PublishedXoum, June 2016 |
ISBN9781681020808 |
FormatSoftcover, 320 pages |
Dimensions22.9cm × 15.2cm |
In September 2007, Morgan Stanley bought The Investa Property Group, one of Australia's premier property companies, for around $6.5 billion, including about $4.5 billion in debt. It was one of the largest "take-private" leveraged buyout transactions in Australian history.
Within a year, however, Investa was in serious financial trouble and in danger of collapse. Failure of this investment during the emerging GFC would have threatened several Australian and other global banks. Scott MacDonald, a seasoned American real estate executive with a history of successful corporate turnarounds, agreed to go to Sydney in June of 2008 for a week and review the Investa situation. Five years later, he returned to the US.
Saving Investa is the extraordinary true story of how a company, taken over by private equity funds relying on excessive levels of debt, survived against all reasonable odds, and a remarkable tale of an ex-factory worker who triumphed at the big end of town.
Saving Investa was a Finalist in the Business category of the 2017 Next Generation Indie Book Awards.
