The Motley Fool
NOVEMBER 29, 2023
Image source: Getty Images Everyone who's not a starfish living under a rock is likely aware of recent mortgage rate hikes. The median monthly payment on a new mortgage has doubled from $1,500 to $3,000 since January 2021, according to data from The Kobeissi Letter. In other words, home buyers who snagged homes during those days of low rates got good deals.
PE Hub
NOVEMBER 29, 2023
T2S provides R&D, prototyping, engineering, integration and technology products. The post Madison Dearborn Partners snaps up T2S Solutions appeared first on PE Hub.
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The Motley Fool
NOVEMBER 29, 2023
Shares of Petco Health and Wellness (NASDAQ: WOOF) were headed to the doghouse today after the pet products retailer posted disappointing results in its third-quarter earnings report. The company missed estimates on the top and bottom lines and cut its guidance for the full year as management cited a "challenging consumer environment." As of 10 a.m.
PE Hub
NOVEMBER 29, 2023
Rover is an online marketplace for pet care. The post Blackstone to buy pet care provider Rover in a $2.3bn take-private deal appeared first on PE Hub.
The Motley Fool
NOVEMBER 29, 2023
Image source: Getty Images Getting pre-approved for a mortgage loan is very important. If you are thinking about buying a house , you'll need to know how much the bank is willing to lend you and what your mortgage might cost. You'll also need to be ready to show your pre-approval letter to sellers when you make an offer. They'll want to see it so they know you can actually get the financing you need to go through with the deal.
PE Hub
NOVEMBER 29, 2023
Progilisys is an IT staffing and IT-managed service provider. The post Osceola Capital-backed Talent Groups buys Progilisys appeared first on PE Hub.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
PE Hub
NOVEMBER 29, 2023
NewSpring bought Underdog in June and announced its first add-on earlier in November. The post NewSpring brings its playbook to sports marketer Underdog appeared first on PE Hub.
The Motley Fool
NOVEMBER 29, 2023
Great dividend stocks are about a lot more than the yield. A very high yield can actually be a sign of impending problems and point to risk. Many investors love dividend stocks, but they're even more important for retirees or others who rely on passive income, and dividend safety is a premier feature of great dividend stocks for these investors. Other features you want to look for in a quality dividend stock are company growth, dividend growth, and management's commitment to shareholder value.
PE Hub
NOVEMBER 29, 2023
KKR will acquire the remaining 37 percent stake in insurance company Global Atlantic. The post KKR takes full ownership of Global Atlantic; NewSpring builds out sports marketing platform appeared first on PE Hub.
The Motley Fool
NOVEMBER 29, 2023
Many investors favor dividend stocks for their ability to reduce volatility, create capital gains in down markets, and provide steady income for long-term shareholders. However, it is well known that growth stocks have outperformed income stocks by a wide margin since 2007. Some academic studies have suggested that this performance gap between growth and dividend/value stocks may be due to the structural changes in the U.S. economy over the last 40 years.
PE Hub
NOVEMBER 29, 2023
IMG Academy is a global sports education institution. The post Patricof Co injects capital into IMG Academy appeared first on PE Hub.
The Motley Fool
NOVEMBER 29, 2023
Just about every investor would be thrilled to discover the next Tesla (NASDAQ: TSLA) , and the truth is they may not find a stock that rockets quite like the well-known electric vehicle maker. However, investors can still benefit from an excellent young competitor to ride the wave as mass adoption of electric vehicles (EVs) takes place. Here are three reasons why Rivian Automotive (NASDAQ: RIVN) might be the best option right now.
PE Hub
NOVEMBER 29, 2023
Global Atlantic is an insurance company. The post KKR to buy Global Atlantic’s remaining 37% stake for $2.7bn appeared first on PE Hub.
The Motley Fool
NOVEMBER 29, 2023
Stocks have enjoyed a nice rally in November, and Wall Street looked poised to see the good times continue on Wednesday morning. With investors having largely concluded that the Federal Reserve is likely to cut interest rates next year rather than raise them, some believe that a renewed bull market is now inevitable. Stock index futures were up about half a percent before the open.
PE Hub
NOVEMBER 29, 2023
Albany Packaging is a folding paperboard cartons manufacturer. The post Emerald Lake-backed Inno-Pak bags Albany Packaging appeared first on PE Hub.
The Motley Fool
NOVEMBER 29, 2023
Ten years ago, it was nearly inconceivable that an American company could have a trillion-dollar market cap. But in 2018, technology giant Apple became the first private organization in the world to amass a $1 trillion valuation on the back of its flagship iPhone. Microsoft , Amazon , and Google parent Alphabet joined Apple in that exclusive club soon after.
The Reformed Broker
NOVEMBER 29, 2023
Ladies and gentlemen, this is the final post I will be publishing at The Reformed Broker. After today the site will be inactive, forever. I began this blog in November 2008 without any idea where it would take me. I had a negative net worth, was working at a dead-end brokerage firm job and absolutely no career prospects whatsoever – a washed up stock broker at 31 years old in the middle of a global financial crisis.
The Motley Fool
NOVEMBER 29, 2023
Image source: Getty Images Many people struggled to buy homes in 2023. If you were one of them, you may be wondering what the housing market has in store for 2024. Without a crystal ball, we can't be certain. But based on what we know about the real estate market as well as the economy, here's what prospective buyers can expect in the new year. 1. Home prices are likely to stay high In the third quarter of 2023, the median home sale price on a national level was $431,000, according to Federal Re
Blackstone News
NOVEMBER 29, 2023
$11.00 Per Share Purchase Price Represents 61% Premium Over 90 trading-day VWAP SEATTLE, November 29, 2023 – Rover Group, Inc. (Nasdaq: ROVR) (“Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced that it has entered into a definitive agreement to be acquired by private equity funds managed by Blackstone (“Blackstone”) in an all-cash transaction valued at approximately $2.3 billion.
The Motley Fool
NOVEMBER 29, 2023
In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Nov. 29, 2023. The video was published on Nov. 29, 2023. 10 stocks we like better than Nvidia When our analyst team has a stock tip, it can pay to listen.
Private Equity Insights
NOVEMBER 29, 2023
Rover Group, Inc. (Nasdaq: ROVR) (“Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced that it has entered into a definitive agreement to be acquired by private equity funds managed by Blackstone (“Blackstone”) in an all-cash transaction valued at approximately $2.3bn. Under the terms of the agreement, Rover stockholders will receive $11.00 per share in cash, representing a premium of approximately 61% to the volume weighted average share price of Rover
The Motley Fool
NOVEMBER 29, 2023
Image source: Getty Images The holidays can be a truly overwhelmingly expensive time of the year. From the period of late November through late December, your credit card bills might easily be double what they are in a typical month. This especially holds true if you're traveling during the holidays and buying gifts. If you're someone who tends to shop on Amazon, you may be aware that it's more than possible to find your share of good bargains on the site all year round.
Private Equity Insights
NOVEMBER 29, 2023
KKR & Co. will pay about $2.7bn in cash to acquire the remaining 37% of Global Atlantic that it doesn’t already own, broadening its bet on insurance to fuel asset and fee growth. The buyout giant will fund the purchase from its balance sheet, which had $23bn of cash and investments as of Sept. 30, KKR said Wednesday in a statement. The transaction, along with a series of “strategic initiatives,” is expected to boost after-tax distributable earnings per share by about 10% in 2024, according t
The Motley Fool
NOVEMBER 29, 2023
Shopify went public in 2015 and has rewarded shareholders with returns in excess of 2,600%. The company helps millions of merchants build out an e-commerce presence, which has resulted in hundreds of millions of people buying from Shopify merchants annually. Shopify's place in the e-commerce ecosystem is important and won't be going away for the foreseeable future.
Private Equity Insights
NOVEMBER 29, 2023
Gabon’s national oil firm is seeking to use its right of first refusal to acquire Carlyle’s (CG.O) Assala Energy after the private equity giant agreed to sell the business for $1.3bn to France’s Maurel & Prom, three sources told Reuters. Gabon Oil Company (GOC) last week sent Carlyle International Energy Partners (CIEP) a letter informing it wanted to preempt Maurel & Prom’s (MAUP.PA) deal, exercising a right it has under local law, three sources close to the deal
The Motley Fool
NOVEMBER 29, 2023
Zscaler 's (NASDAQ: ZS) stock sank 7% during after-hours trading following its latest earnings report before reclaiming that lost ground on the following day. For the first quarter of fiscal 2024, which ended on Oct. 31, the cloud-based cybersecurity company's revenue rose 40% year over year to $497 million and exceeded analysts' expectations by $23 million.
Private Equity Insights
NOVEMBER 29, 2023
Canadian investment firm Onex Corp. is evaluating options including a potential sale of UK health-care staffing business Acacium Group, according to people familiar with the matter. The Toronto-based company is working with advisers at Bank of America Corp. to help identify potential suitors for the business, the people said, asking not to be identified as the information is private.
The Motley Fool
NOVEMBER 29, 2023
Despite the recent bull market rally, many top cryptos are still trading at a hefty discount to their all-time highs. Bitcoin , for example, is still trading at a 45% discount to its all-time high of $68,790. And Ethereum (CRYPTO: ETH) is still trading 59% below its all-time high of $4,891. Dig a little bit deeper, and you can find billion-dollar cryptos trading anywhere from 70% to 90% below their all-time highs.
Private Equity Insights
NOVEMBER 29, 2023
The owners of fund administrator Alter Domus are pursuing the sale of a stake in the Luxembourg-based group that could value it at more than $4.4bn, three people familiar with the matter told Reuters. The shareholders, which include the company’s founders and buyout firm Permira, have been working with bankers at Goldman Sachs (GS.N) and Raymond James (RJF.N) to gauge interest in the business, said the people, who spoke on condition of anonymity.
The Motley Fool
NOVEMBER 29, 2023
When it comes to choosing the age at which to start taking Social Security, many experts advise against claiming early. While you can file for benefits as early as age 62, the longer you wait (up to age 70), the more you'll receive each month. In fact, waiting until 70 to start collecting checks will result in receiving your full benefit amount plus a bonus of at least 24% per month for the rest of your life.
Private Equity Professional
NOVEMBER 29, 2023
Levine Leichtman Capital Partners (LLCP) has sold Therapeutic Research Center to Colibri Group, a portfolio company of Gridiron Capital. Therapeutic Research Center (TRC) is a research, analytic, and information services company that provides evidence-based drug therapy and medication management recommendations to healthcare professionals and institutions including pharmacists, pharmacy technicians, prescribers, and nurses.
The Motley Fool
NOVEMBER 29, 2023
After a disastrous performance in 2022 (the worst in the past decade), the stock market has so far made a solid recovery in 2023. The benchmark S&P 500 index is currently up by 27.4% from its bear market low in October 2022 and only 5% below its all-time high reached in January 2022. A bull market has not officially begun just yet (it requires a 20% increase from the bear market low and setting a new all-time high), but the current trading environment hints at one looming right around the co
Private Equity Insights
NOVEMBER 29, 2023
Temperature-controlled storage and logistics provider Lineage Logistics has been reported to be pursuing a more than $30bn initial public offering for next year. Backed by private equity firm Bay Grove, Novi, Michigan-based Lineage is the largest cold storage real estate investment trust in the world. The company has amassed a portfolio of more than 400 facilities and 2.5 billion cubic feet of space across North America, Europe and the Asia-Pacific since 2008.
The Motley Fool
NOVEMBER 29, 2023
Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) have been beneficiaries of the solid surge in semiconductor stocks this year despite both companies being hamstrung by weak sales of personal computers (PCs). While AMD stock is up an impressive 88% in 2023, Intel isn't far behind, with a 66% jump so far this year. Both stocks outperformed the PHLX Semiconductor Sector index's gains of 48% this year.
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