Despite the claims of self-interested private equiteers and their hired help, the ATO’s decision to tax TPG’s billion-dollar Myer windfall was the right one.
Texas Pacific Group
Private equity funds and the pillage of Australia
The big winner in the recent Myer float was the private equity firm that managed to float $452 million of tax money offshore, writes John Passant.
Private equity barbarians turned away at the gate
It wasn’t long ago when the mere mention of private equity players would send shudders through the veins of even the toughest non-executive chairman. No longer.
Why John Howard lurvs the Mexican corporate raiders
The largest cash takeover in Australian history is now almost certain to succeed after Mexican construction giant Cemex today revealed it has moved to 82.68% of Rinker, with another 13 business days to get to the 90% compulsory acquisition level before the offer closes on 16 July.
