What you need to know about private equity

Private equity firms may be castigated as “smash and grab merchants”, but you can’t afford to ignore these emerging giants of the financial world.

Private equity businesses have been castigated as "smash and grab merchants" and "deal flippers." Germany's vice-chancellor, Franz Mntefering, famously excoriated them as "locusts that fall on companies, stripping them before moving on." They have been accused of misleading promises, dodging tax and threatening social stability.

Yet they are the emerging giants of the financial world, an alternative asset class that is increasingly attracting investor interest.

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