Sat.Sep 30, 2023 - Fri.Oct 06, 2023

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Why Rivian Stock Bounced Back Big-Time Wednesday

The Motley Fool

What happened Shares of electric truck maker Rivian Automotive (NASDAQ: RIVN) took it on the chin yesterday as a "red" stock market spooked investors in volatile growth companies. Worries over rising interest rates may have also caused investors to wonder whether Rivian's business selling $80,000 electric trucks will be viable in the long run. Lost in all the bad news, however, was some good news for Rivian shareholders: positive notes of support from two of Wall Street's investment banks, which

Banks 264
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Carlyle Group leads race to buy Medtronic units for $7bn

Private Equity Insights

The Carlyle Group is leading the race to buy Medtronic’s connected patient monitoring and respiratory care operations, Reuters reported. Patient monitoring and respiratory interventions, part of Medtronic’s Medical Surgical portfolio, are among the slower-growing parts of the company. While neither business has the type of growth profile that Medtronic is targeting, they could be attractive to another company.

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Goal-oriented: 7 private equity deals in the sports sector

PE Hub

Apollo, Clearlake and Sixth Street are among the private equity firms buying and selling in the wide world of sports. The post Goal-oriented: 7 private equity deals in the sports sector appeared first on PE Hub.

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Why Are Interest Rates Spiking?

A Wealth of Common Sense

The bond market continues to be even crazier than the stock market. We’ve witnessed a massive move in long-term bond yields these past couple of weeks and months. Yields on the 10, 20 and 30 year Treasury were all up in the neighborhood of 60 basis points over the past 16 trading sessions. Yields are up 1% or more on each of these bond maturities since the end of June.

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One Little-Known Reason to Choose a Roth IRA

The Motley Fool

Image source: Getty Images You have several choices when it comes to retirement accounts. If your employer offers a workplace 401(k) and makes matching contributions, you should always contribute the amount necessary to get your full match before you do anything else. HR can help you do that. But after you've maxed out your match and claimed all the free money your employer has on offer, you may want to consider putting additional funds into a Roth IRA.

Taxes 264
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Ex-Warburg Pincus head strikes healthcare deal from $570m fund

Private Equity Insights

Private equity firm Ascend Capital Partners has acquired a majority stake in a leading physician-run independent physician associations operating in seven states. The firm has joined with Seoul Medical Group (SMG), with almost 400 primary care physicians and 4,400 specialists serving more than 70,000 patients in California, Georgia, Hawaii, New Jersey, New York, Virginia and Washington.

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Higher For Longer vs. the Stock Market

A Wealth of Common Sense

Over the past few months, there has been a swift re-rating in longer-term bond yields. The 10 year treasury is now yielding around 4.8%, up from a low of 3.3% as recently as April. It was yielding 3.7% in July. Many pundits believe the bond market is only now waking up to the potential of a higher-for-longer interest rate regime caused by strong labor markets, a resilient economy, higher-than-expected inflation and Fed po.

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4 Lies People Believe About Winning the Powerball

The Motley Fool

Image source: Getty Images Big lotto jackpots are in the news again, thanks to the recent kerfuffle over Powerball -- when no one wins, the eventual payout gets higher and higher. When it passes $1 billion, it's all but guaranteed to make the evening news (and the morning news). As a result, you might be hearing a lot of myths, falsehoods, and flat-out lies from friends, family members, and colleagues about winning that Powerball jackpot.

Taxes 246
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10 Quotes That Shaped My Investment Philosophy

The Big Picture

We all love to use quotations in our arguments. It’s both an appeal to higher authority as well as social proof ( Hey! I’m not the only one who believes this stuff ). I find it useful occasionally to go back to first principles and reconsider the sources that have influenced my thinmking. Along those lines, here are in chronological order, the thinkers who have helped shape how I view the world view, including how I philosophically think about the economy, markets, and investing.

Investing 138
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Tiny closes majority acquisition of film platform Letterboxd

PE Hub

Letterboxd, a global social platform for film discovery and discussion based in Auckland, New Zealand The post Tiny closes majority acquisition of film platform Letterboxd appeared first on PE Hub.

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Experts vs. Amateurs

A Wealth of Common Sense

Nick Maggiulli joined me again this week to talk about questions on dollar cost averaging, locking in higher bond yields and how much leverage is enough for your personal balance sheet. Further Reading: The Bond Bear Market & Asset Allocation 1Maybe I would change my mind if long-term rates ever get to 7-8%. The post Experts vs. Amateurs appeared first on A Wealth of Common Sense.

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Afraid to Open Your Bank Statement? Here's How to Overcome That Fear

The Motley Fool

Image source: Getty Images If you're someone who hides from their bank statement each month, you've taken a big step just by opening this article. Facing your fears isn't easy, especially when it comes to money. Read on for five no-shame, no-lecturing steps you can take right now. How to overcome your financial fears The first step in overcoming emotional blocks is to banish that horrible word, "should.

Banks 246
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$109 Trillion Global Stock Market

The Big Picture

Source: Visual Capitalist Batnick also takes a swing at this: What’s the Stock Market Worth? The post $109 Trillion Global Stock Market appeared first on The Big Picture.

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Warburg’s Ruoxi Chen: Innovative therapies will drive demand for Simtra BioPharma Solutions

PE Hub

Warburg Pincus and Advent International earlier this week completed the carve-out of Baxter International’s BPS business for $4.25bn. The post Warburg’s Ruoxi Chen: Innovative therapies will drive demand for Simtra BioPharma Solutions appeared first on PE Hub.

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How Prepared Are Consumers For a Recession?

A Wealth of Common Sense

Brandolini’s law states: The amount of energy needed to refute b t is an order of magnitude bigger than the amount needed to produce it. Carlson’s law of finance is similar: The amount of energy needed to refute bad news is an order of magnitude bigger than the amount needed to produce it. It’s much easier to take bad news at face value than good news.

Financing 138
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Why NextEra Energy Partners Sank Almost 30% This Week

The Motley Fool

What happened Shares of NextEra Energy Partners (NYSE: NEP) fell again this week, plunging 29.3% through Thursday trading, according to data from S&P Global Market Intelligence. This week marked an ugly snowball effect on top of last week's roughly 35% decline, which was set off when the yieldco announced it was lowering its dividend growth model.

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Veritas Capital and Platinum Equity Eye Jacobs’ $4bn Government Consulting Unit

Private Equity Insights

U.S. buyout firms Veritas Capital and Platinum Equity are vying to acquire Jacobs Solutions Inc’s (J.N) government consulting business, competing against rival contractor Amentum, according to people familiar with the matter. Dallas-based Jacobs is seeking final offers this week for the unit, which is known as Critical Mission Solutions (CMS), and could be valued at more than $4bn, the sources said.

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Brookfield to acquire Banks Group’s renewable energy unit

PE Hub

UK-based Banks Renewables is an operator of onshore wind farms. The post Brookfield to acquire Banks Group’s renewable energy unit appeared first on PE Hub.

Banks 218
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Arlington Capital Buys Avenu from Mill Point

Private Equity Professional

Mill Point Capital has sold Avenu Insights & Analytics, a provider of software used by governments for administration and revenue collection, to Arlington Capital Partners. Mill Point first invested in Avenue in January 2017. Avenu’s products are used by more than 4,000 state and local governments to aid in the identification and collection of permits,… This content is for members only.

Capital 130
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Why NextEra Energy Stock Plunged to 2020 Lows This Week

The Motley Fool

What happened After falling by double-digit percentages in the last week of September, shares of NextEra Energy (NYSE: NEE) extended their declines this week and were trading 13% lower through 1:20 p.m. ET Friday, according to data provided by S&P Global Market Intelligence. The stock, in fact, has now fallen to levels last seen in early 2020. With more and more analysts becoming cautious about the utility stock 's prospects after last month's unexpected developments, investors are increasin

Banks 246
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Mirova Raises €2bn for Sixth Energy Transition Infrastructure Fund, Targeting Net Zero

Private Equity Insights

Asset manager Mirova plans to launch its sixth strategy dedicated to energy transition infrastructure, aiming to raise up to €2bn subject to regulatory approval. The strategy – Mirova Energy Transition 6 (MET6) – will support decarbonisation mainly in Europe, helping to meet the financing needs for infrastructure essential for climate-friendly energy production and consumption.

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Genstar Capital to reinvest in Cetera Financial Group

PE Hub

Genstar will remain Cetera's majority investor. The post Genstar Capital to reinvest in Cetera Financial Group appeared first on PE Hub.

Capital 211
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Olympus Completes Consolidation, Sells Foodware to CFS Brands

Private Equity Professional

Olympus Partners has sold The Foodware Group to CFS Brands, a portfolio company of TJC since March 2018. The Foodware Group is a manufacturer and supplier of front-of-the-house and back-of-the-house products to the foodservice industry with over 5,000 products across 25 categories. Olympus first invested in The Foodware Group (TFG) through the 2016 acquisition, through… This content is for members only.

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Missed Out on Nvidia? 2 AI Stocks to Buy Before They Skyrocket

The Motley Fool

Nvidia emerged as a stock market favorite in 2023 with the ever-surging demand for its artificial intelligence (AI) chips across the world. Shares of this high-performance chip specialist are currently up by 197% so far this year, despite some weakness in the last few weeks. Nvidia's prowess in accelerated computing has made it a top-notch investment amid the current AI frenzy.

Education 246
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Aurelius Group and Epiris Eye $511m The Body Shop Deal

Private Equity Insights

The owner of the Lloyds Pharmacy chain has joined suitors circling The Body Shop. Aurelius Group is among the businesses eyeing the cosmetics company, which has been put up for sale by its Brazilian owner Natura. Others eyeing The Body Shop are thought to include private equity firm Epiris and Elliott Advisors, which owns Waterstones, according to Sky News Once deemed a trailblazer, The Body Shop has become the latest High Street chain to struggle.

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Advent, Warburg Pincus complete acquisition of Baxter’s BPS biz

PE Hub

BPS business will operate under the name Simtra BioPharma Solutions. The post Advent, Warburg Pincus complete acquisition of Baxter’s BPS biz appeared first on PE Hub.

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GTCR and Carlyle Continue Build of Nitinol Platform

Private Equity Professional

Resonetics has closed the add-on acquisitions of Memry Corporation and SAES Smart Materials from Italy-headquartered SAES Getters for $900 million. Resonetics is a portfolio company of GTCR and Carlyle. GTCR’s investment in Resonetics is through Regatta Medical which was formed by GTCR and operating executive Chip Hance in April 2017 to acquire medical device manufacturing… This content is for members only.

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Why Verizon Stock Dropped 3.3% on Friday

The Motley Fool

What happened Shares of Verizon (NYSE: VZ) fell as much as 3.3% in trading on Friday as the market faces pressure from the continued increase in interest rates. At 3:30 p.m. ET, shares were down 1.1%, still well behind the S&P 500 's gain of 1.3% for the day. So what Verizon continues to battle rising interest rates, and the U.S. 10-year government bond yield was up 6 basis points to 4.78% today.

Debt 246
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Permira-backed Golden Goose to Explore $2.5bn Milan IPO

Private Equity Insights

Italian luxury sneaker brand Golden Goose has picked Lazard as financial adviser to explore a potential stock market listing in Milan, two sources close to the matter said on Tuesday. Golden Goose, in 2020 was acquired by private equity firm Permira, who you can meet at the Nordics Private Equity Conference , is aiming for a listing of the footwear brand in the first half of 2024.

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Jeff Zucker-led RedBird IMI invests in Front Office Sports

PE Hub

'Audiences are more interested than ever in the business of sports,' said Zucker, former president of CNN Worldwide and CEO of NBCUniversal. The post Jeff Zucker-led RedBird IMI invests in Front Office Sports appeared first on PE Hub.

Investing 205
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Lone Star Closes Carves Out of Carlisle Fluid Technologies

Private Equity Professional

Publicly traded Carlisle Companies has closed the sale of Carlisle Fluid Technologies to Lone Star for $520 million in cash. Carlisle Fluid Technologies (CFT) is a manufacturer of products and systems for the supply, application and curing of sprayed materials including paints, coatings, powders, mastics (resins) and bonding materials. Company-owned brands include BGK, Binks, DeVilbiss,… This content is for members only.

Companies 130
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2 Stock-Split Artificial Intelligence (AI) Stocks to Buy Hand-Over Fist in October

The Motley Fool

Investor psychology is hugely important in the stock market. That's part of the reason why companies use stock splits to lower their share price, making them more attractive and accessible to smaller investors without changing the overall market value of the company. These events are usually seen as bullish signs and can boost interest in a stock. Over the last few years, Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN) have used stock splits multiple times to manage their impressive share price

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AEA Closes its Fifth Small Business Private Equity Fund at $1.3bn

Private Equity Insights

AEA Investors LP (“AEA”), a leading alternative investment manager specializing in middle market private equity, growth capital and debt investments, today announced it has successfully closed its fifth Small Business Private Equity (“AEA SBPE”) Fund, AEA Investors SBF V (“AEA SBF V” or the “Fund”), with more than $1.3bn in total equity commitments, significantly exceeding the Fund’s target of $1.0bn.

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Highland West Capital-backed Bid Group snaps up YGE

PE Hub

Based in Prince George, British Columbia, Bid Group is an integrated supplier of equipment, engineering and optimization services and related solutions to the wood processing industry. The post Highland West Capital-backed Bid Group snaps up YGE appeared first on PE Hub.

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