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The entrepreneur and wife Kate have proved to be savvy property traders, while billionaire David Teoh’s sons have become neighbours on Sydney’s north shore.
The South African owners are seeking to progress a sale of David Jones by next year.
Teoh Capital is mulling a bid for the storied department store chain, along with Phil Cave’s Anchorage Capital Partners.
Anchorage Capital Partners is preparing to flex its muscles at David Jones, showing owner Woolworths that it has the funding and expertise to turn around the struggling retailer.
TPG scion Jack Teoh has partnered with 22-year-old Brisbane investor Ishan Haque to raise a $50 million fund targeting crypto and NFT deals throughout the much-hyped metaverse.