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CEO of Swedish private equity company: "This is much, much more serious than 2008"

The pockets of private equity investment companies are bulging, and stock exchange prices are constantly falling. Still, the CEO of private equity company Altor sees a worse situation now than in 2008.

The financial crisis in 2008 was brutal for the highly exposed private equity investment companies, who were forced to "spoon feed" their suffocating portfolio companies.

Still, Harald Mix, the CEO of Swedish-based private equity company Altor, thinks this crisis contains elements that could be considerably more serious than 2008.

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