Sat.Sep 02, 2023 - Fri.Sep 08, 2023

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TJC acquires Ardian’s investment in packaging firm Soteria Flexibles

PE Hub

Soteria Flexibles was formed in 2019 following Ardian's acquisition of Colonial Bag. The post TJC acquires Ardian’s investment in packaging firm Soteria Flexibles appeared first on PE Hub.

Investing 266
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Thomson Reuters and Blackstone cashing out on LSEG for $2.9bn

Private Equity Insights

Investors in the London Stock Exchange Group, including Blackstone and Thomson Reuters , are launching a sale of roughly 28.3m shares worth about 2.3bn pounds ($2.9 billion), bookrunners said on Wednesday. The consortium, which includes Canada’s CPPIB and Singapore’s GIC, intends to sell a total of about 43.1m shares over time in the bourse operator.

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Trending Sources

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Beyoncé's Request to Fans Sparks a Surge in Sales for Small Businesses, Turning Side Hustles Into Major Money-Makers

Entrepreneur - VC

Beyoncé celebrated her birthday by urging fans to wear silver to her concerts during Virgo season. The request sparked a surge in sales for many small business owners. Read more about the Renaissance World Tour's economic impact, here.

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The U.S. Housing Market vs. The Canadian Housing Market

A Wealth of Common Sense

Way back in 2017, I wrote about how bananas Canadian housing prices were. This was the chart I used at the time: Canada basically skipped the housing bust from the Great Financial Crisis. Well, things got even more bananas in the ensuing years. Here’s the updated version: Canadian housing prices can remain irrational longer than you can stay solvent or something like that.

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Grant Avenue recaps life sciences and healthcare consultancy CREO

PE Hub

Clearsight Advisors served as financial advisor to CREO while Crosstree Capital Partners served as financial advisor to Grant Avenue. The post Grant Avenue recaps life sciences and healthcare consultancy CREO appeared first on PE Hub.

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What to Do About These High Interest Rates

Mr. Money Mustache

Whoa, have you seen what just happened to interest rates!? Suddenly, after at least fourteen years of our financial world being mostly the same, somebody flipped over the table and now things are quite different. Interest rates, which have been gliding along at close to zero since before the Dawn of Mustachianism in 2011, have suddenly shot back up to 20-year highs. – Which brings up a few questions about whether we need to worry, or do anything about this new development.

More Trending

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Should Your Investment Manager Have Skin in the Game?

A Wealth of Common Sense

A reader asks: My job is to run a concentrated 20 company portfolio (all listed companies, buy and hold, long term horizon etc.). I get a base salary and a bonus for performance. So a good amount of my annual earnings are tied to the performance of the companies I pick. I also have a small personal investment account. My question is around how I should think about investing this – should I use the fact that I spend.

Investing 133
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Bain Capital Private Equity to acquire industrial process firm Harrington

PE Hub

Harrington will continue to operate as a standalone company and be led by its current management team. The post Bain Capital Private Equity to acquire industrial process firm Harrington appeared first on PE Hub.

Capital 262
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Nobody Knows Anything, John Wick edition

The Big Picture

 In 2016, I wrote about the novelist and screenwriter William Goldman, and his delightful book, “ Adventures in the Screen Trade.” He is the Academy award-winning scriptwriter who penned such classics as “Butch Cassidy and the Sundance Kid” (1969), “All the President’s Men” (1976), “Marathon Man” (1974), and the cult-favorite “The Princess Bride (1973).

Financing 122
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Bill Gates Just Made a Big Bet on Anheuser-Busch and Bud Light, Despite Declining Sales

Entrepreneur - VC

The Bill and Melinda Gates Foundation Trust acquired approximately $95 million of Anheuser-Busch shares during the same period the company reported a dip in revenue for Q2 2023.

Companies 140
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TRLab Raises US$5M in Seed Funding

FinSMEs

TRLab, a New York-based fine art-focused tech startup, raised US$5M in Seed funding. The round was led by Hivemind Capital Partners and OKX Ventures. HashKey Capital also participated. The company intends to use the funds to on-board additional artists, foundations, and cultural institutions onto its platform, expand its market presence worldwide, and integrate new technologies that improve the digital art […] The post TRLab Raises US$5M in Seed Funding appeared first on FinSMEs.

Funds 121
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Dunes Point Capital acquires electrical products provider Warshaw Supply

PE Hub

Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC while Ridge Advisory served as financial advisor to Warshaw. The post Dunes Point Capital acquires electrical products provider Warshaw Supply appeared first on PE Hub.

Capital 258
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10 Labor Day Reads

The Big Picture

My 3-day weekend reads: • How Friday Became the New Saturday : A summer perk became a year-round staple. More white-collar employees are clearing the decks at the end of the week after pandemic upended in-office work. ‘Friday is just a dead day.’ ( Financial Times ) • All That Empty Office Space Belongs to Someone : If the nearly 100 million square feet of office real estate stays empty, who loses?

Debt 111
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He Went From Zero to Over $100 Million in Net Worth — and Adopting This '9-Figure' Mindset Made It Possible

Entrepreneur - VC

Serial entrepreneur Brandon Dawson had to adopt a new mindset following the loss of his first company. Read about his four-step approach and more, here.

Companies 143
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BlueWhale Bio Raises $18M in Funding

FinSMEs

BlueWhale Bio, a Philadelphia, PA-based new company spun out of the University of Pennsylvania to overcome key bottlenecks in cell and gene therapy manufacturing, raised $18M in funding. The round was led by Danaher Ventures LLC, the corporate venture subsidiary of Danaher Corporation, with a syndicate of life science investors including Novalis LifeSciences and Marshall Wace, amongst others. […] The post BlueWhale Bio Raises $18M in Funding appeared first on FinSMEs.

Funds 118
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Godspeed Capital scoops up design firm SRS

PE Hub

According to the terms of the deal, SRS will join Zyscovich Inc, a Florida-based architecture and design brand operating within Stratus, Godspeed Capital’s engineering, architecture, and consulting platform. The post Godspeed Capital scoops up design firm SRS appeared first on PE Hub.

Capital 260
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Banker glee does not tell the whole story on Lina Khan setbacks

Financial Times M&A

Settlement over Amgen $28bn acquisition shows the antitrust chief still won concessions to protect consumers

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'I Paid For It All': Miley Cyrus Reveals She 'Didn't Make a Dime' on 'Bangerz' Tour

Entrepreneur - VC

During her new video series called "Used to Be Young," the star revealed that she paid out of pocket for most of the provocative 'Bangerz' tour.

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PayJoy Closes $360M Capital Raise

FinSMEs

PayJoy, a San Francisco, CA-based provider of smartphone-based finance solutions, closed a $360m capital raise. The raise consisted of $150M in Series C equity and $210M in debt. The equity was led by Warburg Pincus, with participation from Invus, Citi Ventures and prior leads Union Square Ventures and Greylock. The debt funding was led by Citi and included other […] The post PayJoy Closes $360M Capital Raise appeared first on FinSMEs.

Capital 118
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The Orogen Group invests in digital tech firm Brillio

PE Hub

Brillio is backed by Bain Capital Private Equity, which acquired a stake in the company in 2019. The post The Orogen Group invests in digital tech firm Brillio appeared first on PE Hub.

Investing 258
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Zscaler (ZS) Q4 2023 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. Zscaler (NASDAQ: ZS) Q4 2023 Earnings Call Sep 05, 2023 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Thank you for standing by, and welcome to Zscaler earnings announcement fiscal year 2023 fourth quarter conference call. At this time, all participants are on a listen-only mode.

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Video Shows Meta CEO Mark Zuckerberg Sparring With MMA Fighters on a Floating Barge

Entrepreneur - VC

In a new video posted to Instagram, Meta CEO Mark Zuckerberg can be seen training with professional MMA fighters on a floating barge. Read more about Zuckerberg's MMA training, here.

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Ibex Medical Analytics Raises $55M in Series C Funding

FinSMEs

Ibex Medical Analytics, a Tel Aviv, Israel-based company advancing AI-powered cancer diagnostics, raised $55M in Series C funding. The round, which brought the total amount to $100M since its inception in 2016, was led by 83North. Other participants included Sienna Venture Capital and existing investors in the company, Octopus Ventures, aMoon, Planven Entrepreneur Ventures and […] The post Ibex Medical Analytics Raises $55M in Series C Funding appeared first on FinSMEs.

Funds 118
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Presidio Investors names Saade as operating partner

PE Hub

Earlier in his career, Saade held roles at McKinsey & Company, Booz Allen & Hamilton, Bridgewater Associates, Paradigm Ventures, Abbott Laboratories and Air America, a media company he co-founded. The post Presidio Investors names Saade as operating partner appeared first on PE Hub.

Investors 254
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HOOPP: A boardroom view of how to approach governance around climate change

Top 1000 Funds

Boards face a vital role supporting governance around climate change. The board journey of Canadian fund HOOPP serves as a starting point for other boards feeling equally challenged by the complexity of the issue writes co-chair Gerry Rocchi.

Funds 105
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NBA Star Giannis Antetokounmpo Spread His Money Across Half a Dozen Bank Accounts as a Rookie Because of the FDIC's $250,000 Limit. Billionaire Team Owner Marc Lasry Told Him to Invest Instead.

Entrepreneur - VC

After admitting to putting his money in several banks, NBA superstar Giannis Antetokounmpo is now getting investing advice from the Bucks' billionaire former co-owner, Marc Lasry.

Banks 140
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Harmonya Raises $20M in Series A Funding

FinSMEs

Harmonya, a New York-based software company which specializes in CPG and retail with AI-powered product data, raised $20M in Series A funding. The round, which brought the total amount to $25M, was led by Bright Pixel Capital with participation from existing investor Team8, as well as Arc Investors, J Ventures, Silicon Road Ventures, Allen & […] The post Harmonya Raises $20M in Series A Funding appeared first on FinSMEs.

Funds 118
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Prudential Financial and Warburg Pincus to invest in newly formed Prismic Life Reinsurance

PE Hub

The initial equity investments will be $1 billion. The post Prudential Financial and Warburg Pincus to invest in newly formed Prismic Life Reinsurance appeared first on PE Hub.

Investing 248
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1 Stock-Split Stock to Buy Hand Over Fist in September and 1 to Avoid Like the Plague

The Motley Fool

Directional moves in the stock market have been no more predictable than a coin flip since this decade began. The COVID-19 pandemic and 2022 bear market sent investor sentiment into the doldrums, while historically low interest rates and a capital-injecting Fed fueled stock-buying in 2021. When Wall Street vacillates, smart investors typically turn to outperforming stocks.

Investors 105
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'It's Embarrassing and I Feel So Bad': Jimmy Fallon Apologizes to Staff Following Bombshell Allegations of Toxic Work Environment

Entrepreneur - VC

Jimmy Fallon reportedly apologized to employees via Zoom call following a harrowing report from "Rolling Stone," which accused "The Tonight Show" host of fostering a toxic workplace.

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Enzai Raises USD 4M in Seed Funding

FinSMEs

Enzai, a Belfast, Northern Ireland, UK-based startup providing AI governance software, raised USD4M in Seed funding. The round was led by Cavalry Ventures with participation from Seedcamp, Techstart Ventures, Paul Forster, Jonathan Kewley, Sam Gill and Alexandre Berriche. The company intends to use the funds to build out their engineering capabilities and support their route-to-market […] The post Enzai Raises USD 4M in Seed Funding appeared first on FinSMEs.

Funds 118
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Placement agent Eaton Partners taps Siew as managing director

PE Hub

In this role, Siew will be responsible for co-heading the GP Solutions specialty alongside Dirk Jonske, who joined the firm last month, also as a managing director. The post Placement agent Eaton Partners taps Siew as managing director appeared first on PE Hub.

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7 of the Best Products to Buy at Sam's Club

The Motley Fool

Image source: Getty Images As my fellow personal finance fanatics can attest, getting a good bargain feels good. But we've all been bitten by the bargain that wasn't -- you know, those items that are so bad, even the low price doesn't stem the tide of regret. Store brands, in particular, are often guilty of being on the wrong side of the quality-price scale.

Financing 105
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How Jimmy Buffett Turned His Hit Song into a Billion-Dollar 'Margaritaville' Behemoth

Entrepreneur - VC

Jimmy Buffett's business empire spans music, hotels, restaurants, cruises, and even residential living. Read more about Jimmy Buffett's billionaire status, here.

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