
PE players beat the buy-and-build curse
Buy-and-build strategies have become very fashionable as a way for private equity houses to create value in the post-financial crisis era, despite the notoriously high failure rates of bolt-on acquisitions by strategic buyers. A study published last year by French business school HEC, in association with GP Industries & Finances, looks at how fund managers fare compared to their corporate counterparts. Greg Gille reports
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Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
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