The Motley Fool
JULY 22, 2024
VinFast Auto (NASDAQ: VFS) broke onto the scene as an electric vehicle (EV) company with unique potential. The Vietnamese EV maker had massive backing from its parent company and billionaire owner, a stranglehold on its home market, cheap labor costs, state-of-the-art manufacturing plants, and massive addressable markets to which it could export vehicles.
Private Equity Professional
JULY 22, 2024
CJ Pony Parts , a portfolio company of Century Park Capital Partners , has acquired American Powertrain , a provider of branded transmission kits for classic vehicles. Century Park acquired CJ Pony in April 2021. American Powertrain specializes in providing modern drivetrain technology to classic and muscle car owners, including overdrive transmission systems, hydraulic clutch kits, and a range of drivetrain-related parts.
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The Motley Fool
JULY 22, 2024
Image source: Getty Images Not long ago, I came across a Wells Fargo credit card that seemed perfectly attuned to my spending habits. It didn't have the best sign-up bonus I'd ever seen, but the card's bonus rates were high enough to elicit speculation over how much I'd earn on categories that my other cards simply haven't captured. My credit history is flawless and my FICO® Score, according to Experian, was above 800.
Private Equity Professional
JULY 22, 2024
Publicly traded Krispy Kreme has sold a majority ownership stake in Insomnia Cookies to Verlinvest and Mistral Equity Partners at an enterprise value of $350 million. According to Krispy Kreme, the $350 million valuation is more than twice the valuation of Insomnia Cookies when Krispy Kreme acquired it in 2018. Post closing, Krispy Kreme will own a 34% minority equity interest in Insomnia Cookies.
The Motley Fool
JULY 22, 2024
For nearly 60 years, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been running circles around Wall Street's major stock indexes. Since ascending to the CEO chair in the mid-1960s, he's overseen an aggregate return of greater than 5,350,000% for Berkshire's Class A shares (BRK.A), as of the closing bell on July 18. This works out to an annualized return or nearly 20% over six decades.
Private Equity Professional
JULY 22, 2024
Kingswood Capital Management has held a final close its oversubscribed and above target third fund, Kingswood Capital Opportunities Fund III LP , with total capital commitments of $1.5 billion. Kingswood began raising Fund III just 90 days ago and originally targeted $1.0 billion in total capital commitments. Limited partners in Fund III include endowments, foundations, health systems, public pension plans, family offices, funds of funds, and high-net worth individuals.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
FinSMEs
JULY 22, 2024
Trait, a Berlin, Germany-based provider of a training app, raised €1M in Seed funding. Backers included HTGF, better ventures and others. The company intends to use the funds for the further development of its AI training platform, which aims to provide a more personalized training experience for runners. Founded by Raphael Jung and Matthias Ettrich, […] The post Trait Raises €1M in Seed Funding appeared first on FinSMEs.
The Motley Fool
JULY 22, 2024
In 2016, United Launch Alliance (ULA) CEO Tory Bruno had a dream: to beat SpaceX on launch prices -- or at least come close. Eight years ago, the former Lockheed Martin (NYSE: LMT) executive announced ULA's plan to develop a new rocket that would launch for less than $100 million and put the company within a stone's throw of SpaceX's then-current $61 million launch price.
FinSMEs
JULY 22, 2024
Endless Health, an Austin, TX-based end-to-end at-home testing and preventive medicine company, raised $4.5M in Seed funding. The round was led by Next Coast Ventures, which was an early investor, and Asset Management Ventures. Antler Elevate also increased their investment. The company intends to use the funds to expand operations and its business reach.
The Motley Fool
JULY 22, 2024
Inflation has certainly cooled off from its 2022 peak, but it isn't gone. As a result, Social Security beneficiaries can expect a significant cost-of-living adjustment, or COLA, to increase their benefits in 2025. However, there's more to the story. In this video, I'll discuss two big reasons the COLA might not be enough for retirees to keep up with the cost of living.
FinSMEs
JULY 22, 2024
Digital First AI, a Kraków, Poland-based marketing tech company, raised €3.5m in funding. The round was led by 4growth VC, with participation from Plug&Play and Sher Ventures, Hub71, and the owners of creative agency McCANN Poland. The company intends to use the funds to expand operations, its development efforts and business reach. Founded in 2021 […] The post Digital First AI Raises €3.5M in Funding appeared first on FinSMEs.
The Motley Fool
JULY 22, 2024
Image source: The Motley Fool/Upsplash Mortgage refinancing activity recently jumped to a two-year high, according to data from the Mortgage Bankers Association. While demand for refinancing is still well below where it was in 2020 and 2021, it is 37% higher than it was a year ago, indicating that many people are finding it worthwhile to refinance their home loans.
FinSMEs
JULY 22, 2024
Cell BioEngines, a NYC-based company researching stem cells in order to develop new cell therapies, raised additional $2M in funding. The round consisted of $1.75M from SOSV and the Partnership Fund, and $0.25M from Empire State Development’s NY Ventures, the state’s venture capital arm through the Pre-Seed and Seed Matching Fund Program. The company intends […] The post Cell BioEngines Raises Additional $2M in Funding appeared first on FinSMEs.
The Motley Fool
JULY 22, 2024
Nvidia is significantly larger than almost every company in the world. However, that doesn't mean it will necessarily stay that way. A lot can happen over five years, and I think two companies will pass Nvidia in size over the next five years: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN). Both happen to be involved in artificial intelligence (AI) as well, and I think they make for better buys than Nvidia right now.
FinSMEs
JULY 22, 2024
Onego Bio, a Helsinki, Finland-based precision fermentation company, secured €14M in new funding from the European Innovation Council (EIC) Accelerator Program and additional Series A investors. The newly gained EIC funding will accelerate the company’s go-to-market plan also in the EU, including securing regulatory approval from the European Food Safety Authority (EFSA).
The Motley Fool
JULY 22, 2024
Social Security serves as a financial lifeline for millions of retired seniors today. Even retirees with savings often depend heavily on those benefits to cover their ongoing expenses. So it stands to reason that each year, beneficiaries are eager to get the most generous cost-of-living adjustment (COLA) possible. The purpose of COLAs is to help Social Security recipients maintain their buying power as inflation drives living costs upward.
FinSMEs
JULY 22, 2024
Saiz, a Berlin, Germany-based provider of a platform that leverages data analytics to personalise garment measurement, raised €2.5m in seed funding. The round was led by EnjoyVenture and Salica Investments, with participation from Houghton Street Ventures, Gateway Ventures and strategic angels. The company intends to use the funds for product development.
The Motley Fool
JULY 22, 2024
This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. Being able to pass on an inheritance to your loved ones after you have died is an amazing accomplishment that drives many people's hard work. There's just something about continuing your support beyond your own life that makes the effort worthwhile.
FinSMEs
JULY 22, 2024
Dopay, a Cairo, Egypt-based fintech company providing a digital payroll and payments platform, raised $13.5M in Series A funding. The round was led by Argentem Creek Partners with participation from existing investors. The company intends to use the funds to accelerate its rapid expansion in its initial market, Egypt, launch a range of new financial […] The post Dopay Raises $13.5M in Series A Extension Funding appeared first on FinSMEs.
The Motley Fool
JULY 22, 2024
Image source: The Motley Fool/Upsplash One of the best ways to start a side hustle is to build upon the career skills that you already have. If you already have a day job with tech, sales and marketing, business management, or creative professional skills that are in-demand, you could start a side hustle that pays $30 per hour or more. Turning your nights and weekends into extra cash can be exciting, inspiring, and empowering.
AltAssets
JULY 22, 2024
Investindustrial has agreed to acquire a roughly 61% stake in Piovan, a manufacturer of auxiliary machineries and solutions for processing automation. The firm has also launched a mandatory tender offer of €14.00 per share, which gives the company a valuation of about €716m and is a premium of about 13.4%. Andrea Bonomi, chairman of the […] The post Deal Roundup: Investindustrial looks to buy Piovan, CapMan leads consortium for Innofactor first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 22, 2024
In today's video, I discuss recent updates impacting Advanced Micro Devices (NASDAQ: AMD) and other semiconductor companies. 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 July 19, 2024. The video was published on July 21, 2024. Should you invest $1,000 in Advanced Micro Devices right now?
Private Equity Wire
JULY 22, 2024
Amberjack Capital Partners, a private equity investment firm focused on the industrial, infrastructure and environmental sectors, has exited its investment in Best Trash, with a sale to HIG Capital. This transaction marks Amberjack’s second exit from its environmental services and waste strategy in the last twelve months, following the sale of Milestone Environmental Services last year.
The Motley Fool
JULY 22, 2024
Cathie Wood may or may not be a fan of playground equipment, but there's no denying that she always has her eyes on slides. The Ark Invest founder, CEO, and stock picker has a habit of adding to her positions when they fall out of favor. She was in stride on the final trading day of last week. Ark bought only three stocks on Friday, adding to her existing stakes in CrowdStrike Holdings (NASDAQ: CRWD) , Oklo (NYSE: OKLO) , and GitLab (NASDAQ: GTLB).
AltAssets
JULY 22, 2024
New York-based PE house Lightyear Capital is out raising the follow-up to its $1.6bn fifth flagship fund from 2021. The post Lightyear Capital returns to fundraising with follow-up to $1.6bn Fund V first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 22, 2024
Signing up for Medicare isn't as simple as you might expect. While Parts A and B are available to all enrollees, from there, you have choices. If you stick to original Medicare, you'll need to figure out which Part D drug plan is right for you. And if you decide to get coverage under Medicare Advantage, you'll need to determine which plan you should buy based on factors that include cost and benefits.
Private Equity Wire
JULY 22, 2024
US-based private equity firm Stonepeak has agreed to an all-cash deal to acquire New Zealand-based senior care specialist Arvida Group for NZD1.24bn ($745.74m) excluding debt, according to a report by Reuters. News of the acquisition saw Arvida’s shares surge by nearly 60% on Monday to NZD1.62, their highest level in over two years. Shares of rival companies including Ryman Healthcare and Summerset also saw increases of 7.7% and 2.25% respectively, on the speculation of further consolidati
The Motley Fool
JULY 22, 2024
In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and other semiconductor companies. 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 July 18, 2024. The video was published on July 18, 2024. Should you invest $1,000 in Nvidia right now?
Private Equity Wire
JULY 22, 2024
European mid-market private equity firm Inflexion has invested in FDMUK, a provider of telecoms market share, pricing and proposition data across Europe. The investment is being made by Inflexion’s Enterprise Fund V. According to a press statement, FDM has realised 150% growth over the last three years. Its point-of-sale and real-time pricing datasets are utilised by major UK broadband providers, mobile operators and price comparison websites, as well as global manufacturers.
The Motley Fool
JULY 22, 2024
A National Association of Realtors settlement is set to take effect in August and will change the way real estate commissions are agreed upon and paid, especially to buyers' agents. In this video, I sit down with eXp Realty (NASDAQ: EXPI) CEO Leo Pareja to find out what he thinks the changes will mean to the industry and what his company is doing to prepare.
Private Equity Wire
JULY 22, 2024
Private investment house Ardian has acquired a majority stake in Masco Group, a global provider of products and services to the pharmaceutical and biotech industries, from RSBG SE, the holding subsidiary of RAG-Stiftung. The Borella family and Masco Group’s current management team will reinvest alongside Ardian, while Luca Borella will continue to lead the company as CEO.
The Motley Fool
JULY 22, 2024
When it comes to planning for retirement, the focus often falls on national averages and benchmarks. For example, a survey from Northwestern Mutual reveals that Americans believe they need $1.46 million to retire comfortably, while Federal Reserve data from 2022 shows that Americans have a median retirement savings of $87,000 and an average of $333,945.
AltAssets
JULY 22, 2024
Madrid-headquartered Asterion Industrial Partners has raised €1.5bn for the first close of its third flagship European mid-market infrastructure fund, after five months in the market. The post Asterion Industrial Partners eyes sustainability after striking €1.5bn first close for third European infra fund first appeared on AltAssets Private Equity News.
The Motley Fool
JULY 22, 2024
In today's video, I discuss recent updates impacting CrowdStrike (NASDAQ: CRWD). 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 July 22, 2024. The video was published on July 22, 2024. Should you invest $1,000 in CrowdStrike right now? Before you buy stock in CrowdStrike, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investo
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