Earlier quoted context omitted.
Are there any evidence of private equity providing benefits for society? Sometimes it looks like they have a inverse Midas hand, everything they touch putrefy.
There's this meme that private equity companies are vultures circling overhead looking for prey, and when they find a poor innocent victim they swoop in and destroy it. I worked at a PE firm in the past, and my understanding was that the companies we bought were all looking for buyers because they were already failing. So a company that would otherwise have to close looks to the PE markets for help. The PE firms say,…
For something easily switchable like your favorite retail shop you can - and should if you don't want the collapse to hasten - continue as before, but for something your business depends on like CI it's a huge red flag that you should switch to a different supplier.