It is clear that the private equity investors will be able to extract a significant amount of value from the company in relatively few years. That is what they do!
If VNU's management doesn't know how to do it and needs help from private equity, VNU shareholders have every right to look for a change in management to achieve that greater value for themselves, rather than sell cheap today.
Onésimo Alvarez-Moro
See article:
When in January a private equity consortium said that it was prepared to pay up to €7.3bn (8.6bn) for VNU it seemed like a welcome end to the Dutch business information group's stormy relationship with its shareholders. In fact it could prove to have been merely the beginning.
Having achieved a run-up in the shares after seeing off management's plan to buy IMS Health, a US market research company, for $7bn and securing the resignation of Rob van de Bergh, the chief executive who proposed the deal, it was widely assumed that investors would want to wash their hands of the company.
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