First Exlibris, then Endeavor and now SirsiDynix
SirsiDynix was acquired for $1B by Vista Equity Partners, another private equity..............................
No wonder why some people are queueing for Ferraris
Friday, December 29, 2006
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2 comments:
Why do you think they were acquired for $1Bn ?
Read the press fully and all it actually tells you is that the purchase was funded out of a $1Bn fund, not that they paid that sum. It's a big difference. Given the corporate turnover it would be much much less than that.
If it's too high they'll be looking at where they squeeze the margins to get more out. Pain on the horizon, or more accurately Unicorn or Classic.....
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