Private equity (PE) funds, in the spotlight after the death of Coffee Café Day founder V G Siddhartha, have sought to dispel speculation about any wrongdoing in their funding methods.
They say the notion that PE investors leverage bait-and-switch to lure promoters and entrepreneurs into lose-lose situations through debt products is misleading. A letter purportedly written by Siddhartha days before his death said: “I fought for a long time but today I gave up as I could not take any more pressure from one of the PE partners forcing me to buy back shares.” He had also ...
They say the notion that PE investors leverage bait-and-switch to lure promoters and entrepreneurs into lose-lose situations through debt products is misleading. A letter purportedly written by Siddhartha days before his death said: “I fought for a long time but today I gave up as I could not take any more pressure from one of the PE partners forcing me to buy back shares.” He had also ...
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