Tue.Nov 28, 2023

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General Atlantic and Mubadala-Backed Shein Files for IPO in U.S., Targets $90bn Valuation

Private Equity Insights

Fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter, in what is likely to be one of the most valuable China-founded companies to list in New York. Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the initial public offering (IPO), and Singapore-based Shein could launch its new share sale some time in 2024, the sources said.

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Charlie Munger, Half of a Legendary Partnership, Dies at 99

The Motley Fool

Charlie Munger, vice chairman of Berkshire Hathaway and a towering figure in the investment world, has died at age 99. The company announced Tuesday that members of the Munger family said the legendary investor passed away peacefully at a hospital in California. Munger wasn't just Warren Buffett's right-hand man at Berkshire Hathaway, he was an accomplished investor on his own, with an impressive track record of success dating back many decades.

Law Firms 246
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New Mountain Capital Acquires BMI for $1.7bn

Private Equity Insights

BMI didn’t put a specific price on New Mountain Capital’s takeover in its confirmation last week, but sources have previously put the acquisition price in New Mountain Capital’s offer at around $1.7bn. US radio giant iHeartMedia is lined up for a $100m windfall from the sale of BMI to a shareholder group led by New Mountain Capital. On Monday (November 27), iHeart said that it expects, following the sale, to receive “approximately” $100m of proceeds “related to its equity interest in

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Investing $4,000 in These 4 Top Stocks Might Make You Rich

The Motley Fool

When it comes to investing in cybersecurity expert CrowdStrike Holdings (NASDAQ: CRWD) , restaurant chain Portillo's (NASDAQ: PTLO) , law-enforcement, technology-provider Axon Enterprise (NASDAQ: AXON) , and digital-advertising specialist The Trade Desk (NASDAQ: TTD) , I'm not necessarily saying these are timely trading opportunities. But these four stocks could help investors get rich, given a long enough time horizon.

Investing 246
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LFM Capital invests in SisTech Manufacturing

PE Hub

SisTech manufactures PCBAs for defense, aerospace, industrial and consumer applications. The post LFM Capital invests in SisTech Manufacturing appeared first on PE Hub.

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1 Artificial Intelligence (AI) Stock on Track to Be a Trillion-Dollar Company

The Motley Fool

It wasn't all that long ago that Palantir Technologies (NYSE: PLTR) was toiling away in obscurity, providing data mining and artificial intelligence (AI) services to a select few intelligence agencies within the U.S. government and its allies as a private company. But Palantir's 2020 IPO shined a light on the vast potential for AI, and its stock was off to the races.

Companies 246

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Vanguard's Largest Growth Fund Just Hit a 52-Week High. Is There More Room to Run?

The Motley Fool

The Vanguard Growth ETF (NYSEMKT: VUG) hit a new 52-week high on Nov. 20. The fund is now up 39.6% year to date (YTD), which is outperforming the Nasdaq Composite 's 35.7% YTD gain and trouncing the S&P 500 's 18.2% gain. Here's why the ETF may be right (or wrong) for you, and why it could have more room to run. Image source: Getty Images. A primer on the Vanguard Growth ETF With $170.7 billion in net assets, the Vanguard Growth ETF is one of the largest exchange-traded funds (ETFs) out ther

Funds 246
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NEP scoops up United Sports Brand

PE Hub

USB is a portfolio of sporting goods and active lifestyle brand. The post NEP scoops up United Sports Brand appeared first on PE Hub.

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3 Artificial Intelligence (AI) Stocks That Should Change the World (and Make Many Millionaires)

The Motley Fool

The light bulb. The telephone. The internet. All of these inventions changed the world. And all of them made their share of millionaires in the process. Now comes Artificial Intelligence (AI). And while it remains to be seen how, and to what extent, AI will change the world, it does seem clear that AI is poised to revolutionize numerous industries. With all that in mind, it brings up question: What companies stand at the forefront of AI technology, and how can investors capitalize on this next t

Capital 246
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Align Capital-backed E Source picks up UMS Group

PE Hub

UMS Group is a utility management consulting company. The post Align Capital-backed E Source picks up UMS Group appeared first on PE Hub.

Capital 199
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Looking to Upgrade Your Apple Device? It Pays to Do It at Costco

The Motley Fool

Image source: Getty Images Some people swear by Apple products and can't imagine using any other brand. If you're someone who owns an Apple device, your phone or iPad may no longer suit your needs the way it did when you first bought it. Maybe you need a phone with more memory. Or maybe your iPad is missing some key features that could otherwise enhance your user experience.

Financing 246
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Greenbelt reveals add-on criteria for Saber

PE Hub

Allied Industrial’s Waste Eliminator in acquisition. The post Greenbelt reveals add-on criteria for Saber appeared first on PE Hub.

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Why Is Warren Buffett Selling Amazon Stock Instead of Buying It Hand Over Fist?

The Motley Fool

Amazon (NASDAQ: AMZN) looks as impressive as it has in years. The stock is up close to 75% year to date. The tech titan's profitability is increasing. It's moving into exciting new areas. I wrote only a few weeks ago that Amazon ranked among three Warren Buffett stocks with strong moats to buy right now. However, the Oracle of Omaha apparently doesn't have the same point of view.

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Genstar-backed Cetera completes take-private of Avantax

PE Hub

Avantax is a financial planning and wealth management company. The post Genstar-backed Cetera completes take-private of Avantax appeared first on PE Hub.

Companies 186
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Could Microsoft Become the Most Important Stock in the Nasdaq, S&P 500, and Dow?

The Motley Fool

Microsoft (NASDAQ: MSFT) , perhaps more than any other company, encapsulates the impact that big tech is having on the stock market and major indices. For years now, Microsoft has loomed large in Apple 's (NASDAQ: AAPL) shadow as the second-most-valuable U.S.-based stock. But that could change, as Microsoft's $2.77 trillion market cap is within striking distance of Apple's $2.97 trillion market cap.

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Allied Industrial’s Waste Eliminator acquires North Georgia Roll Off

PE Hub

Waste Eliminator provides waste collection, storage, removal, recycling and landfill services. The post Allied Industrial’s Waste Eliminator acquires North Georgia Roll Off appeared first on PE Hub.

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3 Things You Need to Know If You Buy Plug Power Today

The Motley Fool

Falling a staggering 78% since this time last year, shares of Plug Power (NASDAQ: PLUG) have performed miserably in 2023. The fuel cell and hydrogen stock has fared even worse over the past three years -- a period during which it has plunged 87%. But there are still those who believe Plug Power's best days lie before it. For these undaunted optimists, in fact, the stock's current price tag might even seem like an excellent buying opportunity.

Prospects 246
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Greenbelt eyes tuck-ins for energy transition enabler Saber

PE Hub

An investor group led by Greenbelt announced the acquisition of Saber Power Services, a Houston-based infrastructure services platform, earlier in November. The post Greenbelt eyes tuck-ins for energy transition enabler Saber appeared first on PE Hub.

Investors 171
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Here's the Next Stock I'm Going To Buy

The Motley Fool

I don't buy stocks very often. That may sound strange, given that I analyze great investments every day. But I have my reasons: There is such a thing as overdiversification -- if I want to track the whole market, why not double down on a broad index fund instead? My pockets aren't always deep enough for splurging on another interesting stock. When my investable cash runs low, it's all right to simply add that new name to my Motley Fool CAPS account and stay on the sidelines for a while.

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Gauge Capital invests in East Coast Institute for Research

PE Hub

ECIR is a clinical research site management organization. The post Gauge Capital invests in East Coast Institute for Research appeared first on PE Hub.

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Forget Amazon, These 2 Growth Stocks Will Deliver Superior Returns

The Motley Fool

There's no debating that Amazon is one of the greatest investments of all time. Growing out of Jeff Bezos' garage into the trillion-dollar empire it is today is nothing short of impressive. And it will most likely be relevant and growing for many years to come. However, with its $550 billion in trailing-12-month revenue and a market capitalization of $1.5 trillion, I think it's fair to expect some moderation in the long-term potential of Amazon stock.

Returns 246
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5 Questions I Have About the Economy

A Wealth of Common Sense

Some questions I’m pondering about the economy at the moment: 1. Why do people keep spending money if the economy is so terrible? We’re breaking records for holiday travel: And spending money on Black Friday like crazy: Granted, this is holiday travel and spending. It’s not the normal course of action. But just look at the inflation-adjusted spending for consumers on goods and services: Lots of people.

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Coinbase Wins the Crypto Game of Thrones

The Motley Fool

The collapse of FTX a year ago was just the start for cryptocurrencies, and last week Binance agreed to pay a $4 billion fine as part of a settlement with the U.S. Department of Justice. The one company that's been unscathed is Coinbase (NASDAQ: COIN) , which has been the most transparent company in crypto for years. In this video, Travis Hoium covers Coinbase's position in the market and where investors can expect this market leader to grow long-term.

Returns 246
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Third Fund Hits Hard Cap at Tower Arch

Private Equity Professional

Tower Arch Capital has closed Tower Arch Partners III LP with $750 million of capital commitments. Fund III closed at its hard cap in a single closing and was substantially oversubscribed. Limited partners in Fund III include current and former management team members, foundations, financial institutions, university endowments, and family investment offices.

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Massive News for Electric Vehicle Stocks

The Motley Fool

Electric vehicle stocks may be in for a rough year in 2024 as the industry faces overcapacity and weakening consumer demand. Falling prices and falling stock prices haven't helped confidence in the industry's future. In this video, Travis Hoium covers the industry's trends and why there are some major names that may face big headwinds over the next few years.

Returns 246
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With Buy of Player One, OpenGate is the New Pinball Wizard

Private Equity Professional

OpenGate Capital has agreed to acquire the Player One Amusement Group division of Cineplex at a transaction value of C$155 million. Player One Amusement Group (P1AG), under a revenue sharing model, provides amusement gaming equipment and outsourced operations and maintenance services to theater chains, family entertainment centers, bowling centers, resorts, restaurants, and trampoline parks.

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Here's How Nvidia Could Become the World's First $5 Trillion Stock by 2030

The Motley Fool

Nvidia (NASDAQ: NVDA) is having one of the best years in its history. Its stock has surged 233% so far, propelling the company to a valuation of more than $1 trillion. Its recent success is driven by its data center chips designed for artificial intelligence (AI) workloads. I think Nvidia could ride the AI trend to become the world's first $5 trillion company by 2030.

Companies 246
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LLCP Sells Therapeutic Research Center to Gridiron

Private Equity Professional

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.

Capital 130
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The Social Security Do-Over and Suspension Clauses Could Get Retirees a Bigger Benefit Check

The Motley Fool

Social Security is often a major source of income for retired workers, so a bigger benefit could mean a substantial improvement in living standards for millions of Americans. Multiple factors impact Social Security payouts, but the most easily controlled variable is claiming age. Read on to see how claiming age factors into benefit payments, and to learn how retired workers that have already claimed benefits can increase their payout with Social Security's do-over and suspension clauses.

Banks 246
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Home Depot Buys IDG from Millpoint

Private Equity Professional

The Home Depot has agreed to acquire International Designs Group (IDG), a distributor and retailer of stone and porcelain tile and a portfolio company of Mill Point Capital. Mill Point formed IDG in April 2022 to acquire Cancos Tile & Stone, a Farmingville, New York-based distributor of high-end porcelain, stone, ceramic, glass, and mosaic tile… This content is for members only.

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2 Unstoppable Dividend Stocks Trading Near 52-Week Lows to Buy Now

The Motley Fool

The stock market is coming off of four positive weeks, but you wouldn't know it by looking at the dividend-paying stocks on this list. Both are down near 52-week lows. These stocks have been having a lousy time lately, but their underlying businesses keep putting up consistently positive results. Both have over a decade of consecutive annual dividend raises under their belts.

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Berkshire Hathaway’s Charlie Munger dies at 99

Private Equity Insights

Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway, died on Tuesday morning at a California hospital. Munger was 99, and would have turned 100 on Jan. 1. He died peacefully, Berkshire said. No cause was given. “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” Buffett, Berkshire’s chairman and chief executive said in a statement.

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Intuit (INTU) Q1 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Intuit (NASDAQ: INTU) Q1 2024 Earnings Call Nov 28, 2023 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon. My name is Chelsea, and I will be your conference operator. At this time, I would like to welcome everyone to Intuit's first quarter fiscal year 2024 conference call.

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Pantheon Raises $3.25bn for Latest Global Private Equity Secondaries Fund

Private Equity Insights

Pantheon, a leading global private markets investor, is pleased to announce the successful closing of Pantheon Global Secondaries Fund VII and associated vehicles (PGSF VII), its latest flagship global private equity secondaries offering, with commitments totalling $3.25bn. Total aggregate fundraising substantially exceeded the initial target of $2.0bn and marks Pantheon’s largest-ever raise for a private equity secondaries program, reflecting growing interest in the strategy over recent years –

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