The Motley Fool

AUGUST 16, 2024

Social Security benefits get annual cost-of-living adjustments (COLAs) to help beneficiaries keep pace with rising prices across the economy. Inflation has moderated in recent months, and that trend is expected to continue, so The Senior Citizens League (TSCL) recently revised its 2025 COLA forecast downward, albeit modestly. "The 2025 COLA prediction is about 2.57%, down from 2.63% last month," according to TSCL statistician Alex Moore.

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A Wealth of Common Sense

AUGUST 16, 2024

I’m a neat freak, so occasionally, I clean out my office and re-organize. While doing so earlier this week I came across an old Life magazine a reader sent me a number of years ago. It’s from June 1962 and the stock market was the cover story: The pictures are fantastic. So was the lede of the story: The signs, like rumblings of an Alpine ice pack at the time of thaw, had been heard.

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The Motley Fool

AUGUST 16, 2024

Despite taking shareholders on a very bumpy ride, Uber (NYSE: UBER) has been a huge winner. In the past 24 months, since August 2022, shares of this growth tech stock have skyrocketed 121%. Investors would've more than doubled their money owning this business, compared to a 34% return from the S&P 500 index. But is now the right time to buy Uber?

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Private Equity Insights

AUGUST 16, 2024

A consortium of private credit and private equity firms including Davidson Kempner Capital Management and RRJ Capital have provided a $1bn private loan to Logan Group Co to allow the distressed Chinese property developer to refinance an exisiting credit facility, according to a report by Bloomberg. The loan, which was arranged by JPMorgan Chase & Co, and finalised late Saturday, is a joint arrangement with KWG Group Holdings, and will be used to refinance an original HKD10.2bn ($1.3bn) due t

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The Motley Fool

AUGUST 16, 2024

For those wondering why Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett garners so much attention on Wall Street, look no further than his track record. Since ascending to the CEO chair in 1965, he's overseen a greater than 5,230,000% aggregate return in his company's Class A shares (BRK.A) and nearly doubled up the benchmark S&P 500 's annualized total return, including dividends.

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Private Equity Insights

AUGUST 16, 2024

Swedish investment firm EQT AB (EQTAB.ST) , opens new tab will acquire PropertyGuru (PGRU.N) , opens new tab in an all-cash deal, valuing the Singapore-based online real estate platform at $1.1 billion, the companies said on Friday. As part of the deal, PropertyGuru’s shareholders will receive $6.70 apiece, a 7% premium to the firm’s last close on Thursday.

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Private Equity Insights

AUGUST 16, 2024

State Bank of India (SBI), the country’s largest lender, aims to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees ($2.2 billion) currently in smaller rival Yes Bank (YESB.NS) four sources with direct knowledge said. Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD (ENBD.DU) are in advanced talks to acquire a majority stake in Yes Bank, two of these sources said.

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The Motley Fool

AUGUST 16, 2024

The most important data release of the quarter occurred earlier this week -- and I'm not talking about the much-anticipated July inflation report. No later than 45 calendar days following the end to a quarter, institutional investors with at least $100 million in assets under management are required to file Form 13F with the Securities and Exchange Commission.

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Private Equity Insights

AUGUST 16, 2024

EQT AB agreed to acquire a majority stake in AMCS, a software provider focused on waste management and recycling. EQT Private Equity will invest from EQT X, its flagship private equity fund, and EQT Future, according to a Wednesday statement that confirmed an earlier Bloomberg News report. AMCS’s co-founder, management and investors including Insight Partners and Clearlake Capital will retain minority stakes.

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The Motley Fool

AUGUST 16, 2024

Few hedge fund managers have been as all-in on artificial intelligence (AI) as David Tepper. His Appaloosa fund's portfolio has been stacked with AI stocks for quite a while. However, the billionaire investor doesn't appear to be as enamored with AI these days. Tepper slashed his positions in several AI stocks in the second quarter of 2024. Tepper's top five AI cuts in Q2 Each of Appaloosa's top five holdings has a major focus on AI.

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Private Equity Insights

AUGUST 16, 2024

Vista Equity Partners, the software and technology-focused private equity firm with over $100bn in assets under management, is considering the sale of Finastra’s capital markets division, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as revealing that the private equity firm has initiated preliminary discussions with advisers about a potential sale and may begin the formal process later this year.

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The Motley Fool

AUGUST 16, 2024

Now that we're well into August, many retirees are starting to get antsy over Social Security. Specifically, they're eager to know what cost-of-living adjustment (COLA) they're looking at for 2025. So far, estimates are pointing to a smaller Social Security COLA in 2025 than in 2024. And that's not what retirees want to hear. But a larger COLA may not do a whole lot of good, either.

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Private Equity Insights

AUGUST 16, 2024

Anduril Industries, a defence technology start-up, has raised $1.5bn in a fundraising round led by Founders Fund, the venture capital firm founded by Peter Thiel, and Sands Capital, which values the California-based start-up at $14bn. Anduril will use the proceeds to accelerate the production of autonomous weapons for the US military and its allies, as investment in the sector surges in response to the ongoing conflict in Ukraine.

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The Motley Fool

AUGUST 16, 2024

All told, I likely won't be able to pinpoint exactly how much money I'll need down to the penny for a comfortable retirement. Maybe $1 million will do the trick, or perhaps $400,000 in an individual retirement account will suffice, especially if I have other accounts to tap into. However, I do know that $87,000 -- the median retirement savings for American households -- won't cut it for me personally.

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Private Equity Insights

AUGUST 16, 2024

Vista Equity Partners, a private investment firm focused on enterprise software, data and technology-enabled businesses, has acquired JAGGAER, a provider of enterprise procurement and supplier collaboration software, from global private equity firm Cinven. The transaction is expected to complete in Q4 2024 and is subject to regulatory approvals and other customary closing conditions.

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The Motley Fool

AUGUST 16, 2024

Image source: Getty Images When I first joined Costco , I didn't have kids yet and therefore didn't spend as much as I do now on groceries. But years back, I decided to upgrade to an Executive membership when my family started spending more on food, and I've stuck with it ever since. In fact, there's pretty much nothing anyone can say to convince me to give up that Executive membership -- despite the higher cost.

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Financing Finance 246

Private Equity Insights

AUGUST 16, 2024

Global software investors Insight Partners and Sixth Street Growth have made a $450m growth-equity investment in Kiteworks, a US provider of secure content communications. The investment marks a partial liquidity event and will see Eoin Duane and Peter Sobiloff from Insight Partners and Alex Katz from Sixth Street joining Kiteworks’s board of directors.

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Private Equity Firms Private Equity Firms Investing Investment Firms 130

The Motley Fool

AUGUST 16, 2024

Stocks across tech have declined over the last month, as recent economic reports have made Wall Street fearful of a looming recession. A new jobs report revealed the U.S. labor market added 114,000 jobs in July, significantly lower than expected and the 179,000 reported in June. The figures caused a sell-off in the stock market, with tech companies experiencing some of the worst declines.

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Private Equity Insights

AUGUST 16, 2024

Houston-based private equity firm Pelican Energy Partners has agreed to acquire GSE Solutions, an engineering provider to the nuclear power industry, in an all-cash transaction. Under the terms of the merger agreement, which was unanimously approved by GSE’s board of directors, Pelican will acquire all the outstanding shares of GSE for an estimated total cash consideration of $4.10 per share.

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Private Equity Firms Private Equity Firms Private Companies Shareholders 130

The Motley Fool

AUGUST 16, 2024

When Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) reported its second-quarter earnings a couple of weeks ago, investors learned that CEO Warren Buffett and his team sold a large portion of its massive stake in tech-giant Apple (NASDAQ: AAPL). However, investors didn't know exactly how much Apple stock Berkshire sold and still owned. Berkshire only reported that it owned $84.2 billion in Apple stock as of June 30.

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Private Equity Insights

AUGUST 16, 2024

US private equity major KKR is planning to take Japanese systems developer Fuji Soft private in a deal valued at around JPY600bn ($4.13bn), according to a report by NikkeiAsia citing unnamed sources familiar with the matter. The move comes amid pressure from Fuji Soft’s largest shareholder, Singapore-based 3D Investment Partners, which holds a 21.45% stake in the business.

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Private Equity Firms Private Equity Firms Buyout Shareholders 130

The Motley Fool

AUGUST 16, 2024

With shares down 14% from an all-time high of $136 hit two months ago, Nvidia 's (NASDAQ: NVDA) rocketship rally seems to be unraveling, even as revenue and earnings continue to hit new records. While the chipmaker is still arguably one of the best companies in the world, the market may be losing excitement about the artificial intelligence (AI) industry in general.

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Private Equity Insights

AUGUST 16, 2024

Global investment firm Carlyle has agreed to acquire US medtech company Baxter International’s kidney care segment — to be named Vantive — for $3.8bn, concluding talks initially reported by Reuters and the Wall Street Journal last month. The transaction is expected to close in late 2024 or early 2025. Baxter, which is based in Deerfield, Illinois, will receive approximately $3.5bn in cash.

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The Motley Fool

AUGUST 16, 2024

Digital banking and financial services company SoFi Technologies (NASDAQ: SOFI) is back within shouting distance of its 52-week low and roughly 75% off its 2021 peak. Investors often let price drive a stock's narrative. For example, SoFi's share price keeps falling, so the business must also be bad. But is that true, or does the market have it all wrong?

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Banks Financial Services Returns Accounting 246

Private Equity Insights

AUGUST 16, 2024

Private equity giant Blackstone announced on Tuesday it had sold 3,000 shared-ownership homes to Britain’s biggest private pension fund, in a sign of growing dealmaking by big money managers in the UK housing sector. Blackstone sold the portfolio to academia pension fund, the Universities Superannuation Scheme (USS), which manages more than 75 billion pounds ($96 billion) of assets, in a deal worth 405 million pounds ($519 million).

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The Motley Fool

AUGUST 16, 2024

Rivian Automotive (NASDAQ: RIVN) shares were dropping on Friday afternoon after the company made a surprising announcement. While most of the focus on the electric vehicle (EV) maker has recently related to the unveiling of its next-generation SUV, today's news was about its commercial delivery vans. Shares plunged as much as 5.5% on news that the company has suspended production of the vans destined for e-commerce giant Amazon.

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Private Equity Insights

AUGUST 16, 2024

Swedish investment firm EQT (EQTAB.ST) said on Friday it has agreed to acquire KJ Environment and affiliated companies from Seoul-based investment firm Genesis Private Equity to establish a waste treatment platform in South Korea. EQT said it is making the acquisition via its sixth infrastructure fund. The deal would give the platform, which will focus on plastic recycling and waste-to-energy in South Korea, an enterprise value of over 1 trillion won ($733 million), said two people with knowled

Private Equity Firms 130

Private Equity Firms Private Equity Firms Enterprise Values Buyout 130

The Motley Fool

AUGUST 16, 2024

Two of the biggest media companies in the world are The Walt Disney Company and Netflix (NASDAQ: NFLX). For years, just mentioning the word "Disney" brought to mind the company's global theme park business. However, a few years ago Disney decided to branch out from its core businesses and compete with Netflix more directly. The company launched its own streaming service called Disney+, a move that forced Netflix's hand when it comes to creating enticing original content.

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Investors Returns Capital Companies 246

Private Equity Insights

AUGUST 16, 2024

Alchemy has agreed to sell pan-European telecommunications business, Lebara Group, which has over 4m subscribers across the UK, Netherlands, Germany, France and Denmark, to Waterland Private Equity. The sale, which is pending regulatory approval, is expected to deliver a strong return on investment for Alchemy’s investors. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Alchemy first invested in Lebara in 2018 when, following a period of

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Private Equity Firms Private Equity Firms Shareholders Capital 130

The Motley Fool

AUGUST 16, 2024

Geopolitical tensions have been on the rise in recent years, especially with the conflicts in Ukraine and the Middle East. One might expect that defense contractors have delivered outsize returns, but that just hasn't been the case. Take Lockheed Martin (NYSE: LMT) , for example. From the start of 2023 until just a few weeks ago, the stock hadn't gained any ground for investors.

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Returns Investors Companies Portfolios 246

Private Equity Insights

AUGUST 16, 2024

The private equity owner of Maverick Natural Resources is exploring a potential sale that could value the U.S. oil and gas producer at nearly $3 billion, including debt, according to people familiar with the matter. The Houston-based exploration and production company, which is owned by energy-focused investment firm EIG, is working with investment bankers at Jefferies s (JEF.N) on the sale process, the sources said, requesting anonymity as the discussions are confidential.

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The Motley Fool

AUGUST 16, 2024

The stock market has been on a wild ride the last few weeks, and many investors are feeling the whiplash from the sudden ups and downs. Despite how stomach-churning market downturns can be, they can also be fantastic buying opportunities. Many stocks are essentially on sale right now, making it a smart time to buy. If the market has further to drop, you could snag stocks at an even steeper discount.

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Private Equity Insights

AUGUST 16, 2024

A consortium of private equity firms comprising CVC Capital Partners, Nordic Capital and Platinum Ivy, are to acquire Hargreaves Lansdown in a deal that values the UK’s largest savings and investment platform at £5.4bn ($6.9bn), according to a report by Bloomberg. The private equity firms have secured the unanimous support of Hargreaves Lansdown’s board, which has recommended that shareholders accept the offer.

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The Motley Fool

AUGUST 16, 2024

I'm a longtime Nvidia (NASDAQ: NVDA) bull. But even I'm concerned about what's happening with Nvidia stock right now. Consider this: Nvidia's stock has experienced its first 20% drawdown since the start of 2023. NVDA data by YCharts In other words, the market finally found a gap in Nvidia's armor. Sure, Nvidia has already bounced off its lows and could recover and make new highs, but is it time to worry that Nvidia's flawless longer-term bull run is coming to an end?

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