My brother in law is an investment banker in NY and he told me that THL Partners and Liberty Lane (the private equity owners) are starting to actively look for buyers for inVentiv. Of course any company owned by flippers is always for sale, but it looks the musical chairs game has started in earnest.
The debt borrowed to buy all the companies that make up inVentiv has gotten unmanageable and they want to bail and get what they can for their investors.
It will be interesting to see if they sell it in pieces or pass on the whole hot potato. Since they will likely want $2 billion+, I can't imagine what company could afford or would want all the parts. Way too many redundant offerings, unneeded infrastructure, high salaries to inherit and an expensive and inefficient decentralized structure (too many offices, in too many places). Not to mention the negative effects of Obama Care and dwindling opportunities for direct selling to doctors...
The debt borrowed to buy all the companies that make up inVentiv has gotten unmanageable and they want to bail and get what they can for their investors.
It will be interesting to see if they sell it in pieces or pass on the whole hot potato. Since they will likely want $2 billion+, I can't imagine what company could afford or would want all the parts. Way too many redundant offerings, unneeded infrastructure, high salaries to inherit and an expensive and inefficient decentralized structure (too many offices, in too many places). Not to mention the negative effects of Obama Care and dwindling opportunities for direct selling to doctors...