BREAKFAST DEALS: PacBrands play

Another private equity player may be in the hunt for Pacific Brands, while Gina Rinehart eyes more of Fairfax.

While we mightn’t be returning to the private equity binge days of the pre-GFC era, compelling takeover targets are continuing to attract attention from the once enormously active sector. While Pacific Brands apparently hasn’t officially heard about it yet, another private equity player is reportedly speaking to banks about financing a bid for the clothing manufacturer, which is currently locked in discussions with Kohlberg Kravis Roberts. Meanwhile, Macquarie Group is really stirring, having been named as a bidder for the enormous asset management arms of Deutsche Bank. Elsewhere, Gina Rinehart’s ambitions are said to go beyond her current 13 per cent stake and even just a seat on the board, Rio Tinto has helped BHP Billiton exit the titanium minerals business and Nathan Tinkler is always looking for a good deal.

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