Find more information on the issues deeply affected by private equity investments:
The United Electrical, Radio and Machine Workers of America (UE) and the Private Equity Stakeholder Project (PESP) sent a letter to the PRI Board of Directors requesting the delisting of PAI Partners after the private equity firm and PRI…
The Fight for $15 began ten years ago with mass strikes by workers at McDonald’s and other fast-food companies in multiple cities across the U.S. Since then, the $15 minimum wage has gained an enormous amount of traction and has…
Private Equity Firm Sycamore Partners’ Brands Must Ensure Garment Workers Receive $7.8 Million in Unpaid Compensation The clothing store chains Lane Bryant and Torrid are portfolio brands of private equity firm Sycamore Partners.[1] The Brilliant Alliance Thai Global garment…
Workers have been on strike in Alabama for nearly 10 months Since April 1, 2021, 900 mineworkers have been on strike after saving their employer more than $1 billion during and after its bankruptcy through cuts in pay, overtime,…
Inequality.org reviewed the damages caused by Henry Kravis and George Roberts, the billionaire founders of KKR, “America’s first nationally celebrated “private equity” giant” as they step down as the company’s co-CEOs. According to Inequality.org, Kravis’ and Roberts’ KKR portfolio currently…
Right before the Thanksgiving holiday, Bojangles restaurant workers in Burnsville, NC, participated in their second action against private equity-owned Bojangles. They began a week-long strike on November 23 against their employer’s mishandling of COVID cases and also for…
Private equity firm PAI Partners prides itself on its responsible investing and on its stated concern for environmental, social and governance (ESG) issues. However, the business practices of its portfolio company Refresco directly contradict PAI Partners’ ESG policy. In…
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…
Workers from the Refresco bottling plant in Wharton, NJ, have testified to four public pension boards about the funds’ investments in a union-busting company owned by private equity firm PAI Partners. In June of this year, a majority of the…
In a recent investigation NBC News spotlighted Roark Capital, owner of Inspire Brands — the parent company of fast-food chains such as Arby’s, Dunkin’, Baskin-Robbins, Sonic, Cinnabon and Seattle’s Best Coffee. NBC News estimated that more than 700,000 people work…
NBC examined how workers earning already low wages experienced “reduced circumstances” after their company is taken over by a private-equity firm. NBC, October 9, 2021: Working for companies owned by well-heeled private-equity firms can mean lower wages for employees…
The Private Equity Stakeholder Project (PESP) has submitted testimony for the U.S. Senate Banking Committee Economic Policy Subcommittee October 20 hearing: “Protecting Companies and Communities from Private Equity Abuse.” PESP’s written testimony for the US Senate Banking…
