Earlier quoted context omitted.
Private equity groups. Several have been brokering their debt restructuring over the years. Here's their most recent complete restructuring from about a year ago ( http://www.insideradio.com/free/restructuring-will-wipe-bill... ) (they're currently in bankruptcy at the moment.)
So what incentive do they have for "rape and pillage" of companies if they ruin them and themselves in the process?
Toys R Us is a great example. The PEG people invested 20%, dumped the debt on the Toys R Us balance sheet, and yielded at least $200M in fees. They are also able to harvest paper losses to offset taxes.