Port-a-potty company files for bankruptcy to wipe away $2.4bn in debt; well, that headline certainly grabs your attention, doesn’t it? It’s the kind of thing that makes you pause and think, “How in the world…?” And the answer, as so often seems to be the case these days, points straight to the world of private equity. That’s because the company in question, let’s call it “Shit Happens Inc.” (I’m just kidding, obviously) is owned by a private equity firm.
This, unfortunately, isn’t exactly a surprise. Private equity firms have a well-documented playbook. They swoop in, often with leveraged buyouts – meaning they borrow a lot of money to buy the company in the first place.… Continue reading
Hamilton Island, a major Great Barrier Reef holiday destination, has been acquired by US private equity firm Blackstone for an estimated $1.2 billion. The island resort was purchased from the Oatley family, who transformed it into a renowned Australian tropical destination. The resort, spanning over 1,130 hectares, features various hotels, restaurants, retail outlets, a golf course, marina, and airport, supporting a significant on-island community. Blackstone aims to invest in the long-term success of Hamilton Island and build upon the Oatley family’s vision.
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AP News reports Denny’s has agreed to be acquired by a group of investors in a deal valued at $620 million, including debt. The acquisition, approved unanimously by the board, will see Denny’s taken private with shareholders receiving $6.25 per share. The purchasers include TriArtisan Capital Advisors, Treville Capital, and Yadav Enterprises. The deal is expected to close in the first quarter of 2026 if accepted by shareholders.
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Electronic Arts, the creator of popular video games like “Madden NFL” and “The Sims,” is set to be acquired for $52.5 billion in a deal led by private equity firms, potentially becoming the largest buyout of its kind. Silver Lake Partners, Saudi Arabia’s PIF, and Affinity Partners will pay $210 per share, with PIF rolling over its existing stake. This move aligns with PIF’s growing activity in the gaming market, as they’ve previously invested in other major gaming companies. Should the deal be finalized as anticipated, EA will become a private company, with its headquarters remaining in Redwood City, California, and current CEO Andrew Wilson remaining in his leadership role.
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President Trump’s recent executive order could allow 401(k) plans to include higher-risk investments such as private equity and cryptocurrency, potentially changing how millions of Americans save for retirement. This order directs federal agencies to rewrite regulations, allowing employers to offer a wider range of investments, including alternative assets like private equity, cryptocurrencies, and real estate. The move could provide private equity and crypto firms access to trillions in retirement funds, though implementation is expected to take months or longer, with employers likely slow to revise plans. While some investment companies support the measure, previous administrations have been hesitant about including riskier investments in 401(k)s.
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Following its March bankruptcy filing, Hooters has closed approximately 30 company-owned locations across several states. This closure is part of a broader restructuring plan to transition to a purely franchised model, optimizing its business for long-term success. The closures, while impacting employees, are seen as a necessary step to improve the overall health of the chain, mirroring similar strategies employed by other struggling restaurant brands. This move follows previous closures and is attributed to a combination of economic factors, including decreased consumer spending and the need to shed underperforming units.
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Joann Fabric and Craft Stores, after filing for bankruptcy twice in less than a year, is liquidating its assets. This week, 255 locations will begin closing their doors permanently, followed by the remaining 500+ stores in May. Going-out-of-business sales are currently underway at the initially closing stores. The closures mark the end of a significant presence in the fabric and craft retail industry.
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China’s retreat from US private equity investments, as reported by the Financial Times, is sparking considerable concern and debate. This significant shift signals a growing unease with the current US political and economic climate, far exceeding the simple impact of tariffs. The unpredictable nature of the US government under the current administration is a key driver, making it a risky proposition for foreign investment.
This withdrawal carries substantial implications. It’s not simply a matter of less funding for startups; the ramifications extend far beyond that. The impact will be keenly felt by the already stressed US economy. With other sectors already reeling, the reduction in private equity investment, a significant player in the US economic landscape, will likely trigger a domino effect.… Continue reading
Dollar Tree is selling Family Dollar to Brigade Capital Management and Macellum Capital Management for $1 billion, ending a decade-long struggle to integrate the discount retailer. The sale follows years of operational challenges, including supply chain issues and underperforming store locations, ultimately hindering Dollar Tree’s profitability. This divestiture allows Dollar Tree to refocus on its core brand amidst tightening consumer spending and increased competition within the discount retail sector. The new owners plan to address Family Dollar’s pricing and customer loyalty issues. The sale is anticipated to conclude in the second quarter.
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Walgreens Boots Alliance (WBA) has sold its UK subsidiary, Boots, to the US private equity firm Sycamore for $10 billion. This sale follows WBA’s attempts to streamline its business and comes after Boots faced challenges from online retailers and rising costs. Sycamore, known for its turnaround expertise, acquired WBA at a 29% premium, suggesting confidence in Boots’ potential despite recent struggles. Boots’ strong brand recognition and NHS partnerships offer a foundation for future success under new ownership.
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Matt Underwood 
John Q. Hosedrinker