Big private car retailer DVG Automotive Group has released its results for the 2015 financial year, showing a tightening economy had not significantly hit its sales ahead of the sale of a majority stake to Japanese interests.
A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.
DVG Automotive Group managing director Lou Di Virgilio has achieved a rare feat, selling a majority stake in his family business for $120.6 million, which equates to the kind of earnings multiple that only ASX companies normally attract.
