Leave Poor Private Equity Fat Cats Alone, Says Accountant ; Private Equity

Summary


The current witch hunt on private equity could cause damage to many small and medium size firms and might adversely affect all businesses in the UK, according to one of the West Midlands' leading accountants.

Indeed, the high returns which are being recorded by some private equity houses are a simple reflection of the high risks of investment, claims Henry Briggs, senior partner of Birmingham firm HW.

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Leave Poor Private Equity Fat Cats Alone, Says Accountant ; Private Equity

He cautioned: "The Treasury Select Committee on private equity is in danger of getting it all wrong.

"They, some of the unions and sec...

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