The merry-go-round that has public companies taken 'private' by speculative funds only to see them floated to the public a few years later often leaves companies in a weakened position. Lack of investment, heavy debt loads and unfavorable capital structures mean that the only winners in this game of 'pass-the-parcel' are the insiders. Case in point: Southern Cross Healthcare, Britain's biggest care home provider, was bought by Blackstone in 2004 from another 'Private' Equity firm only to be floated on the public market two years later.
11/12/2010
On Friday, the SEC’s Division of Enforcement announced enforcement
proceedings against the BF Borgers CPA PC accounting firm and its sole
partner, Benjamin...
22 hours ago
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