Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

SurfStitch Group (ASX:SRF), in a press release today (10 March 2016), announced that Group CEO and Managing Director, Mr. Justin Cameron has submitted an email to the Chairman stating his resignation from all positions with the Group with immediate effect.The catch? SRF understands that Mr. Cameron is pursuing an opportunity relating to a potential acquisition of the Company in conjunction with private equity. The language of the announcement suggests that the maneuver from the ex-CEO came as surprise to the company.In this insight, we examine the potential bid that the PE firm might put in for SRF as well as the timing for the highly anticipated bid. This situation may seem similar to the failed sale of Billabong to PE buyers back in 2012, but on closer inspection, one will see that there is a huge difference between the two situation.

SurfStitch Group (ASX:SRF), in a press release today (10 March 2016), announced that Group CEO and Managing Director, Mr. Justin Cameron has submitted an email to the Chairman stating his resignation from all positions with the Group with immediate effect.The catch? SRF understands that Mr. Cameron is pursuing an opportunity relating to a potential acquisition of the Company in conjunction with private equity. The language of the announcement suggests that the maneuver from the ex-CEO came as surprise to the company.In this insight, we examine the potential bid that the PE firm might put in for SRF as well as the timing for the highly anticipated bid. This situation may seem similar to the failed sale of Billabong to PE buyers back in 2012, but on closer inspection, one will see that there is a huge difference between the two situation. 

SurfStitch - Tide Changes and the CEO Switches Surfboards

Surfstitch

SurfStitch - Tide Changes and the CEO Switches Surfboards