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Find more information on the issues deeply affected by private equity investments:
BC Partners Tries to Siphon Off Billions at PetSmart as Workers Ask for PPE and Hazard Pay
Private equity firm BC Partners owns pet retailer PetSmart, which has 56,000 employees at more than 1,600 locations throughout the US and Canada. PetSmart is the majority owner of fast-growing online retailer Chewy.com (NYSE: CHWY). Just as the COVID-19 pandemic…
Leonard Green & Partners Faces Increasing Scrutiny from Regulators and Investors on Prospect Medical Holdings
The Rhode Island Attorney General and Department of Health, which are reviewing Leonard Green’s application to exit its majority stake in the embattled hospital system, in late October extended their review process for a change in…
Private Equity Health Care Acquisitions – October 2020
As the COVID-19 pandemic wears on, private equity investment in health care continues to outpace the broader industry, and analysts expect that trend to continue. The sector has remained resilient to the pandemic and private equity deal activity is steadily…
Blackstone’s Description of ESG Practices Leaves Out Key Information on its Fossil Fuel Investments
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…
Passing on Sycamore Partners’ Bid May Have Saved 40,000 Jobs at J.C. Penney
Department store chain J.C. Penney filed for bankruptcy in May, closing a number of stores and laying off workers. Private equity firm Sycamore Partners, which also owns retailers Staples, Belk, and The Limited,…
NBC News: “Large Corporate Landlords Have Filed 10,000 Eviction Actions in Five States Since September”
Earlier this week, NBC News featured a lengthy investigative story by Gretchen Morgenson on evictions by private equity firms and other corporate landlords since the US Centers for Disease Control and Prevention (CDC) announced an eviction moratorium on September 1…
Even During the Pandemic, Some Private Equity Firms Are Still Collecting Debt-Funded Dividends from Health Care Companies
After briefly halting the practice earlier this year, private equity firms’ use of dividend recapitalizations has seen a significant resurgence in recent weeks. Dividend recapitalizations are transactions where private equity firms add debt to the companies they own to pay…
Dividend Recapitalizations in Health Care: How Private Equity Raids Critical Health Care Infrastructure for Short Term Profit
Dividend recapitalizations are transactions by which private equity firms load debt onto companies they own to give themselves cash payouts. The tactic has been widely criticized by both supporters and skeptics of the private equity model for needlessly saddling companies…
Workers, Community Leaders Speak Out about Leonard Green & Partners’ Prospect Medical Holdings
Workers and community members in Waterbury, Connecticut are speaking out about ongoing problems at Prospect Medical Holdings’ Waterbury Hospital. Prospect is a safety net hospital chain owned by private equity firm Leonard Green & Partners. Leonard Green and other owners…
With High Debt, Dozens of Private Equity-Backed Oil & Gas Companies File for Bankruptcy
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.
