PE Hub

NOVEMBER 2, 2023

Century Box was founded in 1978 by Alvin and Johanna Kagan. The post CORE Industrial Partners invests in packaging firm Century Box appeared first on PE Hub.

Investing 229

Investing 229

A Wealth of Common Sense

NOVEMBER 2, 2023

A reader asks: I appreciate Ben’s long-term view of stock market corrections but what if this time is different? What are the stats when the Fed is actively offloading trillions of assets AND raising rates? What if this cycle is an anomaly and should be treated as such? This question was written in response to a recent post where I used the following table to show the historical distribution of losses over the past.

Stock Market 144

Stock Market Stock Market Assets 144

PE Hub

NOVEMBER 2, 2023

David Causby will continue to serve as Gentiva's president and CEO, and the combined company will remain headquartered in Atlanta. The post CD&R-backed Gentiva acquires ProMedica’s home health, palliative, and hospice business appeared first on PE Hub.

Companies 215

Companies 215

Private Equity Insights

NOVEMBER 2, 2023

Charlesbank Capital Partners is aiming to raise $1.25bn for its third opportunistic credit fund, looking to invest in new corporate loans as well as to purchase them from other private credit shops to take advantage of market dislocations. The fundraising, which so far has closed on a commitment of $1.2bn, is looking to wrap up early next year, according to people who asked not to be identified because the information is private.

Funds 130

Funds Private Equity Firms Private Equity Firms Collateral 130

PE Hub

NOVEMBER 2, 2023

MedImpact Healthcare has a $575m stalking horse bid to acquire Rite Aid's Elixir pharmacy benefit manager business. The post Bankrupt Rite Aid’s Elixir business ripe for mid-market PE buyout appeared first on PE Hub.

Buyout 204

Buyout Bidding 204

Private Equity Insights

NOVEMBER 2, 2023

Kobalt announced a new partnership with investment funds managed by Morgan Stanley Tactical Value to invest more than $700m to acquire music copyrights over the next few years. As part of the venture, Kobalt will manage the creative, synch, licensing, administration, and investment services for the copyrights. “Kobalt is a pioneer in investing in music, increasing the value of copyrights, and creating music as a viable asset class,” said Laurent Hubert , Chief Executive Officer, Kobalt.

Investing 130

Investing Asset Management Debt Assets 130

Private Equity Insights

NOVEMBER 2, 2023

EQT AB has resumed seeking to acquire Global Switch Holdings Ltd. in a deal that could value the data center company at around $6.5bn, people familiar with the matter said, months after earlier talks stalled over disagreements on valuation. The private equity firm is in discussions with Global Switch’s Chinese owners about a potential deal, said the people, who asked not to be identified as the information is private.

Due Diligence 130

Due Diligence Initial Public Offering Bidding Private Equity Firms 130

PE Hub

NOVEMBER 2, 2023

CORE Industrial Partners backs packaging firm Century Box. The post Rite Aid PBM biz may attract PE bidders; CORE Industrial wraps up packaging deal as sector recovers appeared first on PE Hub.

191

191

Private Equity Insights

NOVEMBER 2, 2023

TPG Inc. , a leading global alternative asset management firm, today announced the successful completion of its previously announced acquisition of Angelo Gordon for $2.7bn. The transaction follows the completion of customary closing conditions, including HSR, international regulatory approvals, and other client and third-party consents. With the completion of the transaction, TPG’s investing platforms span a broadly diversified set of strategies, including private equity, impact, credit, real e

Asset Management 130

Asset Management Debt Assets Shareholders 130

PE Hub

NOVEMBER 2, 2023

Warburg Pincus, Centerbridge, KKR and Charlesbank are among the PE heavyweights betting on financial services. The post Money, money, money: 6 PE-backed financial services deals appeared first on PE Hub.

Financial Services 190

Financial Services 190

Private Equity Insights

NOVEMBER 2, 2023

Brookfield Asset Management closed its Brookfield Infrastructure Debt Fund III at over $6bn, which the firm said is the world’s largest private infrastructure debt fund. Capital commitments include more than $400m in discretionary co-investment capital, Brookfield said in a Nov. 2 news release. The firm also committed $600m to the fund, which it said underscores its alignment of interests with other investors.

Debt 130

Debt Funds Asset Management Assets 130

PE Hub

NOVEMBER 2, 2023

The deal is expected to close in December 2023. The post Tailwater and Ares to sell midstream company Cureton to Williams Field Services Group appeared first on PE Hub.

Companies 179

Companies 179

The Motley Fool

NOVEMBER 2, 2023

Image source: The Motley Fool. SiTime (NASDAQ: SITM) Q3 2023 Earnings Call Nov 01, 2023 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, and welcome to SiTime's third-quarter 2023 financial results conference call. [Operator instructions] As a reminder, this conference call is being recorded today, Wednesday, November 1st, 2023.

Companies 130

Companies Finance Financing Amortization 130

PE Hub

NOVEMBER 2, 2023

Moving forward, Angelo Gordon will operate as TPG Angelo Gordon, a $74 billion credit and real estate investing platform within TPG. The post TPG completes Angelo Gordon buyout appeared first on PE Hub.

Buyout 176

Buyout Investing 176

Financial Times M&A

NOVEMBER 2, 2023

Potential stake for Czech billionaire is making politicians nervous

Stakes 128

Stakes 128

PE Hub

NOVEMBER 2, 2023

Heartland Generation is a power generation company with operations in Alberta and British Columbia. The post TransAlta to buy Heartland Generation from ECP in C$658m deal appeared first on PE Hub.

Companies 175

Companies 175

FinSMEs

NOVEMBER 2, 2023

Treads, a Park City, UT-based AI-powered car maintenance subscription platform, raised $4.6m in seed funding. The round was led by Mucker Capital with participation from investors including Kickstart Seed Fund, Peak Ventures, Royal Street Ventures, and Convoi Ventures. The company intends to use the funds to support its expansion into 16 additional cities in the U.S., making […] The post Treads Raises $4.6M in Funding appeared first on FinSMEs.

Funds 115

Funds Capital Investors Companies 115

PE Hub

NOVEMBER 2, 2023

Cyxtera is a Coral Gables, Florida-based data center colocation, interconnection services and digital infrastructure company. The post Brookfield to acquire assets of data center company Cyxtera appeared first on PE Hub.

Assets 174

Assets Companies 174

The Big Picture

NOVEMBER 2, 2023

Before yesterday’s FOMC meeting, I reiterated my view from July 2023 that this hiking cycle was – or at least should be – over. The Narrative bias driving commentary today is that this sudden bullishness is the market sussing out the last hike. But this after-the-fact story does not resonate as truth with me, as it looks more like the 10% market correction of October 2023 has ended.

Taxes 115

Taxes Portfolios Returns Funds 115

PE Hub

NOVEMBER 2, 2023

The deal marks CDPQ's second power transmission investment in Latin America in the past 18 months. The post CDPQ to acquire Brazilian power transmission network Intesa appeared first on PE Hub.

Investing 167

Investing 167

FinSMEs

NOVEMBER 2, 2023

Real Estate Business Analytics, a Littleton, CO-based data analytics company, received a multi-million dollar growth funding from Decathlon Capital Partners. The amount of the revenue-based deal was not disclosed. The company intends to use the funds to drive new product development and expand customer support and operational growth. Led by CEO Donald Davidoff, and Chief […] The post Real Estate Business Analytics Receives Multi-Million Dollar Growth Funding appeared first on FinSMEs.

Funds 114

Funds Capital Companies 114

PE Hub

NOVEMBER 2, 2023

CRC’s co-founders Dr. Omar Osman and Rehan Azhar will remain owners of the business and continue to lead the company. The post Comprehensive Rehab Consultants secures investment from York Private Equity appeared first on PE Hub.

Consulting 162

Consulting Consultants Investing Companies 162

FinSMEs

NOVEMBER 2, 2023

ProJenX, Inc., a NYC-based clinical-stage biotechnology company, announced the initial closing of a $15m Series A financing. The round was led by Medical Excellence Capital, which also led the company’s seed financing round and created ProJenX in collaboration with Project ALS and researchers at Columbia University. In addition, ProJenX announced the appointment of Rick Hartz to its board of directors. […] The post ProJenX Holds Initial Closing of $15M Series A Financing appeared fir

Finance 111

Finance Financing Capital Companies 111

PE Hub

NOVEMBER 2, 2023

Singh Advisory was founded by Parshad K. Singh in 2018. The post PE-backed Mercer Advisors snaps up wealth management firm Singh Advisory appeared first on PE Hub.

160

160

FinSMEs

NOVEMBER 2, 2023

Stellaromics, a Boston, MA-based provider of in situ spatial multi-omics technology, raised $25m in Series A financing round. Backers included Plaisance Capital Management and a private family office based in Silicon Valley. The company intends to use the funds to consolidate the business and establish a new headquarters to house its growing team of innovators.

Funds 111

Funds Finance Financing Capital 111

PE Hub

NOVEMBER 2, 2023

New York City-based MediaRadar is an advertising intelligence and sales enablement platform. The post PE-backed MediaRadar scoops up Kantar’s North American ad intelligence unit Vivvix appeared first on PE Hub.

113

113

FinSMEs

NOVEMBER 2, 2023

Matic, a Mountain View, CA-based technology company providing AI-driven indoor robots, raised $29.6M in funding. The amount of $29.6M in funding included: The company intends to use the funds to expand operations and its development efforts to support the general availability of its product in early 2024. Matic is advancing an AI-driven indoor robot that […] The post Matic Raises $29.6M in Funding appeared first on FinSMEs.

Funds 111

Funds Companies 111

AltAssets

NOVEMBER 2, 2023

Biotech investor Bioluminescence Ventures has launched out of stealth with $477m of assets under management across a pair of funds. The post Ex-Andreessen Horowitz, Microsoft Ventures senior exec brings Bioluminescence Ventures out of stealth with $477m first appeared on AltAssets Private Equity News.

Assets 98

Assets Funds Investors Buyout 98

Financial Times M&A

NOVEMBER 2, 2023

A well-matched duo announces an all-stock merger

96

96

AltAssets

NOVEMBER 2, 2023

Veteran PE investor KPS Capital Partners has $9.7bn of new firepower after sealing a double fund close for its latest flagship and mid-cap special situations funds. The post KPS Capital just raised $9.7bn across a pair of new funds first appeared on AltAssets Private Equity News.

Capital 98

Capital Funds Investors Buyout 98

Financial Times M&A

NOVEMBER 2, 2023

Onepoint, which has built a 10% stake in the French IT group, says price agreed with Czech billionaire is too low

Assets 89

Assets Stakes Investors 89

AltAssets

NOVEMBER 2, 2023

Deep tech pre-seed specialist Bee Partners has beaten its target for its fourth fund, which has already been tapped to back a trio of generative AI startups. The post Powerful track record helps deeptech pre-seed investors Bee Partners to biggest fundraise yet first appeared on AltAssets Private Equity News.

Startups 98

Startups Investors Funds Buyout 98

Million Dollar Round Table (MDRT)

NOVEMBER 2, 2023

By Aaron Kane, B Bus, AFA We’ve built a cool and better process now around short surveys for clients. Once they do them, I reach out and say, “Hey, do you mind doing us a favor? We don’t advertise, but the way to do it is word-of-mouth, and Google’s the best way. So, can you give us a Google review?” I’ve been pushing that probably the last 12 months, and we’ve gone from having 10 reviews to 75.

87

87

AltAssets

NOVEMBER 2, 2023

Chicago-based buyout house CIVC Partners has surpassed its $700m target to close its seventh fund. The post CIVC secures above-target $870m to close Fund VII in four month race first appeared on AltAssets Private Equity News.

Buyout 98

Buyout Funds Investing 98