Business Services Industry
Allco Equity cuts with mothership.
Australasian Business Intelligence, November, 2008
Byline: Clancy Yeates
Nov 05, 2008 (The Age - ABIX via COMTEX) -- Allco Equity Partners (AEP) has become wholly independent from the collapsed Australian-listed structured finance firm, Allco Finance Group (AFG). The parent has been put into administration as it was unable to service its debt with a bank consortium, and AEP has cancelled the management contract with AFG. Ian Tsicalas, the chair of AEP, told the private equity venture's AGM on 5 November 2008 that the business should thrive after no longer being associated with ...
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