Wed.Nov 01, 2023

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23% of Small Business Owners Say Inflation Is Their Company's Greatest Problem. When Will It Get Better?

The Motley Fool

Image source: Getty Images Inflation has been a problem for consumers for several years now. But it's not just individuals who are struggling with higher costs. Inflation has had a big impact on small businesses , too. A good 23% of small business owners say that inflation is the most important problem in operating their business, according to September's NFIB Small Business Optimism Index.

Companies 260
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Thoma Bravo sells capital markets software provider Adenza to Nasdaq

PE Hub

In conjunction with the closing, Nasdaq has appointed Holden Spaht, a managing partner at Thoma Bravo, to serve as a member of Nasdaq’s board of directors. The post Thoma Bravo sells capital markets software provider Adenza to Nasdaq appeared first on PE Hub.

Capital 225
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3 Little-Known Drawbacks of Having a Low Credit Score

The Motley Fool

Image source: Getty Images Your credit score is a rating of how likely you are to pay back money you borrow. Scores range from 300 to 850, with 670 and higher being considered good credit. You might already know about some of the consequences of a low credit score. Loans will cost you much more, because you'll be charged a higher interest rate. You also probably won't qualify for any of the best credit cards , and these are the ones that have the most benefits.

Debt 246
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Women in private equity: ‘Still a lot of work to do’ to increase talent pipeline

PE Hub

Sherrese Clarke Soares of HarbourView Equity Partners, Lauren Dillard of Vista Equity Partners, Elizabeth Weymouth of Grafine Partners, and Amanda McKenna of Withum weigh in. The post Women in private equity: ‘Still a lot of work to do’ to increase talent pipeline appeared first on PE Hub.

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Washington DC Sues Landlords, RealPage in Alleged Rent-Fixing Scheme

The Motley Fool

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. When is an algorithm an antitrust violation? Washington, DC Attorney General Brian Schwalb filed a lawsuit Tuesday against property management software maker RealPage, along with 14 commercial landlords, alleging they colluded together to raise rents artificially using RealPage software.

Legal 246
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Arlington-backed Eqlipse Technologies to acquire SR Technologies

PE Hub

The transaction is expected to close in the fourth quarter of 2023. The post Arlington-backed Eqlipse Technologies to acquire SR Technologies appeared first on PE Hub.

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Graycliff snaps up testing services provider XCEL

PE Hub

XCEL NDT's corporate office is in Longview, Texas. The post Graycliff snaps up testing services provider XCEL appeared first on PE Hub.

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Sugar Shortages Loom as Supply Gets Sticky

The Motley Fool

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. If you're still coming down off a Halloween-induced sugar high and gearing up for your next, we have some bad news for you. Logistical holdups at ports in Brazil, the world's largest producer of sugar, combined with poor sugar crops in other major sugar-producing nations, is stretching supply of the precious crystals to a

Investing 244
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Crossplane Capital-backed Viking Fence scoops up dumpster rental firm Hook-N-Haul Dumpers

PE Hub

Viking Fence is a provider of temporary site services. The post Crossplane Capital-backed Viking Fence scoops up dumpster rental firm Hook-N-Haul Dumpers appeared first on PE Hub.

Capital 204
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Sarepta Therapeutics (SRPT) Q3 2023 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Sarepta Therapeutics (NASDAQ: SRPT) Q3 2023 Earnings Call Nov 01, 2023 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, and welcome to the Sarepta Therapeutics third-quarter 2023 earnings call. [Operator instructions] Please be advised that today's conference is being recorded.

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Morgan Stanley Tactical Value and music publisher Kobalt form partnership to acquire music copyrights

PE Hub

As part of the venture, Kobalt will manage the creative, synch, licensing, administration, and investment services for the copyrights. The post Morgan Stanley Tactical Value and music publisher Kobalt form partnership to acquire music copyrights appeared first on PE Hub.

Investing 196
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DXC Technology (DXC) Q2 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. DXC Technology (NYSE: DXC) Q2 2024 Earnings Call Nov 01, 2023 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Thank you. Good afternoon, everybody. I'm pleased that you're joining us for DXC Technology's second quarter fiscal year 2024 earnings call. Our speakers on the call today will be Mike Salvino, chairman, president and CEO and Rob Del Bene, our EVP and CFO.

Resale 187
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WCAS taps Callahan as operating partner

PE Hub

Before joining WCAS, Callahan served as chief operating officer of Twill. The post WCAS taps Callahan as operating partner appeared first on PE Hub.

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Roku (ROKU) Q3 2023 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Roku (NASDAQ: ROKU) Q3 2023 Earnings Call Nov 01, 2023 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and thank you for standing by. Welcome to the Roku third quarter 2023 earnings conference call. At this time, all participants are in a listen-only mode.

Banks 173
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TJC completes acquisition of DuPont’s Delrin business

PE Hub

At close, DuPont will receive pre-tax cash proceeds of approximately $1.28 billion. The post TJC completes acquisition of DuPont’s Delrin business appeared first on PE Hub.

Taxes 193
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The Fed Is Pausing Interest Rate Hikes Yet Again. Here's What That Means for You

The Motley Fool

Image source: Getty Images The Federal Reserve has been intent on cooling inflation. The central bank has long maintained that an annual rate of 2% inflation is optimal for a stable economy. With levels surging well beyond that in 2022, the Fed had to take action by implementing interest rate hikes. And since March of 2022, it's raised its benchmark interest rate 11 times.

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MidOcean Partners-backed Cloyes snaps up Rotomaster

PE Hub

Rotomaster is a turbocharger and component specialist with headquarters in Vancouver. The post MidOcean Partners-backed Cloyes snaps up Rotomaster appeared first on PE Hub.

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BlackRock study finds gender-balanced companies outperform peers

Financial Times: Moral Money

World’s largest asset manager publishes report as critics attack ESG factors in investing

Companies 145
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Greenbelt-led investor group buys Saber Power Services

PE Hub

The seller was Oaktree Capital Management. The post Greenbelt-led investor group buys Saber Power Services appeared first on PE Hub.

Investors 186
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Brookfield-led ‘final’ bid for Australian energy giant rebuffed by largest shareholder

Financial Times M&A

$12.

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PE firms with fresh capital eye debt-pressured sellers in 2024; firms build up operating partner groups in slowdown

PE Hub

Garnett Station and WCAS name operating partners. The post PE firms with fresh capital eye debt-pressured sellers in 2024; firms build up operating partner groups in slowdown appeared first on PE Hub.

Debt 181
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Why Extreme Networks Stock Fell 13% Today

The Motley Fool

Shares of Extreme Networks (NASDAQ: EXTR) had a bad day on Wednesday. The maker of cloud-based networking solutions posted robust results for the first quarter of fiscal year 2024, ended Sept. 30, but with next-quarter guidance far below Wall Street's consensus views. Extreme's stock fell as much as 20.5% on the news, closing Wednesday's trading at a 13.4% loss.

Investors 130
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Equilibrium and Butterfly back striped bass producer Pacifico Aquaculture

PE Hub

This funding will be used to fully finance Pacifico’s nursery facility in Baja, California and provide a substantial runway to scale its production capacity. The post Equilibrium and Butterfly back striped bass producer Pacifico Aquaculture appeared first on PE Hub.

Finance 180
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Here's Why PayPal Stock Dropped Another 11% Last Month

The Motley Fool

Shares of PayPal Holdings (NASDAQ: PYPL) dropped 11.4% in October, according to data provided by S&P Global Market Intelligence. It feels like the downtrend will never end. As of this writing, PayPal stock is down 27% year to date after falling 63% in 2022. Judging by the returns of the Global X FinTech ETF , it seems investors aren't keen on fintech stocks right now in general, which doesn't help PayPal stock.

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Apollo-backed Great Bay Renewables closes C$247m credit facility

PE Hub

Apollo in 2020 invested $80 million in Great Bay Renewables, giving the firm a 50 percent stake. The post Apollo-backed Great Bay Renewables closes C$247m credit facility appeared first on PE Hub.

Stakes 175
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Roku: We've Seen a "Solid Rebound in Video Ads"

The Motley Fool

2023 has been a year of recovery for streaming TV platform company Roku (NASDAQ: ROKU). That trend continued in the third quarter, the company revealed in its earnings report on Thursday. After posting 1% year-over-year revenue growth in Q1, growth accelerated to 11% growth in Q2 and then to 20% in Q3. "We had a solid rebound in video ads in Q3 and we expect the YoY growth rate of video ads in Q4 to be similar," Roku told investors in its third-quarter shareholder letter.

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EagleTree buys travel and tourism marketing agency MMGY Global

PE Hub

The sellers include Peninsula Capital. The post EagleTree buys travel and tourism marketing agency MMGY Global appeared first on PE Hub.

Capital 169
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Super Micro Computer and Qualcomm Both Beat Earnings Expectations -- a Good Sign for Nvidia Stock Investors?

The Motley Fool

In today's video, I discuss recent updates impacting Super Micro Computer (NASDAQ: SMCI) and Qualcomm (NASDAQ: QCOM). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Nov. 1, 2023. The video was published on Nov. 1, 2023. 10 stocks we like better than Super Micro Computer When our analyst team has a stock tip, it can pay to listen.

Investors 130
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TDR Capital Completes £2bn Deal to Bring Asda and EG Group Together

Private Equity Insights

Asda Group today announces it has completed the acquisition of EG Group’s UK business for an enterprise value of £2.07bn – accelerating its growth in convenience and foodservice, bringing Asda’s value pricing closer to millions of customers. Asda and petrol forecourt operator EG Group are both owned by the billionaire Issa brothers and private equity group TDR Capital.

Capital 130
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You Won't Get Rich by Putting Money in Savings. Do This Instead

The Motley Fool

Image source: Getty Images Some high-yield savings accounts are currently paying around 4.00% or 5.00%, but this is an unusually high rate. That's due to current economic conditions as the Federal Reserve has repeatedly raised rates to fight inflation caused by COVID-19. In general, most savings accounts in recent years have paid under 2.00%, and many still do.

Taxes 130
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Thoma Bravo-backed Adenza Acquired by Nasdaq for $10.5bn

Private Equity Insights

Nasdaq Inc. completed its biggest ever acquisition, adding software provider Adenza to help transform the trading and markets firm into a full-fledged financial-services company. The exchange, which agreed to buy Adenza from Thoma Bravo for $10.5bn in June, will fold Adenza’s management and sales team into a newly formed financial-technology division, the company said in a statement Wednesday.

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Why Wingstop Stock Soared Nearly 8% Higher Today

The Motley Fool

Specialty restaurant chain operator Wingstop (NASDAQ: WING) took flight on the stock exchange Wednesday, rising almost 8% higher in price. This was understandable, given that the company published a set of quarterly results that were eminently satisfying. That share price pop easily topped the S&P 500 index's 1% gain. Wingstop notched a monster beat on adjusted net income For its third quarter, Wingstop booked $117 million in revenue.

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GCM Grosvenor Closes $882m Infrastructure Fund

Private Equity Insights

GCM Grosvenor has successfully closed its CIS III fund with committed capital of $882m, marking a 37% increase from the previous CIS II fund. This latest close has propelled the firm’s total infrastructure fundraising to an impressive $7.8bn since 2021. The Chicago-based global investment and advisory firm manages approximately $13bn in infrastructure assets as of the second quarter of 2023, and around $76bn in total assets under management across various investment strategies including pr

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Why Cedar Fair Stock Was a Winner on Wednesday

The Motley Fool

Like a roller coaster in a rush to climb a track, theme park operator Cedar Fair 's (NYSE: FUN) stock quickly rose high on Hump Day. Investors were excited about a potential merger with a near-equal, and that feeling propelled the shares to an almost 6% price gain on the day. The hot rumor is that Cedar Fair and Six Flags will become one An article published that day in The Wall Street Journal , citing unnamed "people familiar with the matter," stated that Cedar Fair is about to close a deal to