Greatly simplified, but here's what really happened -
The only folks who benefited from Remington being sold to the venture capital folks were the venture capital folks.
They bought a company for a lot of money that had very little debt. They then forced the low-debt company to borrow a lot of money to fund expansions/acquisitions/etc. More money than the original transaction.
Then, the VC people ran it into the ground, as they had their money back plus a bunch. Reminton was unable to recover from the crippling debt and lost expertise of the previous senior management fired by the VC folks.
