Lately
The rise and rise of private equity
Oct 18, 2024
Rachel Wasserman, a lawyer and former investment banker, dives into the compelling world of private equity, discussing its rapid expansion in Canada, affecting everything from local vets to major retailers. She sheds light on the risks associated with leveraged buyouts, including higher prices and declining care quality in the healthcare sector. Wasserman also tackles the ethical implications of large investments by Canadian institutions, raising questions about the future of businesses and the economy amid this growing influence.
29:24
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Quick takeaways
- The rising influence of private equity in Canada is reshaping industries like healthcare and retail, often compromising quality of care for profit.
- Concerns over private equity ownership highlight the need for regulatory oversight and alternative ownership models to protect community values and local businesses.
Deep dives
The Rise of Private Equity and Its Scope
Private equity has become an influential force in various sectors, quietly reshaping industries such as healthcare, childcare, and retail. This investment model thrives on purchasing companies with stable cash flows and loyal customer bases, which allows them to exert control over essential services like dental and veterinary clinics. As corporate entities absorb these companies, most consumers remain unaware of this transformation, even as it affects the quality of care and service provided. The significant role of private equity, estimated to be worth around $10 trillion globally, raises questions about its long-term impact on local businesses and community well-being.
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