Harvard Business Review

AUGUST 9, 2016

These “buy, fix, manage, and then sell” PE firms were essentially umbrella holding companies while the acquired firms would become better managed before returning to the public market. KKR, BlackRock, Blackstone) became publicly traded holding companies exploiting capital markets to expand their reach.

LBO 8

LBO Restructuring Real Estate Leveraged Buy-out 8

Harvard Business Review

MARCH 21, 2013

Financial leverage (assets over equity). With Dupont in mind, we can come up with a better measurement by sub-dividing ROII as follows: Innovation magnitude (financial contribution divided by successful ideas). Operating efficiency (sales over assets). Simple questions, like "what defines an idea?" or "what does 'success' mean?"

Innovation 15

Innovation Company Disaggregation Financial Leverage 15

Harvard Business Review

MARCH 21, 2013

Financial leverage (assets over equity). With Dupont in mind, we can come up with a better measurement by sub-dividing ROII as follows: Innovation magnitude (financial contribution divided by successful ideas). Operating efficiency (sales over assets). Simple questions, like "what defines an idea?" or "what does 'success' mean?"

Innovation 8

Innovation Company Disaggregation Financial Leverage 8