3 ms·
You are describing only 1 kind of private equity and only 1 subclass of that. But there are lots of well publicized lbo success stories as well. Hilton, Safewa
by kasey_junk 1y ago
You are describing only 1 kind of private equity and only 1 subclass of that.
But there are lots of well publicized lbo success stories as well. Hilton, Safeway, Dell, Nabisco. The list goes on.
- cloudbonsai 1y ago> Hilton, Safeway, Dell, Nabisco. The list goes on. For what it's worth, KKR's takeover of RJR Nabisco was actually a flop. KKR bought the company in 1988, and then spent 15+ years trying painfully to exit the position. It is widely believed that it was the major reason why their 1987 vintage turned out to be disappointing.
- kasey_junk 1y agoI more meant when it was successful for the acquired company, but that’s a good call out that there are outcomes that are break the meme in that direction as well.