Emeritus Prof Christopher May on Nostr: In an extensive report on #PrivateEquity in the FT this morning, this little data ...
In an extensive report on #PrivateEquity in the FT this morning, this little data nugget appears:
in the decade up to 2022, the creation of 'value' in PE controlled firms, almost entirely reflected a rise in the scale of activity, not any increase in margins, or increases in #productivity.
In other words despite claims for #innovation & productive reorganisation, PE just increased turnover... which while not necessarily easy, is a very different & less unique story for #investors!
in the decade up to 2022, the creation of 'value' in PE controlled firms, almost entirely reflected a rise in the scale of activity, not any increase in margins, or increases in #productivity.
In other words despite claims for #innovation & productive reorganisation, PE just increased turnover... which while not necessarily easy, is a very different & less unique story for #investors!