Lenders Turn $144 Million Debt into Private Equity Firm After Borrower's Insolvency
Following the January 2024 insolvency of borrower Robby Clark, who owed over $144 million to 177 lenders, those lenders formed BIG North Capital (BNC), a private equity firm, to recover their losses by converting their debt into an equity stake in 185 properties worth approximately $44 million.
Lenders Turn $144 Million Debt into Private Equity Firm After Borrower's Insolvency
Following the January 2024 insolvency of borrower Robby Clark, who owed over $144 million to 177 lenders, those lenders formed BIG North Capital (BNC), a private equity firm, to recover their losses by converting their debt into an equity stake in 185 properties worth approximately $44 million.
Progress
36% Bias Score
Walgreens Beats Q1 Expectations Amidst Restructuring
Walgreens reported exceeding first-quarter expectations with $39.46 billion in revenue and 51 cents adjusted EPS, driven by cost-cutting and store closures despite facing reimbursement pressure, weak consumer spending, and challenges in its primary care expansion; the company plans to close 1,200 st...
Walgreens Beats Q1 Expectations Amidst Restructuring
Walgreens reported exceeding first-quarter expectations with $39.46 billion in revenue and 51 cents adjusted EPS, driven by cost-cutting and store closures despite facing reimbursement pressure, weak consumer spending, and challenges in its primary care expansion; the company plans to close 1,200 st...
Progress
40% Bias Score
Massachusetts Increases Oversight of Private Equity in Healthcare
Massachusetts Governor Maura Healey signed a new law on Wednesday increasing transparency and oversight of private equity firms investing in hospitals, spurred by the bankruptcy of Steward Health Care and its impact on patient care, significantly increasing financial penalties for late reporting and...
Massachusetts Increases Oversight of Private Equity in Healthcare
Massachusetts Governor Maura Healey signed a new law on Wednesday increasing transparency and oversight of private equity firms investing in hospitals, spurred by the bankruptcy of Steward Health Care and its impact on patient care, significantly increasing financial penalties for late reporting and...
Progress
40% Bias Score
Senate Probe Links Private Equity Hospital Ownership to Deteriorating Patient Care
A Senate investigation found that private equity ownership of Lifepoint and Prospect hospital systems led to decreased patient care and safety violations, while owners received millions in payouts; this supports prior research on the negative impacts of private equity in healthcare.
Senate Probe Links Private Equity Hospital Ownership to Deteriorating Patient Care
A Senate investigation found that private equity ownership of Lifepoint and Prospect hospital systems led to decreased patient care and safety violations, while owners received millions in payouts; this supports prior research on the negative impacts of private equity in healthcare.
Progress
48% Bias Score
Park City Ski Patrol Strike Impacts Vail Resorts' Stock
A strike by the Park City Professional Ski Patrol Association at Park City Mountain Resort in Utah has caused significant operational disruptions, long lift lines, and a drop in Vail Resorts' stock price exceeding 5% in a week, due to negative customer experiences shared on social media.
Park City Ski Patrol Strike Impacts Vail Resorts' Stock
A strike by the Park City Professional Ski Patrol Association at Park City Mountain Resort in Utah has caused significant operational disruptions, long lift lines, and a drop in Vail Resorts' stock price exceeding 5% in a week, due to negative customer experiences shared on social media.
Progress
40% Bias Score
Windward.ai Acquired for \$216 Million, Reflecting Maritime AI Growth
US private equity firm FTV VIII acquired Israeli maritime AI company Windward.ai for \$216 million, nearly double its 2021 valuation, marking a significant success amidst market downturn and highlighting the growing value of maritime AI and supply chain analytics.
Windward.ai Acquired for \$216 Million, Reflecting Maritime AI Growth
US private equity firm FTV VIII acquired Israeli maritime AI company Windward.ai for \$216 million, nearly double its 2021 valuation, marking a significant success amidst market downturn and highlighting the growing value of maritime AI and supply chain analytics.
Progress
44% Bias Score
MEC Up for Sale Amidst Financial Difficulties
Mountain Equipment Co-op (MEC) is up for sale again, less than five years after being acquired by Kingswood Capital Management LP for \$150 million, due to financial difficulties, excess inventory, and delayed payments to vendors.
MEC Up for Sale Amidst Financial Difficulties
Mountain Equipment Co-op (MEC) is up for sale again, less than five years after being acquired by Kingswood Capital Management LP for \$150 million, due to financial difficulties, excess inventory, and delayed payments to vendors.
Progress
44% Bias Score
Booming Private Markets Drive Growth for Alternative Asset Managers
Investors are increasingly moving capital into private markets, boosting alternative asset managers like KKR and Apollo, which saw significant gains in 2024; a Bank of America survey indicates that nearly three-quarters of financial advisors plan to increase allocations to these assets, creating a p...
Booming Private Markets Drive Growth for Alternative Asset Managers
Investors are increasingly moving capital into private markets, boosting alternative asset managers like KKR and Apollo, which saw significant gains in 2024; a Bank of America survey indicates that nearly three-quarters of financial advisors plan to increase allocations to these assets, creating a p...
Progress
48% Bias Score
Senate Investigation Exposes Private Equity's Detrimental Impact on Hospital Patient Care
A Senate investigation found that private equity ownership of Lifepoint and Prospect hospital systems led to decreased patient care, increased costs, and significant payouts to investors, with examples including understaffing, health violations, and financial mismanagement.
Senate Investigation Exposes Private Equity's Detrimental Impact on Hospital Patient Care
A Senate investigation found that private equity ownership of Lifepoint and Prospect hospital systems led to decreased patient care, increased costs, and significant payouts to investors, with examples including understaffing, health violations, and financial mismanagement.
Progress
56% Bias Score
True Religion Acquired by Acon Investments and SB360 Capital Partners
True Religion, a Y2K-era jeans brand, was acquired by Acon Investments and SB360 Capital Partners; the brand saw a 20% sales increase in 2023, reaching $280 million, and $80 million in EBITDA, marking a comeback driven by a new marketing strategy targeting a younger and more diverse demographic.
True Religion Acquired by Acon Investments and SB360 Capital Partners
True Religion, a Y2K-era jeans brand, was acquired by Acon Investments and SB360 Capital Partners; the brand saw a 20% sales increase in 2023, reaching $280 million, and $80 million in EBITDA, marking a comeback driven by a new marketing strategy targeting a younger and more diverse demographic.
Progress
40% Bias Score
Wefox Secures €170m Lifeline from Searchlight to Avoid Asset Sale
Searchlight Capital Partners is leading a €170m refinancing package for Wefox, a European insurance company, to avert a fire sale of assets and address significant losses, with an equity raise of €80m-€100m expected to be completed next month.
Wefox Secures €170m Lifeline from Searchlight to Avoid Asset Sale
Searchlight Capital Partners is leading a €170m refinancing package for Wefox, a European insurance company, to avert a fire sale of assets and address significant losses, with an equity raise of €80m-€100m expected to be completed next month.
Progress
40% Bias Score
Counterculture Pioneer Revolutionizes British Food
Jonathan Nunn Nicholas Saunders, a counterculture pioneer, fundamentally changed the way Britons eat through various schemes, leaving a lasting legacy on British food culture.
Counterculture Pioneer Revolutionizes British Food
Jonathan Nunn Nicholas Saunders, a counterculture pioneer, fundamentally changed the way Britons eat through various schemes, leaving a lasting legacy on British food culture.
Progress
8% Bias Score