Dick Smith float flagged: report
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Private equity group Anchorage Capital Partners has tasked Goldman Sachs and Macquarie Group (MQG) with exploring strategic options including an initial public offering for electronics retailer Dick Smith, The Australian Financial Review reports.
According to the newspaper, Anchorage made the move after buying the retailer from Woolworths for just $20 million and turning the group's earnings around.
Anchorage met with a handful of investment banks in July to spruik the retailer's forecast profits.
Dick Smith recently struck an exclusive co-branding deal to run David Jones's (DJS) electronics business.
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