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Find more information on the issues deeply affected by private equity investments:
Why Did US Pensioners Pay for Platinum Equity’s Fundraising from Foreign Investors?
In July 2019, private equity firm Platinum Equity reported using two placement agents, VolcomCapital SA and Magenta Capital Services Ltd., to raise capital from non-US investors for Platinum Equity Capital Partners V.[i] VolcomCapital was founded by Sebastián Piñera…
New Report: Profit Over Safety: Private Equity’s Leveraged Bet on Packers Sanitation
The Private Equity Stakeholder Project released a new report, Profit Over Safety: Private Equity’s Leveraged Bet on Packers Sanitation, detailing how The Blackstone Group’s Packers Sanitation Services Inc (PSSI), which specializes in cleaning food processing plants, has stood out…
Platinum Equity Still Owns Prison Phone Company Securus as it Embarks on Fundraising
Private equity firm Platinum Equity owns Aventiv Technologies, the parent company of prison and jail phone and communications company Securus, as well as JPay and AllPaid, which provide money transfer services for incarcerated people and their families. Worth Rises’…
Resilience Force Calls Upon Blackstone to Meet with SERVPRO Workers and Improve the Disaster Recovery Industry
Resilience Force has been working for the last two years with workers employed by SERVPRO franchisees and their subcontractors, and other disaster recovery companies. SERVPRO is a Blackstone-owned disaster restoration company with a track record of high-risk practices that…
How Will KKR Apply Its ESG Policy at Newly Acquired Refresco?
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. KKR touts its…
Cashing in on Climate Chaos: CleanupCarlyle.org
The private equity industry has pumped hundreds of billions of dollars into fossil fuel companies with minimal public scrutiny. The Carlyle Group has one of the largest portfolios of dirty energy companies among the diversified private equity firms, as…
Large Private Equity Firms Continue to Expand their Footprints in Healthcare During the COVID-19 Pandemic
Large private equity firms have continued to leave a major economic footprint in the healthcare industry. Since 2009, private equity investment in healthcare has outpaced the rate of private equity investments in general. According to data provider Pitchbook, investment in…
Private Equity at Home: Wall Street’s Incursion into the Home Healthcare and Hospice Industries
As the pandemic continues to change the way Americans view healthcare, the home healthcare and hospice industries continue to proliferate as viable alternatives to traditional nursing homes and hospitals. The growth of these industries has made them attractive targets for…
PE-Owned Aspen Dental Faces Yet Another Investigation for Deceptive Practices
The State of Massachusetts is suing private-equity-owned Aspen Dental Management for deceptive practices, alleging that the company has “has cheated thousands of Massachusetts consumers through a series of bait and switch dental advertising campaigns in a variety of media,…
Private Equity Health Care Acquisitions – February 2022
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…
