macquarie doesn't move on bbi

Sheesh ... entire thread moderated.

I was quite enjoying the speculation as to the likely recap partner and the likely structure of the deal.

For what it is worth ... still don't think it will be a sovereign wealth fund ... the balance sheet surgery will be too great. A more aggressive private equity fund is likely ... they have the taste for the restructure risk. Given the nature of the assets ... it has to be an existing Australian player.

Still think it makes sense for Macquarie.