The Carlyle Group has hired the chairman of Australia’s foreign investment review board as a senior adviser, underscoring the importance of political connections after the board blocked two bids for AusGrid.
The US-listed private equity firm has recruited Brian Wilson as a senior advisor to its Asia buyout team. He started on Monday, joining the group’s 30-strong team of senior business executives who have been hired as consultants. He will remain based in Sydney.
The move comes just weeks after Australia’s Foreign Investment Review Board FIRB which Wilson is still chairing blocked a pair of bids for AusGrid, the state-owned electricity company....
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