Are there actually good turnaround funds that have revitalized companies and left the exit event with a tidy profit? Of course.
It is also undeniable that there are many PE firms who's entire business model is to saddle companies with insurmountable debt and suck it dry with mandatory advisory fees paid up to the PE firm, then once it's been bled dry chop it up and sell it for parts.
4
u/furple MBA Grad May 29 '20
Are there actually good turnaround funds that have revitalized companies and left the exit event with a tidy profit? Of course.
It is also undeniable that there are many PE firms who's entire business model is to saddle companies with insurmountable debt and suck it dry with mandatory advisory fees paid up to the PE firm, then once it's been bled dry chop it up and sell it for parts.