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Archer Aviation (NYSE: ACHR) , a developer of electric vertical take-off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) three years ago. Its pre-merger presentation claimed it would produce its first 10 eVTOL vehicles in 2024 and generate $42 million in revenue for the full year.
Cvent”), an industry-leading meetings, events and hospitality technology provider, today announced the completion of its acquisition by an affiliate of private equity funds managed by Blackstone (“Blackstone”) for $8.50 TYSONS, VA – June 15, 2023 – Cvent Holding Corp. Further information is available at www.blackstone.com.
Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced the completion of its acquisition by private equity funds affiliated with Blackstone (“Blackstone”) in an all-cash transaction valued at approximately $2.3 SEATTLE- February 27, 2024 – Rover Group, Inc.
billion merger with Spirit Realty Capital in an all-stock transaction in October, which closed subsequent to year-end on January 23rd. And importantly, together with the Spirit merger, set us up to deliver a compelling earnings growth backdrop in 2024. Third, and in addition to the achievements noted above, we also announced the $9.3
The strong cash flow will enable us to return to a debt-free status as we exit Q1 2025, paying off the remainder of the $1 billion debt inherited from the NuVasive merger. The acquisition of Nevro further expands our reach into the musculoskeletal market, adding an additional $2 billion market space for us to compete in and grow.
(Nasdaq: ROVR) (“Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced that it has entered into a definitive agreement to be acquired by private equity funds managed by Blackstone (“Blackstone”) in an all-cash transaction valued at approximately $2.3
Here's what you need to know about the acquisition and Capital One's business before buying it today. Net interest income, or the interest earned on credit cards and other loans minus interest paid out on its liabilities, makes up the bulk of Capital One's revenue, accounting for $29.2 Last year, interchange fees accounted for $4.8
While the settlement structures will help lessen the impact of those costs, the company needs to bolster its financial flexibility so its legal liabilities won't harm its balance sheet or impact its ability to grow. On top of that, the company has to fund its large legal settlements and address its sluggish growth.
On September 18th, we announced that we had mutually agreed to terminate our pending acquisition by WillScot. In accordance with the terms of the merger agreement, McGrath received a termination fee of $180 million. McGrath is on a strong footing as we emerge from the terminated merger agreement. We are not. per diluted share.
See the 10 stocks » *Stock Advisor returns as of July 22, 2024 We are delighted to announce that we closed our merger with Cambridge Trust on July 12 and successfully converted all banking customers that we get. And we believe our best days are still ahead of us due to the strategic benefits of the Cambridge merger. 10 overall.
Global law firm Ropes & Gray has named 12 of its existing attorneys as the firm’s latest Partners, effective 1 November, including several whose practices cater for private equity and other private credit and private fund clients. Rachel O’Brien (Washington DC) advises on the formation and management of private investment funds.
We also celebrated another major milestone in our Sprint merger integration as we are now substantially complete with both the billing migration and retail rationalization, well ahead of our year-end target. Our merger synergies are expected to be approximately $7.5 And we now expect cash merger-related costs of $1.6
Private equity’s role in M&A in 2024 In 2023, the financial services (FS) industry experienced a decline in mergers and acquisitions (M&A) for the second consecutive year. Strong professional skilled in Professional Liability, Directors’ and Officers’ Liability, Crime, Employment Practice Liability, ERISA and Cyber.
Operationally, we delivered our highest Q1 recurring sales in analytics in a decade at $14 million, our best-ever Q1 of recurring sales among hedge funds at nearly $11 million, and another quarter of double-digit subscription run rate growth of 11% among asset owners, driven by index and analytics. Turning to our other recent acquisitions.
I will also reinforce how we are building a business that will grow profitably without the need for mergers or acquisitions and, therefore, which has the luxury of us looking at external opportunities for the few that may meet our strict value investment criteria. This has reinforced our determination to achieve our goal of zero.
Our liquidity position is very strong with balance sheet cash of $700 million and essentially no wholesale funding. The second is our anticipated merger with Cambridge Trust, which demonstrates how we are capitalizing on opportunities. As Bob said, we continue to be and have high expectations for the Cambridge merger.
Last week, we notified the Spirit that certain conditions to close may not be satisfied prior to the outside date set out in the merger agreement. We are evaluating our options under the merger agreement, which remains in effect. Yeah, so the plan that we're talking about today is our organic plan without a Spirit acquisition.
For the first time in more than four years, the Federal Reserve has lowered the target range for its benchmark federal funds rate, announcing a half-point rate cut on Wednesday. NII is essentially the difference between what banks make on interest-earning assets, such as loans, and pay out on interest-bearing liabilities, such as deposits.
Since we announced the merger agreement with WillScot Mobile Mini on January 29 and while the transaction is still pending, we continue to operate with a business-as-usual mindset. As always, and now during the pending merger, our focus will remain on the execution of our strategic plans and delivering positive financial results.
September 1st marked the one-year anniversary of the Globus NuVasive merger, making this quarter the fourth consecutive combined earnings release with sales growth strong financial performance, and best-in-class innovative product launches. During our third quarter, we passed the one-year mark since the closing of the NuVasive merger.
In addition, we completed three portable storage tuck-in acquisitions, opening some new markets and increasing density in others. On January 29th, we announced the merger with WillScot Mobile Mini for $3.8 Additional information about the merger will be set forth in the joint proxy statement that we will file together with WillScot.
Globus delivered another robust post-merger quarter in Q2 with sales of $630 million, growing 116% or $338 million. Non-GAAP EPS was $0.75, increasing 20% versus prior year even with the 35% increase in outstanding shares driven by the merger. Scavilla -- President, Chief Executive Officer, and Director Thanks, Brian. revenue grew 3.1%
Please note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blue Owl fund. Blue Owl had a very active second quarter, reporting another record quarter of earnings and announcing highly strategic acquisitions that further diversify our business.
Funding is available and project backlogs are healthy. We continue to operate as an independent company, notwithstanding the merger announcement with WillScot Mobile Mini in January. On July 11, our shareholders voted to approve the merger. The ratio of funded debt to the last 12 months' actual adjusted EBITDA was 2.43
The sale allowed us to immediately improve both our funding position and our earnings outlook. While we were working on the insurance sale, we were able to come to an agreement with Denis Sheahan and the Cambridge Bancorp Board on the merger we announced in September. Assets were essentially unchanged from the third quarter at 21.1
In the US, since 2020, we have executed more than $5 billion of acquisitions and over $2.5 Importantly, we believe this project can easily be funded over the next few years through operating cash flow allowing us to maintain our current capital returns framework. We now carry an after-tax present value liability of $1.2
Our results for the start of 2024 illustrate our focus on thoughtful, disciplined growth and continue to demonstrate the consistency of our global operating and acquisition platform. After the Spirit merger closed in January, our annualized free cash flow available for investments is approximately $825 million. Welcome, everyone.
In the first quarter, we have completed the acquisition of Lindora and are on plan with the integration activities. Along with the growing addressable market for our brands, the acquisition of Lindora has increased our access to the broader health and wellness market. Franchise marketing fund revenue of $7.8
Contributing to portfolio growth during the year, we acquired Home Point and its $83 billion portfolio in a transaction which was accretive to tangible book value and which was essentially self-funded through the assumption of 500 million in senior notes. The WMIH merger brought us 1 billion in deferred tax assets.
But if you include pending acquisitions, such as Home Point, we're over 950 billion, which is nearly on top of our 1 trillion target. Also contributing to portfolio growth, we completed the acquisition of Rushmore Servicing, which now makes us one of the largest special servicers. And that is now playing out as we foresaw.
We generated strong revenue and operating income margin in the first quarter, exceeding the outlook we provided in March and we delivered record operating income when you exclude $18 million in separation and divestiture costs related to the planned spin and merger transaction of gaming and digital. Revenue of $1.07
On September 1st, after clearing the FTC second request time frame, we executed the Globus NuVasive merger. Pulse sales have been impacted by customer uncertainty with the merger, while international remains focused on continued market penetration and NSO on market reentry of key technology.
billion acquisition of Morphic , why it's interested in the inflammatory bowel disease market, and a few risks to keep in mind for the high-flying provider of weight loss drugs. I want to turn us over to Monday and merger Monday, living up to the name today. They have been acquisitive recently. Eli Lilly 's planned $3.2
They also added 12 new venues with the 11 new builds and one purchased via the BigShots acquisition. We also added one venue via acquisition in 2023, and in early January of this year, we purchased one additional venue from BigShots in Bryan, Texas, adjacent to Texas A&M University for approximately $7 million.
You're seeing the benefit of continued strong operating results, the gain from the trust collapse we mentioned last quarter, and the accretion from closing the home point acquisition which came in consistent with our guidance. And I'm pleased to report we've already kicked off the capital raising process for our first MSR fund.
Prismic will enhance our mutually reinforcing business system and drive future growth by leveraging our differentiated brands, global asset and liability origination capabilities, and multichannel distribution. Second is investing both organically and through programmatic acquisitions to support sustainable long-term growth of our businesses.
billion of billion of free cash flow which helped fund $3.8 It's not really defined, I think as far as, you know, a low-cost property bolt-on or significant merger and acquisition. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Of that $3.8
These games are effective player-acquisition tools. In addition, last week, following the announcement of the planned spin and merger transaction, both S&P and Fitch placed IGT on a positive credit watch. billion, which will be used to fund a 2.6 billion, which will be used to fund a 2.6 per IGT share.
Just last month in April, we added more than 1,000 principal agents with our accretive acquisition of Latter & Blum, the largest agency in the Gulf South and New Orleans. We expect this acquisition to be accretive to adjusted EBITDA in 2024, but the additional opex needs to be considered.
And given our recently closed acquisition of Splunk, we are also joined by Gary Steele, the former CEO of Splunk, which is now a Cisco company. First, I couldn't be more excited about the successful close of our Splunk acquisition, Cisco's largest ever. federal government funding legislation. In Q3, we returned 2.9
We believe the continued path of central bank normalization will support sustained inflows across bond funds, ETFs, and institutional accounts. On October 1, we closed on our acquisition of Global Infrastructure Partners. Sales, asset, and account expense increased 6% compared to a year ago, driven by higher direct fund expense.
The decrease was driven by wholesale funding maturities, loan growth, and declines in our commercial deposits partially offset by deposit growth in our retail banking business. However, as we disclosed in our last 10-Q, the announcement of the acquisition of Discover constituted a material business change. Richard D.
And third, we're in the process of improving our growth performance, specifically our user acquisition through better use of data and stronger models. You know, Dylan, the way to think about it is we fully funded the priorities that we had in mind, and those are funded to the right levels. Super helpful there. We now have one.
We have the plan, Frontier acquisition. It's going to take time until that's come into fruition because it's hanging on another acquisition. We will, as we have closed the Frontier acquisition, have more than 30 million passings -- fiber passing. We talked about that in a separate session. Of course, this was cash in.
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