PEP, Unitas file counter claim over Independent Liquor sale
Pacific Equity Partners (PEP) and Unitas Capital have filed a cross claim against two senior Asahi executives in Australasia regarding their involvement in the Japanese company’s purchase of Independent Liquor from the private equity firms in 2011.
Asahi claims that PEP and Unitas overstated Independent Liquor's earnings by more than 30% ahead of the NZ$1.5 billion (then $1.5 billion) sale and is seeking damages for breach of either the Australian...
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