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Private equity wins even when losing, buoyed by debt markets

Private equity firms are preying on already troubled firms by siphoning off money for their own profit.

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Published Tue, Mar 21, 2017 · 09:50 PM

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    New York

    THE Payless shoe company was already on its way to becoming another retail victim of the Internet when the private equity guys showed up.

    That the firms - Golden Gate Capital Inc and Blum Capital Partners - weren't able to turn Payless around after acquiring them in 2012 isn't so surprising. That they've still made out so handsomely is.

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