The Economist has an interesting article pointing out that calling today's biggest private equity firms conglomerates isn't too far a stretch, notwithstanding firms' aversion to the appellation. The distaste comes from the conglomerate structure not being in fashion for the past 25 years (in the US, not Asia; large Asian companies are often byzantine setups) but looking at the question purely from a linguistic point of view, it would seem that private equity firms are conglomerates. There really isn't too much more to say on the topic but it's an interesting read with some notable titbits, so go take a look.
An aside: I usually put links like this on my radar, and my radar gets spliced into my main RSS feed. So I'm in the funny position of having a richer RSS feed than a website. The bottom line is that you should probably use my RSS feed or my email newsletter to get updates :)
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