Everyone believes this weird narrative that the only thing PE does is buy successful businesses, load them with debt and then cause them to shutdown.
The reality is that PE does not buy successful businesses; they are already struggling. No one else will touch it. Thus, when it comes time to recoup the investment, there is normally a sense of enshittification, which is reality was either already destined to happen, or the business would just close anyway.
The reality is that PE does not buy successful businesses; they are already struggling. No one else will touch it. Thus, when it comes time to recoup the investment, there is normally a sense of enshittification, which is reality was either already destined to happen, or the business would just close anyway.