Private Equity: Friend or Foe?
27 May 2007
The growth in Private Equity deals over the past 5 years has been staggering: in 2006 more than 50 billion Euros were invested in European deals. But the PE sector is mysterious - and often attracts hostility because of concerns about job losses, governance standards and lack of transparency.
What lies behind the rhetoric? How does Private Equity work? What are the models PE firms utilise to target acquisitions and drive improved performance - including executive remuneration post-acquisition?
The Breakfast Briefing:
PARC is fortunate in that Lisa Stone, COO of Hg Capital, a leading UK Private Equity firm, agreed to help explain the industry to us at a Breakfast Briefing.
Established in 2000, HgCapital is a leading investor in the European private equity market. The successor to Mercury Private Equity, which itself was acquired by Merill Lynch in 1997 management led a buy-out from Merill Lynch in 2000 and renamed the company HgCapital.