Matt Levine’s Money Stuff: Anti-Private Equity Is Good Business

Private equity

A possibly good business niche would be “private equity front.” That is:

1. These days, “private equity” has some pretty negative connotations in many places, and customers and employees and politicians would prefer for local businesses to be owned by the third generation of the founding family rather than by some Wall Street behemoth.
2. But private equity has lots of money, and also useful scale and skills; it is in many cases the highest bidder for, and most efficient operator of, all sorts of local businesses. And the third generation of the founding family might prefer to get out ...