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Efficiently is a bit of a stretch. I worked at a company making consumer electronics that got bought by PE. They promptly drained all accounts and just ran th
by edrxty 3y ago
Efficiently is a bit of a stretch. I worked at a company making consumer electronics that got bought by PE. They promptly drained all accounts and just ran the company on minimum possible funding such that they never got to make any capital investment or perform any R&D.
As others have stated, great short term, it's going to absolutely bite us in the ass shortly thereafter.
- jeffreyrogers 3y agoIt depends on the PE firm and the company, but the median PE acquisition outperforms its peer group even after the PE firm has exited. Of course there are plenty of cases where that hasn't happened and plenty of cases of mismanagement by PE firms but at least statistically they aren't the norm.