Another sad end to a 'Private' Equity buyout

Exaggerated claims about the advantages of the 'Private' Equity business model receive another dampener from news that the former British Printing Company which sailed under the name of Polestar UK for the past years has left the UK Pension regulator (clear text: the British Taxpayer)  with a massive bill to safeguard the pension scheme. Where are now the financial acrobats that benefit massively from the 'Private' Equity compensation model, where are the (mostly) anonymous investors who wash their hands when things in the funds they back go wrong?
(29/10/11)