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Article: Hotbed hits back over private equity attacks.
- Article from:
- Investment Adviser
- Article date:
- June 25, 2007
CopyrightCOPYRIGHT 2007 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Investment firm says private equity is not just about buyouts and asset stripping
Private Equities
A specialist investment company has hit out at what it calls the "demonisation" of private equity companies, saying that they have brought major benefits to the UK economy.
Gary Robins, chief executive for Hotbed, said that small and medium-sized enterprises seeking growth capital would face problems if their backers were lumped together with private equity, which has suffered heavy criticism.
Private equity firms have come under fire recently because of their participation in huge takeover deals and alleged activities as ...