The Motley Fool
FEBRUARY 9, 2024
Shares of Palantir Technologies (NYSE: PLTR) charged sharply higher this week, soaring as much as 47.5%, according to data supplied by S&P Global Market Intelligence. By the time the market closed on Friday, the stock was still up 43.2%. The catalyst that initially sent the data analytics and artificial intelligence (AI) systems pioneer higher was the company's better-than-expected results.
PE Hub
FEBRUARY 9, 2024
The deal was valued at more than $60 million. The post Camber Partners-backed Beamer acquires software Userflow appeared first on PE Hub.
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The Motley Fool
FEBRUARY 9, 2024
Billionaire Bill Ackman runs Pershing Square Capital Management, a hedge fund that returned 234% over the last five years, crushing the 95% total return in the S&P 500. Pershing Square also beat the benchmark index over the last year and the last decade. That outperformance makes Ackman and his fund a worthwhile case study for investors. A closer look at the fund in the September quarter shows that Ackman had 31.4% of Pershing Square's portfolio invested in two stocks: 17.4% in Alphabet (NAS
PE Hub
FEBRUARY 9, 2024
Based in Miami, Premier Radiology Services is a provider of teleradiology services. The post Grovecourt Capital-backed Premier Radiology snaps up medtech company NationalRad appeared first on PE Hub.
The Motley Fool
FEBRUARY 9, 2024
Investors often debate whether Tesla (NASDAQ: TSLA) is merely an electric carmaker masquerading as an artificial intelligence company or a genuine artificial intelligence company that also makes electric vehicles. For Morgan Stanley analyst Adam Jonas, there is no doubt Tesla fits into the latter category. His conviction is underscored by a bull-case price target of $500 per share, implying 170% upside from its current price.
PE Hub
FEBRUARY 9, 2024
Georgia Metals is a distributor of metal roofing and other related metal building products and accessories. The post CID Capital-backed Georgia Metals buys manufacturer Watson Metals 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
FEBRUARY 9, 2024
The seller was Blue Chip Worldwide. The post Knox Lane-backed Spectrum Science buys clinical trial recruitment firm Continuum Clinical appeared first on PE Hub.
The Motley Fool
FEBRUARY 9, 2024
Unlike Elon Musk's SpaceX and Jeff Bezos' Blue Origin, Richard Branson's Virgin Galactic (NYSE: SPCE) is publicly traded and has no shortage of hands buying and selling the stock on a daily basis. However, Virgin Galactic's long-term performance has been less than stellar. Still, eager traders might find excitement in the idea that Virgin Galactic stock's moon shot could be a "better late than never" type of event.
A Wealth of Common Sense
FEBRUARY 9, 2024
Think back to the economic set-up at the end in September 2022. The stock market was down 25% on the year. The latest inflation reading was still well over 8%. Interest rates had shot up. The Fed was raising rates aggressively. A recession was all but consensus. And why wouldn’t it be? That’s what the Fed was telling everybody! Jerome Powell gave a press conference at the time that echoed the dire sentiment in.
The Motley Fool
FEBRUARY 9, 2024
Several crypto-mining stocks surged sky-high this week. Measured from last Friday's closing bell to today's market open, data from S&P Global Market Intelligence shows Riot Platforms (NASDAQ: RIOT) gaining 23%, Marathon Digital Holdings (NASDAQ: MARA) rising by 28%, and CleanSpark (NASDAQ: CLSK) leading the pack with a 56% jump. They all specialize in mining Bitcoin tokens, and the largest cryptocurrency's price increased by 10% over the same period.
PE Hub
FEBRUARY 9, 2024
Private equity gets bullish over accountants. The post EY shares CEO optimism on mega deals; Super Bowl shines spotlight on PE’s role in sports appeared first on PE Hub.
The Motley Fool
FEBRUARY 9, 2024
One of the hallmarks of the recent economic downturn was a pause in the digital transformation, marked by a dramatic pullback in cloud spending, as companies turned to cloud optimization in an effort to more efficiently use their existing services. The financial results released by one company today suggest that customers are beginning to pile back into cloud services, which could mark the end of a historic dry spell.
Private Equity Insights
FEBRUARY 9, 2024
Peru LNG’s (PLNG) assets include a liquefaction plant, a 408km pipeline, storage tanks, a marine terminal and a truck-loading facility. idOcean Energy, a portfolio company of private equity investor EIG, has agreed to acquire a 20% interest in PLNG from SK Earthon. Reputed to be the first liquefied natural gas (LNG) export plant in South America, Peru LNG is located in Pampa Melchorita, 170km south of Lima, Peru.
The Motley Fool
FEBRUARY 9, 2024
Nvidia (NASDAQ: NVDA) stock has soared in recent times, climbing more than 200% over the past year, thanks to the company's crucial role in the high-growth area of artificial intelligence (AI). The tech giant's graphics processing units (GPUs) have become the go-to chip for powering AI models. Demand in the world of AI may be just getting started. The market, at a compound annual growth rate of 36%, could reach more than $1.3 trillion by 2030, according to a Markets and Markets report.
Private Equity Insights
FEBRUARY 9, 2024
Swiss Life Asset Managers has launched its first open-ended private infrastructure fund, Swiss Life Funds (LUX) Privado Infrastructure S.A., SICAV-Eltif. This fund grants access to private infrastructure markets, typically accessible only to institutional investors, for private and institutional investors in select EU countries, Norway, and qualified investors in Switzerland.
The Motley Fool
FEBRUARY 9, 2024
Nvidia (NASDAQ: NVDA) became a Wall Street darling last year when a boom in artificial intelligence (AI) highlighted the massive potential of its business. Its stock climbed 214% since last February and has shown no signs of slowing, rising 40% since the start of 2024. The launch of OpenAI's ChatGPT reinvigorated interest in AI and caused countless tech firms to restructure their businesses to prioritize the developing market.
Private Equity Insights
FEBRUARY 9, 2024
Clearlake Capital and Insight Partners are close to agreeing a $2bn debt package with a group of private credit lenders including Apollo Global Management and Blackstone to help finance their leveraged buyout of software developer Alteryx The report cites unnamed sources with knowledge of the matter as revealing that Blue Owl Capital and Sixth Street Partners are also among the lenders involved in talks to participate in a $1.8bn seven-year term loan, priced at around 6.5 percentage points above
The Motley Fool
FEBRUARY 9, 2024
The S&P 500 posted a new all-time high in January for the first time since late 2021. Hitting that new high marked the final step needed to confirm the bull market that began when the index bottomed in October 2022, after a brutal 24% plunge into bear territory. The broader market is also benefiting from earnings season, with most American companies currently reporting their financial results for the fourth quarter of 2023 (ended Dec. 31).
Private Equity Insights
FEBRUARY 9, 2024
Alternative investment giant Blackstone has opened its retail private credit fund ECRED to retail investors in France as part of an exclusive partnership with BNP Paribas’ wealth management and Cardif companies. The report cites Anthony Guerra, a Principal at Blackstone’s Private Wealth Solutions, at a press conference, where he explained that the evergreen fund will be accessible via life insurance policies with a €10,000 ($10,750) entry point.
The Motley Fool
FEBRUARY 9, 2024
Amazon (NASDAQ: AMZN) is known for e-commerce, but the company has a lot more going for it than that. It has a thriving service segment with third-party seller services, advertising, and subscriptions. And one segment that has received a lot of attention is Amazon Web Services (AWS), its cloud computing operation. While this segment used to be Amazon's best and brightest, it no longer holds that designation.
Private Equity Insights
FEBRUARY 9, 2024
Coalesce Capital, a private equity firm focused on investments in human capital-driven and technology-enabled services companies, has closed its inaugural fund, Coalesce Capital Fund I, and parallel vehicles, with $900m in total capital commitments. The fund was oversubscribed and secured investor commitments in nine months, above its original target of $750m.
The Motley Fool
FEBRUARY 9, 2024
On Wall Street, the only guarantee is that virtually no guarantees exist. Directional movements for Wall Street's major stock indexes -- the Dow Jones Industrial Average (DJINDICES: ^DJI) , S&P 500 (SNPINDEX: ^GSPC) , and Nasdaq Composite (NASDAQINDEX: ^IXIC) -- are highly unpredictable over short periods. Since this decade began, the Dow Jones, S&P 500 , and Nasdaq Composite have bounced back and forth between bear and bull markets in successive years.
Private Equity Insights
FEBRUARY 9, 2024
BC Partners, a London-based private equity firm with over $40bn in AUM, has agreed to sell Forno d’Asolo Group, an Italian manufacturer and distributor of frozen bakery products valued at €1.1bn ($1.2bn), to a Investindustrial, a European mid-market private equity firm, and Sammontana, an ice cream manufacturer. BC Partners first invested in Forno d’Asolo in 2018.
The Motley Fool
FEBRUARY 9, 2024
Once you retire, certain expenses of yours may go down. If you're no longer commuting, for example, you can expect to spend less on transportation. And if you pay off your mortgage ahead of retirement, you might spend less on housing, despite having to cover additional costs like property taxes, maintenance, and repairs. But there's one expense that tends to rise during retirement instead of fall, and it's healthcare.
Private Equity Insights
FEBRUARY 9, 2024
Aldar Properties is continuing its foray outside the Middle East with a $111 million co-investment with private equity firm The Carlyle Group in logistics and storage assets across Europe. Aldar will join the Carlyle Europe Realty platform, the investment firm’s pan-European real estate portfolio, as part of the deal. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Abu Dhabi’s largest listed developer, which is 25% owned by Mubadala
The Motley Fool
FEBRUARY 9, 2024
Microsoft (NASDAQ: MSFT) CEO Satya Nadella wants India to succeed, in part because he knows that it will help Microsoft succeed. Born in Hyderabad, India, Nadella moved to the U.S. at age 21 for his graduate studies. He joined Microsoft in 1992 and took the helm as CEO 10 years ago. Nadella returned to India this week to speak at the Microsoft CEO Connection event held in Mumbai.
Private Equity Insights
FEBRUARY 9, 2024
Dutch pension fund PFZW has completed a $3.02 billion (EUR 2.8 billion) divestment of stakes in fossil fuel companies, leaving only seven oil and gas firms in its portfolio. PFZW retained its investment in seven companies: Cosan S.A., Galp Energia, Granuul Invest, Neste Oyj, OMV A.G., Raízen S.A., and Worley Limited. The pension fund said in a statement that the companies have a “compelling climate transition strategy” and are “convincingly committed to switching from fossil fuel to low carbon e
The Motley Fool
FEBRUARY 9, 2024
Super Micro Computer (NASDAQ: SMCI) has been one of the hottest stocks on the market in 2024, as shares of the server manufacturer have already more than doubled this year thanks to an impressive set of results that points toward a massive acceleration in its growth. What's more, Supermicro stock has shot up a whopping 6,900% since it went public back in August 2007, outpacing the S&P 500 index's jump of 249% by a huge margin.
Private Equity Insights
FEBRUARY 9, 2024
Everbridge, a specialist in critical event management and national public warning solutions, has entered into a definitive agreement to be acquired by software investment firm Thoma Bravo, in an all-cash take private transaction that values the business at approximately $1.5bn. Under the terms of the agreement, Everbridge shareholders will receive $28.60 per share in cash, which represents a 32% premium to the the company’s volume-weighted average share price over the last 90 days.
The Motley Fool
FEBRUARY 9, 2024
Fool.com contributor Parkev Tatevosian reviews the latest developments from SoFi (NASDAQ: SOFI) and what it could mean for investors. *Stock prices used were the afternoon prices of Feb. 7, 2024. The video was published on Feb. 9, 2024. Should you invest $1,000 in SoFi Technologies right now? Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoFi Technologies
Private Equity Insights
FEBRUARY 9, 2024
Ares Management Corp. has raised A$2.6 billion ($1.7 billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 billion of first lien, senior secured loans.
The Motley Fool
FEBRUARY 9, 2024
Apple (NASDAQ: AAPL) is one of the most successful companies in American history. Since the company came public in 1980, its stock has delivered a whopping 187,580% return. An investment of just $1,000 back at its IPO would be worth more than $1.8 million today. Along with its investors, consumers have also reaped the benefits of Apple's success. The company's iPhone, for example, helped boost their productivity, connect them with their friends and families, and place an endless stream of inform
Private Equity Insights
FEBRUARY 9, 2024
Arlington Capital Partners (Arlington), a private investment firm specialising in government regulated industries, has agreed to sell J&J Worldwide Services (J&J), a provider of essential, preventative property maintenance activities to the US Federal Government, to CBRE Group. J&J currently provides services to over 250 hospitals, clinics and military installations and employs over 3,300 staff globally.
The Motley Fool
FEBRUARY 9, 2024
Image source: Getty Images Americans lose a ton of money to fraud -- according to the Federal Trade Commission, we lost $8.8 billion in 2022 (which was up more than 30% over 2021). With a number like that, you might assume there's nothing you can do to keep your money safe. Thankfully, you're wrong. Here are three smart ways to improve your financial security and keep your cash out of the hands of scammers in 2024.
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