Jun 21, 2017
A PE firm has announced the acquisition of iWave Information Systems, a business that offers services to non-profit players.
When a PE firm buys a business it does not understand, it usually hires a specialist the management trusts, to run the business. After certain time has elapsed, the firm begins scouting for a buyer who may want a stake. So doing, the PE firm hopes to recoup its investment and also reap profit. That is the theory. We will see how the new owner plays their card in this case...