TPG rivals mull bids for Billabong – report
The Blackstone Group and KKR are reportedly considering bids for Billabong after the Australian surfwear company rejected TPG Capital’s A$841 million ($904 million) offer but said it was willing to engage with any party that make an attractive proposal.
Sources told the Financial Times that the two global buyout firms, as well as local players Archer Capital and Pacific Equity Partners (PPE), were weighing up whether or not to enter the running. Billabong...
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