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The deal is set to enhance FGEs capabilities by expanding its team, technology platform, and service offerings, while also supporting both organic and acquisition-driven growth. Founded in 1984 by Dr. Fereidun Fesharaki, FGE delivers independent data, research, and advisory services across global oil, gas, LNG, NGLs, and green energy markets.
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.
While Blue Owl itself would not participate in the merger, it owns stakes in firms that could, including infrastructure investors like Stonepeak and I Squared Capital, as well as private equity groups like Vista Equity Partners, Silver Lake, and Platinum Equity.
Vista Equity Partners has sold an $800m minority stake in LogicMonitor, a SaaS-based hybrid observability platform powered by artificial intelligence (AI), to a consortium of investors including PSG, Golub Capital, and others.
The two leading semiconductor design software and verification platforms -- Synopsys (NASDAQ: SNPS) and Cadence Design Systems (NASDAQ: CDNS) -- have been off to the races the last few years, especially as investors have caught wind of how important these companies are to the development of AI and other advanced computing technology.
trillion and making it the most valuable company in the world. So if you're looking for the "next Nvidia," you might want to check out the smaller AI companies the chipmaker is investing in. One of those companies that stands out is Serve Robotics (NASDAQ: SERV) , a producer of AI-powered sidewalk delivery robots.
The regulator, which launched the probe in December over competition concerns, confirmed on Wednesday that it will not escalate the merger to a further in-depth investigation. The company confirmed it is in early-stage discussion with private equity investors but emphasized that there is no certainty a public takeover offer will materialize.
Buying a stake in Activision proved to be a lucrative move for Berkshire. Now, though, Buffett is selling Berkshire's Activision stock before the Microsoft acquisition closes. By the end of 2022, its stake had been trimmed to 6.7%. The giant conglomerate's stake was reduced to only 1.9%. of Activision.
Endless created Karnova Food Group through the acquisitions of Yorkshire Premier Meat in 2022 and Smithfield Murray in 2023. The private equity firm has not disclosed financial returns from the exit. The combined business now generates over 135m in revenue, according to a statement from Endless. Can`t stop reading?
The company is headquartered in both Dallas and Tel Aviv and has previously raised nearly $500m from major investors, including Sequoia Capital, Insight Partners, and Israeli VC firm Cyberstarts. Its last funding round in early 2024 valued the company at $3bn. Can`t stop reading?
The oil companies currently find themselves on opposite ends of a major dispute stemming from Chevron's pending acquisition of Hess (NYSE: HES) , which it made as a countermove following Exxon's mega-deal for Pioneer Natural Resources. Exxon believes Chevron's pending acquisition of Hess triggers this clause. billion, or $64.5
A high-stakes clash between private equity titans KKR and Bain Capital over a $4bn buyout of Fuji Soft is reshaping the landscape of mergers and acquisitions (M&A) in Japan, and could become a blueprint for more aggressive dealmaking in the country, according to a report by the Financial Times.
Key deals included selling its majority stake in Dutch generic drugmaker Synthon to Goldman Sachs’ alternative investment division, divesting its controlling stake in Canadian security firm GardaWorld, and listing Springer Nature AG in Germany. Can`t stop reading?
Energy companies have signed over $180 billion in merger agreements over the last six months. However, Devon Energy (NYSE: DVN) has gotten left out of the current merger wave washing over the oil patch. The oil producer has reportedly pursued several acquisition targets, only to lose to a competitor.
Trading in the company’s shares was halted on Friday pending an announcement related to mergers and acquisitions. Warburg Pincus, ESR’s largest shareholder with a 14% stake, plans to roll over its holdings into the new private entity rather than sell for cash, according to one of the sources.
BlackRock made headlines in late 2024 through the firms acquisition of HPS Investment Partners , backed by their expectation that the private debt market will more than double to $4.5 2] While BlackRocks acquisition dominated the news cycle, other firms have already made it their prerogative to jump into the private credit pool.
But in the investment banking world, the best time to finalize potential mergers or acquisitions is over the weekend, as markets aren't open and companies don't have to worry about the potential for leaked information to cause an immediate spike in share prices. Under the deal, Brookfield Re would pay $38.85
An affiliate of Paceline Equity Partners, LLC , a Dallas-based private equity manager, today announced that it has participated in a $175m financing facility to support GCOM Software LLC’s merger with OnCore Consulting, LLC. GCOM is a portfolio company of Sagewind Capital, LLC , a New York-based middle-market private equity firm.
That massive gain was largely driven by the rapid expansion of the artificial intelligence (AI) market, which drove many companies to ramp up their purchases of the company's data center graphics processing units (GPUs) to process complex machine learning and AI applications. Image source: Getty Images. area in the first half of 2024.
Several factors have contributed to the company's ability to deliver such consistent growth. For starters, the midstream company generates very stable cash flow. Meanwhile, the company pays out a conservative percentage of its stable cash flows. For example, the company recently priced $1.1 billion to investors.
Private equity-owned companies HealthComp and Virgin Pulse are planning to merge in a $3bn transaction in a bid to create a comprehensive employer health benefits platform. New Mountain will maintain majority ownership of the combined company, while Marlin will retain a minority position. Providence, R.I.-based Fresno, Calif.-based
The needle-moving acquisition would enhance the company's portfolio and extend its growth profile. As a result, the companies are seeking arbitration to resolve the matter. While the timing might suggest the acquisition was in response to Exxon's merger, Chevron wasn't doing a deal just to keep up with its rival.
Buyout firm EQT AB is teaming up with Germany’s richest man to acquire a 35% stake in German bus and train operator Flix SE. The company reported €104 million of adjusted earnings before interest, taxes, depreciation and amortization. in its $3 billion acquisition of renewable energy firm Encavis AG announced in March.
After all, he's owned it since he helped arrange a merger to create the entity in 2015. The merger was worth roughly $45 billion, creating a food giant that owns such famous brands as Kraft, Heinz, Oscar Meyer, Kool-Aid, Jell-O, Capri-Sun, and more. However, the merger also loaded up the new entity with debt. Is it stubbornness?
But there's a reason Warren Buffett's kept a sizable Kraft Heinz stake in Berkshire Hathway 's portfolio since melding the two food companies into one back in 2015. A merger that underperformed on multiple levels If you're not familiar with the saga, here's the shortened version of the story. That is, he still sees hope.
The wave has flowed down into the midstream sector, where leading players Energy Transfer (NYSE: ET) and Oneok (NYSE: OKE) have made headline-grabbing acquisitions. Midstream merger mania The pipeline sector has faced its share of headwinds in recent years. billion cash-and-equity acquisition of privately held Lotus Midstream.
That creates growth opportunities for companies and enhances value for shareholders in companies with exposure. One such company is diversified industrial Honeywell International (NASDAQ: HON). Honeywell has invested nearly $300 million in Quantinuum since the deal was struck and owns about 54% of the company.
The main draw was Hess' 30% stake in the Exxon-operated Stabroek block offshore Guyana. However, Exxon and its other partner in Guyana, China's CNOOC , now say the deal will trigger a change-of-control provision, enabling them to increase their stakes in Stabroek. Chevron is currently in talks with the two companies.
Berkshire Hathaway's combined stake in Coca-Cola (NYSE: KO) , Kroger (NYSE: KR) , and Amazon (NASDAQ: AMZN) amounted to over $25 billion at the end of 2023's third quarter. Coca-Cola: Long-lasting shareholder value Jennifer Saibil (Coca-Cola): Resilience is an important feature in a company you want to invest in.
A wave of mergers and acquisitions (M&A) activity has washed over the oil patch in the last year. Several midstream companies have made acquisitions, while the rumor mill suggests others are on the prowl. These deals will give pipeline companies more fuel to grow their cash flow and high-yielding dividends.
The high-stakes world of gaming has been abuzz since Microsoft (NASDAQ: MSFT) announced its bold move to acquire Activision Blizzard (NASDAQ: ATVI). regulatory agencies, have cast uncertainty on the merger's future. regulatory agencies, have cast uncertainty on the merger's future. Microsoft seeks to purchase a $68.7
Symbotic (NASDAQ: SYM) , a producer of artificial intelligence-powered warehouse automation robots, went public by merging with a special purpose acquisitioncompany (SPAC) two years ago. But with a market capitalization of $23 billion, Symbotic might have less upside potential than other, smaller robotics companies.
Let's explore what the next five years could have in store for the company. Joby Aviation went public through a merger with a special purpose acquisitioncompany (SPAC) in 2021 , raising more than $1 billion to help develop and test its eVTOL program. Why eVTOLs? Image source: Getty Images.
One company I've been following for a while is voice recognition software developer SoundHound AI (NASDAQ: SOUN). 15, SoundHound AI stock rocketed 67% higher following news that " Magnificent Seven " member Nvidia had disclosed a stake in the company. Big tech has already shown interest in this space. Image source: Getty Images.
AST SpaceMobile was founded seven years ago and went public by merging with a special purpose acquisitioncompany ( SPAC ) in 2021. Uber spun out Serve Robotics in 2021, and the newly independent company went public through a reverse merger (similar to a SPAC acquisition ) with a blank-check company in 2023.
Some companies create so much value over the long term that their stock price soars into the hundreds or even thousands of dollars, which makes it difficult for everyday investors to buy one full share. The value of the company remains the same, but it gives investors the opportunity to buy in with a smaller outlay.
Citadel had amassed a stake of 5 million shares of Microsoft stock, representing 1.7% Microsoft recently completed its acquisition of Activision, so the position was likely used to leverage the merger arbitrage -- a way to profit from the difference between Activision's then-current stock price and the eventual purchase price.
Stock splits are all the rage on Wall Street this year, as evidenced by the growing number of companies engaging in them. These maneuvers are usually only undertaken after years of strong financial and operating results have driven a company's stock price out of reach of some smaller investors. Image source: Getty Images. on the stock.
It's always interesting when a new company comes to market and doubly interesting when it's a spinoff. In reality, two new companies came out of the spinoff of Solventum (NYSE: SOLV) and 3M (NYSE: MMM) -- a newly created healthcare company and an industrial conglomerate without a healthcare business. Image source: Getty Images.
It's making two acquisitions to enhance its footprint, cash flow, and ability to return cash to investors. It's buying GIP's 43% interest in fellow pipeline company EnLink Midstream (NYSE: ENLC) for $3 billion in cash. a stock-based acquisition). The acquisitions will also further diversify the company's business mix.
Some companies have a knack for paying dividends. Then there's the company's service area, which is spread across Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. The company and its partners unveiled a landmark transaction to acquire Australian utility Origin Energy earlier this year.
CEO Warren Buffett garners so much attention, just pull up a long-term chart of the company and you'll have a better understanding. In his 58-plus years as CEO, he's overseen an aggregate increase in his company's Class A shares (BRK.A) More importantly, the company was valued at between 10x and 15x forward-year earnings.
Berkshire's currently sitting on a 123-million-share/$16 billion stake in the oil giant, mostly because -- in Buffett's own words -- CEO Vicki Hollub "know[s] how to separate oil from rock, and that's an uncommon talent, valuable to her shareholders and to her country." As a reminder, Kraft and Heinz used to be two separate companies.
Getting back to the SPAC price Skeptics might consider Archer Aviation a textbook example of the bursting of the 2021 special purpose acquisitioncompany (SPAC) bubble. Archer Aviation doesn't necessarily fall into the failed SPAC category, but the company's share price has yet to return to its pre-de-SPAC price of $10.
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