DOCSLIB.ORG

Zephyr Annual M&A Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Zephyr Annual M&A Report Zephyr Annual M&A Report Global, 2014 Zephyr Annual M&A Report Global, 2014 The following report details Global M&A advances in 2014 Global deals by volume and value mergers and acquisitions Global mergers and acquisitions (M&A) rose in Total deal activity in 2014 using data from 2014 to the highest recorded since before 2008. Announced date No of deals value In total there were 82,354 deals worth a combined (mil USD) the Zephyr database. USD 4,708 billion. 2014 82,354 4,707,911 It focuses on deal activity by target company. An improvement in M&A value was recorded for 2013 79,742 3,650,853 most regions, with Central and Eastern Europe 2012 74,375 3,244,785 Click here to access the raw data in an Excel being the only exception. 2011 73,986 3,412,107 spreadsheet. The volume of M&A targeting companies based 2010 73,793 3,414,912 in the Middle East and Western Europe was down 2009 74,974 3,780,060 year-on-year against an increase in value. Section 1: Global Deals Page 1 Given the overall global results, it is not surprising Section 2: Western Europe Page 16 the value of M&A targeting individual countries Section 3: North America Page 27 rose year-on-year, including all the top four countries by value, namely US, China, UK and Section 4: Asia/Asia Pacific Page 37 Canada. However, the value of dealmaking Section 5: Middle East Page 51 targeting companies based in Russia and Japan slipped 30 per cent and 8 per cent to USD Section 6: Russia/CEE Page 64 132,474 million and USD 124,556 million, respectively. Section 7: Global League Tables Page 76 Private equity and venture capital (PE and VC) investment followed a similar pattern as M&A. In total there were 11,599 private equity and venture capital-backed deals worth a combined USD 495,893 million in 2014. This represents a 24 per cent increase by value from USD 400,097 million in 2013, while volume rose 16 per cent from 9,959 to 11,599. You are free to use any data or commentary Page 1 © Zephyr Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed Contact +44 161 838 9554 from this report in your articles as long as the financial information on companies. For more information visit www.zephyrdealdata.com. Zephyr Editorial: [email protected] source is cited as “Zephyr published by BvD” Zephyr Annual M&A Report Global, 2014 Global deals by volume and value 5,000,000 84,000 4,500,000 82,000 4,000,000 80,000 3,500,000 3,000,000 78,000 2,500,000 76,000 2,000,000 74,000 1,500,000 Deal value USD) value Deal (mil 72,000 1,000,000 500,000 70,000 0 68,000 2009 2010 2011 2012 2013 2014 Total deal value (mil USD) Number of deals You are free to use any data or commentary Page 2 © Zephyr Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed Contact +44 161 838 9554 from this report in your articles as long as the financial information on companies. For more information visit www.zephyrdealdata.com. Zephyr Editorial: [email protected] source is cited as “Zephyr published by BvD” Zephyr Annual M&A Report Global, 2014 Target world region by deal volume Target world region by deal value Target world region 2012 2013 2014 Target world region 2012 2013 2014 European Union enlarged (28) 22,204 26,314 26,491 North America 1,036,257 1,320,919 1,816,580 Far East and Central Asia 18,814 19,755 22,467 Western Europe 826,748 936,240 1,163,100 Western Europe 21,013 22,960 21,259 European Union enlarged (28) 792,985 914,202 1,083,729 European Union 19,115 20,578 19,543 Far East and Central Asia 672,925 722,797 1,043,534 North America 16,603 15,847 18,018 European Union 760,763 865,311 1,040,630 Euro-Area 11,387 12,386 12,098 Euro-Area 522,278 636,462 735,280 Eastern Europe 7,818 10,648 11,228 South and Central America 342,214 214,183 294,426 Oceania 5,870 5,620 4,424 Eastern Europe 127,414 242,056 192,266 Nordic States 4,271 4,676 3,638 Oceania 139,840 129,866 144,612 Scandinavia 2,966 3,233 2,664 Nordic States 66,465 95,210 104,377 South and Central America 2,500 2,556 2,634 Scandinavia 53,223 75,801 86,049 Africa 873 1,185 1,514 Africa 32,800 51,137 50,156 MENA 827 1,131 949 MENA 44,490 50,547 41,079 Middle East 680 987 733 Middle East 34,691 27,008 31,210 You are free to use any data or commentary Page 3 © Zephyr Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed Contact +44 161 838 9554 from this report in your articles as long as the financial information on companies. For more information visit www.zephyrdealdata.com. Zephyr Editorial: [email protected] source is cited as “Zephyr published by BvD” Zephyr Annual M&A Report Global, 2014 US dealmaking outstrips other countries Machinery, equipment, furniture and recycling attracts significant investment in 2014 Companies based in the US were the most important targets in terms of volume and value in 2014 and, in keeping with the overall trend, improved Deals targeting companies in the machinery, equipment, furniture and year-on-year. The value of deals targeting US companies totalled USD 1,654 recycling industry in 2014 were worth a total USD 579,006 million. The billion, marking a 37 per cent increase on the USD 1,205 billion recorded sector also led the way by volume, with 10,284 transactions. in 2013. Volume climbed 18 per cent over the 12 months to 14,141 from 12,033 in 2013. In terms of value it was followed by the banking industry with USD 572,563 million, while wholesale and retail trade was the second-most important sector In monetary terms, the result is unsurprising considering companies based in by volume with 6,538 transactions. the country accounted for 11 of 2014’s top 20 deals by value as well as the top four global deals by value. UK tops European rankings across the board The UK was the leading European country in 2014 as companies based in the country were targeted in 6,218 deals worth a combined USD 261,548 million, representing a 7 per cent decline in volume year-on-year and a 35 per cent increase by value year-on-year. Globally, companies based in the UK were the second-most important targets by volume after the US in 2014, and were the third-most important by value (US: USD 1,654 billion; China: USD 507,722 million; UK: USD 261,548 million). You are free to use any data or commentary Page 4 © Zephyr Zephyr is a database of M&A, IPO, private equity and venture capital deals with links to detailed Contact +44 161 838 9554 from this report in your articles as long as the financial information on companies. For more information visit www.zephyrdealdata.com. Zephyr Editorial: [email protected] source is cited as “Zephyr published by BvD” Zephyr Annual M&A Report Global, 2014 Top 20 global deals by value Deal value Target Acquiror Announced Deal type Target Acquiror (mil USD) country country date 1. 76,000 Acquisition Kinder Morgan Energy Partners LP; Kinder Morgan US; US; Kinder Morgan Inc. US 10/08/2014 Management LLC; El Paso Pipeline Partners LP US 2 68,946 Acquisition 100% Time Warner Cable Inc. US Comcast Corporation US 13/02/2014 3 67,100 Acquisition 100% DIRECTV LLC US AT&T Inc. US 18/05/2014 4 66,000 Acquisition 100% Allergan Inc. US Actavis plc IE 17/11/2014 5 42,900 Acquisition 100% Covidien plc IE Medtronic Inc. US 15/06/2014 6 38,000 Acquisition 100% Baker Hughes Inc. US Halliburton Company US 17/11/2014 7. 36,977 Acquisition 100% CITIC Ltd CN CITIC Pacific Ltd HK 16/04/2014 8. 27,400 Acquisition 100% Lorillard Inc. US Reynolds American Inc. US 15/07/2014 9 25,832 Acquisition 100% Lafarge SA FR Holcim Ltd CH 07/04/2014 10. 24,245 Acquisition 100% Forest Laboratories Inc. US Actavis plc IE 18/02/2014 11. 23,263 Acquisition 100% Williams Partners LP US Access Midstream Partners LP US 26/10/2014 12. 19,392 Acquisition 100% Societe Francaise de Radiotelephone SA FR Altice SA LU 20/06/2014 13. 19,000 Acquisition 100% WhatsApp Inc. US Facebook Inc. US 19/02/2014 14. 18,514 Acquisition 100% CIMB Group Holdings Bhd's assets and liabilities MY RHB Capital Bhd MY 09/10/2014 15. 17,442 Minority stake 30% Sinopec Marketing Co., Ltd CN Undisclosed investors; China Life Insurance Co., Ltd; Sino Life CN; CN; 14/09/2014 Insurance Co., Ltd; Harvest Fund Management Co., Ltd; Pingtao (Hong CN; HK; Kong) Ltd; Changjiang Pension Insurance Co., Ltd; Harvest Capital CN; CN; Management Co., Ltd; Bohai Huamei (Shanghai) Equity Investment CN; VG; Management Co., Ltd; Cinda Sino-Rock International Energy Co., VG; VG; Ltd; HuaXia SSF1 Investors Ltd; Kingsbridge Asset Holding Ltd; Qian CN; CN; Hai Golden Bridge Management Ltd; Shenzhen Baotengsheng Fund HK Management Co., Ltd; ENN Energy China Investment Ltd 16.
Load more

Recommended publications
  • Download Original Attachment
    2017 IIF Annual Membership Meeting List of Participants 10/04/2017 1 International Fincentre Associates Aberdeen Asset Management Aberdeen Standard Investments Aberdeen Standard Investments Abraaj Capital Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Investment Authority Abu Dhabi Investment Authority Abu Dhabi Investment Authority Abu Dhabi Investment Authority Access Bank Plc Access Bank Plc Access Bank Plc Access Bank Plc Acreditus Aflac Global Investments Aflac Global Investments Aflac International Aflac International AFME Africa Finance Corporation African Export Import Bank Page 1 of 51 2017 IIF Annual Membership Meeting List of Participants 10/04/2017 African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank Agricultural Bank of China, New York Branch Agricultural Bank of China, New York Branch AIG AIG AIIB Akbank Akbank Aker International AG Al Ahli Bank of Kuwait K.S.C.P Al Ahli Bank of Kuwait K.S.C.P Al Rajhi Bank Alawwal Bank Alawwal Bank Alawwal Bank Alawwal Bank Alawwal Bank Albaraka Turk Participation Bank Albaraka Turk Participation Bank Albaraka Turk Participation Bank Page 1 of 51 2017 IIF Annual Membership Meeting List of Participants 10/04/2017 Algebris Investments AllianceBernstein L.P.
    [Show full text]
  • Board of Director's Operating Report for Financial Statement At
    Board of Director’s Operating Report for Financial Statement at December 31, 2008 126 Financial Statement 2008 - Management Report Shareholders, The 2008 financial statements, prepared on the basis of IAS/IFRS international accounting standards, report on your company’s twenty-eighth year in business, closing with a profit of 21.2 million euro (+ 18.7% over 2007), after payment of 7.8 million Euro in taxes. R.O.E. was 27.40%, significantly higher than in 2007 (24.05%). On the topic of competitive positioning, note that in 2008 the company ranked fifth in its sector in terms of outstanding credit, with a market share of 6.0%, and fourth in terms of advances and payments made, with a market share of 6.7% (source: Assifact). The annual profit, though it did reflect the effects of certain non-recurrent events, is definitely noteworthy in terms of management of regular operations. In the year 2008 profit margins reflected replacement of about 3.0 million Euro in gains from purchases of credit not at face value (now a residual activity), which were entered under “Other operating income” in 2007, with profit margins from characteristic operations, marking the completion of the commercial strategy undertaken since 2006 aiming to improve performance on the working capital market for customer companies, the number of which has definitely grown (+ 43% active transferring customers). The Operating Margin was 49.2 million euro, up 12.4% over 2007. This performance is primarily attributable to Interest Margin dynamics, which have settled at 34.0 million euro (+26.4% over 2007), while Net Commissions were worth 15.2 million euro (-10.0 % since 2007).
    [Show full text]
  • Breaking the Mold: Female Investors Making Waves
    The World’s Leading Islamic Finance News Provider (All Cap) IDB and Nigeria looks Jordan SECP boosts 1100 World Bank west for acquires best NBFC segment 1050 2.92% sign US$9 Islamic fi nance practices with updated 1000 billion inspiration..7 for maiden rules; creates 921.97 950 strategic Sukuk...8 new asset 949.77 900 partnership classes...12 TMSSFTW Powered by: IdealRatings® deal...6 COVER STORY 21st October 2015 (Volume 12 Issue 42) Breaking the mold: Female investors making waves The role of women in the Gulf is Women in the GCC now control over a awareness and understanding are changing — or is it just the perception third of wealth in the region, and are a opening doors to a more proactive of the role of women? It’s a delicate driving force for the economy. Markaz involvement in personal wealth subject but there is no doubt that estimated in 2013 that GCC high-net- management and investment activity. with the advent of bett er education worth (HNW) females controlled over and employment opportunities, US$224 billion and accounted for over Women in the workforce and as major players in the fi elds of 20% of total wealth in the region — and The labor trend in the GCC is changing, family wealth, entrepreneurship and these fi gures have soared in the last few with female participation more than business, Muslim women are becoming years. Around 105 ultra HNW women in doubling over the past few decades. a force to be reckoned with from an Saudi Arabia and the UAE now control In Dubai and Qatar, the female labor investment perspective.
    [Show full text]
  • Global Mergers & Acquisitions Review
    Global Mergers & Acquisitions Review FIRST HALF 2020 | FINANCIAL ADVISORS Global Mergers & Acquisitions Review First Half 2020 | Financial Advisors Global Deals Intelligence Global Announced M&A $4,500 30,000 WORLDWIDE DEAL MAKING FALLS 41%; LOWEST FIRST HALF SINCE 2013 Worldwide M&A activity totaled US$1.2 trillion during the first half of 2020, a decrease of 41% compared $4,000 to year-ago levels and the slowest opening six-month period for mergers & acquisitions since the first 25,000 half of 2013. The second quarter of 2020 registered a 25% decrease compared to the first quarter of the year and marks the slowest quarter of deal making since the first quarter of 2012. By number of $3,500 worldwide deals, deal making declined 16% compared to year ago levels, a six-year low. $3,000 20,000 CROSS-BORDER M&A DECLINES 15% TO SEVEN-YEAR LOW $2,500 Cross-border M&A activity totaled US$440.7 billion during the first half of 2020, a 15% decrease 15,000 compared to a year ago and the slowest first half for cross-border M&A since 2013. The Industrials, $2,000 Technology and Energy and Power sectors accounted for 37% of cross-border deals during the first half of 2020, down from 40% a year ago. $1,500 10,000 US TARGET M&A DECLINES 69%, LOWEST PERCENTAGE OF TOTAL M&A ON RECORD $1,000 M&A activity for US targets totaled US$354.9 billion during the first half of 2020, a decrease of 69% 5,000 compared to the level of activity seen during the first half of 2019 and the lowest opening six-month $500 period for US deal making since 2012.
    [Show full text]
  • Iraq: a Nation on the Edge
    The World’s Leading Islamic Finance News Provider 18th June 2014 (All Cap) 1100 Iraq: A nation on the edge Although the ongoing confl ict in Iraq has in oil reserves according to global fund 1075 been an inevitable impediment to the manager FMG. 1,056.41 development of its fi nancial markets, in 1050 1,054.34 recent years a surprisingly strong macro 0.19% Banking strength environment has driven impressive Iraq has a huge banking sector, which still 1025 growth in the banking sector, while dominates its fi nancial system – despite renewed interest from foreign investors losing more than half its value between has highlighted its exceptional potential. 1000 2010-11 after the withdrawal of US forces. W T F S S M T Yet the catastrophic events of the past In 2012 total assets of the banking system few days have placed all this in jeopardy, Powered by: IdealRatings® amounted to IDR130 trillion (US$116 as the country balances on the brink of billion) – less than half of the IDR340 trillion Volume 11 Issue 24 civil war and radical forces threaten to (US$304 billion) it was worth in 2010. overwhelm its fragile government. In this However, recent analysis suggests renewed IFN Rapids .........................................................2 atmosphere of uncertainty we take a look Islamic Finance news .........................................6 growth prospects for the country’s fi nancial Column: Daud speaks .......................................15 at all that is positive about its prospects – system on the back of the sustained Shariah Pronouncement
    [Show full text]
  • Equity Investment People's Republic of China: China Everbright Bank
    Extended Annual Review Report Reference Number: 30704 April 2009 Equity Investment People’s Republic of China: China Everbright Bank In accordance with ADB's public communications policy (PCP, 2005), this extended annual review report excludes information referred to in paragraph 126 of the PCP. CURRENCY EQUIVALENTS Currency Unit – yuan (CNY) At Appraisal At Project Completion 14 September 1996 13 December 2007 CNY1.00 = $0.1204 $0.1355 $1.00 = CNY8.3052 CNY7.3785 ABBREVIATIONS ADB – Asian Development Bank BOC – Bank of China CAGR – compound annual growth rate CAR – capital adequacy ratio CBRC – China Banking Regulatory Commission CCB – city commercial bank CEB – China Everbright Bank CEG – China Everbright Group CIB – China Investment Bank EROIC – economic return on invested capital FIRR – financial internal rate of return GDP – gross domestic product ICBC – Industrial and Commercial Bank of China IFC – International Finance Corporation IFRS – International Financial Reporting Standard IPO – initial public offering NAV – net asset value NPL – nonperforming loan PBOC – People’s Bank of China PRC – People’s Republic of China PSOD – Private Sector Operations Department RCC – rural credit cooperative ROIC – return on invested capital SME – small and medium-sized enterprises SOCB – state-owned commercial bank SOE – state-owned enterprise TA – technical assistance WACC – weighted average cost of capital NOTE In this report, "$" refers to US dollars Vice-President X. Zhao, Operations Group 1 Director General P. Erquiaga, Private Sector Operations Department (PSOD) Director R. van Zwieten, Capital Markets and Financial Sector Division, PSOD Team leader M. E. Paterno, Investment Specialist, PSOD Team members B. Huang, Young Professional, PSOD I. Chua, Investment Officer, PSOD CONTENTS Page EXECUTIVE SUMMARY i I.
    [Show full text]
  • Asset Atlas 1H20 Global Deal Advisory Financial Services Asset
    Asset Atlas 1H20 Global Deal Advisory Financial Services KPMG International home.kpmg October 2020 Introduction Welcome to the 27th edition of our Asset Atlas This bi-annual document prepared by the Global Deal Advisory Financial Services network gives an overview of merger and acquisition trends in the global financial services sector with a detailed analysis of potential opportunities. We examine M&A trends in various sub-sectors such as banking, insurance, asset management and private equity within financial services for 1H20 while shedding light on recent deal activity. Additionally, we consider available FS opportunities/assets as identified by KPMG across the globe. I believe it is an essential read for FS professionals and can serve as an effective M&A/business development tool and provides an insightful summary for decision makers across Financial Services in Corporate Development and M&A roles. Best regards, Giuseppe Rossano Latorre Global Financial Services Deal Advisory Lead KPMG International T: +39 02 6764 3918 M: +39 348 3055080 E: [email protected] ©2020 Copyright owned by one or more of the KPMG International entities. KPMG International entities provide no services to clients. All rights reserved. Contents Executive summary 04 Global financial services M&A 1H20 06 — Overview — Top deals — Deal type — Potential assets Banking M&A 1H20 11 — Deal statistics and trends — Top deals and key corridors — Potential opportunities — Trading multiple of major banks Insurance M&A 1H20 16 — Deal statistics and trends — Top deals and key corridors — Potential opportunities — Trading multiple of major insurers Asset management M&A 1H20 21 — Deal statistics and trends — Top deals and key corridors — Potential opportunities — AuM analysis of major investment managers Private equity M&A 1H20 26 — Deal statistics and trends — Areas of investment Contacts 30 Methodology 33 ©2020 Copyright owned by one or more of the KPMG International entities.
    [Show full text]
  • GFH Financial Group BSC CONSOLIDATED
    GFH Financial Group BSC CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2020 Commercial registration : 44136 (registered with Central Bank of Bahrain as an Islamic wholesale Bank) Registered Office : Bahrain Financial Harbour Office: 2901, 29th Floor Building 1398, East Tower Block: 346, Road: 4626 Manama, Kingdom of Bahrain Telephone +973 17538538 Directors : Jassim Al Seddiqi, Chairman H.E. Shaikh Ahmed Bin Khalifa Al-Khalifa, Vice Chairman Hisham Ahmed Alrayes Rashid Nasser Al Kaabi Mustafa Kheriba (till 24 December 2020) Ghazi Faisal Ebrahim Alhajeri Ali Murad (from 9 April 2020) Ahmed Abdulhamid AlAhmadi (from 9 April 2020) Alia Al Falasi (from 30 September 2020) Fawaz Talal Al Tamimi (from 30 September 2020) Amro Saad Omar Al Menhali (till 30 September 2020) Mazen Bin Mohammed Al Saeed (till 31 March 2020) Mosabah Saif Al Mautairy (till 30 September 2020) Bashar Mohamed Al Mutawa (till 1 April 2020) Edris Mohammed Rafi Alrafi (from 24 December 2020) Chief Executive Officer : Hisham Ahmed Alrayes Auditors : KPMG Fakhro GFH Financial Group BSC CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 December 2020 CONTENTS Page Chairman’s report 1-3 Report of the Shari’a Supervisory Board 4-5 Independent auditors’ report to the shareholders 6-11 Consolidated financial statements Consolidated statement of financial position 12 Consolidated income statement 13 Consolidated statement of changes in owners’ equity 14-15 Consolidated statement of cash flows 16 Consolidated statement of changes in restricted investment accounts 17 Consolidated statement of sources and uses of zakah and charity fund 18 Notes to the consolidated financial statements 19-100 Supplementary information (not audited) 101-103 Chairman’s Report-2020 Dear Shareholders, On behalf of the Board of Directors of GFH Financial Group, I am pleased to present the Group’s financial results for the fiscal year ended 31 December 2020.
    [Show full text]
  • Philip Dowsett
    Philip Dowsett Partner Dubai | 804 South Tower, Emirates Financial Tower, Al Sukook Road, DIFC, PO Box 506675, Dubai, United Arab Emirates T +971 4 425 6333 | F +971 4 425 6301 [email protected] Services Mergers and Acquisitions > Private Equity > Corporate > Investment Funds: Middle East > Emerging Markets > Strategic Transactions > Philip Dowsett focuses on complex cross-border mergers and acquisitions, private equity and venture capital matters. Mr. Dowsett also advises on takeovers, divestitures, joint ventures and corporate finance transactions in the Middle East, United Kingdom, Europe and the United States. His practice includes fund formation, fund governance and investment management matters. Mr. Dowsett’s clients include regional and international investors; private equity and venture capital firms; family offices; and sovereign wealth funds and corporates. His clients come from a range of industries, such as energy, healthcare, media and technology, infrastructure, retail and finance. Chambers Global 2020 and 2019 ranks Mr. Dowsett for Corporate/M&A and Investment Funds in the Middle East. Clients describe him as “fantastic”, “very personable” with “a strong positive attitude towards getting a deal done.” He is commended for “his ability to understand the client's objectives and provide solutions which are aligned to them”. Mr. Dowsett is also ranked in The Legal 500 EMEA 2020 and 2019 for Commercial, Corporate and M&A and Investment Funds noting that he is “fast, bright, knowledgeable of commercial matters and makes things happen.” Prior to joining Dechert, Mr. Dowsett was a partner at another global law firm in Dubai. He has previously worked in London and Hong Kong, and completed a secondment at one the largest sovereign wealth funds in the Middle East.
    [Show full text]
  • Banks and Investors Against Future: NGO Research Reveals Top Financiers of New Coal Power Development
    Media Briefing & Press Conference Banks and Investors Against Future: NGO Research Reveals Top Financiers of New Coal Power Development Japanese and European banks top lenders, Chinese banks top underwriters US companies biggest institutional investors in the coal plant pipeline Madrid | December 5, 2019 Urgewald, BankTrack and 30 partner NGOs publish new research identifying the top financiers and investors behind the expansion of the world’s coal plant fleet. Following today’s release of the data, Urgewald, BankTrack and further NGO partners will discuss findings and provide further insights at a panel dis- cussion and a press conference at the UN Climate Summit on Saturday, Dec 7th at 11:30am and Monday, Dec 9th at 5:30pm. “The UN Secretary General, the IPCC and climate scientists worldwide have ti- me and again called for a speedy phase-out of coal-based energy production, but most financial institutions are still turning a deaf ear. Over the past 3 years, financial institutions have channeled US$ 745 billion to companies planning new coal power plants,” says Heffa Schuecking, director of Urgewald. The NGOs’ data covers both lending and underwriting between January 2017 and September 2019 for all 258 coal plant developers identified on Urgewald’s Global Coal Exit List. Altogether, there are still over 1,000 new coal power sta- tions or units in the pipeline. If built, these projects would add 570 GW to the global coal plant fleet, an increase of 28%. “Most of the top banks providing loans or investment banking services to the- se companies acknowledge the risks of climate change, but their actions are a slap in the face to the Paris Climate Agreement,” says Greig Aitken, climate campaigner at BankTrack.
    [Show full text]
  • MENA Private Equity and Venture Capital Report
    MENA Private Equity and Venture Capital Report 2014 2 MENA Private Equity and Venture Capital Report 3 MENA Private Equity and Venture Capital Report Foreword With Gratitude Dear friends and colleagues, and networks, and who benefit from the The MENA Private Equity Association Media Task Force experience of investing through economic I am honoured to introduce the 9th edition We are grateful for the public relations and media cycles and periods of political volatility. Extends its sincere appreciation to Zawya for sharing campaign support from the following: of the “Private Equity & Venture Capital primary data and industry and to our knowledge in the Middle East Report”, a publication Bringing such seasoned professionals partners Deloitte for developing the report analysis. Nahed Ashour, Senior Manager Arabic Content and that has become a leading barometer of together; the MENA Private Equity Media, Capital MSL our industry and, indeed, of the region’s Association gives the industry a strong and economic development. clear collective voice, and acts as a link to similar associations around the world. In the decade since the report began, private Deloitte Sponsors equity has established a strong foothold, Compiling this report is an important part of Declan Hayes, Managing Director, Deloitte Corporate weathered a global economic crisis, and the association’s work, serving to promote Finance Limited Without the support of the following generous emerged stronger. It is clear that although greater transparency in the industry and to sponsors, this report would not have been global perceptions may be clouded by news enhance knowledge of the impact of private Sam Surrey, Director, Deloitte Corporate Finance possible.
    [Show full text]
  • Everbright Securities Company Limited 光大證券股份有限公司 (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 6178)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Everbright Securities Company Limited 光大證券股份有限公司 (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 6178) ANNOUNCEMENT OF annual RESULTS FOR THE YEAR ENDED DECEMBER 31, 2018 The board of directors (the “Board”) of Everbright Securities Company Limited (the “Company”) hereby announces the audited annual results of the Company and its subsidiaries (the “Group”) for the year ended December 31, 2018. This announcement, containing the full text of the 2018 annual report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to information to accompany preliminary announcement of annual results. The Group’s final results for the year ended December 31, 2018 have been reviewed by the audit committee of the Company. This results announcement will be published on the website of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Company’s website (www.ebscn.com). The Company’s 2018 annual report will be dispatched to the holders of H shares of the Company and published on the websites of The Stock Exchange of Hong Kong Limited and the Company in due course.
    [Show full text]