The Motley Fool

DECEMBER 6, 2023

Riley Financial provides financial services including investment banking, wealth and asset management, business advisory, and asset disposal. According to financial analytics firm Refinitiv, dealmaking like initial public offerings (IPOs) and mergers and acquisitions (M&As) was at an all-time high that year.

Collateral 246

Collateral Investors Mergers and Acquisitions Initial Public Offering 246

The Big Picture

APRIL 1, 2023

 This week, we speak with Ken Kencel, who is president and chief executive officer of Churchill Asset Management, a private credit firm with $46 billion in assets under management that was the top US private equity lender in the 2022 PitchBook league tables and was named 2022 Lender Firm of the Year by The M&A Advisor.

Asset Management 69

Asset Management Assets Mergers and Acquisitions Finance 69

The Motley Fool

FEBRUARY 21, 2024

billion merger with Spirit Realty Capital in an all-stock transaction in October, which closed subsequent to year-end on January 23rd. And importantly, together with the Spirit merger, set us up to deliver a compelling earnings growth backdrop in 2024. Our diligent asset management efforts led to a recapture rate of 103.6%

Mergers and Acquisitions 246

Mergers and Acquisitions Debt Assets Capital 246

Blackstone News

JUNE 15, 2023

Cvent”), an industry-leading meetings, events and hospitality technology provider, today announced the completion of its acquisition by an affiliate of private equity funds managed by Blackstone (“Blackstone”) for $8.50 About Blackstone Blackstone is the world’s largest alternative asset manager.

Securities and Exchange Commission (SEC) 105

Securities and Exchange Commission (SEC) Mergers and Acquisitions Legal Enterprise Values 105

The Motley Fool

SEPTEMBER 13, 2024

In addition to boosting its renewable energy capacity, Brookfield has leveraged its expertise to expand into developing other sustainable solutions. The company funds these endeavors through its investments in the Brookfield Global Transition Fund (BGTF) strategy, which its parent, Brookfield Asset Management (NYSE: BAM) , manages.

Mergers and Acquisitions 130

Mergers and Acquisitions Asset Management Assets Leveraging 130

Blackstone News

NOVEMBER 29, 2023

We look forward to partnering with management to build upon their leading online marketplace and leveraging Blackstone’s extensive expertise and resources to support the Company’s continued expansion as a private company.” Transaction Terms The merger agreement includes a customary 30-day “go-shop” period expiring on December 29, 2023.

Securities and Exchange Commission (SEC) 131

Securities and Exchange Commission (SEC) Mergers and Acquisitions Legal Assets 131

Private Equity Wire

SEPTEMBER 27, 2024

Speakig in an interview Zelter said: “This is where the industry is moving,” highlighting the increasing convergence between private capital providers and traditional banks, while emphasising that Citigroup’s role would evolve from its typical mergers and acquisitions (M&A) activity to offering a full range of financing options.

Mergers and Acquisitions 97

Mergers and Acquisitions Debt Asset Management Leveraging 97

The Motley Fool

APRIL 23, 2024

Roughly $7 million worth of cancels came from a single client event, a historic merger of two major global banks in Europe that affected us across index, ESG, and analytics. Just last week, we closed our acquisition of the London-based index provider, Foxberry. Turning to our other recent acquisitions.

Mergers and Acquisitions 130

Mergers and Acquisitions Hedge Funds Asset Management Banks 130

Private Equity Wire

SEPTEMBER 24, 2024

Historically, the focus was on leveraged buyouts and cost-cutting to boost profitability, but this approach is no longer sufficient. x, which represents the modernization of these functions, focuses on advanced cash management and aligning financial operations with broader strategic goals. Treasury 4.x,

Mergers and Acquisitions 95

Mergers and Acquisitions Private Equity Firms Private Equity Firms Leveraged Buyouts 95

The Motley Fool

JULY 26, 2024

See the 10 stocks » *Stock Advisor returns as of July 22, 2024 We are delighted to announce that we closed our merger with Cambridge Trust on July 12 and successfully converted all banking customers that we get. And we believe our best days are still ahead of us due to the strategic benefits of the Cambridge merger. 10 overall.

Mergers and Acquisitions 130

Mergers and Acquisitions Securities and Exchange Commission (SEC) Banks Assets 130

Private Equity Professional

AUGUST 12, 2024

Conversely, while far smaller in number, weak performers cannot access the positive market trends prevalent in the first half of 2024 as demand for heightened risk and underperforming assets was absent. Leveraged buyout volumes remained down from historical highs in Q2 2024, as did EBITDA purchase price multiples, which decreased from 11.5x

Buyout 100

Buyout Enterprise Values Leveraged Buyouts Mergers and Acquisitions 100

Private Equity Wire

NOVEMBER 28, 2023

While the CSRD adds to investors’ sustainability reporting obligations, the data disclosed by their portfolio companies can be leveraged to support investment decisions. Regardless, investors can begin to prepare resources and capabilities to streamline reporting once further guidance is published.

Investors 96

Investors Due Diligence Mergers and Acquisitions Asset Management 96

Private Equity Wire

OCTOBER 22, 2024

Private equity’s role in M&A in 2024 In 2023, the financial services (FS) industry experienced a decline in mergers and acquisitions (M&A) for the second consecutive year. They work closely with clients, leveraging in-house legal expertise to develop proprietary insurance contracts that address industry-specific risks.

Mergers and Acquisitions 92

Mergers and Acquisitions Financial Institutions Liabilities Venture Capital 92

The Motley Fool

AUGUST 1, 2024

Blue Owl had a very active second quarter, reporting another record quarter of earnings and announcing highly strategic acquisitions that further diversify our business. Looking back to when we announced the Oak Street acquisition in 2021. And critically, all of these were proprietary acquisitions not done through auctions.

Capital 130

Capital Mergers and Acquisitions Management Fees Asset Management 130

The Motley Fool

JULY 26, 2023

But if you include pending acquisitions, such as Home Point, we're over 950 billion, which is nearly on top of our 1 trillion target. Also contributing to portfolio growth, we completed the acquisition of Rushmore Servicing, which now makes us one of the largest special servicers. And that is now playing out as we foresaw.

Mergers and Acquisitions 130

Mergers and Acquisitions Finance Financing Leveraging 130

Pension Pulse

APRIL 25, 2024

Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth. KKR & Co.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

The Motley Fool

OCTOBER 11, 2024

On October 1, we closed on our acquisition of Global Infrastructure Partners. The combination triples infrastructure AUM and doubles private markets run-rate management fees. Our planned acquisition of Preqin is accelerating this exciting private markets data and analytics journey for BlackRock and our clients. trillion, 11.5

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130

The Motley Fool

FEBRUARY 9, 2024

Additionally, the acquisitions of Rushmore Servicing and Roosevelt Management added another 32 billion and brought us best-in-class special servicing capabilities in the infrastructure to launch our first MSR fund. A key theme for 2023 was operating leverage. The WMIH merger brought us 1 billion in deferred tax assets.

Mergers and Acquisitions 130

Mergers and Acquisitions Leveraging Portfolios Assets 130

The Motley Fool

MAY 7, 2024

Our results for the start of 2024 illustrate our focus on thoughtful, disciplined growth and continue to demonstrate the consistency of our global operating and acquisition platform. After the Spirit merger closed in January, our annualized free cash flow available for investments is approximately $825 million. Welcome, everyone.

Mergers and Acquisitions 130

Mergers and Acquisitions Assets Debt Capital 130

The Motley Fool

JULY 30, 2024

We're already seeing users leverage S&P Spark Assist to optimize code, rewrite configuration files for software migrations and summarize complex documents. Leveraging LLM from multiple sources allows us to benefit from the rapid innovation taking place across the technology ecosystem without being locked into a single vendor.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Mergers and Acquisitions Banks Debt 130

The Motley Fool

OCTOBER 21, 2024

Also active brokerage accounts continuing to climb even after the TD Ameritrade merger. If you have $10 trillion in assets and the stock market rises by 20%, you're going to have $12 trillion of assets. After the TDA Mertde acquisition, I thought they were going to have a tougher time retaining those clients.

Banks 130

Banks Investment Banking Investment Banks Mergers and Acquisitions 130

The Motley Fool

NOVEMBER 7, 2023

The resilience, tenacity, and range of our One Team has been impressive, culminating in the signing of the merger agreement with Spirit Realty, which we announced last week. As announced last week, we entered into a definitive merger agreement with Spirit Realty in an all-stock transaction valued at $9.3 to $4.01.

Mergers and Acquisitions 100

Mergers and Acquisitions Assets Debt Finance 100

The Motley Fool

FEBRUARY 7, 2024

Prismic will enhance our mutually reinforcing business system and drive future growth by leveraging our differentiated brands, global asset and liability origination capabilities, and multichannel distribution. In addition, we entered into a reinsurance agreement with Somerset Re for a $12.5 Results of our U.S.

Mergers and Acquisitions 130

Mergers and Acquisitions Capital Assets Liabilities 130

The Motley Fool

JANUARY 16, 2025

And even though spending increases in brand, people, and technology, and strong fee growth, which drove incentive and transaction processing costs higher, we managed to create operating leverage in the fourth quarter. The good news is we created operating leverage in the quarter. Our supplementary leverage ratio was 5.9%

Banks 130

Banks Leveraging Capital Accounting 130

The Motley Fool

OCTOBER 25, 2023

You're seeing the benefit of continued strong operating results, the gain from the trust collapse we mentioned last quarter, and the accretion from closing the home point acquisition which came in consistent with our guidance. Now, turning to operations. As the market's leading servicer with 4.3

Mergers and Acquisitions 100

Mergers and Acquisitions Taxes Banks Capital 100

Pension Pulse

SEPTEMBER 4, 2024

The alternative asset manager, along with the Canada Pension Plan Investment Board (CPP Investments), is acquiring AirTrunk from Macquarie Asset Management (MAM) and the Public Sector Pension Investment Board (PSP). The acquisition is Blackstone’s biggest-ever investment in the Asia-Pacific region, outweighing its A$8.9

Investing 59

Investing Asset Management Stakes Assets 59

Pension Pulse

MARCH 28, 2024

The question now is how to tap it: a complex dilemma that’s shaping merger talks and corporate strategy, while attracting insurers and asset managers who see a lucrative opportunity in companies that want out of this volatile game altogether. In the US, these pension plans represent a $2.5 s Athene insurance arm.

Liabilities 59

Liabilities Consulting Consultants Mergers and Acquisitions 59

JMI Equity

JULY 23, 2024

The round also includes new partners Goldman Sachs Asset Management, Sixth Street Growth, CapitalG, and Tidemark, who join current investors TCV, JMI Equity, funds and accounts advised by T. Rowe Price Investment Management, Inc., Rowe Price Associates, Inc. respectively, and OMERS. NEA’s dedicated $3.2

Legal 40

Legal Law Firms Mergers and Acquisitions Investing 40

The Motley Fool

JANUARY 12, 2024

Adjusted full year revenue grew 5% on a back of 9% NII improvement and strong asset management fees and sales and trading results. We achieved 170 basis points of operating leverage in 2023, as heightened quarterly expense levels were driven lower throughout the year, even as the investments in growth continued. billion in Q4.

Banks 130

Banks Taxes Accounting Assets 130

Pension Pulse

DECEMBER 21, 2023

He told me he tries to leverage the institution to form solid partnerships and add meaningful value. He joined McCarthy Tétrault back in 1997 and was a corporate litigator working on mergers and acquisitions, bankruptcies and other files. We began with a quick overview of his career.

Mergers and Acquisitions 59

Mergers and Acquisitions Assets Pension Funds Leveraging 59

Insight Partners

OCTOBER 18, 2023

A complex network designed to balance power supply with power demand now additionally has to onboard new types of renewables (hydro, geothermal, etc) and leverage virtual power plants. Balancing regulation and innovation While regulation can offer early momentum for user acquisition, it shouldn’t be the lynchpin of a business model.

Mergers and Acquisitions 52

Mergers and Acquisitions Consulting Consultants Investors 52

Pension Pulse

MAY 22, 2024

Other categories affecting our total cost profile include taxes and expenses associated with various forms of leverage. Page 26 of the Fiscal 2024 Annual Report provides a discussion of how we manage our costs. Committed to invest C$197 million in financing to support CapVest Partners in its acquisition of Recochem.

Investing 59

Investing Pension Funds Stakes Assets 59

Pension Pulse

MAY 24, 2023

Management fees increased by $165 million, due to an increase in average assets managed by external fund managers. Other categories affecting our total cost profile include taxes and expenses associated with various forms of leverage. HCP) to support Carlyle’s acquisition of the company. and the U.S.

Investing 52

Investing Stakes Pension Funds Assets 52

The Big Picture

FEBRUARY 13, 2023

RITHOLTZ: Was this a distressed acquisition or — RIEDER: It was. You know, people are comfortable, leverage builds. I mean, I have to say the first thing, and maybe I wasn’t very good at it early in my career, but you start to think about particularly on the asset management side.

Hedge Funds 59

Hedge Funds Education Funds Banks 59

The Big Picture

DECEMBER 14, 2022

I found one of the things that was a little unsatisfying as a merger banker is you’d work on a transaction, you’d help a company buy something or sell something, or merged with another business. But I would say when it came to kind of what part of investing, I think being a merger banker did inform what I wanted to do next.

Assets 64

Assets Mergers and Acquisitions Capital Portfolios 64

The Big Picture

APRIL 4, 2023

 The transcript from this week’s, MiB: Ken Kencel, Churchill Asset Management , is below. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Ken Kencel of Churchill Asset Management, CEO, Founder, President. This is really a fascinating story. It’s fantastic.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Finance Financing 59

The Motley Fool

JULY 20, 2023

We believe our clients view us as the gold standard in alternative asset management. Our original strategic plan, which was to start in corporate advisory and then quickly move into private equity, followed by a succession of other asset management businesses over time. banks with an average of 12 times leverage.

Banks 130

Banks Capital Assets Mergers and Acquisitions 130