I agree, the previous management totally screwed up. They aimed for the sky, below a tonne of $ which didn't really get them anywhere.
I used to work for one of the portfolio companies as well and they're still going strong, I think most of the retained companies would be going quite well. It's just a matter of repaying all that debt.
One day though, these guys will get back into the game, especially with Hannan at the helm.
underlying performance, page-5
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