Finding love the second time around

Headline: Finding love the second time aroundSource: EuromoneyDate: July 2001         Carol Kennedy A private equity investment is for life, or at least until an IPO or trade sale comes along – right? Not necessarily. With IPOs and trade sales proving tricky to pull off today, selling to another private equity firm […]

Headline: Finding love the second time around
Source: Euromoney
Date: July 2001

       
Carol Kennedy
A private equity investment is for life, or at least until an IPO or trade sale comes along – right? Not necessarily. With IPOs and trade sales proving tricky to pull off today, selling to another private equity firm is becoming more common.

This type of pass-the-parcel deal often takes place just before a firm goes out fund raising. Investors want to see at least some of their capital back before they commit any more money to a fund.





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