Dick Smith: electric shock for Australian PE

The role of private equity is under scrutiny in Australia following the collapse of electronics retailer Dick Smith.

Dick Smith: electric shock for Australian PE

Every now and then a spectacular corporate failure comes along that causes a step-change in how investors apply their lenses to the market. For those who bought shares in the recently collapsed Australian electronics retailer Dick Smith, the step-change might be to insist that sponsors hold a larger residual position in a company after its initial public offering or to disregard private equity IPOs that look like a quick flip. 

Dick Smith, which...

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