They exist as a consequence of how company ownership works (i.e. that it can be bought and sold). You would need to figure out some quite specific wording to pr

They exist as a consequence of how company ownership works (i.e. that it can be bought and sold). You would need to figure out some quite specific wording to prevent this without also preventing all kinds of other kinds of transfer of company ownership. In principle, private equity firms could be a net positive: they could take over a business that's failing or just not living up to its potential, and turn around the management of it to improve it for all concerned. They often market themselves on this concept. In practice it rarely seems to work this way, where either they fail to make any return on their investment or they basically do this kind of monopolising, short-term extortion of customers. Often both. (Patrick Boyle has a video on them from the financial side if you want some details: https://www.youtube.com/watch?v=bfUOPDOLHvE https://www.youtube.com/watch?v=bfUOPDOLHvE TLDW: they often aren't a great deal for investors, either)