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Abstract

History may well define January 2012, the month in which I began writing this book, as the nadir of the private equity industry. It opened with the issuance by Newt Gingrich’s political action committee, Winning Our Future, of a 28-minute, seven-second video titled ‘When Mitt Romney Came to Town’. Intended to associate the US Presidential candidate and co-founder of Bain Capital with the excesses of Wall Street by showcasing the plight of small-town Americans who had lost their livelihoods when Bain-backed companies downsized or became bankrupt, the film accused the firm, and by implication private equity as a whole, of over-leveraging investee businesses, asset-stripping and having no regard for the human consequences of its actions.

Keywords

Initial Public Offering Private Equity Capital Gain Fund Manager Asset Class 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Mark Bishop 2012

Authors and Affiliations

  • Mark Bishop

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