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'Barbarians or benefactors? The rise and rise of private equity' - The Guardian (UK)

"The Transport & General Workers' Union warned yesterday about the potential Sainsbury's bid. Brian Revell, T&G national organiser for food and agriculture, said: 'Such a takeover would be based on borrowed money followed by extracting as much wealth as possible from the company ... Private equity does not create wealth; they extract it for their shareholders.'"

Continue reading: Jill Treanor and Terry Macalister, ‘Barbarians or benefactors? The rise and rise of private equity’, The Guardian (UK), February 6, 2007.