Condensed summary of remarks to the annual meeting of National Association of Small Business Investment Companies (NASBIC), Palm Beach, Florida, October 17, 2006
Bob Sherlock, The ProAction Group, Chicago
Not long ago, we worked with a well-positioned, private equity-owned manufacturer whose innovative products had grown revenues significantly in the past few years. The company had been profitable until the prior year, when it ran into what management called “The Perfect Storm.” In the same year, they encountered three
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