Special Report: How Fed policy enriches private equity, if not workers

By Carrick Mollenkamp MACON, Georgia (Reuters) - Sanders Walker had been working for 13 years at a BWAY Corp factory in Macon, Georgia, when the word came down one September 2011 morning: The company, a maker of plastic and metal containers, was closing the plant. The private-equity firm that owned BWAY when Walker lost his job enjoyed a more satisfying relationship with the company. High-risk debt issued by BWAY helped Chicago-based Madison Dearborn Partners LLC acquire the manufacturer in June 2010 for $915 million. In that partially debt-financed buyout, Madison Dearborn put up just $294 million of its own cash.