The Motley Fool
JULY 25, 2023
Image source: Getty Images When you walk into your local Costco and see the Kirkland Signature logo, you probably know you're getting a bargain on a quality product. Kirkland Signature is Costco's umbrella private label that includes a huge array of products, including pantry staples, coffee, alcoholic beverages, household essentials, clothing, and gasoline.
PE Hub
JULY 25, 2023
Comvest Credit Partners VI will provide debt financing to mid-sized North American businesses. The post Comvest Partners wraps up sixth credit fund at $2bn appeared first on PE Hub.
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The Motley Fool
JULY 25, 2023
A bull market isn't here yet. But one could be on the way. How can I be so sure? These times of market growth always follow bear markets. Last year, all three major benchmarks fell into bear territory, and some of the world's best companies saw their shares follow. These days, things are looking bright. The S&P 500 has increased more than 20% from its bear market low back in October.
PE Hub
JULY 25, 2023
This investment will be used to accelerate Adaptive Shield’s mission to protect companies. The post Blackstone backs Israeli security company Adaptive Shield appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
Elon Musk gave a lot of new information about Tesla (NASDAQ: TSLA) during the company's conference call, but three things stuck out. In this video, Travis Hoium covers the surprises about FSD, production, and NACS plug licensing. *Stock prices used were end-of-day prices of July 23, 2023. The video was published on July 24, 2023. Find out why Tesla is one of the 10 best stocks to buy now Our analyst team has spent more than a decade beating the market.
PE Hub
JULY 25, 2023
Apollo invests in leading pet retailer PetSmart. The post Thoma Bravo sells Imperva for $3.6bn in hot cybersecurity market; RF makes legal play with Nextpoint investment appeared first on PE Hub.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
PE Hub
JULY 25, 2023
Nextpoint was founded in 2001. The post Legal tech firm Nextpoint snags investment from RF Investment Partners appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
What happened Association with a top businessperson or tech service can do wonders for a cryptocurrency. That appeared to be the dynamic behind the rise of Dogecoin (CRYPTO: DOGE) on Tuesday, following the rebranding of a top messaging app. In late-afternoon trading, the meme coin was up by more than 9% in price over the preceding 24 hours. So what That rebranding is occurring with the company and service now known as X, which in its former life was Twitter.
PE Hub
JULY 25, 2023
The deal is expected to generate total proceeds of C$5.2 billion ($3.9 billion) in cash. The post TC Energy to sell Columbia Gas, Columbia Gulf interest to GIP appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
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. Labor peace just landed on UPS' doorstep. On Tuesday, the giant courier inked a tentative deal with its army of primarily Teamster delivery drivers, thus avoiding what would've been one of the costliest strikes in recent American history.
PE Hub
JULY 25, 2023
The capital infusion will be used by AppHub to accelerate its growth. The post PSG invests $95m in ecommerce platform AppHub appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
What happened Shares of cloud-based software-as-a-service (SaaS) companies Datadog (NASDAQ: DDOG) , Zscaler (NASDAQ: ZS) , and C3.ai (NYSE: AI) were in rally mode on Tuesday, up 5.3%, 4.8%, and 6%, respectively, as of 12:50 p.m. ET. Both Datadog and Zscaler were upgraded today by Wall Street analysts, and the two separate upgrades contained optimism not only for the specific companies, but also for the return of enterprise spending in general.
PE Hub
JULY 25, 2023
Ruskin Construction is a Prince George, British Columbia-based provider of construction services to clients across North America. The post Hillcore wraps up control acquisition of Ruskin Construction appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
What happened A crippling potential labor strike looming over United Parcel Service (NYSE: UPS) has been avoided. That's positive news for the company and the millions of Americans who receive packages delivered by the logistics specialist. It isn't, however, being taken well by UPS' investors. On Tuesday, following news of a tentative agreement on a new contract being negotiated by the company and the Teamsters union backing its workers, those investors traded UPS stock down by nearly 2%.
PE Hub
JULY 25, 2023
Andrew Agencies is a full-service insurance and financial services company based in Virden, Manitoba. The post Westland Insurance snaps up Prairie-based Andrew Agencies appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
Image source: Getty Images The Federal Reserve has been intent on helping cool inflation. Higher living costs have been wreaking havoc on consumers for more than two years now, and a lot of people have seen their credit card debt rise and their savings shrink as a result. To help ease inflation, the Federal Reserve opted to raise interest rates 10 times beginning in March of 2022.
PE Hub
JULY 25, 2023
Founded in 1995 by CEO Bart McCorquodale, MTI provides services such as receiving, warehousing, moving, delivery and installation. The post Carousel Capital recaps residential services platform McCorquodale Transfer appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
What happened Shares of satellite communications operator Iridium Communications (NASDAQ: IRDM) fell an unlucky 13% through 12:05 p.m. ET after the company reported an apparently big earnings miss Tuesday morning. Analysts had forecast Iridium would earn $0.04 per share (pro forma) on sales of $198.4 million for the quarter. Iridium's actual Q2 results, however, show a loss of $0.24 per share under generally accepted accounting principles ( GAAP ), and sales of only $193.1 million.
PE Hub
JULY 25, 2023
As part of the transaction, Oaktree has acquired a majority ownership position in Magnolia. The post Oaktree invests in car wash chain Magnolia appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
Image source: Getty Images What happened The amount of money in Americans' savings accounts has fallen by $5.5 trillion since April 2020, according to Barchart. The financial data providers tweeted , "U.S. personal savings have fallen to lower levels than before the pandemic began." So what Many people used pandemic-era stimulus checks to boost their savings, pushing balances to unprecedented levels in 2020 and 2021.
PE Hub
JULY 25, 2023
Dallas-based Dynamic is a provider of outsourced vascular access services. The post RiverGlade-backed Dynamic Access acquires healthcare services firm Priority appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
In this video, I will go over Alphabet 's (NASDAQ: GOOGL) (NASDAQ: GOOG) second-quarter earnings report. The company reported a beat on top and bottom lines tonight and the market is loving it. *Stock prices used were from the trading day of July 24, 2023. The video was published on July 25, 2023. 10 stocks we like better than Alphabet When our analyst team has a stock tip, it can pay to listen.
PE Hub
JULY 25, 2023
Anderson is the former CEO and chairman of DTE Energy. The post ArcLight recruits Anderson as senior advisor appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
The video focuses on recent ASML Holding 's (NASDAQ: ASML) earnings report. Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say. Also, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of July 20, 2023. The video was published on July 25, 2023. 10 stocks we like better than ASML When our analyst team has a stock tip, it can pay to listen.
PE Hub
JULY 25, 2023
Based in Newark, California, Vector Laboratories is a provider of consumable reagents used in slide staining and imaging workflows within life science research. The post TSCP-backed Vector Laboratories buys biotech firm Quanta BioDesign appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
What happened Typically, when a publicly traded company reports an estimates-beating quarter, its stock price rises in reaction. There are always exceptions, though, and on Tuesday it was Biogen 's (NASDAQ: BIIB) turn to be atypical. After Biogen published second-quarter figures that featured top- and bottom-line beats, the biotech's stock nevertheless took a hit.
PE Hub
JULY 25, 2023
Wisconsin-based Construction Forms Inc is a provider of engineered, abrasion resistant piping systems and replaceable components. The post H.I.G.-backed CFI buys manufacturer Tricon Wear Solutions appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
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. It's not an illusion -- that nest egg really is smaller than it used to be. A new survey from BlackRock of US retirement plan participants found that in the past two years more Americans, especially those in younger generations, feel like their retirement savings are "off track.
PE Hub
JULY 25, 2023
McCoy will be based in the New York office. The post Campbell Lutyens taps McCoy as managing director for secondary advisory practice appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
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. As if Shein didn't have enough on its plate. TikTok plans to launch a US e-commerce business selling made-in-China products this August, The Wall Street Journal reported Tuesday.
PE Hub
JULY 25, 2023
The deal is valued at about $639 million. The post Rithm Capital to buy alternative asset manager Sculptor Capital Management appeared first on PE Hub.
The Motley Fool
JULY 25, 2023
What happened Applied Digital (NASDAQ: APLD) stock was having a week for the ages, and it was only Tuesday. For the second trading day in a row, the company's share price rocketed higher, sailing almost 17% skyward after a Monday rise of 16%. Investors were still basking in the glow of a solid earnings report, plus an analyst's price target increase.
Private Equity Professional
JULY 25, 2023
One Rock Capital Partners has closed the sale of Kova International to LGC Group, a portfolio company of private equity firms Cinven and Astorg. Kova International is a developer, manufacturer and marketer of supplies for the medical laboratory market. Kova operates two product lines: (1) urinalysis controls, consisting of urine-based controls for urine chemistry and… This content is for members only.
The Motley Fool
JULY 25, 2023
What happened Amazon (NASDAQ: AMZN) has cut the price it will pay to acquire iRobot (NASDAQ: IRBT) after the target entered into a new financing facility to fund operations. iRobot ivestors focused on an eventual payout reacted accordingly, sending shares of iRobot down neary 14% on Tuesday. So what Amazon agreed to acquire iRobot last summer, offering $61 per share in cash, or about $1.7 billion, for the Roomba maker.
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