Private equity builds businesses for the wider benefit, and has
done so for decades.
But recently, a contrary opinion has developed that asserts
private equity is sometimes value-destructive or
anti-competitive.
This misleading narrative – arguably politically motivated
– began in the United States, but has since migrated north of
the border.
For numerous reasons, including the Bank of Canada's warning
that Canada faces a productivity "emergency," a
counterpoint is appropriate.
In their Business Opinion in The Globe and Mail, the authors explain
that private equity has proven capable of not just promoting
growth, but also higher rates of productivity and efficiency.
Note that, due to The Globe and Mail's limit on the
number of co-authors, Grant McGlaughlin, Antonio Di Domenico and
Paul Blyschak were not credited in the published version.
