Roark wraps up acquisition of Subway
Last month, regulators approved private equity firm Roark Capital’s acquisition of sandwich giant Subway following a probe by the Federal Trade Commission. In November 2023, the FTC announced…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
Finalization of Blackstone acquisition of Tricon Residential stands to worsen affordable housing crisis
This month, private equity firm Blackstone, the world’s largest landlord, finalized its acquisition of Tricon Residential, expanding its inventory of single-family rental homes to 66,000 properties in the U.S. Since its announcement in January, the deal…
KKR failed to report 93 million metric tons of CO2e emissions
KKR’s estimated emissions over 6,500 times higher than the firm reported to investors. The firm’s continued investment in Liquefied Natural Gas (LNG) raises alarm over stranded asset risk. With over half a trillion dollars ($553 billion) in assets…
Pension retirement capital at risk from billions invested in liquefied natural gas
The U.S. liquefied natural gas (LNG) export industry is growing rapidly, expanding from zero export capacity in 2015 to becoming the largest exporter in the world in 2023.[1] Private equity firms are sinking billions of dollars into building…
Private equity-owned hospice company agrees to pay $4.2 million settlement
On May 1, 2024, the Department of Justice (DOJ) announced it had reached a $4.2 million settlement agreement with private equity-owned home health and hospice company, Elara Caring, to resolve allegations that it defrauded Medicare in violation of the…
Corporate landlords accused of housing discrimination
Corporate landlords have a large amount of control over the US housing market. [1] This places them in a unique position of having enough power to impact the class and racial makeups of certain communities.
Private Equity in Healthcare – PESP’s April 2024 Roundup
Each month, PESP’s Healthcare Team will be putting together a roundup that shares the latest news stories related to private equity in healthcare and highlights the work that our team has published in the last month. In the news…
New York State Common Retirement Fund adopts labor standards for private equity
On April 23, New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund, announced the fund’s adoption of a Responsible Workforce Management Policy and Principles for its…
Progress Residential must pay Minnesota tenants millions in restitution, debt forgiveness
On March 15, Minnesota Attorney General Keith Ellison announced that he reached a settlement with Progress Residential, HavenBrook Homes, and related companies for his February 2022 lawsuit.[1] The lawsuit alleged that the “syndicate of corporations”[2] under-maintained…
Private Equity Healthcare Acquisitions – March 2024
In light of continued investor interest in healthcare and the risks associated with private equity ownership of healthcare companies, the Private Equity Stakeholder Project is tracking private equity-backed healthcare acquisitions. Below is a list of private equity healthcare buyouts,…
Platinum Equity-owned prison telecom company Aventiv defaults, faces uncertain future
Private equity firm Platinum Equity owns prison and jail telecom contractor Aventiv Technologies (formerly Securus). The largest and one of the most predatory providers of phone and communications services to U.S. jails, prisons, and detention centers, Aventiv relentlessly preys upon incarcerated people…
Private equity’s healthcare bankruptcies surging among high debt levels, high interest rates
In 2023, a surge in bankruptcies hit the healthcare sector, sending shockwaves through critical services across the nation. Today, the Private Equity Stakeholder Project (PESP) reveals alarming data in its latest report, “Private Equity Healthcare Bankruptcies…
