Harvard Business Review
AUGUST 9, 2016
In phase one (buy and sell), PE investors looked for the equivalent of a “fixer-upper house” — a dilapidated company in a good industry that could be purchased at a discount and, after the business equivalent of some fresh paint and new appliances, resold for a profit. How Phase 3 Is Changing PE Companies.
Harvard Business Review
DECEMBER 22, 2016
We believe so — it is a form of governance that is much older than the public and private equity models, one developed in sophisticated Western capital markets. In addition to the hybrid alternative, Western governance models are being challenged by a mutation of the classic private equity–leveraged buy-out model.
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