Wilbur Ross has built a successful private equity firm focused on distressed investing, WL Ross & Co. in 2006, INVESCO, an asset management company, came up to him to buy his company. INVESCO was a weak performance in recent years and hopes to increase its impact alternative assets in addition to its traditional business of investment management. Private equity industry quickly institutionalization, with firms raising funds of more than $ 10 billion and some light public offering. Sale of WL Ross & Co. could help position the company for the future. However, it can also damage the firm's culture and play "Hide
by Nabil N. El-Hage Source: Harvard Business School 11 pages. Publication Date: November 19, 2007. Prod. #: 208020-PDF-ENG
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