David Coe

Who was David Coe?

David Coe was an Australian businessman and founder of Allco Finance Group in 1979.

Coe was known for his bidding attempts for successful business companies. He unsuccessfully bid for Qantas Airline for a sum of $11.1 billion in 2006 and in 2007, he oversaw the purchase of Rubicon Property Group by Allco for $263 million. He and Gordon Fell were directors of Allco and had interests in Rubicon.

Coe stepped down as chairman in early 2008 as Allco was in debts of more than $1 billion, and many of the business' employees fled.

He died on 21 January 2013 of a suspected heart attack while skiing in Aspen, CO, United States and is survived by his wife Michelle, also three children.