Tuesday, May 22, 2007

Private Equity Under The Spotlight!!

Private equity elite to face grilling by select committee

5 of Europe's top buy-out execs face a public political grilling on June 20 after being summoned to appear before the influential Commons Treasury Select Committee inquiry into private equity.

Posted by nearly30 @ 10:06 PM (526 views)
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5 thoughts on “Private Equity Under The Spotlight!!

  • I’m sure they’re terrified. Haha. What a waste of public money.

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  • dohousescrashinthewoods says:

    I imagine they won’t get much out of them beyond carefully crafted statements of questionnable truth.
    If these guys are the sharp-practice sharks they are cracked up to be, it will be snake oil all the way.

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  • The rump of what was Hanson Trust (the big asset strippers/takeover conglomerate of the Thatcher era) was recently sold to Heidelberg for £8 billion.

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  • shipbuilder says:

    Committee: “So what’s all this about Private Equity, then?”
    Private Equity Scum:”It’s good for the Economy. Britain is Booming.”
    Committee: “Great. Carry on!”

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  • Committee: “So what’s all this about Private Equity, then?”
    Private Equity Scum: We rip the hearts out of great companies, sadle them for years with layered debt. Oh and we rip out all the cash and leave them vulnerable to foreign takeover.The great thing is we hardly pay any tax on our ill gotten gains!
    Committee:”Great. Carry on!”

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