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I doubt PE needed to do any convincing - they just sit back with their billions and let the greedy come to them. Wayne Berson and his cronies pushed that esop through and got PAID. Now BDO is strapped with some ~11% interest rate on a multibillion dollar loan.
$2B is multi billion, it was in 2 tranches. One was $1.3B the other $700M which equates to $2B total loaned
Expand on the specifics
Private equity do nothing good for society a bunch of leeches is all they are.