Secondary PE Buyouts Not A Good Sign: BlackstoneMani
The high levels of secondary buyouts in Europe are not a sign of good health for private equity industry, feels Blackstone Group L.P. (NYSE:BX)’s global head of private equity.
Joseph Baratta of The Blackstone Group L.P. (NYSE:BX) feels the increasing popularity of private equity firms buying assets from each other, known as secondary buyouts, doesn’t mean the market is healthy.
Secondary buyouts more than primary buyouts
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