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Last summer we highlighted how Hong Kong's Li & Fung Ltd. took advantage of the economic slump by acquiring several U.S. retail companies. Now comes news that the consumer goods exporter plans to raise HK$2.7 billion ($348 million) selling new shares at a discount to fund acquisitions in the U.S....
Posted on May 5, 2009 1:51 PM
General Electric Co. is talking with Asian sovereign wealth funds -- including $200 billion China Investment Corp. -- about setting up a joint venture like the $8 billion one it has with Mubadala Development Co. The Middle Eastern JV included commercial finance, clean energy research and development, aviation, industry and...
Posted on November 21, 2008 11:53 AM
Before the panelists at The Deal's M&A Outlook 2009 conference got into individual markets, The Deal's Matt Miller asked for some commentary on the impact of sovereign wealth funds.Steve Baranoff, a managing director and head of global M&A at Merrill Lynch & Co., said since the financial meltdown in...
Posted on November 11, 2008 1:45 PM
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