Private Equity Professional
DECEMBER 18, 2024
Vance Street Capital has acquired System Seals , a Cleveland-based designer and manufacturer of high-performance sealing products. System Seals specializes in designing and manufacturing proprietary, high-performance sealing products that require high compliance, material, performance, or tolerance requirements, particularly for systems with high failure costs.
The Motley Fool
DECEMBER 20, 2024
Image source: The Motley Fool. Carnival Corp. (NYSE: CCL) Q4 2024 Earnings Call Dec 20, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Carnival Corporation & plc fourth quarter 2024 earnings conference call. [Operator instructions] As a reminder, this conference is being recorded.
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Private Equity Wire
DECEMBER 20, 2024
Schroders is shutting down its AUD100m ($63m) Australian private-debt business, citing increased competition in fundraising and sourcing investments, according to a report by Bloomberg citing CEO and Chief Investment Office Simon Doyle. In a statement, Doyle explained that the Australian private debt market has become highly competitive, saying: as we look to focus our business and build scale globally, we believe the efforts of our private assets team are better directed towards other areas.
Private Equity Info
DECEMBER 16, 2024
Private equity activity in 2024 reflected a strategic pivot driven by evolving macroeconomics and market dynamics. The landscape was characterized by strategic adaptation and the growing influence of technology. Firms that embraced these changes focusing on smaller deals, leveraging add-on strategies, and harnessing the power of AI positioned themselves to thrive in an increasingly complex and competitive market.
Private Equity Professional
DECEMBER 20, 2024
RWI usage is declining [1] for deals closed in 2024, including among Private Equity buyers. [2] When an M&A deal requires more carveouts for things like survival periods and caps and special escrows to cover RWI policy exclusions and limitations, deal makers are reevaluating the structure and cost of indemnification. Additionally, RWI may not provide a safety net expected by the sellers.
The Motley Fool
DECEMBER 19, 2024
Image source: The Motley Fool. CarMax (NYSE: KMX) Q3 2025 Earnings Call Dec 19, 2024 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by. Welcome to the third-quarter fiscal year 2025 CarMax earnings release conference call. [Operator instructions] Please be advised that today's conference is being recorded.
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Private Equity Wire
DECEMBER 18, 2024
Australia’s Insignia Financial has turned down Bain Capital’s AUD$2.67bn ($1.69bn) takeover offer, stating that the bid fails to reflect fair value for its shareholders, and blocking Bain’s Asia expansion, according to a report by Reuters. Earlier this month, Bain proposed AUD4 per share for the 178-year-old wealth management firm, sparking renewed investor interest in Australia-based wealth managers.
Private Equity Professional
DECEMBER 18, 2024
Northern Wholesale Supply (NWS), a distributor of outdoor and powersports equipment and supplies, has been acquired by Sun Capital Partners. NWS products catalog has more than 30,000 parts and accessories for recreational vehicles ; powersports vehicles , including snowmobiles and jet skis; boat-related parts, accessories, and supplies; and manufactured and mobile home components.
The Motley Fool
DECEMBER 19, 2024
Image source: The Motley Fool. Lennar (NYSE: LEN) Q4 2024 Earnings Call Dec 19, 2024 , 11:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Welcome to Lennar's fourth-quarter earnings conference call. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question-and-answer session.
Financial Times M&A
DECEMBER 17, 2024
The Japanese carmakers are grappling with fast-growing Chinese rivals and sluggish consumer demand for EVs
Private Equity Wire
DECEMBER 16, 2024
PARNER CONTENT By John LeClaire, Chris Wilson, and George Davis, Goodwin Proctor Section 1202 of the Internal Revenue Code, initially adopted in 1993, enables US investors in certain US companies to realize substantial federal income tax savings if they hold equity constituting Qualified Small Business Stock (QSBS) under Section 1202 for at least five years [and certain other conditions are met].
Private Equity Professional
DECEMBER 18, 2024
Avance Investment Management and AUA Private Equity Partners have acquired Tropical Cheese Industries , a family-owned producer of Hispanic dairy and meat products. Tropical Cheeses product portfolio includes cheeses such as Queso de Frer and Queso Blanco , meats like chorizo, salami, and ham, as well as tortillas, yogurt drinks, seafood, creams, and desserts such as flan and rice pudding.
The Motley Fool
DECEMBER 18, 2024
Walgreens Boots Alliance (NASDAQ: WBA) stock looks to have finally received some much-needed bullishness from investors. The stock was jumping last week on rumors that a private equity firm may be buying the company. While Walgreens stock is still down more than 60% this year (as of the end of last week), it is showing signs of life of late. But before you jump in and decide to take a chance on this beaten-down stock, there are some things to consider.
Financial Times M&A
DECEMBER 16, 2024
Billionaire dealmaker Michael Rees sounds out potential partners to assemble new firm in mould of Blackstone
Private Equity Wire
DECEMBER 18, 2024
Bain Capital is proposing a $2bn tender offer for nearly half of Fuji Soft’s shares, even without the Japanese IT firm’s board approval, if a competing second-round bid by rival buyout firm KKR fails, according to a report by Reuters. Bain’s latest offer of JPY9,600 per share exceeds KKR’s by 1.6%. KKR, backed by Fuji Soft’s board, had already secured a 33.9% stake in the first round of bidding, despite Bain’s earlier higher offer.
Private Equity Professional
DECEMBER 20, 2024
Abacus Finance Group has received a Small Business Investment Company (SBIC) license and has closed its inaugural SBIC fund, Abacus Finance SBIC Fund I LP (Fund I). The Small Business Investment Company (SBIC) program was created by the U.S. Small Business Administration (SBA) in 1958 to help small businesses access capital by partnering private investment firms with government-backed capital.
The Motley Fool
DECEMBER 20, 2024
Social Security's disappointing 2.5% cost-of-living adjustment (COLA) for 2025 has raised old concerns about its ability to adequately provide for the retirees who spent their careers paying into it. With the program hurtling toward a shortfall in about a decade, the cry for Social Security reform continues to grow louder. So far, bills to alter the program, either to increase benefits or ensure its sustainability, have failed to gain traction.
Financial Times M&A
DECEMBER 19, 2024
CEO said Big Tech groups are investing full tilt as US chipmaker soars to more than $1tn valuation
Private Equity Wire
DECEMBER 17, 2024
Blue Owl Capital co-founder Michael Rees is working on a plan to merge several firms in the alternative investment sector to create a diversified investment business similar to Blackstone and KKR, with IPO potential, according to a report by the Financial Times. Citing unnamed sources familiar with the matter, the report outlines that Rees has been discussing the idea with potential partners, and would involve combining three to five firms from Blue Owls portfolio, focusing on areas such as priv
Private Equity Professional
DECEMBER 18, 2024
Cornell Capital has promoted Jennifer Cattier to Partner. Based in the firms New York office, Ms. Cattier will continue to oversee operations and personnel, drive strategic priorities, and lead infrastructure initiatives for the firm. Ms. Cattier joined Cornell Capital in 2022 as the firms chief operating officer and chief compliance officer. With todays promotion, Cornell Capitals partner group now consists of seven partners across its New York City and Hong Kong offices.
The Motley Fool
DECEMBER 19, 2024
The fourth quarter has been packed with important data releases. In November, investors received hundreds of earnings reports from Wall Street's most-influential businesses, the much-anticipated election results , and numerous economic data releases that offer clues as to the steps the nation's central bank might take next. But perhaps the most relevant data dump of them all came on Nov. 14.
Financial Times M&A
DECEMBER 19, 2024
Deal terms, Renaults position, differing cultures and a possible rival bidder could all upset plans for a combination
Private Equity Wire
DECEMBER 16, 2024
Global private equity firms Blackstone and Bain are reportedly in the final stages of bidding for Mitsubishi Tanabe Pharma, a subsidiary of Japan’s Mitsubishi Chemical Group, in a deal expected to be valued between $3bn and $3.5bn, according to a report by Reuters. According to three sources familiar with the matter, Goldman Sachs has been engaged by Mitsubishi Chemical to oversee the sale process, with binding bids due on 24 December.
AltAssets
DECEMBER 18, 2024
British American Tobaccos corporate venture fund Btomorrow Ventures has launched its second fund focuses on wellbeing and stimulation businesses, saying the 200m vehicle provides further proof of its ambition to "build a smokeless world". The post British American Tobacco claims ambition to “build a smokeless world”, launches 200m ‘beyond nicotine’ fund appeared first on AltAssets Private Equity News.
The Motley Fool
DECEMBER 15, 2024
As of market close on Dec. 12, the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) indexes have gained 27% and 32% in 2024, respectively. Returns like that make it hard for investors to lose money. One of the best-performing sectors in 2024 is consumer cyclical, which has gained 32% -- putting it right on par with the returns of the Nasdaq.
FinSMEs
DECEMBER 20, 2024
Dubai, United Arab Emirates, 20th December 2024, Chainwire The post Binance Futures Launches CGPT/USDT Perpetual Contracts appeared first on FinSMEs.
Private Equity Wire
DECEMBER 19, 2024
Gen II has appointed Paul Spendiff as its new Head of Business Development, Europe, as the private capital fund administrator continues to focus on the evolution of its transatlantic services capabilities in support of its clients growth ambitions. Working closely with the Gen II senior leadership team, Spendiff will be responsible for leading the ongoing growth and development of the business across its European jurisdictions.
Insight Partners
DECEMBER 17, 2024
In May, we discussed an impending shift in enterprise architectures toward AI Agents. In the six months since that article came out, we have monitored actual agentic deployments across companies, noticing the differences in use case complexity, the tradeoff of buying function-specific Agents versus building custom agentic workflows, and the variety in how value is measured and attributed.
The Motley Fool
DECEMBER 15, 2024
Finding a company that can make you a millionaire from a modest investment is rare. However, they are out there and sometimes right under investors' noses. For example, $10,000 invested in Nvidia just a decade ago is now worth an astounding $2.71 million. This makes looking for millionaire-maker stocks so much fun, as those kinds of returns are out there, even if they are rare.
The Big Picture
DECEMBER 18, 2024
@TBPInvictus here Our story so far : California has been raising its minimum wage for the past decade, starting at $8/hour through 2013. Many fast food workers (specifically) got bumped to $20/hour, from $16, in April (the law is very specific about who is eligible for the increase). Over that decade, with its minimum wage rising, California’s fast food industry has bested the rest of the US by leaps and bounds.
Private Equity Wire
DECEMBER 17, 2024
Private markets are changing the world. This report tells a range of stories: from sustainable olive oil production to the improvement of critical infrastructure; from driving financial inclusion in key markets to building more efficient water management systems; and many more including e-mobility, power grids, quick-service food and entertainment operations, among others.
AltAssets
DECEMBER 20, 2024
Italy-based XGEN Venture has hit a 180m final close for its XGEN Venture Life Sciences Fund. The post Italy’s XGEN eyes European life science success with new 180m fund appeared first on AltAssets Private Equity News.
The Motley Fool
DECEMBER 19, 2024
When it came to artificial intelligence (AI) infrastructure in 2024, Nvidia (NASDAQ: NVDA) reigned supreme. However, Broadcom (NASDAQ: AVGO) will be looking to challenge the chipmaker in 2025. Both stocks have had strong runs in 2024, with Nvidia's stock up over 170% year to date as of this writing and Broadcom up around 107%. Let's consider which semiconductor stock looks like the better buy heading into 2025.
The Motley Fool
DECEMBER 19, 2024
Artificial intelligence (AI) has been one of the hottest trends in the technology sector over the past couple of years, and that's not surprising as this disruptive technology has been positively impacting multiple companies across several industries. McKinsey and Company pointed out last year that generative AI has the potential to add between $2.6 trillion and $4.4 trillion to the global economy by boosting productivity in sectors such as banking, retail, marketing, and factory automation.
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