Lmst

Barbeques Galore collapse rocks Australia

https://au.finance.yahoo.com/news/barbeques-galore-goes-bust-500-035159811.html?guccounter=1

"Barbeques Galore was purchased by US private equity firm Gordon Brothers in late-2025"

🤦‍♂️

[edited for typos]
Financiers, #PrivateEquity and big corporations exist solely to hoover up money wherever they can. There are no other considerations in their investment decisions. #EatTheRich before you find yourself on the menu, because you’ll never get a seat at the table (kind of paraphrasing the Canadian PM’s speech at Davos)

This occurs not just in classic #StateCapture scenarios when public assets are sold off to mates, but it also occurs in the private sector as well. Case in point: #Healthscope #hospitals.

“In 2019, Brookfield, a Canadian private equity firm, bought all 38 Healthscope hospitals across Australia, and sold the land they on to investors, who then leased it back to Healthscope. Now, the hospitals, who should have been focused on providing healthcare to Australians, have to worry about paying the rent to their land lord.

By 2025, Healthscope was drowning in $1.6 billion in debt and entered receivership to save the 38 hospitals around Australia. All the while, they kept having to pay rent, which kept flowing offshore.

Now, to get out of the conundrum, Healthscope wants to restructure as a not-for-profit business. But the foreign landlords who own the land the hospitals are on are refusing to negotiate rent concessions, even in the event that Healthscope becomes a not-for-profit. This is what happens when private ownership hollows out institutions. Healing people becomes secondary to making money.” (Source: The Point on-line - The Australian Institute, today.

You might say: ‘There’s not much I can do.’, but if you begin by boycotting #PrivateHospitals ,you, know, those that make a buck out of our suffering, that would be a great start. There are consequential flow on effects that I cannot go into here, but it could all be worked out in the end.

South Korea’s financial sector sees a surge in economic activity among those aged 65 and older, with nearly half of senior men remaining in the workforce and 1950s-born leaders, educators, and career-changers actively shaping the industry’s future.
#YonhapInfomax #EconomicParticipation #MiraeAssetGroup #PrivateEquity #SeniorWorkforce #EmploymentRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105107

Global private equity investment surged to $2.15 trillion in 2023, the highest since 2021, with large-scale deals dominating and foreign GPs leading major transactions in South Korea, despite a decline in overall deal count and subdued fundraising activity.
#YonhapInfomax #PrivateEquity #SamjongKPMG #GlobalInvestment #DealVolume #ForeignGPs #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104649

We know how this Blackstone/PNM proposal plays out... extreme profits to Wall Street (and Saudia Arabia) investors while New Mexicans don't get a seat at the table in decisions about our own energy future. Hard pass.

https://www.santafenewmexican.com/news/local_news/blackstone-is-not-welcome-in-new-mexico-residents-slam-proposed-takeover-of-pnm/article_711fcffd-b18f-4b6f-925b-fe0358820d23.html

#NewMexico #PNM #Blackstone #PrivateEquity

Schaamteloze promotie van roofkapitalisten in #ESB
#PrivateEquity #Sprinkhanen
https://esb.nu/private-equity-in-nederland-verdient-gericht-beleid-geen-wantrouwen/

Here we go again?
Chicago #bank becomes first failure of 2026.
#Metropolitan #banksters #PrivateEquity #CommercialRealEstate #Loans
https://www.americanbanker.com/news/chicago-bank-becomes-first-failure-of-2026

It hung on a little longer in Canada - but now undone.

Who's guilty? Greedy investors, mis-management, competition, pricy rents, changing consumer tastes?

Yes.

Toys “R” Us Canada files for creditor protection, owes vendors $120M

https://www.ctvnews.ca/business/article/toys-r-us-canada-files-for-creditor-protection/

#toysrus #retail #economy #layoffs #Canada #privateequity

Why are private equity investors buying up fostering agencies & homes in England?

Well, if you think its because they have a better idea of how to support & enhance the well-being of vulnerable your people, you're an incurable optimist.

What the PE firms see is a sector where fee income can be increased easily & money siphoned out of the system to feed investors' 'need' for returns.

Once again we are seeing profiteering on the backs of the vulnerable!

#children #PrivateEquity
h/t Observer

Mom shares hard truths for travel ball parents who think their kids will get a sports scholarship

https://fed.brid.gy/r/https://www.upworthy.com/mom-has-hard-truths-for-travel-ball-parents-who-think-their-kids-will-get-a-scholarship

1/2 Wednesday #DailyTracks : We warned extensively, probably five years ago now about #PrivateEquity deals and rollups in the #MusicSoftware industry and #MusicInstrument retail spaces having come to own more than ~ 70% of businesses in the US marketplace. We talked about why that was dangerous and that if things went south more than half of total industry could be at risk…
#NativeInstruments has just entered insolvency hearings. #Izotope, #PluginAlliance and several others are rolled into that…

YeByeol General Insurance attracts top-tier bidders including major financial groups and a U.S. private equity firm, but regulatory hurdles and market skepticism cloud the sale’s prospects.
#YonhapInfomax #YeByeolGeneralInsurance #HanaFinancialGroup #KoreaInvestmentHoldings #PrivateEquity #InsuranceMA #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=102164

Leica Camera Considering Selling a Majority Stake for $1.2 Billion: Report https://petapixel.com/2026/01/26/leica-camera-considering-selling-a-majority-stake-for-1-2-billion-report/ #leicacameraag #privateequity #blackstone #leicasale #Industry #business #industry #leica #News #sale

Engadget: Vimeo lays off most of its staff just months after being bought by private equity firm. “Vimeo just got hit by a brutal round of layoffs, according to a report by Business Insider. Staffers are posting on various social media sites that the layoffs have impacted most of the company, including the entire video team. Vimeo is a video-hosting platform, so that sounds bad.”

https://rbfirehose.com/2026/01/26/engadget-vimeo-lays-off-most-of-its-staff-just-months-after-being-bought-by-private-equity-firm/

@claudius Na so ein Zufall, dass auch hier #PrivateEquity in Form von #ThomaBravo hintersteckt, die #Sophos seinerzeit geschluckt haben:

https://www.thomabravo.com/

Schaut mann dann mal auf das Portfolio, kommen da auch Companies wie Darktrace, N-Able, nintex oder Proofpoint drin vor.

Ja, das Netz ist kaputt.... #PE #diday

‘It's good to know the company "remains committed to growing Vimeo" after firing just about everyone that works there. One former employee said on X that it "sucks to see something I built killed by private equity in a technology company skin suit."’

#Vimeo #privateEquity

https://www.engadget.com/big-tech/vimeo-lays-off-most-of-its-staff-just-months-after-being-bought-by-private-equity-firm-184556023.html