The year in private equity

What started out as a banner year for buyout deals quickly soured when the credit crisis hit. A look at the biggest stories of the year, and what's in store for 2008.

Backlash grows
Backlash grows
The frenetic pace of high-profile deals thrusts the industry into the spotlight and shareholders and unions start voicing criticism.

Critics say that buyout firms profit at the expense of shareholders and workers by loading companies up with debt and cutting expenses and jobs to pay for it.

Talk mounts that Congress is considering legislation to raise the tax on profits earned by private equity fund managers.

Jan.

Feb.

March

April

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.