Re:Private equity bought out your doctor and bankrupted Toys...
by mistrial9 on Tuesday June 13, 2023 @04:53PM
(#36317097)
that is the Warren Buffet model.. who can complain? not everything goes that way.. congrats on the successful transition
Re:Private equity bought out your doctor and bankrupted Toys...
by SirMaster on Tuesday June 13, 2023 @05:23PM
(#36317603)
Just from what I hear it seems like most go bad. Though I have to assume it's also a case of people are more inclined to complain when things go poorly.
I mean why would people write comments about how such a thing went smoothly and well. People do now and again but not usually spontaneously.
Part of why I felt I should share my own experience. Hard to know what % of PE acquisitions the workers end up liking vs. hating, but I bet it's not as many bad cases as it seems from media or online comments.
A PE bought a majority stake in the company I work for which for 40 years was a family owned company.
They said they were financial partners only, non-operational and they bought because they liked how we were.
It's been years since and things have only gotten better as far as I am concerned. I mean they were pretty great originally when the family owned it and I had no complaints, but the culture and engagement and such has only gotten better, and the company is growing faster and becoming even more profitable than ever before as well.