The Motley Fool
APRIL 5, 2024
Tesla (NASDAQ: TSLA) was the world's largest electric vehicle (EV) company as measured by sales up until the final quarter of 2023. That's when China-based BYD snatched the title away. And growing competition is just the latest challenge the company faces. Tesla stock trades down 33% in 2024 already, but it has been sliding since late 2021 and now sits 59% below its all-time high.
Private Equity Insights
APRIL 5, 2024
Pet care company Rover Group said private equity firm Blackstone will take it private in a $2.3 billion all-cash deal. The company’s shareholders will receive $11 per share at a premium of 29.4% from the last close price. Blackstone approached Rover directly about a potential deal without the company being up for sale, people familiar with the matter said.
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The Motley Fool
APRIL 5, 2024
There's no dimmer switch on Cathie Wood. The Ark Invest co-founder and CEO is either fully illuminated or left in the dark. The same widely followed growth investor who trounced the market in 2020 and 2023 faltered badly in 2021 and 2022. She's also off to a challenging start here in 2024. She's not standing still. Ark bought shares of Roblox (NYSE: RBLX) , Roku (NASDAQ: ROKU) , and SoFi Technologies (NASDAQ: SOFI) on Thursday, adding to her existing positions.
Private Equity Insights
APRIL 5, 2024
Private equity firm EQT it has agreed to buy compliance software maker Avetta from Welsh, Carson, Anderson & Stowe (WCAS). EQT had prevailed in a sale process run by Avetta’s owner Welsh Carson, valuing the company at roughly $3 billion, including debt. The Stockholm, Sweden-based private equity firm is buying Avetta through its EQT X fund.
The Motley Fool
APRIL 5, 2024
Amazon 's (NASDAQ: AMZN) stock has risen nearly 80% over the past 12 months. The e-commerce and cloud leader grappled with a post-pandemic slowdown and tough macro headwinds in 2022, but its core businesses have been stabilizing. Amazon still remains a few dollars below its record high of $186.12 set on July 8, 2021. But could it rally even more and set new all-time highs over the next 12 months?
Private Equity Insights
APRIL 5, 2024
Azimut will sell all of its stake in private credit fund Kennedy Lewis to Goldman Sachs’ private equity unit Petershill Partners. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Under the deal, Azimut will sell its shareholding for an all-cash consideration of $225 million. Azimut’s initial investment in Kennedy Lewis was $60 million Source: MSN News Can’t stop reading?
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Insights
APRIL 5, 2024
Alternative asset manager Blue Owl Capital is to acquire Kuvare Insurance Services (KAM), a boutique investment management firm focused on providing asset management services to the insurance industry, in addition to Kuvare UK Holdings (Kuvare), for $750m. Blue Owl will fund the KAM acquisition through a combination of $325m in cash and $425m in Blue Owl Class A common stock.
The Motley Fool
APRIL 5, 2024
One of the most disappointing international stocks over the past five years undoubtedly has been Chinese e-commerce, logistics, and technology infrastructure company Alibaba (NYSE: BABA). While the S&P 500 has risen over 80% over that time, Alibaba stock is down nearly 60%. Over that period, Alibaba has been able to grow both revenue and earnings.
Private Equity Insights
APRIL 5, 2024
Private equity firm Summit Partners is considering a sale of Los Angeles-based portfolio company and men’s grooming and personal care brand Dr Squatch at an expected value of more than $2bn, according to a report by Reuters. Summit Partners is working with investment banks Raymond James and Centerview Partners to gauge interest from potential buyers.
The Motley Fool
APRIL 5, 2024
The cryptocurrency market is soaring. It's now valued at close to $2.6 trillion. This is a huge gain from the start of 2023. The bullish sentiment has lifted Bitcoin to near all-time highs. Not all cryptocurrencies are benefiting as much. Ripple (CRYPTO: XRP) currently sits 85% below its peak price, which was set in January 2018. But at a market cap of $32 billion, this remains on the radar of digital asset investors hoping for things to turn around.
Private Equity Insights
APRIL 5, 2024
Bridgepoint, a listed private asset growth investor, has sold its investment in Dorna Sports, which holds the global rights to organise the MotoGP and WSBK Championships, to Liberty Media, in a transaction which values the company at €4.2bn. Bridgepoint has been an investor in the business since 2006, with the transaction representing a full realisation of existing stake along with that of Canada Pension Plan Investment Board (CPP Investments) and management, to Liberty Media, which holds the ex
The Motley Fool
APRIL 5, 2024
As Bernstein analyst Toni Sacconaghi wrote in a note to investors on Tuesday, Tesla 's (NASDAQ: TSLA) first-quarter deliveries were "brutal." Deliveries fell about 9% year over year and 20% sequentially. These poor results likely have many investors reevaluating their investment theses on the stock. While some may excuse this lull in Tesla's sales in anticipation of a potential reacceleration in the electric-car company 's vehicle-delivery trends in future quarters, others may conclude it's a re
Private Equity Insights
APRIL 5, 2024
Manulife Investment Management has closed on its previously announced agreement to acquire multi-sector alternative credit manager CQS with regulatory approval for this transaction having been received from the UK Financial Conduct Authority (FCA). As part of the transaction, Manulife Investment Management has acquired the CQS brand and intends to align it with the Manulife brand as a co-branded logo – Manulife | CQS Investment Management – where permitted.
The Motley Fool
APRIL 5, 2024
A Roth IRA's biggest appeal is the tax-free withdrawals it promises in retirement. It could save you a fortune compared to deferring taxes if you expect your income to remain roughly the same or rise after leaving the workforce. But some don't realize that tax-free withdrawals aren't a guarantee. In some situations, you could owe taxes on your Roth IRA funds if you're not careful.
Private Equity Insights
APRIL 5, 2024
Private equity firm Advent International has agreed to buy Canada’s Nuvei NVEI.TO in a deal that values the payments technology firm, which has received financial backing from actor Ryan Reynolds, at $6.3 billion. The deal, valued at $34 per share, will take Nuvei private almost four years after the company was listed on the Toronto Stock Exchange. The buyout of Nuvei, which has a market capitalization of nearly $4.42 billion, would make it one of the more sizable take-private deals at a time wh
The Motley Fool
APRIL 5, 2024
It's easy to hate on Icahn Enterprises (NASDAQ: IEP) stock these days. Over the past 12 months, shares have lost more than two-thirds of their value. Some investors believe a turnaround is just around the corner. Others believe the stock should be left for dead. Is Icahn Enterprises a buy, sell, or hold right now? Don't expect many dividends The first thing many investors notice about Icahn Enterprises stock is its 30% dividend yield.
Private Equity Insights
APRIL 5, 2024
UK private investment firm BC Partners has agreed to sell Presidio, a provider of IT services to some of the world’s largest companies including Amazon, to US rival Clayton, Dubilier & Rice, in a deal that values the business at around $4bn, according to a report by the Financial Times. Presidio, which has generated nearly $6bn in revenue and employs more than 3,500 people globally, first drew private equity attention in 2011 when it was acquired by US buyout group American Securities, befor
The Motley Fool
APRIL 5, 2024
Hedge fund billionaire Dan Loeb compared artificial intelligence (AI) to the industrial revolution in a letter to clients written last year. The industrial revolution was a characterized by a dramatic increase in economic output as machines replaced human workers. AI promises a similar step-function increase in productivity across virtually every industry.
Private Equity Insights
APRIL 5, 2024
Middle Market private equity firm One Equity Partners (OEP), in partnership with Buckthorn Partners, has acquired Acteon Group (Acteon), a UK-based international marine energy and infrastructure solutions company founded in 1989. Acteon, which provides engineering and data-driven services to the offshore renewables, nearshore construction, and energy industries,has over 2,000 full-time employees, including more than 400 engineers, across more than 20 countries globally.
The Motley Fool
APRIL 5, 2024
Individual investors generally fall into one of two camps. Some are concerned with optimizing their portfolio's performance, while others are more interested in building a stream of recurring income. Regardless of which camp you're in, filling your portfolio with dividend-paying stocks is a great way to achieve your goal. Dividend-paying stocks tend to outperform shares of businesses that aren't committed to distributing a significant portion of their profits -- and the differences are dramatic.
FinSMEs
APRIL 5, 2024
Archetype AI, a Palo Alto, CA-based physical AI company, raised $13m in seed funding. The round was led by Venrock, with participation from Amazon Industrial Innovation Fund, Hitachi Ventures, Buckley Ventures, Plug and Play Ventures and several angel investors. In conjunction with the financing, Ganesh Srinivasan, Partner at Venrock, will join the board.
The Motley Fool
APRIL 5, 2024
In today's video, I discuss recent updates affecting Advanced Micro Devices (NASDAQ: AMD) and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of April 4, 2024. The video was published on April 4, 2024. Should you invest $1,000 in Advanced Micro Devices right now?
Private Equity Wire
APRIL 5, 2024
New York-based PE firm SK Capital Partners, which invests across the specialty materials, ingredients and life sciences industries, has closed SK Capital Partners VI (Fund VI), the latest vintage of its flagship private investment strategy, with $2.95bn in total capital commitments. In a press statement, Barry Siadat, Co-Founder and Managing Director at SK Capital Partners, said: “SK Capital has one of the largest and longest-standing teams dedicated to the sectors in which we invest. “To
The Motley Fool
APRIL 5, 2024
Famed for her bold investment strategies targeting disruptive companies, Cathie Wood and her company ARK Invest have carved out a niche in the financial world. While ARK's exchange-traded funds (ETFs) offer diversified exposure to various industries, its core holdings often revolve around a select group of innovative companies. For investors seeking high-growth options and looking to take a page out of the Cathie Wood investing playbook, three companies embody her investment philosophy and may b
AltAssets
APRIL 5, 2024
Manulife Investment Management has wrapped up its Strategic Secondaries Fund to reach $610m in commitments. The post Manulife finds opportunity for “premium secondary returns” with over $600m fund first appeared on AltAssets Private Equity News.
The Motley Fool
APRIL 5, 2024
One of the toughest retirement-related decisions you might have to make is figuring out when to claim Social Security. You're allowed to sign up for benefits as early as age 62. While there's no such thing as a final age to file for benefits, there's no financial incentive to delay your claim beyond age 70. In a nutshell, you're looking at a range of 62 to 70 for taking benefits.
Private Equity Wire
APRIL 5, 2024
US institutional investors are offloading their private equity holdings at slashed prices, reflecting a broader trend of reducing exposure to the illiquid asset class, with pension funds and endowments leading the charge, according to a report by the Financial Times. Last year, 99% of these holdings were sold either at or below their net asset value on the secondary market, marking the highest percentage since investment bank Jefferies began tracking this data in 2017.
The Motley Fool
APRIL 5, 2024
Image source: Upsplash/The Motley Fool Some car owners are concerned about recent revelations that their driving habits are being collected and shared by automakers. According to The New York Times , some carmakers have been collecting people's driving habits -- including braking, acceleration, trip length, and speed -- and sharing them with data companies.
AltAssets
APRIL 5, 2024
Tiger Global Management has raked in $2.2bn at the final close of its latest venture capital fund, making it the firm’s smallest fundraise in a decade. The post Tiger Global falls short of $6bn target with latest VC fund first appeared on AltAssets Private Equity News.
The Motley Fool
APRIL 5, 2024
Shares in data center equipment company Vertiv Holdings (NYSE: VRT) rose by a whopping 20.8% in March as the company rode the artificial intelligence (AI) investment boom. The stock price took a leg up in mid-March following the announcement that Vertiv would become a Solution Advisor: Consultant partner in the Nvidia (NASDAQ: NVDA) Partner Network.
AltAssets
APRIL 5, 2024
Hildred Capital rakes in $750m continuation fund with unique rollover structure The post Hildred Capital rakes in $750m continuation fund through unique rollover structure first appeared on AltAssets Private Equity News.
The Motley Fool
APRIL 5, 2024
In today's video, I discuss recent updates impacting Advanced Micro Devices (NASDAQ: AMD) and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of April 3, 2024. The video was published on April 4, 2024. Should you invest $1,000 in Advanced Micro Devices right now?
The Big Picture
APRIL 5, 2024
This week, we speak with Ed Hyman, founder and chairman of Evercore ISI International Ltd. and vice chairman of Evercore Inc. He heads Evercore ISI’s economic research team. During his career, Hyman has been ranked as #1 in economics an unprecedented 43 consecutive times by Institutional Investor’s poll of investors. He explains the genesis of the broad and deep industry surveys ISI performs; the results provide a real-time snapshot of the economy weeks or months before it shows up in the
The Motley Fool
APRIL 5, 2024
These are tough times for Tesla (NASDAQ: TSLA) shareholders. The stock is down 60% from its 2021 peak, and trading near 52-week lows thanks to a recent wave of lowered price targets. The electric vehicle (EV) maker faces stiff competition now and failed to deliver as many EVs as analysts expected in Q1. One analyst, however, still believes in the EV manufacturer's long-term potential.
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