‘Fat cat’ wealth transfer thriving in huge investor deals buoyed by cheap debt and lockdowns, say analysts
Welcome to the world of private equity, also known as the “billionaire factory”, where already super-rich firms have used low interest rates and their considerable financial firepower to embark on a multi-billion dollar buying spree this year.
Mere mortals were this week given a rare glimpse inside the money-spinning and highly secretive private equity industry – which buys up companies, often using more debt than stock market investors would tolerate, then floats or sells them on again – as the London firm Bridgepoint floated on the stock market.
