I don’t know why you’re trying to naturalize private equity behaviour. It’s not some immutable law of nature, it’s a shitty consequence of our current set of laws and economic system. Our society could be better.
The executives and boards who sell to these kinds of private equity companies know exactly what they’re signing up for. It’s a parasitic relationship, it isn’t dignified, but it’s less wasteful in some global market sense than self-immolation (i.e. ceasing operations).