How Dick Smith was spun from a pig into a princess

Want to know how to turn $10m in to $520m in less than two years? Just ask Anchorage Capital. The private equity group has pulled off one of the great heists of all time, using all the tricks in the book, to turn Dick Smith from a $10m piece of mutton into a $520m lamb.

This is a bonkers story. How to go from zero to half a billion in two years, by financially tarting up an iconic retail brand.

Judging by the current stock price, the jig is now up.

Source: Dick Smith is the Greatest Private Equity Heist of All Time – Forager Funds