NEWSLETTER of June 6, 2025

The following content has been added at finexpert:

PwC
GLOBAL TOP 100 COMPANIES - BY MARKET CAPITALISATION
In the twelve months from March 31, 2024 to March 31, 2025, the stock market value of the 100 most valuable companies worldwide rose by around seven percent to a new all-time high of 42.6 trillion US dollars. However, momentum has slowed somewhat, while volatility has risen sharply - geopolitical and macroeconomic uncertainty has also left its mark on the share prices of the world's largest companies. What is striking is that the top companies from Germany improved significantly in the global ranking. These are some of the results of the Global Top 100 study, in which PwC annually compares the total value of the 100 most valuable listed companies in the world by market capitalization in US dollars with the previous year's figures. >more

Robeco
2025 GLOBAL CLIMATE INVESTING SURVEY
Investors view the current US-led opposition to climate action as a temporary setback. Yet, disillusionment with government support for the net-zero transition is growing globally, and many expect climate investing momentum to return in future US administrations. These are the latest findings from the Robeco Global Climate Investing Survey 2025. Our fifth annual survey shows that enthusiasm for climate investment continues to vary by region. Europe has reclaimed its leadership from Asia-Pacific, which topped last year’s survey, while interest in the US has dropped to new lows. >more

Bain & Company
LEANING INTO THE TURBULENCE: PRIVATE EQUITY MIDYEAR REPORT 2025
Early signs indicate that tariff turmoil has held back deals and exits while investors digest the implications, both short and long term. The second-quarter slowdown has exacerbated the urgent need to improve liquidity by accelerating full exits, refreshing value-creation plans where necessary. Amid lingering volatility, PE firms can regain momentum through proactive dealmaking, clear-eyed due diligence, and a renewed focus on revenue and profit growth. >more

Deutsche Bank Research
DIE GLOBALE RENAISSANCE DER KERNENERGIE
The world is on the lookout for efficient, cost-effective and low-carbon energy sources. While the majority of global investment in the electricity sector will continue to flow into renewable energies in the future, political support for nuclear energy continues to grow or is growing again in many countries. These countries are (also) relying on nuclear energy for their energy supply in order to achieve both long-term climate targets and economic growth. >more

PRIVATE EQUITY IN THE HOSPITAL INDUSTRY
Janet Gao, Yongseok Kim, and Merih Sevilir
2025
We examine the survival prospects, employment profiles, and patient outcomes at private equity (PE)-acquired hospitals. Target hospitals maintain their survival rates while significantly reducing employment and wage expenditures. The number of core medical workers drops temporarily, but returns to its pre-acquisition level in the long run. However, administrative job and wage cuts persist over the long term, particularly at previously nonprofit hospitals. Using proprietary insurance claims data, we find no significant changes in patient demographics or inpatient prices at PE-acquired hospitals. While patient satisfaction declines, there is no evidence of increased patient mortality or readmission rates at PE-acquired hospitals. >more

DOES PRIVATE EQUITY OWNERSHIP MAKE FIRMS CLEANER? THE ROLE OF ENVIRONMENTAL LIABILITY RISKS
Aymeric Bellon
2024
This paper shows that private equity (PE) ownership, in private-to-private buyouts, leads to a reduction in pollution when the target company faces high potential liabilities for polluting. Conversely, PE-backed firms increase pollution when environmental liability risks are low, as shown by a novel natural experiment that reduced these risks for projects located on federal land. Exploiting specific PE deals within the energy industry, I find that PE governance is the main driver of the results. The results suggest that increasing litigation and regulation-related risks can mitigate the potentially detrimental effects of PE ownership on stakeholders. >more