Sat.Aug 19, 2023 - Fri.Aug 25, 2023

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Private Equity Firm Francisco Partners Buys IBM Weather Business at a Value of Around $1BN

Private Equity Insights

International Business Machines has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday. The sale includes The Weather Company’s consumer-focused assets such as Weather.com and Storm Radar, as well as enterprise offerings for industries including media and aviation.

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IVEST snaps up licensing rights to franchise Care Bears for $100m

PE Hub

Included in this transaction are the rights to the Care Bears and other characters and games, including Holly Hobbie and Mad Balls. The post IVEST snaps up licensing rights to franchise Care Bears for $100m appeared first on PE Hub.

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Trending Sources

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The BS List - We Don't Like This Space (No. 52)

This is going to be BIG.

One of my favorite startups to have backed was a travel company called Noken. You answered a few basic questions about travel preferences, like pace, the fanciness of the hotel, etc., and then BOOM they sent you a link to an app with your whole trip, completely booked, with a map driven itinerary and a text concierge available to make last minute changes, etc.

Startups 147
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'Egg Crack Challenge' on TikTok Puts Children at Risk of Emotional Harm, Experts Warn

Entrepreneur - VC

Parents on TikTok are participating in the "eggcrack challenge," cracking eggs on their children's heads, sparking concerns from experts regarding the potential emotional harm.

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1 Artificial Intelligence (AI) Stock to Buy Hand Over Fist Before It Soars Like Nvidia

The Motley Fool

Nvidia 's valuation has gone through the roof in 2023 thanks to a huge rally in the company's stock price. Shares of the chipmaker have shot up roughly 230% so far this year, driven primarily by the artificial intelligence (AI) arms race that has led to booming demand for its data center graphics cards that are being deployed for training AI models.

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Roark Capital to buy fast-food restaurant chain Subway

PE Hub

J.P. Morgan is serving as financial advisor to Subway while Sullivan & Cromwell LLP is serving as legal counsel. The post Roark Capital to buy fast-food restaurant chain Subway appeared first on PE Hub.

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More Trending

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Qase Raises $6.7M in Series A Funding

FinSMEs

Qase, an Austin, TX-based platform that enables dev and QA teams to conduct manual and automated software testing in one workspace, raised $6.7m in Series A funding. The round was led by Chrome Capital with participation from Finsight Ventures and S16VC. The company intends to use the funds to scale its team, and to launch […] The post Qase Raises $6.7M in Series A Funding appeared first on FinSMEs.

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What Is VinFast Auto and Why Is the Stock Up Over 240% in 5 Days?

The Motley Fool

How often do you see a stock zoom more than 270% within days of its initial public offering (IPO) ? Speculation and momentum often drive such large, erratic moves in stock prices. While a blowout stock market debut may not always be the best buying opportunity, it often does create the perfect time to learn more about a company and see why its stock is rising.

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Thoma Bravo completes take-private acquisition of ForgeRock for $2.3bn

PE Hub

According to terms of the deal, ForgeRock stockholders will receive $23.25 in cash for each share they own. The post Thoma Bravo completes take-private acquisition of ForgeRock for $2.3bn appeared first on PE Hub.

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Lessons for Investors from Mini-Panics

The Big Picture

The first post-pandemic presentation I pulled together for my pal Joe Fitzgerald (we worked together in the late 2000s) was a new deck titled: Biggest Mistakes Made by UHNW Investors. In the intervening year, I updated and refined the deck, adding more examples and specific advice. below is my discussion of what the presentation will be like at the MoneyShow in Orlando on October 30.

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Metroc Raises €2M in Seed Funding

FinSMEs

Metroc, a Helsinki, Finland-based construction tech company, raised €2m in seed funding. Backers included Lifeline Ventures, and some angel investors. The company intends to use the funds to expand its reach to other Nordic countries and beyond, and grow its team, especially in tech, sales, and marketing. Led by Jussi Virnala, Founder & CEO, Metroc provides an […] The post Metroc Raises €2M in Seed Funding appeared first on FinSMEs.

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Warren Buffett Will Collect $4.31 Billion in Annual-Dividend Income From These 5 Stocks

The Motley Fool

For the past 58 years, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has been running circles around Wall Street. He's overseen a greater-than 4,300,000% aggregate gain in his company's class A shares (BRK.A), as of the closing bell on Aug. 18, 2023, and has doubled-up the broad-based S&P 500 (as of Dec. 31, 2022), based on annualized total return, since becoming CEO.

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IVEST’s acquisition of Care Bears rights is a ‘rare opportunity’ for private equity

PE Hub

In the summer of Barbie, IVEST has landed the rights to the Care Bears franchise by buying Cloudco for $100m. The post IVEST’s acquisition of Care Bears rights is a ‘rare opportunity’ for private equity appeared first on PE Hub.

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Forget the iPhone: BlackBerry is still the one to beat

The Big Picture

How little do we know about the future? A great way to figure that out is to look to our past, to see what we previously thought about what the future will hold. To wit: 26 years ago, the image above came from the cover story of Fortune magazine: “There’s a lot of buzz in the smartphone business lately, with Apple’s (AAPL) iPhone turning the mobile world upside down and Nokia’s (NOK) upcoming phone announcement providing a new challenge.

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EverService Acquires iLawyer Marketing

FinSMEs

EverService Holdings, a Phoenix, AZ-based provider of tech-enabled business solutions, acquired iLawyer Marketing, a San Diego, CA-based legal-focused digital marketing solutions company. The amount of the deal was not disclosed. The acquisition further enhances EverService’s commitment to innovating the legal industry through advanced technology and integrated services.

Legal 98
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Why Nikola Stock Popped Today

The Motley Fool

What happened Shares of electric and fuel-cell-powered truck company Nikola (NASDAQ: NKLA) soared 11% through 12:15 p.m. ET this afternoon after Barron's reported that the California State Teachers' Retirement System (CalSTRS, the second-largest pension fund in the U.S.) has increased its investment in the EV company. So what In the second quarter of 2023, CalSTRS added 221,367 Nikola shares to its holdings, a 52% increase that brings its total investment in the EV maker to 641,827 shares.

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What drives success at CPP Investments’ giant PE portfolio

Top 1000 Funds

Size and scale are not always advantages. Against the backdrop of tougher market conditions, CPP Investments' global head of private equity Suyi Kim says successfully managing what could be the world’s largest private equity allocation a program will depend on successfully managing the large team.

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Video: Couple Frantically Tries To Wave Down Cruise Ship Before Being Stranded At Dock

Entrepreneur - VC

A couple set to board the MSC Splendida out of Bari, Italy, is going viral after footage of the pair trying to stop the boat from leaving the port made its way around social media.

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Aily Labs Raises €19M in Series A Funding

FinSMEs

Aily Labs, a Munich, Germany-based provider of an AI-powered decision intelligence app for global enterprises, raised €19M in Series A funding. The round was led by Insight Partners. The company intends to use the funds to scale operations and expand its presence in the United States while accelerating innovation in digital solutions and applied GenAI.

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Why VinFast Auto Jumped Today and Nearly Quadrupled This Week

The Motley Fool

What happened Shares of VinFast Auto (NASDAQ: VFS) are jumping yet again today. After a spike of nearly 30% Friday morning, the Vietnamese electric vehicle (EV) maker's stock was still higher by 17.5% as of 10:55 a.m. ET. After going public through a combination with a special purpose acquisition company (SPAC) last week, today's move has helped the newly public stock nearly quadruple just this week.

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Finnish fund Elo’s CIO reveals portfolio plans

Top 1000 Funds

Hanna Hiidenpalo, Elo’s CIO discusses progress around internal management, the impact of Finnish equities on the portfolio, and the fund’s sustainability program which includes a target of carbon-neutral energy use in direct real estate by 2027.

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'This Is So Beautiful': Internet Raises Over $420,000 For Burger King Worker Who Hasn't Missed a Day in 27 Years

Entrepreneur - VC

Kevin Ford, who has worked at the Burger King in the Harry Reid International Airport in Las Vegas for 27 years, went viral after viewers saw that management only rewarded his efforts with a bag of candy.

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Borderless Raises £2.5M in Seed Funding

FinSMEs

Borderless, a London, UK-based workforce migration platform provider, raised £2.5m in seed funding. The round was led by Backed VC with participation from Tiny VC and angels including Charlie Songhurst and Chris Mairs. The company intends to use the funds to expand operations and its business reach. Co-founded by Matthew Bond and Jonathan Raphael, Borderless […] The post Borderless Raises £2.5M in Seed Funding appeared first on FinSMEs.

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Great News for Plug Power Stock Investors

The Motley Fool

Fool.com contributor Parkev Tatevosian discusses the market opportunity for Plug Power 's (NASDAQ: PLUG) products in this short video. *Stock prices used were the afternoon prices of Aug. 22, 2023. The video was published on Aug. 24, 2023. 10 stocks we like better than Plug Power When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.* They just revealed what they believe are the t

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Investing is the Study of Human Decision Making

The Big Picture

Most people believe that investing is the science of generating a return on capital. That is an accurate but incomplete assessment. I believe it is more useful and comprehensive to define investing as the decision-making behavior of human beings as they interact with money: What their financial desires are, the risks they embrace, how they think about wealth, and what emotional pain they willingly suffer in order to generate that return on capital.

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25 Things Frugal People Do (That You Aren’t Doing and Should!)

Entrepreneur - VC

Frugality is not a dirty word, even though it’s gotten a bad rap. Why? There is a misconception that being frugal means being cheap. However, that’s not really true.

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Bonfire Analytics Closes USD1M Pre-Seed Funding

FinSMEs

Bonfire Analytics, a New York-based healthtech startup, raised USD1M in Pre-Seed funding. The backers were not disclosed. The company intends to use the funds to perfect the product experience and acquire high value data sets that will make their predictions more accurate. Founded by Vinay Nagaraj and Jaya Pokuri in 2022, Bonfire Analytics enables digital […] The post Bonfire Analytics Closes USD1M Pre-Seed Funding appeared first on FinSMEs.

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Stock Market Sell-Off: 3 Tech Stocks Investors Should Avoid Right Now

The Motley Fool

The stock market seems uncertain right now. Some stocks experienced continued declines even after a massive sell-off in the 2022 bear market. Others recovered significantly in the first half of the year but reversed course in July and August as their financials failed to meet investor expectations. Such times leave investors questioning the growth potential of many stocks.

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UN pension fund flags climate risk on ALM and performance

Top 1000 Funds

In a nod to headwinds including climate change, evolving demographics, and the future economic outlook the $85.5 billion United Nations Joint Staff Pension Fund will use a slightly lower real rate of return to inform its upcoming actuarial valuation with the 2023 ALM scenario planning focusing on climate risk.

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'Can't Thank Him Enough For My Childhood': Gamers Mourn a Major Change for Super Mario Bros. Nintendo Character

Entrepreneur - VC

It's the end of an era as Nintendo announced that Charles Martinet, who has voiced the titular character of Mario in the Super Mario Bros. franchise for over 25 years, would be stepping away from his role.

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Weekday Raises $2.2M in Funding

FinSMEs

Weekday, a San Francisco, CA-based recruitment startup operating via a crowdsourced reference network, raised $2.2M in funding. The round was led by Venture Highway with participation from angel investors. The company intends to use the funds to expand operations and its business reach. Founded in 2021 by Amit Singh, Anubav Malik and Chetan Dalal, Weekday […] The post Weekday Raises $2.2M in Funding appeared first on FinSMEs.

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What's Your Social Security Break-Even Age? It Matters a Lot.

The Motley Fool

Since Social Security is likely to provide a big chunk of your retirement income -- it provides around 30% of the income of the retirees, on average -- it's worth learning how to make the most of it. One key thing to know is your break-even age, which can help you decide when to claim your benefits. Here's a look at the break-even age and how to calculate yours.

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Apple hits big oversold levels, now what?

The Reformed Broker

The Relative Strength Index or RSI is typically expressed as a 14-day reading to determine the degree to which a stock or an index is overbought or oversold, if at all. It was created in 1978 by J. Welles Wilder Jr. (here’s the book) who was a mechanical engineer by trade before turning his mathematical mind to stock and commodity trading, subsequently developing some of the most widely traded tools in technical ana.

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Modelo Continues to Dominate Bud Light, Hits Another Major Milestone for the First Time Ever

Entrepreneur - VC

Although external factors like Bud Light's PR woes played a role, Modelo's rise to the top wasn't merely coincidental. The company had aimed to become the No. 1 beer in America by 2025.