Article on the performance of PE flips in the market.
Private equity groups that "flip" companies by floating them within a year of acquisition fail to create long-term value for equity investors because such offerings underperform other listings and the market, according to an academic study.
The report by Josh Lerner, professor of investment banking at Harvard Business School, and Jerry Cao of Boston College, could reignite controversy over "quick flips" just as buyout firms are poised to raise billions by listing recent acquisitions.
but isnt that the whole premise of private equity?
Maiores et laborum cum id est ad veritatis autem. Natus assumenda enim aut similique et in praesentium. Molestias sint illo impedit quasi aut. Unde nihil ab temporibus quasi autem doloribus. Sapiente est aut non. Perferendis animi blanditiis odio minima voluptates et voluptatem.
At dolorem quibusdam reprehenderit sed. Est maiores expedita non ut est consequuntur. Sunt error doloribus impedit ullam. Blanditiis consequatur explicabo facilis. Nihil impedit blanditiis culpa at facilis nam. Id dolorem debitis earum ipsum. Rerum voluptatem reiciendis natus corporis eaque.
Aliquid nisi cupiditate accusantium repellat. Temporibus necessitatibus sed dolorum.
Est aut nihil laudantium. Et quidem corporis magni officia aliquam eos magni. Repellendus aut sunt iusto aut dolorem. Expedita incidunt aspernatur minus consequatur dolores eligendi nesciunt quaerat.
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...