Fri.Dec 22, 2023

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Bill Gates Has $34 Billion Invested in Just 5 Stocks

The Motley Fool

The Bill and Melinda Gates Foundation Trust has a whopping $39 billion invested in the stock market, and a vast majority of those funds are in just a few stocks. Some of that is because of donations, but the fund is also buying some interesting industrial stocks. In this video, Travis Hoium covers the foundation's holdings and how the portfolio came to be what it is.

Investing 246
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CPP Investments to sell down stake in European business software firm Visma

PE Hub

The transaction is a partial realization of the existing stake to a pool of existing and new investors. The post CPP Investments to sell down stake in European business software firm Visma appeared first on PE Hub.

Stakes 210
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65% of Warren Buffett's $374 Billion Portfolio Is Invested in Just 3 Stocks

The Motley Fool

If you've ever wondered why Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett garners so much attention from Wall Street and everyday investors, look no further than his track record. Over the nearly six decades since the Oracle of Omaha became Berkshire's CEO, he's doubled the annualized total return, including dividends paid, of the benchmark S&P 500 (19.8% versus 9.9%, as of Dec. 31, 2022).

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Top PE-backed sports deals of the year; plus Houlihan Lokey to acquire placement agent Triago

PE Hub

Houlihan Lokey is acquiring placement agent and advisor Triago. The post Top PE-backed sports deals of the year; plus Houlihan Lokey to acquire placement agent Triago appeared first on PE Hub.

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Best EV Stock to Buy in 2024: Tesla Stock vs. Nio Stock

The Motley Fool

Fool.com contributor Parkev Tatevosian compares two of the most popular EV stocks in the markets today, Tesla (NASDAQ: TSLA) and Nio (NYSE: NIO) , to determine which is the better buy. *Stock prices used were the afternoon prices of Dec. 20, 2023. The video was published on Dec. 22, 2023. Should you invest $1,000 in Nio right now? Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy no

Returns 246
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The MVPs of private equity: Top PE-backed sports deals of 2023

PE Hub

Arctos, BPEA EQT and RedBird Capital are among the private equity firms making deals in the sports sector. The post The MVPs of private equity: Top PE-backed sports deals of 2023 appeared first on PE Hub.

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Algoma Capital backs bourbon whiskey brand Off Hours Bourbon

PE Hub

The capital infusion will be used to fuel Off Hours Bourbon's production capabilities. The post Algoma Capital backs bourbon whiskey brand Off Hours Bourbon appeared first on PE Hub.

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You'll Never Guess What the Average Social Security Benefit Will Be in 2024

The Motley Fool

Social Security is one of the most important income sources for many retirees because it's guaranteed to last for life and can't run out -- unlike savings. But both current and future retirees need to have a realistic idea of what their retirement benefits will actually do for them. That's why it's so important to know what the average Social Security benefit will be in 2024, as the amount may surprise you.

Taxes 246
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Monomoy Capital Partners to buy manufacturer Waupaca Foundry

PE Hub

The transaction is expected to close in early 2024. The post Monomoy Capital Partners to buy manufacturer Waupaca Foundry appeared first on PE Hub.

Capital 177
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3 AI-Backed Stocks That Could Return Magnificent Gains in 2024

The Motley Fool

Artificial intelligence (AI) made a huge splash in 2023 and is likely to continue making waves in 2024. After all, industry forecasts estimate the global AI market will grow from roughly $208 billion in 2023 to nearly $300 billion in 2024 and will continue expanding to reach $1.8 trillion by 2030. When it comes to investing in AI, you want companies where the technology is essential to their businesses.

Returns 246
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Blank Rome taps private equity vet Williams as senior counsel

PE Hub

Williams is joining the firm's Houston office. The post Blank Rome taps private equity vet Williams as senior counsel appeared first on PE Hub.

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2 Artificial Intelligence (AI) Stocks That Could Go Parabolic

The Motley Fool

Artificial intelligence (AI) stocks have been in the limelight over the past year, thanks to the massive impact this technology is likely to have across multiple industries, with McKinsey estimating that AI adoption could add a whopping $13 trillion to the global economy by 2030. There are many ways investors can capitalize on this huge opportunity.

Companies 246
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Goldman Leads $1.4 Billion Private Loan for EQT’s Zeus Buyout

Private Equity Insights

EQT AB has secured $1.425bn in private debt from a group of private credit lenders led by Goldman Sachs group to help finance its acquisition of medical device firm Zeus Company Inc, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as revealing that the credit facility for the $3.4bn buyout, which was aged earlier this month, consists of a $1.075bn term loan, a $150m revolver and $200bn.

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Disney Can't Catch Netflix but Here's How It Can Make Billions in Streaming

The Motley Fool

Disney (NYSE: DIS) made a big pivot to streaming in 2023 and Bob Iger hopes to make the business both a growth segment and a profitable contributor. The recent acquisition of Hulu and price increases tell part of the story of how the company sees the streaming future. In this video, Travis Hoium lays out Disney's strategy and why 2024 will be a big year for the stock.

Returns 246
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Pioneer Owner Weighs Sale of Japanese Electronics Maker

Private Equity Insights

BPEA EQT is considering selling the iconic Japanese electronics maker Pioneer Corp. amid interest from potential buyers, according to people familiar with the matter. The buyout firm has been discussing with advisers a potential sale and could seek a valuation of around $1.5 billion for the maker of audio, video and car navigation equipment, the people said.

Buyout 147
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Warren Buffett Really Likes 1 ETF. Here's an ETF That's Just as Good and Could Help You Retire as a Millionaire.

The Motley Fool

Warren Buffett is known as one of the greatest stock pickers of all time. Of course, he'd argue that he's actually a business picker instead of a stock picker. The businesses he picks, though, tend to translate to good stocks. The legendary investor doesn't just pick individual stocks -- he also likes some exchange-traded funds (ETFs). Buffett really likes one ETF, in particular.

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Europe’s Biggest Homegrown Battery Maker Gets $1.2 Billion to Fund Production Ramp Up

Private Equity Insights

Battery maker Northvolt AB has raised $1.2 billion from international investors as the company aims to boost production at its factory in Northern Sweden. Northvolt extended a convertible note from last year to $3.5 billion, having secured the same amount during a financing round in August. The company’s level of fundraising in 2023 places it among the biggest in Europe’s startup industry, which is on pace for less than half the deals from 2022.

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Better Artificial Intelligence (AI) Stock: Alphabet vs. Apple

The Motley Fool

If you had to choose a theme for 2023 (besides maybe Taylor Swift), it would definitely be artificial intelligence (AI). The technology has taken the world by storm, with countless companies restructuring their businesses to prioritize AI development. The AI market was valued at $137 billion last year, and Grand View Research suggests that it will expand at a compound annual rate of 37% through the end of the decade.

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Visma brings in new investors at $21bn valuation

Private Equity Insights

Norwegian software company Visma has brought in new investors via a share sale valuing the company at 19 billion euros ($21 billion) to help fund international expansion, the company said on Thursday. Visma is bringing in around 20 new investors, including Altaroc, Jane Street and NYC Retirement System, through an equity investment worth more than 1 billion euros ($1.1 billion), it said.

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These 3 Big Pharma Stocks Are Making Big Plays With AI

The Motley Fool

Every major biopharma business is staking out territory to take advantage of the artificial intelligence (AI) gold rush. Amid a mishmash of strategies -- like forging partnerships with innovative software companies and biotechs, acquiring promising players, and developing AI capabilities in-house -- no competitor is taking exactly the same approach.

Stakes 246
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AlpInvest and Leonard Green Close $2 Billion Continuation Fund

Private Equity Insights

AlpInvest Partners (“AlpInvest”), a subsidiary of global investment firm Carlyle (NASDAQ: CG), today announced the closing of its lead investment in a $2.2 billion Continuation Fund sponsored by Leonard Green & Partners, L.P. (“LGP”). The Continuation Fund was established to acquire four portfolio companies across Green Equity Investors VI (“GEI VI”) and Green Equity Investors VII (“GEI VII”).

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Will UnitedHealth Group Be a Trillion-Dollar Stock by 2030?

The Motley Fool

UnitedHealth Group (NYSE: UNH) has a market capitalization of close to $500 billion and is one of the largest healthcare stocks you can invest in today. That means if it were to double in value, it would reach a $1 trillion valuation -- a distinction that no healthcare stock has achieved thus far. While it's unlikely that the health insurance giant will double in value in a year or two, it's definitely a possibility in the long run; the stock has doubled in just the past five years.

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US fund KKR secures control in takeover bid for Portugal’s Greenvolt

Private Equity Insights

A unit of U.S. private equity fund KKR announced on Thursday a full takeover bid for Portuguese renewable energy company Greenvolt (GVOLT.LS) that values the firm at 1.16 billion euros, after signing agreements to secure a controlling stake. Gamma Lux said in a statement it was offering 8.3 euros per Greenvolt share, 11.5% above Wednesday’s closing price of 7.45 euros and a premium of 32.1% to the weighted average price over the last six months.

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Most Millionaires Say They're Only Middle Class, Data Shows

The Motley Fool

Image source: Getty Images There was a time -- perhaps not so long ago -- when having $1 million to your name automatically made you rich. But those days may be behind us. It's fair to say that $1 million is a lot of money. But is it enough to be considered upper class? Many wealthy Americans say no. Recent data from Ameriprise finds that 60% of people with $1 million or more classify themselves as upper middle class, while 31% of folks in that boat simply say they're middle class.

Financing 246
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Apollo Global completes £506m acquisition of Wagamama

Private Equity Insights

The deal for the casual dining giant, which will take the company private, had been approved by 93.5% of shareholders. Andy Hornby, who previously came under fire from investors over his pay packet, is to stay on as chief executive officer, while Mark Chambers will continue as chief financial officer. Chair Ken Hanna and non-executive directors Graham Clemett, Zoe Morgan, Loraine Woodhouse and Helen Keays have tendered their resignations and have stepped down from the TRG Board.

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1 Growth Stock Down 77% That's a Screaming Buy for 2024

The Motley Fool

Fool.com contributor Parkev Tatevosian has started making his list of top growth stocks to buy for 2024. In this video, he will highlight one growth stock from that list. *Stock prices used were the afternoon prices of Dec. 19, 2023. The video was published on Dec. 21, 2023. Should you invest $1,000 in Alibaba Group right now? Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to

Returns 246
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Levine Leichtman Capital Partners explores 2bn sale of tropical smoothie cafe

Private Equity Insights

The private equity owner of Tropical Smoothie Cafe is preparing to put the U.S. restaurant chain up for sale for around $2 billion, according to people familiar with the matter. Buyout firm Levine Leichtman Capital Partners has hired investment bank Robert W. Baird & Co to launch a sale process for Tropical Smoothie Cafe as early as January, the sources said.

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Claiming Spousal Benefits From Social Security? Don't Make This Huge Mistake.

The Motley Fool

Generally, Social Security benefits are earned by working and paying taxes on wages for a long enough period to accrue 40 credits toward the program. But it's possible to collect Social Security without working a day in your life. If you're either married to someone who's eligible for Social Security or divorced from someone who's entitled to benefits (and you meet certain requirements), you may be able to collect spousal benefits from the program.

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Apollo-Owned Aspen Insurance Files for IPO in US

Private Equity Insights

Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing. The company did not disclose details about the size of the offering, but is reportedly targeting a $4 billion valuation. It also did not provide details about the exchange where it plans to list its shares.

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A Bull Market Is Coming: 2 Growth Stocks Down 61% and 32% to Buy Right Now

The Motley Fool

With the S&P 500 now down just 1% from its record level, the benchmark index could be on the verge of reaching a new peak and ushering in the next sustained bull market. But while the index has posted impressive gains across this year's trading and is teetering on entering a new bullish phase, the S&P 500's big rally this year has largely been driven by megacap tech stocks with premier positions in artificial intelligence -- such names as Nvidia , Microsoft , Alphabet , Meta Platforms ,

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Aon to acquire NFP from Madison Dearborn, HPS for $13.4bn

Private Equity Insights

Aon has signed a definitive agreement to acquire NFP, a middle market property and casualty broker, benefits consultant, wealth manager and retirement plan adviser, in a transaction valued at $13.4 billion at closing. The purchase price will comprise $7 billion in cash and Aon stock valued at $6.4 billion, said a Dec. 20 release. Aon will acquire NFP from funds affiliated with NFP’s main capital sponsor, Madison Dearborn Partners , and also from funds affiliated with HPS Investment Partn

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Amazon Stock: Bull vs. Bear

The Motley Fool

Amazon (NASDAQ: AMZN) needs no introduction. By now, every consumer knows the company even if they're not regular shoppers at the e-commerce giant. Investors are also likely familiar with the tech giant. Amazon has been one of the best-performing stocks over the last generation, and has established leading positions in two separate industries: e-commerce and cloud computing.

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Hg Said to Near £3 Billion Iris Software Sale to Leonard Green

Private Equity Insights

Hg is nearing a deal to sell Iris Software to rival buyout firm Leonard Green & Partners, after negotiations with KKR & Co. stumbled at the eleventh hour, people with knowledge of the matter said. The transaction may be announced as soon as this week, according to the people. The deal, which will rank as the year’s biggest buyout of a private European software company, could value UK-based Iris at more than £3 billion ($3.8 billion), the people said.

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Etsy Stumbled This Year. Could the Stock Win Big in 2024?

The Motley Fool

While many consumer goods stocks rallied this year, one in particular sat on the sidelines. I'm talking about Etsy (NASDAQ: ETSY) , an e-commerce company that offers artisans a platform where they can sell their creations. The stock is heading for a 27% loss in 2023 -- and that follows a decline of more than 45% last year. After watching Etsy's shares and earnings soar during the earlier stages of the pandemic, investors worried the company wouldn't keep up the momentum as consumers returned to