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Law firm Shoosmiths has appointed Partner Mark Churchman to the firms private equity team within the corporate practice, to provide sectoral expertise among existing energy and infrastructure and tech clients, while generating additional streams of work with US-based sponsors investing in the UK and Europe. According to a press release, Churchman has significant experience advising US-based private equity sponsors on the English law aspects of acquiring UK-headquartered companies in sectors such
Semiconductor stocks Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) have delivered outstanding gains in 2024, with shares of both companies more than doubling as of this writing thanks to the rapidly growing demand for their application-specific integrated circuits (ASICs) and networking chips that are being deployed in data centers for tackling artificial intelligence (AI) workloads.
Gryphon Investors has completed the sale of Kano Laboratories , a producer of branded oils and lubricants that it acquired in November 2020, to L Squared Capital Partners. Kano Laboratories specializes in products designed for industrial maintenance, repair, and operations (MRO). The company was founded in 1939 and is headquartered in Nashville. Source: Kano Laboratories Kanos flagship Kroil brand is widely used to loosen rusted or corroded bolts, valves, and mechanical parts, reducing downtime
Major private equity firms have faced significant obstacles in selling or listing their China-based portfolio companies in 2023, with Beijings tightening restrictions on IPOs and a decelerating economy having left foreign investors capital effectively trapped, according to a report by the Financial Times. Citing data from Dealogic, the report reveals that none of the 10 largest global private equity groups operating in China have successfully listed a Chinese company or fully exited through M
One of the great things about putting your money to work on Wall Street is there's more than one way to generate a profit. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, every investor is likely to find one or more securities that'll help them meet their goals. But among the countless ways to build wealth on Wall Street, buying and holding dividend stocks has historically been one of the most successful investment strategies.
UMECC has always been a pioneer in its industry and is an expert in steel and metallurgical manufacturing equipment. I’m honored to be carrying such a strong American steel industry legacy forward and continuing the path this company has built as we step into this new phase of growth. Adam Salmen, Managing Partner, A.S. Search Capital Axial Members Member Type Search Fund Broker Axial Member Since 2021 2011 Headquarters Dobbs Ferry, NY Alberta, Canada Axial Closed Deals 1 1 Axial Profile
Allo.xyz, a Dubai, UAE-based platform for real-world asset (RWA) tokenization and lending, secured a$100mBitcoin-backed credit facility. The financing round was facilitated by a consortium of lenders includingGreengageand a long-standing US institution. This credit facility will further enhance Allo’s BTC-backed lending services, catering to institutional and individual participants.
Allo.xyz, a Dubai, UAE-based platform for real-world asset (RWA) tokenization and lending, secured a$100mBitcoin-backed credit facility. The financing round was facilitated by a consortium of lenders includingGreengageand a long-standing US institution. This credit facility will further enhance Allo’s BTC-backed lending services, catering to institutional and individual participants.
Wingstop UK has sold a majority stake in its business to the US-based private equity firm Sixth Street, according to a report by Yahoo Finance. While the financial details of the transaction remain undisclosed, it is believed that the sale is valued at no less than 400m. Despite Sixth Street taking control, Wingstop UK’s three co-founders will reportedly maintain a minority stake in the company.
Since Warren Buffett became the CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965, its stock has delivered a compound annual return of 19.8%. That would have been enough to turn a $1,000 investment into $42.5 million, whereas the same investment in the S&P 500 would have grown to just $325,053 over the same period. Buffett's long-term investing strategy is simple.
“At the end of the day, after the process ended, we [felt] totally, 100% comfortable that our organization and our family got the best potential outcome.” Bob Falahee, Former Owner, SunPro Motorized Awnings & Screens Axial Members Member Type Investment Bank Business Owner Axial Member Since 2010 2023 Headquarters Chicago, IL Bradenton, FL Axial Accolades 9x Industry Top 50 Firm, 17x League Table Recipient Axial Closed Deals 3 1 Learn More View Profile Company Website Acquired Bu
Una Software, a Toronto, Canada-based modern planning platform designed to help businesses achieve performance goals while also adapting to change, raisedC$7.5min funding. The backers were not disclosed. The company intends to use the funds to drive further product innovation, expand the team, and accelerate global market entry. Led by Clayton Ramnarine, CEO, Una Software delivers […] The post Una Software Raises C$7.5M in Funding appeared first on FinSMEs.
Craigs Investment Partners, a New Zealand wealth management firm, has reached a conditional agreement with global private equity firm TA Associates for a strategic investment. According to a recent press release, as part of the agreement, existing employee and director shareholders of Craigs will retain 50% ownership, forming a close partnership with TA Associates.
Palantir Technologies (NASDAQ: PLTR) stock has been on a tearing run on the market in 2024, logging remarkable gains of 370% as of this writing. The rapid uptake of artificial intelligence (AI) software solutions by organizations and governments played a central role in this terrific surge. So, if someone bought just $100 worth of Palantir stock at the end of 2023, their investment would now be worth $470.
2024 has been a remarkable year of growth, impact, and milestones for Insight Partners. From a flurry of M&A to empowering the next generation of leaders through our Onsite and IGNITE programs, this year exemplified our commitment to scaling innovation as shown by our Path to IPO Summit , pictured above. Despite an ever-evolving market landscape, Insight remains steadfast in our mission to support visionary founders and their transformative ideas.
TPG’s climate investment division is reportedly in negotiations to acquire Altus Power, a company that supplies solar energy to commercial property owners and residential homes, according to a report by Reuters citing sources familiar with the matter. If the discussions between TPG Rise Climate and Altus reach a successful conclusion, a deal could be finalised in the next few weeks, the unnamed sources said.
Businesses and governments are generating more data than ever, and software companies like Palantir (NASDAQ: PLTR) and Oracle (NYSE: ORCL) can help them make the most of it. But effective data utilization today relies on a key ingredient -- artificial intelligence -- and both companies stand to gain from the increasing demand for AI services. Both companies have already seen the impact of the growth in AI spending on their stock prices.
By Matt Pais, MDRT Senior Content Specialist Every month, the MDRT Podcast delivers insights from members about how they handle challenges and changes in their practice. In 2024, these were the most-listened episodes. Enjoy, and thanks for listening!
KKR and Bain Capital have each submitted first-round bids exceeding $5bn for the non-core assets of Japan’s Seven & i Holdings, according to a report by Reuters citing sources familiar with the matter. KKR bid approximately JPY800bn ($5.1bn) for York Holdings, a unit being spun off by the Japanese retailer. Bain, a competing US firm, offered about JPY1.2tn, while local firm Japan Industrial Partners proposed around JPY750bn.
A skeptical market is finally starting to see International Business Machines (NYSE: IBM) as a leading name in the artificial intelligence (AI) market. As a result, IBM's stock has gained a market-beating 37% in 2024 -- or 44% if you look at total returns with reinvested dividends. Is Big Blue still a buy after this swift rise, or is the growth engine running out of rocket fuel?
China’s WuXi AppTec subsidiaries have entered into an agreement with US-based private equity firm Altaris to sell its cell and gene therapy manufacturing unit, WuXi Advanced Therapies, for an undisclosed amount, according to a report by Reuters. In addition to the sale of WuXi Advanced Therapies, WuXi also announced it would sell Oxford Genetics, its UK-based subsidiary under WuXi ATU, to Altaris.
Most investors would be happy with a track record like Warren Buffett's. The billionaire, at the helm of Berkshire Hathaway , has helped generate a compounded annual gain of nearly 20% over the past 58 years. That's compared with a compounded annual increase of about 10% for the S&P 500 over that time period. So, Buffett and his team's stock picks have led to market-beating performance over the long haul.
Electrification-focused early stage investor Energy Revolution Ventures has closed its debut fund on $18m. The post Renewable energy tech investor Energy Revolution Ventures seals $18m debut fund close appeared first on AltAssets Private Equity News.
Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, a smaller US producer with operations in several major basins, including the Permian and Eagle Ford, according to a report by Reuters citing sources familiar with the matter. Granite Ridge is primarily owned by entities controlled by Grey Rock Investment Partners, a private equity firm founded by Matt Miller and Griffin Perry, who serve as co-chairmen.
Warren Buffett is a masterful investor. He has an innate ability to allocate capital into investments that generate outsize returns for his shareholders. Over the last 30 years, his company, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) , has delivered an average annualized return of 13%, beating the S&P 500 's 11% average annualized total return.
Finnish asset manager eQ has raised more than 360m across a trio of private equity and venture capital funds. The post eQ collects 360m across PE fund of funds, secondaries and VC vehicles appeared first on AltAssets Private Equity News.
Tonka Bay Equity Partners has promoted Vince Thao, who joined the firm in 2022, to Senior Associate, with responsibilities including transaction diligence, structuring, and portfolio governance. According to a press release, Thao works closely with several existing partner companies, including Corporate Technologies, Fenix, Image AV, Professional Credit, and Standard Locknut, to execute strategic growth initiatives.
Many investors still don't know about Brookfield (NYSE: BN) , a company headquartered in Canada. But if you want to add a high-potential stock to your portfolio in 2025, keep reading. With more than $900 billion in assets under management, Brookfield is one of the largest alternative asset managers in the world. Once you learn about all the niche investment funds it operates, you'll be truly amazed.
San Francisco, United States, 27th December 2024, Chainwire The post HPL Games: Pioneering the Future of Mobile Gaming with Blockchain Integration appeared first on FinSMEs.
Blackstone is expanding its private credit business by hiring two experienced credit professionals, Andie Goh and Jack Ervasti, to handle investment-grade deals. Joining from Ares Management and KKR, the new hires will focus on asset-based debt, according to a report by Bloomberg. Goh, who most recently worked at Ares managing asset-based deals across both private and public markets, will begin her new role in early January.
The semiconductor industry is the beating heart of the artificial intelligence (AI) revolution. Most investors are focused on Nvidia (NASDAQ: NVDA) -- and rightly so, because it makes the best data center chips for developing AI -- but it isn't the only semiconductor company cashing in on this technology boom. Micron Technology (NASDAQ: MU) is a leading supplier of memory and storage chips, which have become important components of the AI hardware story.
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