MPs invite private equity firms to explain themselves

50 euro notes moneyThe Dutch parliament has organised a round-table meeting with private equity experts at the end of April, to help MPs get a better picture of the ‘damaging effects’ of private equity and to discuss changes in legislation, the NRC says on Thursday.

Events at childcare group Estro, waste processor Van Gansewinkel, retailer Hema and the NRC newspaper are illustrations of the problems private equity can bring, according to Labour MPs.

Some private equity houses use tax and legal constructions to empty the companies they take over, rather than strengthen them, Labour MP Henk Nijboer says in a letter to the parliamentary finance committee.

The guest list includes representatives from Dutch private equity firms such as NPM Capital and Egeria as well as US giant KKR, which owns Van Gansewinkel.

It is not clear from the NRC report if the private equity firms have agreed to attend.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation