CDW's flight into private equity is complete

CDW, America's biggest computer dealer, left NASDAQ today, on completion of its takeover by a couple of private equity firms. They are called Madison Dearborn Partners and Providence Equity Partners, in case you're interested. Now for a canned quote from Glenn Creamer, senior managing firector of Providence Equity. "Since its …

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Posted Monday 15th October 2007 13:49 GMT

Austin Troxell

The Pendulum Swings

Thanks to US regs, viz. Sarbanes-Oxley, more and more companies are going private in an effort to avoid the expenses, hassles and potential penalties of compliance (or lack thereof).

In typical fashion, when legislators (over-) react to an event that generates a massive public outcry (Enron, WorldCom, Adelphia, ...) they rush to enact ill-conceived Draconian laws that only force companies underground.

"So, you wanna punish us as being a publicly-traded company? Fine. We'll stop being a publicly-traded company!"

Doh!

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