Business Services Industry

Investors grab chance to go private.

Australasian Business Intelligence, March, 2003

Mar 23, 2003 (The Australian Financial Review - ABIX via COMTEX)

Sharemarket floats on the Australian Stock Exchange may be scarce, but the reverse process is flourishing. International investors are looking to invest in taking devalued and illiquid publicly-listed Australian companies private. According to a managing partner of UK-based Alchemy Partners, Jon Moulton, many of the companies being taken private were conglomerate in nature, and value could be extracted by dividing them into separate units. Moulton said such offers frequently had a very high and rapid rate of acceptance. He said that technology companies in particular had provided a fertile field for the public-to-private transition.

Publication Date: 24 March 2003

ALCHEMY...

            
        
    
    	    
                
                
	
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