Wed.Sep 13, 2023

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Eurazeo-backed BMS picks up two Canadian insurance brokers

PE Hub

Smith & Reid Insurance Brokers and O’Neil Insurance Brokers are both headquartered in Ottawa. The post Eurazeo-backed BMS picks up two Canadian insurance brokers appeared first on PE Hub.

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Time for Dominion Energy to Tell Investors More About Its Long-Term Plans

The Motley Fool

I have issues with the corporate review that Dominion Energy (NYSE: D) announced when it reported third-quarter 2022 earnings last year. One problem has gotten increasingly upsetting, as it speaks to a management team that in my view isn't thinking enough about its investors, of which I'm one (for now). I've been stuck waiting in an information void even though the company is already making big corporate changes.

Investors 246
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Mubadala invests $1bn in Blue Owl Capital to co-invest in private credit opportunities

Private Equity Insights

Mubadala Investment Company , Abu Dhabi’s sovereign investment arm, has formed a strategic partnership with New York-based alternative asset manager Blue Owl Capital as it seeks to co-invest in private credit opportunities amid a tightening monetary environment around the world. The partnership was established with a $1bn commitment to Blue Owl’s credit platform and will initially focus on its technology lending strategy, which provides financing solutions for several technology and software

Capital 246
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3 Reasons I Don't Like Aldi as Much as I Used To

The Motley Fool

Image source: Getty Images At some point in 2022, I discovered Aldi and began shopping there weekly. I found that I was able to save money on my grocery bill by purchasing certain produce items there. And since I happen to have an Aldi adjacent to my local Costco , it wasn't particularly out of my way. But over the past few months, I've become less enamored with Aldi.

Financing 246
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RedBird-backed Arax Investment Partners to buy financial advisor Ashton Thomas Private Wealth

PE Hub

Based in New York City, Arax is a wealth management firm. The post RedBird-backed Arax Investment Partners to buy financial advisor Ashton Thomas Private Wealth appeared first on PE Hub.

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1 Chip Stock to Buy and Hold for the Next Decade

The Motley Fool

Whether it's speculation over a company's advancements in artificial intelligence (AI) or a return to growth for formerly high-flying software stocks, odds are you've been jumping for joy so far this year if you're a technology investor. The tech-heavy Nasdaq Composite index is up over 30% year to date, and it could be heading even higher. One stock in particular comes to my mind when I think of this strong rally: semiconductor and AI specialist Nvidia (NASDAQ: NVDA).

Banks 246

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Disney Flinched: 3 Things Investors Need to Know About Its Deal With Charter's Spectrum

The Motley Fool

The standoff between Walt Disney (NYSE: DIS) and cable company Charter Communications (NASDAQ: CHTR) is finally over! On Monday, the two organizations came to a pricing agreement that both could live with, restoring Spectrum Cable's programming from Disney's television network ABC, The Disney Channel, and perhaps most notably, from sports-focused ESPN.

Investors 246
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GCM Grosvenor to invest up to $100m in energy supplier Vesper Energy

PE Hub

GCM Grosvenor will acquire a minority ownership stake in Vesper Energy. The post GCM Grosvenor to invest up to $100m in energy supplier Vesper Energy appeared first on PE Hub.

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Here's Why You Might Struggle to Get a Mortgage Even if Your Credit Is Excellent

The Motley Fool

Image source: Getty Images You'll often hear that if you're looking to apply for a mortgage , it's important to focus on your credit score. It takes a minimum credit score of 620 to qualify for a conventional mortgage. But some mortgage lenders may insist on a higher score than that. And the higher your credit score is, the more competitive an interest rate you're likely to get on your mortgage.

Debt 246
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Sagard launches first Mideast office in Abu Dhabi

PE Hub

The office will be led by Firas Mallah, a Sagard managing director and head of the Middle East. The post Sagard launches first Mideast office in Abu Dhabi appeared first on PE Hub.

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The Biden Administration Has Already Given $45 Billion in Public Service Loan Forgiveness -- Here's Exactly Who Qualifies

The Motley Fool

The Biden Administration recently announced that it has forgiven a total of $116 billion in federal student loan debt since taking office, including $45 billion through the Public Service Loan Forgiveness program. The program got off to a rocky start once people started becoming eligible several years ago, but the Biden Administration has taken steps to make it easier and more straightforward for borrowers who have completed the work requirements to get their loan balances wiped clean.

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Roebling Capital Partners invests in field hockey distributor Longstreth Sporting Goods

PE Hub

John Schaefer and David Dahle serve as co-owners of Longstreth. The post Roebling Capital Partners invests in field hockey distributor Longstreth Sporting Goods appeared first on PE Hub.

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U.S. Household Incomes Swallowed Up By Inflation

The Motley Fool

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. Wage growth failed to keep pace with searing inflation last year, resulting in a drop in U.S. household incomes for a third year in a row, according to Census Bureau data released Tuesday.

Investing 246
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Motive Partners: New SEC rules will drive demand for financial data

PE Hub

Motive Partners acquired a majority stake in investment data provider With Intelligence in July in a £400m deal. The post Motive Partners: New SEC rules will drive demand for financial data appeared first on PE Hub.

Stakes 199
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The Lesser-Known Social Security Rule That Could Save Your Retirement

The Motley Fool

The Social Security benefit you receive each month might play a crucial role in your retirement finances. So it's important to sign up for benefits strategically. You're entitled to your full monthly benefit based on your individual wage history once you reach full retirement age , or FRA, which is 67 for anyone born in 1960 or later. But you're allowed to sign up for benefits as early as age 62.

Financing 246
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PSP-backed FirstLight Power to acquire clean power producer Hydroméga

PE Hub

The transaction is expected to close in the fourth quarter of this year. The post PSP-backed FirstLight Power to acquire clean power producer Hydroméga appeared first on PE Hub.

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My Husband and I Bought New Construction. Here Are the Main Reasons We'd Never Do It Again

The Motley Fool

Image source: Getty Images When my husband and I sold our starter home in a day , we knew we'd need to move quickly to find a new place to live. And we ultimately settled on a new construction home in our same neighborhood. We knew that by purchasing a home being built from the ground up, we'd end up with a higher mortgage payment than with an existing home.

Taxes 246
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Software firm picks up investment from PSG

PE Hub

In conjunction with this investment, PSG Managing Director Marco Ferrari and Principal Chris Nesbitt will join Versatile's board of directors. The post Software firm picks up investment from PSG appeared first on PE Hub.

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Concerning News for Apple Stock Investors

The Motley Fool

In this video, I will talk about recent announcements by Apple (NASDAQ: AAPL) and explain why Apple stock is very expensive compared to its 10-year average, especially as the company's growth is slowing down. Investors might want to look elsewhere, despite Apple's incredible buyback record. *Stock prices used were from the trading day of Sept. 12, 2023.

Investors 246
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Senators probe SEC chair on private fund rules; Motive Partners sees opportunities with enhanced regulations

PE Hub

The Senate dissects SEC's new private funds rules. The post Senators probe SEC chair on private fund rules; Motive Partners sees opportunities with enhanced regulations appeared first on PE Hub.

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Is Disney a Buy After Making a Deal With Charter?

The Motley Fool

Disney (NYSE: DIS) shareholders have experienced a nasty downturn over the past couple of years that has led to doubts about the company's long-term prospects. In fact, this February I warned Disney's stock was at risk due to several company-specific and industrywide challenges, noting I had greatly reduced my personal stake to a negligible amount. However, the stock has fallen another 20% since then.

Stakes 246
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AIMCo opens Singapore office

PE Hub

Kevin Bong is leading AIMCo in Asia, serving as senior managing director, chief investment strategist and head of Singapore. The post AIMCo opens Singapore office appeared first on PE Hub.

Investing 193
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The 5 Best Deals From Costco's September 2023 Coupon Book

The Motley Fool

Image source: Getty Images What's better for your personal finances than Costco prices? Costco sale prices, of course. And we're smack in the middle of all the sales from the September 2023 Coupon Book. (Deals extend through Sept. 24, 2023.) Of course, the best deals are subjective -- the best deal for you is going to be a sale for something that you'd already planned (and budgeted ) to buy.

Financing 246
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GTCR snaps up foundation management services firm Foundation Source

PE Hub

Also, Joseph Mrak III has joined Foundation Source as CEO. The post GTCR snaps up foundation management services firm Foundation Source appeared first on PE Hub.

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Why Evolution Petroleum Stock Dived by 21% Today

The Motley Fool

What happened Evolution Petroleum (NYSEMKT: EPM) came up well short of analyst expectations with its latest earnings report, and investors punished the company for it. The oil and gas stock's price took a nearly 21% hit on the day as a result, providing quite a contrast with the rising S&P 500 index, which closed 0.1% higher. So what Evolution published its fourth quarter and full-year results for fiscal 2023 after market hours on Tuesday.

Investors 246
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Palladium promotes Funk, Mitchell and Lehman to partner

PE Hub

Also, Palladium has named Dale O’Connell as managing director, co-head of fundraising and investor relations. The post Palladium promotes Funk, Mitchell and Lehman to partner appeared first on PE Hub.

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Disney's Lost Decade and Next Act

The Motley Fool

In this podcast, Motley Fool host Dylan Lewis and analysts Jason Moser and Matt Argersinger discuss: How some investors might be tempted to move out of stocks given the yields elsewhere. The latest with Disney , including its plans to take full ownership of Hulu, and what investors should make of its lost decade. New York City's rules affecting Airbnb , what it means for the company, and what it says about the state of housing and short-term rentals.

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Insight Partners and OA Private Capital lead growth recap of software firm Advantive

PE Hub

Advantive was formed in 2022 by TA Associates and ST6, a team of software operating executives. The post Insight Partners and OA Private Capital lead growth recap of software firm Advantive appeared first on PE Hub.

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1 Analyst Says 3 Artificial Intelligence (AI) Growth Stocks Will Join the $3 Trillion Club and Could Leave Apple in the Dust Over the Coming Decade. Is She Right?

The Motley Fool

Over the past few years, it seemed that Apple (NASDAQ: AAPL) was unstoppable. The iPhone maker was a founding member of the $1 trillion club in mid-2018, and while the company has occasionally ceded its title as the world's most valuable company, if ever so briefly, Apple has always come roaring back, reestablishing itself at the top of the heap. The company was also a charter member of the $2 trillion club and saw its market cap briefly eclipse $3 trillion earlier this year, the first U.S. publ

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General Atlantic invests in vet care platform GoodVets Group

PE Hub

GoodVets is also backed by SkyKnight Capital. The post General Atlantic invests in vet care platform GoodVets Group appeared first on PE Hub.

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2 Undervalued Dividend Stocks to Buy Now

The Motley Fool

If you're looking for dividend stocks that offer both attractive yields and strong growth prospects, you might want to consider AbbVie (NYSE: ABBV) and Bristol Myers Squibb (NYSE: BMY). Both of these healthcare giants have impressive track records of rewarding shareholders with consistent dividend payments and increases, as well as robust pipelines of innovative drugs that could drive future earnings growth.

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Dunes Point Enters Electrical Supply Distribution Sector

Private Equity Professional

Dunes Point Capital has acquired Warshaw Supply, a supplier of electrical products used in the commercial and multi-family end markets. Warshaw has an extensive catalog of products ranging from simple electrical boxes, covers and conduit to sophisticated cords, cabling, lighting and wiring. According to Warshaw, almost every electrical distributor in its territory purchases one or… This content is for members only.

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Albemarle Wants to Consolidate Lithium Production With a Key Acquisition -- Is the Stock a Buy?

The Motley Fool

Electric vehicle (EV) production is a top priority among automakers this year. However, for miners and refiners of lithium, a key raw ingredient in the manufacture of the big batteries needed in EVs, 2023 has been a story of commodity pricing. You see, lithium demand is soaring, but that's not the only driver of revenue for lithium producers. Final pricing on the material is also a key factor.

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Dubin Clark Sets Stage, Exits InProduction

Private Equity Professional

Dubin Clark has sold its portfolio company InProduction, a provider of rental staging and seating, to ZMC Management. Dubin Clark first invested in InProduction – then Michigan-based SGA Production Services – in 2015 and closed four add-on acquisitions during its ownership term. The first add-on was the buy of T&B Equipment Company, a Virginia-based provider… This content is for members only.