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Bill Ackman likes to focus on just a few companies at a time. His hedge fund, Pershing Square Capital, invests in high-quality businesses with stocks that Ackman feels have become mispriced relative to their intrinsic value. He then uses his sway as a large shareholder to influence management and unlock value. Ackman's activist investor strategy requires a highly concentrated portfolio.
EVGo (NASDAQ: EVGO) stock tumbled 27% through 10:05 a.m. ET Tuesday after the operator of charging stations for electric vehicles announced last night that EVgo Holdings, LLC, will sell at least 23 million new shares of common stock (and perhaps as many as 26.5 million) in a secondary offering. (We further learned this morning that the shares will be priced at $5 each).
Blue Owl Capital co-founder Michael Rees is working on a plan to merge several firms in the alternative investment sector to create a diversified investment business similar to Blackstone and KKR, with IPO potential, according to a report by the Financial Times. Citing unnamed sources familiar with the matter, the report outlines that Rees has been discussing the idea with potential partners, and would involve combining three to five firms from Blue Owls portfolio, focusing on areas such as priv
Constellation Wealth Capital, the private equity investor launched last year with the aim of making wealth management deals, has hauled in $1bn to close its debut fund. The post Wealth management industry-focused PE firm Constellation Wealth Capital raises $1bn debut fund appeared first on AltAssets Private Equity News.
Private investment house Ardian has acquired a 22.6% stake in FGP TopCo (TopCo), the holding company for Heathrow Airport Holdings, from Ferrovial SE and other TopCo shareholders, according to a recent release. The investment, which makes Ardian Heathrows largest investor, aims to support the airport in delivering sustainable growth. Concurrently, Saudi Rabia’s PIF in line with its strategy to support important sectors and businesses as long-term partners has acquired 15% of TopCo from t
Private investment house Ardian has acquired a 22.6% stake in FGP TopCo (TopCo), the holding company for Heathrow Airport Holdings, from Ferrovial SE and other TopCo shareholders, according to a recent release. The investment, which makes Ardian Heathrows largest investor, aims to support the airport in delivering sustainable growth. Concurrently, Saudi Rabia’s PIF in line with its strategy to support important sectors and businesses as long-term partners has acquired 15% of TopCo from t
Global investment firm Carlyle has agreed to sell Forgital, a provider of advanced aerospace and industrial forged products, to US alternative investment firm Stonepeak in a deal that reportedly values the business at more than 1.5bn, including debt. The transaction is expected to close in the second quarter of 2025, subject to customary regulatory approvals.
G2 Venture Partners, the early-stage investor which spun out from KPCB seven years ago, is reportedly eyeing $750m for its third fund. The post KCPB spin-out G2 Venture Partners said to seek $750m for Fund III appeared first on AltAssets Private Equity News.
Alternative investments giant Blackstone has finalised an agreement to acquire Tokyo Garden Terrace Kioicho for $2.6bn (approximately JPY400m) from Seibu Holdings, marking the largest real estate investment by a foreign entity in Japan. Located in Tokyos prestigious Kioicho district, the 2.4 million-square-foot mixed-use complex includes two high-rise towers housing a fully occupied Grade A+ office space, 135 luxury residential units, a 250-room premium hotel, conference and wedding facilities,
Parafin, a San Francisco, CA-based embedded finance infrastructure company, raised $100M in Series C funding, at $750M valuation. The round was led by Notable Capital, with participation from Redpoint Ventures. Existing investors Ribbit Capital, Thrive Capital, and GIC also participated. The company intends to use the funds to expand operations and its development efforts.
BNP Paribas Asset Management has appointed Linda Fodil and Thibault Sartori as Private Debt Investment directors to support its new direct lending strategy. Both will be based in Paris and report to Christophe Carrasco, Head of Private Debt. Fodil has over 20 years experience, including roles at AXA IM and HSBC, specialising in senior and unitranche debt.
Buy-now-pay-later specialist Affirm Holdings has secured its largest funding commitment yet, partnering with private credit firm Sixth Street to secure a $4bn, three-year deal, according to a report by NBC News. The partnership will fund short-term instalment loans, recycling repaid capital to enable over $20bn in lending by 2025. According to the report, the deal reflects a growing trend of private credit firms investing in fintech companies like Affirm, which use diverse funding methods instea
CVC Capital Partners is reportedly in talks to acquire Vivendi’s share in Telecom Italia, a step that could open the line to a complete takeover of the Italian telecoms company, according to a report by Reuters, citing sources familiar with the matter. Vivendi, Telecom Italia’s largest shareholder, holds approximately 23.75% of the company, a stake valued at around $1bn, according to LSEG data.
Investment giantBlackRock has reportedly reached a $1.1bn first close for its fifth infrastructure multi-manager fund, with eyes on up to $2.5bn at final close. The post BlackRock said to near halfway mark for $2.5bn-targeting infra solutions fundraise appeared first on AltAssets Private Equity News.
Private markets are changing the world. This report tells a range of stories: from sustainable olive oil production to the improvement of critical infrastructure; from driving financial inclusion in key markets to building more efficient water management systems; and many more including e-mobility, power grids, quick-service food and entertainment operations, among others.
Stand, a San Francisco, CA-based company improving insurance for climate-impacted properties, raised $30M in funding. Backers included Inspired Capital, Lowercarbon, Equal Ventures and Convective Capital. The company intends to use the funds to expand operations and its development efforts. Led by CEO Dan Preston, Stand offers a solution that protects property while insuring it.
Blackstone has made a minority investment of up to 250m in global management and AI consulting firm, Sia Partners, using funds from its private equity strategy for individual investors, according to a recent press statement. The partnership will support Sias expansion across the US market, as well as strategic M&A. Founded in 1999, the investment marks the companys first partnership with a financial investor since its inception.
Goldman Sachs Alternatives' PE arm has agreed to pick up a majority stake in Synthon from BC Partners in a deal believed to value the international pharmaceutical business at about 2bn. The post Deal Roundup: BC sells Synthon stake to Goldman PE arm, valuing company at about 2bn, Stonepeak to buy Forgital from Carlyle appeared first on AltAssets Private Equity News.
New Year, New Growth: Is Your 2025 Marketing Plan Ready? The start of a new year is the perfect time to reflect, plan, and set your business up for success. For financial advisors, this means implementing a marketing strategy that doesnt just exist on paperit drives results. At Indigo Marketing Agency, weve helped advisors like Steve Seals grow by 40% in 2024, thanks to tailored solutions like a custom website that spoke directly to his ideal clients.
Welcome to the 4th issue of the Winning M&A Advisor, the Axial publication that anonymously unpacks data, fees, and terms from the winning M&A engagement letters of professional M&A advisors using Axial to win new sell-side business. Sign up below to get every issue of The Winning M&A Advisor directly to your inbox. Engagement Letter Details Retainer Required Yes Retainer Amount $7,500/month ~ up to $67,500 Retainer Applied to Success Fee Yes Payment Terms Monthly Engagement Dura
Kingstown, St. Vincent and the Grenadines, 17th December 2024, Chainwire The post MINGO, Hedera Based Wallet, Sets Sights on the Global Ticketing Industry appeared first on FinSMEs.
A client onboarding program is an essential part of any service providers operation. An efficient, comprehensive and compliant program can establish lasting trust between the provider and its clients, whereas a slipshod program that allows for delays, regulatory lapses and other errors will frustrate clients and put them at risk.
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In May, we discussed an impending shift in enterprise architectures toward AI Agents. In the six months since that article came out, we have monitored actual agentic deployments across companies, noticing the differences in use case complexity, the tradeoff of buying function-specific Agents versus building custom agentic workflows, and the variety in how value is measured and attributed.
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Warburg Pincus has completed the first close of its inaugural multi-asset continuation fund, securing commitments exceeding $2.2bn from HarbourVest Partners, Ardian, and the Canada Pension Plan Investment Board (CPP Investments), according to a report by Alternatives Watch. The transaction underscores HarbourVests growing prominence in the secondary market and its increased activity in recent months.
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If you've heard it once, you've probably heard it a hundred times: There's an intense electric vehicle (EV) price war going on in China. The price war has clobbered many automakers' earnings results, and a number of competitors hinted that the situation is likely to get worse in 2025. That's not a great backdrop for Nio (NYSE: NIO) investors. That said, there's reason to believe that despite the price war and intense competition, Nio's delivery growth will finally impress investors in 2025.
Vantis Vascular, a San Jose, CA-based medical technology company, raised $10M in Series B-1 Funding, following a raise of $30M to date from high-net-worth individuals and National Institute of Health grants. Led by CEO Jason Turner, Vantis Vascular is a medical technology company dedicated to improving vascular interventions. With a focus on innovation and patient-centric solutions, the […] The post Vantis Vascular Closes $10M in Series B-1 Funding appeared first on FinSMEs.
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