4 ms·
It's not about bailing out the investments, but about preserving jobs. Fine, attach restrictions for taking bailout capital, but that should be the purpose.
by leveredequity 7y ago
It's not about bailing out the investments, but about preserving jobs. Fine, attach restrictions for taking bailout capital, but that should be the purpose.
- skitout 7y agoYou can get different types of "bail out" for different types of companies... It can be "much more expensive" for private equity firm than "normal" SME... You save as many jobs and you save a lot of taxpayers money
- leveredequity 7y agoMy point is no need to target preservation of equity value but instead ensure those facing job loss are supported. However, the current legislation doesn't allow portfolio companies to take bailout capital as a result of restrictions based on portfolio companies being "affiliates" of one another. Similar issues are faced by VC portfolio companies.
- deleted 7y ago[deleted]