Buyer beware – Dick Smith

Less than a year after buying troubled electronics retailer Dick Smith, its private equity owners want five times their purchase price.

Did Woolworths (WOW) make a huge mistake? Or is the proposed float of Dick Smith just another example of private equity owners bailing out with the cash?

Less than one year after Woolworths dumped the electronics retailer at a massive discount, Anchorage Capital is looking to float the company on the stock exchange.

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