Find more information on the issues deeply affected by private equity investments:
Reuters reported recently on several U.S. private equity firms that have bought coal plants, despite the industry’s decline, using a strategy in markets where regulators pay to be on standby for emergency power capacity. In a March 2, 2021,…
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…
The Washington Post on Monday detailed how private equity Blackstone’s ability to extract so much money out of Apria Healthcare is an example of how the profits flowing to private equity owners can be disconnected from the realities of…
Helping to peel off some of the layers of mystery surrounding the practices of private equity firms, Matthew Goldstein of The New York Times examined dividend recaps, “a kind of borrowing long condemned for loading up companies with debt…
The health care industry has increasingly been a target for private equity investment. This is despite the fact that private equity investment in health care companies carries substantial risk to patients, workers, and investors. Firms typically take controlling ownership stakes,…
Apria Healthcare provides home respiratory therapy, home infusion therapy and home medical equipment. Private equity firm the Blackstone Group has owned Apria since it took the company private in October 2008.[i] In December, as the COVID-19 pandemic spiked in…
Private equity-backed companies comprised the majority of oil and gas producer bankruptcies in 2020. Of the companies that filed for bankruptcy last year, 57 percent are backed by private equity firms, or 26 of the 46 filings.[1] The high…
The nation’s largest corporate landlords received about $320 million in federal COVID-19 relief subsidies, but still filed thousands of evictions — even during the CDC moratorium. After months of research into eviction data and COVID-19 subsidies, Jobs With Justice…
The nation’s largest corporate landlords received about $320 million in federal COVID-19 relief subsidies, but still filed thousands of evictions — even during the CDC moratorium. After months of research into eviction data and COVID-19 subsidies, Jobs With Justice…
On Wednesday, January 6, 2021, Blackstone Group Chairman and CEO Stephen Schwarzman condemned the mob that stormed the US Capitol to disrupt the certification of election results, though he stopped short of condemning President Donald Trump’s role in inciting the…
Filling in the Gaps on Blackstone’s energy investments Key Points – Private equity firm The Blackstone Group recently released a brochure describing its environmental, social, and governance (ESG) program that left out information about the firm’s extensive fossil fuel…
Oil company bankruptcies are on the rise, on track in the first nine months of 2020 to hit the highest number since the 2016 price downturn. However, compared to 2016, this year’s bankrupt companies are carrying substantially more debt.
