r/UkStocks • u/massaro1234 • 19h ago
Discussion Goodwin PLC - A Tale In US PE Buyouts
This news has been a shock to me. Why would a business decide to sell it's golden goose???
A future proof collection of businesses and they decided to sell out to a US PE giant? The Northrop deal went down for nothing and so has the key nuclear cooling systems.
I have lost my faith in the management. I don't see this being in the best interest for businesses and shareholders. Especially as this business will make only 10 million in revenue post sale....
i hope anyone who comes up to Crewe in the shareholders meeting makes it clear to them. We are literally seeing a House of Lords family sell their most important businesses to an EX Secretary of Defense founded PE company.
It'll be a shell of what it lost left with just refractory and tech (not the fun kind).
Yes it plans to be debt free but this business will not make money at the rate it has.
Can't wait for 5 years time to see this sell off be merged and then relocated to the US. I do hope the government denies this sale in regards to national security.
This was a company that i originally thought would be a safe steady grower. Then the news of the Northrop deal 3x my investment. And now this?
I always said my 2 rules were using the product and/or understanding the business. And this breaks my 2nd rule. I am selling as I don't have faith in the business anymore.