It was a complete and total disaster, but there were a lot of reasons for that. I think it's probably largely dependent on the PE group. In my situation, the group that we went with had zero experience in the area that we were working in (Home Health and Hospice). We found out a year in that they were promising investors growth that was wildly unrealistic (and not telling us about those "projections"). But honestly, what really tanked the relationship was the fact that two of my partners just could not stand to be in the same room as one of the Principals in the PE group....we literally couldn't get through a monthly board meeting without them hurling F-bombs at each other.

So.....if this group has been working with the PE group for three years already, you probably don't have to worry about that part. 🙂