Private Equity Firms Articles
Buyer interest in Packer's Macau casinos
THE James Packer-controlled Crown could get an offer for its $US600 million ($675 million) stake in its Macau gambling joint venture, a US-based analyst report says.
David Bain, a gambling analyst with the Southern California arm of the broking firm Sterne Agee, said in a note to clients that the world's..read more
Harrah's seeks Crown's Macau casinos stake
THE James Packer-controlled Crown could get an offer for its $US600 million ($A675 million) stake in its Macau joint venture.
ATO chases Myer millions
PRIVATE equity firms have been put on notice that supposedly tax efficient structures for owning and selling assets such as the $2.4 billion float of the department store giant Myer Holdings may in fact attract multimillion-dollar income tax bills.
Privateers pursued over Myer tax bill
THERE would be almost no chance of recovering a $678 million tax bill against the private equity firm TPG if funds from last week's float of Myer moved offshore, a lawyer for the Australian Taxation Office warned in court this week.
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