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A Blackstone-led investor group is acquiring a majority stake in US accounting firm Citrin Cooperman, valuing the company at over $2bn, according to sources cited by the Financial Times on Tuesday. This could mark Blackstones first investment in the accounting sector. The private equity giant, managing $1 trillion in assets, is purchasing the stake from New Mountain Capital, Citrin Coopermans previous majority owner.
Since artificial intelligence (AI) emerged as the capital market's next big obsession a couple of years ago, the term " Magnificent Seven " began to gain steam. That name is used to collectively describe the world's largest technology businesses, each of which is carving out a unique pocket within the broader AI market. Here are the returns of each Magnificent Seven stock in 2024: Start Your Mornings Smarter!
US private equity firm KKR is reportedly considering selling its majority stake in Japanese supermarket chain Seiyu, in a deal estimated to be worth several hundred billion yen (equivalent to several billion dollars), according to a report from the Nikkei business daily on Tuesday. The bidding process is underway, with major retailers such as Aeon, Pan Pacific International Holdings (owner of Don Quijote), and Trial Holdings, as well as investment funds, reportedly submitting bids.
Town Hall Ventures, a VC investor launched six years ago to focus on the healthcare needs of vulnerable people, is eyeing up to $400m for its fourth fund. The post Underserved healthcare investment specialist Town Hall Ventures pulls in capital for $400m-targeting fourth fund appeared first on AltAssets Private Equity News.
IK Small Cap II Fund, a fund owned and managed by European private equity firm IK Partners, has agreed to sell its stake in GeoDynamics, a Belgian software firm focused on solutions for Human Resources finance professionals, to Blinqx. Financial details of the transaction have not been disclosed. The transaction will see GeoDynamics become part of Blinqx, a provider of cloud software solutions for small and medium-sized enterprises, corporates, and service organisations, as it looks to strengthe
Luminar (NASDAQ: LAZR) stock is seeing another day of big gains Tuesday. The company's share price was up 12.3% as of 12:15 p.m. ET despite the S&P 500 index being down 0.7% and the Nasdaq Composite index being down 1.5%. The lidar specialist's stock had been up as much as 22.6% earlier in the daily session. Luminar is surging today following Nvidia (NASDAQ: NVDA) CEO Jensen Huang's keynote address at the Consumer Electronics Show (CES) last night.
Global law firm Norton Rose Fulbright has appointed Jamal Tuhin as a Partner in London. Tuhin, who joins from Dechert, acts for PE and financial sponsor clients across Europe and the US on every phase of international and domestic M&A transactions. He advises clients who operate within a variety of sectors, including life sciences and healthcare, technology, as well as financial services.
Advent International has agreed to acquire condiments and seasoning business Sauer Brands from Falfurrias Capital Partners. The post Deal Roundup: Advent agrees to buy Duke’s Mayo maker Sauer, Aquiline invests in Catalyst Global Financial appeared first on AltAssets Private Equity News.
Advent International has agreed to acquire condiments and seasoning business Sauer Brands from Falfurrias Capital Partners. The post Deal Roundup: Advent agrees to buy Duke’s Mayo maker Sauer, Aquiline invests in Catalyst Global Financial appeared first on AltAssets Private Equity News.
Blackford Capital (Blackford), a lower middle market private equity firm, has closed the sale of portfolio company Mopec Group, a supplier of equipment, consumables, and services for pathology and anatomy professionals, to PE firm Waud Capital Partners (WCP). Chicago-based WCP, focuses on growth-oriented middle-market investments in the healthcare and software & technology sectors.
European private equity investor Vespa Capital has rebranded to Arlane amid announcing the 120m final close of its third fund. The post Vespa Capital rebrands to Arlane, raises 120m third fund appeared first on AltAssets Private Equity News.
Jones, a NYC-based vertical software company developing AI in insurance verification, raised $15M in Series B funding. The round was led by NewSpring Capital, with participation from existing investors, including Hetz Ventures, Camber Creek, Khosla Ventures, JLL Spark, DivcoWest Ventures, Rudin Ventures, and Ground Up Ventures. The company intends to use the funds to accelerate […] The post Jones Raises $15M in Series B Funding appeared first on FinSMEs.
Managing Director Lonne Jaffe explains an investor perspective on the latest AI technology developments, challenges, and known unknowns as they redefine market leadership and long-term value creation in the year ahead. These insights came from our ScaleUp:AI event in November 2024, an industry-leading global conference that features topics across technologies and industries.
Flint, a Singapore-based tech company developing proprietary paper battery technology, raised US42M in Seed funding. Backers included private investors across nine countries and AI-driven VC firm Hatcher+. The company intends to use the funds to: Led by Founder and CEO Mr. Carlo Charles, Flint is a deep tech impact company which specializes in developing new […] The post Flint Raises US$2M in Seed Funding appeared first on FinSMEs.
Inari Agriculture, a Cambridge, MA-based seed design company, raised $144M in funding. Backers included Abu Dhabi Investment Authority (ADIA), and a large financial investor collaborating on forthcoming agriculture projects. Existing investors including Hanwha Impact, NGS Super, the State of Michigan Retirement System and company founder Flagship Pioneering also contributed.
Mid-market investor Quilvest Capital Partners has reportedly launched its first secondaries fund targeting GP-led transactions. The post Quilvest launches debut secondaries fundraise – report appeared first on AltAssets Private Equity News.
Francis Medical, Inc.,a Minneapolis, MN-based medical device company, raised$80Min Series C equity funding. The round was led by Arboretum Ventures and Solas BioVentures with participation from Orlando Health Ventures and two additional strategic partners, along with previous investors Coloplast A/S and Tonkawa. Led by CEO and President Michael Kujak, Francis Medical is committed to developing urological cancer treatments […] The post Francis Medical Closes $80M Series C Equity Financing a
The Iowa Municipal Fire & Police Retirement System, based in West Des Moines, has allocated $188m in new and follow-on commitments to private equity, according to a recent flash report on the pension funds website. The $3.4bn pension fund approved these investments during its board meeting on 14 November. The board has committed $95m to the Siguler Guff Small Buyout Opportunities Fund VI, a fund of funds focused on small-market buyouts and managed by Siguler Guff.
Northern Light Group, a Boston, MA-based provider of an enterprise knowledge management platform for competitive intelligence and market research, received a$23Mgrowth investment from LoneTree Capital. As part of the investment,Mike Devine,Rhett LambertandPeter Bozianof LoneTree will join Northern Light’s Board of Directors. Terms of the deal were not disclosed.
In this episode, Peter Lehrman sits down with Adam Breslawsky, founding partner and managing director of lower middle market investment bank Oberon Securities. Adam shares Oberon’s origin story, detailing its humble beginnings, initial challenges, early clients and eventual growth into what is now a firm of 80 bankers across the U.S. The conversation dives into the intricacies of recruiting and retaining top investment bankers, the evolving art and science of investment banking, the transf
ThreatMark, a London, UK-based behavior-based fraud prevention company, raised $23M in funding. The round included $15M from Octopus Ventures and Riverside Acceleration Capital (RAC), and an $8M convertible note from Springtide Ventures Fund. The company intends to use the funds to expand market reach, including key regions like the UK and US, accelerate research and […] The post ThreatMark Raises $23M in Funding appeared first on FinSMEs.
The post Citrin Cooperman, a Leading Professional Services Firm, to Receive Significant Investment as Blackstone Acquires Stake from New Mountain Capital appeared first on Blackstone.
Lusha, a Boston, MA-based B2B sales intelligence company, acquired Novacy, a Tel Aviv, Israel-based provider of a conversation intelligence platform. The amount of the deal was not disclosed. This acquisition further enhance Lusha’s capabilities beyond the initial stages of the sales process, such as prospecting and outreach, positioning the company as an end-to-end solution that […] The post Lusha Acquires Novacy appeared first on FinSMEs.
Dubai, United Arab Emirates, 7th January 2025, Chainwire The post Arcana Network Launches Chain Abstraction SDK to Unify Multi-Chain Experience appeared first on FinSMEs.
Georgetown, Saint Vincent & The Grenadines, 7th January 2025, Chainwire The post R0AR NFT Public Sale Live: 2,700 Minted On First Day as DeFi-NFT Narrative Gains Traction appeared first on FinSMEs.
Singapore, Singapore, 7th January 2025, Chainwire The post Travalas New Bitcoin Incentives Aim to Boost Crypto Adoption & Real-world Utility appeared first on FinSMEs.
BALTIMORE & SAN DIEGO & WASHINGTON January 7, 2025 ( BUSINESS WIRE ) JMI Equity (JMI), a growth equity firm focused on investing in leading software companies, today announced that it has promoted Chase Thomet and Mac Williams to Partner. We take great pride in our proven apprenticeship model, which develops high-quality talent, said Peter Arrowsmith, Managing Partner at JMI.
Santa Clara, California, 7th January 2025, Chainwire The post CARV Announces the Launch of CARV SVM Chain Testnet: Empowering AI Agents, Redefining Data Sovereignty appeared first on FinSMEs.
BlackRock is the world's largest asset manager, with $11.5 trillion in client money under its supervision. Around $3.3 trillion of that is sitting in exchange-traded funds (ETFs) that are operated by the company's iShares subsidiary. Investors can passively own hundreds or even thousands of stocks by purchasing just a handful of different ETFs. They can be especially useful when investors want exposure to a new industry like artificial intelligence (AI) because it's challenging to determine whic
San Francisco, California, 7th January 2025, Chainwire The post To Catalyze AI Infrastructure – Open launches WEBisOpen Point System appeared first on FinSMEs.
2025 is shaping up to be the year of artificial intelligence (AI) software. Over the last two years, the AI boom has focused on semiconductor stocks like Nvidia , but after building out data centers to perform generative AI computing scale, software companies now seem next up to capitalize on the new tech boom. Tech analyst Dan Ives of Wedbush recently said, "The time has come for the broader software space to get in on the AI Party as we believe the use cases are exploding.
Moonrider, a Bengaluru, India-based electric tractor tech company, raised $2.2m in seed funding. The round was co-led by AdvantEdge Founders and Micelio Technology Fund, with participation from unnamed angels. The company intends to use the funds to expand operations and its development efforts. Founded in August 2023 by Anoop Srikantaswamy and Ravi Kulkarni, Moonrider provides […] The post Moonrider Raises $2.2M in Seed Funding appeared first on FinSMEs.
The exponential growth of artificial intelligence (AI) in multiple sectors of the economy is expected to add trillions to the world's gross domestic product. Investors can already see this playing out, with top AI hardware and software companies reporting strong expansion in their businesses and their revenues over the past few years. To help you profit from this opportunity, you might want to consider two stocks that are well-positioned to supply the growing need for AI infrastructure in the ye
Senseera, a Jerusalem, Israel-based liquid biopsy company, raised $7.1M in Seed funding. The round was led by Lightspeed Venture Partners, with participation from I-Next Capital and the Lowy Medical Research Institute. The company intends to use the funds to advance its GEM BIOMARKERS liquid biopsy platform, empowered by cfChIP-seq technology. Led by CEO Dr.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been a great performing index, as it beat the broader S&P 500 (SNPINDEX: ^GSPC) in 2024 by rising 28.6% versus the S&P 500's 23.3%. It wouldn't surprise me to see those results again in 2025, but I think a few companies within the Nasdaq Composite can outperform the broader index in 2025. These stocks are Meta Platforms (NASDAQ: META) , Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , ASML (NASDAQ: ASML) , PayPal (NASDAQ: PYPL) , and MercadoLibre (N
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