A PYMNTS Company

Notification and Enforcement of Pe-Backed Consolidation

BY | June 28, 2024

Private equity faces increasing scrutiny from antitrust authorities. Recently, the Federal Trade Commission sued a large financial sponsor and its portfolio company over a long series of acquisitions that allegedly…

Private equity faces increasing scrutiny from antitrust authorities. Recently, the Federal Trade Commission sued a large financial sponsor and its portfolio company over a long series of acquisitions that allegedly consolidated Texas anesthesia markets and sharply raised prices. As the transactions span ten years, a natural question arises as to how they escaped enforcement for so long. Our answer is that the agency did not challenge the acquisitions in their incipiency because they were exempt

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