KKR's Big Flora Carve-Out Is Looking Pretty Meager
One of buyout barons’ most sought-after targets is the “corporate carve-out.” This is the purchase of a poorly performing division of a sprawling conglomerate on the assumption that private equity...
By Chris Hughes · Bloomberg
One of buyout barons’ most sought-after targets is the “corporate carve-out.” This is the purchase of a poorly performing division of a sprawling conglomerate on the assumption that private equity can run it better. KKR & Co.’s grim experience surgically removing a food business from Unilever Plc should end any illusions that such deals always offer a quick buck.