Chinese energy storage firm Xiamen Hithium Energy Storage Technology on Wednesday said it has raised more than $621.47m that will be used for capacity expansion, equipment purchases and technology research and development. Hithium manufactures cells and larger...
Mubadala Investment Company and funds managed by private equity firm KKR have jointly acquired Canada-based CoolIT Systems as Abu Dhabi’s sovereign wealth fund continues to expand its technology investment portfolio. The acquisition, first announced in May, is...
Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of REC Solar, which Duke had acquired in 2015,...
American Equity Investment Life Holding Co. accepted a $4.3 billion cash and stock takeover bid from an arm of Canadian investment giant Brookfield. Brookfield Reinsurance Ltd. agreed to buy all the shares in the US insurer it does not already own for $55 apiece,...
Saudi Arabia is hoping to attract private equity investment as part of a push to enhance the status and global profile of its top domestic football competition, The Saudi Pro League, according to a report by Bloomberg. Last month, Saudi Arabia’s $700 billion PIF... 