Monday, January 22

Paris encore

I return to Paris to work with my friends at Astorg Partners. We plan a trip to the US of A to meet some investor colleagues who have expressed interest in what Astord does: mid-market French LBOs. More to the point, Astorg buys and sells companies and this last year saw seven "exits" returning a median of 3.4 times cost. Not too shabby when compared to the stock market or anything else.