Wed.Nov 29, 2023

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My Friends Bought a Home at a 2.75% Mortgage Rate. Here's Why They Totally Regret It

The Motley Fool

Image source: Getty Images Everyone who's not a starfish living under a rock is likely aware of recent mortgage rate hikes. The median monthly payment on a new mortgage has doubled from $1,500 to $3,000 since January 2021, according to data from The Kobeissi Letter. In other words, home buyers who snagged homes during those days of low rates got good deals.

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Madison Dearborn Partners snaps up T2S Solutions

PE Hub

T2S provides R&D, prototyping, engineering, integration and technology products. The post Madison Dearborn Partners snaps up T2S Solutions appeared first on PE Hub.

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Why Petco Stock Was Rolling Over Today

The Motley Fool

Shares of Petco Health and Wellness (NASDAQ: WOOF) were headed to the doghouse today after the pet products retailer posted disappointing results in its third-quarter earnings report. The company missed estimates on the top and bottom lines and cut its guidance for the full year as management cited a "challenging consumer environment." As of 10 a.m.

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NewSpring brings its playbook to sports marketer Underdog

PE Hub

NewSpring bought Underdog in June and announced its first add-on earlier in November. The post NewSpring brings its playbook to sports marketer Underdog appeared first on PE Hub.

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3 Things You'll Need to Get Pre-Approved for a Mortgage

The Motley Fool

Image source: Getty Images Getting pre-approved for a mortgage loan is very important. If you are thinking about buying a house , you'll need to know how much the bank is willing to lend you and what your mortgage might cost. You'll also need to be ready to show your pre-approval letter to sellers when you make an offer. They'll want to see it so they know you can actually get the financing you need to go through with the deal.

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Blackstone to buy pet care provider Rover in a $2.3bn take-private deal

PE Hub

Rover is an online marketplace for pet care. The post Blackstone to buy pet care provider Rover in a $2.3bn take-private deal appeared first on PE Hub.

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Osceola Capital-backed Talent Groups buys Progilisys

PE Hub

Progilisys is an IT staffing and IT-managed service provider. The post Osceola Capital-backed Talent Groups buys Progilisys appeared first on PE Hub.

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Is Realty Income Stock a Buy Now?

The Motley Fool

Great dividend stocks are about a lot more than the yield. A very high yield can actually be a sign of impending problems and point to risk. Many investors love dividend stocks, but they're even more important for retirees or others who rely on passive income, and dividend safety is a premier feature of great dividend stocks for these investors. Other features you want to look for in a quality dividend stock are company growth, dividend growth, and management's commitment to shareholder value.

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KKR takes full ownership of Global Atlantic; NewSpring builds out sports marketing platform

PE Hub

KKR will acquire the remaining 37 percent stake in insurance company Global Atlantic. The post KKR takes full ownership of Global Atlantic; NewSpring builds out sports marketing platform appeared first on PE Hub.

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Thinking About Buying a Dividend Stock? Read This First

The Motley Fool

Many investors favor dividend stocks for their ability to reduce volatility, create capital gains in down markets, and provide steady income for long-term shareholders. However, it is well known that growth stocks have outperformed income stocks by a wide margin since 2007. Some academic studies have suggested that this performance gap between growth and dividend/value stocks may be due to the structural changes in the U.S. economy over the last 40 years.

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Patricof Co injects capital into IMG Academy

PE Hub

IMG Academy is a global sports education institution. The post Patricof Co injects capital into IMG Academy appeared first on PE Hub.

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3 Reasons Rivian Stock Is a Buy Now

The Motley Fool

Just about every investor would be thrilled to discover the next Tesla (NASDAQ: TSLA) , and the truth is they may not find a stock that rockets quite like the well-known electric vehicle maker. However, investors can still benefit from an excellent young competitor to ride the wave as mass adoption of electric vehicles (EVs) takes place. Here are three reasons why Rivian Automotive (NASDAQ: RIVN) might be the best option right now.

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KKR to buy Global Atlantic’s remaining 37% stake for $2.7bn

PE Hub

Global Atlantic is an insurance company. The post KKR to buy Global Atlantic’s remaining 37% stake for $2.7bn appeared first on PE Hub.

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These 2 Auto Stocks Are Hitting the Gas in Wednesday's Rally

The Motley Fool

Stocks have enjoyed a nice rally in November, and Wall Street looked poised to see the good times continue on Wednesday morning. With investors having largely concluded that the Federal Reserve is likely to cut interest rates next year rather than raise them, some believe that a renewed bull market is now inevitable. Stock index futures were up about half a percent before the open.

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Emerald Lake-backed Inno-Pak bags Albany Packaging

PE Hub

Albany Packaging is a folding paperboard cartons manufacturer. The post Emerald Lake-backed Inno-Pak bags Albany Packaging appeared first on PE Hub.

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Prediction: 2 Unstoppable Stocks Will Join Apple, Microsoft, Amazon, Alphabet, and Nvidia in the $1 Trillion Club in 2024

The Motley Fool

Ten years ago, it was nearly inconceivable that an American company could have a trillion-dollar market cap. But in 2018, technology giant Apple became the first private organization in the world to amass a $1 trillion valuation on the back of its flagship iPhone. Microsoft , Amazon , and Google parent Alphabet joined Apple in that exclusive club soon after.

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New Heritage Capital Closes Oversubscribed $438m Fund

Private Equity Insights

New Heritage Capital (“Heritage”) announced today the closing of its oversubscribed fourth fund, New Heritage Capital IV, L.P. (the “Fund”), at $438m in total capital commitments, exceeding its target of $350m. Heritage is a Boston-based private equity firm focused on partnering with high-growth, founder-owned businesses in the middle market. Since its founding in 2006, Heritage has raised approximately $1bn in committed capital and invested in more than 15 platform companies and 30 add-on acqui

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3 Housing Market Predictions for 2024

The Motley Fool

Image source: Getty Images Many people struggled to buy homes in 2023. If you were one of them, you may be wondering what the housing market has in store for 2024. Without a crystal ball, we can't be certain. But based on what we know about the real estate market as well as the economy, here's what prospective buyers can expect in the new year. 1. Home prices are likely to stay high In the third quarter of 2023, the median home sale price on a national level was $431,000, according to Federal Re

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Blackstone Makes Big Bet on Pet Care with $2.3bn Rover Deal

Private Equity Insights

Rover Group, Inc. (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 $2.3bn. Under the terms of the agreement, Rover stockholders will receive $11.00 per share in cash, representing a premium of approximately 61% to the volume weighted average share price of Rover

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Nvidia's New Partnership With Amazon Intensifies AI Competition

The Motley Fool

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of Nov. 29, 2023. The video was published on Nov. 29, 2023. 10 stocks we like better than Nvidia When our analyst team has a stock tip, it can pay to listen.

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Carlyle Faces Gabon’s Preemption in $1.3bn Assala Energy Deal

Private Equity Insights

Gabon’s national oil firm is seeking to use its right of first refusal to acquire Carlyle’s (CG.O) Assala Energy after the private equity giant agreed to sell the business for $1.3bn to France’s Maurel & Prom, three sources told Reuters. Gabon Oil Company (GOC) last week sent Carlyle International Energy Partners (CIEP) a letter informing it wanted to preempt Maurel & Prom’s (MAUP.PA) deal, exercising a right it has under local law, three sources close to the deal

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3 Tricks to Saving Money on Amazon During the Holidays

The Motley Fool

Image source: Getty Images The holidays can be a truly overwhelmingly expensive time of the year. From the period of late November through late December, your credit card bills might easily be double what they are in a typical month. This especially holds true if you're traveling during the holidays and buying gifts. If you're someone who tends to shop on Amazon, you may be aware that it's more than possible to find your share of good bargains on the site all year round.

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Onex Weighs Sale of UK Health-Care Staffing Business Acacium, Valued at $1.5bn

Private Equity Insights

Canadian investment firm Onex Corp. is evaluating options including a potential sale of UK health-care staffing business Acacium Group, according to people familiar with the matter. The Toronto-based company is working with advisers at Bank of America Corp. to help identify potential suitors for the business, the people said, asking not to be identified as the information is private.

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Forget Shopify, These E-Commerce Stocks Are Much Better Buys

The Motley Fool

Shopify went public in 2015 and has rewarded shareholders with returns in excess of 2,600%. The company helps millions of merchants build out an e-commerce presence, which has resulted in hundreds of millions of people buying from Shopify merchants annually. Shopify's place in the e-commerce ecosystem is important and won't be going away for the foreseeable future.

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Permira-Backed Alter Domus Explores Sale of Stake, Valued at $4.4bn+

Private Equity Insights

The owners of fund administrator Alter Domus are pursuing the sale of a stake in the Luxembourg-based group that could value it at more than $4.4bn, three people familiar with the matter told Reuters. The shareholders, which include the company’s founders and buyout firm Permira, have been working with bankers at Goldman Sachs (GS.N) and Raymond James (RJF.N) to gauge interest in the business, said the people, who spoke on condition of anonymity.

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Is Zscaler Stock a Buy Now?

The Motley Fool

Zscaler 's (NASDAQ: ZS) stock sank 7% during after-hours trading following its latest earnings report before reclaiming that lost ground on the following day. For the first quarter of fiscal 2024, which ended on Oct. 31, the cloud-based cybersecurity company's revenue rose 40% year over year to $497 million and exceeded analysts' expectations by $23 million.

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LLCP Sells Therapeutic Research Center to Gridiron

Private Equity Professional

Levine Leichtman Capital Partners (LLCP) has sold Therapeutic Research Center to Colibri Group, a portfolio company of Gridiron Capital. Therapeutic Research Center (TRC) is a research, analytic, and information services company that provides evidence-based drug therapy and medication management recommendations to healthcare professionals and institutions including pharmacists, pharmacy technicians, prescribers, and nurses.

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2 Cryptocurrencies That Are Down 85% From Their All-Time Highs and Ready to Pop

The Motley Fool

Despite the recent bull market rally, many top cryptos are still trading at a hefty discount to their all-time highs. Bitcoin , for example, is still trading at a 45% discount to its all-time high of $68,790. And Ethereum (CRYPTO: ETH) is still trading 59% below its all-time high of $4,891. Dig a little bit deeper, and you can find billion-dollar cryptos trading anywhere from 70% to 90% below their all-time highs.

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Bay Grove-Backed Lineage Logistics Eyes $30bn IPO

Private Equity Insights

Temperature-controlled storage and logistics provider Lineage Logistics has been reported to be pursuing a more than $30bn initial public offering for next year. Backed by private equity firm Bay Grove, Novi, Michigan-based Lineage is the largest cold storage real estate investment trust in the world. The company has amassed a portfolio of more than 400 facilities and 2.5 billion cubic feet of space across North America, Europe and the Asia-Pacific since 2008.

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1 Artificial Intelligence (AI) Stock to Buy Hand Over Fist, and 1 to Avoid Before the 2024 Bull Market

The Motley Fool

After a disastrous performance in 2022 (the worst in the past decade), the stock market has so far made a solid recovery in 2023. The benchmark S&P 500 index is currently up by 27.4% from its bear market low in October 2022 and only 5% below its all-time high reached in January 2022. A bull market has not officially begun just yet (it requires a 20% increase from the bear market low and setting a new all-time high), but the current trading environment hints at one looming right around the co

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Bain Capital-backed Rocket Software Buys OpenText’s AMC Business for $2.275bn

Private Equity Insights

Bain Capital-backed Rocket Software, Inc. (“Rocket Software”), a global technology leader driving modernization for the world’s largest companies, today announced it has signed a definitive agreement to acquire the Application Modernization and Connectivity business (AMC) of OpenText (NASDAQ: OTEX), (TSX: OTEX), which was formerly part of Micro Focus.

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5 Awesome Christmas Gifts at Costco for Under $30

The Motley Fool

Image source: Getty Images If you're stressed out about the number of holiday gifts you need to buy this year, you're no doubt in good company. And if you're short on funds, you may be wondering how on earth you're going to find something for everyone on your list without ending up with a massive pile of credit card debt. If you're a Costco member, though, you're in luck.

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Fajr Capital and Moopen Family Team Up for $1.01bn Acquisition of Aster DM’s Gulf Business

Private Equity Insights

Aster DM Healthcare to sell Gulf business to Alpha GCC for $1.01bn. Alpha GCC will be owned by the promoter group of Aster India and funds managed by Middle East private equity firm Fajr Capital Advisors. The move is part of its plan to separate its operations in India and the Gulf countries. Aster DM Healthcare will offload the 65% stake held by its wholly-owned subsidiary, Affinity Holdings, in Aster DM Healthcare FZC—the holding firm of GCC businesses—to Alpha GCC Holdings.

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5 Reasons McDonald's Stock Is an Ideal Income Investment to Buy and Hold Until Retirement

The Motley Fool

If you want to retire comfortably, you'll need close to $1.3 million by the time you're ready to stop working. That's the magic number Americans estimate they'll need, according to a survey from Northwestern Mutual earlier this year. It can seem like a staggering amount of money. But even if you don't reach that total, by maximizing your returns and growing your portfolio as much as you can, you'll set yourself up for a better retirement.

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