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Wynnchurch Capital has acquired Principal Industries , a provider of LED components and engineered assemblies. Principal Industries designs and manufactures LED products for signage and architectural branding illumination. The company’s product lineup includes LED modules, linear and edge lighting, power modules, drivers and controls, and custom-engineered assemblies for complex branding and lighting applications.
The Maine Public Employees Retirement System (MainePERS), based in Augusta, has approved two alternative investment commitments totalling up to $200m, according to a report by Pensions & Investments Online citing James Bennett, the Chief Investment Officer of the $20.2bn pension fund. At its meeting on 14 November, the MainePERS board greenlit two commitments, pending final due diligence, legal review, and negotiations: an allocation of up to $100m to the Garda Fixed Income Relative Value Op
New Heritage Capital has finalized the sale of Continental Services , a Detroit-based corporate foodservice provider, to Morgan Street Holdings. New Heritage Capital acquired Continental Services in February 2017. Continental Services is one of the largest corporate foodservice providers in the Midwest and one of the largest Compass Group franchisees.
Private equity giant Blackstone (NYSE: BX) is close to agreeing to the acquisition of Jersey Mike’s Subs in a deal that values the popular US sandwich chain at approximately $8bn, including debt, according to a report by the Wall Street Journal. The report cites an unnamed source familiar with the matter as revealing that an announcement could come as soon as this week.
Image source: Getty Images The gender pay gap is an unfair fact of life in America's workplace, and getting paid less than men causes far-reaching consequences in many women's lives. When women get paid less, they have less money to invest for retirement or spend on everyday necessities. Lower-paid women might even miss out on lifesaving healthcare.
Baird Capital, the global private equity and venture capital arm of Baird, has appointed Daina Spedding as a Director with the firm’s Global Private Equity team based in London to focus on sourcing and driving PE investments globally. Spedding joins Baird Capital from BGF, where she was an investor and has been leading deal teams since 2019. In this role, she was responsible for deal sourcing and execution, coaching and mentoring more junior investors, alongside board roles in the investee
Elon Musk's start-up could be spending $6 billion on Nvidia (NASDAQ: NVDA) technology. *Stock prices used were the afternoon prices of Nov. 14, 2024. The video was published on Nov. 16, 2024. Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
Nordic Capital, a private equity firm focused on investments in the healthcare, tech and payments, and financial services sectors, has entered into exclusive negotiations regarding the acquisition of Anaqua from private investment firm Astorg. Founded in 2004, Anaqua, is a provider of intellectual property (IP) management technology solutions serving brands and law firms around the world, including Nvidia, Honda, and IBM.
Nordic Capital, a private equity firm focused on investments in the healthcare, tech and payments, and financial services sectors, has entered into exclusive negotiations regarding the acquisition of Anaqua from private investment firm Astorg. Founded in 2004, Anaqua, is a provider of intellectual property (IP) management technology solutions serving brands and law firms around the world, including Nvidia, Honda, and IBM.
Stanley Druckenmiller wowed investors year after year with his winning streak at the helm of Duquesne Capital Management. There, he scored an average annual return of 30% over 30 years -- and didn't post a single year of money losses. This top investor closed the fund in 2010 but has since continued investing through the Duquesne Family Office -- and one of his favored stocks in recent times has been artificial intelligence (AI) giant Nvidia (NASDAQ: NVDA).
Private investment house Ardian has sold its 49% stake in Autopista Trados 45 (Trados) to Abertis, an international motorway operator headquartered in Spain. Abertis was already the majority shareholder in Trados. Trados is a holding company which oversees investment in a 14.5km stretch of the M45 Madrid ring-road in Spain, which is managed through a concession agreement with the Autonomous Community of Madrid granted in 2019 and valid until 2029.
Bitcoin 's (CRYPTO: BTC) price has more than doubled this year and is currently hovering near its all-time high. Some investors might be wary of chasing that rally, but one of Bitcoin's biggest bulls -- MicroStrategy 's (NASDAQ: MSTR) billionaire Executive Chairman Michael Saylor -- isn't backing down. Under Saylor's direction, MicroStrategy bought its first $250 million of Bitcoin in 2020.
Continuing its recovery from last Thursday's sudden sell-off, Rocket Lab (NASDAQ: RKLB) stock rose for a third straight day in early Tuesday trading, tacking on 4.1% through 10:10 a.m. ET. You can thank CEO Sir Peter Beck for that. A well-timed Twitter post Late last night (our time -- I think it was a morning post in New Zealand ), the Rocket Lab CEO posted on X the observation that he's really happy that his company is now mass producing and shipping satellite parts (known as "reaction wheels"
Augere Medical, an Oslo, Norway-based medical device company, raised NOK23M in first close of its funding round. Shareholders in the company include: Shareholders Shares Percent 1 AM Equity 76,414 30.5% 2 MP Pensjon 37,590 15.0% 3 Farvatn Venture 33,750 13.5% 4 Simula Innovation 29,930 11.9% 5 Private investors who each hold less than 5% of […] The post Augere Medical Raises NOK23M in First Close Funding appeared first on FinSMEs.
Soaring stock prices over the past year have driven down dividend yields. The S&P 500 (SNPINDEX: ^GSPC) currently yields 1.2%, its lowest level in 20 years. However, income-seeking investors still have some attractive options. For example, the following five high-yield dividend stocks could turn a $5,000 investment into more than $330 of annual passive income: Dividend Stock Investment Current Yield Annual Dividend Income Clearway Energy (NYSE: CWEN) (NYSE: CWEN.A) $1,000.00 6.13% $61.30 Ent
OneChronos, a NYC-based technology company leveraging advances in auction theory and computer science to optimize financial markets, raised $32M in funding. The round was led by Addition. The company intends to use the funds to accelerate its growth in existing markets and expansion into new ones. Led by CEO Kelly Littlepage, OneChronos applies combinatorial auctions […] The post OneChronos Raises $32M in Funding appeared first on FinSMEs.
QuantumScape (NYSE: QS) is working to revolutionize electric-vehicle (EV) battery technology. If its solid-state solution can be proven successful and able to be produced at scale, it could lead to a surge of interest in consumer EV demand. One Wall Street firm is acknowledging the company's progress and has raised its view of the stock. That led QuantumScape shares to surge today by as much as nearly 6%.
Ecore, a Lancaster, PA-based company which transforms reclaimed rubber materials into high-performance products that drive sustainability and reduce environmental impact, received a strategic investment from General Atlantic’s BeyondNetZero Fund. The amount of the deal was not disclosed. The company intends to use the funds to support continued organic and inorganic growth initiatives, strengthen core operational […] The post Ecore Secures Strategic Investment from General Atlantic’s
Technology stocks, especially those with a key role in the hot growth area of artificial intelligence (AI), have led gains in today's bull market. The S&P 500 is heading for a 24% increase this year after rising in the double digits last year thanks to the momentum of these players. Investors have piled into these stocks as a way to get in early on a market that's set to soar throughout the decade -- today's $200 billion AI market is forecast to reach $1 trillion by 2030.
Levanta, a Seattle, WA-based provider of an affiliate marketing platform for Amazon sellers, raised $20M in Series A funding. The round was led by Volition Capital. The company intends to use the funds to: Co-founded by Ian Brodie (CEO), Rob Schab (Chief Marketplace Officer), and Spencer McKenney (Chief Technology Officer), Levanta is a provider of an affiliate marketing platform for […] The post Levanta Raises $20M in Series A Funding appeared first on FinSMEs.
Most pharmaceutical businesses are slow-moving by nature due to the lengthy amount of time it takes to develop a new medicine, and AbbVie (NYSE: ABBV) is no exception. Nonetheless, the next five years will likely see it growing faster than the last five years, and shareholders are apt to benefit. Here's where this company will be going, and where it's probably going to end up.
minu, a Mexico City, Mexico-based employee wellness platform provider, raised $30M in Series B funding. The round was led by Next Billion Capital Partners, Flourish Ventures, Promotora Impact Ventures, Endeavor Catalyst, Clocktower Technologies and Working Capital Fund. Existing investors QED Investors, FinTech Collective, Redwood Ventures, Salkantay and Nazca participatedin the round.
Shares of Palantir Technologies (NYSE: PLTR) have advanced more than 250% year to date due to strong financial results. This was driven by strong demand for its artificial intelligence (AI) platform and excitement surrounding the company's addition to the S&P 500. Last week, Palantir announced plans to remove itself from the New York Stock Exchange and relist on the Nasdaq exchange, effective Nov. 26.
All 900+ GSI Employee Owners to Earn Cash Payouts, with Longest Tenured Hourly Employees Each Receiving Over $325,000 in Proceeds DENVER & NEW YORK--(BUSINESS WIRE)-- KKR today announced an agreement to sell GeoStabilization International (“GSI” or the “Company”) to Leonard Green & Partners, L.P. (“LGP”). GSI is a leading provider of geohazard mitigation solutions and roadway safety services.
GE Aerospace (NYSE: GE) trades at 33.6 times Wall Street estimates for 2025 earnings. That valuation might seem excessive, but it's crucial to note GE delivers an essential product (commercial airplane engines are its most important revenue generator) in a business with incredibly high barriers to entry, and GE is the leading player in it. Here's why the stock deserves a premium rating.
It's no secret that Nvidia (NASDAQ: NVDA) has surged during the ongoing artificial intelligence (AI) boom, which has customers clamoring for the company's graphics processing units (GPUs). That has led to soaring revenue in Nvidia's data center segment. In its fiscal 2025 second quarter, ended July 28, total revenue more than doubled year over year to $30 billion, and 88% of those sales came from its data center group.
Today’s private equity GPs face fierce competition, intensifying LP expectations and high overheads. As growth rates slow, you need a strong foundation of fund operations to ensure money at work is optimised so you can win and retain investors. Join Private Equity Wire’s webinar, in partnership with FIS® to learn what it takes to raise the operational bar and achieve a stronger position to drive growth.
Two of the most-important data releases of the fourth quarter occurred last week. While most investors were laser-focused on the October inflation report on Nov. 13, the deadline for institutional investors to file Form 13F on Nov. 14 was just as important. Following the end to every quarter, institutional investors with at least $100 million in assets under management (AUM) are required to file a 13F with the Securities and Exchange Commission.
ThoroughCare, a Pittsburgh, PA-based company which specializes in care coordination solutions, raised $5M in Series A funding. The round was led by Empactful Capital. The company intends to use the funds to accelerate its continued focus on product development, strategic account management, and expansion into new markets. Founded in 2013, ThoroughCare provides digital care coordination […] The post ThoroughCare Raises $5M in Series A Funding appeared first on FinSMEs.
As measured by market capitalization , there has never been a company worth $4 trillion, but Nvidia (NASDAQ: NVDA) is starting to close in. At the time of this writing, Nvidia was worth around $3.6 trillion. At that size, it only has to rise in value another 11% before it crosses this threshold. This is significant because second-place Apple (NASDAQ: AAPL) , which needs to rise 16% in value to beat Nvidia to the mark, was the first company to cross the $1 trillion, $2 trillion, and $3 trillion m
Celcoin, a Sao Paulo, Brazil-based financial technology infrastructure company, announced the acquisition of CobranSaaS, a Porto Alegre, Bazil-based provider of loan and debt collection management solutions. The amount of the deal was not disclosed. With the acquisition, Celcoin will expand its offerings. Founded in 2013 by Marcos Gabbardo, Marcos Peruzzo, and Thiago Peruzzo, CobranSaaS offers […] The post Celcoin Acquires CobranSaaS appeared first on FinSMEs.
Image source: Getty Images Costco offers two tiers of membership to choose from. You could pay $65 a year for a basic Gold Star membership, or upgrade to an Executive membership for $130 a year. The Executive membership gives you the benefit of 2% cash back on your purchases in exchange for the higher price. But it's important to make sure you intend to use your membership often enough to recoup the $65 upgrade fee at the very least.
The Keanu (KNU) token, a new Solana-based meme coin inspired by cultural icon Keanu Reeves, has officially hit the market via a fair launch on Pump.fun.
The Medicare plan you sign up for each year will determine what benefits you're entitled to and what sort of costs you'll be looking at. And right now, you have an opportunity to put a new Medicare plan in place for 2025 during the program's fall open enrollment period. Although Medicare open enrollment kicked off more than a month ago, there are still a few weeks left to make changes to your coverage for 2025.
Selector AI, a Santa Clara, CA-based AIOps solution company, raised $33M in Series B funding. The round was led by Ansa Capital joined by Two Bear Capital, Atlantic Bridge, and Sinewave Ventures, as well as AT&T Ventures, Bell Ventures, Singtel Innov8, and Hyperlink Ventures. The company intends to use the funds to expand its geographic […] The post Selector AI Raises $33M in Series B Funding appeared first on FinSMEs.
Plug Power 's (NASDAQ: PLUG) losses on the bottom line are mounting with headwinds persisting. *Stock prices used were the afternoon prices of Nov. 16, 2024. The video was published on Nov. 18, 2024. Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
RIIG, a Charlottesville, VA-based risk intelligence and cybersecurity solutions provider, raised $3M in Seed funding. The round was led by Felton Group. The company intends to use the funds to accelerate the development and launch of its AI-powered solutions, expand client support, and grow its sales and marketing teams. Led by CEO Denver Riggleman, RIIG […] The post RIIG Raises $3M in Seed Funding appeared first on FinSMEs.
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