Explore the issues
Find more information on the issues deeply affected by private equity investments:
H.I.G. Capital’s Companies Mired in Regulatory and Headline Risk
H.I.G. stands out from its peers for repeated problems with regulatory and reputational risk across multiple companies, including federal lawsuits for health care fraud and notoriously poor quality at its prison services companies. H.I.G. companies with compliance issues include: Community…
Roark Capital CEO Donated Thousands to Former Senator David Perdue as He Sought to Overturn the Presidential Election
Roark Capital is an Atlanta-based private equity firm with $23 billion in assets under management. Roark specializes in franchised businesses in the restaurant, retail, and health and wellness sectors. Roark’s Inspire Brands division, which includes well-known brand names like Dunkin’…
Illinois, Oregon State Treasurers Call on Private Equity Firms to Explain How They Will Manage Risks in Acquiring G4S
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…
Private Equity Firms Warburg Pincus and BC Partners Vie to Become Third Largest Private Sector Employer in the World with G4S Deal
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,…
Jails and Prisons Served by H.I.G. Capital-owned Wellpath face COVID-19 outbreaks, deaths, concerns regarding staffing levels
H.I.G. Capital’s prison and detention health care provider Wellpath and its predecessors Correct Care Solutions and Correctional Medical Group companies have faced concerns for years about whether the company provides sufficient and adequately trained healthcare staff at facilities it…
Private equity-owned health care providers could exacerbate COVID-19 outbreaks concerns at jails, prisons, and detention centers
Two of the largest health care providers to jails, prisons, and detention centers in the US, Wellpath and Corizon, are owned by private equity firms, HIG Capital and BlueMountain Capital, respectively. Resources: July 2019: “HIG Capital’s and Wellpath’s Correctional…
AFT, Worth Rises, Color of Change, PESP call on private equity firms to halt prison and detention companies’ predatory practices during the COVID-19 pandemic
The COVID-19 pandemic poses an unprecedented risk for people who are incarcerated or detained. Prisons and jails are breeding grounds for infection as people are crowded into tight quarters and forced to share cells and showers, making social distancing impossible…
Private Equity’s Responsibilities During the COVID-19 Pandemic
(pdf version) Over the last several years, the private equity and private funds industry has grown dramatically and, in the process, has come to touch more and more aspects of people’s lives. Private market assets under management hit an…
Following ACLU report, Endeavour Capital exits bail bond investment
Over the past few decades, the number of Americans incarcerated in jails has swelled, contributing significantly to the nation’s mass incarceration crisis. On any given day, more than 400,000 people are in jail even though they have not been convicted…
Report: American Securities’ Big Bet on Prison Phone Calls
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…