KKR to float private InvIT in bid to house renewable assets
KKR set up Virescent Infrastucture to manage its investments in green energy assets in India. This will be the second InvIT backed by KKR in India. Private equity firm KKR is setting up a private infrastructure investment trust (InvIT) to house operating renewable energy assets it aims to acquire in India, said two people aware […]
Ford, Mahindra call off auto joint venture
(Reuters) -Ford Motor Co said on Thursday it was calling off its automotive joint venture with India’s Mahindra and Mahindra Ltd due to the challenges caused by the COVID-19 pandemic. The companies said in separate statements that the decision was driven by changes in the global economy over the last 15 months, causing both to […]
Here’s where to invest your money in 2021, financial advisors say
Key Points: Drugmakers Pfizer and BioNTech announced Monday that their Covid-19 vaccine is more than 90% effective, based on data from their drug trials. While there’s no certainty when it or another vaccine would be available, sectors like hospitality and travel are likely to benefit when consumers resume their pre-pandemic spending patterns. Don’t dismiss stocks […]
Thoma Bravo Announces Completion of Strategic Growth Investment in Venafi
Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sectors, today announced the completion of its strategic growth investment in Venafi, the inventor and leading provider of machine identity management. “We are thrilled to partner with Thoma Bravo at a time when companies around the world are realizing that […]
Priory rehab clinics sold to private equity firm for £1.1bn
Waterland deal will create one of world’s largest private mental health services providers The Priory rehabilitation clinic, favoured by celebrities trying to achieve sobriety or tranquillity, has been sold to a private equity firm for £1.08bn to create one of the world’s largest private mental health services providers. The famous Roehampton clinic in south London, […]
The Fight Over JCPenney’s Real Estate Foreshadows the Fate of Malls
Almost every court hearing in the JCPenney bankruptcy case mentioned a fact that, on its face, seems unrelated to the case itself: that the retailer’s successful resolution would save 60,000 jobs. The idea, it seemed, was to drive home the point that the death of JCPenney wasn’t just a sad farewell to a once-proud pillar […]
China Considers Requiring Ant to Sell Finance Investments, Source Says
Chinese regulators are studying plans to force Ant Group Co. to divest equity investments in some financial companies, curbing the company’s influence over the sector, according to a person familiar with the matter. The plans, which would involve pushing Ant to sell some of its minority shares in operations such as banking-related businesses, are part […]
Tesla short sellers lost massive $38 billion in 2020 as stock surged to new heights
Bears got severely burned with Tesla shares up 730 per cent this year Tesla Inc. short sellers lost billions more on the electric-vehicle maker than any other company in 2020, as bears got severely burned by the stock’s surge to new highs. With shares up 730 per cent, Tesla bears have seen more than $38 […]
China´s adaptive robot maker Flexiv raises over $100 million
As businesses around the world look to automate production lines and supply chains, companies making the robots are attracting great investor interest. The latest to get funded is Flexiv, which closed a Series B round north of $100 million from investors including China’s on-demand services giant Meituan. Other major investors in the strategic round are […]
Ukrainian IT giant Ciklum attracts investment from US private equity fund
This story includes new information and a comment from AVentures Capital. U.S.-based global technology investment platform Recognize Partners is investing in Ciklum, one of the five largest IT outsourcing companies in Ukraine. The company disclosed neither the sum of its investment nor the stake in Ciklum, citing business-sensitive information. Ciklum will spend money on hiring […]
