article thumbnail

Billionaire Steven Cohen Sold Point72's Entire Stake in Supermicro and Is Piling Into This Game-Changing Artificial Intelligence (AI) Stock Instead

The Motley Fool

Election Day, monthly economic data reports, and earnings season -- the six-week period each quarter where a majority of S&P 500 companies announce their operating results -- make it easy for a meaningful announcement to go unnoticed. According to the company, sales in fiscal 2024 (ended June 30) surged 110% to just shy of $15 billion.

Stakes 245
article thumbnail

Advent International acquires Sauer Brands, parent company of Duke’s Mayonnaise

Private Equity Insights

the company behind the iconic Dukes Mayonnaise, from Falfurrias Capital Partners. The deal, announced in January 2025, reflects Advents growing interest in the specialty food sector.

Companies 162
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Billionaire Stanley Druckenmiller Sold 95% of Duquesne's Stake in Palantir and Is Piling Into This Trillion-Dollar Artificial Intelligence (AI) Stock Instead

The Motley Fool

Specifically, he dumped one of Wall Street's hottest AI stocks with a seemingly impenetrable moat in favor of another scorching-hot AI company. 17), and Druckenmiller's fund opened its nearly 770,000-share stake in Palantir at some point during the fourth quarter of 2023. 3), the company recorded $12.2

Stakes 246
article thumbnail

OpenAI appoints Adebayo Ogunlesi to board, highlighting AI infrastructure focus

Private Equity Insights

Ogunlesi will help the company secure the infrastructure needed to advance artificial intelligence development. GIP, a private equity firm managing over $100bn in assets, owns stakes in Gatwick Airport and offshore wind projects. OpenAI has added Adebayo Ogunlesi, CEO of Global Infrastructure Partners, to its board.

article thumbnail

Billionaire Ken Griffin of Citadel Is Piling Into Palantir and Broadcom and Selling Shares of Wall Street's Artificial Intelligence (AI) Darling

The Motley Fool

With the understanding that Citadel's hedge fund has hedged its positions with options contracts, its 13F shows that stakes in AI-fueled data-mining specialist Palantir Technologies (NYSE: PLTR) and AI networking solutions colossus Broadcom (NASDAQ: AVGO) were increased by 1,140% and 64%, respectively, during the June-ended quarter.

article thumbnail

Blackstone leads $2bn deal for PE-owned accounting firm

Private Equity Insights

A Blackstone-led investor group is acquiring a majority stake in US accounting firm Citrin Cooperman, valuing the company at over $2bn, according to sources cited by the Financial Times on Tuesday. agreed to buy a Permian Basin rival and a controlling stake in. read more US Pipeline Operator ONEOK Inks Two Deals for $5.9

article thumbnail

Fashion brand True Religion acquired by Acon Investments

Private Equity Insights

True Religion announced on Tuesday that private equity firm Acon Investments has acquired a majority stake in the company. The US-based clothing company will maintain its independence following the acquisition. SB360 Capital Partners, chaired by American Eagles CEO Jay Schottenstein, also took part in the deal.