TPG Capital received a windfall $575 million dividend from its vets and pets business Greencross last year, new accounts lodged with the corporate regulator show.
This was despite the company, which has more recently counted AustralianSuper and Canadian pension fund HOOPP as shareholders, recording a fall in net profit from $92.9 million to $70 million in the last financial year. Revenues rose to $1.8 billion compared to $1.5 billion in that time.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
