The battle lines for ASX-listed dental roll-up Pacific Smiles have long been drawn.
On one side, Michael Alscher’s Crescent Capital with its board and independent expert supported $1.90 cash per share bid. On the other, Chris Yoo and Michael Caristo’s Genesis Capital with its 19.9 per cent blocking stake.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
