APM’s major private equity backer Madison Dearborn Capital Partners has valued the company it helped usher onto the Australian Securities Exchange less than three years ago at just a fraction of its listing price.
The embattled employment and disability services provider emerged from a more than week-long trading halt on Monday to reveal that Madison Dearborn had bid “a disappointing” $1.40 a share to sweep up the 70 per cent of the company it doesn’t already own and take it back into private hands.
Source Agencies
