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…
In its latest story on the impact of private equity on workers, Bloomberg describes how previously family-run furniture chain Art Van was sold in 2017 to private equity firm T.H. Lee to take over the retail operations. The business…
“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…
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…
Despite calls from public officials and unions, companies have failed to address how they will support employees and manage risks Yesterday, security company GardaWorld bowed out of the bidding for giant rival G4S, setting the stage for Allied Universal, owned…
In January, private equity firm Thomas H Lee Partners launched fundraising for its newest flagship buyout fund, Thomas H Lee Equity Fund IX, seeking to raise $4.25 billion. T.H. Lee has enlisted placement agent Rede Partners to aid…
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…
The private equity-owned retailer’s market share has shrunk and staffing cuts mean employees are stretched Private equity-owned pet supply retailer Petco is seeking to raise $744 million this week through an initial public offering (IPO).[1] In recent months,…
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,…
Private equity firm BC Partners is already among the larger private equity firms by total number of portfolio company employees, with nearly 250,000 employees at companies it owns globally. With portfolio company GardaWorld’s proposed acquisition of competitor G4S (530,000…
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…
