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Also workplace shootings. I bet Arise corporate offices have good security, and those guys are paid well.
by gorbachev 4y ago
Also workplace shootings.
I bet Arise corporate offices have good security, and those guys are paid well.
- lotsofpulp 4y agoI doubt it. It is probably a low margin business that gets pumped up with debt and passed around PE firms / family offices at increasing multiples due to low interest rates. It was bought and sold a few years ago by this family office in Dallas: https://www.straitlanecapital.com/news_post/strait-lane-announces-sale-of-arise-holdings-inc/ https://www.straitlanecapital.com/news_post/strait-lane-anno... https://www.crunchbase.com/organization/strait-lane-capital-partners https://www.crunchbase.com/organization/strait-lane-capital-... Then Warburg Pincus thought they could flip it, so they bought it: https://vivtera.com/ https://vivtera.com/ https://www.vccircle.com/warburg-pincus-backed-vivtera-acquires-business-process-platform-in-debut-deal https://www.vccircle.com/warburg-pincus-backed-vivtera-acqui... https://www.vccircle.com/warburg-pincus-backs-indian-it-execs-to-buy-build-bpm-biz-with-1-bn-commitment https://www.vccircle.com/warburg-pincus-backs-indian-it-exec... As you can see, all the executives at Vivtera are Indian, and have a background at Genpact, so they have connections and know how in India for setting up cheaper labor call centers or whatnot. They probably are paid well by Indian standards, but the big money is in being able to find the financing to flip these businesses, like what Straight Lane and Warburg Pincus do.