If there was any lingering doubt, AustralianSuper's decision to again team up with private equity fund BGH Capital with a $2 billion bid for education company Navitas makes clear the country's largest super fund is all too ready to use its equity stakes to take companies private.
At the very least, it's likely to have put the 25 other ASX-listed companies in which AustralianSuper holds a substantial stake, on notice.
Loading...
Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
