Coastal Capital joined debt specialists to seek board spill in Billabong International Ltd.
Billabong announced that they are studying competing proposals for new refinancing.
U.S. private equity firm Bain Capital LLC has matched a $700 million takeover offer for Australia's Billabong International Ltd (BBG.AX) from TPG Capital .
News and developments in Asia private equity from Reuters News for the week ending August 31.
News and developments in Asia private equity from Reuters News for the week ending July 27.
The board of Billabong International is seriously considering a A$694 million ($713 million) offer from private equity firm TPG Capital.
Australian surfwear company Billabong International is selling stock to existing shareholders to raise A$225 million.