HEC in the Press

PE players beat the buy-and-build curse

unquote.com, 17 January 2013

Many academic research papers published in the past 20 years have come to the conclusion that bolt-on acquisitions have the tendency to fail rather than succeed. A study written last year by Professor Oliver Gottschalg of HEC Paris, in association with GP Industries & Finances, looks at how fund managers fare compared to their corporate counterparts

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