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"PE firms load acquired companies with debt, cut costs aggressively, then resell at a profit" The last part never made sense to be. Where do they find willing
by SoftTalker 5mo ago
"PE firms load acquired companies with debt, cut costs aggressively, then resell at a profit"
The last part never made sense to be. Where do they find willing buyers for these debt laden, hollowed out husks?
- blindriver 5mo agoThat's where the scam is. They sell to their pension fund and mutual fund buddies, and in return when they get a really good deal, those funds will be first in line. It's a scratch-my-back-scratch-yours kind of deal that is utterly corrupt but no one seems to care because the losses are papered over by these huge funds.