The Motley Fool

NOVEMBER 10, 2023

Shares of renewable energy company Plug Power (NASDAQ: PLUG) plunged 41.3% through 11:05 a.m. ET Friday morning after the company reported a big earnings miss last night. Heading into Q3, analysts weren't exactly optimistic about Plug, predicting the hydrogen fuel cell manufacturer and hydrogen gas producer would lose $0.30 per share on sales of only $238.9 million -- yet Plug managed to underperform even these predictions.

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Companies Investors Returns Investing 246

PE Hub

NOVEMBER 10, 2023

HealthComp is a next-generation benefits and analytics platform. The post Health tech firm Virgin Pulse and New Mountain-backed HeathComp complete merger appeared first on PE Hub.

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The Motley Fool

NOVEMBER 10, 2023

Nvidia has been one of the hottest artificial intelligence (AI) stocks on the market in 2023, with its shares having more than tripled thanks to the way AI has supercharged the its revenue and earnings growth. However, Nvidia isn't the only stock that has won big from the proliferation of AI. Shares of Super Micro Computer (NASDAQ: SMCI) have matched Nvidia's returns in 2023 with gains of 208%.

Companies 246

Companies Returns Investors Investing 246

PE Hub

NOVEMBER 10, 2023

Regional Rail is an owner and operator of short-line freight railroads across North America. The post 3i-backed Regional Rail to buy Indiana Eastern Railroad and Ohio South Central Railroad appeared first on PE Hub.

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The Motley Fool

NOVEMBER 10, 2023

The S&P 500 (SNPINDEX: ^GSPC) gained nearly 6% during the first week of November, marking its best weekly performance of the year. That upward momentum was broad-based in nature: 159 stocks in the S&P 500 (nearly one-third of the index) also had their best weeks of the year, according to The Wall Street Journal. The primary driver of that momentum was action (or lack thereof) taken last week by the Federal Reserve.

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Stock Market Stock Market Returns Funds 246

PE Hub

NOVEMBER 10, 2023

Round Hill Music Royalty Partners and HarbourView Equity Partners are two PE firms that have been especially active in this sector this year. The post Striking the right key: 5 notable PE deals in music royalties appeared first on PE Hub.

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PE Hub

NOVEMBER 10, 2023

Based in Miami, Florida, Larkspur is focused on building, acquiring, and operating self-storage facilities across the U.S. and Canada. The post Staple Street-backed Larkspur Storage sells two development projects appeared first on PE Hub.

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The Motley Fool

NOVEMBER 10, 2023

Shares of Medical Properties Trust (NYSE: MPW) fell hard on Friday, down 8.6% on the day. The hospital-focused real estate investment trust (REIT) has been absolutely hammered this year, as quickly rising interest rates have not only hurt valuation, but also forced the company to grow at a slower pace and attempt to de-lever the business with asset sales.

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Enterprise Values Prospects Debt Leveraging 246

PE Hub

NOVEMBER 10, 2023

According to terms of the deal, NextGen Healthcare shareholders will receive $23.95 per share in cash. The post Thoma Bravo takes NextGen Healthcare private for $1.8bn appeared first on PE Hub.

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Shareholders 191

The Motley Fool

NOVEMBER 10, 2023

If you thought 2023 was an exciting year for artificial intelligence (AI), wait until you see what 2024 has to offer. Although the AI revolution was unofficially kicked off in late 2022 when ChatGPT rose to fame, 2023 saw many incredible releases by some of the biggest tech names in the industry. 2024 will surely bring more of the same, as many of these products are starting to be launched to broader, business-focused audiences.

Shareholders 246

Shareholders Investors Returns Companies 246

PE Hub

NOVEMBER 10, 2023

PE bets on music rights with five notable deals. The post Thoma Bravo, FP and TPG close take-private transactions; plus, 5 PE-backed music deals appeared first on PE Hub.

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The Motley Fool

NOVEMBER 10, 2023

Image source: Getty Images Grocery prices have moderated as inflation has cooled. Despite that, food costs were still up 2.4% in September, according to the Consumer Price Index. So if your supermarket credit card tab still seems higher than average, that could be a reason why. But it's probably not the only reason. The reality is that supermarkets have a sneaky way of convincing consumers to spend money they had no intention of parting with.

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Financing Finance 246

PE Hub

NOVEMBER 10, 2023

The stock will trade on the New York Stock Exchange under the ticker symbol "TFG." The post Warburg Pincus-backed specialty insurance provider Fortegra files for IPO appeared first on PE Hub.

New York Stock Exchange 186

New York Stock Exchange Stock Exchanges 186

The Motley Fool

NOVEMBER 10, 2023

It's a good time to be an investor in big pharma. Take Eli Lilly (NYSE: LLY) , for example; its shares are up by 495% in the last five years alone, dramatically outperforming the S&P 500 's return of just 69%. But can the company wow the market once again over the next five years? There's a good chance that the answer to that question is yes, and here's why.

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Assets Shareholders Returns Companies 246

PE Hub

NOVEMBER 10, 2023

TorQuest invested in McKeil in 2016, partnering with the existing management team and shareholders. The post Astatine buys marine transport biz McKeil Marine from TorQuest appeared first on PE Hub.

Shareholders 159

Shareholders Investing 159

The Motley Fool

NOVEMBER 10, 2023

Solar energy stocks continued their slide this week, as investors feared the worst for the renewable energy market. Not only are installations dropping, higher rates are squeezing margins, and not all companies will be able to weather the storm. According to data provided by S&P Global Market Intelligence , Maxeon Solar Technologies (NASDAQ: MAXN) fell 17.6% since Friday's close, SunPower (NASDAQ: SPWR) is down 15.5%, and NextEra Energy Partners (NYSE: NEP) is down 13.3%.

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Private Equity Insights

NOVEMBER 10, 2023

(Bloomberg) — The Abu Dhabi Investment Authority, which controls almost $1 trillion in assets, is part of the KKR & Co.-led consortium acquiring Telecom Italia’s landline network. ADIA is one of the controlling investors of acquisition vehicle Optics Bidco, according to a statement that Telecom Italia filed late Monday. The sovereign wealth fund’s involvement was first reported by Bloomberg in July.

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Buyout Private Equity Firms Private Equity Firms Funds 147

The Motley Fool

NOVEMBER 10, 2023

Shares of advertising technology (adtech) company The Trade Desk (NASDAQ: TTD) got crushed on Friday after the company provided financial guidance that fell short of Wall Street's expectations. As of 10 a.m. ET, The Trade Desk stock was down roughly 18%. The Trade Desk rarely disappoints The Trade Desk just reported financial results for the third quarter of 2023, and Q3 numbers didn't disappoint.

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Earnings Before Interest Amortization Depreciation Taxes 243

Private Equity Insights

NOVEMBER 10, 2023

UK private equity firm Inflexion is selling off Chambers and Partners five years after it acquired it, in a deal valued at more than £400m. According to the Financial Times , the business is being sold to US investment group Abry Partners. Inflexion bought the legal ranking and insights business in March 2018, in what City A.M. understood at the time to be between £35m and £50m.

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Private Equity Firms Private Equity Firms Legal Law Firms 130

The Motley Fool

NOVEMBER 10, 2023

Image source: Getty Images Series I Savings Bonds -- more commonly known as "I bonds" -- are designed to protect the purchasing power of your money from the damaging effects of inflation. And while these instruments come without risk and could end up paying quite a lot if inflation heats up, they aren't perfect for everyone. Here's a quick rundown of the perks and potential drawbacks of buying I bonds in 2024 to help you decide if they're the right fit for your saving and investing strategy.

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Taxes Accounting Banks Investing 242

Private Equity Insights

NOVEMBER 10, 2023

NEW YORK , Nov. 7, 2023 /CNW/ – Ardian, a world-leading private investment house, today announced it has acquired a US$2.1 billion portfolio of limited partnership interests in 20 private equity funds from Canada Pension Plan Investment Board (CPP Investments ), a global investment management organization with C$575 billion of assets under management.

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Portfolios Private Equity Firms Private Equity Firms Buyout 130

The Motley Fool

NOVEMBER 10, 2023

Shares of Hawaiian Electric Industries (NYSE: HE) plunged on Friday, with shares down 17.1% on the day. Hawaiian Electric's shares were down following last night's third-quarter earnings report and update. While the company actually beat expectations on its top and bottom lines, the utility is still dealing with the fallout of this past summer's tragic wildfires.

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Liabilities Funds Stock Market Stock Market 189

Private Equity Insights

NOVEMBER 10, 2023

New York-based private equity firm Harvest Partners (Harvest), has closed it latest buyout fund, Harvest Partners IX and its parallel funds (HP IX) with $5.34bn in capital commitments, ahead of its $5.25bn target. HP IX is 30% larger than the firm’s previous private equity fund, which raised $4.1bn in 2019 and has been fully deployed. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Founded in 1981, Harvest has over 40-years of history of

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Buyout Private Equity Firms Private Equity Firms Pension Funds 130

The Motley Fool

NOVEMBER 10, 2023

Image source: The Motley Fool. StoneCo (NASDAQ: STNE) Q3 2023 Earnings Call Nov 10, 2023 , 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good evening, ladies and gentlemen. Thank you for standing by. Welcome to the StoneCo third-quarter 2023 earnings conference call. By now, everyone should have access to our earnings release.

Banks 147

Banks Securities and Exchange Commission (SEC) Taxes Financial Services 147

Private Equity Insights

NOVEMBER 10, 2023

SWEN Capital (SWEN), a European private equity firm with over €7.7bn in AUM, has held the final close of the second vintage of its European infrastructure fund, SWIFT 2, an impact fund dedicated to renewable gas investments at €580m. The fund raised more than twice its original target, and more than three times the final close of its predecessor fund SWIFT 1.

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The Motley Fool

NOVEMBER 10, 2023

It's been a rough year for the biotech industry, which as a whole has substantially lagged the broader market. Just look at the performance of the SPDR S&P Biotech ETF , an industry benchmark. What's more, some biotechs have been encountering their own company-specific issues. Two worth a closer look today are Amgen (NASDAQ: AMGN) and Moderna (NASDAQ: MRNA) whose prospects really don't look as bad as their year-to-date performances suggest.

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Private Equity Insights

NOVEMBER 10, 2023

Nordic Capital is to acquires a majority share in IntegriChain, a provider of pharmaceutical technology, data, consulting, and outsourcing solutions designed to improve how life sciences products reach customers. IntegriChain delivers ICyte, a fully integrated platform for commercialisation and market access, helping manufacturers bring their science to market while ensuring patients have affordable, timely, and sustainable access to therapy.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Capital Consultants 130

The Motley Fool

NOVEMBER 10, 2023

In this video, I will talk about Unity Software 's (NYSE: U) third-quarter earnings and explain why I am selling my shares and moving on to better things despite the company being half of a duopoly. *Stock prices used were from the trading day of Nov. 9, 2023. The video was published on Nov. 10, 2023. 10 stocks we like better than Unity Software When our analyst team has a stock tip, it can pay to listen.

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Private Equity Professional

NOVEMBER 10, 2023

RidgeLake Partners has made a minority investment in Gridiron Capital. RidgeLake was formed by OA Private Capital (Ottawa Avenue Private Capital) and Apogem Capital, a subsidiary of New York Life, as a platform to acquire non-control equity interests in middle market private equity firms. “RidgeLake’s investment and partnership with Gridiron will allow us to accelerate… This content is for members only.

Capital 130

Capital Private Equity Firms Private Equity Firms Investing 130

The Motley Fool

NOVEMBER 10, 2023

Shares of Plug Power (NASDAQ: PLUG) are crashing on Nov. 10 after the company filed a going concern notice in its 10-Q quarterly report. In this video, Motley Fool contributor Jason Hall breaks down what that means, and why it spells massive risk for investors. *Stock prices used were from the morning of Nov. 10, 2023. The video was published on Nov 10, 2023. 10 stocks we like better than Plug Power When our analyst team has a stock tip, it can pay to listen.

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Returns Investors Companies Investing 130

Private Equity Insights

NOVEMBER 10, 2023

Following a challenging year marked by rising interest rates and slower growth, successful private equity firms are adapting to the changing environment, according to Dechert’s 6th annual Global Private Equity Outlook report. According to the report, which surveyed 100 senior-level executives at private equity firms based in North America (45%), Europe, the Middle East & Africa (EMEA) (35%) and Asia-Pacific (APAC) (20%) with assets of more than $1bn, 94% are likely to pursue take-private tra

Private Equity Firms 130

Private Equity Firms Private Equity Firms Stakes Banks 130

The Motley Fool

NOVEMBER 10, 2023

Planet Fitness (NYSE: PLNT) shareholders are feeling a bit stronger this week. The stock rose 13% through Thursday trading, beating a nearly flat S&P 500 during that time. That rally only erased a small part of the fitness club's losses for the year, though, and shares remain in deeply negative territory. Planet Fitness is down 20% so far in 2023 compared to a 13% increase in the wider market.

Shareholders 130

Shareholders Returns Investors Companies 130

Private Equity Professional

NOVEMBER 10, 2023

Great Range Capital has held a final close of Great Range Capital Fund III LP at its hard cap with $250 million of limited partner commitments. Great Range invests in Midwest-based companies that have revenues ranging from $20 million to $150 million and at least $3 million of EBITDA. Sectors of interest include niche manufacturing,… This content is for members only.

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Funds Capital Companies Investing 130

The Motley Fool

NOVEMBER 10, 2023

Shares of 3D virtual reality company Unity Software (NYSE: U) plunged 12% at the open on Friday after reporting an earnings miss Thursday evening. Heading into Q3, analysts had forecast Unity would earn $0.17 per share on $553.7 million in sales. Instead, Unity reported a $0.32 per share loss , and its sales fell short of expectations at just $544.2 million.

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