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Private equity backers fail in aim to boost targets' productivity, says study

View of the London Stock Exchange from above

Publicly listed firms that are subject to a private-equity buy-out see their performance fall further behind industry rivals, according to research by three academic institutions.

The study compared all 105 listed UK firms that went through a PE buy-out between 1997 and 2006 against firms of a similar size and industry sector.

Researchers at Warwick Business School, Cardiff

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