You can clearly debate the merits of private equity — the outsize fees, the debt, the special tax treatment for executives.
Even when, after hours of explaining the merits of private equity, Mr Kavuma changed business owners' minds, many still struggled with the idea that within a few years he would sell the stake he had bought.
Especially since Mitt Romney's résumé became presidential campaign fodder, there has been much debate about the merits of private equity, which is known for its focus on short-term gains.
Suggesting a cash call of perhaps £100m, he said: "Mecom stated this morning that it is, unsurprisingly, considering the merits of an equity raising, in tandem with the ongoing negotiations with its banks.
This is one of the arguments used to extol the merits of private equity, which relies heavily on debt finance.But these strategic reasons for taking on debt may have played second fiddle to a more basic motive: managers' self-interest.
The Huffington Post on Wednesday explored possible reasons for why Romney was hesitant to fully embrace a debate about the merits of private equity.
The plush-on-paper house owners would happily tell me about fantastic places they had dined, share their cruising adventures, and hold little back about the merits of an equity-fueled high life.
On one side are politically minded readers discussing the merits of unions and private equity firms.
In addition, the broader social interest at stake with respect to gene transfer technology would give a new perspective to the question of what kinds of performances are legitimate in sport and how this ties in to concepts of equity, fair-play and deserved merit.
The first refers to a notion of equity based on the need for medical intervention; the latter two refer to the merits of the intervention itself [ 16].
