Private Equity Backer
" Private Equity Backer" three words that should install terror into anyone. Just like "Venture Capitalist".
There is only ever one winner in these situations and that is the people putting the money in, the broken husk of a company that comes out the other end is just a vehicle for turning assets into cash to be extracted as quickly as possible.
So many of the current problems we have with technically viable companies failing is because it is now routine for them to be totally screwed over, stripped of any assets and cash then laden with debt.
What is strange is why the cycle continues? Exactly what hold do these leaches have that allows then to get into them in the first place.