Find more information on the issues deeply affected by private equity investments:
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…
Roark Capital’s Inspire Brands division owns some of the largest fast-food chains: Dunkin’ Donuts, Arby’s, Jimmy John’s, Hardees, Buffalo Wild Wings, and Sonic. According to a recent Newsweek article, Sonic parent Inspire Brands, owned by Roark Capital, recently sent…
Earlier this week, Bloomberg reported that private equity firm Apollo Global Management is leading a group of investors trying to buy a roughly $10 billion stake in Saudi Aramco’s oil pipelines. The deal would reportedly be one of Apollo’s largest…
CNBC shared the story of what happened when Victor Washington fell nearly four months behind on his rent last fall and winter. He had health issues that caused him to use up his paid sick days, and was forced…
Just three months into 2021, private equity firms have already collected hundreds of millions of dollars in debt-funded dividends from health care companies they own, including companies that collected CARES Act aid. Dividend recapitalizations are transactions by which…
Two dozen climate justice organizations are calling upon private equity firms to develop a plan with clear benchmarks to shift to pollution-free energy portfolios; plan for a just transition for workers and communities impacted by current fossil fuel holdings; and…
“In a deal like this, the ones who really bear the risk for that debt are the 800,000 workers around the world.” — Private Equity Stakeholder Project Executive Director Jim Baker. Earlier this week the American Prospect reported on…
Last week, the Blackstone Group made headlines for extracting hundreds of millions of dollars from a health care company accused of fraud and then cashing out further by taking it through an IPO. Blackstone is a repeat offender when…
PESP Executive Director Jim Baker was a guest speaker at UNI Global Union’s annual G4S Global Alliance forum, highlighting the amount of debt the British multinational will have if it is over by private equity firm Warburg Pincus and…
In light of the growing investor interest in health care and the risks associated with private equity ownership of health care companies, the Private Equity Stakeholder Project will be tracking private equity-backed health care acquisitions. Below is a list…
Private equity and debt firm Oaktree Capital owns thousands of apartments around the US. Despite the CDC eviction moratorium, affiliates of Oaktree Capital have continued to file and advance residential eviction cases. Oaktree Capital affiliates have filed at least 270…
