Opinion
Pact IPO roll-up brings out related parties
Few things grate fund managers more than related-party transactions. So it should not surprise Pact Group has been at pains to explain a host of related party purchases inside its $650 million-odd initial public offering.
Sarah Thompson, Anthony Macdonald and Gretchen FriemannFew things grate fund managers more than related-party transactions. So it should not surprise that Pact Group has been at pains to explain a host of related-party deals inside its $650 million-odd initial public offering.
Pact management fronted potential investors at Macquarie’s Collins Street office on Wednesday as part of the IPO roadshow and did their best to justify four purchases from private holdings of Pact chairman, Raphael Geminder.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out more