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Chemist Warehouse deal just part of David Di Pilla’s big plan

In helping to bring the retail giant and Sigma together, he is playing the long game and hopes to create a “mini Blackstone” in Australia.  

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When Chemist Warehouse chief executive and co-founder Mario Verrocchi spoke to ASX investors for the first time on Monday, after the announcement the retail giant would go public via a reverse takeover of Sigma Healthcare, he outlined a 100-year plan for growth.

David Di Pilla, the former investment banker who helped stitch together the audacious deal – and who just happens to be Verrocchi’s cousin – might not have the next 10 decades sketched out. But there’s no doubt he, too, has a big vision for his investment vehicle, HMC Capital.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/chemist-warehouse-deal-just-part-of-david-di-pilla-s-big-plan-20231215-p5erpp