US EditionBC Partners Facing Management Revolt at Portfolio Company United Group
4 Articles
4 Articles
United Group CEOs in individual countries are protesting the ouster of founder Dragan Šolak. The management of key operating subsidiaries of BC Partners have supported the founder and CEO who were ousted by the British private equity group.
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n1info.rsBC Partners is facing a growing rebellion at one of its largest portfolio companies, United Group, after executives from its key operating subsidiaries expressed support for the founder and CEO who was ousted by the British investment firm, the Financial Times reports.
BC Partners facing management revolt at portfolio company United Group
BC Partners is facing mounting internal resistance at United Group, one of its flagship portfolio companies, as senior executives protest the ousting of the telecoms company’s founder and CEO by the London-based private equity firm, according to a report by The Financial Times. Eight country-level chief executives from United Group’s operating subsidiaries – which collectively contribute approximately 90% of the group’s cash flow and 70% of EBIT…
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