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> 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
by 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.