From the TUC

Private equity does a u-turn

26 Jun 2009, by Guest in Economics

I couldn’t let this pass.  A quote in yesterday’s Guardian from Tim Lebus, a partner at Duke Street private equity firm:

While less leverage may mean huge returns will be harder to come by, the risk will be lower.

Private equity spent all of 2007 defending itself by saying that the high returns it delivered had nothing to do with high levels of leverage (just the result of excellent management skills); and that there was no extra risk associated with high leveraged buyouts.  These comments completely contradict this.

2 Responses to Private equity does a u-turn

  1. Tax Research UK » Private equity does a u-turn
    Jun 27th 2009, 3:38 pm

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  2. Private equity does a u-turn | called2account
    Jun 27th 2009, 10:00 pm

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