Sat.May 27, 2023 - Fri.Jun 02, 2023

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STG-led investor group completes take-private $1.5bn acquisition of Momentive

PE Hub

Based in San Mateo, California, Momentive is the parent company of SurveyMonkey, an online survey tool. The post STG-led investor group completes take-private $1.5bn acquisition of Momentive appeared first on PE Hub.

Investors 223
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The Stock Market Will Pick the Winners For You

A Wealth of Common Sense

The AI craze is in full effect so everyone is trying to figure out who the winners will be. Maybe it will be the upstarts, some new start-up that gives you your own personal assistant in your ear, on your iPhone and at your desk. Or maybe it will be the big tech players who have gobs of money to throw at AI like Microsoft, Google and Facebook. Maybe it’s a company like NVIDIA that supplies the chips and software.

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Six Glazer siblings to retain Man Utd stakes under Ratcliffe offer

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Stakes 145
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Five Things That Could Knock Nvidia Down

The Reformed Broker

Okay, it’s up 10,000% since May of 2013 and is now the best performing stock in America during the past decade. Everyone is obsessed. It’s the biggest story in the market this year. Cramer has now named a second family dog after it. Jensen Huang’s name is now in the mainstream alongside Bill Gates, Steve Jobs, Mark Zuckerberg, Jeff Bezos, Elon Musk.

Companies 133
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Godspeed-backed SilverEdge acquires engineering services firm Gardetto

PE Hub

Columbia, Maryland-based SilverEdge is a cybersecurity, software, and intelligence solutions platform serving the U.S. defense and intelligence communities. The post Godspeed-backed SilverEdge acquires engineering services firm Gardetto appeared first on PE Hub.

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The Best Time to Buy Stocks

A Wealth of Common Sense

The top 10% own nearly 90% of the stocks. That’s the bad news. The good news is more people now own stocks in some capacity. That hasn’t always been the case. The 1929 crash that kicked off the Great Depression was a massacre. The stock market fell more than 80%. Plenty of people got wiped out but it wasn’t as widespread as you would think.

More Trending

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We are Austin-bound June 12th

The Reformed Broker

RWM is coming to Austin, TX June 12th-14th @Downtown with more detailsEmail us at info@ritholtzwealth.com subject line “Austin” to reserve a meeting slot! pic.twitter.com/9iSdG4HFf3 — Ritholtz Wealth (@RitholtzWealth) May 19, 2023 I’m headed out to Austin, Texas this June and bringing a whole bunch of my Ritholtz Wealth Management colleagues with me, including our financial planner in the area.

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Bowling restaurant chain Pinstripes scores investment from Granite Creek

PE Hub

Pinstripes will use the proceeds from the investment to finance its expansion. The post Bowling restaurant chain Pinstripes scores investment from Granite Creek appeared first on PE Hub.

Investing 216
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What’s Your Retirement Number?

A Wealth of Common Sense

A reader asks: When we read articles about “How much you should have saved by age X”, should it not be “How much income you will be earning with savings Y”? Here’s my scenario: Mid 30s, worked at a public University for 11 years and left to take a job in the private sector. I have a pension at the University with a guaranteed fixed income and just starting a new 401(K).

Financing 139
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Change Your Perspective

The Big Picture

When confronted by a problem or challenge, it is useful to try and change your perspective. Merely shifting your frame of view by a few degrees can reveal what you may have missed in your initial viewing. This is very easy to do when you are looking through the viewfinder of a camera, but much more challenging when you are intellectually pondering a set of choices.

Bidding 124
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Can Franklin buy its way to survival in the asset management thunderdome?

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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PSG leads $175m financing of vacation rental platform Hostaway

PE Hub

Based in Toronto, Hostaway is an all-in-one vacation rental software and management system. The post PSG leads $175m financing of vacation rental platform Hostaway appeared first on PE Hub.

Financing 214
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Some Things We’ve Learned This Year

A Wealth of Common Sense

Some random market thoughts after a nice long holiday weekend: Tech stocks don’t need lower rates to go up. Tech stocks got crushed last year with the Nasdaq 100 falling more than 30%. The Fed raised interest rates from 0% to more than 4% so that didn’t help long-duration assets like growth stocks. But there was this theory many people latched onto that tech stocks were only a rates play.

Assets 127
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MiB: John Hope Bryant, Operation Hope

The Big Picture

 This week, we speak with entrepreneur John Hope Bryant , the founder and chief executive officer of Operation HOPE, which is the US’s largest not-for-profit provider of financial literacy and economic empowerment tools. Described as the “Conscience of Capitalism,” Bryant is also chairman and chief executive officer of John Hope Bryant Holdings , Bryant Group Ventures and The Promise Homes Company.

Banks 121
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Exxon and Chevron shareholders cut support for climate resolutions

Financial Times: Moral Money

Annual meeting votes highlight differences between investors at US and European oil companies

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Blackstone completes acquisition of majority stake in Emerson’s climate tech business

PE Hub

According to the terms of the agreement, Emerson received upfront about $9.7 billion at the close. The post Blackstone completes acquisition of majority stake in Emerson’s climate tech business appeared first on PE Hub.

Stakes 211
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Talk Your Book: Upside and Downside Customization For Your Portfolio

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by Halo Investing: See here for more information on investing with Halo. We had Jason Barsema, Co-Founder and President of Halo Investing on today’s show to talk about Halo’s latest Hedged Equity Strategies. On today’s show, we discuss: How structured notes are created Who is paying the investor back at maturity Understanding counterparty risk How callable.

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10 Sunday Reads

The Big Picture

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • We Want Them Infected : These ‘experts’ sold the U.S. on a disastrous COVID plan, and never paid a professional price. A painstakingly documented new book by Jonathan Howard, a neurologist at New York University and a veteran debunker of the pseudoscience contaminating our efforts to fight the pandemic.

Prospects 119
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The Art of Storytelling & Story Listening

Indigo Marketing Agency

At the recent Jolt Conference , Director of Marketing Elizabeth Reider met one of our influencers, Dr. Preston Cherry , who shared the art of storytelling for financial advisors. Dr. Cherry discussed some great practices we think advisors can implement today when sitting down to meet with a current or prospective client. Active Listening When you’re meeting with a client or prospect, it’s their turn to share; you want to connect with who they are and where they are.

Prospects 100
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Magna closes buy of Veoneer’s active safety unit from SSW Partners

PE Hub

Veoneer is an automotive technology company based in Stockholm, Sweden. The post Magna closes buy of Veoneer’s active safety unit from SSW Partners appeared first on PE Hub.

Companies 210
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We Are Ready For Prime Time

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Cathie Wood, and Downtown Josh Brown discuss investing in innovation, AI fact vs fiction, how big Tesla can get, why Ark bought Nvidia in 2014, Zoom vs Google Meet vs Microsoft Teams, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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10 Friday AM Reads

The Big Picture

My end-of-week morning train WFH reads: • Wall Street Banks Are Using AI to Rewire the World of Finance : Lenders are experimenting with artificial intelligence. Not even Warren Buffett is sure what happens next. ( Bloomberg ) • The $1 Trillion Company That Started at Denny’s : AI made Nvidia the world’s most valuable chip maker. So did three guys sipping diner coffee and planning to conquer markets that barely existed. ( Wall Street Journal ) • Is Apple’s weird headset the future?

Education 111
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Dechra agrees £4.5bn takeover offer from buyout group EQT

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Buyout 98
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Madison Dearborn closes MoneyGram deal; Hildred Capital, HCAP and PSG bet on pharmacy services

PE Hub

MDP takes MoneyGram private. The post Madison Dearborn closes MoneyGram deal; Hildred Capital, HCAP and PSG bet on pharmacy services appeared first on PE Hub.

Capital 208
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EU regulators flag rising greenwashing practices by banks

Financial Times: Moral Money

European Banking Authority says there is a ‘clear increase’ in financial institutions overstating their climate credentials

Banks 98
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10 Thursday AM Reads

The Big Picture

Welcome to June! My morning WFH reads: • We Asked Workers Why They’re Not Coming Back to the Office : Terrible commutes. Expensive child care. Employees explain why they will keep working from home. ( Wall Street Journal ) • Why Are Food Prices So High in Europe? Throughout the European Union, consumer food prices were on average 17% higher in April than a year earlier — the fastest pace of growth in over two and a half decades.

Banks 110
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How Getting Women Into Financial Planning Can Benefit Everyone

Walkner Condon Financial Advisors

The importance of getting women into financial planning feels like it should go without saying. And in our research for this article, we were happy to learn that we are trending in the right direction. Unfortunately, we’re not quite there yet as a society, since as of 2022, the Bureau of Labor Statistics reports only a third of financial advisors are women.

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EagleTree-backed PRA acquires event planning firm Weil & Associates

PE Hub

PRA is a Chicago-based event management firm. The post EagleTree-backed PRA acquires event planning firm Weil & Associates appeared first on PE Hub.

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What’s the ‘Real’ Value of a Financial Advisor’s Business?

Diamond Consultants

A still red-hot RIA M&A market has many employee advisors pondering what their business could be worth on the open market. Here are 3 valuation scenarios to address that curiosity. Focus Financial Partners, the largest investor in the independent space, is being taken private at a $7B valuation. Prolific RIA acquirer CI Financial recently monetized a stake in their business at a $5B valuation.

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The King’s Dominion (The real Succession) : His sons are at war. He’s divorced his fourth wife and broken an engagement to a would-be fifth. The jewel in what’s left of his crown faces a billion-dollar lawsuit.

Companies 105
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Alternatives M&A: keeping up with the Blackstones will invite scrutiny

Financial Times M&A

TPG deal for Angelo Gordon highlights the drivers of concentration of power in the industry

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Monument MicroCap-backed Command Investigations acquires insurance investigation firm Infoquest

PE Hub

Based in Lake Mary, Florida, Command Investigations is a full-service private investigation company. The post Monument MicroCap-backed Command Investigations acquires insurance investigation firm Infoquest appeared first on PE Hub.

Companies 205
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Philip Morris chief says group on path to becoming an ESG stock

Financial Times: Moral Money

Jacek Olczak argues shift away from cigarettes should prompt a rethink after wave of exclusionary policies

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Blackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies

Blackstone News

Rebrand to Copeland Reflects 100-Year Legacy of Leadership in HVAC and Refrigeration Technology and Solutions Sustainable Climate Solutions Leader Positioned for Next Phase of Growth with Enhanced Focus on Innovation to Transform How People Live and Work Emerson Receives Approximately $9.7 Billion in Upfront, Pre-Tax Cash Proceeds and $2.25 Billion Seller’s Note; Retains 40% Common Equity Ownership NEW YORK and ST.

Stakes 98