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Investor-managers do their dirty work in public

Published: March 8 2007 20:16 | Last updated: March 8 2007 20:16

Misys, Spirent and SMG are case studies

Company doctors – like naval surgeons – almost always operated on their patients in the public eye. It could be bloody, but it often seemed to work. Private equity firms’ mission owes less to the trauma-room than to the rehab ward. But this comparatively mild therapy must be carried out in the seclusion of a private sanatorium. Why?

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