Private equity is generally a pretty bad deal. It is run by big ego “high finance” guys who borrow tons of government money, then buy businesses. They try to goose the businesses by cutting expenses, usually muscle, and by destroying a businesses good reputation. You can see what they did to Toys R US and Sears, here is what they have done to hospitals:
https://www.nbcnews.com/news/us-news/death-rates-rose-hospital-ers-private-equity-firms-took-study-finds-rcna233211