Saturday, July 29, 2006

Private Equity in Everything

Author: raj
Category: Uncategorized

Via Long or Short Capital:

The people who don’t understand private equity think it’s just a matter of finding and buying X Corp*, levering up X Corp, doing a recapitalization to take a dividend 6 months later, underperforming, doing another dividend recap 6 months later, canceling your sponsor fees while doing a third dividend recap, then taking X Corp public while paying for Czech models to be taught how to count your money in French. But it’s about that and so much more. It’s about VALUE, and looking for value everywhere.

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