Article: QANTAS BID SHOWS PRIVATE EQUITY FIRMS BREAKING NEW GROUND.

MELBOURNE, Nov 24 Asia Pulse - An audacious attempt by a private equity firm to change the ownership of Australian icon Qantas Airways (ASX:QAN) has taken the leveraged buy out (LBO) acquisition concept into new waters.

Qantas is weighing up what could amount to an $A11 billion ($US8.49 billion) takeover by a consortium led by US global private equity player Texas Pacific Group and home-grown takeover expert Macquarie Bank Ltd (ASX:MBL).

Previously, private equity firms have focussed on companies with stable and consistent earnings, such as retailers or food brand companies that dominate their markets.

But the play for Qantas represents a new ...

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