The hottest new accessory for A-list actresses and celebrities, if you can believe it, is a private equity boyfriend. Maybe they can spot a trend early, because the evidence in the Australian sharemarket is that private equity is a very attractive place to be right now.
The latest private capital raid of unloved ASX industrials occurred in August as Sweden’s EQT and Canada’s Brookfield lobbed bids for Cleanaway and Reliance Worldwide worth $9.4 billion and $4.1 billion respectively.
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