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Article: Experts: Private equity funds improve as supplier owners; Other analysts think firms need to do more homework.(News)(Industry overview)
- Article from:
- Automotive News
- Article date:
- April 30, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Brent Snavely
Some auto industry experts say private equity funds bring a tough, realistic management approach to auto suppliers that is producing turnaround stories.
The funds are becoming smarter about how they approach the industry, these experts say. They are more selective in their purchases and building a deep bench of automotive veterans with operational experience.
Other experts aren't so sure - and note that private equity firms aren't always doing their homework.
Still, the latest round of private equity purchases could turn out differently from the investment roll-up efforts of the 1990s, when companies were cobbled ...