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Vista Equity Partners has sold an $800m minority stake in LogicMonitor, a SaaS-based hybrid observability platform powered by artificial intelligence (AI), to a consortium of investors including PSG, Golub Capital, and others.
T&D Holdings will become the largest shareholder, while Allianz will acquire a 25% stake. Since then, the insurer has expanded through acquisitions, including Skandia and Entis, growing its assets under management from 5bn to 67bn and its policyholder base from 600,000 to 3.4
A high-stakes clash between private equity titans KKR and Bain Capital over a $4bn buyout of Fuji Soft is reshaping the landscape of mergers and acquisitions (M&A) in Japan, and could become a blueprint for more aggressive dealmaking in the country, according to a report by the Financial Times.
Trading in the company’s shares was halted on Friday pending an announcement related to mergers and acquisitions. Warburg Pincus, ESR’s largest shareholder with a 14% stake, plans to roll over its holdings into the new private entity rather than sell for cash, according to one of the sources.
But in the investment banking world, the best time to finalize potential mergers or acquisitions is over the weekend, as markets aren't open and companies don't have to worry about the potential for leaked information to cause an immediate spike in share prices. Under the deal, Brookfield Re would pay $38.85
But there's a reason Warren Buffett's kept a sizable Kraft Heinz stake in Berkshire Hathway 's portfolio since melding the two food companies into one back in 2015. A merger that underperformed on multiple levels If you're not familiar with the saga, here's the shortened version of the story. That is, he still sees hope.
An affiliate of Paceline Equity Partners, LLC , a Dallas-based private equity manager, today announced that it has participated in a $175m financing facility to support GCOM Software LLC’s merger with OnCore Consulting, LLC. GCOM is a portfolio company of Sagewind Capital, LLC , a New York-based middle-market private equity firm.
Buyout firm EQT AB is teaming up with Germany’s richest man to acquire a 35% stake in German bus and train operator Flix SE. EQT and Kühne Holding AG, the investment vehicle of logistics tycoon Klaus-Michael Kühne, will become long-term anchor shareholders in Flix, according to a statement Thursday confirming an earlier Bloomberg News report.
That creates growth opportunities for companies and enhances value for shareholders in companies with exposure. It's not just a user of AI to add value to its solutions; it also has a significant stake in a quantum computing business that management plans to monetize. Image source: Getty Images. Image source: Getty Images.
Berkshire Hathaway CEO Warren Buffett has delivered an astounding 3,787,464% return to shareholders through 2022, so it's certainly a wise move to follow the stocks included in Berkshire's $300-plus billion equity portfolio. Here's why three Motley Fool contributors believe they are timely buys this month. billion at the end of 2023's Q3.
After all, he's owned it since he helped arrange a merger to create the entity in 2015. Here are three reasons why the future looks bright for Kraft Heinz and its shareholders in 2024 and beyond. However, the merger also loaded up the new entity with debt. Is it stubbornness?
The main draw was Hess' 30% stake in the Exxon-operated Stabroek block offshore Guyana. However, Exxon and its other partner in Guyana, China's CNOOC , now say the deal will trigger a change-of-control provision, enabling them to increase their stakes in Stabroek. It currently remains committed to the merger despite this latest issue.
The needle-moving acquisition would enhance the company's portfolio and extend its growth profile. Drilling down into the deal Chevron unveiled its merger agreement with Hess last October, less than two weeks after Exxon revealed its more than $60 billion megamerger with Pioneer Natural Resources. A merger or an asset purchase?
A wave of mergers and acquisitions (M&A) activity has washed over the oil patch in the last year. Several midstream companies have made acquisitions, while the rumor mill suggests others are on the prowl. The master limited partnership (MLP) has made several acquisitions over the years. billion in July.
First, the company is a specialist in mergers and acquisitions. One of the more interesting ones of the last few years was the acquisition of on!, In March, the company announced its intent to sell a portion of its stake in AB Inbev. This dynamic could be lucrative for Walmart shareholders in the long run.
stake in Celsius, and supercharged its distribution. Furthermore, investors are having an unjustified knee-jerk reaction to Sirius XM's upcoming third-quarter merger with Liberty Sirius XM (NASDAQ: LSXMA) , its tracking stock, and the resulting reverse stock split. The beverage giant made a $550 million investment for an 8.5%
During Berkshire Hathaway's 2022 annual shareholder meeting, Buffett told his audience of more than 30,000 shareholders and investors that his company's stake in Activision Blizzard is a merger/arbitrage play. billion in net long-term debt, much of which came from its 2019 acquisition of Anadarko. With a U.S.
However, the company would be considered rather boring in today's technology climate if not for its merger with chip giant Avago Technologies in 2016. That merger marked the beginning of an acquisition frenzy. But those deals were dwarfed by Broadcom's whopping $69 billion acquisition of cloud software developer VMware in 2023.
It's making two acquisitions to enhance its footprint, cash flow, and ability to return cash to investors. After closing the deal for GIP's interest in EnLink, Oneok plans to pursue the acquisition of EnLink's publicly traded shares in a tax-free transaction (i.e., a stock-based acquisition). EnLink currently has a $12.3
It's proof of both business success and a staunch commitment to returning value to shareholders. Mergers and acquisitions represent a major catalyst for Brookfield Renewable, and it has showcased its ability to secure needle-moving deals this year. Regulated utility Black Hills is just such a Dividend King.
Berkshire's currently sitting on a 123-million-share/$16 billion stake in the oil giant, mostly because -- in Buffett's own words -- CEO Vicki Hollub "know[s] how to separate oil from rock, and that's an uncommon talent, valuable to her shareholders and to her country." Berkshire's stake in Visa isn't enormous.
While Berkshire has owned the Liberty Media tracking stock since 2016, which tracked Liberty's large stake in Sirius, Berkshire has increased its bet on the satellite radio operator this year, ahead of the tracking stock's merger with publicly traded Sirius shares in a simplification merger in September.
Hess shareholders recently approved the transaction. If it gives the deal a thumbs up, that will leave one last hurdle: an arbitration panel ruling scheduled for next year to determine whether Hess' partners in Guyana ( Exxon and CNOOC ) have preemptive rights to acquire Hess' stake in that lucrative oil development.
Data shows that the number of private equity (PE) firms holding stakes in Indian IT services companies has doubled between 2019 and 2022, indicating a growing interest in the sector. This trend is being fueled by a succession of acquisitions spearheaded by private equity firms such as ChrysCapital and Carlyle.
The sale still requires shareholder and regulatory approvals. “We are excited about the next chapter in our company’s future with the pending acquisition by Sycamore Partners. “We are excited about the next chapter in our company’s future with the pending acquisition by Sycamore Partners.
Shareholders of French TV production group Mediawan are weighing a takeover of Germany’s KKR-backed Leonine Studios, three people familiar with the matter told Reuters, in a deal that could value the combined entity at up to $3.3bn. KKR and private equity group Atwater Capital also hold minority stakes in Mediawan. Source: U.S.
A big factor driving that relative underperformance is the uncertainty surrounding its massive acquisition of Hess (NYSE: HES). That's after rival ExxonMobil (NYSE: XOM) launched an arbitration case to assert its rights to buy Hess' stake in the Stabroek block offshore Guyana, which Exxon operates.
The background on the deal In late 2021, one of Buffett's investment managers accumulated a $975 million stake in Activision Blizzard (NASDAQ: ATVI) , believing that the stock was undervalued. He also pointed out that the stake was purchased several months before the deal was announced. Here's how Buffett did it. of Activision stock.
Silver Lake is Endeavor’s single biggest shareholder, commanding 71 per cent of all voting power and has two executives on the board of directors. Endeavor has also ruled out a sale of any interest in TKO Group Holdings, the company formed by the merger between the Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE).
When you buy a stock, you buy an ownership stake in a business. It might be a small stake for most people, but with sufficient resources, it's possible to buy enough shares to actually control the entire company. But where was the shareholder vote? In fact, there are many examples of wealthy investors doing this in the past.
Why the latest go-private offer may be good news for Macy's shareholders. Deidre Woollard: Well, speaking of more choice, I want to pivot to another story which is essentially about choice in a way which is that JetBlue and Spirit are calling off their merger. Whether Spirit Airlines will seek another buyer. Now it's struck out twice.
One of Intuitive Machines' shareholders will also be selling a small number of shares as part of the transaction, but the company will not receive any of the cash from that sale. million share count will dilute existing shareholders out of 14.5% of their current ownership stake. million shares total, yielding $123.4
stake in video-game provider Keywords Ventures Ltd. CPPIB also plans to contribute about $1 billion to the proposed merger between Novolex and Pactiv Evergreen Inc., interest in the public shares of Denmark-based DSV A/S to support the funding of DSVs acquisition of Schenker AG. The investments included a 24.5% Invested JPY 11.5
Macy's (NYSE: M) could reportedly be the target of an acquisition bid, while Cigna Group (NYSE: CI) called a potential deal off. Nevertheless, shareholders in both companies are happy with the potential outcomes. Despite the quick pop in Macy's stock price, some long-term shareholders might well be irritated at the timing of the deal.
But the acknowledgment meant little to shareholders who watched their Kraft Heinz shares get halved during that four-year stretch. Although it's taken far longer than anyone expected at the time, the merger of Kraft and Heinz is finally starting to help more than hurt. In 2019, Buffett finally conceded he "overpaid for Kraft."
French investment firm Wendel is to acquire a 75% stake in US asset management company Monroe Capital (MRCC.O) The acquisition will boost Wendel’s exposure to high-performing asset classes, providing the company with recurring cash flows and targeting double-digit shareholder returns.
I predict it will sell its stake in master limited partnership (MLP) Western Midstream (NYSE: WES). A sensible swap Occidental Petroleum has been among the many participants in a wave of mergers sweeping across the oil sector over the past year. I predict it will decide to sell its stake in Western Midstream.
Freschia Gonzalez of Wealth Professional reports that CPP Investments to exit Calpine stake, expects US$2.6bn in proceeds: CPP Investments has announced the sale of its entire 15.75 percent stake in US power producer Calpine Corporation (Calpine) to Constellation Energy (Constellation). is nearing an acquisition of Calpine Corp.,
Take corporate fundraising and M&A ( mergers and acquisitions ) as an example. It's not just a brewing rebound in mergers and acquisitions or initial public offerings making BofA a compelling prospect, though. He's also a major shareholder of The Coca-Cola Company (NYSE: KO). That reason? billion, by the way.
billion to shareholders through $7.2 But we could hear an update on its stock repurchase plans, especially considering its recent acquisition. billion acquisition of Siete Foods. The acquisition shows Pepsi's willingness to invest throughout th economic cycle, even during periods of slowing growth.
The company had acquired a controlling stake in TerraForm Power, which it used to buy Saeta Yield from a Spanish construction group. Last month, Brookfield and its partners agreed to buy a majority stake in the company from a block of existing shareholders. It capitalized on one such opportunity in 2018. It will acquire 53.1%
Like many companies that went public through special-purpose acquisitionmergers, the electric automaker overpromised and underdelivered as interest rates rose and market conditions tightened. For Lucid shareholders, the cash infusions are a mixed bag. As of May, the PIF owns a 60% stake in Lucid.
Hercules Capital Hercules Capital is a business development company ( BDC ), which means it has to return at least 90% of the profits it generates to shareholders as a dividend. While most BDCs focus on established businesses with positive cash flows, Hercules provides start-ups with venture capital in return for an equity stake or warrants.
Tuck-in and follow-on investments Brookfield Infrastructure also expands its earnings from existing businesses by making follow-on investments to increase its interest in those businesses and making tuck-in acquisitions to expand them. Brookfield has also made two tuck-in acquisitions this year. retail colocation data center platform.
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