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OpenAI has added Adebayo Ogunlesi, CEO of Global Infrastructure Partners, to its board. Ogunlesi will help the company secure the infrastructure needed to advance artificial intelligence development. GIP, a private equity firm managing over $100bn in assets, owns stakes in Gatwick Airport and offshore wind projects. AI requires large-scale computational infrastructure like specialised data centres.
The stock market was having a generally strong day on Wednesday, with the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) up by 1.7% and 2.3%, respectively, as of 10:30 a.m. ET. However, several financial technology, or fintech , stocks were spiking much higher. Lending technology platform Upstart (NASDAQ: UPST) was higher by 12%, innovative brokerage app provider Robinhood (NASDAQ: HOOD) gained nearly 10%, and real estate technology platform Opendoor (NASDAQ: OPEN) was u
London IPO market looks to bounce back with prominent listings in 2025. The London Stock Exchange will potentially rebound in 2025 following a difficult 2024, where IPO activity hit its lowest levels since the financial crisis. A range of high-profile companies from diverse sectors is considering listing in London. This signals renewed investor interest and government efforts to reinvigorate the UKs capital markets.
XRP (CRYPTO: XRP) is posting big gains in Wednesday's trading. The cryptocurrency was up 12.6% over the previous 24 hours of trading as of 11:30 a.m. ET. Meanwhile, Bitcoin was up 3%, and Ethereum was up 4.4%. XRP is surging today due to the arrival of a key deadline in a legal case brought by the Securities and Exchange Commission ( SEC ) against Ripple Labs -- the company that created the cryptocurrency.
Global private equity and venture capital deal activity saw a 24.7% increase in value in 2024, reaching $639bn, according to S&P Global Market Intelligence. This growth comes despite a 6.5% decline in the volume of transactions, reflecting rising valuations and strategic investments in key sectors. While the 2024 figures represent a rebound from 2023, they remain below the highs of 2021, when deal value peaked at $1.17tn.
Shares of Intel (NASDAQ: INTC) plunged 60.1% lower in 2024, according to data from S&P Global Market Intelligence. The semiconductor veteran ran into many issues last year, and the string of bad luck started many years ago. Complicating the picture even further, Intel is in the middle of an ambitious, costly, and difficult strategy shift. Intel's rough ride Intel's business performance was a mixed bag in 2024.
Hellas Verona, a Serie A football club, has been acquired by Presidio Investors, a private equity firm based in Texas. The firm has purchased 100% of the club from its long-standing owner, Maurizio Setti. This acquisition makes Hellas Verona the ninth club in Serie A under North American ownership. Italo Zanzi, the club’s incoming executive chairman and a former Roma executive, expressed his enthusiasm for the new chapter. “It is a profound honour to join Hellas Verona, a club that e
Lion Equity Partners has acquired Global Compression Services from Warren Equipment Company , a Texas-based provider of heavy equipment and support services. Global Compression Services (GCS) is a distributor of original equipment manufacturer (OEM) and aftermarket parts and components for reciprocating natural gas engines and compressors. The company also manufactures specific components and provides a range of specialized services, including technical support, consultation, repair, and mainten
Lion Equity Partners has acquired Global Compression Services from Warren Equipment Company , a Texas-based provider of heavy equipment and support services. Global Compression Services (GCS) is a distributor of original equipment manufacturer (OEM) and aftermarket parts and components for reciprocating natural gas engines and compressors. The company also manufactures specific components and provides a range of specialized services, including technical support, consultation, repair, and mainten
Providence Equity Partners is considering the sale of CloserStill Media, a UK-based events business, in a deal that could exceed 1bn. Sources indicate that discussions are in early stages and no final decisions have been made. The transaction would be the latest in a wave of deal activity within the events sector. CloserStill Media is a leading organiser of conferences across business technology, infrastructure, transportation, and healthcare industries.
Harbour Group has acquired Senproco and its wholesale distribution division, Groomer’s Choice Pet Products. Senproco and Groomers Choice (together Senproco) manufacture and distribute a range of pet grooming products and related supplies used by thousands of professional pet groomers. The companys products include shampoos, conditioners, sprays, colognes, bathing equipment, and grooming tools, as well as pet apparel, toys, and treats.
Goldman Sachs unveiled its Capital Solutions Group, a new division aimed at strengthening its focus on financing solutions for private equity sponsors. The group combines the firms corporate finance, leveraged finance, and equity capital markets teams into one unit. The new group aims to provide tailored solutions for private equity firms. These include innovative financing options across debt, equity, and hybrid instruments.
Goldman Sachs Groups private equity arm is close to finalising a deal to acquire Danish telematics company Trackunit, according to a report by Bloomberg sources familiar with the matter. The Goldman unit is in advanced discussions with Trackunits current owner, buyout firm Hg, about a transaction that could value the company at over $1bn, the sources said, requesting anonymity due to the confidential nature of the talks.
New Forests, a global sustainable investment manager, has raised 410m in the first close of its latest fund, focused on climate and forestry initiatives. The fund, supported by European investors such as pension funds, insurers, and family offices, aims to reach a final target of 600m. The fund will invest in sustainable forestry projects across Europe, including reforestation, forest conservation, and carbon credit programmes.
Private equity firm Providence Equity Partners is considering selling CloserStill, a UK-based events company, later this year, as the events sector experiences a surge in dealmaking post-pandemic, according to a report by the Financial Times. Providence, which acquired CloserStill in 2018, is in the early stages of evaluating a potential sale that could value the company at over 1bn, according to sources familiar with the discussions.
Hildred Capital Management closed its third fund, Hildred Equity Partners III, raising over $800m. The fund, which surpassed its $600m target and reached its hard cap in seven months, is more than double the size of its predecessor, which closed in 2021 with $363m. The fund received backing from a diverse range of investors, including public pension plans, financial institutions, endowments, private wealth platforms, family offices, and high-net-worth individuals.
The second year of Wall Street's bull market rally didn't disappoint. Although all three major stock indexes climbed to numerous record-closing highs throughout 2024, it's growth stocks that continued to lead the charge. The Nasdaq-100 , which is comprised of 100 of the largest non-financial public companies listed on the Nasdaq stock exchange, gained 25% last year and 92%, in aggregate, over the two-year period between the start of 2023 and end of 2024.
Reown, a NYC-based provider of an onchain UX platform, raised $13M in Series B funding. The round was led by USV and 1kx and also included Global Digital Asset Holdings, Shopify Ventures, Kraken Ventures, Crypto.com Capital, Figment, Kiln, Everstake, BitGo Ventures, and Fenbushi. The company intends to use the funds to further develop its onchain […] The post Reown Raises $13M in Series B Funding appeared first on FinSMEs.
High-yielding dividend stocks can provide investors with some mouthwatering payouts that appear too good to pass up. Medical Properties Trust (NYSE: MPW) is a real estate investment trust (REIT) that offers investors an incredibly high yield of 8.4% today -- that's more than six times the S&P 500 average of 1.3%. At such a high payout, you would only need to invest about $11,900 to expect to collect $1,000 in dividends over the course of an entire year.
At the Money: Lessons in Allocating to Alternative Asset Classes. (January, 15, 2025) Hedge funds, venture capital, private equity, and private credit have never been more popular. Investors have lots of questions when allocating to these asset classes: How much capital do you need? What percentage of your portfolio should be allocated? Full transcript below. ~~~ About this week’s guest: Ted Seides is founder and CIO of Capital Allocators , and learned about alts working under the legendar
There's going to be a new nameplate before long on a C-suite door of candy company Hershey (NYSE: HSY). Just after market hours last Friday -- considered by many public relations professionals to be a suitable time slot to release bad news -- it announced that CEO Michele Buck will exit the company. This was an unexpected development. After all, Buck has been at Hershey for nearly 20 years, and CEOs at the conservatively managed company tend to stay for a while (Buck herself began her tenure in
Be Bio, a Cambridge, MA-based company which specializes in B Cell Medicines (BCMs), raised $92M in Series C funding. The round was led by Nextech with existing investors including ARCH Venture Partners, Atlas Venture, RA Capital Management, Alta Partners, Longwood Fund, Bristol Myers Squibb, and Takeda Ventures, among others. In conjunction with the financing, Melissa […] The post Be Bio Closes $92M Series C Financing appeared first on FinSMEs.
Jensen Huang, co-founder and CEO of Nvidia (NASDAQ: NVDA) , has been right about a lot of things. After all, you don't lead a business to generate revenue of more than $100 billion annually unless you've made some prescient decisions. But when it comes to assessing the quantum computing development timeline, the CEO of D-Wave Quantum (NYSE: QBTS) , Dr.
Nelly, a Berlin, Germany-based health and fintech company, raised 50M in funding. The round was led by Cathay Innovation along with Notion Capital as well as existing investors b2venture, Lakestar, Motive Ventures, and arc investors. The company intends to use the funds to accelerate the digitalization of the European healthcare sector. Founded in 2021 by […] The post Nelly Raises 50M Series B Funding appeared first on FinSMEs.
The term "Magnificent Seven" was coined by Wall Street in 2023 to describe a group of seven American technology stocks that consistently outperformed the rest of the market. The group remained a dominant force in 2024, delivering an average return of 60.1% for the year: Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
qbid AI, a Tel Aviv, Israel-based AI company which specializes in automating architectural planning, raised $16M in Series A funding. The round was led by Insight Partners with participation from JLL Spark, 10D, Ocean Azul, Random Forest and M-Fund. The company intends to use the funds to expand operations and its development efforts. Founded by […] The post qbiq AI Raises $16M in Series A Funding appeared first on FinSMEs.
Social Security is one of the most important social programs for older Americans, with roughly 90% of those age 65 and older collecting benefits, according to 2024 data from the Social Security Administration. But the cost of living has changed significantly over time, and today's benefits look much different than in 1984. Social Security benefits have been steadily increasing The Social Security Administration introduced cost-of-living adjustments (COLAs) in 1975 to help benefits maintain their
Kering, the luxury group behind Gucci and Saint Laurent, has sold 60% of its stakes in three prime Paris properties to French private equity firm Ardian for 837m. The properties, located in Place Vendme and Avenue Montaigne, house flagship stores for Balenciaga, Valentino, and Boucheron. Kering will retain 40% ownership and secure its brands continued presence in the spaces.
Image source: The Motley Fool. Wells Fargo (NYSE: WFC) Q4 2024 Earnings Call Jan 15, 2025 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome, and thank you for joining the Wells Fargo fourth-quarter 2024 earnings conference call. All lines have been placed on mute to prevent any background noise.
IFM Investors has acquired a 49% stake in Splend, a $200m startup providing vehicle financing solutions for rideshare drivers. The investment aims to fuel Splends growth, enabling the company to expand its platform and fleet while strengthening its presence in key markets. Founded in Australia, Splend offers flexible financing options tailored to the needs of rideshare drivers.
Shares of biotech Summit Therapeutics (NASDAQ: SMMT) skyrocketed 583.7% in 2024, according to data from S&P Global Market Intelligence. Summit was an early-stage biotechnology stock heading into the year, but the company graduated to a higher class in 2024 following promising trial results for Ivonescimab, its monoclonal antibody drug for lung cancer.
Granata Bio Corporation, a Boston, MA-based biopharma company, raised $15M in Series A+ funding. The round saw participation from Gedeon Richter, CooperSurgical, Amboy Street Ventures, and other strategic investors. The company intends to use the funds to support its efforts to progress its existing pipeline and explore new innovative assets in reproductive health.
The intersection of artificial intelligence (AI) and cryptocurrency is leading to some intriguing new investment opportunities for 2025, including a few that could potentially become billion-dollar opportunities. Currently, the one investment opportunity that has everyone's attention involves AI agents. Broadly speaking, these AI agents are similar to the ones being launched by major tech companies, but with a crypto and blockchain twist.
Alleviant Medical, Inc.,an Austin, TX-based medical device company developing a no-implant atrial shunt for heart failure, raised $90m in financing. Led by Gilde Healthcare, the round also adds Omega Funds and includes participation from existing shareholders S3 Ventures, RiverVest Venture Partners, Vensana Capital, Longview Ventures, Gilmartin Capital, TMC Venture Fund, and undisclosed strategic investors.
After 24 consecutive annual dividend increases, W.P. Carey (NYSE: WPC) did something that seemed unthinkable -- it cut its dividend by 20%. That decision, which was made in 2023 but impacted the first dividend in 2024, has resulted in dividend investors avoiding this net lease real estate investment trust (REIT). That could be a buying opportunity if you have $1,000 or $100,000 to invest right now.
MicroStrategy (NASDAQ: MSTR) continues buying Bitcoin as it looks to raise more capital from investors. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free *Stock prices used were the afternoon prices of Jan. 12, 2025. The video was published on Jan. 14, 2025. Should you invest $1,000 in MicroStrategy right now?
Thrive, a Foxborough, MA-based provider of cybersecurity, cloud, and IT managed services, received a strategic investment from Berkshire Partners and Court Square Capital Partners. The amount of the deal was not disclosed. The company intends to use the funds to expand operations and its development efforts. Led by CEO Rob Stephenson, Thrive is an IT […] The post Thrive Receives Strategic Investment from Berkshire Partners and Court Square Capital Partners appeared first on FinSMEs.
In 2022 and 2023, rising interest rates drove many income investors from dividend stocks toward low-risk CDs, T-bills, and bonds. That trend caused many dividend-paying stocks and exchange-traded funds ( ETFs ) to lose their luster. However, the Federal Reserve cut its benchmark rates three times in 2024 and is planning for at least two more rate cuts in 2025.
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