I’ve been updating the website http://www.pbcap.net, with new information I have found on the web.
To summarize, I have found about 1/3 of their investments have either failed or had some issues.
A couple appear to be successful exits, but had issue thereafter. ERI was closed down a little over a year after they sold it, it looks like they may have not received all their purchase price. In addition, Midtown Imaging settled with the Justice Department for several million dollars.
More on the website http://www.pbcap.net, or if you have some information you would like to add, please email me at email@example.com.
I put togeher this website to show the actions of a particpalr Private Equity Group I dealt with. While I know there are 2 sides to every story (and perhaps more), I have learned the real story may never get told.
A lot of people got hurt, by the actions or inactions, and now it is up to the legal system to sort it out.
Unfortunately, while many of us feel we would like are day in court, you can never predict what a judge or jury will do.
Nevertheless, I will stick to my guns and my ethics, and try and do the right thing. I will have my day in court.
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