Tue.Oct 10, 2023

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Westland Insurance snaps up David H Coons Insurance Brokers 

PE Hub

David H Coons Insurance Brokers is a family-owned insurance brokerage located in Burlington, Ontario. The post Westland Insurance snaps up David H Coons Insurance Brokers appeared first on PE Hub.

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Warburg Pincus Raises Record $17.3bn for Largest-Ever Fund

Private Equity Insights

Warburg Pincus Global Growth 14 represents Warburg Pincus’ largest fundraise in its nearly 60-year history. Warburg Pincus, the oldest private equity firm and a leading global growth investor, today announced, together with any parallel funds, the successful close of its latest global flagship fund, Warburg Pincus Global Growth 14, L.P. (“WPGG 14”).

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Trending Sources

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Forbis joins THL as exec partner

PE Hub

In his new role, Forbis will support the firm’s efforts in identifying, sourcing, and growing investment opportunities across the bank technology sector. The post Forbis joins THL as exec partner appeared first on PE Hub.

Banks 192
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Grove Mountain Partners Sells Central States to Pave America; Retains Equity Stake

Private Equity Professional

Grove Mountain Partners has sold Central States Paving and Concrete to Pave America, a portfolio company of Shoreline Equity Partners and Trivest Partners. Grove Mountain will maintain an equity interest in the business in partnership with Shoreline and Trivest. Shoreline formed Pave America in June 2021 (then Pavement Partners) in partnership with Tom York, the… This content is for members only.

Stakes 130
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Global private equity deal value fell 40% in first three quarters

PE Hub

While PE deal value was down, the number of deals was up slightly, suggesting more activity focused on the lower mid-market, finds LSEG. The post Global private equity deal value fell 40% in first three quarters appeared first on PE Hub.

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Software Maker ClearCompany Switches Sponsors

Private Equity Professional

Gemspring Capital Management has acquired ClearCompany, a provider of human capital management software, from Primus Capital which invested in the business in August 2018. Gemspring’s investment in ClearCompany was made through its $1.7 billion third fund which closed in January 2023. ClearCompany’s talent management software platform provides a suite of services used for recruiting, performance… This content is for members only.

Capital 130

More Trending

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Kelso Forms Armada Materials

Private Equity Professional

Kelso & Company has formed Armada Materials in partnership with industry veteran Rob Duke and other industry executives. In tandem with the formation of Tampa, Florida-based Armada, the company has acquired Lewisburg, Tennessee-headquartered Volunteer Materials and its sister companies Volunteer Paving, Volunteer Sand and Gravel, Volunteer Concrete, Action Enterprise Company, and TMC Construction Services.

Companies 130
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US private equity M&A value drops 35%, finds LSEG; Parabellum, BharCap and Bonaccord sign deals

PE Hub

A data deep dive with LSEG’s Matt Toole about the dealmaking numbers for the first three quarters; a portfolio company of Parabellum Investments acquiring a digital banking software business; BharCap Partners buys a company in the insurance sector; and Bonaccord Capital making a minority investment in a healthcare-focused private equity firm. The post US private equity M&A value drops 35%, finds LSEG; Parabellum, BharCap and Bonaccord sign deals appeared first on PE Hub.

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One Sweet Deal. Pritzker Acquires Sugar Foods

Private Equity Professional

Pritzker Private Capital has acquired privately held Sugar Foods Corporation in partnership with members of the Sugar Foods management team. Sugar Foods is a producer and distributor of branded, private label and licensed products such as crunchy toppings, croutons, ready-to-use pizza toppings and beverage ingredients. Company owned brands include Fresh Gourmet, Mrs.

Capital 130
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One Rock appoints McClure as operating partner

PE Hub

In this role, McClure will be responsible for providing guidance and support on financial-related portfolio company initiatives. The post One Rock appoints McClure as operating partner appeared first on PE Hub.

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Saundra Davis On Money, Meaning, Self-Discovery, and Financial Coaching

Steve Sanduski

Guest: Saundra Davis, the Founder and Executive Director of Sage Financial Solutions , an organization that develops comprehensive financial capability programs for low- and moderate-income communities throughout the United States. Saundra is a U.S. Navy veteran, financial coach, educator, and consultant who is nationally recognized as an expert in the financial coaching field and for her work with community-based organizations that focus on asset-building for the working poor.

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Bonaccord invests in healthcare PE firm Revelstoke

PE Hub

Bonaccord is a subsidiary of P10, Inc. The post Bonaccord invests in healthcare PE firm Revelstoke appeared first on PE Hub.

Investing 214
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The Difference Between Stocks & Bonds

A Wealth of Common Sense

The 10 year Treasury yield recently hit 4.8%, its highest level since the summer of 2007. That’s higher than the dividend yield on all but 53 stocks in the S&P 500. Just four stocks out of 30 in the Dow Jones Industrial Average yield more than the benchmark U.S. government bond.1 The dividend yield on the S&P 500 has been falling for years from a combination of rising valuations and the increased usage of sh.

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QHP Capital buys Applied StemCell

PE Hub

Dr. Ruby Chen-Tsai serves as CEO of Applied StemCell. The post QHP Capital buys Applied StemCell appeared first on PE Hub.

Capital 215
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New Report: Private Credit Helps Fuel Small Businesses, Offers Significant Boost to U.S. GDP

American Investment Council

Private credit provides over $500 billion in capital to more than 3,600 businesses across America, supporting an estimated 1.6 million jobs, $137 billion in wages and benefits, and contributing $224 billion to the GDP Washington, D.C. – The American Investment Council (AIC) released a report today, prepared by EY , on the significant impact of private credit on the U.S. economy.

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Novacap-backed Cofomo closes acquisition of Agilia Solutions

PE Hub

Agilia Solutions is a digital solutions development consulting business based in Montreal. The post Novacap-backed Cofomo closes acquisition of Agilia Solutions appeared first on PE Hub.

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Establishing clarity for acquisition success 

Million Dollar Round Table (MDRT)

By D. Kyle Atkins, CLU, CFP What we found from experience, having done one acquisition and working on two others now, is to make sure we’re clear as to what the current owners are trying to achieve. The guys and the gals who are out there just for the largest amount of money, we may not be a great fit. Nevertheless, if our cultures work together, if they’re looking to sell off gradually into the sunset, well, that’s marvelous.

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Carrick Capital appoints Passalacqua as managing director and CFO

PE Hub

Her position will begin October 31, 2023. The post Carrick Capital appoints Passalacqua as managing director and CFO appeared first on PE Hub.

Capital 175
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Czech minister warns over attacks by newspaper co-owned by K?etínský

Financial Times M&A

Jozef Síkela accuses billionaire of using his media assets to criticise government’s acquisition of gas pipeline operator

Assets 101
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Windsor Private Capital to buy Bruce Telecom from municipality

PE Hub

Windsor Private Capital will own all of Bruce Telecom’s shares post the closing of the deal. The post Windsor Private Capital to buy Bruce Telecom from municipality appeared first on PE Hub.

Capital 148
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Does the future of US venture capital lie within these cities? Grand Ventures thinks so – and has a new fund to prove it

AltAssets

Grand Ventures, a VC firm focused on startups outside the traditional US hubs, has raised $50m to close its sophomore fund targeting fintech, supply chain and devops startups. The post Does the future of US venture capital lie within these cities? Grand Ventures thinks so – and has a new fund to prove it first appeared on AltAssets Private Equity News.

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BharCap acquires insurance and commercial B2B receivable firm ARMStrong

PE Hub

Lincoln International and William Blair served as financial advisors to ARMStrong and selling shareholders. The post BharCap acquires insurance and commercial B2B receivable firm ARMStrong appeared first on PE Hub.

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Ex-Landmark Health CEO passes $680m for latest Rubicon Founders healthcare fundraise

AltAssets

Rubicon Founders, the healthcare-focused investor launched by Landmark Health creator Adam Boehler, has pulled in more than $680m towards its sophomore fundraise. The post Ex-Landmark Health CEO passes $680m for latest Rubicon Founders healthcare fundraise first appeared on AltAssets Private Equity News.

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Advent International taps Van Dyke as operating partner

PE Hub

In this role, Van Dyke will play a key role in further building out Advent’s fintech franchise. The post Advent International taps Van Dyke as operating partner appeared first on PE Hub.

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Private equity’s borrowing binge faces scrutiny

Financial Times M&A

Plus, Warburg Pincus sticks to its buyout roots and the UBS/Credit Suisse lawsuits pile up

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Huron Capital buys electrical contractor RK Electric

PE Hub

The acquisition coincides with Huron Capital launching its facility services ExecFactor platform focused on the electrical services space. The post Huron Capital buys electrical contractor RK Electric appeared first on PE Hub.

Capital 130
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Did Bonds Just Bottom?

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Have Treasury Bonds Bottomed? – The crash in long-dated Treasurys since the pandemic now ranks as one of the most destructive financial crashes ever.

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Pantheon says its new private credit secondaries fund is the ‘first of its type’

AltAssets

Private markets investment major Pantheon has filed to register an evergreen private credit fund anchored in private credit secondaries. The post Pantheon says its new private credit secondaries fund is the ‘first of its type’ first appeared on AltAssets Private Equity News.

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Why Meta is in the fight of its life against OpenAI and Apple

The Reformed Broker

If you want to understand what’s happening in the US stock market these days, you need to understand what’s happening with the largest companies that make up such a heavy part of the index weighting. And to do that, you have to understand Big Tech. Which is where my friend Alex Kantrowitz comes in. He’s one of the foremost authorities on everything going on in the space.

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Australia’s richest person raises stake in lithium producer, threatening $4.3bn takeover

Financial Times M&A

Gina Rinehart’s Hancock Prospecting is muscling in on Albemarle’s mine proposal

Stakes 98
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BharCap Partners acquires receivable management specialist ARMStrong

Private Equity Wire

BharCap Partners (BharCap), a private investment firm focused on the financial services sector, has acquired ARMStrong Receivable Management (ARMStrong), one of the largest insurance and commercial B2B receivable management firms in North America. ARMStrong specialises in receivable management solutions for insurance companies, including insurance premium audit and recovery, subrogation solutions, and third-party deductible identification and recovery.

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Highlights from Climate Week 2023: The Burning Man for climate geeks

Top 1000 Funds

Biodiversity, transition finance and a sense of urgency around climate mitigation were in focus at Climate Week 2023, dubbed the "Burning Man for Climate Geeks". PSP Investments' Herman Bril and Stella Y. Xu reflect on the highlights from Climate Week which they attended this year. They didn't attend Burning Man.

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Why Custom Content Beats Canned

Indigo Marketing Agency

Considering custom content but wondering if it’s worth it? We get it! Most financial advisors already know the importance of using valuable content to reach more clients. But if you’re anything like the professionals we work with, you’re probably curious about whether clients will notice the difference between canned content and custom content. Or whether providing custom content would truly make a difference to your business.

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TPG’s Asia fund, new Energy Capital flasghip vehicle among latest Texas Teachers pension commitments

AltAssets

TPG's latest Asian private equity fundraise has picked up new capital from the Texas Teacher Retirement System, amid more than $700m of reported new commitements from the LP. The post TPG’s Asia fund, new Energy Capital flasghip vehicle among latest Texas Teachers pension commitments first appeared on AltAssets Private Equity News.

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