The obvious confounder, the elephant in the room: private-equity firms tend to pick up companies that are failing!
There's a little more detail in http://www.nytimes.com/2016/06/26/business/dealbook/when-you-dial-911-and-wall-street-answers.html …, but only a little. The whole horizontal here is an exercise in misdirection.
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.