Company bosses who bask in the limelight, enjoy the trappings of corporate life and are not used to being second-guessed by fellow executives should steer clear of private equity backed buy-outs, according to a leading figure in the industry.
Lord Hollick, former head of United Business Media and since 2005 a senior European executive of buy-out group Kohlberg Kravis Roberts, has warned bosses used to wielding “quasi-imperial powers and supported by a pliant bureaucracy” they can expect a “rude awakening“ if they move into private equity.
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