Do you want to make a bunch of money off of a business while adding no value and possibly driving it into the ground? Then private equity might be for you! Private equity firms are masters of buying up businesses, saddling them with debt, extracting a bunch of value, and then leaving them as burning husks that shut down in bankruptcy without so much as a thank you note for effort. It’s the lowest level of business take over and instead of improving operations or making investments, it just seeks to suck out any value, stuff their own pockets and run out the back door before it all collapses. You’d be surprised as how many marquee named brands have suffered this fate. In this video, we’ll learn more about it with Adam Conover.
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