Dixon set for $20m Spotless IPO payday

Spotless chief Bruce Dixon to reap $20m-plus windfall from the float of the $1.85 billion catering services firm.

Spotless chief Bruce Dixon is set for a $20 million-plus windfall from the float of the $1.85 billion catering services firm in what is expected to be one of the largest fee and profit bonanzas for private equity and executives.

The highly regarded chief executive has been credited for stripping costs out of the business to almost double earnings since the $1.3bn acquisition made by Pacific Equity Partners in 2012.

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