Yes, it used it's own money - the buyout companies came up with 20% of the purchase price (think of the 20% like a downpayment on a house; they borrowed the oth

Yes, it used it's own money - the buyout companies came up with 20% of the purchase price (think of the 20% like a downpayment on a house; they borrowed the other 80%; like getting a mortgage). They lost a lot of $. They couldn't "flip" it and resell / IPO the company in this case, hence no profit.