The hands-on approach

Recent changes in South African regulations have changed the private equity game for investors. Although private equity is not as appealing as it previously has been, Bain & Company partner Andrei Vorobyov points out. "Returns of top-quartile US private equity firms have fallen from more than 50% 25 years ago to less than 20%." Vorobyov continues on to explain the relationships between private equity firms and their portfolio companies and today's role of portfolio activism.

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