TPG agrees $698m buyout of Australia's Greencross
Australian pet care company Greencross has agreed to be taken-private by TPG Capital at an enterprise valuation of A$970 million ($698 million) and an equity valuation of A$675 million. The deal comes nearly three years after a A$720 million bid from TPG was rebuffed.
This is the seventh PE-backed public-to-private bid announced in the past six months in Australia, following offers for Sirtex Medical, Scottish Pacific, Healthscope, Navitas, MYOB, and Capilano Honey....
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