sellers out numbering buyers, page-32

B/Fish - I don't think you would find too many people to disagree with you - to know if something is fair you have to know what it is you have.
I don't know about the idea of withholding the IRR as a condition of sale, could happen i suppose. At the end of the day the shares are too closely held for any of us to have too much of an influence on any sale decision.

I would have thought the sale process would be more a case of GS having tentive 'understandings' with a couple of potential buyers about a suitable metric US$ per 1P or 2P etc.
Then the IRR would crystalise the total figure for any formal offer and the potential buyers would move forward or move away.