The Motley Fool

JULY 12, 2024

The Social Security program undergoes several important changes each year to keep benefits aligned with prices and wages, but the cost-of-living adjustment (COLA) is the most anticipated. COLAs are supposed to reimburse Social Security recipients for the buying power that benefits lost in the prior year. However, whether COLAs are truly serving that purpose is questionable.

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Education 246

Private Equity Insights

JULY 12, 2024

An investor group backed by Clayton Dubilier & Rice and Permira has made a non-binding offer to take French cybersecurity company Exclusive Networks SA private at a value of about €2.2 billion ($2.4 billion). Investors would get €24 a share under the terms of the deal being discussed, Exclusive Networks said in a statement Tuesday, confirming an earlier Bloomberg News report.

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The Motley Fool

JULY 12, 2024

When it comes to Wall Street investing greats, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett is on a pedestal of his own. Since taking the reins at Berkshire in 1965, he's overseen a cumulative return in his company's Class A shares (BRK.A) of 5,028,429%, as of the closing bell on July 10. On an annualized basis, the "Oracle of Omaha" has practically doubled up the total return, including dividends paid, of the benchmark S&P 500 since the mid-1960s.

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Private Equity Insights

JULY 12, 2024

MetLife Investment Management, the institutional asset management business of MetLife, has formed a new $1.2bn private equity fund of funds, significantly boosting the amount of private capital the insurer manages for outside investors. The new fund, MetLife Investment Private Equity Partners II, purchased a portfolio of approximately $860m of private equity and equity co-investment interests with funded and unfunded commitments totalling $975m from MetLife affiliates as part of a managed second

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Funds Buyout Asset Management Assets 162

The Motley Fool

JULY 12, 2024

Costco Wholesale (NASDAQ: COST) is finally scratching a seven-year itch. The leading warehouse club operator announced this week that it is boosting its annual membership prices by 8% in September. Its most popular entry-level Gold Star plan will increase from $60 to $65 a year, essentially jumping by the price of its signature $4.99 rotisserie chicken.

Shareholders 246

Shareholders Returns Accounting Investors 246

Private Equity Insights

JULY 12, 2024

Private equity firm Carlyle Group is in exclusive discussions to purchase Baxter International’s kidney care spinoff, Vantive, in a deal valued at around $4bn including debt, according to reports by Reuters and the Wall Street Journal. The report cites an unnamed source in revealing that the parties entered exclusive negotiations in late June, and an announcement over a deal could be made in the coming weeks.

Private Equity Firms 147

Private Equity Firms Private Equity Firms Buyout Stakes 147

Private Equity Insights

JULY 12, 2024

Astorg has closed the Normec Continuation Fund, capitalised with €1.4bn by lead investors CVC Secondary Partners, Pantheon, Lexington Partners and Eurazeo, alongside sovereign wealth funds, pension funds, asset managers and family offices. The fund was established to acquire Normec, a European provider of testing, inspection, and certification services, held in Astorg VII.

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The Motley Fool

JULY 12, 2024

After a strong start to 2024, the crypto market suddenly fell by nearly 20% last month. While it is still well within bull market territory, the recent correction can present a compelling opportunity for investors looking to bolster their exposure. However, not every crypto is cut from the same cloth. Just because there is a widespread correction doesn't mean just any cryptocurrency is worth your hard-earned money.

Securities and Exchange Commission (SEC) 246

Securities and Exchange Commission (SEC) Assets Returns Stock Market 246

Private Equity Insights

JULY 12, 2024

Two major private equity firms, KKR and CVC, have submitted bids exceeding €3bn for B&B Hotels, a French budget hotel chain that was founded in Brest, Brittany in 1990, and has since expanded to 17 European countries, according to a report by the Times. The report cites unnamed sources as revealing that Goldman Sachs, which had hoped to fetch €3.5bn for the hotel chain, has received offers ranging between €3.2bn and €3.3bn, a significant increase on the €1.9bn it paid to acquire the company

Bidding 130

Bidding Private Equity Firms Private Equity Firms Buyout 130

The Motley Fool

JULY 12, 2024

It's been a monster week for QuantumScape (NYSE: QS). The stock, which was down 22% this year until July 10, is now up 15% year to date as of this writing thanks to a massive development that sent it skyrocketing on Thursday. Shares of the electric vehicle (EV) battery start-up were trading 57% higher for the week through 11 a.m. ET Friday. QuantumScape's deal with Volkswagen is a huge milestone QuantumScape is building solid-state lithium-metal batteries for EVs and is yet to start commercial p

Returns 246

Returns Investors Portfolios Companies 246

Private Equity Insights

JULY 12, 2024

Software focussed private equity firm Vista Equity Partners has lead d strategic majority growth investment in Nasuni, an enterprise data platform for modern hybrid cloud environments, which values the business at approximately $1.2bn. TCV and KKR also participated in the new investment, although further financial terms of the deal have not been disclosed.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Legal Buyout 130

The Motley Fool

JULY 12, 2024

Archer Aviation (NYSE: ACHR) has a deal with Southwest Airlines (NYSE: LUV) to develop air taxi networks in California. It is a big sign of confidence in the "flying car" start-up and investors are excited about the development, sending Archer shares up 11% as of 11:30 a.m. ET. Take an air taxi to the airport! Archer is one of several companies working to develop electric vertical takeoff and landing (eVTOL) aircraft for commercial use. eVTOLs take off and land like helicopters, meaning they can

Returns 246

Returns Portfolios Investors Companies 246

Private Equity Insights

JULY 12, 2024

Global alternative asset manager Tikehau Capital’s private equity decarbonisation strategy is to make a majority investment in CEBAT, an Italian utility infrastructure service provider and portfolio company of funds managed by Oaktree Capital Management. Headquartered in Rome, CEBAT specialises in the installation of utility networks and maintenance services across electricity, water and telecommunication grids.

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Buyout Asset Management Assets Capital 130

The Motley Fool

JULY 12, 2024

The artificial intelligence (AI) industry is still very young, but investors have already observed its incredible potential to create value. Nvidia , for example, added $2.8 trillion to its market capitalization since the start of 2023 alone. However, AI is evolving quickly, and picking the winners and losers over the long term won't be easy. Buying an exchange-traded fund (ETF) can be a great solution to that challenge for most investors.

Exchange-Traded Funds 246

Exchange-Traded Funds Portfolios Returns Capital 246

Private Equity Insights

JULY 12, 2024

European mid-market private equity firm Inflexion is to sell its investment in Lintbells, a specialist in pet supplements which are sold under the YuMOVE brand name, to to Vetnique Labs, a portfolio company of Gryphon Investors. The sale marks a highly successful exit for Inflexion Enterprise Fund IV, generating a 5.5x return. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Hertfordshire, UK-based Lintbells was founded almost two decades

Private Equity Firms 130

Private Equity Firms Private Equity Firms Buyout Assets 130

The Motley Fool

JULY 12, 2024

The markets have been roaring as of late. Both the Nasdaq Composite and S&P 500 indexes are trading near all-time highs as investor optimism continues to soar. One stock that has enjoyed some new life is Tesla (NASDAQ: TSLA). From Jan. 1 to June 30, Tesla stock posted a decline of 20%. However, from July 1 through July 10, shares of Tesla soared by 25%.

Investors 246

Investors Shareholders Returns Companies 246

Private Equity Insights

JULY 12, 2024

AE Industrial Partners, a private equity firm specialising in national security, aerospace and industrial services, has held the final close of its third flagship private equity fund, AE Industrial Partners Fund III, at $1.28bn. Fund III will make control investments across the aerospace and defence supply chains and support industry suppliers in scaling up production.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Funds Financial Institutions 130

The Motley Fool

JULY 12, 2024

SoundHound AI (NASDAQ: SOUN) stock surged higher in this week's trading. The company's share price closed out this week up 48% from last Friday's market close, according to data from S&P Global Market Intelligence. Automaker Stellantis expanded its integration of SoundHound's voice-based artificial intelligence ( AI ) technologies in Europe this week.

Conglomerates 246

Conglomerates Returns Investors Portfolios 246

Private Equity Insights

JULY 12, 2024

Devon Energy said on Monday it had entered into a deal to acquire certain assets of Bakken-focused energy producer Grayson Mill Energy, which is owned by private equity firm EnCap, in a cash-and-stock deal worth $5 billion. The deal value includes $3.25 billion in cash and $1.75 billion in stock, and will enhance Devon’s “multi-basin business”, the company’s executives said on a conference call.

Assets 130

Assets Private Equity Firms Private Equity Firms Buyout 130

The Motley Fool

JULY 12, 2024

At today's stock market close, Broadcom (NASDAQ: AVGO) will make a move to slash its high-flying share price. The technology giant will complete a 10-for-1 stock split, lowering the price of its stock from more than $1,700 to about $170. The stock will start trading at the new price as of the market open on Monday. Broadcom shares have soared nearly 100% in the past year as demand from artificial intelligence (AI) customers picked up -- in the recent quarter alone AI revenue surged 280% to $3.1

Shareholders 246

Shareholders Stock Market Stock Market Portfolios 246

Private Equity Insights

JULY 12, 2024

Dubai-based Gulf Islamic Investments LLC has raised $100 million from investors including Saudi Arabia’s Al Nahdi Family Office to expand its private equity business across the Middle East and India. The founders of Saudi Arabia’s largest pharmacy retail chain — Nahdi Medical Co. — will join other investors injecting growth capital, a spokesperson for GII said, without disclosing further details.

Initial Public Offering 130

Initial Public Offering Education Buyout Investing 130

The Motley Fool

JULY 12, 2024

Canopy Growth (NASDAQ: CGC) has gone through a lot of change over the past five years. But arguably one of the biggest moves it made was at the leadership position. In July 2019, the company let go of Bruce Linton, who at the time was an icon in the Canadian cannabis industry and co-CEO with Mark Zekulin. Current CEO David Klein ultimately ended up taking over, with the aim of improving the company's operations.

Mergers and Acquisitions 246

Mergers and Acquisitions Legal Shareholders Returns 246

Private Equity Insights

JULY 12, 2024

Private-equity firm Bain Capital will buy Envestnet, in a $4.5bn deal, adding to its portfolio a financial software vendor that counts 16 of the 20 biggest U.S. banks among its customers. A cohort of investors, including Reverence Capital, BlackRock (BLK.N), opens new tab, Fidelity Investments, Franklin Templeton (BEN.N),and State Street Global Advisors (STT.N), is backing the transaction, Envestnet said on Thursday.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Capital Buyout 130

The Motley Fool

JULY 12, 2024

Fool.com contributor Parkev Tatevosian discusses what the news could mean for SoundHound AI (NASDAQ: SOUN) stock investors. *Stock prices used were the afternoon prices of July 9, 2024. The video was published on July 11, 2024. Should you invest $1,000 in SoundHound AI right now? Before you buy stock in SoundHound AI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoundHound AI wasn’t one of them.

Investors 246

Investors Returns Portfolios Investing 246

Private Equity Insights

JULY 12, 2024

Axel Springer Chief Executive Mathias Doepfner and private equity group KKR KKR.N are in talks to break up the media conglomerate, the Financial Times reported on Thursday, citing people with knowledge of the matter. A potential deal would separate the group’s media assets from its digital classifieds operation, the report said. Under the terms being discussed, KKR and Canada Pension Plan Investment Board, who together have the largest shareholding in Axel Springer, would take control of its por

Private Equity Firms 130

Private Equity Firms Private Equity Firms Buyout Conglomerates 130

The Motley Fool

JULY 12, 2024

The combined market capitalization of all cryptocurrencies peaked at $2.9 trillion in 2021 before plummeting by 72% in 2022 to just $826 billion, on the back of several high-profile failures across the industry. Sentiment has since improved as regulators clamped down on bad actors, and also thanks to the approval of exchange-traded funds (ETFs) for Bitcoin (CRYPTO: BTC) , which added some legitimacy to the crypto industry.

Exchange-Traded Funds 246

Exchange-Traded Funds Capital Returns Investors 246

Private Equity Insights

JULY 12, 2024

European utility Engie has joined forces with Canada’s second-largest pension fund to try to buy British power network Electricity North West (ENWL), according to two sources with knowledge of the matter. The consortium formed by Engie and Caisse de dépôt et placement du Québec (CDPQ) is set to compete with Spanish utility Iberdrola which is also preparing a binding offer ahead of the deadline set by ENWL shareholders in two weeks, the people said.

Bidding 130

Bidding Private Equity Firms Private Equity Firms Buyout 130

The Motley Fool

JULY 12, 2024

In this video, I will cover the recent updates regarding Intel (NASDAQ: INTC). *Stock prices used were from the trading day of July 11, 2024. The video was published on July 12, 2024. Should you invest $1,000 in Intel right now? Before you buy stock in Intel, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Intel wasn’t one of them.

Returns 244

Returns Portfolios Investors Investing 244

Private Equity Insights

JULY 12, 2024

Private equity firm KKR plans to cut its stake in Kokusai Electric, two people familiar with the matter said, cashing in after a blistering run for shares in the Japanese chip equipment maker. KKR, which holds around 43% of Kokusai’s shares, plans to sell about half of its stake to investors, one of the people said. Kokusai will buy back shares in the market, the person said.

Stakes 130

Stakes Private Equity Firms Private Equity Firms Initial Public Offering 130

The Motley Fool

JULY 12, 2024

If artificial intelligence (AI) is the new gold rush, Nvidia (NASDAQ: NVDA) is the preeminent supplier of picks and shovels. The strong demand for Nvidia's graphics processing units (GPUs) is mind-boggling. But Nvidia isn't just helping major corporations build and deploy AI models. It has also invested in several potential rising stars of the AI world.

Stakes 244

Stakes Returns Investors Companies 244

Private Equity Insights

JULY 12, 2024

Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion. The sale comes after a review of strategic alternatives by the company. Héroux-Devtek shares closed at $25.32 on the Toronto Stock Exchange on Wednesday. The sale comes after a review of strategic alternatives by the company.

Buyout 130

Buyout Private Equity Firms Private Equity Firms Funds 130

The Motley Fool

JULY 12, 2024

Billionaire investor Bill Ackman is planning to create a new publicly traded investment fund and is kicking off a pre-IPO roadshow to build investor interest. The new fund will be called Pershing Square USA and will list on the New York Stock Exchange under the ticker symbol PSUS. According to regulatory filings, we know that the IPO price of the fund will be $50 per share.

Hedge Funds 242

Hedge Funds Fee Structure Accredited Investors New York Stock Exchange 242

A Wealth of Common Sense

JULY 12, 2024

Charley Ellis wrote a great book about the index fund revolution back in 2016. One of my favorite parts of the book is where Ellis looks at how Wall Street has changed in the past 50 years: MBAs were uncommon. PhDs were never seen. Commissions still averaged 40 cents a share. All trading was paper based. Messengers with huge black boxes on wheels, filled with stock and bond certificates, scurried from broker to broker tr.

Stock Market 115

Stock Market Stock Market Funds 115

The Motley Fool

JULY 12, 2024

Apple 's (NASDAQ: AAPL) stock recently received a pair of price target hikes. An analyst at Piper Sandler raised its target to $225 per share from $190, while an analyst at Needham took a more aggressive view and raised the target to $260. Price target hikes and Apple's growth prospects The Needham analyst likes Apple's $110 billion stock buyback plan and believes it supports the share price.

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Prospects Returns Portfolios Investors 242