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Brookfield in Australian PE hall of shame for huge Healthscope loss

The Canadian giant and its investors put in $2 billion and are getting nothing out. If it is not the biggest loss in Australian private equity, it is in the top three.

Australia has a long history of big private equity bets going bust.

Most of them were foreseeable with a bit of hindsight – risky bets in cyclical industries like media, tourism and retail on companies that couldn’t handle private equity-sized debt loads in a downturn.

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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

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    Original URL: https://www.afr.com/chanticleer/brookfield-in-australian-pe-hall-of-shame-for-huge-healthscope-loss-20250513-p5lynf