Turn­around Gu­rus

The Economic Times - - Companies: Pursuit Of Profit -

Global pri­vate equity firms are keen on pick­ing up stressed as­sets in the power sec­tor from banks. And, given their scant ex­pe­ri­ence in the seg­ment, they’re eye­ing part­ner­ships with re­puted In­dian com­pa­nies pos­sess­ing the man­age­ment band­width to turn around such lag­gards. A se­nior ex­ec­u­tive at a busi­ness house with in­ter­ests in di­verse busi­ness seg­ments said PE firms are of­fer­ing man­age­ment fees and bonuses for mile­stones achieved, in ad­di­tion to a right of re­fusal once com­pa­nies are prof­itable and put on sale.

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