Brickbats and bouquets for private equity
Date: January 16, 2009
There was ammunition for supporters and critics in yesterday’s report from the British Private Equity and Venture Capital Association (BVCA) on the performance of private equity portfolio companies.
Supporters say the report knocks down several charges levelled against the private equity industry at the height of the credit boom, when bosses of big buy-out houses were called before parliament for a grilling by the Treasury Select Committee.
Simon Walker, chief executive of the BVCA, said: “Two arguments from our critics are completely rebuffed by this report: one is that we are job-cutters, the other is that we are asset strippers.”
Click here for the full article.
– requires subscription
Source: Financial Times
