You’ll be hard-pressed to find a worse man-made blight on this planet than private equity firms. All they are good for is making obscenely wealthy investors even more wealthy while destroying companies in the name of “doing business”.
But in the case of Jones & Jones Capital, sometimes doing that business results in a deal closing so egregious that you accidentally purchase your own firm and go bankrupt. And man, is it a glorious sight to see.
We know it sounds confusing (and impossible), but here’s how it works: the firms buy these companies under the guise of “improving them”, then offload their debt onto said companies and then make them pay rent on the land until they can’t afford it anymore. And according to…
