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It's about swapping an old, ineffective management team for a new one. PE is just a loan and a new executive team in one bundle.
by bagacrap 3y ago
It's about swapping an old, ineffective management team for a new one. PE is just a loan and a new executive team in one bundle.
- lifeisstillgood 3y agoIt's (also) this I don't get. if shareholders own enough of the company to be able to sell to PE then they own enough to be able to replace the damn management with better. That's basically the point of (active) shareholders. It seems this is an expensive way to get passive shareholders replaced with activist shareholders. it feels there is a better way.