Publications
Publications
- November 2007 (Revised August 2009)
- HBS Case Collection
WL Ross & Co. and INVESCO
Abstract
Wilbur Ross has built a successful private equity firm focused on distressed investing, WL Ross & Co. In 2006, INVESCO, an asset management company, approaches him about acquiring his firm. INVESCO has had weak performance in recent years and is looking to increase its exposure to alternative assets in addition to its traditional investment management business. The private equity industry is rapidly institutionalizing, with firms raising funds over $10 billion and some considering public offerings. A sale of WL Ross & Co. could help position the firm for the future; however, it could also hurt the firm's culture and performance.
Keywords
Private Equity; Decision Choices and Conditions; Investment; Acquisition; Financial Services Industry
Citation
El-Hage, Nabil N., and Leslie Pierson. "WL Ross & Co. and INVESCO." Harvard Business School Case 208-020, November 2007. (Revised August 2009.)