VentureBeat: KKR makes $700 million investment in Sun
Eugene Cook
· 2 years ago
I don't understand what you find so confusing about his answer. Can there be no distinction made between transactions born out of "opportunity" rather then necessity.
This is the whole idea of leveraging debt for different endeavors, and is quite common practice.
Am I missing something?
Matt Marshall
· 2 years ago
Right, so he *does* need it.
Larry Dignan
· 2 years ago
Here are a few reasons for the KKR deal: he wants to float the idea Sun could go private; they may want to acquire something; just to send a message. More here: http://blogs.zdnet.com/BTL/?p=4345
Eugene Cook
· 2 years ago
@MATT
No, he DOESN'T need it is the point.
There is a different from want and need, the distinction being that there is a voluntary nature to its acceptance. Need insinuates that he has no choice.
You could argue that to fulfill his desires for the firm he needs the money, but at its core his actions are still voluntary.
And sometimes people bring on equity owners not for the capital investment they might bring, but rather more for their network or influence.
It may be a semantic argument, but I just don't see it.
Cameron Bahar
· 2 years ago
Well it paves the way for KKR to take Sun private. Private equity is flush with cash and they need to spend it. Sun is a potential candidate. Buy low, sell higher.
Sramana Mitra
· 2 years ago
May be, Jonathan just wants to get to know George Roberts, and pave way for a PE job later :-)
All Comments
This is the whole idea of leveraging debt for different endeavors, and is quite common practice.
Am I missing something?
No, he DOESN'T need it is the point.
There is a different from want and need, the distinction being that there is a voluntary nature to its acceptance. Need insinuates that he has no choice.
You could argue that to fulfill his desires for the firm he needs the money, but at its core his actions are still voluntary.
And sometimes people bring on equity owners not for the capital investment they might bring, but rather more for their network or influence.
It may be a semantic argument, but I just don't see it.