A bunch of Australian small-cap funds have a private equity firm over a barrel – and there are signs it is starting to wince.
At stake is the future of back-from-the-almost-dead vessels owner MMA Offshore, which is rollicking after a life-saving recapitalisation less than four years ago.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
