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Dick Smith, Burger King, David Jones: Is it third time lucky for Anchorage?

Anchorage Capital Partners has seemingly disproved the proverb that opportunity seldom knocks twice. In fact, for the private equity firm, chances have been plentiful. Anchorage struck gold with the $20 million acquisition of the Dick Smith consumer electronics chain from Woolworths Group in November 2012.  Anchorage Capital floated Dick Smith on the Australian Securities Exchange with an enterprise value of $520 million less than two years later, reportedly giving Woolworths a modest slice
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