March 2013 Vol. 18 No.3
Leaning on the wrong people
Category: Australia, China, Asia-Pacific
By Paul Mackintosh – February 25, 2013
Asia Pacific private equity seems to be coming out in a litigious rash. In Australia and New Zealand, units of Japanese beverages giant Asahi Group, Asahi Holdings Australia and Independent Liquor New Zealand, have reportedly brought suits in the Australian Federal Court against leading regional buyout firms Pacific Equity Partners and Unitas Capital over the sale of local brewing asset Independent Liquor, alleging misrepresentation of the earnings of the asset when it was sold in 2011.
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