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 […]
M&A deals plunge in Israel as pandemic sidelines foreign investors
Value of deals drops by 50% to $10 billion, with third quarter showing greatest decline in number, PwC Israel data shows Merger and acquisition deals in Israel plunged by 50% this year to $10 billion compared to last year, due to the economic paralysis wrought by the coronavirus pandemic, a new report by consultants PwC […]
From Tech to Tesla, Stocks Get $14 Trillion Boost in Covid Year
In a historic year that marked a rapid plunge into bear market territory and a swift recovery into the bull zone, high-flying technology stocks and electric-vehicle pioneer Tesla Inc. were standout trades. The S&P 500 Index went from peak to trough to peak again within 175 days as investors initially shunned most stocks in response to Covid-19 lockdowns and […]
U.K. Housing Boom Pushes Price Growth to Six-Year High
U.K. house price growth rose to a six-year high in December, rounding off a strong 2020 for the market that defied a wider economic downturn. Values climbed 7.3% from a year earlier to an average of 230,920 pounds ($312,800), Nationwide Building Society said Wednesday. They increased 0.8% from a month earlier. The housing market has […]
Chinese regulators probe Ant Group’s equity investments – sources
Chinese regulators are reviewing equity investments held by Ant Group Co Ltd in dozens of companies, three people with knowledge of the matter said, intensifying a crackdown on billionaire Jack Ma’s financial technology empire. Regulators are considering whether to instruct Ant to divest some of its investments, mainly in technology and fintech start-ups, if they […]
M&A rebounds sharply to hit $3.6tn in 2020
Deals were halted by the coronavirus but big transactions returned in the last few months A flurry of big deals in the last few weeks drove global mergers and acquisitions to $3.6tn in 2020, representing an extraordinary rebound of takeover activity in the second half of the year. The 2020 total value of deals is […]
Private Equity Turns to $3 Trillion in Unlocked Value for Loans
Some firms are using stakes in funds they manage as collateral. Investors are racing to make loans as demand increases. Private equity firms on the hunt for capital are increasingly turning to specialty lenders for financing and providing a valuable asset as collateral: stakes in their funds. The buyout industry has about $3 trillion of […]
Capital Dynamics Acquires Remaining Interest in Arlington Valley Solar Energy from Apollo
Capital Dynamics, an independent global private asset management firm, announced that its Clean Energy business has completed the acquisition of the remaining 69.98% interest in Arlington Valley Solar Energy II, a 175 megawatt solar photovoltaic project, from funds managed by affiliates of Apollo Global Management. CEI acquired a 30.02% interest in AVSE II as part […]
2020: A Solid Year of Mergers and Acquisitions for the Waste Industry
Solid waste and recycling companies completed a series of mergers and acquisitions throughout 2020 despite economic disruptions from COVID-19-related shutdowns. Following the first wave of uncertainty as COVID hit the United States in Q1, Michael E. Hoffman, Stifel’s managing director, told Waste360 readers about the possible economic repurcussions. “There will be negative consequences to this economy, and companies […]
Elon Musk says it’s now ‘impossible’ to take Tesla private
Elon Musk said that it’s now “impossible” to take Tesla private – even though doing so could lead to more innovation at the electric car maker. Tesla’s share price is nearly eight times higher than it was at the start of the year, and it entered the S&P 500 as its fifth-largest member on December 21. Musk, […]
