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Interiors retailer Pier 1 enters Chapter 11 and searches for buyer

NYSE-listed Pier 1 Imports, the interiors and home accessories retailer that is also home to a collection by American interiors and makeover guru Joanna Gaines, is pursuing a sale of the company and has entered into a Plan Support Agreement with a majority of its term loan lenders. This means the Company and...

Greencoat acquires Letteragh Wind Farm in €35.4m deal; Graziano joins the board from Vestas

Listed Greencoat Renewables, a Euro-based renewable infrastructure company, has acquired Letteragh Wind Farm, a 14.1MW wind farm situated in County Clare, on Ireland's west coast, for an initial consideration of €35.4m. This brings Greencoat Renewables' portfolio of operational wind assets to 476MW. Seahound Wind Developments Limited developed Letteragh. HSH Nordbank provided project finance for the wind farm’s construction....

NHS Property Services to power portfolio with 100% renewable energy

NHS Property Services (NHSPS) has signed two new energy contracts via Inspired Energy to power its portfolio with 100% renewable power. British Gas will provide 100% renewable electricity and Corona will provide natural gas to all their properties across England by April 2020. NHSPS is responsible for around 11 per...

Private equity 2020: Citi’s Bailin expects bumper deal flow and HNW allocations to rise

Citi Private Bank’s Chief Investment Officer, David Bailin, says he is seeing high-net-worth clients allocating 20 per cent of their portfolios into the private market, with half of their private commitments increasingly earmarked for private equity. The CIO expects 2020 to be a very active M&A year for private equity given that the...

Carlyle’s Rubenstein: Warren’s GP debt pension obligation proposal for private equity ‘unlikely’ and has no Congressional support from either side

video
https://www.cnbc.com/2019/11/05/david-rubenstein-warren-wealth-tax-not-answer-to-society-problems.html?__source=twitter

Premier League footballer earns average lifetime earnings in 90 days; broadcast rights key to club growth and linked business opportunities

Everton 1-0 Watford An Everton fan shows his delight as he is surrounded by blue and white flags before the match at Goodison Park. Photo Source: Premier League/Getty Images

Asia-Pacific claims largest PV market share for cumulative capacity; North Africa looks to private finance to grow national renewables targets

Anchal Agarwal, Power Analyst at GlobalData, said: “The Asia-Pacific (APAC) is the largest regional market in terms of cumulative capacity with a share of 58.1% of global solar PV capacity in 2018. In terms of net annual additions, APAC alone installed 64.5GW of solar PV, which represents 70.8% of net installations in the same year. APAC is expected to remain the largest...

The $2.5bn Bird pre-money valuation sparks new optimism but hurdles remain in infrastructure and road ‘nuisance’

That valuation sounds like the business has a serious grasp on the market. BuzzVestor did a quick snoop to see where this market is going. And supposedly it has traction, according to a new report.   The Global Electric Scooter and Motorcycle market accounted for $7.5bn in 2018 and is expected to reach $16.5bn by 2027...

Softbank ‘unicorn’ Grab gets stung with $21m fine

With 45 investors supporting the business, including Invesco, Experian Ventures, and Softbank Vision Fund, the proposed fine puts a dent in the company’s reputation following its July US$2bn 5-year Softbank-backed digital infrastructure plan to expand into Indonesia. Following the merger between Grab and Uber in late March 2018, Grab swiftly became the dominant player...

Money on my Mind: Why it’s wise to get the latest on IHT before you KTB

We, mortals, are left to the whims of politicians when it comes to inheritance taxes. It is a morbid thought, a toss-of-the-coin-countdown to when you think you may kick the bucket (KTB). However, Chancellor Javid made some musings over cutting inheritance tax (IHT) at the recent Conservative Party Conference. Or at least he shared...

Private equity’s General Atlantic bearish on China

Private equity firms are divided on the stability and growth trajectory of China-based portfolio company investments. Uncertainty is ruling this space, but General Atlantic CEO Bill Ford remains positive and is looking at China long-term. About 55% of General Atlantic’s portfolio is invested outside the United States, with about 10% in China, reports CNBC.

UPS drone airline: pulling in revenues, spurring new eco-system gains, building scale over time

This week the world’s first revenue-generating drone airline, yes that’s a thing now, was launched by UPS and approved by the US Federal Aviation Administration through an industry-first Part 135 Standard certification, UPS reported. Last Friday, UPS subsidiary, UPS Flight Forward Inc., launched the first drone delivery flight by any company under Part 135 Standard at...

What every Founder/CEO can learn by opening a can of Play-Doh

Transforming a challenge into a solution is something my mother has often succeeded in. One of my first memories of this trait occurred on a rainy day in 1979. Head tilted chin in hand, a look of forlorn on my freckled cheeks, Mom walked into the kitchen and found her kindergartner sulking and counting raindrops. The family...

Climate-resilient infra funds on the cards as EBRD launches $700m bond

The EBRD has launched the first-ever dedicated climate resilience bond, raising US$ 700m with the issuance. BNP Paribas, Goldman Sachs, and Skandinaviska Enskilda Banken AB acted as joint bookrunners, which saw demand from approximately 40 investors in 15 countries. The proceeds from the five-year bond will be used to finance the...

Climate change: the new private-sector led asset class?

This week global advisory and insurer, Willis Towers Watson (NASDAQ: WLTW), launched in tandem with governments including the UK and Jamaica, the Global Commission on Adaptation and the World Economic Forum, a private-sector led Coalition for Climate Resilient Investment. The definition of climate-resilient infrastructure investment will need more explaining or at least more fine-tuning,...

DeVos’ OAPC latest family office to take stake in private equity firm

Signs that family offices will keep overall portfolio allocation in private equity at or slightly above 15% are expected to continue as interest rates stay low and uncertainty and volatility in global public markets and geopolitics prevail into 2020. This allocation away from the traditional asset classes of equities and fixed income improved...

Gojek attracts AIA investment to launch into life and health insurance sector; Amazon and Gojek in preliminary talks

AIA Financial and Gojek will work together to "provide life and health insurance services and wellness propositions to its users, drivers, and merchants across Indonesia.” Other series F round investors include Visa. The two companies will work together to provide greater options on cashless payments and more seamless experiences for consumers across Indonesia and Southeast Asia...

Blackstone founder bestows life lessons in self-help memoir

From educating German Chancellor Angela Merkel on the benefits of private equity-backed businesses to overturning single-gender education at his alma mater Yale, the book has been described as a memoir filled with life lessons. https://www.cnbc.com/video/2019/09/17/blackstone-co-founder-stephen-schwarzman-autobiography-squawk-box.html

Cannabis drug saves the day for NHS child epilepsy patients; HNWs targeted for cannabis fund market

The European Pharmaceutical Review reported today that Epidyolex, produced by GW Pharma, which contains cannabidiol (CBD) and can now be prescribed by doctors to eligible patients along with clobazam. The drug is indicated for the treatments of Lennox Gastaut Syndrome and Dravet Syndrome. It is intended for use in children from age two to adults, after...

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Interiors retailer Pier 1 enters Chapter 11 and searches for buyer

NYSE-listed Pier 1 Imports, the interiors and home accessories retailer that is also home to a collection by American interiors and makeover...

Greencoat acquires Letteragh Wind Farm in €35.4m deal; Graziano joins the board from Vestas

Listed Greencoat Renewables, a Euro-based renewable infrastructure company, has acquired Letteragh Wind Farm, a 14.1MW wind farm situated in County Clare, on Ireland's west coast,...

NHS Property Services to power portfolio with 100% renewable energy

NHS Property Services (NHSPS) has signed two new energy contracts via Inspired Energy to power its portfolio with 100% renewable power.

Cannabis drug saves the day for NHS child epilepsy patients; HNWs targeted for cannabis...

The European Pharmaceutical Review reported today that Epidyolex, produced by GW Pharma, which contains cannabidiol (CBD) and can now be prescribed by doctors to...

Private equity 2020: Citi’s Bailin expects bumper deal flow and HNW allocations to rise

Citi Private Bank’s Chief Investment Officer, David Bailin, says he is seeing high-net-worth clients allocating 20 per cent of their portfolios into...