It’s understandable if you failed to notice one meaty if unglamorous trend on Wall Street: Private equity’s love affair with franchising.
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Amid a strong earnings call, Blackstone announced that it is planning to take some of its portfolio companies public.
Blackstone partnered with fellow buyout expert Vista Equity Partners to take workplace software company Smartsheet private for $8.4 billion.
‘What’s more concerning is that people are just waiting and doing nothing’
‘At the end of the day, wherever that data is, it has to be protected’
Though small compared to each company’s total workforces, work stoppages have set uncomfortable precedents for management.