With large banks withdrawing from fossil fuel investments, large private equity firms are jumping into the gap, emerging as financiers of last resort
(Bloomberg) -- Six years ago, a little-known textile maker called Shandong Ruyi Group embarked on a frantic acquisition spree with the goal of becoming China’s version of luxury powerhouse LVMH.Based in the hometown of Confucius, Chairman Qiu Yafu spent more than $3 billion snapping up assets from the boulevards of Paris to the heart of London tailoring on Savile Row. He bought French fashion brands Sandro and Maje, as well as heritage UK trenchcoat maker Aquascutum and the maker of Lycra stretc
NEW YORK & PALM BEACH GARDENS, Fla., September 15, 2022--Veritas Capital ("Veritas"), a leading technology and government investment firm, announced today that an affiliate of Veritas has entered into a definitive agreement to acquire Sequa Corporation ("Sequa"), parent company of Chromalloy ("Chromalloy"), from funds managed by global investment firm Carlyle (NASDAQ: CG). Financial terms of the transaction were not disclosed.