Fri.Dec 15, 2023

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EQT tops Bundesliga media rights bidding at $14bn, trailed by CVC, Blackstone, and Advent

Private Equity Insights

EQT AB is leading the bidding as private equity firms compete for a stake in the media rights business of the Bundesliga, Germany’s main football competition, people with knowledge of the matter said. The Nordic investment firm has so far presented the highest offer with an initial proposal valuing the unit at about €12.7bn ($14bn), according to the people.

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Rivian Stock Is Risky. Here's Why I'm Not Buying.

The Motley Fool

The electric vehicle (EV) market is expected to grow at an exponential rate in the coming years. Analysts estimate that by 2030, two out of every three cars sold globally will be an EV. With such drastic growth, a slew of manufacturers have entered the EV race in an attempt to stake their claim. One of those is start-up Rivian Automotive (NASDAQ: RIVN).

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Insight Partners, Clearlake Capital Led Consortium to Take Alteryx Private for $5bn

Private Equity Insights

A private equity consortium led by Insight Partners and Clearlake Capital Group is in advanced talks to take data analytics software company Alteryx (AYX.N) private for around $5bn, including debt, people familiar with the matter said on Thursday. The deal would come as fierce competition from big rivals such as Microsoft (MSFT.O) and Oracle (ORCL.N), as well as setbacks in winning new business, have suppressed Alteryx’s valuation and made it an acquisition target.

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Warren Buffett Just Sold $1.3 Billion of This Stock

The Motley Fool

Warren Buffett manages a massive stock portfolio worth about $366 billion for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) , but he's been slowly culling his equity positions in 2023. The Oracle of Omaha and his team sold $32.8 billion worth of shares during the first nine months of the year, and spent just $9.1 billion purchasing new shares in that same period.

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Blackstone, Rialto, and CPP Acquire $1.2bn Stake in Signature Bank’s CRE Debt

Private Equity Insights

The Federal Deposit Insurance Corp. sold a 20% equity stake in the failed Signature Bank’s commercial real estate loan pool to a joint venture led by Blackstone. Blackstone Real Estate Debt Strategies and Blackstone Real Estate Income Trust partnered with Miami, Florida-based Rialto Capital and the Canada Pension Plan Investment Board to make the successful $1.2bn bid for the 20% interest in a joint venture set up by the FDIC to hold the failed bank’s $16.8bn in commercial real estate debt

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2 Major Social Security Changes in 2024 May Surprise Many Americans

The Motley Fool

Social Security is a vital source of income for millions of retirees, and many workers will one day depend on benefits. Yet Americans consistently score poorly on quizzes assessing their knowledge of Social Security, including aspects of the program that impact their income on an annual basis. For instance, Social Security benefits will get a cost-of-living increase in 2024, and some workers will pay more taxes into the Social Security program.

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3 Retirement Moves Everyone Should Make in the New Year

The Motley Fool

The start of a new year is a good time to focus on financial matters. And it pays to carve out some time at the beginning of 2024 to tackle a few key retirement moves. This holds true whether you're a few years away from wrapping up your career or still have decades to go. Here are a few specific tasks worth tackling in January. 1. Increase your retirement savings rate Getting a raise at work isn't a given.

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Vista’s Patrick Severson: Promising enterprise software sectors in 2024 include cybersecurity, energy transition, healthcare IT

PE Hub

Vista signed two platform investments, TRG Screen and Energy Exemplar, in H2 despite the deal downturn. The post Vista’s Patrick Severson: Promising enterprise software sectors in 2024 include cybersecurity, energy transition, healthcare IT appeared first on PE Hub.

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The 4 Best Places to Buy Wonderful Last-Minute Christmas Gifts

The Motley Fool

Image source: Getty Images As we get closer to Dec. 25, you may still have a few gifts left to buy. But don't feel discouraged; there's still time to shop for presents your favorite people will adore. Before shopping online or driving to the mall, consider which retailers will have what you need. Not every retailer offers fast shipping or is open late, so keep that in mind to ensure your expectations are realistic.

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TorQuest Partners racks up $2.1bn for sixth fund

PE Hub

Fund VI's limited partners include including public and private pension plans, endowments, sovereign wealth funds, financial institutions, insurance companies and family offices. The post TorQuest Partners racks up $2.1bn for sixth fund appeared first on PE Hub.

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The Dow Jones Just Hit a Record High. History Says Stocks Will Do This Next.

The Motley Fool

The Dow Jones Industrial Average (DJINDICES: ^DJI) tracks 30 large U.S. stocks. Inclusion is limited to companies that have excellent reputations, demonstrate sustained growth, and generate widespread interest among investors. To that end, the index is commonly regarded as a collection of blue chip stocks, though it also serves as one of three major barometers for the overall U.S. stock market, with the other two being the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXI

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KSL promotes Adamson, Edsinger, Rohnstock and Yu to partner

PE Hub

Also, the private equity firm has upped Michael Acierno and Harris Levinson to principal. The post KSL promotes Adamson, Edsinger, Rohnstock and Yu to partner appeared first on PE Hub.

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3 Strategies to Avoid Running Out of Money in Retirement

The Motley Fool

If you ask people what concerns they have about retirement, many will likely point to health issues cropping up. But there's another concern that tends to plague retirees, and it's running out of money. The unfortunate reality is that there's no 401(k) or IRA balance that guarantees that your money won't run out. You could whittle a $3 million nest egg down to $0 if you aren't careful enough.

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Lee Equity-backed Cardiovascular Logistics taps Leonard as chief compliance officer

PE Hub

Headquartered in Houma, Louisiana, Cardiovascular Logistics is a cardiovascular platform. The post Lee Equity-backed Cardiovascular Logistics taps Leonard as chief compliance officer appeared first on PE Hub.

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Better Bitcoin Stock: MicroStrategy vs. Riot Platforms

The Motley Fool

MicroStrategy (NASDAQ: MSTR) and Riot Platforms (NASDAQ: RIOT) represent two different ways to invest in Bitcoin 's (CRYPTO: BTC) rally of about 150% this year. MicroStrategy is a software company that started hoarding Bitcoin over the past three years. Riot is a leading Bitcoin mining company that mines BTC with its massive fleet of high-end miners.

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Long Ridge to exit medical insurance claim settlements administrator Ametros

PE Hub

The purchase price is $350 million. The post Long Ridge to exit medical insurance claim settlements administrator Ametros appeared first on PE Hub.

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This Artificial Intelligence (AI) Stock Looks Dirt Cheap. Here's Why.

The Motley Fool

The last couple of years have been brutal for social media giant Meta Platforms (NASDAQ: META). After spending billions on its metaverse ambitions, Meta lost sight of its core advertising business -- and investors didn't like that. Specifically, famed venture capitalist Brad Gerstner of Altimeter Capital wrote an open letter to Meta CEO Mark Zuckerberg and the board of directors, urging the company to "get fit.

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KKR identifies industrial automation, worker reskilling, AI, decarbonization as mega themes; Vista still likes enterprise software

PE Hub

KKR releases its 2024 global macro outlook. The post KKR identifies industrial automation, worker reskilling, AI, decarbonization as mega themes; Vista still likes enterprise software appeared first on PE Hub.

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Superstar Investor Bill Ackman Has $10 Billion Invested in Just 7 Stocks

The Motley Fool

Bill Ackman is one of the best investors of our generation and he controls a $10 billion portfolio at Pershing Square. But this isn't just any portfolio, it's incredibly concentrated into only seven stocks and six companies. In this video, Travis Hoium goes through Ackman's portfolio and what he might be seeing in the allocations being made. *Stock prices used were end-of-day prices of Dec. 12, 2023.

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Lone View Capital-backed TREND Health Partners buys healthcare tech firm Advent

PE Hub

Based in Maryland, Trend is a provider of healthcare credit balance management and payment accuracy solutions. The post Lone View Capital-backed TREND Health Partners buys healthcare tech firm Advent appeared first on PE Hub.

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This Is the Average American's Mortgage Payment. Can You Afford It?

The Motley Fool

Image source: Getty Images Signing a mortgage today is not the same as signing a mortgage three years ago. In 2020, mortgage lenders were offering almost ridiculously low interest rates to entice buyers during a financial crisis. But mortgage rates have hovered around 7% for much of 2023. And when you combine that with elevated home prices, it has the makings of a real affordability crisis.

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Stonepeak-backed Peak Energy forms JV with Korean renewable developer TOPINFRA

PE Hub

The JV will focus on the development and management of more than 500 MW of solar and battery projects. The post Stonepeak-backed Peak Energy forms JV with Korean renewable developer TOPINFRA appeared first on PE Hub.

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Where Will Eli Lilly Be in 5 Years?

The Motley Fool

Eli Lilly (NYSE: LLY) is the top healthcare stock in the world, with a valuation of around $550 billion. Its recently approved weight-loss treatment Zepbound has unlocked a new and exciting growth opportunity for the business. What should investors expect from Eli Lilly over the next five years, and is the stock still worth investing in despite its high valuation?

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Embattled Farfetch Seeks $500m Apollo Bailout

Private Equity Insights

Embattled luxury retailer Farfetch is reportedly in talks with private equity giants mainly Apollo Global Management, over a fundraising package. The London-headquartered firm is having a torrid time on New York’s public markets after announcing it wouldn’t publish third quarter results. Sky News’ Mark Kleinman reported that the firm is in talks with Apollo, amongst other players, as it looks to shore up its balance sheet.

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Why Nikola Stock Rocketed Higher This Week

The Motley Fool

Growth stocks are having a big week in the markets. Some of the more speculative plays that depend on access to affordable capital are leading the way. One of those speculative companies is electric heavy truck maker Nikola (NASDAQ: NKLA). The leading market indexes rose more than 2.5% this week, as of early Friday. Yet Nikola shares have skyrocketed nearly 30%, according to data provided by S&P Global Market Intelligence.

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Comvest Completes Sale of Systems Control to Hubbell

Private Equity Professional

Comvest Partners has closed the sale of Systems Control, a manufacturer of substation control systems, to publicly traded Hubbell at an enterprise value of $1.1 billion. Comvest acquired System Control in March 2018 from David Brule, the majority shareholder of Systems Control. Systems Control specializes in engineering and manufacturing of equipment enclosures, control and relay… This content is for members only.

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Where Will CRISPR Therapeutics Be in 5 Years?

The Motley Fool

CRISPR Therapeutics (NASDAQ: CRSP) received great news last week. Its gene-editing therapy, which it has been developing with Vertex Pharmaceuticals , obtained approval from the Food and Drug Administration for sickle cell disease. It's a turning point for the business, which now has its first approved product. But what's next for the business, and where does CRISPR Therapeutics go from here?

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TorQuest Partners Raises $2.1bn for Fund VI

Private Equity Insights

TorQuest Partners, a Toronto -based private equity firm founded in 2002, today announced the final closing of TorQuest Partners Fund VI, with $2.1bn of committed capital from external investors. Fund VI will continue to apply the firm’s successful middle-market investment and operating strategy of partnering closely with management teams to create value through improved governance, strategic change, operational enhancements, growth capital investment and the successful integration of ac

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2 Great Passive Income Stocks to Buy for 2024

The Motley Fool

Passive income isn't hard to find in the stock market. Dividend stocks provide truly passive cash flow in the form of quarterly or annual payments that often increase with each passing year. Income investors can also use those regular payments to supercharge overall returns if they choose to automatically reinvest them. That way, you can accumulate more shares during market downturns and fewer shares when stocks are rallying.

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Yellow Wood Poised to Acquire Unilever’s Elida Beauty Division for Under $1bn

Private Equity Insights

Unilever Plc (ULVR.L) is in advanced talks to sell Elida Beauty, a division that includes non-core beauty and personal care brands such as Q-Tips and Impulse, to private equity firm Yellow Wood Partners, people familiar with the matter said on Thursday. Elida’s brands also include Caress, TIGI, Timotei, Monsavon, St. Ives, Zwitsal, Ponds, Brut, Moussel, Alberto Balsam and Matey.

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Will Apple Stock Reign Supreme Yet Again in 2024?

The Motley Fool

It seems like everyone loves Apple (NASDAQ: AAPL). Well, at least 29% of those reading this do. That is the global market share for the smartphone maker, putting it in the lead over competitors such as Samsung and Alphabet 's Google. With strong marketing, quality products, and locked-in users, Apple has established itself as the premium smartphone maker around the world, which has been quite a lucrative business.

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Blue Point Closes Fifth Add-On for TAS Environmental

Private Equity Professional

TAS Environmental Services (TAS), a portfolio company of Blue Point Capital Partners, has added on with the buy of Environmental Concepts & Services (ECS). Blue Point acquired TAS, a provider of environmental and industrial services, in May 2019 from TEAM Partners. ECS is a specialized provider of waste transportation, non-hazardous waste treatment and disposal services… This content is for members only.

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Why Broadcom Rallied This Week

The Motley Fool

Shares of Broadcom (NASDAQ: AVGO) rallied 17.2% this week through Thursday trading, according to data from S&P Global Market Intelligence. The semiconductor giant, which just closed on a transformative acquisition of software giant VMware at the end of November, reported its fiscal fourth-quarter earnings last week. Apparently, analysts liked what they heard, and raised their price targets on the stock accordingly.

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KKR and Temasek Provide $635m Loan to Back Silver Lake’s TEG

Private Equity Insights

Singapore’s Temasek Holdings Pte and KKR & Co. have joined a loan deal for Silver Lake Management LLC’s TEG Pty Ltd., according to people familiar with the matter, who asked not to be identified discussing a private matter. The unitranche loan of around $635m has a five-year tenor and a margin of 550 basis points, one of the people said, in line with Bloomberg’s report in November.

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