Moody’s in June 2014 published a report analyzing 188 companies 14 of the largest US private equity firms purchased from 2004-07. The results were not pretty. Twenty-eight percent had defaulted on their debt. Most were formerly healthy businesses. Half of the ten companies that borrowed more than $10 billion to finance mega-buyouts defaulted.
About The BookFew people realize that the top private equity firms, such as Blackstone Group, Carlyle Group, and Kohlberg Kravis Roberts, have become the nation’s largest employers through the businesses they own.