OTPP bought the New Zealand Yellow pages for $US 1.6 billion in 2007[1]. Perfectly timed just as the Internet and Mobile phones took over everything (and just

OTPP bought the New Zealand Yellow pages for $US 1.6 billion in 2007[1]. Perfectly timed just as the Internet and Mobile phones took over everything (and just before the GFC hit). Just 3 years later it was a complete mess.[2] [1] https://www.forbes.com/2007/03/27/nz-yellow-pages-markets-equity-cx_vk_0326markets2.html https://www.forbes.com/2007/03/27/nz-yellow-pages-markets-eq... [2] https://www.stuff.co.nz/business/money/64397212/yellow-directory-business-to-attempt-reboot https://www.stuff.co.nz/business/money/64397212/yellow-direc...