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Did you take this straight from a PE playbook? Debt is what makes PE (and banks) money. That is why it exists. You think Apax and TPG trashed Hellas because t
by jsprogrammer 11y ago
Did you take this straight from a PE playbook?
Debt is what makes PE (and banks) money. That is why it exists.
You think Apax and TPG trashed Hellas because they were interested in making its management "more effective"? Is that why they redeemed 1 billion euros right after the purchase? To reward themselves for all the debt-management value they brought to the company and its employees?
- jsprogrammer 11y agoSorry, "redeemed".
- bobcostas55 11y agoThey bought the company for 1.6b in 2005. They sold the company for 3.4b in 2007. Did this happen because they made its management less effective? Do you think people who spend 3.4b to buy a company are unsophisticated investors?