Private Equity Professional
DECEMBER 18, 2024
Vance Street Capital has acquired System Seals , a Cleveland-based designer and manufacturer of high-performance sealing products. System Seals specializes in designing and manufacturing proprietary, high-performance sealing products that require high compliance, material, performance, or tolerance requirements, particularly for systems with high failure costs.
The Motley Fool
DECEMBER 18, 2024
Walgreens Boots Alliance (NASDAQ: WBA) stock looks to have finally received some much-needed bullishness from investors. The stock was jumping last week on rumors that a private equity firm may be buying the company. While Walgreens stock is still down more than 60% this year (as of the end of last week), it is showing signs of life of late. But before you jump in and decide to take a chance on this beaten-down stock, there are some things to consider.
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Private Equity Professional
DECEMBER 18, 2024
Northern Wholesale Supply (NWS), a distributor of outdoor and powersports equipment and supplies, has been acquired by Sun Capital Partners. NWS products catalog has more than 30,000 parts and accessories for recreational vehicles ; powersports vehicles , including snowmobiles and jet skis; boat-related parts, accessories, and supplies; and manufactured and mobile home components.
The Motley Fool
DECEMBER 18, 2024
The electric vertical takeoff and landing (eVTOL) industry represents the next frontier in aviation, with JPMorgan analysts projecting a $1 trillion market opportunity by 2040. Among the companies vying to capture this massive potential, Archer Aviation (NYSE: ACHR) , valued at $3.88 billion, stands out through two transformative developments that reshape its growth trajectory.
Private Equity Professional
DECEMBER 18, 2024
Avance Investment Management and AUA Private Equity Partners have acquired Tropical Cheese Industries , a family-owned producer of Hispanic dairy and meat products. Tropical Cheeses product portfolio includes cheeses such as Queso de Frer and Queso Blanco , meats like chorizo, salami, and ham, as well as tortillas, yogurt drinks, seafood, creams, and desserts such as flan and rice pudding.
The Motley Fool
DECEMBER 18, 2024
Energy Transfer (NYSE: ET) is popular among income-seeking investors. The master limited partnership (MLP) offers a monster distribution that currently yields 7%. That's well above the S&P 500's dividend yield (1.2%). Further, the company plans to steadily increase its payment each quarter, targeting yearly growth at a 3% to 5% annual rate. As good as Energy Transfer's income is these days , fellow MLP Western Midstream Partners (NYSE: WES) offers an even bigger yield at 9%.
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The Motley Fool
DECEMBER 18, 2024
When looking at artificial intelligence (AI) stocks with market caps of less than $10 billion, two prominent names are SoundHound AI (NASDAQ: SOUN) and BigBear.ai (NYSE: BBAI). Although both started the year with market caps of less than $1 billion, the approximate eightfold increase in SoundHound's stock price so far in 2024 (as of this writing) has pushed its market cap to almost $7 billion.
Private Equity Wire
DECEMBER 18, 2024
Australia’s Insignia Financial has turned down Bain Capital’s AUD$2.67bn ($1.69bn) takeover offer, stating that the bid fails to reflect fair value for its shareholders, and blocking Bain’s Asia expansion, according to a report by Reuters. Earlier this month, Bain proposed AUD4 per share for the 178-year-old wealth management firm, sparking renewed investor interest in Australia-based wealth managers.
Private Equity Professional
DECEMBER 18, 2024
Cornell Capital has promoted Jennifer Cattier to Partner. Based in the firms New York office, Ms. Cattier will continue to oversee operations and personnel, drive strategic priorities, and lead infrastructure initiatives for the firm. Ms. Cattier joined Cornell Capital in 2022 as the firms chief operating officer and chief compliance officer. With todays promotion, Cornell Capitals partner group now consists of seven partners across its New York City and Hong Kong offices.
Private Equity Wire
DECEMBER 18, 2024
Bain Capital is proposing a $2bn tender offer for nearly half of Fuji Soft’s shares, even without the Japanese IT firm’s board approval, if a competing second-round bid by rival buyout firm KKR fails, according to a report by Reuters. Bain’s latest offer of JPY9,600 per share exceeds KKR’s by 1.6%. KKR, backed by Fuji Soft’s board, had already secured a 33.9% stake in the first round of bidding, despite Bain’s earlier higher offer.
AltAssets
DECEMBER 18, 2024
British American Tobaccos corporate venture fund Btomorrow Ventures has launched its second fund focuses on wellbeing and stimulation businesses, saying the 200m vehicle provides further proof of its ambition to "build a smokeless world". The post British American Tobacco claims ambition to “build a smokeless world”, launches 200m ‘beyond nicotine’ fund appeared first on AltAssets Private Equity News.
Financial Times M&A
DECEMBER 18, 2024
The volume of shareholder activism and dealmaking by private equity has mushroomed
The Big Picture
DECEMBER 18, 2024
@TBPInvictus here Our story so far : California has been raising its minimum wage for the past decade, starting at $8/hour through 2013. Many fast food workers (specifically) got bumped to $20/hour, from $16, in April (the law is very specific about who is eligible for the increase). Over that decade, with its minimum wage rising, California’s fast food industry has bested the rest of the US by leaps and bounds.
Private Equity Wire
DECEMBER 18, 2024
January Capital, a Singapore-based asset management firm, has secured over $85m in initial investor commitments for a growth credit fund that will focus on the technology sector, according to a report by BNN Bloomberg. The report cites a company statement as highlighting that the fund aims to provide loans to private equity-backed technology companies in the Asia Pacific region, addressing a growing funding gap for these businesses that are often too large for lenders who cater to unprofitable t
FinSMEs
DECEMBER 18, 2024
ZENRG Services, a Houston, TX-based provider of emission reduction services for energy industry operations, raised an undisclosed amount in Series A funding. The round was led by EIC Rose Rock with participation from Chevron Technology Ventures, BP Energy Partners, and existing investors. The company intend to use the funds to expand its customer base and […] The post ZENRG Services Raises Series A Funding appeared first on FinSMEs.
Private Equity Wire
DECEMBER 18, 2024
New mid-sized businesses emerging in the Gulf are expected to create fresh lending opportunities for private credit firms in the region, initially in the hundreds of millions of dollars, according to Bloomberg UK, citing Golub Capital CEO, Lawrence Golub. Golub Capital, with $70bn in loans outstanding, has recently opened an office in Abu Dhabi and hired Naser Almutairi as managing director for the Gulf region.
FinSMEs
DECEMBER 18, 2024
Singapore, Singapore, 18th December 2024, Chainwire The post NFTMozaic Secures Web3 Foundation Grant to Unite and Elevate Polkadot’s NFT Ecosystem appeared first on FinSMEs.
AltAssets
DECEMBER 18, 2024
Munich Private Equity Partners has raised 440m for its fifth fund of funds, well above its 300m target. The post Munich Private Equity Partners soars past target to reach 440m fund of funds close appeared first on AltAssets Private Equity News.
Blackstone News
DECEMBER 18, 2024
Blackstone Cements Position as a Leading Foreign Hotel Investor in Japan, Adds Three Hotels to Portfolio TOKYO December 19 , 2024 Blackstone (NYSE: BX) announced that Real Estate funds managed by Blackstone (Blackstone) have entered into definitive agreements to acquire three hotels in Osaka and Okinawa Ritz Carlton Okinawa, Kise Beach Palace, and Nest Hotel Osaka.
Private Equity Wire
DECEMBER 18, 2024
Ocorian, a global provider of fund administration, capital markets, corporate and compliance solutions, has launched a new reporting and analytics platform in partnership with AssetMetrix, a provider of digital solutions for the private markets. According to a press statement, the platform, which is aimed at streamlining operations, improving decision-making, and enhancing portfolio analytics for fund administration and corporate clients worldwide, integrates data from multiple sources and provi
AltAssets
DECEMBER 18, 2024
Private and public equity investor Berkshire Partners has promoted investor relations execLiz Bride and PE investor Whitney Kelly as managing directors. The post Berkshire Partners promoted IR specialist Bride, PE investor Kelly to managing director appeared first on AltAssets Private Equity News.
Axial
DECEMBER 18, 2024
M&A Industry Report: Business Services Q3 2024 | www.focusbankers.com FOCUS Investment Banking is a trusted name in M&A advisory services with a nationwide footprint and a global reach. An Axial member since 2010, FOCUS works across a broad range of industries and has marketed more than 225 deals on the Axial platform. FOCUS is a trusted member of the Axial Partnership Program and contributes content and industry insights to Axial’s Middle Market Review.
FinSMEs
DECEMBER 18, 2024
Singapore, Singapore, 18th December 2024, Chainwire The post dTRINITY Launches Subsidized Stablecoin Lending Protocol on Fraxtal L2 appeared first on FinSMEs.
Motley Fool Asset Management
DECEMBER 18, 2024
Building a portfolio involves more than simply picking stocks you think will appreciate. We believe its about combining stocks you think will appreciate in a way that balances upside potential with downside risk management.
FinSMEs
DECEMBER 18, 2024
Dubai, India, 18th December 2024, Chainwire The post Sophon Mainnet Goes Live with $500M TVL and Strategic Industry Collaborations appeared first on FinSMEs.
Financial Times: Moral Money
DECEMBER 18, 2024
Also in todays newsletter, a new network for sustainability reporting in developing nations
FinSMEs
DECEMBER 18, 2024
ICEYE, a Helsinki, Finland-based company which specializes in synthetic aperture radar (SAR) satellite operations for high-fidelity Earth Observation, persistent monitoring, and natural catastrophe solutions, raised $65M extension to existing growth round. Backers included Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev. The company intends to use the funds to increase investment in further developing its […] The post ICEYE Closes $65M Extension to Existing Growth Roun
Private Equity Wire
DECEMBER 18, 2024
IDG Capital, a venture capital firm with offices in both Beijing and the United States, has been removed from a Pentagon list identifying companies with connections to the Chinese military, according to a Bloomberg report citing the US Department of Defense. Founded in 1993, IDG is one of the longest-standing firms in China and also operates offices in Boston and New York.
FinSMEs
DECEMBER 18, 2024
Plume, a NYC-based provider of an integrated modular Layer-1 blockchain focused on Real World Asset Finance (RWAfi), raised $20M in Series A funding. Backers included Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures, and others.
Financial Times M&A
DECEMBER 18, 2024
Plus, the infamous German financier Lars Windhorst sits down to tell his side of the story and answer our questions on camera
FinSMEs
DECEMBER 18, 2024
SandboxAQ, a Palo Alto, CA-based company delivering solutions at the intersection of AI and quantum techniques, raised more that $300M in funding. The round, which valued the company at$5.3 billionon a pre-money basis, was led by Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital,Rizvi Traverse, S32, US Innovative […] The post SandboxAQ Raises More Than $300M in Funding appeared first on FinSMEs.
JMI Equity
DECEMBER 18, 2024
JMI Equity, a growth equity firm focused on investing in leading software companies, is proud to announce that two of its investment professionals, Partner Larry Contrella and Principal Mac Williams, have been named to GrowthCaps prestigious Top 40 Under 40 Growth Investors of 2024. This recognition highlights individuals who have made significant contributions to the evolution of growth equity and growth buyouts.
FinSMEs
DECEMBER 18, 2024
SAN FRANCISCO, United States, 18th December 2024, Chainwire The post Pepeto Project Launches Utility-Driven Solutions for Memecoins appeared first on FinSMEs.
Financial Times M&A
DECEMBER 18, 2024
Agreement gives owner of Guardian and Observer newspapers a 9% stake in digital start-up
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