In The News: Private Equity Blasts Antitrust Agencies’ Efforts to Slow Mergers (The Wall Street Journal)
Americans for Financial Reform, a coalition of groups that advocates for tougher financial regulation, said that private-equity roll-ups of small companies have serious anticompetitive effects and need to be reined in. “The private-equity industry has become the primary driver of consolidation and merger activity in the United States and the predatory practices and economic extraction of private-equity firms from their portfolio acquisitions present unique risks to a competitive economy,” the group said in a Sept. 18 letter to the FTC and Justice Department.