Find more information on the issues deeply affected by private equity investments:
The Private Equity Stakeholder Project and the Cornell ILR Worker Institute invite you to an online forum on Thursday, October 21 from 1-2:30 p.m. ET. At this online forum you will hear from workers employed by private equity-owned…
Private equity firms have often taken a low road approach and sought to reduce wages, benefits, and staffing at firms they acquire – with devastating consequences to thousands of workers, their families and their entire communities. The private equity industry…
Workers at Freddy’s Frozen Custard and Steakburgers— a Kansas-based franchisor of fast-casual restaurants with stores in more than 30 states — struck for the third time in the past year over COVID safety concerns. Private equity firm Thompson Street…
In the last year and a half, Apollo Global Management has almost doubled the total number of employees at companies it owns, growing from about 290,000 employees to over 550,000. In May 2020, Apollo was the lead investor in a…
“We are asking for Cheesecake factory to invest in us – before you invest in them” The private equity firm Roark Capital was able to make a $257 million profit (from April 2020 to July 2021) from their partial ownership…
The Private Equity Stakeholder Project has published a report documenting rampant wage theft at fast food companies owned by Atlanta-based private equity firm Roark Capital Partners, such as Dunkin’ Donuts, Jimmy John’s, Sonic Drive-Ins, and others. Roark Capital specializes…
The Guardian exposed how things deteriorated soon after OpenGate Capital acquired Hufcor, a family-owned company founded in Janesville 120 years ago. Workers told reporter Steve Greenhouse, “They basically told us ‘We don’t want to get to know you.’” In late…
OpenGate Capital is a Los Angeles-based private equity firm with $1.1 billion in assets. In a span of less than four years, OpenGate Capital ran at least five companies out of business, putting more than 1,300 U.S. workers out of…
The private equity firm KKR recently acquired a majority stake in Refresco, the world’s largest independent bottling company. Refresco produces beverages such as BodyArmor Sports Drink for Coca-Cola, Gatorade for Pepsi, Arizona Iced Tea, and Tropicana juices.
Garment workers in Nicaragua and Honduras went on strike to fight back against layoffs due to factory closures. These factories are owned by Tegra, which is owned by the private equity firm Apollo Global Management. Sourcing Journal, June 7, 2021:…
Roark Capital is an Atlanta-based private equity firm that specializes in buying and running franchise businesses, especially within the food and restaurant industry. There have been a number of recent news stories about restaurants and fast-food chains struggling to…
