Private equity is a job winner, not a job loser, according to a study released at the end of January.
Private equity is a job winner, not a job loser, according to a study released at the end of January. The study by AT Kearney management consultants concluded that far from being a threat to jobs, private equity was "a job engine responsible for creating over 1 million jobs in the last four years".
"In Europe, at least 1 million new jobs have been created by private equity over the last four years; significantly faster than in similar companies without private equity capital," the survey said.
"Whilst empirical analysis of a comparable depth has not yet been conducted in an Australian setting, it would be not unreasonable to assume, given the consistency of the private equity model and that many of the private equity firms operating locally are global players, that similar results would be evident here," AT Kearney Australian vice president Jeremy Barker said.
AT Kearney's study analysed the findings from recent empirical studies of more than 30,000 portfolio companies majority-owned by private equity firms.
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