I am personally aware of at least one company which was bought up by private equity in the last 5 years, which has remained very much the same since. It hasn't

I am personally aware of at least one company which was bought up by private equity in the last 5 years, which has remained very much the same since. It hasn't taken on debt, it hasn't been parted out, it hasn't started optimizing for profit and reducing worker benefits. The new owners seem content to simply sit back and collect the profits of the company that were previously going to the family that owned the company before. That is to say, in greater than zero instances, PE has the capacity to be benign. I think the median PE firm is far worse than the median non-PE firm, but there exist outliers in both groups.