Activist investor Merchant Group is back with a new target locked in, buying up a significant position in Webcentral, the struggling IT company formerly known as Arq Group and Melbourne IT.
The business has a track record of buying into companies and orchestrating board and management overhauls, having previously done this at companies such as 1-Page and now billion-dollar-plus healthcare company PolyNovo.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
