Key executives being lured by private equity
Appeal of private equity sector makes it harder for listed companies to retain key staff
More than half of senior business executives believe that listed companies
will find it harder to retain key staff as the appeal of the private equity
sector increases, a survey from the Financial Directors’ Forum has found.
Almost one in three of those surveyed said they had received a least one
approach from private equity companies in the past year, which has seen a number
of high profile deals and record fund raisings, the Financial Times
reports.
The majority of the 160 executives surveyed said the more entrepreneurial
culture of private equity made it attractive rather than the less onerous
regulatory requirements it enjoys.
Nearly 50% said they viewed the private equity sector as more attractive than
a year ago; just 8% said it was less appealing. More than 75% said they would
consider a job in the sector either as a deal-maker or running a private equity
company.