The proposed merger of the Cordish Dixon private equity funds has been called off after investors voiced their disapproval with the plan to unite them into a single $650 million unlisted fund.
In a statement to the Australian Securities Exchange on Monday, E&P Investments, the responsible entity for the three ASX-listed funds and one unlisted fund, said it had decided to withdraw the proposal ahead of the November 7 votes.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
