It REALLY matters what kind of PE you’re talking about.
Bought by a growth equity fund? Probably fine. Bought as part of a roll up? Probably screwed.
PE is like tech: similar tools, but very different firms.
Bought by a growth equity fund? Probably fine. Bought as part of a roll up? Probably screwed.
PE is like tech: similar tools, but very different firms.
They bought us not for our technology but our customer base. They intended to convert them all to their other firm's product. Little did they know that a lot of our customers had left the other firm for us because we treated them better.. So what happened is in addition to the back office staff & sales staff being laid off, they laid off the developers & testers too (they kept a few managers for a year for continuity). I realized this when the folks they sent to town refused to go to lunch with us in an rather awkward moment.