Macquarie Asset Management has a seat at the table among the world’s biggest investors. And that accolade derives from its infrastructure dealmakers’ phenomenal success in Australia, before the Silver Doughnut replicated the model around the globe, wrapping its tentacles around hundreds of billions in assets.
But MAM’s suits have got a messy problem on their home turf, and there’s more than just money on the line. Street Talk understands MAM has cobbled together a rescue plan for its struggling waste management business, Bingo Industries, which it bought for $2.3 billion four years ago and has struggled to whip into shape since.
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