Private Equity

1 month ago

Private equity could be crucial to the ‘everyday economy’

By Matt Bevington We’re all familiar with public image of the private equity industry: a group of eye-wateringly rich executives who buy up vulnerable companies, sell off their assets, cut pensions for workers, enact mass lay-offs and run firms into the ground before sailing off to their tax havens. Like all industries, however, the reality is more complex. There are genuine concerns about private equity ownership. The CMA, for instance,…