FINANCE
is currently owned by Pacific Equity Partners , a Sydney-based private equity firm which paid $ 440 million in 2007 . Like Medibank , Hoyts will be listed on the ASX this December , after more financial advisors are hired and an investor roadshow of sorts through Asia , Europe and North America occur in November .
Hoyts has undergone a series of recent restructuring moves in preparation for a change of ownership . These include the promotion in February of Damian
Keogh from Val Morgan to Hoyts CEO , the shelving of plans to launch a wholly-owned online video operation , Hoyts Stream , and the departure of a number of senior executives .
Australian Optimism With all of the positive market activity coming out of Australia , the country has become a bright spot for economy and commerce in the Asia-Pacific region . According to data from Thomson Reuters , if the Medibank IPO goes forward in 2014 , it will cement the
18 October 2014