The Motley Fool
AUGUST 31, 2023
VinFast Auto (NASDAQ: VFS) has been stealing the show these past few weeks. The company was worth close to $190 billion at the start of the week, making it the third-most valuable carmaker in the world. Since Monday, the stock is down 50%, and more pain might be on the horizon. In this video, I explain why this stock has soared, why it is crashing, and why I'm not touching it (yet).
Private Equity Insights
AUGUST 31, 2023
Private equity firm KSL said on Monday it intends to buy Hersha Hospitality Trust , the owner of 25 U.S. lifestyle and luxury hotels, in an all-cash transaction worth about $1.4bn. The move would take private Hersha at an approximately 60% premium to the real-estate investment trust’s closing stock price on Friday. The deal is slated to close by year-end after shareholders okay the move.
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The Motley Fool
AUGUST 31, 2023
What happened Shares of Okta (NASDAQ: OKTA) , the identity-for-the-cloud specialist, were moving higher today after the company posted strong results in its second-quarter earnings report. As of 10:52 a.m. ET, the stock was up 12.6%. So what In a challenging environment for software stocks , Okta posted impressive results as management said the macro environment was stabilizing.
PE Hub
AUGUST 31, 2023
Deal-making did not abate this summer for various PE firms. The post Blackstone, L Catterton, GTCR and Roark Capital showed no signs of summer slowdown appeared first on PE Hub.
The Motley Fool
AUGUST 31, 2023
Investors tend to get excited when a company splits its stock, and not just because the end result is a cheaper share price. Instead, a stock split is an implicit indicator of a good business. Only substantial share price appreciation makes a stock split necessary, and companies rarely wind up in that position by chance. Several high-profile stock splits have occurred in the last few years, including: Apple (NASDAQ: AAPL) : 4-for-1 split in August 2020.
PE Hub
AUGUST 31, 2023
Based in Calgary, Tidewater is a midstream and energy infrastructure company. The post PE-backed Tidewater to sell Pipestone and Dimsdale assets to AltaGas 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
AUGUST 31, 2023
Tenuto succeeds Kathryn Minshew, The Muse's co-founder and CEO, who will remain a key company stakeholder after departing The Muse. The post MBM Capital-backed The Muse appoints Tenuto as CEO appeared first on PE Hub.
The Motley Fool
AUGUST 31, 2023
Cathie Wood is one of the most vocal technology bulls on Wall Street. She's the head of Ark Investment Management, which manages eight exchange-traded funds (ETFs) focused on different segments of the tech sector. The firm has issued some incredibly optimistic forecasts, specifically regarding the potential of artificial intelligence (AI). Ark believes AI could add a staggering $200 trillion in output to the global workforce by 2030, thanks to its ability to speed up everything from computer pro
PE Hub
AUGUST 31, 2023
As part of the deal, SRJ will become an investor in a new regional league, PFL MENA as well as supporting PFL's expansion in Saudi Arabia and the wider MENA region. The post SRJ Sports Investments takes minority stake in Professional Fighters League appeared first on PE Hub.
The Motley Fool
AUGUST 31, 2023
Some people have hailed Quantum computing as the future of computing, with the potential to develop solutions to climate change, improve drug discovery, develop new ways to generate and store energy, and so much more. One of the leading companies in this field is IonQ (NYSE: IONQ) , which has made significant breakthroughs in developing quantum computing technology.
PE Hub
AUGUST 31, 2023
Joe Bernardo, executive chairman and Linden operating partner, has been serving as interim CEO and will continue in his role as board chairman. The post PE-backed StatLab taps Hong as CEO appeared first on PE Hub.
The Motley Fool
AUGUST 31, 2023
Warren Buffett has steered Berkshire Hathaway to mind-blowing returns across his tenure as chief executive officer, but he's better known as a value investor than as a high-flying growth-stock enthusiast. On the other hand, the Oracle of Omaha has added some intriguing, forward-looking technology plays to his company's portfolio in recent years. Given the famously successful investor's focus on backing high-quality companies and penchant for identifying long-term market opportunities, the Berksh
PE Hub
AUGUST 31, 2023
“There is real growth in the need for gaseous fuels as part of the energy transition,” Apollo partner Scott Browning told PE Hub. The post Apollo’s interest in CATEC fueled by rising demand for natural gas and hydrogen appeared first on PE Hub.
The Motley Fool
AUGUST 31, 2023
How much you receive in Social Security benefits depends heavily on you. The decisions you make before you retire have significant repercussions later. It's possible to collect up to $4,555 per month in Social Security benefits. But there are three steps you must take to claim this maximum amount. Image source: Getty Images. 1. Work for at least 35 years Let's start with what's probably the easiest prerequisite to collecting the maximum monthly Social Security benefit.
PE Hub
AUGUST 31, 2023
Tac Opps, at home in periods of dislocation, is ready to seize on multiple deal opportunities following 'the fastest and highest rate rise in history,' global head David Blitzer says. The post Blackstone forecasts wave of companies requiring refinancing and seeking structured equity appeared first on PE Hub.
The Motley Fool
AUGUST 31, 2023
Unlike many investment trends, artificial intelligence (AI) investing spans multiple industries. There are hardware investments, software companies, and end-use opportunities to take advantage of, but one company often discussed is Snowflake (NYSE: SNOW). Snowflake is a software company that gives its users the ability to handle large data sets, a key part of the AI value chain.
PE Hub
AUGUST 31, 2023
Modaxo is the people transport-focused division of Toronto-based software company Constellation Software. The post HKW-backed Civix sells critical infrastructure division to Modaxo appeared first on PE Hub.
The Motley Fool
AUGUST 31, 2023
Nvidia (NASDAQ: NVDA) has more than tripled in value in 2023, and investors who bought shares of the chipmaker at the end of last year are now sitting on massive gains of 237%. That huge price jump probably has some investors asking if it is too late to buy into this high-flying semiconductor stock. After all, Nvidia stock is now trading at a whopping 113 times trailing earnings and 36 times sales.
PE Hub
AUGUST 31, 2023
Spring EQ founder and CEO Jerry Schiano, alongside the current management team, will continue to lead Spring EQ following the completion of the transaction. The post Cerberus to acquire home equity lender Spring EQ appeared first on PE Hub.
The Motley Fool
AUGUST 31, 2023
If I had to start my investment portfolio over from square one, my first pick would be a world-class innovator and a pillar of stability. Just in case I never got around to filling out that portfolio with a deeply analyzed set of diverse stock picks, the initial pick should be able to weather dramatic changes in the global economy and its specific target markets.
Private Equity Insights
AUGUST 31, 2023
Pinault sees CAA as a way to invest in the value of celebrities and may be able to use some of the Hollywood talent giant’s famous faces to bolster luxury group Kering. French billionaire Francois-Henri Pinault is close to a $7bn deal to buy a majority stake in Creative Artists Agency, the Hollywood talent giant that’s home to actor Brad Pitt and basketball’s Chris Paul, according to people familiar with the matter.
The Motley Fool
AUGUST 31, 2023
Sometimes, it's easy to fall into the trap of thinking that the stock market is a voting machine for an election of a company's progress. While that's true in the short term, it doesn't tell the whole picture. Valuations also matter. Sometimes, valuations get ahead of company progress, causing stock prices to eventually correct despite relatively good news from companies.
Private Equity Insights
AUGUST 31, 2023
In the aftermath of a rejected offer for EY’s consulting business, US private equity firm TPG has signed a definitive agreement to acquire a majority stake in Crowe’s healthcare consulting unit. Under the transaction, Crowe Healthcare will become an independent entity under the leadership of founder and managing partner Derek Bang and the existing management team.
The Motley Fool
AUGUST 31, 2023
Without savings in an individual retirement account (IRA) or 401(k), you might have a really hard time keeping up with your living costs once you retire and your paycheck disappears. So it's good to learn that as of August, 401(k) balances had increased by $7,250 since the end of 2022, according to data from Bank of America. That same report , however, found that 401(k) hardship distributions increased 36% on a year-over-year basis.
Private Equity Insights
AUGUST 31, 2023
Glasgow-based Panoramic has held the final close of its Panoramic SME Fund 3 on its hard-cap of £100m. Funding was raised from a range of institutional investors, with previous investors continuing to back the regional investment house. Returning investor British Business Bank committed £30m to Panoramic’s newest fund as part of the final close, through its wholly-owned commercial subsidiary British Business Investments.
The Motley Fool
AUGUST 31, 2023
Image source: Getty Images My state of Florida is prone to hurricanes that can cause costly damage. The legal climate for insurers also isn't very favorable in the Sunshine State, as a state Supreme Court ruling in favor of plaintiffs in 2017 opened the door to lots of property claims litigation. So, it's probably not a surprise that many insurance companies have decided they aren't very interested in providing coverage to Florida homeowners.
Private Equity Insights
AUGUST 31, 2023
NEW YORK, Aug 31 (Reuters) – The private equity owners of Procare Solutions are exploring a sale that could value the child-care management software provider at nearly $2 billion, including debt, according to people familiar with the matter. Buyout firms TA Associates and Warburg Pincus have hired investment bank William Blair to advise Procare on its sale process that is expected to launch after Labor Day, the sources said, requesting anonymity because the matter is confidential.
The Motley Fool
AUGUST 31, 2023
What happened Shares of e-commerce software provider Shopify (NYSE: SHOP) jumped today after the company announced that it's partnering with its biggest rival: Amazon (NASDAQ: AMZN). As of 2 p.m. ET, Shopify stock was up almost 10%. Earlier in 2023, Amazon launched "Buy with Prime" to any U.S. merchant, allowing merchants to provide its customers with the perks of Amazon's membership program.
Private Equity Insights
AUGUST 31, 2023
Maddix Capital Launches $125M+ Hybrid Equity & Opportunistic Credit Fund, Maddix Services, to Infuse Millions into Scalable Service-Based Businesses Maddix Capital Services Fund II, the second private equity fund under the Maddix Capital banner, has been launched out of Utah to infuse hundreds of millions of dollars into scalable service-based investments.
The Motley Fool
AUGUST 31, 2023
Johnson & Johnson (NYSE: JNJ) plans to cut or dramatically scale down its vaccine and infectious disease division. It won't be developing new medicines in the segment, and it's unclear whether it plans to continue making and selling its existing portfolio. The move comes roughly around the same time the company finalizes the spinoff of its consumer health division, called Kenvue.
Private Equity Insights
AUGUST 31, 2023
Veritas Capital, a private equity firm focused on making investments in companies that provide technology-enabled products and services, has made an offer to buy BlackBerry Ltd, according to report by Reuters. The report cites an unnamed source with knowledge of the matter as confirming the approach, which comes after the Canadian technology company launched a strategic review of its business.
The Motley Fool
AUGUST 31, 2023
What happened Shares of Chewy (NYSE: CHWY) were down 11% as of 10:18 a.m. ET on Thursday after the company's second-quarter earnings release. The online pet care supplier reported sales growth of 14.3% over the year-ago quarter, with adjusted earnings per share remaining flat year over year at $0.15. However, what seemed to spook the market were comments from management that consumers are starting to trade down for value amid high inflation.
Private Equity Insights
AUGUST 31, 2023
Redwood Materials raises over $1bn in Series D investment round. Redwood announce the completion of our most recent equity funding round, in which we raised more than $1bn in Series D shares. The round which was co-led by Goldman Sachs Asset Management, Capricorn’s Technology Impact Fund, and funds and accounts advised by T. Rowe Price Associates, Inc.
The Motley Fool
AUGUST 31, 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. Everything apps are kind of like an everything bagel -- messy and too many ingredients. Elon Musk's plan to turn X into an everything app (hold the cream cheese) is coming into view.
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