PwC Australia’s government business will become a new company called Scyne Advisory,having been offloaded to private equity firm Allegro Funds in a $1 fire sale.
Housed inside PwC,the government consulting division has a very bleak future.
Private equity firm Potentia Capital has walked away from the Mike Cannon-Brookes-backed fintech Tyro Payments after gaining access to its books.
Alarm bells are ringing in the vulnerable global financial system as things start to break. The multitrillion-dollar question is whether there is more to come.
The battle for the ownership of Australia’s biggest operator of funerals and private cemeteries has now become tactical.
Cricket continues to investigate private equity as fears grow that the sport will lose elite players to cash-up T20 leagues and beginners to other sports.
Global private equity firm TPG has raided the share register of the business behind Le Pine,White Lady Funerals and Simplicity Funerals.
The money would be used to hand cash to private equity owner Bain Capital just months ahead of the airline’s prospective sharemarket re-listing,according to people familiar with the matter.
Australian-grown sustainable food packaging company,BioPak,is aiming to bring manufacturing back home,slash prices and spread its wings in North America.
Private equity firm Anchorage Capital partners has confirmed it has snapped up David Jones and says it will back its CEO.
ASX-listed company boards’ “views on private equity are beginning to change,” overturning a long history in Australia of scepticism of the industry,says local Blackstone boss Michael Blickstead.