Tue.Nov 28, 2023

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General Atlantic and Mubadala-Backed Shein Files for IPO in U.S., Targets $90bn Valuation

Private Equity Insights

Fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter, in what is likely to be one of the most valuable China-founded companies to list in New York. Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the initial public offering (IPO), and Singapore-based Shein could launch its new share sale some time in 2024, the sources said.

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Charlie Munger, Half of a Legendary Partnership, Dies at 99

The Motley Fool

Charlie Munger, vice chairman of Berkshire Hathaway and a towering figure in the investment world, has died at age 99. The company announced Tuesday that members of the Munger family said the legendary investor passed away peacefully at a hospital in California. Munger wasn't just Warren Buffett's right-hand man at Berkshire Hathaway, he was an accomplished investor on his own, with an impressive track record of success dating back many decades.

Law Firms 246
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New Mountain Capital Acquires BMI for $1.7bn

Private Equity Insights

BMI didn’t put a specific price on New Mountain Capital’s takeover in its confirmation last week, but sources have previously put the acquisition price in New Mountain Capital’s offer at around $1.7bn. US radio giant iHeartMedia is lined up for a $100m windfall from the sale of BMI to a shareholder group led by New Mountain Capital. On Monday (November 27), iHeart said that it expects, following the sale, to receive “approximately” $100m of proceeds “related to its equity interest in

Capital 227
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Vanguard's Largest Growth Fund Just Hit a 52-Week High. Is There More Room to Run?

The Motley Fool

The Vanguard Growth ETF (NYSEMKT: VUG) hit a new 52-week high on Nov. 20. The fund is now up 39.6% year to date (YTD), which is outperforming the Nasdaq Composite 's 35.7% YTD gain and trouncing the S&P 500 's 18.2% gain. Here's why the ETF may be right (or wrong) for you, and why it could have more room to run. Image source: Getty Images. A primer on the Vanguard Growth ETF With $170.7 billion in net assets, the Vanguard Growth ETF is one of the largest exchange-traded funds (ETFs) out ther

Funds 246
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LFM Capital invests in SisTech Manufacturing

PE Hub

SisTech manufactures PCBAs for defense, aerospace, industrial and consumer applications. The post LFM Capital invests in SisTech Manufacturing appeared first on PE Hub.

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1 Artificial Intelligence (AI) Stock on Track to Be a Trillion-Dollar Company

The Motley Fool

It wasn't all that long ago that Palantir Technologies (NYSE: PLTR) was toiling away in obscurity, providing data mining and artificial intelligence (AI) services to a select few intelligence agencies within the U.S. government and its allies as a private company. But Palantir's 2020 IPO shined a light on the vast potential for AI, and its stock was off to the races.

Companies 246

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Looking to Upgrade Your Apple Device? It Pays to Do It at Costco

The Motley Fool

Image source: Getty Images Some people swear by Apple products and can't imagine using any other brand. If you're someone who owns an Apple device, your phone or iPad may no longer suit your needs the way it did when you first bought it. Maybe you need a phone with more memory. Or maybe your iPad is missing some key features that could otherwise enhance your user experience.

Financing 246
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Greenbelt eyes tuck-ins for energy transition enabler Saber

PE Hub

An investor group led by Greenbelt announced the acquisition of Saber Power Services, a Houston-based infrastructure services platform, earlier in November. The post Greenbelt eyes tuck-ins for energy transition enabler Saber appeared first on PE Hub.

Investors 171
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Why Is Warren Buffett Selling Amazon Stock Instead of Buying It Hand Over Fist?

The Motley Fool

Amazon (NASDAQ: AMZN) looks as impressive as it has in years. The stock is up close to 75% year to date. The tech titan's profitability is increasing. It's moving into exciting new areas. I wrote only a few weeks ago that Amazon ranked among three Warren Buffett stocks with strong moats to buy right now. However, the Oracle of Omaha apparently doesn't have the same point of view.

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Align Capital-backed E Source picks up UMS Group

PE Hub

UMS Group is a utility management consulting company. The post Align Capital-backed E Source picks up UMS Group appeared first on PE Hub.

Capital 199
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3 Things You Need to Know If You Buy Plug Power Today

The Motley Fool

Falling a staggering 78% since this time last year, shares of Plug Power (NASDAQ: PLUG) have performed miserably in 2023. The fuel cell and hydrogen stock has fared even worse over the past three years -- a period during which it has plunged 87%. But there are still those who believe Plug Power's best days lie before it. For these undaunted optimists, in fact, the stock's current price tag might even seem like an excellent buying opportunity.

Prospects 246
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Genstar-backed Cetera completes take-private of Avantax

PE Hub

Avantax is a financial planning and wealth management company. The post Genstar-backed Cetera completes take-private of Avantax appeared first on PE Hub.

Companies 186
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Here's the Next Stock I'm Going To Buy

The Motley Fool

I don't buy stocks very often. That may sound strange, given that I analyze great investments every day. But I have my reasons: There is such a thing as overdiversification -- if I want to track the whole market, why not double down on a broad index fund instead? My pockets aren't always deep enough for splurging on another interesting stock. When my investable cash runs low, it's all right to simply add that new name to my Motley Fool CAPS account and stay on the sidelines for a while.

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KKR acquires Potter Global Technologies

PE Hub

Potter is a fire and life safety equipment manufacturer. The post KKR acquires Potter Global Technologies appeared first on PE Hub.

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Forget Amazon, These 2 Growth Stocks Will Deliver Superior Returns

The Motley Fool

There's no debating that Amazon is one of the greatest investments of all time. Growing out of Jeff Bezos' garage into the trillion-dollar empire it is today is nothing short of impressive. And it will most likely be relevant and growing for many years to come. However, with its $550 billion in trailing-12-month revenue and a market capitalization of $1.5 trillion, I think it's fair to expect some moderation in the long-term potential of Amazon stock.

Returns 246
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NEP scoops up United Sports Brand

PE Hub

USB is a portfolio of sporting goods and active lifestyle brand. The post NEP scoops up United Sports Brand appeared first on PE Hub.

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Coinbase Wins the Crypto Game of Thrones

The Motley Fool

The collapse of FTX a year ago was just the start for cryptocurrencies, and last week Binance agreed to pay a $4 billion fine as part of a settlement with the U.S. Department of Justice. The one company that's been unscathed is Coinbase (NASDAQ: COIN) , which has been the most transparent company in crypto for years. In this video, Travis Hoium covers Coinbase's position in the market and where investors can expect this market leader to grow long-term.

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Greenbelt reveals add-on criteria for Saber

PE Hub

Allied Industrial’s Waste Eliminator in acquisition. The post Greenbelt reveals add-on criteria for Saber appeared first on PE Hub.

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Massive News for Electric Vehicle Stocks

The Motley Fool

Electric vehicle stocks may be in for a rough year in 2024 as the industry faces overcapacity and weakening consumer demand. Falling prices and falling stock prices haven't helped confidence in the industry's future. In this video, Travis Hoium covers the industry's trends and why there are some major names that may face big headwinds over the next few years.

Returns 246
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Gauge Capital invests in East Coast Institute for Research

PE Hub

ECIR is a clinical research site management organization. The post Gauge Capital invests in East Coast Institute for Research appeared first on PE Hub.

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Does Retiring Abroad Impact My Social Security?

The Motley Fool

Moving abroad is a temptation for myriad Americans as they move toward and into retirement, and for many it's become a reality. And since Social Security monthly benefits are such a significant source of income, a natural first question to ask about such a move is whether retiring abroad will impact those payments. The answer? Generally, no. Here's what the Social Security Administration (SSA) itself says about that: "If you are a United States citizen, you may continue to receive payments while

Taxes 246
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With Buy of Player One, OpenGate is the New Pinball Wizard

Private Equity Professional

OpenGate Capital has agreed to acquire the Player One Amusement Group division of Cineplex at a transaction value of C$155 million. Player One Amusement Group (P1AG), under a revenue sharing model, provides amusement gaming equipment and outsourced operations and maintenance services to theater chains, family entertainment centers, bowling centers, resorts, restaurants, and trampoline parks.

Capital 130
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The Social Security Do-Over and Suspension Clauses Could Get Retirees a Bigger Benefit Check

The Motley Fool

Social Security is often a major source of income for retired workers, so a bigger benefit could mean a substantial improvement in living standards for millions of Americans. Multiple factors impact Social Security payouts, but the most easily controlled variable is claiming age. Read on to see how claiming age factors into benefit payments, and to learn how retired workers that have already claimed benefits can increase their payout with Social Security's do-over and suspension clauses.

Banks 246
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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 No-Brainer Stocks to Buy During a Stock Market Plunge

The Motley Fool

In 2022, the Nasdaq Composite index fell 33% as a spike in inflation curbed consumer and commercial spending. Countless companies posted dismal results, which led investors to bid down their stocks. However, economic improvements have allowed for a market recovery this year, and the Nasdaq has risen by 36% since Jan. 1. That pattern highlights why holding onto your investments during poor economic conditions is crucial, and why a sell-off might be the best time to expand your portfolio.

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Home Depot Buys IDG from Millpoint

Private Equity Professional

The Home Depot has agreed to acquire International Designs Group (IDG), a distributor and retailer of stone and porcelain tile and a portfolio company of Mill Point Capital. Mill Point formed IDG in April 2022 to acquire Cancos Tile & Stone, a Farmingville, New York-based distributor of high-end porcelain, stone, ceramic, glass, and mosaic tile… This content is for members only.

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Is Coinbase Global Stock a Buy Now?

The Motley Fool

Coinbase Global (NASDAQ: COIN) , which owns one of the world's largest cryptocurrency exchanges, saw its stock close at an all-time high of $357.39 on Nov. 9, 2021. The bulls rushed to the stock as cryptocurrency prices soared and investors aggressively accumulated shares of growth and meme stocks. But today, Coinbase's stock trades at about $109 a share.

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Berkshire Hathaway’s Charlie Munger dies at 99

Private Equity Insights

Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway, died on Tuesday morning at a California hospital. Munger was 99, and would have turned 100 on Jan. 1. He died peacefully, Berkshire said. No cause was given. “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” Buffett, Berkshire’s chairman and chief executive said in a statement.

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Should You Buy the 5 Highest-Paying Dividend Stocks in the S&P 500?

The Motley Fool

Income investors basically want two things from their dividends: as much money as possible, with the greatest level of safety as possible. There are plenty of places to get ideas for dividend stocks that might check off both boxes. One is the S&P 500. The S&P 500 is one of the world's most widely followed indexes. It consists of the 500 largest companies that are listed on U.S. stock exchanges.

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Pantheon Raises $3.25bn for Latest Global Private Equity Secondaries Fund

Private Equity Insights

Pantheon, a leading global private markets investor, is pleased to announce the successful closing of Pantheon Global Secondaries Fund VII and associated vehicles (PGSF VII), its latest flagship global private equity secondaries offering, with commitments totalling $3.25bn. Total aggregate fundraising substantially exceeded the initial target of $2.0bn and marks Pantheon’s largest-ever raise for a private equity secondaries program, reflecting growing interest in the strategy over recent years –

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7 Top Tips for Boosting Your Earnings as a Rideshare Driver

The Motley Fool

Image source: Getty Images A whopping 45% of Americans are working a side hustle this year, according to statistics collected by Zippia. While this data point says a great deal about this moment in our economy, it also suggests that finding a side hustle is easier than ever. One popular option is driving for a ride-hailing service, such as Uber or Lyft.

Taxes 245
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Seventy Ninth Group Acquires Two Scottish Holiday Parks, Values it for £300m+

Private Equity Insights

Southport-based asset management company Seventy Ninth Group has agreed terms to buy two holiday parks in Scotland for acquisition and subsequent redevelopment. Seventy Ninth Group is planning to build up to 700 holiday lodges across two sites, with the projects estimated to have a gross development value [GDV] of more than £300m combined. Once built, the parks are set to feature on-site dining and modern health and spa facilities for guests.

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SoundHound AI Is Singing a More Pleasant Tune, but Does That Mean Investors Should Buy the Stock?

The Motley Fool

Despite its small size, both the AI industry and investors have been taking notice of SoundHound AI (NASDAQ: SOUN) , which produces voice recognition software and has landed several high-profile clients. But the company has often struggled with low revenue growth and high expenses, and the question for investors is whether the AI stock 's potential overrides financial concerns.

Investors 245
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KKR-Backed Leonine Studios to Merge with Mediawan, Valuing Combined Entity at $3.3bn

Private Equity Insights

Shareholders of French TV production group Mediawan are weighing a takeover of Germany’s KKR-backed Leonine Studios, three people familiar with the matter told Reuters, in a deal that could value the combined entity at up to $3.3bn. The tie-up is among strategic options being discussed by Mediawan’s advisers and shareholders as the Paris-based company, known for the TV series “Call my Agent!