> Monotype endured financial difficulties and restructurings, eventually being acquired by the Boston private equity firm TA Associates in 2004
> In 2019, private equity firm HGGC bought Monotype for $825m, acquiring its roster of typefaces and setting it up for even more acquisitions.
Can we just make private equity firms illegal?
I enjoy playing board games. There is a company called Asmodee that was bought by a private equity firm, went on a series of acquisitions and mergers, sold to a different private equity firm (who are currently looking for a new private equity firm to sell to). So many things have gone downhill for boardgaming since private equity got involved. Prices went up, they made it more difficult to get replacement parts, they killed off many products and made a shell of formerly beloved companies like FFG and so much more. Is there actually an example of private equity being a good thing (I mean, other than for the rich people that benefit from the private equity)?
Not without upending capitalism (which, to be clear, I’d be ok with). The thing you are against isn’t private money buying entities, it is that our capitalist system does not align interests among stakeholders and instead is focused 100% on shareholder returns. We need better consumer, employee, environmental protection and to get money out of politics. Easier said than done…
> In 2019, private equity firm HGGC bought Monotype for $825m, acquiring its roster of typefaces and setting it up for even more acquisitions.
Can we just make private equity firms illegal?
I enjoy playing board games. There is a company called Asmodee that was bought by a private equity firm, went on a series of acquisitions and mergers, sold to a different private equity firm (who are currently looking for a new private equity firm to sell to). So many things have gone downhill for boardgaming since private equity got involved. Prices went up, they made it more difficult to get replacement parts, they killed off many products and made a shell of formerly beloved companies like FFG and so much more. Is there actually an example of private equity being a good thing (I mean, other than for the rich people that benefit from the private equity)?