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Old 06-16-2015, 03:01 PM
 
Location: Jawjah
2,468 posts, read 1,918,280 times
Reputation: 1100

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Private equity giants looking to take firm private.

Report: Blackstone, Carlyle to make buyout offer for NCR | www.ajc.com
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Old 06-16-2015, 03:15 PM
 
9,008 posts, read 14,049,033 times
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I wonder if this puts the midtown move in jeopardy.
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Old 06-16-2015, 03:39 PM
 
Location: Georgia
1,512 posts, read 1,961,918 times
Reputation: 1200
Where are you getting "layoffs" from, though?
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Old 06-16-2015, 04:06 PM
 
Location: Orange Blossom Trail
6,420 posts, read 6,520,508 times
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Oh my.....time to sell my shares.
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Old 06-16-2015, 04:07 PM
 
Location: Atlanta
7,582 posts, read 10,764,755 times
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Quote:
Originally Posted by alco89 View Post
Where are you getting "layoffs" from, though?
They aren't inevitable, but context of the situation... something will change and the company would switch gears. If a company switches gears it will usually be met with a combination of layoffs and possibly some new hires to match the new needs.

They have had lackluster performance and invested heavily in new ventures that aren't quite panning out as hoped.

The private equity firms will either dismantle the new ventures and look for an early profit and refocus the company on its older solid product (and likely sell it off later once it is more profitable)

or they will take the new part and foster it with another company to combine patent power, client bases, or resources to make it work.

They wouldn't invest the money if they didn't see a way forward and had a strategy.
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Old 06-16-2015, 04:13 PM
 
Location: Jawjah
2,468 posts, read 1,918,280 times
Reputation: 1100
Quote:
Originally Posted by alco89 View Post
Where are you getting "layoffs" from, though?
See what just happened to BLINQMedia

Gannett shuts down Atlanta's BLiNQ Media - Atlanta Business Chronicle
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Old 06-16-2015, 04:38 PM
 
Location: Atlanta's Castleberry Hill
4,768 posts, read 5,436,068 times
Reputation: 5160
Quote:
Originally Posted by ATLTJL View Post
I wonder if this puts the midtown move in jeopardy.
Ask Atlanta Business Chronicle the same question on their facebook page and paper replied back to me and said the project will still go forward in midtown.
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Old 06-16-2015, 09:29 PM
 
9,008 posts, read 14,049,033 times
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How would the Atlanta Business Chronicle know the answer to that question? I bet the management at NCR doesn't even know.
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Old 06-17-2015, 07:08 AM
 
Location: Jonesboro
3,874 posts, read 4,693,993 times
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^^^Exactly @ 6:07 pm & 11:29 pm..
Private equity giants & other firms that takeover businesses have a well-earned rep going back many years for cutting up, dissecting, chewing up & spitting out the remnants of their takeover targets once they've gotten what they wanted out of them. An underperforming firm, as determined by the takeover firm, is particularly vulnerable to the dissecting axe.
Back in the 1980's, the corporate raiding style of business as represented by the practices of Kohlberg, Kravis & Roberts helped make Wall Street singularly unpopular/hated by some segments of American society.
As for NCR & it's relation to metro Atlanta, time will only tell what such a deal would mean for NCR & it's units here, it's employment levels in metro Atlanta & it's planned corporate hq relocation into Midtown.
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Old 06-17-2015, 08:09 AM
 
364 posts, read 418,107 times
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Quote:
Originally Posted by rorqual View Post
BLINQ only had 50-200 employees. NCR has 30,000. I don't think you can draw any comparisons of the two. Also First Data went private via KKR and is doing quite well and still is HQ in Sandy Springs area, they have an employee count closer to NCR's.
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