Is There an Element of Financial Engineering in Private Equity?

The profile of private equity professionals is such that they're not in a position and they don't have the experience to be able to support a CEO who constantly says, listen, I've got this problem with so and so and how do I deal with it? "I think there's a element of financial engineering. They're clearly not all like that," he adds. 'They can maybe unlock some quick value, but they don't really have the skill set to manage this organization'