Suit claims CEO negotiated secret bonus with Olympus as part of company sale

private equity, law, Olympus Partners, Rex Performance Products, Manu Bettegowda
  • Olympus-backed Pregis acquired Rex Performance in February
  • Rex acquired as add-on to Pregis platform
  • Lawsuit alleges secret bonus negotiated by Rex CEO
The CEO of Rex Performance Products negotiated a secret deal with Manu Bettegowda, a partner at Olympus Partners, to drive down the sale price of the company in exchange for a $1.5 million bonus, a recent lawsuit alleges. The lawsuit, brought by Rex ...

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