Private equity hasn’t stopped bidding for and buying companies. If anything, it has accelerated as US and Australian 10-year bond yields have accelerated.
ASIC commissioner Simone Constant says the sector must lift its game or prepare for enforcement action and become the regulator’s next cautionary tale.
TCorp manages about $127 billion for the NSW government, and is preparing to join the world of private equity to broaden its exposure to artificial intelligence.
JB Hi-Fi’s July sales shock drags down retailers, BlueScope delivers on its takeover defence, Aurizon tanks on a dividend shock and poor old Lendlease is still poor old Lendlease.