Mastodawn

While markets chase noise over oil and tech, H.I.G. Capital secures $4.5bn through real exits. The $1.8bn sale of Celerion confirms: value isn't in ROI-less Capex traps, but in solid industrial assets. Mainstream narratives distract; financial facts prevail.
#PrivateEquity #Investing #ValueCreation #HIGCapital #Macro

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Cory Doctorow Jun 2, 2023

#HIGCapital is a $55b fund that owns #TKCHoldings, who got the contract to feed the prisoners at 400 institutions. They got the contract after the prisons fired #Aramark, owned by PE giant #WarburgPincus, whose food was so inedible that it provoked riots. TKC got a million bucks extra to take over the food at Michigan's Kinross Correctional Facility, then, incredibly, made the food *worse*.

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