Report
Brian Han
EUR 101.80 For Business Accounts Only

Is Vocus at Risk of a Fairfax-Type Private Equity Snub?

The current private equity developments surrounding narrow-moat Vocus are similar to those that engulfed Fairfax Media in recent months. They naturally give rise to concerns Kohlberg Kravis Roberts, or KKR, and Affinity Equity Partners' separate AUD 3.50 per share indicative proposals for Vocus may also fizzle into nothing after due diligence.
There is no denying the risk Vocus may be snubbed, potentially widening the stock's current 27% discount to our unchanged AUD 4.80 per share fair value es...
Underlying
Vocus Group Limited

Vocus Group is a telecommunications provider, providing telecommunications and other services to customers across Australia and New Zealand.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Han

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