Private Equity

Godzilla Vs Kong As Private Equity Titans Battle It Out For Packer’s Crown

by brisbanetimes.com.au posted 5months ago 22 views
Both Blackstone and Oaktree Capital Management are attempting to capitalise on the billionaire casino mogul’s position as a stranded-owner. : US private equity giant Oaktree Capital Management has proposed a $3 billion deal that will deliver it de facto control of Crown, avoid the probity net, and remove James Packer as a 37 per cent shareholder. It’s audacious, it seems clever and it certainly has the flavour of a payback It might not fly but at least Packer now has two US private equity giants attempting to cash in on his wounded-shareholder status.

In this article