Private equity and brokers: Playing the long game
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Private equity and brokers: Playing the long game

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One of the most dramatic changes in US broking over the past decade has been the shift in ownership towards private equity.

There are now roughly 20 private equity-owned platforms and they dominate places 6-20 in the rankings of retailers, with the model of consolidation of small businesses supported by high levels of debt leverage proven by internal rates of return...

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