Spotless misses the mark

Someone somewhere must be happy to buy shares in Spotless Group – or at least its bankers think they will be – but it isn’t us and we have no idea why they would.Spotless was taken private by Pacific Equity Partners in 2012 and already they’re back trying to offload half the company. You might think that two years isn’t enough to turn a business around and you’d be right, but more on that in a moment.Spotless is Australia’s largest provider of outsourced business services, taking care of the fiddly jobs that companies would rather not bother with themselves. In 2013, the...

Someone somewhere must be happy to buy shares in Spotless Group – or at least its bankers think they will be – but it isn’t us and we have no idea why they would.

Spotless was taken private by Pacific Equity Partners in 2012 and already they’re back trying to offload half the company. You might think that two years isn’t enough to turn a business around and you’d be right, but more on that in a moment.

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