Re:Intuit sells Quicken to private equity firm in management...
by shostack on Friday March 04, 2016 @08:24PM
(#11227962)
Since it is a private equity firm, what makes you think they are interested in doing anything other than gutting the business?
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Re:Intuit sells Quicken to private equity firm in management...
by L_Rahman on Friday March 04, 2016 @10:03PM
(#11228235)
I work at a PE-owned company (over 20 years in PE ownership now) and the strategy is to seek growth, not to cut costs by shedding headcount.
Caveats:
1. This is anecdotal evidence, and many PE firms actually do buy companies with the intention of firing people.
2. I don't know whether this is the most common activity or just generates the most press/attention. I would be pretty interested in a statistic that looks at PE company acquisitions and compares company headcount at entry and exit.