They sold off all of toys r us real estate to one of their holding companies, and pocketed a 250 million dollar “fee” while doing so. They then leased the real estate back to toys r us at exhorbitant rates. They Also sold off inventory that toys r us had aquired and made them go just in time on everything. When the dust had settled, the private equity company still had the real estate, pocketed hundreds of millions in fees, and just walked away. All of these deals are structured so the PE companies can’t lose. It’s also a huge problem in health care right now.