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How the buyer of Subway could turn around the struggling sandwich chain

Aug 25, 2023
A private equity firm has agreed to buy Subway. It may need to close stores in the U.S., but expand overseas.
Subway has struggled for the past decade. The chain has suffered from a scandal with its longtime spokesperson, tough competition, and an excess of franchise locations.
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Banking crisis may be fueling the rise of so-called "shadow banks"

May 15, 2023
Hedge funds and private equity loans might lend like banks, but they're not regulated like them.
Shadow banks are financial institutions that provide loans but don't take deposits.
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How private equity creates a "circle of pain" in the US economy

Apr 27, 2023
Private equity "is a major driver of the enormous gulf between rich and poor in this country," says author Gretchen Morgenson.
The private equity firm Blackstone Group, led by Stephen A. Schwarzman (center) is among the top buyers in leveraged buyouts over the last several decades.
Brendan Smialowski/AFP via Getty Images

Private equity investment is flooding into addiction treatment. Is that a good thing?

Jan 25, 2023
When a new operator took over an addiction treatment center in Nashville, former employees say they saw cutbacks.
Mitzi Dawn works in addiction treatment and spent part of her career as a songwriter. Her “Sing & Share” events were part of the offerings she says were cut when a private equity-backed company took over Nashville Recovery Center in 2021.
Blake Farmer/WPLN News

In this housing market, all-cash deals are king

Private equity firms and other real estate investors are taking advantage of high mortgage rates in low-income neighborhoods, says housing strategist Majora Carter.
Housing strategist Majora Carter says that the trend is especially pronounced in low-income neighborhoods, where private equity firms and other companies use all-cash deals to rapidly snap up housing.
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Private equity bought a nursing home, leading to staff cuts and a decline in care

Sep 8, 2022
A new investigation by The New Yorker delves into the acquisition of a Virginia nursing home and what happened next.
A new investigation published in The New Yorker detailed what happened at St. Joseph's Home for the Aged, a nursing home in Richmond, Virginia, after it was acquired by a private equity firm in 2021.
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How private equity is changing the rental market

Mar 2, 2022
Heather Vogell of ProPublica finds short term-oriented corporate investors are increasingly becoming apartment landlords.
"I think what we're seeing is that these companies are acting in ways that are problematic for tenants to meet their investment goals," said ProPublica reporter Heather Vogell.
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For public good, not for profit.

When the IPO market sours, the effects ripple across the economy

Jan 13, 2022
Investors seem less welcoming to IPOs than in 2021.
2021 was a huge year for public stock offerings. But 2022? Maybe not. That could affect venture capital, government budgets and the housing market.
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Private equity will buy up companies to the tune of $1 trillion this year

Dec 17, 2021
Thanks, in part, to the pandemic — and the low interest rates that have accompanied it.
Private equity firms, largely invested in by endowments and pension funds, often buy companies saddled with debt, revamp them and sell them for a profit.
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Pandemic puts more rental properties in private equity hands

Oct 21, 2021
Investment firms might be able to pay more for renovations, but critics say they accelerate evictions.
With landlords dealing with financial stress brought on by COVID, selling properties to private equity firms can be appealing.
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