Private equity (PE) is well placed to lead sustainable investing. The industry is large – so large that society won’t be able to tackle the climate crisis and other major challenges without the active participation of PE firms and their portfolio companies. In the last 15 years, the industry has been a steadily growing area…
Category: private equity
Private equity firms tried to shoplift $4 billion from Albertsons before selling it to Kroger, until a judge stopped them — for now
In Slate, Moe Tkackik has an excellent analysis if the proposed Albertsons/Kroger merger, what he calls our “cash-extractive economy.” A judge has paused the deal, which would divert $4 billion from the companies to the private equity partners, [T]he current norm [is] that views every realm of commercial activity as first and foremost a vehicle…