Private equity Who needs friends?

To understand the current backlash against private equity, look no further than the Texas Pacific Group website. Until recently, there wasn’t even such a thing. And what there is now consists of a brief company description, a list of recent press articles, and the firm’s contact details. Yet this powerful US private equity group has ambitions to buy J. Sainsbury, the UK’s second-biggest supermarket chain. Anxious employees, customers and suppliers wanting to find out more will be little wiser. N...