Sector specialisation puts a premium on skills

Buyout firms are having greater involvement in the strategy and potential turnover of portfolio company executives.

Firms have been recruiting or buying skills to profit from this specialisation, such as Blackstone Group's purchase of debt manager GSO Capital or Cinven's acquisition last month of half of Indicus Advisors.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump