|
|
Article: Corporate Law Update - Impact Of Private Equity In Australia.
- Article from:
- Mondaq Business Briefing
- Article date:
- September 9, 2007
CopyrightCOPYRIGHT 2007 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Private equity is not a new phenomenon, but over the last couple of years the level of private equity activity in Australia has increased significantly. This is not unique to Australia, as companies the world over are being bought by private equity funds and taken off stock exchanges, but there are now global private equity firms buying into Australian companies such as Alinta, Publishing and Broadcasting Ltd, Seven Network, Myer and Rebel Sport. This is a small but important part of the Australian economy.
In March 2007, the Australian Senate's Standing Committee on Economics announced its inquiry into private equity, noting that private equity may often include ...