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CoStar Group (NASDAQ: CSGP) , the parent company of Apartments.com and Homes.com, announced its intention to acquire Matterport (NASDAQ: MTTR) , a virtual tour software platform, for an enterprisevalue of $1.6 or more 0.02906 shares Matterport's Merger Arbitrage Opportunity As of this writing, Matterport trades for roughly $4.40
Private investment giant Blackstone, in partnership with smaller investors, is acquiring a majority stake in Citrin Cooperman, a US accounting firm, in a deal that values the company at over $2bn, according to a report by the Financial Times. Private equity has driven a wave of mergers and acquisitions in the accounting sector.
and Dragoneer Investment Group to take the education software firm private for a total enterprisevalue of about $1.5bn. The purchase price represents an about 55% premium over the closing price on November 30, 2022, when the company disclosed the bidders for its acquisition proposal, according to Refinitiv data.
The specialist in audio and speech recognition software went public by merging with a special purpose acquisition company on April 28, 2022. That trajectory is impressive, but management originally claimed the company could generate $255 million in revenue in 2024 during a pre-merger presentation in late 2021.
As for FCF, the added $400 million in interest expense increased capital spending and working capital requirements resulting from the spinoff, which means management estimates it will generate $700 million to $800 million in FCF in 2024. Management is candid that paying down debt is a strategic priority over the next two years.
Nikola (NASDAQ: NKLA) initially impressed the bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 3, 2020. At its peak, Nikola had an enterprisevalue of $28.7 At its peak, Nikola had an enterprisevalue of $28.7 just six trading sessions later. Image source: Nikola.
First, prior to this decline, the company's ratio of enterprisevalue (EV) to earnings before interest, taxes, depreciation, and amortization (EBITDA) was at an all-time high of 24. Offloading the bulk of the risk and capital requirements to its franchisees, MTY is an asset-light operator with stable free-cash-flow (FCF) margins.
It's making two acquisitions to enhance its footprint, cash flow, and ability to return cash to investors. After closing the deal for GIP's interest in EnLink, Oneok plans to pursue the acquisition of EnLink's publicly traded shares in a tax-free transaction (i.e., a stock-based acquisition). billion enterprisevalue.
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 Zillow and Redfin both shut down those "iBuyer" (instant buyer) businesses because it was a capital-intensive strategy that was difficult to maintain as interest rates rose. billion $8.0 billion $6.9
The merger wave in the oil patch is continuing in 2024. That acquisition will enhance APA's scale in the resource-rich Permian Basin. Here's a look at the latest oil stock merger and what it means for investors. Drilling down into the deal APA Corporation is buying Callon Petroleum in an all-stock deal valued at $4.5
(“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 per share in cash, representing a total enterprisevalue of approximately $4.6
That price is good for an enterprisevalue of $14.9 Steel announced back in August 2023 , spurred after the company received multiple unsolicited proposals ranging from the acquisition of certain assets to the purchase of the entire company. In a press release this morning, U.S. billion (including roughly $800 million of U.S.
MTY Food Group: A serial acquirer MTY Food Group has made 50 acquisitions since 1999, including 27 over the last decade. While companies that rely upon megamergers or one-off jumbo acquisitions to fuel their growth often disappoint, serial acquirers like MTY often prove to be outperforming propositions. percentage points.
Devon Energy (NYSE: DVN) launched a pioneering capital return framework following its transformational merger with WPX Energy in early 2021. billion equity value in stock (0.10125 of its shares for each share of Enerplus) and the other 10% in cash ($1.84 Reuters also reported that Devon had discussed a merger with Marathon Oil.
The biggest catalyst has been acquisitions. billion acquisition of Lotus Midstream last May and followed it up with its $7.1 billion merger with fellow MLP Crestwood Equity Partners in November. billion acquisition of WTG Midstream. billion on growth capital projects this year. Energy Transfer closed its $1.5
All about cash flow Since completing its merger with Sprint in 2020, T-Mobile has produced massive free cash flow growth for shareholders. For example, management delivered more than $8 billion in merger synergies since integrating Sprint, above its $7.5 T-Mobile's dividend remains a small part of its capital returns.
First, Kroger's pending $25 billion acquisition of Albertsons and its 2,200 grocery stores would nearly double its store count to about 4,500 locations after a planned divestiture and sale of some stores to C&S Wholesale Grocers. However, several unfolding developments potentially give the grocer some market-beating catalysts.
The master limited partnership (MLP) delivered solid earnings growth, fueled by organic expansion and two acquisitions. As the chart in the upper left-hand corner of that slide shows, the MLP trades at about 8 times its enterprisevalue to EBITDA. billion merger with Crestwood that didn't close until early November.
The general idea is that breaking up conglomerates will enable management to focus on core businesses and expertise while realigning the capital structure of the new companies. The result will be improved earnings, better access to capital, and a revamping of valuation. It's an idea that finds favor with investors.
The sale forms part of Constellation's acquisition of Calpine. The investment in Calpine was made in 2018 through a co-investment with Energy Capital Partners (ECP) and Access Industries. The merger will expand the footprint of the combined company across the continental US. is nearing an acquisition of Calpine Corp.,
Lucid (NASDAQ: LCID) , a fledgling producer of luxury electric vehicles (EVs), went public by merging with a special purpose acquisition company ( SPAC ) on July 26, 2021. billion target it had set in its pre-merger presentation. With an enterprisevalue of $5.33 The combined company's stock opened at $25.24
To be sure, Focus, CI, and Beacon Pointe have built extraordinary franchises focused on inorganic growth, each hitting on all the right data points and capturing the attention of the most well-capitalized and bullish buyers. How do I build a business for maximum enterprisevalue?
Lincoln International has reported that the Lincoln Private Market Index (LPMI), which tracks the enterprisevalue of U.S. contraction in enterprisevalue due to investor uncertainty surrounding interest rates and potential tariffs. privately held companies, increased by 2.3% in the fourth quarter of 2024.
The Lincoln Private Market Index (LPMI), which tracks changes in the enterprisevalue of privately held companies in the United States, increased by 1.9% Compared to the public markets, the S&P 500’s quarter-over-quarter enterprisevalue increase of 4.5% outpaced the LPMI. in Q1 2024.
WI Oberon Securities, LLC NY Buyer Targeting Firm HQ i5 Advisory TX Genki Capital TX Aaron, Bell International Inc. ” Visit Founder M&A’s Profile “AAE is a boutique merger and acquisition advisory firm located in the Kansas City area. We offer M&A advisory services as sell-side advisors.
One of my econ professors in college made the point early in my time in school, at the end of the day, economics rule and in capitalism, that's just the simple fact of the matter, so when companies costs go up, they find ways to account for that. Now that they've closed the acquisition. There's lots of them.
is the global leader in merger and acquisition services, specializing in serving software and information technology companies worldwide. We have successfully managed and handled engagements in a wide variety of industries and are recognized as a leader in assisting in the sale, or purchase of businesses.
Top 25 Investment Banks Rank Firm HQ 1 FOCUS Investment Banking VA 2 ASA Ventures Group CO 3 Vertess Healthcare Advisors, LLC TX 4 Woodbridge International CT 5 Plethora Businesses CA 6 Murphy McCormack Capital Advisors PA 7 Merritt Healthcare Advisors CT 8 Vista Business Group KS 9 Peakstone Group IL 10 Meritage Partners, Inc.
Prior to joining JMI, Thomet was an investment banking analyst in the mergers & acquisitions group at Bank of America Merrill Lynch. Prior to joining JMI, he was an analyst at Tiger Veda Management, an associate at New Mountain Capital and a mergers and acquisitions analyst at Lazard. He received a B.S.
Recently, we’ve seen successful outcomes across Insight’s cyber portfolio through M&A, including the acquisitions of Perimeter 81 by Check Point, Laminar by Rubrik , and Bionic by CrowdStrike. We expect to see more cyber mergers and acquisitions as companies evaluate their future paths.
We continue to invest thoughtfully and in a highly capital-efficient model to extend our network leadership, and it shows. That, combined with our capital efficiency has led to a record adjusted free cash flow quarter that grew 54% year over year and once again led the major wireless companies in free cash flow margin. billion and $9.1
We were looking for the right partners to provide ready access to capital so that we could execute that transformative strategy,” said Ms. Owen continued, “Our ‘Sustainability-in-Action’ strategy will require focused execution and significant capital. Owen, who will continue in her role after the transaction closes in mid-2025.
Prior to joining JMI, Duane worked as an investment banker in the mergers & acquisitions group at Evercore. Today, the Firm’s portfolio of industry-leading cloud software companies represents $9 billion in combined revenue, $75 billion in aggregate enterprisevalue, and over 37,000 jobs. from Stanford University.
Consistent with everything we've said for the last year, this JV is the latest example of a capital-light model, and we're excited to have such great and experienced partners. billion as we deliver a capital efficiency unmatched in our industry on the back of our network integration and 5G leadership. billion and $9.4 billion to $16.9
” Visit SouthWorth’s Profile “Cottonwood Acquisitions is a family office partnership focused on investing in small to mid-sized businesses. ” Visit Bluff Point’s Profile “Emigrant Capital is the private investment division of Emigrant Bank, the nation’s largest family-owned and operated bank.
Scott Murdoch of Reuters aslo reports Blackstone to buy Australia's AirTrunk in US$16 billion deal: Blackstone will buy Australian data centre group AirTrunk for an implied enterprisevalue of over A$24 billion ($16.10 has agreed to acquire Australian data-center operator AirTrunk in a deal valuing the firm at A$24 billion ($16.1
On top of that, our discipline in capital allocation remains pristine. Since 2021, the total amount distributed in dividends and interest on capital translated into a 27% yield to our shareholders. This shows Vale's solid track record in creating and sharing value. The implied pre-money equity value for Vale was $25.1
Peter is the guy I look to when I wanna learn things about how to build a firm, how to grow organically, how to think about acquisitions, how to structure your company, really to become an enterprise as opposed to merely being a business. You did no acquisitions. You’re working as an attorney for an advisory firm.
The full share capital of Premier Lotteries Ireland (PLI), currently majority owned by the Ontario Teachers’ Pension Plan with minority stakes held by An Post, is to be sold to La Francaise des Jeux, pending approval by the lottery regulator. The sale of PLI to FDJ is for 100% of the share capital, and is subject to regulatory approvals.
The transcript from this week’s, MiB: Steven Klinsky, New Mountain Capital , is below. Eventually, Steve takes his experience and knowledge and stands up his own firm, New Mountain Capital, which is one of the largest private equity shops in the world. And so I joined Goldman in there, it was a 12-person merger department.
NuScale Power (NYSE: SMR) has been a divisive stock ever since it went public by merging with a special purpose acquisition company in May 2022. The bears claimed its stock was overvalued and it would struggle to scale up its capital-intensive business. NuScale's stock opened at $10.70 NuScale's stock opened at $10.70
TDR Capital, the private equity firm and co-owner of Asda, struck a deal to acquire a majority stake in CorpAcq, a UK-based company specialising in supporting small and medium-sized enterprises. The transaction values CorpAcq at well over 1bn on an enterprisevalue basis, according to sources familiar with the matter.
Gridiron Capital has added Mike Huttner as a vice president on its business development team. Before joining Gridiron, Mr. Huttner was a vice president at Raymond James , where he advised consumer companies on mergers and acquisitions and capital markets strategies. billion in capital.
Such a merger would be the largest semiconductor sector deal in history since Intel still has an enterprisevalue of $124 billion. Qualcomm would also need to issue a lot of new shares to cover the acquisition. There's also a chance Intel will sell itself in pieces. Should you invest $1,000 in Qualcomm right now?
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