The Motley Fool
JULY 20, 2023
The stock market finally took a bit of a break on Thursday, although it didn't keep the Dow Jones Industrial Average (DJINDICES: ^DJI) from posting yet another day of gains. Despite significant declines for the Nasdaq Composite (NASDAQINDEX: ^IXIC) and the S&P 500 (SNPINDEX: ^GSPC) , it's hard for investors to complain too much after the big run higher that market indexes have enjoyed this month.
PE Hub
JULY 20, 2023
Belay Advisory is an Edmonton-based benefits consulting and wealth advisory company. The post Madison Dearborn-backed Navacord acquires Belay Advisory appeared first on PE Hub.
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The Motley Fool
JULY 20, 2023
Image source: Getty Images On July 20, Walmart announced the launch of Walmart+ Assist, a discounted Walmart+ membership available to families who receive government assistance. A Walmart+ membership can unlock perks that help families save money on groceries and household essentials. With a discounted subscription fee, this service will now be accessible to more Americans.
PE Hub
JULY 20, 2023
Pyx Health was founded in 2017. The post TTCP invests in loneliness support provider Pyx Health appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
Image source: Getty Images You may already be using your library card to check out books. But many libraries offer much more than books to their communities, and you could save money by utilizing the free resources that your public library provides. For example, did you know you can use your library card to access subscriptions at no cost? While not every library has the same ones available, many offer free subscription access to its patrons.
PE Hub
JULY 20, 2023
'We have seen some PE investors ‘pause’ activity, with this temporary hiatus creating new opportunities for strategic acquirers who are able to raise financing more efficiently given prior track records and relationships,' says Maxwell Johnston, head of M&A Apex Group. The post Apex Group’s Maxwell Johnston: PE pause has opened up opportunities for strategics appeared first on PE Hub.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
PE Hub
JULY 20, 2023
The deal includes abrdn's U.S. private equity and venture capital assets as well as the investment and operational teams. The post HighVista to buy abrdn’s U.S. private markets business appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
What happened Shares of used car company Carvana (NYSE: CVNA) fell as much as 17.5% in trading on Thursday as analysts downgraded the stock and investors wondered if shares rose too high too fast. At 3 p.m. ET, shares were down 14.8% on the day. So what Shares of Carvana jumped yesterday on better-than-expected second-quarter financial results. The most impressive number was $6,520 in gross profit per vehicle, which drove positive adjusted earnings before interest, taxes, depreciation, and amort
PE Hub
JULY 20, 2023
Oddity is the parent company of beauty and wellness brands IL Makiage and SpoiledChild. The post L Catterton-backed beauty company Oddity debuts on the NASDAQ appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
Image source: Getty Images Someone in California is $1 billion richer after picking the winning Powerball numbers Wednesday night. If you're the lucky person who defied the 1-in-292,000,000 odds, you may be wondering: "Don't most lottery winners end up broke within a few years?" Whether you're holding a winning Powerball ticket or you're hoping to hit the jackpot someday, here's what to do to avoid going broke. 1.
PE Hub
JULY 20, 2023
L Catterton-backed Oddity pops in IPO debut. The post Blackstone’s Jonathan Gray: ‘Transaction activity will pick back up’; plus, L Catterton-backed IPO soared appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
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. The semiconductor market is about to hit some headwinds, according to the sector's most valuable player. TSMC, the world's largest manufacturer of the nano-sized tech that helps power pretty much everything, said Thursday it expects 2023 revenue to drop by more than it originally thought.
PE Hub
JULY 20, 2023
The deal puts Crystal Clean at a valuation of approximately $1.2 billion. The post JFLCO to acquire environmental services firm Crystal Clean appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
Image source: Getty Images What happened If you're a teacher who's been on the fence about joining Sam's Club, now's a good time to sign up. Through Aug. 15, teachers can get a basic Sam's Club membership for just $20, which is 60% off the regular cost. So what A basic Sam's Club membership costs $50 a year, while a Plus membership costs $110. The upgraded Plus membership offers the benefit of 2% cash back on qualifying purchases and other perks.
PE Hub
JULY 20, 2023
In this role, Warburton will identify and advance investments within Kimmeridge's dedicated renewable energy platform. The post Kimmeridge recruits Warburton as senior managing director appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
Wall Street was divided on Thursday, with much of the market giving up ground on concerns about the sustainability of massive upward moves in popular megacap stocks. Yet even though other benchmarks were largely down on the day, the Dow Jones Industrial Average (DJINDICES: ^DJI) powered ahead and had picked up nearly 300 points as of 12:30 p.m. ET. Two notable Dow stocks moved higher.
PE Hub
JULY 20, 2023
The transaction includes the Thornton, Illinois factory where the products are manufactured. The post Brynwood-backed West Madison Foods to acquire Marie’s salad dressing brand and Dean’s Dip products appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
Value stocks have historically outperformed most other asset classes. During the latest bear market, for instance, investors leaned heavily into value stocks as a hedge against inflation and a weakening global economy. With the tide seemingly turning in the market, however, growth stocks will probably start to outperform value-oriented assets over the next few years.
PE Hub
JULY 20, 2023
CORE, Gemspring, Frazier, AEA and Ampersand are doing medical device deals. The post Medical devices drive deals: Here are 7 recent transactions appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
Cathie Wood is the head of Ark Investment Management, which manages eight exchange-traded funds (ETFs) to give investors exposure to companies developing innovative technologies, from electric vehicles to robotics to artificial intelligence (AI). Wood is one of the most bullish voices on Wall Street when it comes to the long-term growth potential of the tech sector, and none of her stock picks embody that stance more than Tesla (NASDAQ: TSLA) , which is Ark's largest overall holding.
PE Hub
JULY 20, 2023
DGS Retail is a provider of décor, signage, fixtures, displays and other critical products to customers in the grocery, retail, foodservice and consumer brand end markets. The post SFEP-backed DGS Retail scoops up retail displays manufacturer Rich appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
Netflix (NASDAQ: NFLX) stock dropped by 8.1% in after-hours trading on Wednesday following the release of its second-quarter results. That sell-off can be attributed to investors' disappointment that the company missed Wall Street's consensus revenue expectation, and that its third-quarter revenue guidance came in weaker than analysts had been anticipating.
PE Hub
JULY 20, 2023
The buyer, Francisco Partners, is a San Francisco-based investment firm that partners with technology businesses. The post Nordic Capital’s Anderson: Buyers keen on Macrobond despite slow exit market appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
Macroeconomic headwinds last year caused steep declines across the tech sector as reductions in consumer spending hampered quarterly results. However, tech stocks have returned to favor in 2023, alongside easing inflation. As a result, now is an excellent time to fill up on tech stocks that have massive potential over the long term before they rise any higher.
PE Hub
JULY 20, 2023
Symplr is a provider of enterprise healthcare operations software. The post PE-backed Symplr taps Doetsch as CFO appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
Fool.com contributor Parkev Tatevosian considers one critical factor investors know about Canoo (NASDAQ: GOEV) stock. *Stock prices used were the afternoon prices of July 17, 2023. The video was published on July 19, 2023. 10 stocks we like better than Canoo When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.* They just revealed what they believe are the ten best stocks for inv
PE Hub
JULY 20, 2023
Midland was founded in 1979. The post LongWater Opportunities invests in manufacturer Midland Garage Door appeared first on PE Hub.
The Motley Fool
JULY 20, 2023
After dropping 50% last year, Amazon 's (NASDAQ: AMZN) stock is finally gaining momentum. It's up 59% this year, and investors are excited about what's to come. There's plenty to expect from all of Amazon's businesses. What will it look like in another five years? Let's take a look. No rival in e-commerce Amazon has about 40% of the U.S. e-commerce market, with the closest competitor at 6%.
Private Equity Insights
JULY 20, 2023
TPG Inc said on Wednesday it has agreed to buy healthcare IT platform Nextech for $1.4bn to increase the private equity firm’s presence in the healthcare services market. The deal gives TPG access to Nextech’s network of over 11,000 physicians and more than 60,000 clinics, to which it provides services. TPG has already invested in data and clinical research services provider IQVIA Holdings (IQV.N) and healthcare software companies WellSky and Lyric.
The Motley Fool
JULY 20, 2023
Fool.com contributor Parkev Tatevosian evaluates ZIM 's (NYSE: ZIM) unique dividend policy and what it could mean for ZIM stock investors. *Stock prices used were the afternoon prices of July 17, 2023. The video was published on July 19, 2023. 10 stocks we like better than Zim Integrated Shipping Services When our analyst team has a stock tip, it can pay to listen.
Private Equity Insights
JULY 20, 2023
Heritage-Crystal Clean said on Wednesday it has agreed to be acquired by private equity firm J.F. Lehman & Co for about $1.2 billion in cash, sending the waste management services company’s shares up 7.3% in extended trading. Heritage-Crystal, that provides parts cleaning and hazardous and non-hazardous waste services, said J.F. Lehman would pay $45.50 per share, an 8.5% premium to the stock’s close on Wednesday.
The Motley Fool
JULY 20, 2023
Image source: Getty Images I've had a Costco membership since the U.S. invaded Grenada (1983, for all you history buffs). Through the years, I've seen plenty of my favorites come and go. However, there are some items I can count on to be available anytime I shop. Not only do these five products stick around, but they are legitimately worth every penny I pay. 1.
Private Equity Insights
JULY 20, 2023
The mid-market private equity firm said that the fund close was the largest first-time pan-European buyout fund raised since 2020. Set up in 2020, its founding partners include Mirko Meyer-Schönherr, Edward Chandler, Ricardo de Serdio and Olivier de Vregille, all former executives at Paris-based private equity firm PAI Partners. Its other founding partner, Ronald Bell, was head of operations at sustainable infrastructure investor Actis and a managing director at Merrill Lynch Global PE.
The Motley Fool
JULY 20, 2023
Qualcomm (NASDAQ: QCOM) seems to have missed out on the buying spree that lifted the share price of so many other tech stocks in the first half of the year. Since early January, Qualcomm stock has risen 12%, well under the average S&P 500 's gains of around 19%, and even further behind the tech-heavy Nasdaq Composite 's 38% average rise. Given that the company is the market leader in 5G smartphone chipsets, its lackluster share price performance may perplex investors.
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