First the AA, now the RAC.

zeitghost

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#1

First the AA, now the RAC.

24 June 2011, 09:52

Another one bites the dust:

RAC breakdown service: Will £1bn sale mean AA-style cuts | Mail Online

Private Equity Companies are so wonderful.

Just ask Philips Semiconductors, Freescale, Southern Cross etc etc etc.

The private equity lot are worse than asset strippers.

The company gets loaded with debt that the scumbags used to buy it in the first place.

Shooting is too good for 'em.

Here's another casualty:

Moben Kitchens and Dolphin Bathrooms sink with 3,000 jobs facing the axe | This is Money

The company, owned by private equity group Sun Capital Partners

Last edited by zeitghost; 2 May 2017, 09:01.
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xoggoth

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#2

24 June 2011, 10:33

I'm starting to think that US companies should be banned from buying any UK company. From Mars bars to old people's homes, football clubs to insurance, everything gets shut down, asset stripped and wrecked.

bloggoth

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TimberWolf

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#3

24 June 2011, 11:32

Private Equity firms? Don't know anything about them, but this one is also associated with Habitat, Borders, Woolworth, etc
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