Brookfield Asset Management Inc. is heading into Europe’s swelling market storm with its checkbook open.
As many of its rivals refrain from committing capital to the region amid an ever-growing list of risk factors, the US$725 billion Canadian investment giant is making plans to buy in sectors ranging from clean energy to technology, open new offices and raise fresh money.
At more than US$12 billion this year, Brookfield’s spending in Europe has already hit an annual record, data compiled by Bloomberg show, fueled by acquisitions of UK household repairs provider HomeServe Plc, property firms Hibernia REIT Plc and Befimmo SA and slate producer Cupa Group.
Read more: BNN Bloomberg
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.