
An Australian-Asian story
Australia is the exception in Asian private equity: a market in which buyouts are routine, leveraged finance is readily available and entry and exit activity is relatively transparent. It is, one is tempted to say, Japan without the intrigue and inscrutability.
Yet the country is increasingly part of the Asian story. Those with long memories can point to the influx of Japanese investment 20-plus years ago as Tokyo, Yokohama and Osaka sought to secure commodities...
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