Saturday, December 08, 2018 10:53:56 AM
Wouldn't one assume Advent and Blackrock would want to buyout Advent from Toucan -- now that Pire is on board Advent?
I would not.
Pire was CFO at Cognate, Cognate split off Advent, and Pire elected to leave Cognate and take the COO position at Advent.
Is this really some big super-dot being connected here that an employee elected to go with the spun off company and not the parent?
As far as Blackrock, I seriously doubt they know who Advent, Cognate or Pire are. Blackrock bought out a mid size investment outfit that had a minor position in Cognate.
Blackrock manages something like $7 Trillion. They bought a firm that managed something like $5 Billion. And likely had a stake of under $50M in Cognate. That would be like somebody worth $10M buying a modest house and assuming they care about the $20 lamp in the hall.
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