PE already got theirs, through the magic of a "leveraged dividend". There's really no bigger scam going these days. From the S&P rating note a couple years ago:
"U.S.-based Instant Brands Holdings Inc. (formerly known as Corelle Brands Holdings Inc.) is issuing a new $450 million first-lien term loan. The company will use the proceeds, along with $100 million in cash, to refinance its existing $200 million term loan due 2024, $100 million seller notes, and fund a $245 million dividend to shareholders."
If you subtract out the refinanced debt the new owners walked away with $100M in company cash and another $150M in borrowed money.
"U.S.-based Instant Brands Holdings Inc. (formerly known as Corelle Brands Holdings Inc.) is issuing a new $450 million first-lien term loan. The company will use the proceeds, along with $100 million in cash, to refinance its existing $200 million term loan due 2024, $100 million seller notes, and fund a $245 million dividend to shareholders."
If you subtract out the refinanced debt the new owners walked away with $100M in company cash and another $150M in borrowed money.