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Three’s an unusually big crowd in a $3b leveraged buyout; buyer beware

When PE firms push each other to the limit, the buyer often lives to regret it. Insignia Financial is a fascinating test.

If one flaky private equity bid is barely worth the paper it’s written on, what’s three worth?

Welcome to MLC owner Insignia Financial’s mad world. Hated one year, three $3 billion-plus private equity offers the next.

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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/three-s-an-unusually-big-crowd-in-a-3b-leveraged-buyout-buyer-beware-20250205-p5l9q7