The hands of private equity have touched many parts of British business. Adam Bernstein investigates
Often leading to a change in business ownership, or at the very least new faces in the boardroom, private equity is seen by some as leading to the tarnishing of a brand and the potential for asset stripping. The reality, however, can be very different and a force for good.
For example, after being on the brink of complete collapse, Patisserie Valerie and 2,000 of its jobs were saved after Causeway Capital Partners backed a February 2019 management buyout to rescue the firm. The deal value was not disclosed but is thought to be in excess of £17m. And mid-March, Italian group Investindustrial bought a majority stake in the Morgan Motor Company. Again, there were no financial details given.
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