Have a look at some of the terrible ones. Myer and Dick Smith are probably two I can think of, where they were really dressed up for floats and then disintegrated. It’s not that it happens all the time, but enough to make you cynical
https://foragerfunds.com/news/dick-smith-is-the-greatest-private-equity-heist-of-all-time/
Value of Deal, page-248
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