Tag Archives: Pacific Group

Pacific Consortium drops Tatts pursuit

SBC News Pacific Consortium drops Tatts pursuit

Pacific Consortium the special vehicle of London private equity firm Macquarie Group and New York hedge fund Kohlberg Kravis Roberts (KKR) will no longer pursue its AUS $7.3 billion (£4.5 billion) acquisition of Australian gambling operator Tatts Group. The deal withdrawal follows Tatts’ board decision not to review Pacific’s latest takeover bid of $4.21-per-share combined with an investor ‘dividends add-on’ which the investment firm …

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Ladbrokes Coral & William Hill eyeing Tatts wagering assets

SBC News Ladbrokes Coral & William Hill eyeing Tatts wagering assets

‘The Australian’ newspaper has this weekend reported that FTSE-listed betting operators’ Ladbrokes Coral and William Hill are eyeing the potential takeover of ASX-listed Tatts Group’s sports betting assets, should the company be acquired by the Pacific Consortium. Last week, Pacific Consortium a group of investors led by London private equity firm Macquarie and New York fund KKR made a formal AUS …

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