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awesantoday at 12:59 PM4 repliesview on HN

If it happens all the time and it's positive, you shouldn't need a news story to confirm it. People should just be able to think of examples.

Certainly I'm able to think of plenty of terrible results from private equity take-overs from my own personal experience as an employee or as a customer.


Replies

jcranmertoday at 1:48 PM

Private equity gets a bad rap in large part because the stories they're most famous for are the "PE buys a failing company, and the company subsequently finally fails," with the "failing" word conspicuously absent in most retellings. I'm not sure I've heard one of those stories where the company failed after being acquired by PE where it wasn't already failing before the PE takeover...

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philipallstartoday at 1:23 PM

Well, many things may be going wrong before PE gets involved, or the owners may be retiring and it just will never be the same again even if PE didn't buy. So it's more likely to feel like bad news even if it was still a reasonable outcome.

As a public, well-known example, Dell being taken private in 2013 seemed to work out.

inanutshellustoday at 1:29 PM

I'd guess the majority of those success stories are invisible to the end user.

e.g. simply keeping the company afloat via PE cash.

If I recall correctly, this is what happened to Hilton Hotels. They were collapsing during the housing crisis.

A slightly different scenario but Hertz is a PE success story. It was owned by Ford and bought by a private equity firm. Now it's a standalone company making mint.

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bryanrasmussentoday at 1:56 PM

>If it happens all the time and it's positive, you shouldn't need a news story to confirm it. People should just be able to think of examples.

Most enshittification I am familiar with is because I read it in the news, therefore if non-shittification does happen it is likely I do not hear about it. I suppose the same holds true for other people.

If you were correct and people just had to hear about it then people wouldn't go around worrying about violent crime, because of always seeing on the news, despite it having fallen to historic lows. Instead people should be just walking around talking about how safe and non-violent the streets are nowadays.