An impressive destruction of capital.
You have to be very special to turn $7.3Bn of other peoples money into an "asset" that maybe can be sold on for $750m.
Their investors must be so pleased with this performance.
The private equity boys are preparing to flip US technology shop CDW back to the market, Reuters reports. CDW has hired bankers to deliver an IPO later this year, Reuters reports. The financial services firms are reported to be JPMorgan Chase & Co, Barclays and Goldman Sachs Group. The proposed IPO could raise about $750m, an …
first time i've heard the GENERAL boom of the noughties being described as a "tech bubble". it never was a "tech bubble". the reason the uber-bubble happened was thx to alan "the financial genius" greenspan and his hapless and hopeless buddy, mervyn "mr bean" king at the BOE leaving credit way too low for way too long ..