It's never been better, say Aussie buyout chiefs

Jonathan Shapiro, Shaun Drummond and Joyce Moullakis

Updated Mar 4, 2016 – 9.19am, first published at 12.00am

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Australia's private equity industry leaders are adamant an industry shake-out means fewer funds can now carve up more lucrative deals, suggesting there's never been a better time to be in the buy-out business.

The private equity industry has come under renewed fire in 2016 after companies they floated on the stock exchange – including Dick Smith and Spotless – have tanked in value, with the former collapsing in spectacular fashion. Those experiences spurred talk that investors would once again become reluctant to buy companies being divested by buyout funds.

Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.

Shaun Drummond writes on financial services from our Sydney newsroom.

Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services.