Brait: now for the private equity raiders
The irony of the company’s rescue by a private equity firm is not lost on its investors, who’ll still need much patience
05 December 2019 - 05:00
Scepticism abounds that a sweeping overhaul at Brait will finally deliver some cheer to its long-suffering shareholders — former retail tycoon Christo Wiese included.
But Stuart MacKenzie, the CEO of Ethos Private Equity, which is pumping R1.3bn into Brait, stresses that a value unlock is still on the cards...
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