Comment by dmurray
2 years ago
Maybe Dell? Not exactly a consumer darling, but certainly a successful story for a PE LBO.
There was a side plot of "PE partners with charismatic former founder", but the main story was PE cost-cutting, layoffs and loading the company up with debt.
That has more to do with Silverlake capital preferring steady, regular cash flows. They like to buy up and hold and just run things like a normal business, no MBA shenanigans.