Monday, June 29, 2020
Home Blog

Local lockdowns answer to future COVID-19 flare-ups; test and trace starts this week; how to order a test

Schools, businesses and workplaces could be closed in areas that see spikes in infection rates, according to the UK government's plan to ease social distancing across the school system and greater economy in June.A Test and Trace system will start this week Thursday to test anyone with COVID-19 symptoms, which now include loss of taste and smell....

Low-income UK construction workers failing to claim millions says tax refund expert

With many construction projects on hold now more than ever construction workers must ensure they are keeping on top of their expenses, especially those accumulated and not claimed over recent years. RIFT, a PAYE construction travel expense claim specialist in the UK, says that their data shows that 31% of all PAYE construction workers...

Special situations market preps for “once in a lifetime” opportunity

The investment opportunities we will see as special situation investors will be bigger than anything we saw during the financial crisis in 2008/2009, according. Dr. Dirk Markus, Chief Executive Officer of Aurelius Equity Opportunities, a German investment company with a global presence that provides loans to distressed companies.   “North American value investors are...

Art of the deal: virtual reality and investment platform accessing new generation of art investors (even from their sofas)

Following  the complete sell-out of their initial share offering,  UK-based digital art investments platform, ARTCELS, released 400 additional shares on 8 April 2020, amid plans to create bespoke virtual art experiences, including an exhibition, that allow shareholders to enjoy their art assets from the safety of their homes during the pandemic lockdowns. In February, the...

UK Coronavirus business interruption loan scheme in “accredited provider” gridlock to disperse funds

The Corporate Finance Network recently conducted research with 13,000 SME’s. “Its conclusions are stark,” comments Tim Stocks, Chief Executive of specialist merchant bank, James Stocks & Co.   An estimated 18% could become insolvent within the next four weeks due to their inability to access HM Government support under the Coronavirus Business Interruption Loan...

Healthcare divestment generates 3.6x cash-on-cash return multiple for Arx

DCB has been acquired by a joint venture involving Sava Re and Triglav, two of Slovenia’s largest insurance companies. The takeover of DC Bled will enable Sava Re and Triglav to implement their strategic expansion into the Slovenian private health services market. Bled-based DCB is the largest private healthcare service provider in Slovenia. The...

Avel Vor (RES and Caisse des Dépôts) sells its 30% equity stake in €2.4bn Ailes Marines project to Iberdrola

Avel Vor (RES and Caisse des Dépôts) sells its 30% equity in the €2.4 billion investment project, scheduled for commissioning in 2023 With a global 12.4 GW offshore wind project pipeline, Iberdrola currently operates three offshore wind farms: West of Duddon Sands (389 MW), Wikinger (350 MW) and the 714-MW East Anglia ONE (to...

IN-DEPTH: CYBERWARS THREATEN TO DERAIL CRITICAL INFRA

This article was first published by Inframation News, an Acuris company (25 November, 2019) With great power comes great responsibility. The famous ‘Peter Parker Principle’ devised by Spider Man comic book impresario Stan Lee should resonate with any fund manager responsible for assets deemed 'critical' to modern daily living. The inherent responsibility carried...

Energy supplier ban over smart meter enrolment could damage growth plans; DCC parent Capita sees £1bn value wipe-out

“These companies could face further punishments, and potentially lose their licences if they don’t resolve this situation soon,” says Owen. “These five energy companies might not be household names - accounting for fewer than 100,000 households between them - but the smart meter network won’t work properly until every supplier is using the same communications infrastructure.”

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

Ardian takes 49% stake in Solarpack Peru projects

The projects have "remarkable recurring revenues, as evidenced since their commissioning at the end of 2012". Solarpack currently has three operating photovoltaic power plants in Southern Peru, adding a capacity of 62.8 MW to Solarpacks portfolio. Solarpack, meanwhile, retains a controlling share in the projects. Solarpack will use most of the funds obtained from Ardian’s investment to...

Recent Posts

Most Popular

Local lockdowns answer to future COVID-19 flare-ups; test and trace starts this week; how...

Schools, businesses and workplaces could be closed in areas that see spikes in infection rates, according to the UK government's plan to...

Low-income UK construction workers failing to claim millions says tax refund expert

With many construction projects on hold now more than ever construction workers must ensure they are keeping on top of their expenses,...

Ardian takes 49% stake in Solarpack Peru projects

The projects have "remarkable recurring revenues, as evidenced since their commissioning at the end of 2012". Solarpack currently has three operating photovoltaic...

Special situations market preps for “once in a lifetime” opportunity

The investment opportunities we will see as special situation investors will be bigger than anything we saw during the financial crisis in...

Art of the deal: virtual reality and investment platform accessing new generation of art...

Following  the complete sell-out of their initial share offering,  UK-based digital art investments platform, ARTCELS, released 400 additional shares on 8 April 2020,...