Wed.Oct 04, 2023

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Why Rivian Stock Bounced Back Big-Time Wednesday

The Motley Fool

What happened Shares of electric truck maker Rivian Automotive (NASDAQ: RIVN) took it on the chin yesterday as a "red" stock market spooked investors in volatile growth companies. Worries over rising interest rates may have also caused investors to wonder whether Rivian's business selling $80,000 electric trucks will be viable in the long run. Lost in all the bad news, however, was some good news for Rivian shareholders: positive notes of support from two of Wall Street's investment banks, which

Banks 264
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Ascend Capital makes majority investment in Seoul Medical Group; SK Capital completes acquisition of Milestone Environmental Services

PE Hub

Ascend Capital's majority investment in Seoul Medical Group; SK Capital's deal with Milestone Environmental Services; and Excellere Partners' two-asset continuation fund deal. The post Ascend Capital makes majority investment in Seoul Medical Group; SK Capital completes acquisition of Milestone Environmental Services appeared first on PE Hub.

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Why VinFast Auto Stock Plunged Again Today

The Motley Fool

What happened Less than two months after shares of VinFast Auto (NASDAQ: VFS) soared following its public offering, the stock dropped sharply today after the company warned of insider share sales. As of 12:37 p.m. ET on Wednesday, shares were down by 13%, and the stock was trading below its listing price. So what The Vietnam-based electric vehicle (EV) company soared more than 68% on its first day of trading on the Nasdaq exchange after going public through a special purpose acquisition company

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Cambridge Associates: Co-investing with LPs can help GPs buy and build

PE Hub

Co-investments are on the rise in many sectors, including software, infrastructure and financial services. The post Cambridge Associates: Co-investing with LPs can help GPs buy and build appeared first on PE Hub.

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Why Tesla Rallied Today

The Motley Fool

What happened Shares of EV leader Tesla (NASDAQ: TSLA) rose on Wednesday, with the stock up 6% as of 3:51 p.m. ET. The curious thing is that there wasn't much company-specific news for Tesla today. In fact, on Monday, the company reported third-quarter deliveries that were below those of the second quarter, which the company attributed to factory upgrades.

Companies 246
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Ember Infrastructure and partners to take H2O Innovation private

PE Hub

The deal values H2O Innovation at C$395 million, on a fully diluted equity basis. The post Ember Infrastructure and partners to take H2O Innovation private appeared first on PE Hub.

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Genstar Capital to reinvest in Cetera Financial Group

PE Hub

Genstar will remain Cetera's majority investor. The post Genstar Capital to reinvest in Cetera Financial Group appeared first on PE Hub.

Capital 211
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2 High-Yield Dividend Stocks to Buy in October

The Motley Fool

High-yield dividend stocks are a powerful way to boost a portfolio's annual performance. By reinvesting the dividend and regularly buying more shares, these stocks can produce impressive returns over long periods of time. However, a high yield can also be a warning sign for investors. An unusually generous yield, after all, can indicate that a company is facing a major challenge, such as a new competitive threat, shifting consumer preferences, or a high level of debt.

Debt 246
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Neighbourly Pharmacy agrees to be taken private by backer PCP

PE Hub

The deal values the company at about C$915 million. The post Neighbourly Pharmacy agrees to be taken private by backer PCP appeared first on PE Hub.

Companies 187
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Is Nvidia Stock About to Do the Unthinkable?

The Motley Fool

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and big cloud service providers like 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 Oct. 4, 2023. The video was published on Oct. 4, 2023. 10 stocks we like better than Nvidia When our analyst team has a stock tip, it can pay to listen.

Returns 246
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Unity Partners takes majority stake in Poolie

PE Hub

Poolie provides pool cleaning, repair and renovation services. The post Unity Partners takes majority stake in Poolie appeared first on PE Hub.

Stakes 176
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Is AT&T Stock a Buy Now?

The Motley Fool

AT&T (NYSE: T) has frustrated investors for years. Costly missteps, a massive debt burden, and a dividend cut after years of annual increases progressively soured investors, so much so that it reversed 30 years of gains! After such a track record, investors may understandably struggle to believe in this stock again. Nonetheless, with a robust 5G market and a low valuation, it could be time for investors to turn bullish.

Debt 246
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HCI Equity-backed WF Cabinetry Group snaps up Woodharbor

PE Hub

Woodharbor is a kitchen, bath and home cabinetry manufacturer. The post HCI Equity-backed WF Cabinetry Group snaps up Woodharbor appeared first on PE Hub.

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What Intel Stock Investors Should Know About Its Latest Spinoff and Future IPO Plans

The Motley Fool

In today's video, I discuss recent updates impacting Intel (NASDAQ: INTC). 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 Oct. 4, 2023. The video was published on Oct. 4, 2023. 10 stocks we like better than Intel When our analyst team has a stock tip, it can pay to listen.

Investors 246
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VSS Capital invests in Eximia Research Network

PE Hub

Eximia is a multi-therapeutic, clinical trial research company. The post VSS Capital invests in Eximia Research Network appeared first on PE Hub.

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3 Cryptocurrencies That Are Down 58% To 91% And Ready to Pop

The Motley Fool

The crypto market hit a brick wall in November 2021. Cryptocurrencies that had soared over the previous two years saw their price charts turn south in a hurry as investors everywhere focused on soaring inflation rates. Anything resembling a risky investment was kicked into Wall Street's bargain bins, and cryptocurrencies were at the top of that list.

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Partners Group to invest up to $1.05bn in Exus

PE Hub

Exus is an international infrastructure asset management and development company. The post Partners Group to invest up to $1.05bn in Exus appeared first on PE Hub.

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Why Canopy Growth Stock Skyrocketed Today

The Motley Fool

What happened Relatively encouraging financial results from a peer lifted sentiment on Canopy Growth (NASDAQ: CGC) stock on Wednesday. The Canadian marijuana company's share price leaped 10% higher on the day, easily topping the 0.8% increase of the S&P 500 index. So what That peer was fellow Canadian marijuana company Tilray Brands (NASDAQ: TLRY) , which reported its first quarter of fiscal 2024 results before the market opened.

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Cornell and TorQuest-backed Si Systems acquires Elign Consulting

PE Hub

Based in Calgary, Si Systems is a provider of critical information technology talent solutions. The post Cornell and TorQuest-backed Si Systems acquires Elign Consulting appeared first on PE Hub.

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What Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing Stock Investors Should Know About Recent Chip Updates

The Motley Fool

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) , Qualcomm (NASDAQ: QCOM) , Taiwan Semiconductor Manufacturing (NYSE: TSM) , and other tech companies. 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 Oct. 3, 2023. The video was published on Oct. 3, 2023. 10 stocks we like better than Nvidia When our analyst team has a stock tip, it can pay to listen.

Investors 244
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Partners Group Backs Exus with €1bn Investment to Scale Renewable Energy Business

Private Equity Insights

Partners Group, a leading global private markets firm, acting on behalf of its clients, has agreed to invest in Exus, an international infrastructure asset management and development firm focused on the renewable energy sector, alongside the Company’s founders and management. Partners Group plans to commit up to € 1bn in growth capital. Exus is a provider of third-party asset management and project development services for owners of utility-scale solar, wind, and battery storage projects

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Here's the Latest Must-See News From These 2 Dow Jones Stocks

The Motley Fool

Investors have had to deal with some tough times lately, and even the Dow Jones Industrial Average (DJINDICES: ^DJI) hasn't been immune to the forces acting on the stock market. On Wednesday morning, however, the Dow briefly saw a bit of a bounce, opening slightly higher after dealing with steep declines in recent days. Yet even the early gains seemed tenuous.

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Abrdn sells $4bn US PE and VC arm in deal with HighVista Strategies

Private Equity Insights

abrdn’s US subsidiary has completed the sale of its US private equity and venture capital capabilities to US-based alternative investment boutique HighVista Strategies. In a statement, the firm said the sale involves the transfer of approximately $4bn in assets under management and approximately 30 employees. The move, announced in July, follows a comprehensive review of abrdn’s private markets business, which concluded that the US private equity and venture capital capabilities would be &

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Pharma Giants Combine Forces to Fight New M&A Rules

The Motley Fool

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. Meet the anti-antitrust coalition. With a looming overhaul of US merger-and-acquisition law set to reshape the economics of the M&A-heavy pharmaceutical industry, 31 of its biggest players -- including Merck, Amgen, Abbvie, and Gilead -- formed an alliance to fight the reforms.

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Persistence Capital Partners Takes Neighbourly Pharmacy Private in $916m Deal

Private Equity Insights

Neighbourly Pharmacy Inc. has agreed to a deal to be taken private by its largest shareholder, just two years after the pharmacy network debuted on the stock exchange during the pandemic boom of initial public offerings. Persistence Capital Partners (PCP), which already owns 50.2 %of common shares, has offered $20.50 per share for the proposed sale, which values the company at $916m.

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CD Rates Are on the Rise. Should You Buy Some Now?

The Motley Fool

Image source: Getty Images Certificates of deposit (CDs) have made a major comeback this year. Whether you were a fan of fixed-income investments before, it's hard to ignore them now, what with top-paying CDs earning at least a 5% APY. This past August, in fact, one credit union even boasted a 7.19% APY on a 7-month CD. That's getting close to the average annual growth rate on the S&P 500 index over the last 30 years -- about 10.7%, not counting 2023 -- on a bank product with few of the same ris

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Brookfield Raises Record $12bn for Flagship Private Equity Fund

Private Equity Insights

Brookfield Asset Management announced today the closing of its latest flagship global private equity program, Brookfield Capital Partners VI (“BCP VI” or the “Fund”). With $12bn in total capital raised for the strategy, BCP VI is the largest private equity fund raised by Brookfield. Partners in BCP VI are a diverse group of institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations, and family offices.

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Got $1,000? 2 Stocks to Buy for the Long Term

The Motley Fool

If your holding period approximates forever, you probably see stock declines as opportunities. That's particularly true for companies that have strong businesses and solid operating histories. Add in historically attractive dividend yields, and you could be describing General Mills (NYSE: GIS) and Hormel Foods (NYSE: HRL). Here's why long-term investors with $1,000 might want to buy one or both of these iconic consumer staples stocks.

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Blackstone, EQT, and THL in $1.5-$2bn Race to Acquire German Power Electronics Firm

Private Equity Insights

Private equity firms Blackstone Inc , EQT and THL Partners are competing against large U.S. industrial automation firms to acquire German power electronics firm EA Elektro-Automatik, according to people familiar with the matter. Emerson Electric Co (EMR.N) , Keysight Technologies Inc (KEYS.N) and Fortive Corp (FTV.N) have also expressed interest in buying EA Elektro-Automatik, which is owned by mid-market investment firm Bregal Investments, the sources said, requesting anonymity as the

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This Incredible Dividend Stock Continues to Add Power to Deliver High-End Growth

The Motley Fool

Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) has tremendous organic growth prospects. It sees a trio of catalysts powering 7% to 12% annual growth in its funds from operations (FFO) per share through 2028. In addition to its organic growth, Brookfield sees the potential for M&A activities to increase its FFO per share by more than 9% annually. Given all its acquisitions over the past year, achieving the higher end of its growth outlook is increasingly likely.

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Castlelake, Lind & the Danish Government Invest $1.2bn in Scandinavian Airlines

Private Equity Insights

Shares in Scandinavian Airlines dropped more than 90% after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased. The rescue deal involving airline alliance Air France-KLM and private equity firms Castlelake and Lind Invest, which became investors alongside the Danish state, was presented late on Tuesday.

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Buying Micron Technology Stock Is a No-Brainer Right Now

The Motley Fool

Shares of Micron Technology (NASDAQ: MU) sank 4% after the company released fiscal 2023 fourth-quarter results (for the three months ended Aug. 31) on Sept. 27, but a closer look at the chipmaker's results suggests that its latest drop is a buying opportunity. Micron struggled on account of weak memory demand in recent quarters, which has led to a sharp decline in memory prices and sent the company's top and bottom lines plunging.

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Ascend Capital takes majority stake in Seoul Medical Group

PE Hub

SMG, formed in 1993, is a Korean-American-focused independent physician association that works with more than 70,000 patients and 4,800 providers. The post Ascend Capital takes majority stake in Seoul Medical Group appeared first on PE Hub.

Stakes 142
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Best Stocks to Buy Now: Is Coupang Stock a Buy Right Now?

The Motley Fool

In this video, I will talk about Coupang (NYSE: CPNG) , the current state of the company, and why I feel this stock has been flying under the radar while the underlying business fundamentals have improved significantly. The South Korean e-commerce giant saw its stock crash over 60% since going public. *Stock prices used were from the trading day of Sept. 29, 2023.

Returns 130