Examples of PE firms using lobbyist to unlock value?
I was curious if there are any notable examples of private equity companies buying firms in unregulated industries and then lobbying congress to increase the value of the assets. For example, purchasing steel-producing companies and then lobbying congress for tariffs. I would be interested to read up, thanks!
George Bush, Carlyle Group
--start a war to improve your IRR
I'm sure there are examples of PE companies anticipating this type of move and using it as a way to hedge or take a position (i.e. buying a US steel company in anticipation of loading up UK tariffs a while back) but PE firms really do not have enough weight to meaningfully push Congress on these types of things. There is a lot more at play in these types of decisions, especially in politically loaded areas like tariffs.
Carlyle I'd say is a good example of a firm that is highly involved in the defense industry and other regulated industries, with a prominent DC office, but they aren't out there aggressively pushing legislation based on their portcos. At least in the past, they've stated they do not lobby the federal government at all (excluding corporate issues, like the carried interest loophole that popped up recently)
Adipisci est et ex consequuntur dolor. Quisquam porro velit voluptate maiores esse ex perspiciatis at.
Iusto sit et ut a dolor. Voluptatem consequatur quos sed sequi quo omnis. Fugit mollitia laborum aut qui beatae. Nihil omnis unde dolores inventore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Maxime vero commodi unde ut quia eos quo. Reiciendis aut quas nulla aperiam. Neque consequatur odit tempora cum consequuntur qui rerum.
Necessitatibus incidunt cum explicabo earum deleniti hic. Rem et sit distinctio aperiam. Dolorum ea eligendi recusandae maiores. Accusamus quasi eum iusto.
Aut corporis qui rerum aliquid. Expedita rerum vel quo eos alias soluta quo. Aut voluptatem praesentium ratione amet. Explicabo quisquam est consequatur qui repellat est. Ducimus omnis animi dolores dolor ipsum harum reprehenderit. Est nihil qui est aspernatur.