The Motley Fool
JULY 6, 2023
Image source: Getty Images Lower class, middle class, and upper class are all widely used, but rarely defined terms. For some people, lower class means living in poverty, upper class means a life of luxury, and middle class is everyone else. Thanks to reports by the U.S. Census Bureau, we can get a much more accurate idea of what these terms mean financially.
PE Hub
JULY 6, 2023
Cam-Scott Transport is a Whitby, Ontario-based provider of temperature-sensitive delivery services. The post Mubadala-backed Canada Cartage acquires Cam-Scott Transport appeared first on PE Hub.
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The Motley Fool
JULY 6, 2023
Image source: Getty Images What happened Dollar Tree branched away from its trademark $1 dollar pricing at the end of 2021, when it pushed prices of the vast majority of products up to $1.25. That's about to change again. According to Winsight , the company told its annual investor conference it plans to bring the cost of 300 or 400 products back to $1.
PE Hub
JULY 6, 2023
The deal was for about $4.6 billion. The post Platinum Equity-backed Solenis completes buyout of cleaning products firm Diversey appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
In this video, I will discuss how Nvidia 's (NASDAQ: NVDA) biggest threat might not be Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the market prices of July 6, 2023. The video was published on July 6, 2023. 10 stocks we like better than Nvidia When our analyst team has a stock tip, it can pay to listen.
PE Hub
JULY 6, 2023
SPG is a provider of protective packaging manufacturer in North America. The post Altamont-backed SPG buys packaging firm PPS 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
JULY 6, 2023
Denver-based Mercer is a wealth management and financial planning firm. The post PE-backed Mercer Global Advisors buys wealth management firms Day & Ennis and Mallard appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
Image source: Getty Images I spend way too much time browsing houses on Zillow, but I'm not alone in my hobby. The company says it has more than 200 million unique viewers every month. One thing I've noticed in all my hours of scrolling is that there are far fewer existing homes for sale than there used to be. And the latest National Association of Realtors (NAR) data backs up my anecdotal observations.
PE Hub
JULY 6, 2023
Prior to joining Fengate, Pereira was with Canada Pension Plan Investment Board for almost 12 years. The post Fengate taps Jennifer Pereira as managing director, private equity appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
Image source: Getty Images Costco is an ideal place to shop if you enjoy getting a discount. You probably already know about some of the most popular items you can buy at Costco. Groceries, toiletries, electronics, beauty products, clothes, furniture, and home accessories are some of the most well-known items sold at the warehouse club. But there's another item you may be surprised to learn you can save money on by using your Costco membership card.
PE Hub
JULY 6, 2023
PSP Investments will remain the majority shareholder in Angel Trains with a stake of 64.25%. The post Arjun bags 10% stake in Angel Trains from PSP Investments appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
Artificial intelligence could push the economy to new productivity levels over the coming years, but most businesses won't be doing it on their own. Instead, they'll enlist help from companies like C3.ai (NYSE: AI) and Palantir Technologies (NYSE: PLTR) , which develop AI software solutions for organizations. Both stocks have been big winners this year; C3.ai has soared a staggering 234% since January, while Palantir has followed closely behind with 141% in gains.
PE Hub
JULY 6, 2023
Based in Montreal, Sagard is the alternative asset investment arm of Power Corp of Canada. The post ADQ, Bank of Montreal to acquire minority interests in Sagard appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
What happened Oil companies have certainly had their share of big moments recently, but ExxonMobil (NYSE: XOM) was a downer of a stock on Thursday. The energy giant's shares fell by almost 4% following a business update from the sprawling company. That tumble was notably more drastic than the 0.8% fall of the S&P 500 index on the day. So what Traders' reaction was understandable, as ExxonMobil said in a regulatory document filed late on Monday that it anticipated reporting lower-than-expecte
PE Hub
JULY 6, 2023
Based in London, Man Group is an investment management firm. The post Man Group to take controlling stake in private credit manager Varagon appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
What happened Shares of artificial intelligence (AI) and cybersecurity enterprise software names C3.ai (NYSE: AI) , Cloudflare (NYSE: NET) , and Zscaler (NASDAQ: ZS) fell on Thursday, down as much as 9.8%, 5.3%, and 5.8%, before recovering to mere 2%, 3%, and 4.1% losses, respectively, as of 1:53 p.m. ET. It was generally a poor day for technology stocks, and especially high-growth software names that tend to trade at higher valuations and which had already logged strong year-to-date gains.
PE Hub
JULY 6, 2023
With headquarters in Dallas, Texas, Ryan is a global tax services and software provider. The post PE-backed Ryan scoops up tax relief consulting agency Indigo appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
Some sobering figures on retirement preparedness were published in June. In a survey conducted by Northwestern Mutual, around half of respondents said they don't expect to have enough saved by the time they reach retirement age. Even worse, baby boomer and Gen X respondents were among the least confident compared to other age groups, and they don't have multiple decades to change course.
PE Hub
JULY 6, 2023
As part of our annual Women of Influence in Private Markets list, we shine a light on 10 female professionals who are helping to shape the future of private equity. The post Women of Influence: Private equity appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
Editors note: this article has been edited to reflect a new Thread from Meta founder and CEO Mark Zuckerberg indicating that the total number of users signed up for the new app has reached 30 million, up from the previously reported 10 million. After months of rumors and speculation, Meta Platforms (NASDAQ: META) has finally released Threads, its long-awaited rival to Twitter.
PE Hub
JULY 6, 2023
Titan acquired CMSD in 2020 to establish a strategic footprint in San Diego. The post Carlyle and Stellex built a bi-coastal ship repair biz in Titan, before selling it to Lone Star appeared first on PE Hub.
The Motley Fool
JULY 6, 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. Microsoft may be adding another piece to its green agenda. The company filed a patent application for a "carbon capture system." Microsoft's system works specifically in conjunction with data centers, as they generate a great deal of exhaust heat from their cooling systems.
PE Hub
JULY 6, 2023
The deal puts Worldpay at a valuation of $18.5 billion. The post GTCR to acquire majority stake in payment processing firm Worldpay appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
The stock market suffered a significant drop on Thursday. Investors were concerned that strong employment figures could mean a longer period of high interest rates. The Dow Jones Industrial Average (DJINDICES: ^DJI) led markets lower with a decline of more than 1%, but the drops in the Nasdaq Composite (NASDAQINDEX: ^IXIC) and S&P 500 (SNPINDEX: ^GSPC) were almost as bad.
PE Hub
JULY 6, 2023
Headquartered in Houston, Texas, Third Coast is a full-service midstream company. The post Third Coast picks up stake in offshore platform Perdido from ArcLight appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
Image source: Getty Images You may already be aware that Prime Day is coming up next week. On July 11 and July 12, Prime subscribers can score members-only deals on electronics, clothes, kitchen items, everyday essentials, and more. But Amazon has plenty of early deals to shop, too. If you've been thinking about adding a new streaming service to your rotation, Amazon could help you save money.
PE Hub
JULY 6, 2023
GTCR acquires controlling stake in payment processing firm Worldpay. The post GTCR to carve out Worldpay from FIS; Bridge Growth talks about Accedian exit; plus, women of influence appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
Image source: Getty Images Many Amazon Prime members are super excited for the online retail giant's Prime Day event, which is scheduled to take place on July 11 and July 12 this year. But the reality is that Amazon offers great deals all year round. So if you don't want to wait for Prime Day or don't want to deal with the pressure of having to be at your laptop during a specific window of time, here are some current deals worth checking out. 1.
PE Hub
JULY 6, 2023
'It’s become more and more important that enterprises and service providers have visibility in what's going on in real time,' said Bridge Growth's Tom Manley. The post Bridge Growth made way for 5G with Accedian before selling it to Cisco appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
Image source: Getty Images We're nearly a quarter of the way through the 21st century, and yet some people still climb into their cars and drive to their local brick-and-mortar bank when they have financial business to take care of. Here are six advantages of using the online banking services offered by your financial institution. 1. Bank from anywhere in the world Whether you travel on occasion or are always on the go, using your bank's online system makes it possible to stay on top of your fin
PE Hub
JULY 6, 2023
Inflexion, Orangewood and PAI Partners are among the firms interested in the financial services sub-sector. The post 6 PE-backed accounting services deals: Balancing the books appeared first on PE Hub.
The Motley Fool
JULY 6, 2023
There's no rest for Cathie Wood during a holiday-abridged trading week. The widely followed founder, CEO, and chief investment officer of Ark Invest aggressively added to her exchange-traded funds' portfolios on Wednesday after the markets reopened from their observance of Independence Day. Wood added to her positions in nearly a dozen different stocks on Wednesday, but among her more interesting purchases were Roku (NASDAQ: ROKU) , Nextdoor (NYSE: KIND) , and Meta Platforms (NASDAQ: META).
Private Equity Insights
JULY 6, 2023
Saudi Arabian private equity firm and hotel owner The Olayan Group has bought the 120-room Mandarin Oriental, Barcelona, from Andorra-based family office Reig Capital Group, according to a news release from JLL. No price tag was disclosed in the July 3 deal, but the guide price is reportedly €240 million ($261 million), according to Spanish newspaper El Pais.
The Motley Fool
JULY 6, 2023
Although not everyone is willing or able to purchase Bitcoin (CRYPTO: BTC) directly in their investment accounts, shares of Riot Platforms (NASDAQ: RIOT) provide exposure to the cryptocurrency's potential upside. There may not be a 1-to-1 correlation between Bitcoin and Riot stocks, but there's no denying the influence of the former on the latter. I've chosen Riot Platforms stock as my July pick to express my bullish outlook on Bitcoin and companies that produce it.
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