Opinion: In memoriam of Blue Harvest — private equity giveth, and it taketh away
You have to be careful when you swim with sharks — sometimes private equity sponsors. Sadly, for New Bedford, Blue Harvest did business with the Dutch private equity firm Bregal Partners. There’s a lot to unpack here, but one thing that sticks out is why a Dutch financial firm would have an interest in a New Bedford fishing company? Big fans of cod? Nope. Money. The answer is always money. The point here is not to blame the process — it’s to learn to avoid the greedy players involved and reflect on why we all did not see it coming. Or at the very least for being surprised it happened. more, >>click to read<< 16:59
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