Reply to post: "private equiteers did alright"

Australia's Dick finally drops off

inmypjs Silver badge

"private equiteers did alright"

The interesting story in the Dick Smith saga is how Anchorage Capital managed to buy a $115 million business spending only $10 million and then reduce it's future value to almost nothing and sell it for $520 at the same time. Hard to believe what they did was not illegal.

https://foragerfunds.com/bristlemouth/dick-smith-is-the-greatest-private-equity-heist-of-all-time/

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