Private Equity Expertise Is An Illusion

No one will ever again believe a private equity guy when he says he has special skills in valuing corporate assets and managing companies.

KKR has seen to that with a series of gross miscalculations about the value of NXP since buying the company in 2006.

When it bought 80% of NXP in 2006, KKR paid €6.4 billion - then worth $8 billion - for the stake, putting a value of $10 billion on the whole of NXP.

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