The process by which a public company ceases to be a public company is referred to as going private. The entire equity of the public company is purchased by a smaller group of investors. If a public company is bought using funds collected by the compary's directors and officers, it is referred to as a The outside equity in a buyout often comes from a private equity fund. Going private affects the fiabilities and equity side of the balance shect and rearranges the ownership structure. Private equity funds raise capital from inshtutional investors and high-wealth individuals. With this capital, private equity funds work toward increasing the value of the company and devising a strategy for a profitable exit plan. Consider the following statement about the benefits of ooing private from the company's perspective: Marlager eliciency tends to increase when companies go pervate. Is the ntikement tue or false? True folset