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Lovett or Leave It
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What Happens When a Private Equity Firm Takes Over?
A group of investors comes in and says, hey, we think we can run your company better than the way that it's running. So they take out this massive loan. The company is in a vast samarity of debt. What happens to the money that the company has to pay back? But the private equity firm is charging this company a bunch of fees for the privilege of doing this deal. It is on the company, let's say, it's on who die to pay off this debt. And the debt is often crippling. In the case of hudi, the debt essentially killed the company. Business. Circumstances changed. They were just, they were under so much
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