The Motley Fool

OCTOBER 27, 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. This week, a curious press release came through the Power Corridor inbox. The U.S. Securities and Exchange Commission announced that it charged BlackRock – the largest money manager in the world, with nearly $10 trillion in assets – for failing to properly disclose to its customers $75 million of investments it made in the

Securities and Exchange Commission (SEC) 246

Securities and Exchange Commission (SEC) Assets Financing Finance 246

PE Hub

OCTOBER 27, 2023

Sheridan invested alongside Ascend’s surgeons and management, who have retained a meaningful ownership stake in the business. The post Sheridan Capital forms Ascend Plastic Surgery Partners appeared first on PE Hub.

Capital 238

Capital Stakes Investing Funds 238

The Motley Fool

OCTOBER 27, 2023

China-based online auto insurance and after-sales services company SunCar Technology (NASDAQ: SDA) drifted far back in the slow lane this week, at least as far as Mr. Market was concerned. The company's stock price declined by just under 28% over the period, according to data compiled by S&P Global Market Intelligence , following its announcement of a secondary share issue.

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Capital Investors Returns Companies 246

PE Hub

OCTOBER 27, 2023

Clearlake, RedBird, Arctos and Blue Owl are among the PE firms investing in teams. The post NFL ownership rule changes will help PE firms score more deals appeared first on PE Hub.

Investing 203

Investing 203

The Motley Fool

OCTOBER 27, 2023

Image source: Getty Images Although many of us are still putting together last-minute costumes for Halloween and refreshing our candy supplies, the winter holidays will be here before we know it. And that's apt to be a pretty expensive time of the year. The average consumer is expected to spend $875 this year on holiday gifts and purchases, according to the National Retail Federation.

Debt 246

Debt 246

PE Hub

OCTOBER 27, 2023

CAE's healthcare business is a provider of medical simulation and training solutions. The post Madison Industries to acquire CAE’s healthcare biz for C$311m appeared first on PE Hub.

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PE Hub

OCTOBER 27, 2023

Prior to joining Excellere, Black worked as a senior analyst for Chicago-based Healthwell Acquisition Corporation. The post Beck joins Excellere Partners as associate appeared first on PE Hub.

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The Motley Fool

OCTOBER 27, 2023

Image source: Getty Images Right now is an excellent time to have money in the bank. Why's that, you ask? Well, the Federal Reserve's repeated interest rate hikes have increased the rate banks pay to lend to each other, and as a result, those banks have steadily increased APYs on deposit accounts for consumers. This includes savings accounts and certificates of deposit (also known as CDs).

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Accounting Banks Debt Funds 235

PE Hub

OCTOBER 27, 2023

Founded in 2013, SquadUP's clients include New York City Wine & Food Festival, Tribeca Film Festival, Williams Sonoma, and Sephora. The post Performant Capital picks up ticketing platform SquadUP appeared first on PE Hub.

Capital 193

Capital 193

The Motley Fool

OCTOBER 27, 2023

There wasn't a lot of good news coming from the solar industry this week. SunPower (NASDAQ: SPWR) said it needed to restate earnings for the last year and a half, Enphase Energy (NASDAQ: ENPH) gave terrible guidance, and a short report hit Sunrun (NASDAQ: RUN). According to data provided by S&P Global Market Intelligence , at 1 p.m. ET on Friday, shares of Maxeon Solar Technologies (NASDAQ: MAXN) are down 19.8% since Friday's close, Enphase has dropped 17.7%, SunPower is down 20.2%, and Sunrun h

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Investors Companies Returns Investing 130

PE Hub

OCTOBER 27, 2023

Based in Pittsburgh, TruFood Manufacturing is a maker of nutrition bars, protein bars, chocolate moulded products and baked goods. The post Mubadala Capital-backed TruFood Manufacturing appoints Buick as CEO appeared first on PE Hub.

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Capital 193

The Motley Fool

OCTOBER 27, 2023

Investors in NextEra Energy (NYSE: NEE) got some respite this week as the utility stock surged after falling consistently since the end of September. NextEra Energy stock was trading 9% higher through noon Friday, according to data provided by S&P Global Market Intelligence , as investors saw an opportunity to buy the beaten-down stock after its latest quarterly numbers came out.

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Investors Companies Returns Investing 130

PE Hub

OCTOBER 27, 2023

In this role, Tornatore willl focus on business development and capital formation. The post Frazier hires Tornatore as VP for growth buyout IR team appeared first on PE Hub.

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The Motley Fool

OCTOBER 27, 2023

Week to date, shares of Logitech International (NASDAQ: LOGI) were up 12% as of 10:58 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. The computer equipment brand reported improving sales trends in its latest business update. While sales fell 8% year over year in the fiscal second quarter ending in September, sales were up almost 9% over the previous quarter.

Prospects 130

Prospects Returns Companies Investors 130

PE Hub

OCTOBER 27, 2023

Audax is planning to countersue H.I.G. after the latter's lawsuit about Mobileum. The post Audax looks to countersue HIG over Mobileum deal; Nuveen shares insights on private credit appeared first on PE Hub.

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The Motley Fool

OCTOBER 27, 2023

Enphase Energy (NASDAQ: ENPH) reported earnings after the market closed on Thursday, and the market was shocked by how badly the business is doing. It wasn't third-quarter results that were disappointing; it was fourth-quarter guidance that was so surprising. In this video, Travis Hoium explains how Enphase Energy got here and how to interpret the results.

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Returns Investors Investing 130

PE Hub

OCTOBER 27, 2023

The capital infusion will be used by Accelerated Brands to bolster the financial strength of the existing business, provide capital for near-term acquisitions, and aid in the future growth of the company. The post Monarch Alternative Capital backs oil change and car wash platform Accelerated Brands appeared first on PE Hub.

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Capital Companies 174

The Motley Fool

OCTOBER 27, 2023

Shares of Chevron (NYSE: CVX) were down 5.5% as of 1:30 p.m. ET Friday after the oil giant posted weaker-than-expected quarterly earnings. Chevron's profits plunged on lower oil prices Chevron's third-quarter operating revenue declined 18.3% year over year, to $52 billion -- worse than estimates calling for a 17.9% drop -- primarily driven by lower commodity prices.

Shareholders 130

Shareholders Returns Capital Companies 130

PE Hub

OCTOBER 27, 2023

Enhancing private equity strategies with Scotch whisky cask investment. The post From the barrel to the bank appeared first on PE Hub.

Banks 198

Banks Investing 198

The Motley Fool

OCTOBER 27, 2023

Industrial conglomerate Crane (NYSE: CR) overhauled its operations earlier this year, splitting off some of its tech as a separate company. This week, the market got an update on how the post-split Crane is performing, and investors liked what they saw. As of Friday afternoon, shares of Crane are up more than 10% for the week, according to data provided by S&P Global Market Intelligence , after strong earnings and an optimistic forecast for what is to come.

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Conglomerates Assets Portfolios Companies 130

PE Hub

OCTOBER 27, 2023

Winston & Strawn LLP served as legal counsel to Wind Point and KPMG LLP provided transaction advisory services in connection with the transaction. The post Wind Point buys manufacturer Central Moloney appeared first on PE Hub.

Legal 167

Legal 167

The Motley Fool

OCTOBER 27, 2023

Shares of Microstrategy (NASDAQ: MSTR) rose as much as 24.5% this week, according to data from S&P Global Market Intelligence. The business intelligence specialist, which has converted nearly all of its cash reserves into Bitcoin (CRYPTO: BTC) tokens, reached that peak on Wednesday morning, as measured from last Friday's closing price. Of course, Bitcoin followed a similar trajectory and reached a 19-month record price of $35,116 just before noon Eastern time on Wednesday.

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Securities and Exchange Commission (SEC) Exchange-Traded Funds Financial Institutions Financing 130

PE Hub

OCTOBER 27, 2023

The seller was Unilever. The post Nexus Capital scoops up razor brand Dollar Shave Club appeared first on PE Hub.

Capital 180

Capital 180

The Motley Fool

OCTOBER 27, 2023

Shares of ACM Research (NASDAQ: ACMR) , which makes equipment to clean semiconductor wafers, were taking a dive today after the company provided disappointing preliminary revenue numbers. As of 2:18 p.m. ET, the stock was down 19.6%. Image source: Getty Images. Revenue is up, but not by enough In an update ahead of its third-quarter earnings report, ACM Research said it expected to report $165 million to $168 million in revenue, which was below the analyst consensus of $173.7 million.

Prospects 130

Prospects Companies Returns Investors 130

A Wealth of Common Sense

OCTOBER 27, 2023

Here’s something Henry Blodget wrote about notorious stock market bear John Hussman: Every historical indicator Hussman is looking at is suggesting that the stock market is wildly overvalued and headed for a period of lousy returns. How lousy? John Hussman thinks there’s a good chance the stock market will soon crash 40-50 percent. And even if the market doesn’t crash, Hussman thinks stocks are priced to.

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Stock Market Stock Market Returns 128

The Motley Fool

OCTOBER 27, 2023

Shares of Newell Brands (NASDAQ: NWL) were down 9.6% as of 3:45 p.m. ET Friday after the company behind brands such as Sharpie, Rubbermaid, Coleman and Yankee Candle announced mixed quarterly results and lowered its full-year outlook. Newell Brands' third-quarter net sales fell 9.1% year over year to $2.05 billion, translating to adjusted ( non-GAAP ) earnings of $0.39 per share (down from $0.50 per share a year earlier).

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Private Equity Wire

OCTOBER 27, 2023

Robert Bosch Gmbh, a German engineering firm and auto part maker, is set to raise at least $750m through a privately placed bond deal which taps into the US private placement market, according to a report by Bloomberg. Citing unnamed sources familiar with the matter, the report said that the sale is being managed by Bank of America Corp. and Mizuho Securities.

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The Motley Fool

OCTOBER 27, 2023

The crypto market really came to life this week as speculation got to a fevered pitch over the potential approval of a Bitcoin (CRYPTO: BTC) ETF. Nothing has been given the go-ahead by the Securities and Exchange Commission (SEC) yet, but investors are definitely getting out in front of the potential news with Bitcoin up 14% over the past week. More interesting moves came from smaller tokens that could provide utility to the industry.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Bidding Assets Investors 130

AltAssets

OCTOBER 27, 2023

Fortress Investment Group is aiming to land as much as $8bn for its latest credit opportunities invest fund. The US invest management firm is aiming to finance areas ranging from distressed debt to structured credit, according to a report from Bloomberg which cites people with knowledge on the matter. The fund, known as Fortress Credit […] The post Fortress targets $8bn in latest fund for credit opportunities first appeared on AltAssets Private Equity News.

Funds 88

Funds Debt Financing Finance 88

The Motley Fool

OCTOBER 27, 2023

Shares of brewhouse restaurant chain BJ's Restaurants (NASDAQ: BJRI) popped almost 9% to end the week after reporting financial results for the third quarter of 2023. This one is a bit of a head-scratcher, considering financial results missed expectations and analysts lowered price targets. The stock was even down as much as 5% early in the session before jumping to as much as a 10% gain.

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Prospects Investors Companies Returns 130

Private Equity Wire

OCTOBER 27, 2023

HIG Capital, a private equity firm, has sued its rival Audax Group for misleading it about the financial strength of a telecom-software firm it had acquired in a 2022 deal, according to a report by Bloomberg. Citing sources familiar with the matter, the report said that HIG believed it had been mislead qua the $915m deal in a “brazen, massive, systemic fraud” relating to the sale of Mobileum, claiming that on Audax instruction managers artificially inflated the telecom firm’s revenue numbers by

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Capital Private Equity Firms Private Equity Firms Legal 87

The Motley Fool

OCTOBER 27, 2023

Shares of manufacturer Chart Industries (NYSE: GTLS) fell 25% in trading on Friday after it announced third-quarter 2023 financial results. A disappointing quarter for Chart Industries Revenue was up nearly 10% from a year ago, to $898 million, and the net loss was $3.4 million, or $0.08 per share. Adjusting for one-time costs, earnings were $1.28 per share, up from $1.19 a year ago.

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Leveraging Debt Investors Returns 130

AltAssets

OCTOBER 27, 2023

Ares Management is reportedly leading a preferred equity investment into Warburg Pincus portfolio company Consolidated Precision Products(CPP), an aerospace parts manufacturer, according to a report from Bloomberg. The size of the investment was not revealed, but it would enable CPP to fully refinance $356m of second-lien debt, partially repay a $1.1bn first-lien leveraged loan maturing […] The post AltAssets private equity deal roundup – October 27, 2023 first appeared on AltAssets Privat

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Leveraging Debt Portfolios Companies 86

The Motley Fool

OCTOBER 27, 2023

Auto parts company LKQ (NASDAQ: LKQ) wasn't exactly driving its shareholders on the fast track to wealth these past few days. According to data compiled by S&P Global Market Intelligence , those shares fell by more than 10% in value over the course of the week. This was in the wake of the company's latest earnings report, which many considered to be disappointing.

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