDATA[Lachlan Murdoch]]></category>
		<category><![CDATA[private equity]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[It's not hard to understand why Lachlan Murdoch can't get $1.2 billion for his $3.3 billion Consolidated Media play. The bid only benefits one person: James Packer, writes <b>Glenn Dyer</b>.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2008/03/07/lachlans-consmedia-bid-flawed-from-the-beginning/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>With Flight Centre, the shareholders beat the barbarians</title>
		<link>http://www.crikey.com.au/2007/12/04/with-flight-centre-the-shareholders-beat-the-barbarians/</link>
		<comments>http://www.crikey.com.au/2007/12/04/with-flight-centre-the-shareholders-beat-the-barbarians/#comments</comments>
		<pubDate>Mon, 03 Dec 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Flight Centre]]></category>
		<category><![CDATA[henry kravis]]></category>
		<category><![CDATA[lazard asset management]]></category>
		<category><![CDATA[pacific equity]]></category>
		<category><![CDATA[private equity]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[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.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2007/12/04/with-flight-centre-the-shareholders-beat-the-barbarians/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IMF signals the credit squeeze is far from over</title>
		<link>http://www.crikey.com.au/2007/09/25/imf-signals-the-credit-squeeze-is-far-from-over/</link>
		<comments>http://www.crikey.com.au/2007/09/25/imf-signals-the-credit-squeeze-is-far-from-over/#comments</comments>
		<pubDate>Mon, 24 Sep 2007 13:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[subprime mortgage market]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Just when you thought it was safe to go back and put in new share orders... comes a report from the IMF that the private equity market is at much at risk of a meltdown as the sub-prime mortgage market, with potentially greater consequences for global investment.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2007/09/25/imf-signals-the-credit-squeeze-is-far-from-over/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Morning Market Report</title>
		<link>http://www.crikey.com.au/2007/08/28/morning-market-report/</link>
		<comments>http://www.crikey.com.au/2007/08/28/morning-market-report/#comments</comments>
		<pubDate>Mon, 27 Aug 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Dow Jones]]></category>
		<category><![CDATA[fgl]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[stelco inc]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[The highlights and lowlights of this morning's sharemarket activity.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2007/08/28/morning-market-report/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The sorry saga of Australian Pharmaceutical Industries</title>
		<link>http://www.crikey.com.au/2007/07/30/the-sorry-saga-of-australian-pharmaceutical-industries/</link>
		<comments>http://www.crikey.com.au/2007/07/30/the-sorry-saga-of-australian-pharmaceutical-industries/#comments</comments>
		<pubDate>Sun, 29 Jul 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[api]]></category>
		<category><![CDATA[ebit]]></category>
		<category><![CDATA[Priceline]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[soul pattinson]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[One would be hard-pressed to find a better example of how not to run a business than the sorry saga of Australian Pharmaceutical Industries, owner of Priceline, Price Attack and Soul Pattinson. ]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2007/07/30/the-sorry-saga-of-australian-pharmaceutical-industries/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Don’t forget distressed debt</title>
		<link>http://www.crikey.com.au/2007/07/06/dont-forget-distressed-debt/</link>
		<comments>http://www.crikey.com.au/2007/07/06/dont-forget-distressed-debt/#comments</comments>
		<pubDate>Thu, 05 Jul 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[bullish]]></category>
		<category><![CDATA[king canute]]></category>
		<category><![CDATA[morgan stanley]]></category>
		<category><![CDATA[private equity]]></category>
		<category><![CDATA[us treasury yields]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[Reading much of the commentary by various Australian financial market commentators about the genius of private equity and their seeming insatiable appetite for snapping up Australian companies often reminds me of the story of the fawning courtiers around King Canute who told the King he could even command the sea.]]></description>
		<wfw:commentRss>http://www.crikey.com.au/2007/07/06/dont-forget-distressed-debt/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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