FVLCRUM-led consortium acquires ad agency Burrell
PE Hub
OCTOBER 26, 2023
Johnson will serve as chairman of Burrell and Tara DeVeaux will be CEO. The post FVLCRUM-led consortium acquires ad agency Burrell appeared first on PE Hub.
Thu.Oct 26, 2023
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What Returns Should You Expect in the Stock Market?
A Wealth of Common Sense
OCTOBER 26, 2023
Further Reading: Do Valuations Even Matter For the Stock Market? 1I would argue real estate would be a close second on this list from an inflation hedge perspective but the long run returns are much harder to calculate when you include things like ancillary costs, mortgage rates, refinancing, leverage, etc. 2And this is real since stocks are a real asset.
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Trending Sources
PE-backed Hub International buys D’Onofrio Insurance assets
PE Hub
OCTOBER 26, 2023
D’Onofrio Insurance is an agency providing commercial and personal insurance to clients in the region. The post PE-backed Hub International buys D’Onofrio Insurance assets appeared first on PE Hub.
Endeavor: investors should beware Silver Lake’s talented negotiators
Financial Times M&A
OCTOBER 26, 2023
Shareholders should gird themselves for a fight with the sharp-elbowed private equity group and Ari Emanuel
Software developer Roko Labs grabs investment from WestView
PE Hub
OCTOBER 26, 2023
Roko Labs was founded in 2013 by Dmitry Rakovitsky, Sergei Selin, and Amy Kadomatsu. The post Software developer Roko Labs grabs investment from WestView appeared first on PE Hub.
Silver Lake Eyes $7.79bn Deal to Take Endeavor Private
Private Equity Insights
OCTOBER 26, 2023
Private equity firm Silver Lake has confirmed it is working on a proposal that would take sports media and talent agency Endeavor private. Silver Lake is Endeavor’s single biggest shareholder, commanding 71 per cent of all voting power and has two executives on the board of directors. It has no interest in selling its shares to a third party nor any intention of entertaining any bids for Endeavor, which is currently conducting a formal review into its ‘strategic alternatives’.
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Partners Group in Talks for $640m Hamilton Island Acquisition
Private Equity Insights
OCTOBER 26, 2023
Private equity firm Partners Group Holding AG has shown initial interest in Hamilton Island as the family owners of the holiday destination in Australia conduct a strategic review for the asset, according to people familiar with the matter. The buyout firm is studying the resort island for a potential bid, said the people, who asked not to be identified as the information is private.
Blackstone embraces GenAI in dealmaking; HarbourView picks up Christine McVie’s Fleetwood Mac rights
PE Hub
OCTOBER 26, 2023
Blackstone bets on generative AI. The post Blackstone embraces GenAI in dealmaking; HarbourView picks up Christine McVie’s Fleetwood Mac rights appeared first on PE Hub.
Six Pillars Raises the Roof with New Platform
Private Equity Professional
OCTOBER 26, 2023
Six Pillars Partners has acquired Royalty Roofing and its sister company, Majestic Facility Experts. Royalty Roofing provides commercial and residential re-roofing, maintenance, inspection and repair services to national, multi-unit after-market auto retailers, quick-service restaurants and franchisees, cold storage warehouse owners and operators, and food distributors.
TowerBrook to invest in Langan Engineering & Environmental Services
PE Hub
OCTOBER 26, 2023
According to terms of the deal, Langan’s management and employee shareholders will maintain majority ownership and control of the company. The post TowerBrook to invest in Langan Engineering & Environmental Services appeared first on PE Hub.
Align Moves into Legal Services Sector with Buy of Counsel Press
Private Equity Professional
OCTOBER 26, 2023
Align Capital Partners (ACP) has acquired Counsel Press, a provider of outsourced legal services, from Gladstone Investment Corporation. Counsel Press provides state and federal appellate filing support services to attorneys and clients for preparing, filing and serving appeals. The company’s services include court rules and document preparation, litigation workflow, and legal research and writing.
GCM Grosvenor invests in PE firm Excolere Equity Partners
PE Hub
OCTOBER 26, 2023
Managing Partner Tony Miller launched Excolere in 2022 with Pete Davis and Marcelus DeCoulode. The post GCM Grosvenor invests in PE firm Excolere Equity Partners appeared first on PE Hub.
Cranium Raises $25M in Series A Funding
FinSMEs
OCTOBER 26, 2023
Cranium, a Short Hills, NJ-based AI security company, raised $25M in Series A funding. The round, which brought the total amount to $32M, was led by Telstra Ventures with participation from KPMG LLP and SYN Ventures. The company intends to use the funds for innovation, research and development (R&D), and business expansion. Led by CEO Jonathan […] The post Cranium Raises $25M in Series A Funding appeared first on FinSMEs.
Hull Street Energy to acquire California gas-fired power plant EF Oxnard
PE Hub
OCTOBER 26, 2023
The seller is Atlantic Power & Utilities. The post Hull Street Energy to acquire California gas-fired power plant EF Oxnard appeared first on PE Hub.
Nocturne Raises $6M in Seed Funding
FinSMEs
OCTOBER 26, 2023
Nocturne, a NYC-based protocol enabling on-chain private accounts, raised $6m in seed funding. The round was co-led by Bain Capital Crypto and Polychain Capital with participation from Vitalik Buterin and other members of the Ethereum community, as well as Bankless Ventures, HackVC and Robot Ventures. This seed round will accelerate the production and deployment of Nocturne’s […] The post Nocturne Raises $6M in Seed Funding appeared first on FinSMEs.
Kian Capital seeks add-ons for HVAC equipment distributor Team Air
PE Hub
OCTOBER 26, 2023
'It's fair to assume that we will announce an add-on acquisition within the first six months of 2024,' Kian's Jordan Lee tells PE Hub. The post Kian Capital seeks add-ons for HVAC equipment distributor Team Air appeared first on PE Hub.
Chipmaker Western Digital walks away from Kioxia merger talks
Financial Times M&A
OCTOBER 26, 2023
Opposition from rival SK Hynix puts brakes on Bain Capital’s ambitions to create US-Japan chip giant
Blackstone CTO John Stecher: ‘Generative AI can enhance private equity dealmaking’
PE Hub
OCTOBER 26, 2023
Blackstone is building an in-house tool that ‘has the potential to intelligently augment our investment process using generative AI.' The post Blackstone CTO John Stecher: ‘Generative AI can enhance private equity dealmaking’ appeared first on PE Hub.
ICYMI: CBC Chair Steven Horsford (D-NV) and AIC President Drew Maloney Highlight Private Equity’s Critical Investments in Small Business
American Investment Council
OCTOBER 26, 2023
WASHINGTON, D.C. – Punchbowl News recently hosted an event sponsored by the American Investment Council examining how private equity supports local economies by investing in small businesses. In 2022, 85 percent of all private equity investments went to support small businesses with fewer than 500 employees. The event featured a conversation with Punchbowl News Founder Anna Palmer and U.S.
Audax intends to countersue HIG Capital over Mobileum deal
PE Hub
OCTOBER 26, 2023
HIG filed a lawsuit earlier in the week, accusing Audax of misrepresenting the financial condition of Mobileum, in which the two mid-market firms co-invest. The post Audax intends to countersue HIG Capital over Mobileum deal appeared first on PE Hub.
Gemspring’s Chemicals Distribution Platform Getting Bigger
Private Equity Professional
OCTOBER 26, 2023
Shrieve Chemical Company, a portfolio company of Gemspring Capital, has acquired industrial chemicals distributor Gilbert & Jones. Gilbert & Jones is a distributor of specialty and industrial chemicals to more than 750 companies that operate in the aerospace, water treatment, fasteners, automotive, and electronics markets. The company’s capabilities include international procurement, multi-sourcing, regulatory compliance, less-than-truckload,… This content is for members only.
Sun Capital snaps up manufacturer Kovalus
PE Hub
OCTOBER 26, 2023
Manny Singh, CEO of Kovalus, will continue to lead the management team. The post Sun Capital snaps up manufacturer Kovalus appeared first on PE Hub.
MPE Buys Mid-States Bolt & Screw
Private Equity Professional
OCTOBER 26, 2023
MPE Partners has acquired Mid-States Bolt & Screw, a distributor of fasteners and MRO products. Mid-States products include a range of fasteners (hex caps, bolts, screws, and sockets); safety equipment; abrasives and cutting tools; welding equipment; chemicals and paints; material handling equipment; and electrical, lighting, plumbing, and janitorial equipment and supplies.
GenNx360 Capital taps Ffolkes as managing partner
PE Hub
OCTOBER 26, 2023
In this role, Ffolkes will be involved in all aspects of the investment process including sourcing, due diligence and execution of post-closing growth and operating initiatives. The post GenNx360 Capital taps Ffolkes as managing partner appeared first on PE Hub.
PizzaExpress owner considers offer for UK rival TRG
Financial Times M&A
OCTOBER 26, 2023
Private equity group Apollo agreed a deal to take the casual-dining operator private earlier this month
Private equity firm Blackstone sets sights on new fund
AltAssets
OCTOBER 26, 2023
Private equity giant Blackstone has pulled in $4bn for its sophomore growth fund, Blackstone Growth II. In a new filing with the US Securities and Exchange Commission, the New York-based organisation indicates there have been 74 investors backing the fund, so far. The document does not indicate what the target size of the vehicle is, however, […] The post Private equity firm Blackstone sets sights on new fund first appeared on AltAssets Private Equity News.
SBF tries to talk his way out of trouble
Financial Times M&A
OCTOBER 26, 2023
Plus, Morgan Stanley’s new boss and the power struggle unfolding at Mediobanca
Private equity firms more confident in market after market fears subside
AltAssets
OCTOBER 26, 2023
Private equity firms are taking a more proactive and value-minded stance as deal flow starts to rise again, according to a new report from BluWave. The report highlights a record 49% of private equity projects are focused on human capital, a 36% rise on the previous year. In the latest edition of BluWave PE Industry […] The post Private equity firms more confident in market after market fears subside first appeared on AltAssets Private Equity News.
PopUp Bagels Raises $8M in Series A Funding
FinSMEs
OCTOBER 26, 2023
PopUp Bagels, a NYC-based viral bagel startup, closed an $8m capital raise. The round was led by Stripes, a NYC-based growth equity firm which has funded such iconic brands as Levain Bakery and Erewhon Organic Grocer. Investors in the previous round including Darren Rovell’s Tastemaker Capital and Habitat Partners, the investment arm of Red Antler, […] The post PopUp Bagels Raises $8M in Series A Funding appeared first on FinSMEs.
Mid-market private equity firm ECI names new investment associate
AltAssets
OCTOBER 26, 2023
ECI Partners, a mid-market private equity firm, has hired former Houlihan Lokey technology specialist Louis Jans as an investment associate. In the role, Jans will be involved in originating and working on new investments, as well as supporting management teams in the ECI portfolio. Jans has joined ECI from global investment bank Houlihan Lokey where […] The post Mid-market private equity firm ECI names new investment associate first appeared on AltAssets Private Equity News.
Triveni Bio Raises $92M in Series A
FinSMEs
OCTOBER 26, 2023
Triveni Bio, a Waltham, MA-based biotech company providing a genetics-informed precision medicine approach for I&I disorders, raised $92M in Series A funding. The round was led by Atlas Venture and Cormorant Asset Management, with participation from OrbiMed, the private equity business of Viking Global Investors, Invus, Polaris Partners, Alexandria Venture Investments, and other investors.
Thoma Bravo launches fundraise for first European investment fund
AltAssets
OCTOBER 26, 2023
Private equity investment veterans Thoma Bravo has re-entered the fundraising market with their latest fund, Thoma Bravo Europe Fund. The Chicago-based firm has been a prominent player in the private equity realm for over 40 years, providing capital and strategic support to experienced management teams, and is now opening up a now issuer. While Thoma […] The post Thoma Bravo launches fundraise for first European investment fund first appeared on AltAssets Private Equity News.
Upfort Raises $8M in Series A Funding
FinSMEs
OCTOBER 26, 2023
Upfort, a San Francisco, CA-based provider of a cyber security and insurance platform, raised $8M in Series A funding. The round was led by SYN Ventures, with participation from Eniac Ventures, Fika Ventures, Altai Ventures, Chaos Ventures, Aquila Capital Partners, Gaingels and Cyber Mentor Fund. The company intends to use the funds to expand operations […] The post Upfort Raises $8M in Series A Funding appeared first on FinSMEs.
Navigating Financial Disasters
The Big Picture
OCTOBER 26, 2023
Earlier this year, I gave my first presentation since the pandemic began. I discussed all of the many ways we hurt ourselves financially, specifically, the focus was on the 3 biggest mistakes high net-worth people make. I got lots of good feedback about the presentation, but my favorite note from someone in the room was: “ Thanks for identifying these issues, but how do I navigate them ?
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