Find more information on the issues deeply affected by private equity investments:
In July 2019, private equity firm Platinum Equity reported using two placement agents, VolcomCapital SA and Magenta Capital Services Ltd., to raise capital from non-US investors for Platinum Equity Capital Partners V.[i] VolcomCapital was founded by Sebastián Piñera…
Leonard Green & Partners owns Prospect Medical Holdings, a safety net hospital chain that operates seventeen hospitals in five states. Over the course of their ownership, Leonard Green and other owners have collected at least $658 million in fees and…
Over the last decade at least 600,000 people working at private equity-owned retailers have lost their jobs due to bankruptcies and store closures. Over the last decade at least 600,000 people working at private equity-owned retailers have lost their…
Earlier this week, lawmakers from California, Pennsylvania, Connecticut, Texas and Rhode Island sent a letter to private equity firm Leonard Green & Partners regarding its investment in safety net hospital company Prospect Medical Holdings, which owns hospitals in California,…
Members of Congress have sent a letter to Leonard Green & Partners asking the firm return the $658 million in fees and dividends it and other owners collected from safety net hospital chain Prospect Medical Holdings. A copy of…
Last week, Private Equity Stakeholder Project sent letters to states’ Attorneys General and other regulators in states where Prospect Medical Holdings owns hospitals. Prospect Medical Holdings is a safety net hospital company owned by private equity firm Leonard Green &…
Private equity firm Leonard Green & Partners owns safety net hospital chain Prospect Medical Holdings. The Leonard Green-led ownership group has drawn $658 million dollars in fees and dividends from Prospect Medical Holdings even as the hospitals suffered operating…
Clothing retailer J. Crew, which is owned by private equity firms TPG and Leonard Green & Partners, filed for Chapter 11 bankruptcy today.[i] It is the first major retailer to file for bankruptcy during the COVID-19 pandemic. While…
Last Monday, dozens of Toys “R” Us employees from around the country visited KKR, Bain Capital, and Vornado’s offices in New York City. Private equity firms KKR and Bain Capital and real estate firm Vornado took $464…
Retail chain Toys “R” Us recently began liquidation, closing 800 stores and laying off 33,000 employees.[i] Toys “R” Us collapsed under more than $5 billion in debt piled on by private equity firms KKR and Bain Capital and…
Private equity firms KKR and Bain Capital, and real estate firm Vornado Realty Trust last year took retailer Toys “R” Us into bankruptcy. The retailer recently announced it is liquidating, closing all of its stores and laying off its…
