"Sun Capital - a #PrivateEquity firm - bought up ShopCo and then required ShopCo to sell all of its physical stores and then lease the stores back in perpetuity. Now you can see how that would make a lot of sense if you're a short term investor; you get the initial pop of the sale. But it's tough for the long term investor, because it used to have assets that it could rely on, now it's saddled with these long term lease obligations..."

#BrendanBallou, 2023

https://freakonomics.com/podcast/are-private-equity-firms-plundering-the-u-s-economy/

@feld