Make no mistake, in a private equity acquisition like this where the company is earning around $50mil profit on a billion dollars revenue, they will cut costs to make their money back.
This PE firm led acquisition of Zendesk for $10bil in 2022 and McAfee for $14bil in 2021
They've spent over $30billion dollars on just these 3 acquisitions in 3 years. Many of which would be part financed.
This PE firm led acquisition of Zendesk for $10bil in 2022 and McAfee for $14bil in 2021
They've spent over $30billion dollars on just these 3 acquisitions in 3 years. Many of which would be part financed.
Culture after zendesk goes acquired (including 8% layoffs 2023) https://www.teamblind.com/post/Zendesk-changes-after-going-p...
Squarespace financials https://stockanalysis.com/stocks/sqsp/financials/
More info on this PE firm https://en.m.wikipedia.org/wiki/Permira