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Private Equity Bros Weekly
Private Equity Bro
January 04, 2025
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📊 Weekly Summary
Here’s a recap of this week’s top news in finance and economics:
US jobless claims hit an eight-month low, signaling a healthy labor market, while reserves at the Fed dropped below $3T, the lowest since 2020. Meanwhile, multi-strategy hedge funds like Citadel and Millennium shone in 2024 with double-digit gains, and blue-chip US firms kicked off January with a $15B bond issuance spree.
China’s EV leader BYD posted record sales in 2024, surpassing competitors like Tesla. In other markets, US mortgage rates neared 7% despite Fed rate cuts, and activist investing campaigns hit record highs. Nvidia invested $1B in AI deals, while global insurance rates fell 1%.
Let’s break it down.
Start the Year Strong: Access Real M&A Decks
📈 Recent Finance News
Jobless claims hit an eight-month low: Signals low layoffs at the end of 2024 and consistent with a healthy US labor market (RT)
Reserves at the Fed drop below $3T: Largest weekly slide in 2.5 years and lowest level since 2020, reflecting tighter liquidity conditions (YF)
People’s Bank of China plans to cut rates: Prioritizing economic stimulus with a pivot from loan growth targets to strategic rate cuts (PI)
Multi-strategy hedge funds shine in 2024: A standout year for funds like Citadel and Millennium that achieved double-digit gains (HW)
Blue-chip firms kick off January with $15B debt spree: Corporate America leverages strong demand for high-grade bonds (YF)
US 30-year mortgage rates rise back near 7%: Rates increased despite Fed’s rate cuts since monetary policy easing cycle started (RT)
China EV leader BYD posts record sales in 2024: Surpassed rivals like Tesla, boosted by Chinese demand and government trade-in deals (EN)
Activist investing campaigns reach record highs: Campaigns focus on strategic enhancements and high-profile CEO replacements (FN)
Nvidia invests $1B in AI deals: Investments spanned across 50 startup funding rounds and multiple corporate deals (MWL)
Global insurance rates fell 1% in 2024: Marking the first decline since 2017, supported by falling reinsurance costs (RT)
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🤝 M&A Activity
Yuexiu Group in talks to buy Chinese toll roads from CTF Services (FN)
Potential Deal Value: $2B
DCP Capital to acquire Alibaba’s 70% stake in Sun Art Retail (SCMP)
Deal Value: $1.7B
World Wide Technology to acquire cloud firm Softchoice (CRN)
Deal Value: $1.3B
HUTCHMED to divest 45% equity interest in SHPL (YF)
Deal Value: $608M
Hawaiian Electric sells 90% stake in American Savings Bank (RT)
Deal Value: $405M
FalconX to acquire crypto derivatives startup Arbelos Markets (PRN)
Deal Value: Undisclosed
Wingtech plans sale of product integration business (RT)
Deal Value: Undisclosed
Mobvista exploring sale of mobile advertising platform Mintegral (YF)
Deal Value: Undisclosed
I hope you found this summary useful. We're actively gathering more insights to share with you soon.
Until next time,
PE Bro
