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The SKUNK BONDS British disease...toilet paper for money.

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[QUOTE=coalition;1110475]Charmed life of Phones 4U owner..... and arguably crook
So the private-equity owner of Phones 4U is to put the mobile-phone chain into administration after Vodafone and EE pulled out of deals — but you wouldn’t know it from looking at BC Partners’ website.

It carries not a word about the move, saying instead: “Since inception, BC Partners has completed 85 acquisitions with a total enterprise value of €88 billion and has delivered superior returns through economic cycles, demonstrating discipline in bull markets and an ability to invest in attractive opportunities amidst turbulence and recession.

“BC Partners continues to identify attractive investment opportunities by focusing on the best balance of risk and reward for its investors,” it rambles on. BC Partners certainly got a reward from Phones 4U, [B]taking almost £220 million out of the business a year ago by issuing bonds to investors who now face steep losses.[/B]
BC Partners insists that Phones 4U is a “good company” and blames Vodafone: “Their behaviour appears to have been designed to inflict the maximum damage to their partner of 15 years, giving Phones 4U no time to develop commercial alternatives.”

So, how many other 'businesses' have they scalped.
One has to ask...is this really 'business' or is it outright fraud?
[URL]http://www.standard.co.uk/business/cityspy/city-spy-charmed-life-of-phones-4u-owner-9735744.html[/URL][/QUOTE]
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