"Babcock & Brown has begun its disassembly process, like every other troubled firm in Australia, selling assets, stripping down to its core business. Allco is paying its executive bonuses in cash not company options. ABC Learning Centres, continues its slow descent down the path well trodden in the 80’s by the likes of Chris Whittle, the PT Barnum in the US, of the for-hire education trend twenty years ago. We’re reporting our third in-vitro fertilization clinic buyout. TPG’s hostile buyout is headed for, more hostility. The bright spot was a big, pithy, solid buyout by CHAMP Private Equity; the likes of which we love to report; no hostile takeover, no messy headlines, just quiet professionalism and get on with the business of making money, products and better firms."