How Private Equity Ate Britain

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Next month’s UK election will likely be a reckoning for Prime Minister Rishi Sunak, the Conservative Party and its handling of the aftermath of Brexit and the pandemic. It turns out both events have already played a key role in shifting control of some of Britain’s best-known brands to foreign hands. High Street retailers like Morrisons, Byron Burgers, Wagamama and others have all been scooped up by US private equity firms in recent years. And the debt they owe, compounded by high interest rates may be endangering their financial resilience while putting employees at risk.
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00:00 - Introduction
1:00 - Leveraged buyout, explained
2:10 - Morrisons takeover
3:30 - Impact of Brexit and Covid
4:05 - Private equity piles into UK
4:45 - Rising cost of debt
5:50 - Jobs, consumers and consequences
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Опубликовано:

17 июн 2024

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Комментарии : 611

@business 10 дней назад

Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: www.bloomberg.com/subscriptions?in_source=RU-vidOriginals

@user-rg7sg6kp1p 10 дней назад

Impose high estate taxes. Make it impossible to pass down a business to future generations. No choice but to sell to private equity.

@mayoite160 8 дней назад

Just imagine how bad something has to be for Bloomberg to call it problematic

@wayando 7 дней назад

If only people read history books. They will know that financial instruments/ systems are easily some of the most powerful weapons in a society. That's why we have always had strict rules.

@user-zf3xb3qx8w 6 дней назад

@@wayando Concentration of access to capital: New York and London. It shouldn't be set up this way.

@postblitz 6 дней назад

"Annihilation of mankind will be problematic."

@darkfeeels 4 дня назад

@@wayando Which books would that be? I'm working in the investment industry and I too hate a lot of things. Wanted to learn about the global financial system and the instruments more to understand the why's of the whole thing

@laprimo21 3 дня назад

💯

@shellyperera2010 8 дней назад

The worst thing is that private equity own children's care homes in the UK. They have local authorities over a barrel as local authorities have a legal duty to house and care for children who cannot be left with their families. PE is literally draining money out of local authority budgets while providing the worst, neglectful, minimal "service" in these care homes. Why is this not more widely publicised?

@user-zf3xb3qx8w 6 дней назад

That is SO wrong. I hadn't made that connection to child and govt. services.

@baubaul 6 дней назад

My wife worked for one of those “child”care /nurseries. She quit after she saw the children were somewhere as 3rd 4th place as importance. Money and paperwork were more imported as childcare

@dominiccharles6072 6 дней назад

Local authorities used to run these homes. They decided to sell them. If they are now held over a barrel, it is a result of their choice.

@cubbyhoo 6 дней назад

@@dominiccharles6072 ah yes "decided" I am sure it had nothing to do with the giant budget cuts of the last 14 years...

@dominiccharles6072 5 дней назад

@@cubbyhoo they decided to respond to the budget cuts by an extremely short-sighted policy of selling off assets rather than to cut current spending. That is very much a decision.

@Chris-dc6pu 3 дня назад

Should be illegal. If a private equity firm buys a business, loads it up with debt and the company goes bankrupt, the private equity firm should be on the hook for paying that money back to the creditors,

@MadameDeSquiggles 6 часов назад

The one key thing the video doesn't mention? The agency of the banks. The banks are choosing to lend, and their money is on the hook as well. Morrisons is a sad tale, but the real catalyst there, in my opinion, is the rise of Aldi/Lidl (honestly people, you shop at those stories and you save like £10 a shop) and Morrisons not keeping up. Worst part of private equity is that they usually need to sell within a period of time (usually around 10 years, but sometimes less) and often sell to other private equity instead of to trade businesses. I hope Asda will buy Morrisons, but it will likely die through a progression of private equity sales, which ultimately results in it being liquidated for the value of it's property. But perhaps it will surprise me! 🤞

@mabeSc 11 дней назад

Literally everyone loses but the private equity companies and members. Also, it's funny how even in the US they are trying to change this because of how anti-competitive it can get.

@Taillored 10 дней назад

Who do you think funds the private equity companies with the equity? For the most part, counter to belief, it's not high net worth individuals but rather Pensions, Insurance companies and Sovereign Wealth Funds. Which we all benefit from...

@foregone_roulette 9 дней назад

⁠@@Tailloredare we? Our social security is predicted to run out, pensions are slowly disappearing from corporate life, and insurance is becoming more and more expensive. Sure feels like we were sold a lie to enrich the management class at this point.

@irwinsaltzman979 9 дней назад

Tailored. Private equity funds are primarily funded by the people who can contribute millions to the funds. This is not for the bottom 99% of the people. In the US private equity is buying doctor offices and new single family homes to name two industries. Also value for customers means the folks who have money in the funds.

@Taillored 9 дней назад

Go and have a look at the private equity firms list of people that provide cash to their funds, its on most big US alternatives you know. You will see that it’s not the 1% that provide all the cash. It’s your life insurance provider, the big state fund (Calpers etc.), endowments (Harvard, yale), pension funds (of big companies that people work at). So it’s not just for the 1%. The point around buying doctor office and new single family just assumes private equity buys and guts the business. That historically was the case but not anymore. Look at what KKR does with their share incentivisation for employees

@dhidhi1000 8 дней назад

Just end the central banking system that allows this type of nonsense, along with many other attrocities like the real estate bubble in 2008. Without central banks, banks cannot create money out of thin air anymore, and borrowing becomes much harder, causing prices to drop and people stop paying billions in interest to banks just to survive. Bring back the gold standard. It's that simple.

@augustoliver2779 11 дней назад

It’s sad. Private equity and Wall Street also ruined America because profit is more important than people and communities.

@mtljin 11 дней назад

you like communities? what are you a communist??

@LWQ15881 11 дней назад

@@mtljinwhat are you, a child?

@KingSlimjeezy 10 дней назад

If by private equity you mean "Tibesmen" than yes

@who2u333 10 дней назад

@@mtljin 😂

@dianeorsino6570 10 дней назад

Literally was just saying this to my daughter yesterday.

@StimParavane 6 дней назад

Private equity is evil.

@conconmc 11 дней назад

They need to regulate where the debt comes from and how much. How come when I buy a house I am stress tested for up to 7-8% rates but firms aren't?

@petrichor259 11 дней назад

Corporate socialism

@marcus.H 10 дней назад

There are lots of tests they have to go through. No one's going to lend to an insolvent businessman

@CleverContrarian 10 дней назад

That is because banks and their lending is as follows When you need money or lending they won’t give it to you When you are rich and don’t need “moar” money banks are fawning and tripping over themselves wanting to loan you capital at amazing conditions for the borrower

@JacobsCapital 10 дней назад

don't like it, don't borrow then?

@SirFrancisBaconn 10 дней назад

@@petrichor259 It's literally just capitalism. Nothing socialist about it.

@chunglin_tang 10 дней назад

I still don’t understand why transferring the debt into the acquired company is legal at all

@user-ye3iq1om8y 10 дней назад

It’s between the bank and the buyer. None of your business

@chunglin_tang 10 дней назад

@@user-ye3iq1om8y But it doesn’t make sense. When you place debt into the acquired company, the evaluation of it should immediately drop like a rock, and thus making such a loan invalid under reasonable bank regulations. Something smells more than mere bad loaning practice, but systemic corruption.

@user-ye3iq1om8y 10 дней назад

@@chunglin_tang if you load yourself up with dept ie. buy a house, does the value of your economic output go to zero? No it doesn’t. Neither does the company’s with the dept on the books. These are private companies so the valuations only matter to the buyer and the bank. They can negotiate whatever kind of loan they choose to.

@sten260 10 дней назад

because everybody involved wins - businessman makes money - bank makes money and if not government will bail out the bank - tax payer loses. So everybody wins except the tax payer so why wouldn't they do it? Government will not let the big bank fail and will always take tax payer money to bail them out ,so there is literally no risk for them

@255gmoney 10 дней назад

@@sten260 perfect answer....i knew logically and financially it didn't make sense but someone has to pay for asinine decisions

@henk-3098 11 дней назад

this seems like something that should be illegal. You should not be able to buy a business and then load it up with debt so the company has to carry the burden and the risk while you drive off into the sunset with all your money.

@mktf5582 11 дней назад

EXACTLY, UTD is the prime example.

@JacobsCapital 10 дней назад

you buy it = you won it, simple if you ask me...

@scobeyrowley5115 10 дней назад

Hard to legislate for something like that. It needs to be a societal, business, political and cultural change.

@flakgun153 10 дней назад

that's how a mortgage works. Its not just you who is responsible for paying it off. there is a lein on the property too

@sten260 10 дней назад

how was he able to load it up with debt? who gave him the loan? So the issue are the banks. The reason why it happens is that government do not let banks fail, so there is no risk on the bank side, they will take money from tax payer if something happens which cover the banks losses. 100 years ago when banking was actually risky and there was no bail outs from government this business would never be able to get that loan because the bank wouldn't take that risk. So yeah, blame the government for that one.

@NickLea 11 дней назад

Private equity and supermarkets go back longer than Morrisons. Back in the late 1980s, Gateway was the third largest supermarket chain in the UK in terms of sales and actually largest in terms of square footage. Then in 1989 it was bought out by a private equity group known as Isosceles plc. It was loaded up with debt - around US$2.1 billion (probably the equivalent of US$5.5 billion today). Of course, it struggled to repay that debt. They later merged with Kwik Save and were eventually sold to the Co-op in 2008 for £1.5 billion

@MeiinUK 9 дней назад

To think that India... people used to respect India. But sorry.. no more. Not at all. My family used to own a take away when I was a small child. And we helped each other out. An dnow, what.. are this set of brothers, going to actually respect us ? Sorry..."but you are a different set of chinese families".... Well... what goes round comes around. I hope people will also buy out and force out India's farms. Which is what Bill Gate tried to do... Let the UK buys out the gold then from India. Be done with. The end. We don't want fin tech money any more.

@fly463 9 дней назад

@@MeiinUKwhat are you even talking about ? Did Indian companies buy some grocery company or something ?

@stingyblue8189 8 дней назад

@@fly463 Mohsin Issa and his brother are owners of the private equity firm Asda which along PLDR bought Morrisons. They’re Indian. But, I don’t know what the person you’re responding to is jabbering about.

@kyrirhcp 9 дней назад

So buy a company at 100% value, borrow against it's "projected value" pay huge wages to single individuals, bankrupt, get a payout, walk away with the bank having the risk, but keeping the assets, i.e. the brand name, individual sectors, and physical assets, and the bank passes on their debt to their customers via inflating borrowing interests retroactively. The government then protects the bank with payouts to protect the customers. Fantastic. Money for nothing.

@Airbag15 7 дней назад

Bloomberg: "Look at our crimes!"

@durudadlani1931 10 дней назад

Private Equity drew a lot of Care Home operators bankrupt in England just 10-12 years ago. Amazing that people will bite the same bait. Another credit crunch is just round the corner I dread to imagine.

@TheUMESH34 5 дней назад

They did this for Nursing homes In US and then reduced the quality leading to more deaths. There is a class action law suit going on against one such PE firm Porto Picoolo group. Absolutely evil

@wokelefty День назад

And the tax payer will be held responsible for the debt, while single mothers & disabled people are blamed for causing it. 😮

@adiintel1 День назад

But can't they just drop interest rates again 🤔

@sevenhenson3926 10 дней назад

The problem is leveraged buyouts. That came with higher interest payments saddled on the troubled businesses. Regulations need to stop this practice. PE can buy all they want but with their own debt

@theohercules1943 9 дней назад

Private equity has to be the most evil thing I have learnt about in recent months

@havencat9337 7 дней назад

thanks to murica... thats what they know best, destruction

@czerwo5805 7 дней назад

oh nooooo, businesses are becoming more efficient

@amorosogombe9650 7 дней назад

Ain't that the truth. Took the words straight out of my mind.

@aromaticsnail 7 дней назад

greed with extra steps

@karlwheatley1244 5 дней назад

@@czerwo5805 "oh nooooo, businesses are becoming more efficient" And greater "efficiency" means destroying the web of life faster while making a few people super rich.

@ratgreen 10 дней назад

Stuff like this is how the economy gets trapped into a corner it cant escape. Very bubbly if you ask me.

@jiajunzhou9081 11 дней назад

example: Manchester United

@sayantanmazumdar3 10 дней назад

😢

@Neojhun 11 дней назад

Way past late stage capitalism. This is necrotic capitalism.

@Ace-cc1em 11 дней назад

That's an accurate description of private equity.😊

@YoY664 11 дней назад

No. this is capitalism with an incompetent/impotent state as is common in most anglo states. adding useless suffixes to "capitalism" simply to cope with the failures of marxist theory is just pathetic.

@prashanthb6521 11 дней назад

You are very correct.

@Neojhun 10 дней назад

@@YoY664 Not really, the is a specific financial scheme which happens to work under capitalism. You are just trying to force a Marxist theory relation. When the financial mechanism really can be studied in a vacuum on it's own. Even if Marxism never existed, it would still be very odd.

@zahid1909 10 дней назад

@@YoY664 Boss, is it that Marxism did fail, but whatever vices come with the so called capitalism isn’t capitalism's fault; is that what you want to say?🤣🤣🤣

@Riddlestar93 8 дней назад

And who was chancellor at the time? Mr Private Equity Rishi Sunak. Have you ever felt like you’ve been cheated?

@alidolloso1704 6 дней назад

It feels like we have sold off so much of UK. Even our water and our trains and post.

@kkmuthu5642 10 дней назад

Finally I have understood why corporates have so much debt

@yamadakenji4143 11 дней назад

First I thought Bloomberg might actually have done a critical piece on the excesses of too little regulated capitalism but in reality it appears the main message are in the last two sentences and to Labour specifically: apperently there's not enough foreign investment (despite the City of London hoovering up billions each year from overseas dependencies/tax havens) and Labour has to tread the line (backing up what Starmer said recently that Labour will basically stick with Tory tax policies and keep underfunding essential services)

@stingyblue8189 10 дней назад

I thought Bloomberg loved private equity? You cheerlead for it every day on your shows and networks.

@sluglife9785 10 дней назад

Maybe we're slowly creeping towards reform. Be glad.

@mimi21746 8 дней назад

Actually this proves the quality of Bloomberg's Journalism, their journalists are allowed to do independent research

@stingyblue8189 8 дней назад

@@mimi21746 They'll do a story in Britain because nobody in the US will pay attention, but meanwhile US private equity firms and others can continue to pillage unscathed here.

@unconventionalideas5683 6 дней назад

@@stingyblue8189 Private Equity has already been dragged into various Congressional Hearings. Any legislative measures, however, will likely have to wait until after the 2024 elections, though, given how ineffective the Republican Party increasingly is.

@JohnDoe___69 День назад

Why people calling it illegal and corrupt? Whoever is buying the company from the PE firm knows about the leverage and the consequences that come with with it. There is always a bold disclaimer

@user-ql1hu3fr4f 9 дней назад

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

@Daniel-ss7ri 9 дней назад

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

@Janise-pg8yr 9 дней назад

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

@Valentine-sd2fb 9 дней назад

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@Janise-pg8yr 9 дней назад

Just research the name Angela Lynn Schilling. You’d find necessary details to work with a correspondence to set up an appointment.

@Valentine-sd2fb 9 дней назад

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

@stephenmatura1086 11 дней назад

It certainly went well for Thames Water.

@nightsky8079 9 дней назад

“our customers” … wonder who the actual customers are

@axel3689 7 дней назад

Muslim immigrants from Pakistan

@andaddplus 6 дней назад

@@axel3689 vote Reform

@AlanSmith88888 11 дней назад

Manchester United being a prime example

@255gmoney 10 дней назад

It's capitalism when huge profits are made and everybody cheers BUT it's socialism when everything fails and the government has to step in and bail out investors especially banks....

@mateusz3162 7 дней назад

and also if it is real socialism everyone are much more poor

@scottjohno.7335 2 дня назад

Private Equity has be the same no pity, hight interest rates they don't care about us all they care is their more and more.

@EchoPandaGaming 20 часов назад

When is it going to be acceptable to say brexit was a major mistake.

@Fuhnance 10 дней назад

Private Equity ruins everything.

@AnotherComment-rl6fv 6 дней назад

what? you want govt. to run Ikea, walmart and amazon.

@Fuhnance 6 дней назад

@@AnotherComment-rl6fv Literally none of those are PE owned.

@hitendoshi108 7 дней назад

Usually Private Equity firms are on the lookout for businesses with low levels of debt and valuable physical assets that they can end up owning/controlling via an LBO (Leveraged Buyout) by promising the top management and ownership a lucrative amount to convince them to sell, then taking on a lot of debt to fund the purchase of their business (some of those proceeds go to payoff the current management), and finally stripping the business of its key assets and transferring the debt to the business.

@pfoe 10 дней назад

Amazingly depressing but a much needed insight

@abhishekdev258 10 дней назад

The best video explaining how private equity works

@eefiasfira 7 дней назад

In the US, private equity just destroyed the much-beloved Red Lobster restaurant chain. Don't let it happen to UK or anywhere else.

@user-rk3vw3pk4w 4 дня назад

UK is already ruined and in far worse stage

@davidbentley4731 9 дней назад

Sometimes PE can really turn a business around but 9 times out of 10 they just take a business pump it full of debt fuelled growth and flip it before the business model becomes unstable.

@John-thinks 6 дней назад

Appreciate the use of graphs and actual numbers, I feel like a lot of finance journalism doesn't respect the competence of the readership / viewership.

@MicheleLLOYD-bk2mt 3 дня назад

Speak for yourself…..

@antonykamundia7802 11 дней назад

If it can happen to a football club (Manchester United) what of private businesses. The U.K is full of sh*t.

@floralhandshake6376 4 дня назад

Interest (or usury as it was called) ruins everything. A small number of greedy, powerful people becomes the order of the day.

@louis18liu 10 дней назад

First part is pretty misleading. Leverage used in leveraged buyouts is used to finance the acquisition of the company’s shares, not financing the operating costs of the business.

@adamheuer8502 10 дней назад

Yeah but my feelings don’t care about your “facts”

@allee1781 10 дней назад

Lol. Are you in finance? Does the company or do the shareholders pay for the interest on the company's debt?

@sampedder98 10 дней назад

The shareholders receive lower dividends and FCFE due to debt service. You cannot separate the company from its shareholders. This is like asking “is it you or your bank account which pays for rent”

@adamheuer8502 9 дней назад

@@allee1781 Umm yes they do. The shareholders are the people who own the company. They are on the hook for any debt it has

@faro717 11 дней назад

So addicted to debt...it'll bite you in the end...

@adiintel1 День назад

They will drop rates again to inflate there way out any financial promblem

@JSmith19858 9 дней назад

But they haven't 'spent' £200Bn buying these companies. They've borrowed £200Bn to buy these companies and when it goes pop we have to pick up the pieces. It isn't investment when we're ultimately on the hook for it with bailouts and austerity when the house of cards falls down

@user-mt9kk2dt5z День назад

Thank you for such useful information, I will use it in my work.

@mu6qy 6 дней назад

Morrisons has went downhill since takeover

@andrewrice9362 День назад

The problem is Privates Equity firms are heavily linked to pension funds and is becoming too big to fail. They come in dump a load of debt on the company and the reduce the number of employees. They are parisites

@Hugo-yp9dt 9 часов назад

Private? Wanna talk about the bureaucracy? Wanna talk about who denies the contraction of new houses?

@ThatGratefulGuy 17 часов назад

I worked for a company in the US that was part of a PE leverage buy out. It had a terrible effect on the workforce and company balance sheets.

@shubhamvinita День назад

Private equity takes the soul out from a business

@phoenix5054 10 дней назад

Imagine Bloomberg shitting on LBO's now. Mental! 😂 But yeah, private equity is an economic scourge, along with AI-powered rent cartels.

@jamessatci1945 8 часов назад

So basically private equity pushed every business in the UK into huge amounts of impossible debt…

@thisismetoday 6 дней назад

What storefronts? They’re all empty!! 😅 😭

@wv9529 9 дней назад

The supreme irony would be if the private equity debt was financed by british banks. British assets bought on the cheap by foreigners financed by british banks. And if the companies go bust its the british banks that will be paying the cost.

@hydrolifetech7911 8 дней назад

This is how Manchester United football club ended up with leaking roofs massively flooding the stadium when it rains and with equipments that have never been upgraded for two decades. The Glazers borrowed the money to buy the club and put the loan on the club! Between servicing the loan and the Glazers taking some of the revenue the club generates, nothing is left to make renovations to clubs facilities ending up with waterfalls off the leaking roofs and the club premises not even getting cleaned regularly

@nucleardog6675 11 дней назад

USA buying UK out is kinda funny

@r3dp1ll 10 дней назад

They're buying Europe as well.

@Ned_Talks 10 дней назад

This will all solve itself over the next few years whenever the UK has a down turn you’ll be able to buy back many of your stores on the cheap.

@ngcasey5735 4 дня назад

Is it not a similar idea to how Glazer purchased Manchester United?

@MRHAPPY3210 2 часа назад

Yes this is exactly how it was purchased. The premier league has however passed a new law where only 65% of the value of the club can be purchased using debt.

@sutats День назад

PE ownership or not, it's always been the case of survival of the fittest.

@kayedal-haddad9294 2 дня назад

We not to end tax breaks for Private Equity firms which buries companies in debt!

@slamimeat2663 День назад

I wish American politicians would be concerned with how private equity is destroy in the US too.

@boblolrus 8 дней назад

Interesting info!

@detectiveofmoneypolitics 10 дней назад

Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊

@Huma_S 2 дня назад

The world unwittingly let itself be infested with parasites.

@stevenhenry5267 7 дней назад

Private equity is a blight

@whitemoon5752 8 дней назад

I don’t understand Why would the bank lend to the company that was bought by PE company? What changed for the bank in terms of risk for the company that was bought, did the PE company have a collateral for the borrowed money?

@nguyenvanduc2000 6 дней назад

How does the debit transition from PE's to company's happen?

@user-pt6qz2uh7b 6 дней назад

Great job, the author definitely knows his stuff.

@rongeorge574 10 дней назад

You can make anyone on earth a millionaire by just lending them $1million dollars.

@oncaphillis 8 дней назад

that kind of sounds like it should be illegal

@Jim90117 6 дней назад

The people who make money from this are very powerful, this isn't your mortgage, they're borrowing billions and will scratch the backs of a political class and banking sector that would allow it.

@alexbowmer7247 3 дня назад

In the example of the leveraged buyout beginning at 1:00, am I right in understanding that the buyer who purchases the shop for £800,000 also inherits the £400,000 loan that the seller took out?

@SomeKidFromBritain 11 дней назад

Financial money-moving nonsense is the cause.

@MarSer3 10 дней назад

You didn't explained at all how the target gets the debt from the PE? Magic? Force? Buybacks? :)

@jeddaniels2283 2 дня назад

Great info powerful. Liked and subscribed. More insights of the UK please.

@ianmac201 6 дней назад

This has a whiff of the 2008 Financial Crisis about it... just with public companies and debt rather than consumers and mortgages.

@ShamileII 10 дней назад

Oh well, how did that brexit "keep all the foreigners out" work out for ya 🤣

@user-gv9xj6ym7p 9 дней назад

Do they transfer the loan to the buyer? or how is the buying party responsible for the loan taken by the seller?

@zubairshah1612 10 дней назад

Private equity is not an issue, taking a ton of debt and off loading it on to the company is the problem.

@julesbaxter 8 дней назад

Private equity and LBOs tend to be synonymous, but your point stands.

@user-pz2lt7ox1r Час назад

Thank you for this video

@manoftomorrow5987 9 дней назад

The problem is that banks don’t want to lend to these businesses, so they have to resort to private equity who’ll ask limited questions. The private equity firm already has lines of credit with the banks so they have easy access to capital. Private equity lends at a much higher rate than the banks…there’s multiple layers to this. It’s not easy running a business…

@dcoughla681 6 дней назад

Global Private Equity firms are involved in British universities and local councils too.

@MrOharaj 8 дней назад

But why were these companies for sale in the first place?

@ukchukx 7 дней назад

This is the main question everyone's avoiding. They feel better jumping over that question to blame private equity.

@szurketaltos2693 3 дня назад

Generally speaking, any company is for sale if you offer enough money and the sale is legal. In this case, I refer you to Tom Nicholas' video Why Cities Go Bust about how British cities are coping with massive political and therefore economic headwinds.

@ricardoblikman2676 7 дней назад

British companies did the same in the Netherlands, especially in the childcare business.

@ccx22 10 дней назад

not properly expalined, can anyone explain?

@Feynman981 5 дней назад

I do not think that private equity will bring much value to the UK. Mainly because it is solely built on debt. The "Classic" way of lending money to buy assets and pay them off is far more sustainable. Slower, but better for everyone in the long run.

@rkirby7183 20 часов назад

Current higher--but normal--interest rates will limit the future of this kind of investment. You have to give up 7% to 8% of estimated--but not assured--profits to borrow to buy businesses.

@stoodmuffinpersonal3144 12 часов назад

How they ate EVERYWHERE.

@user-oj9nf4sl4f 7 дней назад

Thanks for the strategy and video! I have subbed as well! Been in demo for 4 days and started with $100. Now up to $740 using just 3 - 5% on 2 min trades. I go back and forth with the 20 SMA on the charts but the main key is TRADE WITH THE TREND. If it is NOT clear move on to the next pair. Follow the rules in video to a T and you will win. Thanks again!

@earthpeace3323 10 дней назад

Story of Man United as well...

@Zuranthus 7 дней назад

leveraged buyouts should be illegal

@moodeet 5 дней назад

That Sitar though!

@josephattwood4168 День назад

Can someone explain why this is legal, and what are the downsides are to banning leveraged buyouts? Seems like a disasterous cocktail for companies, and jobs in the UK.

@StanislavLoginov-ep4cs 5 дней назад

Your video helps me understand how to use various indicators and software in trading. Very interesting and useful.

@amorosogombe9650 7 дней назад

Private equity is the devil's workshop. It seems to be ruining everything! Every time I see a private equity tale its about how they have sunk a once great brand. Founders, if you must, IPO or borrow from the capital markets yourselves with corporate bonds but steer clear of private equity.

@omkarvelankar4439 8 дней назад

Why would bank lend the money if its going to lose at the end

@Daniel-sYouTube 8 дней назад

Bodyshop went bankrupt a few months ago - now it's clear to me why

@LivingWithGout День назад

It’s all the cheap debt from central Banks.

@chapagawa 7 дней назад

I guess people will have to determine if the investments PE brings to the UK are just debt traps as they are leveraged up or whether the investment capital really expands the “healthy” state of the economy.