They're not the exception of the rule, the rule is just going to kick off later for you (pre-IPO, when cost cutting measures will take place and the process described above will start)
I don't disagree, but I was more talking about the instances of PE acquisitions that get squeezed out. Obviously though you are right, at the end of the day they will want to make the business look as attractive as possible when they offload it. But to me that's still better than getting bought out to get squeezed and left to rot
mardifoufs|1 year ago