Tue.Jan 07, 2025

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Blackstone leads $2bn deal for PE-owned accounting firm

Private Equity Insights

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.

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If I Could Buy Only 1 "Magnificent Seven" Stock in 2025, This Would Be It

The Motley Fool

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!

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Blackstone joins private equity deal wave in US accounting sector

Financial Times M&A

Acquisition of Citrin Cooperman from New Mountain Capital for $2bn marks a step up in valuations

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Arcana Network Launches Chain Abstraction SDK to Unify Multi-Chain Experience

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.

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Why Luminar Stock Is Soaring Today

The Motley Fool

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.

Companies 100
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Norton Rose Fulbright adds Partner to PE team

Private Equity Wire

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.

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Quilvest launches debut secondaries fundraise – report

AltAssets

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.

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Deal Roundup: Advent agrees to buy Duke’s Mayo maker Sauer, Aquiline invests in Catalyst Global Financial

AltAssets

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.

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IK Partners to sell GeoDynamics to Blinqx

Private Equity Wire

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

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Underserved healthcare investment specialist Town Hall Ventures pulls in capital for $400m-targeting fourth fund

AltAssets

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.

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KKR exploring sale of Japan’s Seiyu supermarket chain

Private Equity Wire

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.

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Updating My Favorite Performance Chart For 2024

A Wealth of Common Sense

The first asset allocation quilt I created for this site covered the ten-year period from 2005-2014. Those returns look nothing like the last 10 years which is the whole point of this exercise. Here’s the latest quilt: Some observations: Inflation outperformed TIPS.The average inflation rate over the past 10 years was around 2.9% annually. Treasury-inflation protected securities were up 2.1% annually over the sam.

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Jones Raises $15M in Series B Funding

FinSMEs

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.

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Building a Consequential Investment Bank with Adam Breslawsky

Axial

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

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R0AR NFT Public Sale Live: 2,700 Minted On First Day as DeFi-NFT Narrative Gains Traction

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.

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Citrin Cooperman, a Leading Professional Services Firm, to Receive Significant Investment as Blackstone Acquires Stake from New Mountain Capital

Blackstone News

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.

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Travala’s New Bitcoin Incentives Aim to Boost Crypto Adoption & Real-world Utility

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.

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SEI Launches Depositary Services in Luxembourg

SEI

Launch Strengthens Comprehensive Global Offering and Operational Footprint

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Blackstone Announces Fourth-Quarter and Full-Year 2024 Investor Call

Blackstone News

The post Blackstone Announces Fourth-Quarter and Full-Year 2024 Investor Call appeared first on Blackstone.

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CARV Announces the Launch of CARV SVM Chain Testnet: Empowering AI Agents, Redefining Data Sovereignty

FinSMEs

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.

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From macro to micro: An investor’s perspective on adapting to AI’s rapid developments

Insight Partners

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.

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To Catalyze AI Infrastructure – Open launches WEBisOpen Point System

FinSMEs

San Francisco, California, 7th January 2025, Chainwire The post To Catalyze AI Infrastructure – Open launches WEBisOpen Point System appeared first on FinSMEs.

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Iowa Municipal Fire & Police commits $188m to PE investments

Private Equity Wire

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.

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Flint Raises US$2M in Seed Funding

FinSMEs

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.

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Vespa Capital rebrands to Arlane, raises €120m third fund

AltAssets

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.

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Moonrider Raises $2.2M in Seed Funding

FinSMEs

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.

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Houston, we have a problem

Financial Times M&A

Plus, one tech investor thinks Europe still has a shot at the AI race and Blackstone gets in on the accounting sector

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Senseera Raises $7.1M in Seed Funding

FinSMEs

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.

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JMI Equity Promotes Chase Thomet and Mac Williams to Partner

JMI Equity

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.

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Inari Agriculture Raises $144M in Funding

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.

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How a Billion-Dollar Firm Can Achieve 15-20% Annual Organic Growth: A Case Study with David Newson

Steve Sanduski

Guest: David Newson, Founder at XNW Digital. In a nutshell: Did you achieve your organic growth goals for 2024? If not, there’s a good chance that you’re not drawing some crucial distinctions between the tools that successful firms use to achieve consistent growth and the holistic strategies those tools should be in service of. Getting crystal clear on what those parts are and how they work together is essential to creating an actionable annual plan and executing on it.

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Francis Medical Closes $80M Series C Equity Financing

FinSMEs

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

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3 No-Brainer Stocks to Buy With $1,000 Right Now for the New Year

The Motley Fool

When the chapter was officially closed on 2024, the bulls reigned supreme yet again. The ageless Dow Jones Industrial Average , widely followed S&P 500 , and growth-dependent Nasdaq Composite respectively rose by 13%, 23%, and 29% for the year, with each index reaching numerous all-time closing highs. Despite these phenomenal gains, bargains can still be found for opportunistic investors willing to seek them out.

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Northern Light Receives $23M Investment from LoneTree Capital

FinSMEs

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.

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Why XRP Is Sinking Today

The Motley Fool

XRP (CRYPTO: XRP) is losing ground in Tuesday's trading. The cryptocurrency's token price was down 5.6% over the past 24 hours, as of 4:30 p.m. ET. Meanwhile, the price of Bitcoin was down 5.4%, and the price of Ethereum was down 8.2%. XRP's token price is falling in conjunction with the latest round of economic data from the U.S. Bureau of Labor Statistics (BLS).

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FIRE1 Secures $120M Financing

FinSMEs

FIRE1, a Dublin, Ireland-based connected medical device solutions company, raised $120M in funding. The round was led by Polaris Partners and Elevage Medical Technologies, joined by new investors Sands Capital and Longitude Capital, and existing investors Andera Partners, Gilde Healthcare, Gimv, the Ireland Strategic Investment Fund, Lightstone Ventures, Medtronic, NEA (New Enterprise Associates), Novo Holdings, […] The post FIRE1 Secures $120M Financing appeared first on FinSMEs.

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Why The Honest Company's Stock Swooned in December

The Motley Fool

Investors shouldn't rely entirely on outside recommendations for their stock buys, even if those doing the recommending are financial professionals. That said, when stock analysts change their views on a company, it can have an immediate and sometimes lasting effect on its shares. That goes a long way to explaining the more than 16% decline of The Honest Company 's (NASDAQ: HNST) stock in December.

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