The Motley Fool

AUGUST 9, 2023

Cathie Wood is back on the track. The co-founder CEO of the Ark Invest family of exchange-traded funds (ETFs) is rolling again with her aggressive style of disruptive growth stocks. Her largest ETF is up 44% in 2023, beating the market after back-to-back years of terrible returns. Is she ready to party like it's 2020 again? Ark Invest went shopping on Tuesday, and we know what she's buying and selling since Ark Invest puts out daily transaction reports.

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Exchange-Traded Funds Stakes Funds Returns 246

Private Equity Insights

AUGUST 9, 2023

Private equity giant KKR said on Tuesday it had acquired a $373m portfolio of prime auto loans from Synovus Bank. Shares of Synovus Financial, the parent company of the bank, rose 2.8% in extended trading. KKR, which made the investment through its private credit funds and accounts, said the deal aligns with its asset-based finance strategy. The sale comes as regional banks shed consumer loan portfolios to reduce risk in a rising interest rate environment and look to improve balance sheet liquid

Portfolios 246

Portfolios Private Equity Firms Private Equity Firms Bidding 246

The Motley Fool

AUGUST 9, 2023

When it comes to oncology therapies, most people probably think about drugs, but NovoCure (NASDAQ: NVCR) has a radically different approach. Its portable anti-cancer device is already on the market, and it appears to be a helpful add-on treatment for glioblastoma. With time, it could nab further regulatory approvals for other indications, massively expanding its addressable market as a result.

Shareholders 246

Shareholders Companies Portfolios Investing 246

Private Equity Insights

AUGUST 9, 2023

Fiesta Restaurant Group, Inc. parent company of the Pollo Tropical® restaurant brand, and Authentic Restaurant Brands, a portfolio company of Garnett Station Partners, a New York-based principal investment firm, today announced that they have entered into a definitive agreement under which a wholly owned subsidiary of ARB will acquire the Company in an all-cash transaction for $225m, according to QSR ARB is a holding company with a portfolio of powerhouse, iconic regional food and beverage bran

Portfolios 237

Portfolios Private Equity Firms Private Equity Firms Legal 237

The Motley Fool

AUGUST 9, 2023

If the past couple of years have taught investors anything, it's that Wall Street can be fickle. Investors have been taken on an emotional roller-coaster, with the major indexes launching to new highs in 2021, plummeting into a bear market in 2022, and roaring back through the first seven months and change of 2023. But while the stock market remains something of an enigma over short periods, it's been a surefire wealth creator when examined over decades.

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Conglomerates Debt Investors Companies 246

PE Hub

AUGUST 9, 2023

As a result of this transaction, Engage PEO's existing backer Lightyear Capital and the Engage management team will retain a minority investment. The post Kohlberg to acquire HR solutions provider Engage PEO appeared first on PE Hub.

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Capital Investing 206

PE Hub

AUGUST 9, 2023

The newly formed cybersecurity consulting practice will be branded SIG Cyber. The post Fort Point-backed Strata Information Group buys cybersecurity firm Triaxiom Security appeared first on PE Hub.

Consultants 203

Consultants Consulting 203

The Motley Fool

AUGUST 9, 2023

What happened Shares of PubMatic (NASDAQ: PUBM) lost 29.8% of their market capitalization through 10:05 a.m. ET today despite the company having reported a modest earnings beat last night. Heading into Q2 2023, analysts had forecast the cloud-based ad sales platform would lose $0.06 per share on $59.9 million in sales. PubMatic actually reported a $0.02-per-share profit , however, and sales of $63.3 million.

Accounting 246

Accounting Capital Investors Returns 246

PE Hub

AUGUST 9, 2023

TA Associates and Warburg Pincus buy Epassi from Bregal Milestone. The post Bregal Milestone reaps 5x on Epassi Group exit; industry awaits incoming PE rules appeared first on PE Hub.

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The Motley Fool

AUGUST 9, 2023

What happened Shares of Dutch Bros (NYSE: BROS) were up 22% as of 10:54 a.m. ET on Wednesday after the company's second-quarter earnings results. While revenue missed estimates, adjusted earnings per share of $0.13 significantly beat the consensus estimate calling for $0.07. So what The market wasn't pleased with the company's first-quarter results, especially with the $9.4 million loss on the bottom line and a decline in same-shop sales.

Companies 246

Companies Returns Investors Investing 246

PE Hub

AUGUST 9, 2023

Tango is a provider of cloud-based real estate and facilities management software. The post Berkshire Partners-backed Tango picks up energy management platform WatchWire appeared first on PE Hub.

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The Motley Fool

AUGUST 9, 2023

If things continue at their current pace, 2023 will go down in history as the year artificial intelligence (AI) broke out. The viral debut of ChatGPT late last year was the catalyst for the ongoing AI revolution, and its shows no signs of slowing. Why all the excitement? Simply put, by identifying patterns within existing data, generative AI can create original content based on what it learns.

Venture Capital 246

Venture Capital Leveraging Capital Companies 246

PE Hub

AUGUST 9, 2023

NeXtWind is a German renewable energy company that acquires and repowers onshore wind farms. The post Sandbrook, PSP Investments, IMCO to acquire NeXtWind Capital appeared first on PE Hub.

Capital 198

Capital Investing Companies 198

The Motley Fool

AUGUST 9, 2023

What happened Shares of Axon Enterprise (NASDAQ: AXON) leaped 17.7% higher through 10:25 a.m. ET on Wednesday after the company reported a huge earnings beat last night. Heading into Q2 2023, analysts had forecast the maker of Taser stun guns and Axon police body cameras would earn only $0.62 per share on $350.5 million in sales. But then Axon went and reported a profit of nearly double what was expected -- $1.11 per share -- and a beat on sales as well -- $374.6 million.

Accounting 246

Accounting Capital Returns Companies 246

PE Hub

AUGUST 9, 2023

Prior to Edison, he was a director at PeakEquity Partners focused on enterprise software. The post Edison Partners recruits Laufer as principal appeared first on PE Hub.

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The Motley Fool

AUGUST 9, 2023

The U.S. economy stunned analysts in the second quarter as gross domestic product increased at an annualized rate of 2.4%, an acceleration from 2% growth in the first quarter. That momentum was due in large part to a rebound in business investments, though increases in consumer and government spending also contributed. An economy that's growing faster than expected is good news for investors, as it portends better-than-expected financial results for many companies, which could easily lead to sha

Earnings Before Interest 246

Earnings Before Interest Amortization Depreciation Accounting 246

PE Hub

AUGUST 9, 2023

PeopleGrove is a provider of career mentorship, experiential learning and alumni engagement software for higher education institutions. The post Riverside Company-backed PeopleGrove scoops up edtech firm JobZology appeared first on PE Hub.

Companies 187

Companies Education 187

The Motley Fool

AUGUST 9, 2023

Image source: Getty Images No matter your age or income level, you need a fully loaded emergency fund in case surprise bills pop up. You should aim for enough money in your savings account to cover three full months of essential bills. That way, if you were to lose your job, you'd have cash reserves to tap in the interim. But unfortunately, data from SecureSave reveals that 67% of Americans don't have enough money in savings to cover an unplanned $400 expense.

Accounting 246

Accounting Funds Companies Financing 246

PE Hub

AUGUST 9, 2023

Schneider Geospatial is a GIS-based SaaS provider of land and asset management solutions for the GovTech industry. The post ACP-backed Schneider Geospatial scoops up property assessment software provider Spatialest appeared first on PE Hub.

Asset Management 186

Asset Management Assets 186

The Motley Fool

AUGUST 9, 2023

Alzheimer's patients could soon have more treatment options available. Biogen 's Leqembi obtained approval from the U.S. Food and Drug Administration earlier this year, and another treatment from Eli Lilly , donanemab, may not be far behind. The one drawback, however, is that those drugs treat Alzheimer's when the disease is in its early stages , and thus, many people won't be able to benefit from them.

Companies 246

Companies Returns Investors Investing 246

PE Hub

AUGUST 9, 2023

The deal is set to be one of the largest in Europe so far this year, and the largest whole-portfolio transaction in the region. The post Slate Asset Management to close €1bn German portfolio acquisition appeared first on PE Hub.

Asset Management 186

Asset Management Assets Portfolios 186

The Motley Fool

AUGUST 9, 2023

Buying industry-leading companies in industries with growth potential tends to produce delightful results for dividend investors. This is because such businesses can generate revenue and earnings growth, which can fuel rising dividend payments. The medtech juggernaut Stryker (NYSE: SYK) has been a tremendous dividend grower over the years. But is the stock still a buy for investors searching for dividend growth?

Investors 246

Investors Prospects Capital Accounting 246

PE Hub

AUGUST 9, 2023

The partnership with Cadent marks the fourth platform investment of Novacap TMT VI. The post Novacap acquires TV brand advertising platform Cadent appeared first on PE Hub.

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Investing 185

The Motley Fool

AUGUST 9, 2023

Going, going, gone? We could soon find out whether that statement applies to the S&P 500. The major index is only around 6% below its all-time high. Reaching that milestone is the only remaining box to check for an irrefutable new bull market to be declared. With a new bull market in sight, here are three top dividend stocks to buy sooner rather than later. 1.

Banks 246

Banks Prospects Assets Returns 246

PE Hub

AUGUST 9, 2023

Dieter’s Accessories is a Cambridge, Ontario-based maker of heavy-duty truck parts and stainless-steel accessories. The post Heartwood Partners-backed High Bar Brands bags Dieter’s Accessories appeared first on PE Hub.

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The Motley Fool

AUGUST 9, 2023

Only seven years ago, AT&T and General Electric were the eighth- and ninth-largest American companies by market cap, respectively. Today, AT&T has fallen to 81st, while General Electric is 65th. A lot can happen in only seven years. So, which American companies will hold the top five spots in 2030? Here's how I see it. Image source: Getty Images. 1.

Companies 246

Companies Returns Investors Investing 246

PE Hub

AUGUST 9, 2023

Founded in 2007, Epassi has over 13 million users. The post TA Associates and Warburg Pincus acquire employee benefits app Epassi from Bregal Milestone appeared first on PE Hub.

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The Motley Fool

AUGUST 9, 2023

What happened Shares of electric truck maker Rivian (NASDAQ: RIVN) were plunging in Wednesday trading, falling as much as 9.9% before settling into a 7.7% decline as of 1:24 p.m. ET. What was strange about this decline was that Rivian reported relatively better-than-expected results last night and also gave better-than-expected guidance for 2023 production.

Earnings Before Interest 246

Earnings Before Interest Amortization Depreciation Debt 246

PE Hub

AUGUST 9, 2023

Tech24 is a national provider of repair and maintenance services for foodservice and commercial HVAC equipment. The post HCI Equity-backed Tech24 snaps up Pronto Repairs appeared first on PE Hub.

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The Motley Fool

AUGUST 9, 2023

What happened 3D Systems (NYSE: DDD) had a bad Hump Day. A once-hot stock in the 3D printing segment that had a brief spurt of popularity some years ago, 3D Systems' shares lost more than 8% of their value following the release of fresh quarterly results. That performance was significantly worse than the 0.7% drop of the bellwether S&P 500 index on the day.

Companies 246

Companies Returns Investors Investing 246

PE Hub

AUGUST 9, 2023

KKR has made 65 ABF investments globally since 2016 through a combination of portfolio acquisitions, platform investments and structured investments. The post KKR buys Synovus Bank’s $373m portfolio of auto loans appeared first on PE Hub.

Portfolios 169

Portfolios Banks Investing 169

The Motley Fool

AUGUST 9, 2023

What happened In most instances, only one winner can emerge from an athletic contest. That was the dynamic on Wednesday with online sports-wagering specialist DraftKings (NASDAQ: DKNG). Following the announcement that a rival had signed a potentially lucrative deal with a top name in the sports world, DraftKings' shares closed the day down by almost 11%.

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Returns Investors Companies Investing 246

PE Hub

AUGUST 9, 2023

Most recently, he was head of private credit with Midwest Holding. The post Cresset taps Schneider as private credit head appeared first on PE Hub.

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The Motley Fool

AUGUST 9, 2023

A good idea for strong potential returns is to invest behind broad secular trends that are experiencing rapid growth. Technology is having an impact on consumer behavior, and the smartest investors can spot these changes and improve their portfolios. Readers are certainly familiar with the streaming industry. While companies like Netflix and Walt Disney get a lot of attention, investors should turn their attention to a much smaller industry player like Roku (NASDAQ: ROKU).

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Accounting Shareholders Returns Investors 246