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Back in 2007 when Kim began what would turn into a 16-year stint heading up the fund’s Asian private equity business (she was the firm’s first hire outside Toronto when the portfolio was just C$4.4 Our job is duediligence, and for deals that require a level of speed that makes the duediligence difficult, well, we won’t do the deal.
Within about 90 days, it became apparent to me that we had not done sufficient reversed duediligence on our acquirer. This idea of reversed duediligence is like they're asking a bunch of questions trying to figure out who you are and where you fit with cultures like all those things. We managed to still sign and close.
But there’s also a lot of, like at Wittel, you know, I was at Wachtel in 2005 to 2007, so really near the peak of a big merger’s boom. 00:33:08 Who, who is advising him to waive duediligence? Normally the hostile deals sort of end up going quasi friendly and like you get to do some duediligence.
Somehow no one in duediligence ever asked them about any of this. And not being able to tell them or show them makes it harder for them to do duediligence to understand how it may have behaved. 00:44:34 [Speaker Changed] Or at least lower their, their bid ass spread wide amounts of Yeah. No one knew who I was.
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