Find more information on the issues deeply affected by private equity investments:
Newly released investigation finds all eleven of the largest firms received grades of “C” or lower, with seven earning failing grades. On November 13, 2023, the Private Equity Stakeholder Project released a first-of-its-kind Private Equity…
First-Ever Scorecard Grades Biggest Private Equity Firms On Labor Practices A new labor scorecard developed by the Private Equity Stakeholder Project underscores a pattern of hazardous or negligent labor practices within the industry. All eleven private equity…
Private Equity Stakeholder Project and United for Respect launched its labor rights platform this week on International Workers’ Day. Knowing that the private equity industry must correct its course and improve its treatment of workers, PESP and members…
UK-based private equity firm BC Partners struggled to raise its last buyout fund, BC European Capital X, in 2017. Now, BC Partners is behind in fundraising for its newest buyout fund, BC Partners XI and has asked investors for more…
Bloomberg investigated how PetSmart employees have been reporting unsafe conditions throughout the pandemic, including shortages of personal protective equipment and their lack of paid sick leave. Bloomberg, September 30, 2021: PetSmart Investors Prodded by Labor Group Over Worker Safety…
UK-based private equity firm BC Partners struggled to raise its last buyout fund, BC European Capital X, in 2017. History may be repeating itself with BC Partners’ newest buyout fund, BC Partners XI. BC Partners began talking with investors…
Private equity firm BC Partners has siphoned off billions of dollars from PetSmart, while leaving its workforce underpaid, overworked, and exposed to COVID-19. In 2015, BC Partners acquired PetSmart, the largest pet store chain in North America with over 1,600…
Treasurers Demand Public Input in Proposed Corporate Merger Creating the Third Largest Employer Private equity firms Warburg Pincus and BC Partners should explain how they will manage risks related to workers if they are successful in acquiring G4S, a security…
The largest private sector employers in the world, Walmart and Amazon, are well known names. Now, two lesser-known private equity firms, BC Partners and Warburg Pincus, the latter where former US Treasury Secretary Timothy Geithner now serves as president,…
Private equity firm BC Partners has drawn a lot of media attention recently. In October, BC Partners faced a rebuke from lenders and was unable to refinance retailer PetSmart, pulling the plug on its $4.6 billion bond and…
Private equity firm BC Partners owns pet retailer PetSmart, which has 56,000 employees at more than 1,600 locations throughout the US and Canada. PetSmart is the majority owner of fast-growing online retailer Chewy.com (NYSE: CHWY). Just as the COVID-19 pandemic…
