The Motley Fool
OCTOBER 18, 2023
Tesla (NASDAQ: TSLA) stock is down 3% in after-hours trading on Wednesday as of 6:13 p.m. ET, following the electric-vehicle (EV) pioneer's release of its third-quarter 2023 results. The stock's decline is largely attributable to the fact that the quarter's revenue and earnings both missed Wall Street's consensus estimates. The following is an overview of Tesla's third quarter, centered on seven key metrics. 1.
PE Hub
OCTOBER 18, 2023
KPA is a provider of environmental health and safety and sales finance and insurance solutions. The post Providence Equity-backed KPA snaps up dealer compliance software firm ComplyNet appeared first on PE Hub.
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The Motley Fool
OCTOBER 18, 2023
Are you one of the millions of U.S. residents doing some sort of side work to supplement your regular income? Or perhaps a "gig" job is your primary source of income. Maybe you're a contractor with just one customer. Nearly half of all Americans are doing something on the side to make extra money. And it's important to understand this alternative employment doesn't exclude you from retirement savings options that most conventional corporate employees have.
PE Hub
OCTOBER 18, 2023
The purchase price was $56 per share. The post KKR acquires manufacturer Circor in take-private deal appeared first on PE Hub.
The Motley Fool
OCTOBER 18, 2023
Image source: The Motley Fool. Tesla (NASDAQ: TSLA) Q3 2023 Earnings Call Oct 18, 2023 , 5:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Elon Musk [Audio gap] ramp-up of new factories, and we believe there's still meaningful room for improvement there. Regarding Autopilot and AI, our vehicle has now driven over 0.5 billion miles with FSD beta, full self-driving beta, and that number is growing rapidly.
PE Hub
OCTOBER 18, 2023
Based in Germantown, Wisconsin, Motis Brands is a manufacturer and distributor of brands. The post Prospect Hill-backed Motis Brands scoops up Cargo Equipment Corporation 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
OCTOBER 18, 2023
Headquartered in Mountville, Pennsylvania, AHF operates 12 manufacturing plants. The post Paceline-backed AHF Products scoops up porcelain tile manufacturer Crossville appeared first on PE Hub.
The Motley Fool
OCTOBER 18, 2023
Image source: Getty Images Many people shop at Costco regularly and marvel at the savings involved. Costco shopping can leave you with more cash to add to your savings account. But have you ever wondered what it would be like to work at a Costco warehouse club store? On the one hand, working at Costco could mean spending a lot of the day on your feet.
PE Hub
OCTOBER 18, 2023
The purchase price was $3.2 million. The post Prudent Growth Partners buys Florida shopping mall Wells Landing appeared first on PE Hub.
The Motley Fool
OCTOBER 18, 2023
In today's video, I discuss recent updates impacting Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Oct. 17, 2023. The video was published on Oct. 17, 2023. 10 stocks we like better than Advanced Micro Devices When our analyst team has a stock tip, it can pay to listen.
PE Hub
OCTOBER 18, 2023
Many private equity firms have begun using ChatGPT and generative AI. The post BlueFlame launches generative AI platform for alternative assets industry appeared first on PE Hub.
The Motley Fool
OCTOBER 18, 2023
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. With violence raging in Eastern Europe and the Middle East, Chinese President Xi Jinping held a summit this week in Beijing touting his signature diplomatic initiative, the trillion-dollar Belt and Road Initiative (BRI), as a pathway toward global unity.
PE Hub
OCTOBER 18, 2023
Chad Brown, president of Brown's Medical Imaging, will continue to lead the company. The post ASC picks up Brown’s Medical Imaging appeared first on PE Hub.
The Motley Fool
OCTOBER 18, 2023
Image source: Getty Images I certainly haven't been shy about my intention to buy a home of my very own in 2024. One of my favorite activities is walking around my neighborhood, listening to a podcast, and dreaming about what it might be like to live in some of my favorite local houses. When a home goes on the market, I look up the Zillow listing to see how much it's going for -- and what the inside looks like.
PE Hub
OCTOBER 18, 2023
Olsen will be joining the Nicola Wealth Private Capital Team, where he will be responsible for scaling the existing private capital function and developing and growing the team. The post Robert Olsen to join Nicola Wealth as private capital vice chair appeared first on PE Hub.
The Motley Fool
OCTOBER 18, 2023
Lithium Americas Corp. (NYSE: LAC) , which focuses its efforts on mining a key element used in moden batteries, didn't produce much of a charge on Hump Day. The company's share price fell by over 10% following an analyst's recommendation change. That rate compared most unfavorably to the 1.3% dip of the S&P 500 index on the day. Lithium Americas earns a recommendation downgrade The analyst in question was Corinne Blanchard of veteran financial services company Deutsche Bank (NYSE: DB).
PE Hub
OCTOBER 18, 2023
Oakbridge Insurance Agency was formed through the combination of four insurance brokerages in 2020. The post Corsair-backed Oakbridge closed 25 acquisitions before sale to Audax appeared first on PE Hub.
The Motley Fool
OCTOBER 18, 2023
Image source: Getty Images How often have you found yourself walking down the street and a random stranger slipped you a $100 bill with no strings attached? Chances are, that's never happened. At best, these days, the most you can really hope for is to land in a pay-it-forward line where a stranger covers the cost of your coffee to go. And even then, it's questionable as to whether you're getting something for free, because the general convention is that the right thing to do is to buy a coffee
PE Hub
OCTOBER 18, 2023
Populous will continue to be led by one of its founders and global chair, Earl Santee, and its existing leadership. The post Providence invests in sports and entertainment venue architectural firm Populous Holdings appeared first on PE Hub.
Private Equity Insights
OCTOBER 18, 2023
Nexi SpA jumped as much as 19% after people with knowledge of the matter said CVC Capital Partners is in the early stages of considering a potential bid for European payments firm. The buyout group has been evaluating Nexi for some time, the people said, asking not to be identified because the information is private. Shares in Nexi hit an intraday record in early trading on Wednesday.
PE Hub
OCTOBER 18, 2023
Providence backs sports and entertainment venue architectural firm Populous Holdings. The post Corsair outlines strategy for Oakbridge Insurance exit, GenNx360 runs single-asset process on PAG appeared first on PE Hub.
Financial Times: Moral Money
OCTOBER 18, 2023
Rightwing attempt to block the adoption of new sustainability rules is voted down
PE Hub
OCTOBER 18, 2023
Torcan Lift Equipment is a North York, Ontario-based aerial lift rental company. The post Sagard PE-backed Lou-Tec picks up Torcan Lift Equipment appeared first on PE Hub.
Financial Times M&A
OCTOBER 18, 2023
Kioxia and Western Digital merger opposed by South Korean chipmaker SK Hynix
PE Hub
OCTOBER 18, 2023
In this role, he will be responsible for all aspects of credit specific operational functions and work closely with the credit leadership as the business continues to grow. The post HarbourVest recruits Teeple as managing director appeared first on PE Hub.
The Big Picture
OCTOBER 18, 2023
click for ginormous chart While I am wrapped up working on a few projects today, I wanted to share this map/chart/table showing US real estate prices relative to income. A lot of factors drive home prices — available supply, mortgage rates, inflation, salary/income growth, demand, etc. Its not as simple as many make it out to be. It has also become obvious that the big shortage of single-family homes housing prices has kept prices elevated (although there are some signs that some aspiratio
PE Hub
OCTOBER 18, 2023
In this role, Fozzard will be responsible for leading SGP’s origination efforts focused on investment opportunities in coordination with Stone-Goff’s senior deal-team professionals. The post Stone-Goff taps Fozzard as VP, business development head appeared first on PE Hub.
The Motley Fool
OCTOBER 18, 2023
Broadly speaking, higher interest rates are supposed to be beneficial to the financial sector. A handful of big banks reported sizable increases in last quarter's net interest income, for instance, thanks to the wider profit margins on loans made at elevated interest rates. However, brokerage firm Charles Schwab (NYSE: SCHW) hasn't been able to cash in on this trend.
Private Equity Insights
OCTOBER 18, 2023
Pacific Equity Partners has agreed terms to acquire lifestyle communities business Serenitas, put up for sale by investment bank Goldman Sachs earlier this year. Sources said PEP has partnered with ASX-listed Mirvac Group to buy the business, which comprises a portfolio of lifestyle communities around the country, including the Western Australian National Lifestyle Villages brand, Thyme Lifestyle Resorts and National Lifestyle Villages.
The Motley Fool
OCTOBER 18, 2023
With nothing more than a glance at the stock's recent performance, it's easy to presume the worst for Kraft Heinz (NASDAQ: KHC). Its shares are 30% below their mid-2022 peak and down nearly 70% from their 2017 high -- and knocking on the door of new 52-week lows. That's far worse than most other stocks have fared over these time frames. Still, there's a reason Warren Buffett's Berkshire Hathaway is still holding the 325.6 million shares of this food giant it's been sitting on since 2015 -- and i
Private Equity Insights
OCTOBER 18, 2023
The board of digital transformation firm Kin + Carta plc has agreed a £203m private equity takeover approach. Kelvin UK Bidco Limited, a newly formed company owned indirectly by funds advised by Apax Partners, offered 110p in cash per share, representing a premium of approximately 41% to the closing price of 78p at the close on Tuesday 17th October.
The Motley Fool
OCTOBER 18, 2023
Now that Costco Wholesale (NASDAQ: COST) is offering certain primary care services to its members, CVS Health and Walgreens Boots Alliance have a new competitor on the block. While its entry into yet another healthcare domain is unlikely to lead to a windfall overnight, it's undeniable that Costco's gargantuan scale and proven history of profitably catering to the whims of its customers imply good odds of its success in the long term.
Private Equity Insights
OCTOBER 18, 2023
CIRCOR International, Inc. (“CIRCOR” or the “Company”), one of the world’s leading providers of mission critical flow control products and services for the Industrial and Aerospace & Defense markets, today announced the successful completion of its acquisition by investment affiliates of KKR for $56.00 per share. As a result of the completion of the transaction, CIRCOR common stock has ceased trading and will no longer be listed on the New York Stock Exchange.
The Motley Fool
OCTOBER 18, 2023
Investors should focus on the long term when considering stocks they want to own. But they also can't ignore the realities of what's happening around the economy right now. Take artificial intelligence (AI) lender Upstart (NASDAQ: UPST) , for example. There are several reasons to like the stock as an investment over the next five years and beyond. But investors should pump the brakes and avoid buying the stock today.
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