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Nah. PE gets a bad reputation for asset stripping shit but that's not most of it. The LBO guys generally understand they need to maintain software for the busin
by collegeburner 4y ago
Nah. PE gets a bad reputation for asset stripping shit but that's not most of it. The LBO guys generally understand they need to maintain software for the business to cashflow and make payments and the growth equity funds obv want the business to improve. Another positive is PE has longer hold periods and less liquidity, public markets have a lot more pressure of "oh shit the share price is down 15% start firing and doing buybacks". And yeah there are distressed guys who will go in and gut a place but tbh they don't usually get involved unless something bad is coming regardless. Like if a distressed fund is trying to acquire your company somebody about to get laid off regardless of whether they buy it or not.