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…

Private Equity Investors Prioritize ESG| Coller Capital

According to Coller Capital’s Private Equity Barometer: Three quarters of Limited Partners say climate change and healthcare/biotech will change their investment priorities in the post-covid world Half of Limited Partners believe a strong ESG policy boosts PE returns Risks to PE returns have risen significantly – but it’s still a good time to invest, LPs…

Carlyle Ties Loans to Board Diversity – The New York Times

Today, the private equity firm Carlyle will announce a $4.1 billion credit facility for its portfolio companies that ties the price of debt to the diversity of a company’s board. The facility, which the firm says is the largest of its kind in the U.S., is part of an “integrated approach to building better businesses,”…