the bank really wants the rest of the business the VC runs thru and this will be put in the right account as a tax offset anyhow.Loaning 15 million on a 3 million home: the bank must have really wanted that home!
Happens every day.
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the bank really wants the rest of the business the VC runs thru and this will be put in the right account as a tax offset anyhow.Loaning 15 million on a 3 million home: the bank must have really wanted that home!
Yes.
Medium. The long bloody lineage of private equity's looting
Or worse. A favorite PE tactic in the US is to buy a company that has money set aside to fulfill their pension obligations, loot the company and load it with debt to the PE firm until the company can no longer make the debt payments, then put it into bankruptcy, which allows the company to shed its pension obligations onto the public pension insurance fund. As senior creditor, the PE firm can then pay itself to buy the company out of bankruptcy and then turn around and sell whatever is left of the now debt-free company.
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When Private-Equity Firms Bankrupt Their Own Companies
Private-equity firms can succeed when their companies, customers, and employees fail. It’s a broken system.www.theatlantic.com
BRS appears to be the better type of PE fund that makes its money by building acquisitions up instead of stripping them down. Shearwater was acquired by them 3 years ago and it still looks good from our end as consumers. They've logically expanded their offerings, kept manufacturing in Canada, and are still keeping up the customer service they were known for.Old news but I do hope this won't end up the same as Aqualung....
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Shearwater Research Attracts New Majority Shareholder
Richmond, BC, Canada Bruce and Lynn Partridge and the management of Shearwater Research Inc. (“Shearwater”) are pleased to announce that BRS & Co. (“BRS”), a New York-based private equity firm, has today completed a control investment in Shearwater. The financial terms of the transaction were...shearwater.com
I’d ask your preferred local dealers how easy it is for them to get Aqualung service kits currently.that I won't be able to get serviced here in Quebec
I am visiting my local LDS (in Sherbrooke, QC) tomorrow and I will definitely ask.I’d ask your preferred local dealers how easy it is for them to get Aqualung service kits currently.
Anecdotally I’ve heard they are in very short supply here in BC.