Find more information on the issues deeply affected by private equity investments:
American Securities’ GTL, the largest correctional telephone and communications provider, has faced scrutiny for exorbitant phone and video-calling rates, flaunting legal protections, allegedly bribing government officials, and growing regulatory risk. Full report available here. Key Points: American Securities’ ownership…
In buying up and combining two correctional service companies, Trinity and Keefe, HIG Capital’s TKC has an incentive to serve poor quality meals, which have been blamed in part for protests, contract terminations, and increased public health risks. Our new…
Earlier this week, Senator Elizabeth Warren and Representatives Alexandria Ocasio-Cortez and Mark Pocan sent letters to several private equity firms profiting from incarceration and detention. Apax Partners, which owns electronic monitoring company Attenti, pushed back, insisting its investment…
Our new report looks at the risks of private equity firm H.I.G. Capital’s investment in prison and detention center healthcare provider Wellpath. Key Points: Over the past several years, private equity firm HIG Capital has built up one of…
Private Equity firm Platinum Equity owns Securus, one of the largest providers of phone, email, money transfer, and electronic monitoring services to jails, prisons and immigration detention centers in the U.S. In May, the Pennsylvania Public School Employees Retirement…
(Fact sheet available here) A handful of private equity firms, drawing on capital from pension funds, foundations, endowments, insurance companies, and other institutional investors have invested heavily in companies providing services to prisons, jails, and detention facilities around…
