Sat.Nov 30, 2024 - Fri.Dec 06, 2024

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Could Buying Nvidia Stock Today Set You Up For Life?

The Motley Fool

Nvidia (NASDAQ: NVDA) is an example of the life-changing potential of stock market investing. If you'd bought $10,000 worth of the stock 10 years ago, you would have an eyewatering $2,947,300 today -- a return of over 29,000%. The company created so much wealth that many of its employees (often compensated with stock options) are multi-millionaires.

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Fortress Acquires Infra Pipe Solutions from Wynnchurch

Private Equity Professional

Fortress Investment Group has acquired Infra Pipe Solutions (IPS) a leading manufacturer of high-density polyethylene (HDPE) pipes and structures, from Wynnchurch Capital. Wynnchurch established Infra Pipe Solutions in September 2018 after acquiring certain Canadian assets of Uponor Infra Oy , a Finland-based pipe manufacturer, for C$62.5 million. During its ownership, Wynnchurch facilitated the add-on acquisition of Endot Industries , a New Jersey-based maker of small and large-diameter HDPE pi

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EQT launches energy transition infrastructure strategy with acquisition of ju:niz Energy

Private Equity Wire

Private equity giant EQT is establishing a new energy transition fund under its EQT Infrastructure division, kickstarting the initiative with the acquisition of German battery storage company ju:niz Energy. According to a press statement, EQT Transition Infrastructure “will seek to scale businesses that help enable the transition across industries to clean energy and a more resource-efficient, circular economy” Investing in North America, Europe, and Asia Pacific, the fund, led by Ja

Finance 94
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Setter launches SetterVC, a secondary platform for pre-IPO shares

AltAssets

Setter Capital, a leading secondary market intermediary, has launched SetterVC, a platform focused on simplifying the buying and selling of shares in pre-IPO companies. SecondaryLink spoke with George Cameron, Vice President at Setter Capital and one of the driving forces behind SetterVC, about the platform’s goals, development, and early reception.

Capital 98
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Could BigBear.ai Become the Next Palantir Technologies?

The Motley Fool

Palantir Technologies is delivering a banner year for shareholders driven by exceptional growth and accelerating profitability. At the time of this writing, the stock has returned 285% year to date, amid market optimism that this artificial intelligence (AI) innovator is still in the early stages of a global expansion opportunity. There's a lot to like about Palantir, but investors may also want to take a look at other industry players following a similar path of disruptive innovation.

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Wynnchurch Sells Texas Hydraulics to Fortress

Private Equity Professional

Wynnchurch Capital has sold TH Holdings , a diversified industrial manufacturer operating under the brands Texas Hydraulics , Hydromotion , and Oilgear , to Fortress Investment Group. Wynnchurch acquired Texas Hydraulics in February 2016 through a carve-out from Dover Corporation. At that time, the company was a manufacturer of hydraulic cylinders, swivels and other components that are used by mobile equipment manufacturers in the utility, mining, general construction, material handling, road bu

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Bain and other PE firms eye French payments group Worldline

Private Equity Wire

French payments company Worldline (WLN.PA) is attracting early-stage takeover interest from private equity firms, including Bain Capital, as it faces a challenging period of falling share prices, profit warnings, and leadership changes, according to a report by Reuters. The report cites unnamed sources familiar with the matter as revealing that Bain Capital has begun evaluating a potential bid, exploring various strategies with advisers.

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Chewy (CHWY) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Chewy (NYSE: CHWY) Q3 2024 Earnings Call Dec 04, 2024 , 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello, everyone, and welcome to the Chewy third quarter 2024 earnings call. My name is Emily, and I'll be coordinating your call today. [Operator instructions] I will now hand the call over to our host, Chewy CFO, David Reeder, to begin.

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Branford’s Lafayette Instrument Adds-On with Buy of Alzet Osmotic Pumps

Private Equity Professional

Lafayette Instrument , a Branford Castle Partners portfolio company, has acquired the Alzet Osmotic Pump product line from publicly traded DURECT Corporation for $17.5 million. Alzet Osmotic Pumps are miniature, implantable devices designed for preclinical studies to deliver precise, continuous doses of pharmaceuticals, peptides, and hormones to mice and other lab animals.

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OMERS Private Equity to acquire IT firm Integris from Frontenac

Private Equity Wire

OMERS Private Equity, the PE investment division of the $95.2bn Ontario Municipal Employees Retirement System, has agreed a deal to acquire Integris, a fast-growing IT managed service provider (MSP), from Chicago-based Frontenac Company for an undisclosed amount. According to a press statement, the deal, which makes OMERS debut in the MSP space, will “drive Integris’ growth through acquisitions, organic expansion, and investments in its workforce” Founded in 2021 and headquarte

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Deal Roundup: ASH backs FortyAU, Mubadala enters into strategic alliance with Silver Rock

AltAssets

ASH Investment Partners, an Atlanta-based private equity firm, has invested in FortyAU, a digital services firm specializing in providing solutions to healthcare clients. Founded in 2011 and headquartered in Nashville, TN,FortyAU provides services to the healthcare sector and other highly regulated industries with solutions in custom software engineering, data science, AI, and strategy + design. […] The post Deal Roundup: ASH backs FortyAU, Mubadala enters into strategic alliance with Silv

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Billionaire Steven Cohen Sold Point72's Entire Stake in Supermicro and Is Piling Into This Game-Changing Artificial Intelligence (AI) Stock Instead

The Motley Fool

In November, Wall Street and investors were privy to a flood of important data releases. Election Day, monthly economic data reports, and earnings season -- the six-week period each quarter where a majority of S&P 500 companies announce their operating results -- make it easy for a meaningful announcement to go unnoticed. For example, investors may have been so swamped by other news events that they completely missed the Nov. 14 deadline to file Form 13F with the Securities and Exchange Comm

Stakes 245
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AE Industrial Sells Kellstrom to VSE

Private Equity Professional

AE Industrial Partners, LP has announced the sale of Kellstrom Aerospace Group to VSE Corporation at an enterprise valuation of $200 million, consisting of $185 million in cash and $15 million in VSE stock. Kellstrom, acquired by AE Industrial in April 2015, is a distributor and service provider for the commercial aerospace engine aftermarket sector.

Funds 130
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BlackRock agrees $12bn acquisition of private credit firm HPS

Private Equity Wire

BlackRock has agreed to a $12bn deal to acquire HPS Investment Partners, a global specialist in credit investment management with $148bn in client assets, with the entire transaction to be completed entirely in BlackRock equity. According to a press statement, the deal will create an integrated private credit platform managing approximately $220bn in client assets. “The acquisition strengthens BlackRock’s position in private credit by combining its global relationships and expertise with H

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Germany’s Alstin eyes expanding European portfolio following €175m Fund III capital raising success

AltAssets

Germany early-stage investor Alstin Capital has raised €175m for the final close of its third fund, well above its initial €100m target. The post Germany’s Alstin eyes expanding European portfolio following €175m Fund III capital raising success appeared first on AltAssets Private Equity News.

Capital 98
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Palantir Stock vs. Nvidia Stock: Billionaires Buy One and Sell the Other

The Motley Fool

Palantir Technologies (NASDAQ: PLTR) shares have soared by 285% this year, while Nvidia (NASDAQ: NVDA) shares have advanced by 175%. Both companies play important roles in the burgeoning artificial intelligence (AI) economy, but several billionaire fund managers sold some of their Palantir stakes and bought more shares of Nvidia during the third quarter.

Stakes 245
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CenterGate Sees the Future with Buy of Zyloware

Private Equity Professional

CenterGate Capital has acquired Zyloware Corporation , a century-old provider of eyewear frames. Zyloware is a full-service eyewear company specializing in product design, marketing, inventory management, and distribution. The companys products are sold to mass retailers, value chains, large chains, and independent eyewear operators worldwide. Founded in 1923 by Joseph Shyer in Long Island City, New York, Zyloware is the oldest family-owned optical frame supplier in the United States.

Capital 130
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Activist Metage urges HarbourVest to offer quarterly exits or face wind up calls

Private Equity Wire

Activist investment firm Metage Capital has called on HarbourVest Global Private Equity (HVPE) to either introduce quarterly render offers to address its significant share price discount or liquidate its £3.4bn ($4.3bn) portfolio, according to a report by CityWire. The demand, outlined in an open letter to shareholders, comes as HVPE struggles to bridge the gap between its share price and net asset value (NAV).

Stakes 95
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Baltic firms to see financing boost as EIF backs new Merito Partners fund

AltAssets

The European Investment Fund (EIF) will commit €15m to a new Fund run by Latvian investment firm Merito Partners. According to Merito, the Fund will be focused on bolstering the growth of SMEs in the Baltic region. The pledge from the EIF comes from the Baltic Innovation Fund II, making it the first institutional investor […] The post Baltic firms to see financing boost as EIF backs new Merito Partners fund appeared first on AltAssets Private Equity News.

Finance 98
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Domo (DOMO) Q3 2025 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Domo (NASDAQ: DOMO) Q3 2025 Earnings Call Dec 05, 2024 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings. Welcome to Domo's Q3 Fiscal Year 2025 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

Capital 130
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Valante Buys American Foods to Drive Growth in Latin America

Private Equity Professional

Valante Capital , the private equity arm of IDC Network , has acquired an equity stake in American Foods , a distributor of U.S. consumer goods to Latin America. Valante made the investment through its second fund, Ascend Fund II LP. American Foods specializes in deli products, meats, cheese, bread and baked goods, and food service items sold to retailers, restaurants, and hotels.

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Hillhouse appoints ex-Bain Partner to drive Japan expansion

Private Equity Wire

Hillhouse Investment has recruited Tomohiro Kikuta, a former partner at Bain Capital, to lead its expansion in Japan amid a surge in deal-making activities, according to a report by Reuters citing unnamed sources familiar with the matter. Kikuta is set to join Hillhouse as head of its Japan operations in the coming months with his primary responsibility being to assemble a local team of approximately 20 members through a mix of new hires and internal relocations, said one of the sources.

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Triton clears €1bn for latest debt fundraise, 40% more than for predecessor in strategy

AltAssets

European mid-market investor Triton has beaten its €1bn target in a final close of its third debt fund. The post Triton clears €1bn for latest debt fundraise, 40% more than for predecessor in strategy appeared first on AltAssets Private Equity News.

Debt 97
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Citi Trends (CTRN) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Citi Trends (NASDAQ: CTRN) Q3 2024 Earnings Call Dec 03, 2024 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings and welcome to the Citi Trends third quarter 2024 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

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TRIO Pharmaceuticals Completes $3.1M Financing Round

FinSMEs

TRIO Pharmaceuticals, a San Diego, CA-based biotechnology company pioneering bispecific antibodies for the treatment of cancer, raised $3.1M in funding. The round was led by Friedman Bioventure Fund (FBVF). Othe investors included Multiple Myeloma Research Foundation (MMRF), through its venture philanthropy arm, the Myeloma Investment Fund (MIF). The company intends to use the funds to […] The post TRIO Pharmaceuticals Completes $3.1M Financing Round appeared first on FinSMEs.

Finance 103
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PE-led consortium to take Hong Kong’s ESR Group private in $7.09bn deal

Private Equity Wire

A consortium led by private equity firms Starwood Capital Group and Warburg Pincus has made a HKD55.19bn ($7.09bn) bid to take Hong Kong-based real estate investment firm ESR Group private, according to a report by Reuters citing a company announcement on Wednesday. The offer represents a 55.7% premium to ESR’s closing price on 24 April, before the non-binding proposal was submitted.

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Nuveen Private Capital expands European client coverage again with Otto Donner hire

AltAssets

Arcmont Asset Management and Churchill Asset Management, the European and US asset management companies of Nuveen Private Capital, have brought in Otto Donner to expand its European client coverage. The post Nuveen Private Capital expands European client coverage again with Otto Donner hire appeared first on AltAssets Private Equity News.

Capital 96
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Five Below (FIVE) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Five Below (NASDAQ: FIVE) Q3 2024 Earnings Call Dec 04, 2024 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day and welcome to the Five Below third quarter 2024 earnings conference call. All participants will be in a listen-only mode. [Operator instructions] After today's presentation, there will be an opportunity to ask questions.

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Robert Poirier to Lead OMERS Governance Review; OPE Acquires Integris

Pension Pulse

James Bradshaw of the Globe and Mail reports Ontario appoints veteran director Robert Poirier to lead review of OMERS governance model: Ontario’s government has appointed businessman and corporate director Robert Poirier to lead a review of governance at Ontario Municipal Employees Retirement System, choosing a board member from one of the pension fund’s critics.

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Advent mulls new strategy for mid-market deals

Private Equity Wire

Global private equity firm Advent International is exploring the creation of a dedicated investment vehicle to target mid-sized deals, as it looks to expand its footprint in the private equity market without venturing into unrelated sectors, according to a report by Bloomberg. The firm, which raised a record $25bn for its flagship buyout fund in 2022, sees untapped potential in transactions involving companies valued below $1.5bn.

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Investing shift has “broken traditional VC model”, Fly Ventures says as it closes €80m Fund III

AltAssets

Early-stage European investor Fly Ventures has struck an 80m final close for its third fund, well above the 53m it gathered for its 2020 predecessor vehicle. The post Investing shift has “broken traditional VC model”, Fly Ventures says as it closes 80m Fund III appeared first on AltAssets Private Equity News.

Funds 95
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Zscaler (ZS) Q1 2025 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Zscaler (NASDAQ: ZS) Q1 2025 Earnings Call Dec 02, 2024 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and thank you for standing by. Welcome to the Zscaler first quarter 2025 earnings call. At this time, all participants are in a listen-only mode.

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Nua Surgical Raises €6.5M in Series A Financing

FinSMEs

Nua Surgical, a Galway, Ireland based medical device company innovating in maternal health, raised 6.5m in Series A financing. The round was led by EQT Life Sciences with participation from new investors Kidron Capital and the Texas Medical Center (TMC) Venture Fund and existing investors including Enterprise Ireland and business veterans from Ireland and the US.

Finance 63
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HIG Capital closes $1bn Bayside Loan Opportunity Fund VII

Private Equity Wire

HIG Bayside Capital, the special situations credit affiliate of $55bn global alternative investment firm HIG Capital (HIG), has held the final closing of HIG Bayside Loan Opportunity Fund VII with $1bn of aggregate capital commitments. The new fund continues the firm’s strategy of investing in special situation credit opportunities in the European middle market.

Capital 97
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Ex-NBA star Omri Casspi raises $60m for his second VC fund in wake of EON, Upwind successes

AltAssets

Former-NBA star Omri Casspi has collected $60m for his second fund, raised through his new firm Swish Ventures. The post Ex-NBA star Omri Casspi raises $60m for his second VC fund in wake of EON, Upwind successes appeared first on AltAssets Private Equity News.

Funds 95
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Ulta Beauty (ULTA) Q3 2024 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Ulta Beauty (NASDAQ: ULTA) Q3 2024 Earnings Call Dec 05, 2024 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, and welcome to Ulta Beauty's conference call to discuss results for the Ulta Beauty third quarter 2024 earnings results. At this time, all participants are in a listen-only mode.

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If I Could Only Make One Move to Improve My Finances in 2025, This Would Be It

The Motley Fool

Image source: Getty Images One of the most common New Year's resolutions people set is to improve their finances. It's a worthwhile goal, but it's easier said than done. A lot of people struggle because the lifestyle changes required may be too much to keep up with. It can also be challenging when you're working with such a vague goal in the first place.

Finance 246