You are here

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.
Wednesday, March 22, 2017 - 05:50

BT_20170322_PRIVATE22_2801932.jpg
A Radio Shack outlet in downtown Washington, DC - one of the 365 locations that Radio Shack intends to close by early April due to their filing for bankruptcy again. From the start of 2013, private equity owners have taken out more than US$90 billion in debt-funded payouts.

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

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom