Tue.Oct 31, 2023

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Failure to plan for an IPO is planning to fail

PE Hub

With a new year just around the corner and the economy bracing for the Presidential election, those looking to IPO by Q4 2024 must prepare now. The post Failure to plan for an IPO is planning to fail appeared first on PE Hub.

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Advanced Micro Devices (AMD) Q3 2023 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Advanced Micro Devices (NASDAQ: AMD) Q3 2023 Earnings Call Oct 31, 2023 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the AMD third quarter 2023 earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation.

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Percheron Capital snaps up foundation repair firm SafeBasements

PE Hub

In conjunction with the deal, Deb Dulsky has been named as CEO of SafeBasements. The post Percheron Capital snaps up foundation repair firm SafeBasements appeared first on PE Hub.

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What Happens if You Don't Insure Your Home for the Full Value?

The Motley Fool

Image source: Getty Images When buying homeowners insurance , property owners must decide on their policy limits. In most cases, it makes sense to buy a policy that provides coverage for the full replacement value of the house. That's what it would cost to rebuild. Sometimes, homeowners don't do that, though. They may choose a policy with a lower limit.

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Madison Dearborn scoops up fluid systems provider Shaw Development

PE Hub

The seller is Monomoy Capital Partners. The post Madison Dearborn scoops up fluid systems provider Shaw Development appeared first on PE Hub.

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How Much Would a $5,000 Credit Card Balance Cost if You Only Paid the Minimum?

The Motley Fool

Image source: Getty Images Credit cards can be a great way to buy things. Unlike when you pay out of your checking account , you can get all kinds of perks for using a credit card -- such as extended warranties and rewards that give you points, miles, or cash back. What you don't want to do, though, is carry a balance on your credit card. You'll want to pay the card off in full when your statement is due so you don't get stuck paying credit card interest.

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Will Artificial Intelligence Be Amazon's Next Growth Driver? These 7 Words From Andy Jassy Answer the Question.

The Motley Fool

Amazon (NASDAQ: AMZN) is a top player in the two high-growth markets of e-commerce and cloud computing, and they've helped the company generate billions of dollars in annual earnings. They've also attracted investors, pushing Amazon's market value beyond $1 trillion. Considering the company's dominance in the e-commerce and cloud areas, you can expect them to be central to the next chapters of the Amazon story.

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Court Square-backed Offen Petroleum buys W. Douglass Distributing’s wholesale business

PE Hub

Based in Sherman, Texas, Douglass is a propane, lubricant, and wholesale and commercial fuel business. The post Court Square-backed Offen Petroleum buys W. Douglass Distributing’s wholesale business appeared first on PE Hub.

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Why Redfin, Opendoor, and Zillow Plunged Today

The Motley Fool

Shares of real estate digital brokerage platforms Redfin (NASDAQ: RDFN) , Opendoor (NASDAQ: OPEN) , and Zillow Group (NASDAQ: Z) were all down heavily today, plunging 5.7%, 9%, and 7%, respectively, on the day. The fall across the digital brokerages was likely due to the same factor. Today, a federal jury found the National Association of Realtors (NAR) and other large Midwestern residential brokerages liable for conspiring to keep commissions high, awarding the plaintiffs $1.785 billion in dama

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Princeton Equity Group invests in hydraulic hose repair franchisor Pirtek

PE Hub

Pirtek was founded in 1998 and then re-acquired by the Duncan family in 2014. The post Princeton Equity Group invests in hydraulic hose repair franchisor Pirtek appeared first on PE Hub.

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Pfizer (PFE) Q3 2023 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Pfizer (NYSE: PFE) Q3 2023 Earnings Call Oct 31, 2023 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, everyone, and welcome to Pfizer's third quarter 2023 earnings conference call. Today's call is being recorded. At this time, I would like to turn the call over to Francesca DeMartino, chief investor relations officer and senior vice president.

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Boyne Capital invests in film manufacturer ProFusion

PE Hub

Alex Williamson serves as CEO of ProFusion. The post Boyne Capital invests in film manufacturer ProFusion appeared first on PE Hub.

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KKR Closes $1.62bn Acquisition of Simon & Schuster

Private Equity Insights

Global investment firm KKR has successfully completed the previously announced acquisition of Simon & Schuster from Paramount Global in a $1.62bn (£1.33bn) all-cash transaction. Simon & Schuster is now a standalone private company, and the only independent major trade publisher in the US. It continues to be led by president and c.e.o. Jonathan Karp and his executive team.

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Teleo Capital-backed Wellcover buys healthcare software firm AssuriCare

PE Hub

Wellcove is an administrator of senior market and eldercare programs. The post Teleo Capital-backed Wellcover buys healthcare software firm AssuriCare appeared first on PE Hub.

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Energy Exemplar to be Acquired by Blackstone and Vista Equity Partners

Blackstone News

Investment will help accelerate growth and drive platform innovation to support grid reliability and the energy transition SALT LAKE CITY, Utah, October 31, 2023 – Energy Exemplar , a leading global provider of energy market simulation software, today announced it has agreed to be acquired by private equity funds affiliated with Blackstone (”Blackstone”) and Vista Equity Partners (“Vista”).

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Blackstone and Vista Equity to buy software firm Energy Exemplar

PE Hub

The seller is The Riverside Company. The post Blackstone and Vista Equity to buy software firm Energy Exemplar appeared first on PE Hub.

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Complacency in the U.S. Economy

A Wealth of Common Sense

The Misery Index was created by Arthur Oken, an economist who worked for the Johnson administration in the 1960s. It’s supposed to measure how citizens are doing economically by adding up the unemployment rate and the inflation rate. Here’s the data going back to the late-1940s: It may come as a surprise to some people that we’re actually below average right now.

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American Securities to sell medical components maker Paragon Medical to AMETEK

PE Hub

The deal is valued at about $1.9 billion. The post American Securities to sell medical components maker Paragon Medical to AMETEK appeared first on PE Hub.

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OpenAI/Microsoft: does ChatGPT maker’s future lie in acquisition?

Financial Times M&A

Although Microsoft extended its partnership with the chatbot creator, the two companies are also competitors

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Kirsch joins Star Mountain Capital as senior advisor

PE Hub

Most recently, he was global chief investment officer at Aflac Inc. The post Kirsch joins Star Mountain Capital as senior advisor appeared first on PE Hub.

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A Behind-the-Scenes Look With Motley Fool Co-Founder Tom Gardner

The Motley Fool

In this podcast, Motley Fool co-founder Tom Gardner talks about: His top starter stock picks and how Motley Fool recommendations are made. Five CEOs he thinks could run The Motley Fool. What he's learned from past investing wins (and misses). To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.

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Blue Owl to buy Cowen Healthcare; Comvest and Monomoy make exits

PE Hub

Blue Owl is buying Cowen Healthcare Investments. The post Blue Owl to buy Cowen Healthcare; Comvest and Monomoy make exits appeared first on PE Hub.

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2 Underrated Stocks That Are Screaming Buys in October

The Motley Fool

October is winding down. I'm expecting the doorbell to work overtime tonight as the trick-or-treaters plead for candy. But first, let's look at a couple of great investment ideas. The stock market is trending down again amid mixed signals from recent economy reports, with the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) dropping nearly 10% from the 52-week highs of mid-July.

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KKR completes acquisition of book publishing giant Simon & Schuster for $1.62bn

PE Hub

The seller was Paramount Global. The post KKR completes acquisition of book publishing giant Simon & Schuster for $1.62bn appeared first on PE Hub.

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7 Gifts for the Costco Superfan in Your Life

The Motley Fool

Image source: Getty Images I recently learned the term "Costco Superfan." Apparently, there are people so enamored with Costco that they travel the country, visiting Costco stores. And then there are those who drop into their local Costco warehouse as often as possible. It's impossible to know if it's because they believe shopping at Costco helps preserve their checking account balance or if they simply enjoy the experience.

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MDP-backed Navacord adds Unity Managing Underwriters

PE Hub

Unity Managing Underwriters provides creditor, life, disability and extended warranty products for personal and commercial vehicles. The post MDP-backed Navacord adds Unity Managing Underwriters appeared first on PE Hub.

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Why Otter Tail Stock Popped 14.8% Today

The Motley Fool

Shares of Otter Tail (NASDAQ: OTTR) jumped by as much as 14.8% in trading on Tuesday after the electric utility and manufacturing company reported its third-quarter financial results. Shares were still up 9.8% as of 3:00 p.m. ET. Otter Tail's big quarter Revenue was down 7% in the quarter to $358 million as plastics segment revenue dropped 10.7%. But net income jumped 9% to $92 million, or $2.19 per share, and even plastics net income was up 5.7%.

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Insight Partners-backed AMCS acquires VC-backed FigBytes

PE Hub

Based in Ottawa, FigBytes is software-as-a-service provider for ESG and sustainability management. The post Insight Partners-backed AMCS acquires VC-backed FigBytes appeared first on PE Hub.

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Doing Employee Performance Reviews Now, and Not in December, Could Benefit Your Business. Here's Why

The Motley Fool

Image source: Getty Images Performance reviews have long been a mainstay in the world of businesses large and small. And while some human resource professionals might argue that they're nothing more than a waste of time, it's also easy to see why these exercises offer value. For one thing, a performance review can help employees build on their strengths and work on their weaknesses.

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Blackstone, Vista Equity Team Up to Acquire Energy Exemplar for $1bn+

Private Equity Insights

Blackstone and Vista Equity Partners have agreed to acquire Australia’s Energy Exemplar, a provider of energy market software, for more than $1bn, according to people familiar with the matter. The deal represents a bet on energy transition, as power utilities, grid operators and renewable energy developers turn to simulation software to fine-tune use of production capacity and maximize efficiencies.

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How to Invest for the First Time in Your 20s

The Motley Fool

Image source: Getty Images Many people don't start investing -- for retirement or otherwise -- until their 30s or beyond. And that's understandable. When you're in your 20s, you may be living on an entry-level salary that isn't much to write home about. You might also be grappling with a world of expenses, like lingering credit card debt from college.

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KKR Targeting Up to $2.5bn for Second Asia Real Estate Fund

Private Equity Insights

KKR & Co. is raising a second Asia real estate fund, targeting $2bn to $2.5bn to spend across the region, according to people familiar with the matter. The new fund has amassed about $600m since late 2022, and the US investment firm is seeking to finish fundraising by the end of 2024 to early 2025, said the people, who asked not to be identified as the matter is private.

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Why Ardelyx Stock Soared Today

The Motley Fool

Shares of Ardelyx (NASDAQ: ARDX) were up 9.5% as of 3:47 p.m. after the biotech company announced better-than-expected third-quarter 2023 results. Ardelyx's quarterly revenue skyrocketed to $56.4 million from just under $5 million in the same year-ago period. That translated to generally accepted accounting principles (GAAP) net income of $6.6 million, or $0.03 per share, swinging from a loss of $0.14 per share in last year's Q3.

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Aterian Closes Continuation Fund for Vander-Bend

Private Equity Professional

Aterian Investment Partners has closed Aterian Opportunities II LP (AO Fund II), a new single asset continuation vehicle with capital commitments of $460 million. AO Fund II’s capital will be used to purchase Vander-Bend Manufacturing from Aterian’s second fund which closed in December 2013 with $257 million of capital; and to provide an incremental $90… This content is for members only.

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