Value creation in Private Equity
Summary
Written transcription
Frédéric Stolar: First of all, I'd like to come back to a misconception about Private Equity. People tell me Frédéric Private Equity creates value by cutting jobs and de facto lowering costs. This is totally false. Private Equity creates far more jobs than French industry in general. On average, French Private Equity creates 6.9% net new jobs per year, compared with a national average of 1.8% in private companies. So Private Equity creates far...