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For much of the last two years, big tech has dominated the storyline revolving around artificial intelligence (AI). " Magnificent Seven " members Microsoft , Amazon , and Alphabet have invested billions into the likes of ChatGPT creator OpenAI and perhaps its biggest rival, Anthropic. Meanwhile there is Tesla , Elon Musk's brainchild that's looking to bring self-driving cars and humanoid robots to the masses.
Global private equity firms Blackstone and Bain are reportedly in the final stages of bidding for Mitsubishi Tanabe Pharma, a subsidiary of Japan’s Mitsubishi Chemical Group, in a deal expected to be valued between $3bn and $3.5bn, according to a report by Reuters. According to three sources familiar with the matter, Goldman Sachs has been engaged by Mitsubishi Chemical to oversee the sale process, with binding bids due on 24 December.
Dan Ives is the global head of technology research at Wedbush Securities. During his two decades following the tech sector, Ives has made several big, bullish calls that challenged the prevailing sentiment on Wall Street. For instance, he predicted in January 2024 the Nasdaq Composite would hit 20,000 this year. Lo and behold, the index crossed that threshold last week.
PARTNER CONTENT Aqua Capital is a private equity firm managing investments in sustainable businesses across the Agribusiness & Food value chain. Founded in 2009, Aqua has raised over $1bn in capital, deploying it across 45 sector-disrupting companies, including those in technology and innovation, sustainability, and globalisation. Having recently been named Private Equity Wires ESG Fund of the Year: Growth Equity A and Corporate Sustainability Strategy of the Year: Portfolio Company, managin
Shares of one-time smartphone leader BlackBerry (NYSE: BB) stock soared 16% through 11:40 a.m. ET Monday morning after the company announced it will sell its Cylance endpoint security assets to private cybersecurity operator Arctic Wolf. With its smartphone business out of the picture, BlackBerry has morphed into a specialist in software for cyber and Internet of Things (IoT) applications.
Private equity major Warburg Pincus has raised more than $2.2bn for its first multi-asset continuation fund. The post Warburg Pincus picks up HarbourVest, Ardian, CPPIB backing for $2.2bn multi-asset continuation fund appeared first on AltAssets Private Equity News.
Super Micro Computer (NASDAQ: SMCI) stock lost ground over the last week of trading. The server company's share price ended the period down 17% from last week's market close, according to data from S&P Global Market Intelligence. Supermicro stock fell this week following bearish coverage from analysts at JPMorgan. Despite assurances that the stock is on track to avoid being delisted, investors also continued to weigh the risk that the company's shares could be removed from the Nasdaq exchang
BC Partners is close to finalising a deal to sell Dutch generic drugmaker Synthon International Holding BV to Goldman Sachs Asset Management (GSAM), according to a report by BNN Bloomberg. Sources familiar with the matter have said GSAM has emerged as the leading bidder for Synthon after outperforming other potential buyers. The deal is expected to value Synthon at approximately 2bn ($2.1bn), with BC Partners likely retaining a minority stake.
BC Partners is close to finalising a deal to sell Dutch generic drugmaker Synthon International Holding BV to Goldman Sachs Asset Management (GSAM), according to a report by BNN Bloomberg. Sources familiar with the matter have said GSAM has emerged as the leading bidder for Synthon after outperforming other potential buyers. The deal is expected to value Synthon at approximately 2bn ($2.1bn), with BC Partners likely retaining a minority stake.
One of my favorite ways to invest is through exchange-traded funds (ETFs). They're simple, and you can generally accomplish the same goals in a few investments that would've taken you dozens or hundreds of investments a few decades ago. Today, thousands of ETFs are on the stock market, covering virtually every sector , asset class, and investment strategy possible.
The $47bn-managing South Carolina Retirement System Investment Commission has picked out Unity Partners' debut fund among its latest alternatives commitments. The post Unity Partners picks up significant South Carolina pension support for $300m-targeting debut fund appeared first on AltAssets Private Equity News.
Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) are the two largest home improvement retailers in America. Both of their stocks slumped in 2022 and 2023 as inflation curbed consumer discretionary spending and rising interest rates chilled the housing market, but they both have rallied by about 20% so far this year as the macro environment has stabilized.
Carlyle Group has secured private credit financing to acquire a majority stake in Australian waste management company Waste Services Group (WSG), according to a report by Bloomberg, citing sources familiar with the matter. The private equity firm arranged a unitranche loan exceeding AUD500m ($318m) from lenders including Ares Management, KKR Credit Advisors, and UBS Group AG.
Are you considering stepping into (or remaining in) a position in Sirius XM Holdings (NASDAQ: SIRI) ? If so, you're not alone. Although its satellite radio business hasn't exactly been red-hot in a while, its 2019 acquisition of music-streaming service Pandora, along with its new focus on advertising-supported radio, are catching investors' attention for good reason.
British banknote printer De La Rue is in discussions with private equity firm Disruptive Capital GP and pension fund manager Pension SuperFund Capital, collectively known as PSFC Entities to sell up to 40% of its equity, according to a report by Reuters. The potential offer price of 1.25 per share would value the business at approximately 245m ($311m).
Multigenerational teams have several options for monetizing and transitioning the book from one generation to the next. So, how do they decide whats best? By Allie Brunwasser & Jason Diamond Its no secret that the wealth management industry has a major impending crisis: A shortage of quality next gen advisor talent. But there is another wrinkle to this dilemma thats often overlooked.
General Inception, a Palo Alto, CA-based biotech company igniter, acquired Enable Medicine, a Menlo Park, CA-based company which specializes in AI-led data analysis for biological research and drug discovery. The amount of the deal was not disclosed. The strategic partnership will give General Inception access to Enable Medicine’s biological data platform, benefiting life science and […] The post General Inception Acquires Enable Medicine appeared first on FinSMEs.
Triton Anchor, a Chelmsford, MA-based offshore anchoring systems company, raised $2.2M in Seed funding and secured a $3.5M grant. The Seed round was co-led by MWNW Consulting Group with participation from OS Impact Investment, Katapult Deep Ocean Blue Fund, the Massachusetts Clean Energy Center (MassCEC), and Triton Early Growth Fund. Triton Anchor specializes in offshore […] The post Triton Anchor Completes $2.2M Seed; Secures $3.5M Grant appeared first on FinSMEs.
Walking through a financial planning conferences doors, you might expect to find a room full of strangers dressed to the nines. But thats not what you get at XYPN LIVE. XYPN LIVE events are casual by designthink t-shirts and shortsso you can come as you are and find real connections.
Keepit, a Copenhagen, Denmark-based independent, cloud-native data protection and backup provider, raised $50M in Funding. The round was led by One Peak, and EIFO, bringing the total founding to $90M. The company intends to use the funds to expand t**s go-to-market efforts and accelerate continued product innovation. Led by Morten Felsvang, Chief Executive Officer and Frederik […] The post Keepit Raises $50M in Funding appeared first on FinSMEs.
New York, USA, 16th December 2024, Chainwire The post Forbes Web3 Celebrates Innovation: Legacy Pass Members Showcased in the Forbes Magazine appeared first on FinSMEs.
Drifter World, a Hisings Backa, Sweden-based parking management company, raised SEK 36M in new funding. The round was led by Imperia Fastigheter. Knutsson Holdings and Per-Olof Andersson also increased their stakes. The company intends to use the funds to expand operations and its business reach. Led by CEO Fredrik Durling, Drifter World transforms parking management with AI, […] The post Drifter World Receives New Investment appeared first on FinSMEs.
Mark Wiseman, former Chair of AIMCo, former CEO of CPP Investments and current Senior Advisor and Chairman of Lazard Canada wrote a comment for the Globe and Mail on why pension funds are a Canadian success story and politicians must leave them alone: The Canadian pension fund model is the envy of the world and the centrepiece of our lauded social security framework.
San Francisco, California, 16th December 2024, Chainwire The post Forte Unveils Open-Source Rules Engine to Support Safety and Economic Stability in Blockchain Development appeared first on FinSMEs.
Exiting your business successfully means securing a deal that aligns with your future goals. Whether you aim to find a new owner to continue your legacy, fund a new venture, or exit quickly to focus on other priorities, finding the right buyer is essential. This post covers five chronological steps to find a buyer for your business, vet them, and determine if they can ensure a smooth transition that supports your exit goals.
Miami, Florida, 16th December 2024, Chainwire The post Floki Expands Presence in UAE as Sponsor of the 2024 World Tennis League appeared first on FinSMEs.
Georgetown, Cayman Islands, 16th December 2024, Chainwire The post Vana mainnet goes live with $VANA to power data as a new asset class in global AI economy appeared first on FinSMEs.
Precision Neuroscience, a NYC-based braincomputer interface (BCI) company, raised $102M in Series C funding. The round was led by General Equity Holdings, with participation from firms including B Capital, Duquesne Family Office, the investment firm of Stanley F. Druckenmiller, and Steadview Capital, bringing the total amount to $155M. Founded in 2021 and led by a […] The post Precision Neuroscience Raises $102M in Series C Funding appeared first on FinSMEs.
Preparing a business for sale should begin more than two years before your ideal exit date. There are two key benefits to starting this process early: First, it allows you to gain clarity on why you want to sell and determine whether its the right time to begin the lengthy, complex process of selling your business. Second, youll have the time to develop a strategy to make your business exit-ready, more attractive to potential buyers, and assemble the team of experts needed to navigate the M&
Unrivaled, a Miami, FL-based professional women’s basketball league, raised $28M in Series A funding. The round was led by Berman Family with participation from Giannis Antetokounmpo, Build Your Legacy Ventures, Linda Henry, Avenue Sports Fund, Marc Lasry, Michael Phelps, Nicole Phelps, Dawn Staley, Warner Bros. Discovery, JuJu Watkins, Amy Banse, Black Economic Alliance Venture Fund, Threadneedle Ventures, Richard Hamilton, and Joe Ingles.
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