Korea Gets the Digital Banking Bug
4 October, 2019
How Bhutan Built Conservation Finance into its DNA
10 October, 2019Euromoney, October 9 2019
When renewables private equity group Equis Energy was sold to GIP for $5 billion – $3.7 billion of it equity – investors walked away with well over double their initial investment. The founders of Equis made around $800 million. But why was more than $500 million of the proceeds ringfenced into a vehicle called Equis Renewables, in which the underlying investors did not participate, while the general partners got it all? The story of how those assets got there casts a light on the curious inner workings of modern private equity.
Read the article here: https://www.euromoney.com/article/b1hh2f9z111yy0/private-equity-the-inside-story-of-equis-and-its-partners-$800-million-bounty?copyrightInfo=true
Chris Wright
Chris is a journalist specialising in business and financial journalism across Asia, Australia and the Middle East. He is Asia editor for Euromoney magazine and has written for publications including the Financial Times, Institutional Investor, Forbes, Asiamoney, the Australian Financial Review, Discovery Channel Magazine, Qantas: The Australian Way and BRW. He is the author of No More Worlds to Conquer, published by HarperCollins.