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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.

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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