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Private equity's doughnut hole

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Will private equity save itself from itself?

FORTUNE -- Private equity has become the proverbial fat man in the doorway of a doughnut shop. He knows that going inside isn't good for his health, but he just can't help himself. After all, he's fat for a reason.

Today at the SuperReturn International conference in Berlin, speaker after speaker talked about how leveraged buyout prices have become unreasonably high -- driven by both MORE


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