FRANdex: PE Impacts Q3 Performance

October 16th, 2018 by Ritwik Donde

Just as the FRANdex had started showing signs of recovery in the previous quarter, the rise in take-private PE acquisitions created dents to the index performance in Q3-2018. FRANdex underperformed both the broad indices. While the S&P 500 rose by 4.8%, Russell 500 declined by 3.2%; in the same period FRANdex declined by 5.1% q-o-q.

  • New Brands:  Realogy and Goosehead Insurance
  • Delisted due to going private:  La Quinta, Zoe’s Kitchen, Jamba Juice, Sonic Drive-In, these companies were taken private following acquisitions by PE investors
  • Removed: Liberty Tax  as of this publish date this brand has been delisted by NASDAQ following non-compliance issues.

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