The document discusses the challenges and strategies related to private equity portfolio companies, particularly in the context of business combinations and initial public offerings (IPOs). It highlights the increasing holding period of portfolio companies, the potential for acquisitions as a means of going public, and the conflicts of interest that may arise for management and directors. The document also outlines the fiduciary duties of officers and directors, the conditions under which they may present business opportunities, and the potential for financial advisory fees in connection with business combinations.
documents/vol00010-efta01366352-pdf.pdf
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