EU and China Seal Investment Agreement to Open Chinese Market
The European Union and China announced the political approval of a long-sought agreement to open the Chinese market further to EU investors, marking an economic victory for both sides. The breakthrough in negotiations on an EU-China investment accord signals the bloc’s determination to focus on economic opportunities in Asia even amid criticism of Beijing’s record […]
Acadia to sell UK unit for $1.47 bln
Acadia Healthcare Company Inc said on Wednesday it would sell its UK business operations to Waterland Private Equity for about 1.08 billion pounds ($1.47 billion). The company expects the sale to result in proceeds of about $1.35 billion, it said. ($1 = 0.7357 pounds). Source: Reuters Image Source: National Real Estate Investor
UGI Corp’s (UGI) Systematic Capital Investments Bode Well
UGI Corporation UGI continues to focus on systematic investments in expanding its existing operations coupled with inorganic growth, which will boost its performance in the long term. Also, the company’s target to build a clean energy portfolio acts as a tailwind. We recently issued an updated research report on UGI Corp. The Zacks Consensus Estimate for fiscal […]
Private capital’s rush into the business of sport
Institutional investors see long-term opportunities from short-term disruption, but there are risks The most prominent sports transaction of 2020 — the $2.4bn sale of baseball’s New York Mets to hedge fund manager Steve Cohen — was both a record sum for a North American franchise and, according to money managers and sport industry executives, perhaps […]
How selling to yourself became private equity’s go-to deal
The pandemic has helped make a previously niche set of transactions more mainstream Private equity firms have a new set of buyers for their portfolio companies: themselves. Blackstone, EQT, BC Partners and Hellman & Friedman are among the buyout groups to have sold companies to funds that they control this year, or made plans to do so. […]
REE Automotive in negotiations for a $3-4 billion Nasdaq SPAC merger
The list of Israeli companies mulling entering Nasdaq via a SPAC continues to grow, with REE Automotive, which develops modular platforms for electric vehicles, in negotiations to go public at a valuation of between $3-4 billion, a source told Calcalist under the condition of anonymity. The negotiations have been ongoing for the past three months […]
Private equity firm Permira to buy majority stake in Boats Group
Private equity firm Permira said on Tuesday it will acquire a majority stake in online classifieds marketplace Boats Group from Apax Partners funds. The financial details of the deal were not disclosed. The deal for Boats, which mainly serves the recreational marine industry, is expected to close in the first quarter of 2021. Miami-headquartered Boats […]
Markets positive as Canadian dollar and oil gain on last trading day before Christmas
TORONTO – Hopes for better times in 2021 drove North American stock markets to positive results as an abbreviated trading day ended at 1 p.m. ET on Christmas Eve. In Toronto, the S&P/TSX composite index closed up 30.31 points at 17,623.88 while the loonie and oil and metals prices climbed. American stock market investors ignored […]
Goldman Invests in Echelon in Bet on At-Home Fitness Amid Covid
Goldman Sachs Group Inc. is leading a $65 million financing in Echelon Fitness, giving the bank and another investor a controlling stake in a maker of exercise machines as more people work out at home amid the pandemic. The Chattanooga, Tennessee-based company competes with Peloton Interactive Inc., Lululemon Athletica Inc.’s Mirror, Tonal, Tempo, Icon’s NordicTrack, […]
Five Aim stocks with plenty of potential for 2021
Investing in Aim shares can make you a great deal of money – but you need to do your research. Michael Taylor of Shifting Shares picks five of his favourites ideas for 2021 Lockdown and coronavirus might have put paid to certain Christmas traditions this year, but one has survived entirely intact – it’s still […]
