Tag: Investments

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 […]

Why 2021 will be a bumper year for M&A

The end of the pandemic is likely to see fashion and luxury M&A opportunities. The big focus: brands that tap younger consumers. After months of quiet and stalled deals, 2020 closed in a flurry of M&A (mergers and acquisitions) activity, setting a pace that is likely to continue in 2021. That’s the view of analysts […]

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 […]

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 […]

Countrywide agrees to takeover by rival Connells

Estate agency had been weighing rescue options to reverse long decline in share price Connells has reached an agreement to buy rival UK estate agency Countrywide, drawing a line under a long-running battle for control of the company. The deal is a lifeline for Countrywide, which has been weighing rescue options to reverse a decline […]

Bubble Tea Chain Naixue Raises New Funds at $2 Billion Value

Shenzhen-based firm has raised more than $100 million. PAG led the funding round with Yunfeng Capital co-investing. The owner of bubble tea chain Nayuki, also known as Naixue’s Tea in Chinese, has completed a new funding round that values the company at nearly $2 billion, according to people familiar with the matter. Shenzhen Pindao Restaurant Management […]

Tiffany shareholders back LVMH takeover, ending long-drawn dispute

(Reuters) – U.S. jeweler Tiffany & Co’s shareholders on Wednesday approved a $15.8 billion deal with France’s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year. At a virtual special stockholder meeting, more than 99% of votes cast were in favor of the deal. Billionaire Bernard […]

US extends China military investment ban to subsidiaries

Treasury update signals tougher approach in one of Trump’s closing moves against Beijing An executive order issued by Donald Trump banning investments in Chinese companies with suspected military ties will apply to subsidiaries, the US Treasury said on Monday, signalling a tougher interpretation of the crackdown. The clarification followed a heated debate within the Trump […]

Apollo-led group to buy stake in AB InBev’s U.S. can plants for $3 billion

Apollo Global Management Inc said on Wednesday a group of institutional investors led by the private-equity firm would buy a 49.9% stake in Anheuser-Busch InBev’s U.S.-based metal container plants for about $3 billion. AB InBev has been burdened by debt after its 2016 takeover of nearest rival SABMiller and has made deleveraging a priority, selling […]

1212 Avenue of the Americas, New York, 10036, US