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Although Berkshire is known for its public equity investments in companies like Apple and Coca-Cola , the value of the rest of the business is actually much higher. In fact, Berkshire's holdings in publiccompanies are worth about $320 billion compared to the $1.026 trillion market cap for Berkshire as a whole.
Furthermore, some BDCs, such as Ares Capital, offer more sophisticated financing solutions -- making them appealing to larger publiccompanies as well. You might be wondering if a BDC is just a fancy term for a bank. I think Hercules offers a level of flexibility that most traditional banks simply aren't willing to offer.
Axial is excited to release our Q3 2024 Lower Middle Market Investment Banking League Tables. To assemble this list, we reviewed the deal-making activities of 370 investment banks and advisory firms that met the qualifications to be considered for league tables last quarter. For 37 years, Corum has created the standard for success.
Axial is excited to release its Q1 2023 Lower Middle Market Investment Banking League Tables. These league tables reveal the top 25 investment banks that were active on the Axial platform in Q1. In Q1, 740 sell-side investment banks and M&A advisors brought a total of 2,775 deals to market. million and $3.2
EOG recently celebrated our 25th anniversary as an independently traded publiccompany. Operator And our next question today will come from Kalei Akamine with Bank of America. Kalei Akamine -- Bank of America Merrill Lynch -- Analyst Hey, good morning, guys. Now, here's Ezra to wrap up. Please go ahead. because of Verde.
Just last month in April, we added more than 1,000 principal agents with our accretive acquisition of Latter & Blum, the largest agency in the Gulf South and New Orleans. year over year, while our three largest publiccompany competitors by agent count reported decreases of 2%, decreases of 5%, and decrease of 6% in the same period.
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. The WMIH merger brought us 1 billion in deferred tax assets. At the time, there was skepticism about their value.
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. Cooper's growth began to take off at this point when we acquired 200 billion-plus portfolio from Bank of America.
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.
Blue Owl had a very active second quarter, reporting another record quarter of earnings and announcing highly strategic acquisitions that further diversify our business. And since becoming a publiccompany, we have had 13 consecutive quarters of management fee and FRE growth, highlighting both the stability and strength of our business.
I mean, I think when we announced the deal, we were very conscious of the cash stock mix that we put in place for the Endeavor merger. If you look back to the history of Diamondback, we've grown through acquisition. But I think we're also just preparing room for a major acquisition to close. I mean, I think so, Charles.
We believe the continued path of central bank normalization will support sustained inflows across bond funds, ETFs, and institutional accounts. On October 1, we closed on our acquisition of Global Infrastructure Partners. Finally, fixed income. Fixed income delivered across the platform with over $60 billion of net inflows.
Just an incredible, insightful conversation about how to build a company, how to grow through acquisitions, how to make sure everybody on your team understands their role, is appreciated, and is acting and performing at the highest levels. The requirements for asset managers to have a bank were such that it would inhibit us a bit.
We finished 2023 on a strong note with another consecutive quarter of management fee and FRE growth, 11 for 11 since we've been a publiccompany, against a market backdrop that has been exceptionally volatile and uncertain. Operator Your next question comes from Craig Siegenthaler with Bank of America. It was a big private bank.
Or are you guys looking to make some acquisitions in that space? We never precluded an acquisition. But with that, we're very disciplined, I think, in how we approach acquisitions, especially these days. Alex Henderson -- Needham and Company -- Analyst Great. Tal Liani -- Bank of America Merrill Lynch -- Analyst Hi, guys.
” Visit SouthWorth’s Profile “Cottonwood Acquisitions is a family office partnership focused on investing in small to mid-sized businesses. Bluff Point’s team collectively has decades of experience in recognizing a company’s growth potential and working with its management to reach that potential.
Matt Levine : 00:05:09 There’s some of that, but like, you have to like, like yeah, you’re like writing merger agreements and then the other side is marking up the merger agreement and like you’re arguing over commas and stuff. If the CEO sexually harasses someone, the company gets hacked. And I love that.
He said, well, it means about once every hundred years, the Shoal Creek, it's going to flood its banks, it's going to come right down to Lamar and it's going to fill up your store about eight feet of water. I couldn't believe it, the bank usually wants all this collateral, and we're just going to screw it. He said, no.
We are happy with this acquisition and view it as a key addition to our portfolio. Operator The next question is from Michael Funk with Bank of America. Michael Funk -- Bank of America Merrill Lynch -- Analyst Yeah. We've highlighted our recent Hopin acquisition and how well it's doing for us. Please go ahead.
And that was very important because when this was the dawning of what is now a big analyst program across the country in all banks and investment banks. And the entire merger department of Goldman Sachs in 1983 was 32 people. There was no m and a departments in any investment bank really until the very late seventies.
Microsoft is starting to separate itself because it's tied to so many things and we saw what it is now trying to do in the gaming business with its Activision Blizzard acquisition of almost $70 billion. So I think the acquisition is exciting. With really no corporate acquisitions, they do it all internal house.
Axial is excited to release its Q2 2023 Lower Middle Market Investment Banking League Tables. These quarterly league tables reveal the top 25 investment banks active on the Axial platform in Q2. In Q2, 771 sell-side investment banks and M&A advisors brought a total of 2,647 deals to market.
Jim Mueller: Oh, the bank. I was driving past another financial company. Bill Mann: I think like first National Bank should just be frank, I will just get on with it. Bill Mann: I think like first National Bank should just be frank, I will just get on with it. We were on banks, there's Fifth Third. Is it Truliant?
Record volumes, strong financial performance, and the closing of the Magellan acquisition solidified 2023 as a year of significant growth and transformation for ONEOK. Our refined products and crude segment adjusted EBITDA totaled more than $420 million in the segment's first full quarter of operation since the acquisition of Magellan.
And what was interesting was the first leveraged buyout of a publiccompany happened when I was in graduate school. KKR took a stock exchange company called who Houdaille, private, and it was the first time there’ve been — RITHOLTZ: ’79 or something like that? It was between corporate law and investment banking.
I think that when you look at this acquisition, it's not the craziest valuation for a business like this, it's somewhere around between six and seven times sales. This is not the first time we have seen a tech company get taken private, especially one that had come out to some fanfare on the public markets.
He joined McCarthy Tétrault back in 1997 and was a corporate litigator working on mergers and acquisitions, bankruptcies and other files. The other part that is very important for us and that's where the puck is heading for institutional investors, is the engagement with our portfolio companies.
In connection with the Eldorado-Caesars merger, we retired the CMBS debt. And with our acquisition of MGP, we were able to retire all of our remaining secured debt and received an investment-grade credit rating from S&P and Fitch in April of 2022. billion facility. We have approximately 3.3
As we close out the fourth quarter and reflect on another successful year, our most significant milestone was our merger with Cambridge Trust. Kim Dee joined Eastern as our new consumer banking director, bringing to us over 20 years of retail banking experience from Citizens Bank. With over 8.3
The decrease in this quarter's allowance was driven by releases in our commercial banking and commercial segments. In our consumer banking segment, we released $131 million in allowance, resulting in a 22 basis-point decrease to the coverage ratio. Slide 12 shows fourth quarter results in our consumer banking business.
Finally, we now expect adjusted free cash flow, including payments for merger-related costs in the range of $17.3 And then I'm just wondering if -- I know it's not a huge check for T-Mobile, but I hope the Vistar acquisition was an interesting one. Yeah, man, we are really excited about this acquisition. You asked about Vistar.
Well, the big investment banks. Still way behind Walmart, which 22% something you're trying to see why that merger wouldn't be allowed to go through. Ron, I know you weren't watching Kroger results too closely, but over-under AI came up five times [laughs] on a company called which direction?
Not really related to the Barings Bank of, of old, you know, if I think of Barings Bank, you think of the, the bank that blew up when you had an unauthorized trader acting out, as well as the first bank in China and Japan and finance. Most of what they do are, are real assets, credit debt, middle market banking.
Wall Street appreciates the prospect of additional corporate tax cuts and deregulation, which can foster an uptick in merger and acquisition activity, as well as fuel stock buybacks. Image source: Official White House Photo by Shealah Craighead, courtesy of the National Archives. Image source: Getty Images.
RITHOLTZ: So, let’s talk a little bit about your career, which began as a reporter, went into M&A banking, and then went back to writing. COHAN: I was doing something I probably should never have been allowed to do, which was write about public education in Wake County, which was fine. It’s great to be here.
Trump's return to the White House for a nonconsecutive second term in January will very likely pave the way for less stringent banking regulations, more merger and acquisition activity, and possibly a 29% reduction in the corporate income tax rate for domestic manufacturers. Sean Williams has positions in Bank of America.
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