11.07.2016 - Sovereign investors’ M&A deals fall 26 percent by value in second quarter
Sovereign investors, including wealth funds, made $14.1 billion worth of acquisitions in the second quarter, down 26 percent from the first three months of the year but underpinned by a rebound in real estate deals. Data compiled by Thomson from Reuters shows sovereign investors, a category that can include everything from state pension funds to oil-backed investment vehicles, were involved in 39 deals between April and June, six fewer than in the first quarter. The single biggest deal was the $4.5 billion funding round for Ant Financial Services Group, an affiliate of China’s biggest e-commerce company, Alibaba Group Holding, which attracted China’s CIC Capital, amongst others...............................................Full Article: Source
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