Private Equity Wire

OCTOBER 25, 2023

Private Equity Wire has announced the winners of its US Awards 2023, which recognise excellence among private equity fund managers and service providers in the US across a wide range of categories. The awards were presented at an exclusive ceremony and networking event today (Wednesday, 25 October), at The Penn Club, New York. Voting for the awards was conducted via an online poll of the entire Private Equity Wire userbase, where participants were asked to make their choice among the shortlisted

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Buyout Law Firms Deal Origination Debt 98

The Motley Fool

OCTOBER 22, 2023

Image source: Getty Images I started building an emergency fund from the moment I was able to land a steady paycheck. In fact, technically I started building emergency savings during my teenage years, when my only income was a measly $5 an hour from babysitting. But I did a good job of sticking that money into the bank, even if it didn't amount to much.

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Accounting Banks Funds Debt 264

Private Equity Info

OCTOBER 25, 2023

Learn how our M&A research database can accelerate your deal flow. Find answers to common questions about our powerful tools, data accuracy, and personalized customer service. Schedule a demo today!

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Deal Flow 263

PE Hub

OCTOBER 27, 2023

Sheridan invested alongside Ascend’s surgeons and management, who have retained a meaningful ownership stake in the business. The post Sheridan Capital forms Ascend Plastic Surgery Partners appeared first on PE Hub.

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Capital Stakes Investing Funds 238

A Wealth of Common Sense

OCTOBER 27, 2023

Here’s something Henry Blodget wrote about notorious stock market bear John Hussman: Every historical indicator Hussman is looking at is suggesting that the stock market is wildly overvalued and headed for a period of lousy returns. How lousy? John Hussman thinks there’s a good chance the stock market will soon crash 40-50 percent. And even if the market doesn’t crash, Hussman thinks stocks are priced to.

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Stock Market Stock Market Returns 145

The Motley Fool

OCTOBER 22, 2023

One of the top recession indicators flashed a warning signal about 15 months ago, and now, it's getting louder and brighter. Two-year Treasury bonds started to yield more than 10-year T-notes last summer in what's called a yield-curve inversion. In normal times, the yield curve slopes up and to the right. That is, longer-dated bonds offer a higher yield than shorter-dated bonds.

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Debt Investors Returns Investing 258

PE Hub

OCTOBER 25, 2023

Globalia is a Saint-Lambert, Quebec-based digital agency specializing in inbound marketing, sales automation, digital transformation and e-commerce. The post American Discovery Capital’s SmartBug Media acquires Globalia appeared first on PE Hub.

Capital 235

Capital 235

A Wealth of Common Sense

OCTOBER 26, 2023

Further Reading: Do Valuations Even Matter For the Stock Market? 1I would argue real estate would be a close second on this list from an inflation hedge perspective but the long run returns are much harder to calculate when you include things like ancillary costs, mortgage rates, refinancing, leverage, etc. 2And this is real since stocks are a real asset.

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Returns Stock Market Stock Market Leveraging 145

The Motley Fool

OCTOBER 27, 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. This week, a curious press release came through the Power Corridor inbox. The U.S. Securities and Exchange Commission announced that it charged BlackRock – the largest money manager in the world, with nearly $10 trillion in assets – for failing to properly disclose to its customers $75 million of investments it made in the

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Securities and Exchange Commission (SEC) Financing Finance Assets 246

Private Equity Insights

OCTOBER 26, 2023

Private equity firm Silver Lake has confirmed it is working on a proposal that would take sports media and talent agency Endeavor private. Silver Lake is Endeavor’s single biggest shareholder, commanding 71 per cent of all voting power and has two executives on the board of directors. It has no interest in selling its shares to a third party nor any intention of entertaining any bids for Endeavor, which is currently conducting a formal review into its ‘strategic alternatives’.

Mergers and Acquisitions 130

Mergers and Acquisitions Private Equity Firms Private Equity Firms Bidding 130

PE Hub

OCTOBER 26, 2023

Johnson will serve as chairman of Burrell and Tara DeVeaux will be CEO. The post FVLCRUM-led consortium acquires ad agency Burrell appeared first on PE Hub.

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A Wealth of Common Sense

OCTOBER 22, 2023

Every three years the Federal Reserve puts out a report that summarizes the changes to family finances in the United States. I know averages, aggregates, medians and such never tell the entire story but directionally this stuff can be helpful in terms of understanding where things stand. Let’s dig in. Real median net worth for U.S. households was up a stunning 37% from 2019-2022.

Financing 145

Financing Finance 145

The Motley Fool

OCTOBER 27, 2023

Image source: Getty Images If your current home is not working well for you, you have two primary options. One option is to remodel and the other is to move. In some cases, moving is the better choice, but in others you should remodel. To help you decide what makes sense for you, ask yourself these key questions. What is your mortgage rate compared to the current rate?

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Financing Finance Accounting 246

Private Equity Insights

OCTOBER 26, 2023

Private equity firm Partners Group Holding AG has shown initial interest in Hamilton Island as the family owners of the holiday destination in Australia conduct a strategic review for the asset, according to people familiar with the matter. The buyout firm is studying the resort island for a potential bid, said the people, who asked not to be identified as the information is private.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Conglomerates Buyout 130

PE Hub

OCTOBER 23, 2023

According to terms of the deal, EngageSmart stockholders will receive $23.00 per share in cash upon completion of the proposed transaction. The post Vista to acquire software firm EngageSmart in take-private $4bn deal appeared first on PE Hub.

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A Wealth of Common Sense

OCTOBER 24, 2023

The housing market is broken. Affordability is as bad as it’s ever been. Mortgage rates are high. Prices are high. There is no supply on the market. It’s a mess. So who’s to blame? In a recent piece at Fortune I went through the suspects to figure out how we got here. * The housing market feels broken at the moment. Prices skyrocketed 50% nationally over the course of the pandemic.

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The Motley Fool

OCTOBER 27, 2023

China-based online auto insurance and after-sales services company SunCar Technology (NASDAQ: SDA) drifted far back in the slow lane this week, at least as far as Mr. Market was concerned. The company's stock price declined by just under 28% over the period, according to data compiled by S&P Global Market Intelligence , following its announcement of a secondary share issue.

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Capital Investors Returns Companies 246

Private Equity Professional

OCTOBER 26, 2023

Six Pillars Partners has acquired Royalty Roofing and its sister company, Majestic Facility Experts. Royalty Roofing provides commercial and residential re-roofing, maintenance, inspection and repair services to national, multi-unit after-market auto retailers, quick-service restaurants and franchisees, cold storage warehouse owners and operators, and food distributors.

Companies 130

Companies 130

PE Hub

OCTOBER 26, 2023

D’Onofrio Insurance is an agency providing commercial and personal insurance to clients in the region. The post PE-backed Hub International buys D’Onofrio Insurance assets appeared first on PE Hub.

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Assets 218

Private Equity Insights

OCTOBER 25, 2023

Tikehau Capital, the global alternative asset management group, announces the launch of Brienne, the new vintage of its private equity cybersecurity strategy, building on the success of its predecessor. With €200m at first close, this vintage will stand as the largest vehicle dedicated to digital security in Europe. Tikehau Capital, who you can meet at the Benelux Private Equity Conference , with this fund will be focused on seizing European opportunities and supporting companies with significan

Capital 130

Capital Private Equity Firms Private Equity Firms Funds 130

The Motley Fool

OCTOBER 25, 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. When Caroline Ellison started her job at crypto hedge fund Alameda Research in 2018, she found a firm in disarray long before its implosion. The former chief executive of Alameda and star witness in the trial of her boss and former romantic partner, FTX co-founder Sam Bankman-Fried, described how she and her colleagues wer

Hedge Funds 246

Hedge Funds Banks Capital Financing 246

Private Equity Professional

OCTOBER 26, 2023

Align Capital Partners (ACP) has acquired Counsel Press, a provider of outsourced legal services, from Gladstone Investment Corporation. Counsel Press provides state and federal appellate filing support services to attorneys and clients for preparing, filing and serving appeals. The company’s services include court rules and document preparation, litigation workflow, and legal research and writing.

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Legal Capital Investing 130

PE Hub

OCTOBER 25, 2023

Precipart was founded in 1950 by the Laubscher family, who will retain a significant minority ownership stake in the company. The post KKR to invest in machining manufacturer Precipart appeared first on PE Hub.

Investing 218

Investing Stakes Companies 218

Private Equity Insights

OCTOBER 25, 2023

KKR & Co. has reached a deal with a group of private credit lenders led by Blue Owl Capital Inc. that will help it recapitalize its portfolio company PetVet Care Centers, according to people with knowledge of the matter. The private equity firm has received a new $2.3bn unitranche loan for the veterinary hospital chain from a lender group that also includes Ares Management Corp, who you can meet at the Nordics Private Equity Conference , Oaktree Capital Management, and Oak Hill Advisors, sa

Private Equity Firms 130

Private Equity Firms Private Equity Firms Debt Financing 130

The Motley Fool

OCTOBER 25, 2023

Image source: Getty Images I'm a very goal-oriented person, and this is a quality that has persisted in me through all the circumstances and many (MANY) changes I've seen over my nearly four decades of life. As I write this, I'm feeling extremely proud of myself for meeting the biggest savings goal I've ever set. Last year, I decided that I wanted to save $50,000 to buy a home in 2024, and I have officially hit the target.

Banks 246

Banks Taxes Accounting Debt 246

Private Equity Professional

OCTOBER 24, 2023

Benford Capital Partners (BCP) has acquired RP Foods, a Hispanic-focused food and beverage products company, in partnership with the company’s owners and senior management team. RP Foods is an importer of branded, private label, and B2B food and beverage products including corn flours and tostadas, coconut milk beverages, aloe vera drinks, oils, avocados, and cookies… This content is for members only.

Capital 130

Capital Companies 130

PE Hub

OCTOBER 24, 2023

SurgNet Health Partners is newly backed by Fulcrum Equity Partners, Leavitt Equity Partners, and Harpeth Capital. The post PE-backed SurgNet Health Partners acquires two surgical services providers appeared first on PE Hub.

Capital 217

Capital 217

Private Equity Insights

OCTOBER 25, 2023

Alpine Investors (“Alpine”), a Certified B Corp people-driven private equity firm committed to building enduring software and services companies, today announced the completion of a $3.4bn single-asset secondary market transaction to continue its partnership with Apex Service Partners (“Apex”), an HVAC, plumbing and electrical services leader and a portfolio company of Alpine Investors VII and VII-A (“Fund VII”).

Private Equity Firms 130

Private Equity Firms Private Equity Firms Investors Best Practices 130

The Motley Fool

OCTOBER 25, 2023

Shares of leading chipmakers Broadcom (NASDAQ: AVGO) , Qualcomm (NASDAQ: QCOM) , and Advanced Micro Devices (NASDAQ: AMD) were plunging today, down 3.5%, 4.2%, and 5.5%, respectively, as of 3:57 p.m. ET. There was a near-perfect storm of headwinds for chip stocks today, with numerous negative data points. These include analysts issuing a negative note specifically on AMD heading into earnings and another analyst note warning of tepid sales of the new iPhone, which would affect iPhone suppliers Q

Banks 246

Banks Investors Companies Returns 246

Private Equity Professional

OCTOBER 24, 2023

Gridiron Capital has closed its fifth fund, Gridiron Capital Fund V LP, with $2.1 billion of capital. The new fund exceeded its target of $1.8 billion and is markedly higher than the firm’s earlier fund which closed in December 2020 with $1.35 billion of capital. Gridiron V is the largest fund in the firm’s history… This content is for members only.

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Funds Capital 130

PE Hub

OCTOBER 23, 2023

The stake was previously held by Capital Constellation, an investment platform managed by Wafra Inc. The post AMG invests in Ara Partners appeared first on PE Hub.

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Investing Stakes Capital 215

Private Equity Insights

OCTOBER 25, 2023

Bain Capital Special Situations (“Bain Capital”) and Smith Hill Capital (“Smith Hill”), an affiliate of Procaccianti Companies, today announced the formation of a joint venture to originate debt and preferred equity to serve the financing needs of companies and assets in the hospitality sector. The platform launches with the objective of deploying $1bn of gross capital over the next several years.

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Capital Private Equity Firms Private Equity Firms Debt 130

The Motley Fool

OCTOBER 27, 2023

Image source: Getty Images Although many of us are still putting together last-minute costumes for Halloween and refreshing our candy supplies, the winter holidays will be here before we know it. And that's apt to be a pretty expensive time of the year. The average consumer is expected to spend $875 this year on holiday gifts and purchases, according to the National Retail Federation.

Debt 246

Debt 246

Private Equity Professional

OCTOBER 24, 2023

Pfingsten Partners has held an above target, oversubscribed, and hard cap close of its sixth investment fund, Pfingsten Fund VI LP, with $435 million in capital. Fund VI’s limited partners include family offices, endowments, foundations, consultants, asset managers, insurance companies and high-net-worth individuals, including 25 former portfolio company executives and family-founder partners.

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