Rebel Sport and Flight Centre
Media reports in all the major news papers over the weekend have highlighted the scenarios at Rebel Sport and Flight Centre as a warning of what might happen to APA’s bid to purchase Qantas, with the the Flight Centre deal falling at the final hurdle, when Lazards refused to accept the offer $1.6b offer by Pacific Equity Partners and the Directors of Flight Centre, including Skroo Turner and the deal went hurting down the gurgler.
It also now looks likely that the same will happen at Rebel Sport with Paradice Investment Management who owns 7.69% of Rebel declaring that the share price looks cheap at current levels and potentially joining with other institutional shareholders to block the sale, with 75% support required to make the deal go through.
At Qantas and APA, 90% support is required with UBS and Balanced Equity Management owning 10% between them, with other institutional investors now also very likely to join them, with a very strong possibility that this will block the APA deal.
While retail investors seem to support these deals and like to take a relatively quick profit, it is the institutional investors that are now flexing their muscles in private equity deals as they can see potential profit the private equity consortiums will be raking in only a short time down the track and they want a piece of the action and who would blame them with such vast profits at stake!
Report by The Mole
John Alwyn-Jones
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airbnb eyes a loyalty program but details remain under wraps
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026