Trusted Insighthttp://thetrustedinsight.com/2024-03-28T15:01:09.691036-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Cardone Capital Completes All-cash Acquisition In Florida, While 'debt-dependent Private Equity Firms Are Largely Pencils Down'
2024-03-28T15:01:09.691036-04:00https://www.thetrustedinsight.com/investment-news/cardone-capital-completes-all-cash-acquisition-in-florida-while-debt-dependent-private-equity-firms-are-largely-pencils-down-20240328753/
While many real estate investment firms are still sitting on the sidelines waiting for the Fed to cut interest rates, Cardone Capital has solidified its position in the multifamily market by acquiring 10X at The Forum, a prestigious 252-unit Class A property located in the vibrant Ft. Myers area. This move marks a strategic expansion of Cardone Capital’s portfolio and underscores its unique investment approach in the current economic climate. Strategic Debt-Free Transaction
The acquisition, which closed on March 22, 2024, was completed without incurring any debt.
John Pasmore Tries To Make Ai Less Biased. Just Don't Call It Blackgpt
2024-03-28T13:01:19.495752-04:00https://www.thetrustedinsight.com/investment-news/john-pasmore-tries-to-make-ai-less-biased-just-dont-call-it-blackgpt-20240328747/
John Pasmore, CEO and Co-founder of Latimer AILatimer AIJohn Pasmore founded Latimer, a startup that's weaving Black data into AI model outputs.He's building partnerships with HBCUs and Black media producers.Esther Dyson was the first outside investor in Latimer. On a recent cold, rainy afternoon in downtown Brooklyn, I met John Pasmore, the CEO of AI startup Latimer.He's a Black founder who is trying to accomplish something that seems almost impossible these days: Making AI less biased. Just don't call it "BlackGPT."
Marex Seeks U.s. Ipo As It Produces Growth And Profits (pending:mrx.)
2024-03-28T12:01:06.951820-04:00https://www.thetrustedinsight.com/investment-news/marex-seeks-us-ipo-as-it-produces-growth-and-profits-pendingmrx-20240328742/
Marex Group plc (MRX.) has filed to raise $100 million in an IPO of its ordinary shares, according to an SEC F-1 registration statement. Marex provides financial trading services to companies worldwide and is growing revenue and profits impressively. London, UK-based Marex Group plc was founded to provide a range of financial market access capabilities to companies seeking to trade on securities and commodity markets.
Lvmh-backed L Catterton Forms Jv With Former Hul Chief Sanjiv Mehta For A New Investment Vehicle | Mint
2024-03-28T07:01:17.458810-04:00https://www.thetrustedinsight.com/investment-news/lvmh-backed-l-catterton-forms-jv-with-former-hul-chief-sanjiv-mehta-for-a-new-investment-vehicle-mint-20240328725/
L Catterton, which aims to deepen its presence in India, manages about $35 billion of equity capital across three multi-product platforms: private equity, credit, and real estate.
Northwind Group Welcomes Robert Kalish As Managing Director, Head Of Capital Markets
2024-03-27T10:31:17.443684-04:00https://www.thetrustedinsight.com/investment-news/northwind-group-welcomes-robert-kalish-as-managing-director-head-of-capital-markets-20240327683/
Real estate private equity firm increases its capacity in structured finance credit strategy with executive hire. NEW YORK, March 27, 2024 /PRNewswire/ -- Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, announced today the appointment of Robert Kalish as the company's Managing Director, Head of Capital Markets. In this role, Kalish will lead Northwind's capital markets, fund raising, capital formation and business development initiatives. Kalish will report to Founder and Managing Partner Ran Eliasaf and work closely with the leadership team to oversee company growth.
Take-private Deal Or Not, Nuvei Is Attractive (nasdaq:nvei) | Seeking Alpha
2024-03-27T10:31:06.175921-04:00https://www.thetrustedinsight.com/investment-news/take-private-deal-or-not-nuvei-is-attractive-nasdaqnvei-seeking-alpha-20240327682/
I have been closely following the global Fintech sector for a few years. Expanding my horizons beyond just the U.S., I decided to invest in StoneCo Ltd. (STNE) a couple of years ago with the company continuing to make steady progress in Brazil, one of the hotspots for Fintech. Nuvei Corporation (NASDAQ:NVEI), a small yet profitable payment processing company based out of Montreal, Canada, caught my eye last week and I wanted to dig deeper to understand the dynamics behind the company. Nuvei is backed by Ryan Reynolds who invested an undisclosed amount in the company last year.
Looking For Gains In Private Equity? Tips For The Everyday Investor | Cfa Institute Enterprising Investor
2024-03-26T08:31:05.881611-04:00https://www.thetrustedinsight.com/investment-news/looking-for-gains-in-private-equity-tips-for-the-everyday-investor-cfa-institute-enterprising-investor-20240326640/
More than 13% of American households now qualify to invest in private equity. Before diving in, everyday investors should be aware of a few important considerations.
Carlyle Said To Weigh $1B Ipo For India It Firm Hexaware
2024-03-26T07:12:39.548145-04:00https://www.thetrustedinsight.com/investment-news/carlyle-said-to-weigh-1b-ipo-for-india-it-firm-hexaware-20240326633/
The US investment firm is speaking with potential arrangers to help prepare for an IPO in Mumbai this year or next, the people said, asking not to be identified because the matter is private. A share sale might value Hexaware at $4 billion or more, they said.
Top Pe Firms Apollo, Partners Group, Tpg, With Solid Core Business, Target Alternative Assets In Asia To ‘generate Alpha’ | South China Morning Post
2024-03-26T07:12:29.320449-04:00https://www.thetrustedinsight.com/investment-news/top-pe-firms-apollo-partners-group-tpg-with-solid-core-business-target-alternative-assets-in-asia-to-generate-alpha-south-china-morning-post-20240326632/
While PE firms operating in Asia are confident in their core business, they are eyeing alternative assets such as private credit and infrastructure to generate alpha, executives say at the Milken Institute symposium.
Partners Group Launches New $12B Private Equity Secondaries Fund - 2024-03-26 | Marketscreener
2024-03-26T07:06:21.808008-04:00https://www.thetrustedinsight.com/investment-news/partners-group-launches-new-12b-private-equity-secondaries-fund-2024-03-26-marketscreener-20240326628/
(marketscreener.com) Swiss private equity
firm Partners Group has launched its latest secondaries strategy
fund worth up to $12 billion, betting on growing deal flows in
the secondaries space, its chairman of Asia said on Tuesday. The private equity secondaries market allows investors in
private equity funds and private companies to make early exits
to...https://www.marketscreener.com/news/latest/Partners-Group-launches-new-12-bln-private-equity-secondaries-fund--46281111/?utm_medium=RSS&utm_content=20240326.
Pe Deals Tumble Again, Down 63%: Bain & Company
2024-03-25T23:01:06.817386-04:00https://www.thetrustedinsight.com/investment-news/pe-deals-tumble-again-down-63-bain-company-20240325618/
The Australian and New Zealand private equity sector took another tumble, sharply falling 63% in value during 2023 as high interest rates and market uncertainty continues to spook investors.
Fossil Group Announces Appointment Of Eugene Davis And Pamela Corrie To Board Of Directors -march 25, 2024 At 04:05 Pm Edt | Marketscreener
2024-03-25T16:31:06.363806-04:00https://www.thetrustedinsight.com/investment-news/fossil-group-announces-appointment-of-eugene-davis-and-pamela-corrie-to-board-of-directors-march-25-2024-at-0405-pm-edt-marketscreener-20240325609/
(marketscreener.com) RICHARDSON, Texas, March 25, 2024 -- Fossil Group, Inc. today announced that Eugene I. Davis has been appointed to the Board of Directors , effective March 24, 2024. Mr. Davis will serve as a member of the Board’s Audit Committee. The Company also announced that it has entered into a Cooperation Agreement with shareholder The Buxton...https://www.marketscreener.com/quote/stock/FOSSIL-GROUP-INC-13396766/news/Fossil-Group-Announces-Appointment-of-Eugene-Davis-and-Pamela-Corrie-to-Board-of-Directors-46279268/?utm_medium=RSS&utm_content=20240325.
Ares Capital: The Bdc Market Leader Is Strong And Still Cheap (upgrade) (nasdaq:arcc)
2024-03-25T14:01:06.206346-04:00https://www.thetrustedinsight.com/investment-news/ares-capital-the-bdc-market-leader-is-strong-and-still-cheap-upgrade-nasdaqarcc-20240325600/
Ares Capital (NASDAQ:ARCC) is one of the market's leading business development companies or BDC. It has a well-diversified portfolio in direct lending and a relatively small exposure in equity investments. Ares Capital's portfolio comprises mostly floating-rate securities, accounting for 69% of its portfolio fair value. Hence, the BDC has capitalized on the rapid interest rate hikes to drive its core EPS. In addition, Ares Capital's higher "defensive" exposure in software and healthcare helps the company avoid the cyclical uncertainties linked to industries such as oil and gas, hotels, and gaming.
Higher Bid, And National Security Concerns, For Vista Outdoor - The New York Times
2024-03-25T09:01:06.677900-04:00https://www.thetrustedinsight.com/investment-news/higher-bid-and-national-security-concerns-for-vista-outdoor-the-new-york-times-20240325588/
MNC Capital has raised its takeover offer for Vista Outdoor, the owner of Remington ammunition — and amplified worries about a non-American rival bidder.
What Have Fourteen Years Of Conservative Rule Done To Britain? | The New Yorker
2024-03-25T08:01:12.396054-04:00https://www.thetrustedinsight.com/investment-news/what-have-fourteen-years-of-conservative-rule-done-to-britain-the-new-yorker-20240325585/
Living standards have fallen. The country is exhausted by constant drama. But the U.K. can’t move on from the Tories without facing up to the damage that has occurred.
Capital Square Apartment Reit Adds David Mckenney To Board Of Directors
2024-03-25T08:01:05.900031-04:00https://www.thetrustedinsight.com/investment-news/capital-square-apartment-reit-adds-david-mckenney-to-board-of-directors-20240325584/
RICHMOND, Va., March 25, 2024 /PRNewswire/ -- Capital Square Apartment REIT, Inc. is pleased to announce the addition of David McKenney to its board of directors as an independent director. McKenney brings a wealth of experience and expertise to the board, and his appointment further strengthens the company's leadership team. McKenney replaced Jay Olander, who resigned his seat on the board when he was named president and chief financial officer of the company's sponsor, Capital Square. With McKenney's induction, the company's board continues to consist of three directors, with two recognized as independent authorities.
Asia Private Equity Deals Set For Worst Q1 Since 2015, Data Shows
2024-03-25T07:01:06.570152-04:00https://www.thetrustedinsight.com/investment-news/asia-private-equity-deals-set-for-worst-q1-since-2015-data-shows-20240325577/
Private equity-backed mergers and acquisitions in Asia are set for their worst start to the year in nearly a decade, as a lull in dealmaking in China and broader economic and geopolitical uncertainties dragged on sentiment, data showed.
Why I Stopped Buying Real Estate (and Why You Should, Too)
2024-03-23T08:01:05.828344-04:00https://www.thetrustedinsight.com/investment-news/why-i-stopped-buying-real-estate-and-why-you-should-too-20240323558/
I was born into a family of real estate professionals. We moved to France when I was 5 due to my father's real estate ventures, and I grew up visiting countless construction sites with him. Eventually, I went to university to study Finance with a specialization in commercial real estate and bought my first property at just 19 years old. A few years later, I landed my first job in private equity real estate. We would acquire mostly net lease properties such as those of Realty Income (O) but also had a few land development projects and some residential investments.
Ceraweek-financiers Grab Reins As New Energy Startups Struggle -march 22, 2024 At 02:36 Pm Edt | Marketscreener
2024-03-22T15:31:06.589174-04:00https://www.thetrustedinsight.com/investment-news/ceraweek-financiers-grab-reins-as-new-energy-startups-struggle-march-22-2024-at-0236-pm-edt-marketscreener-20240322544/
(marketscreener.com) Private equity firms are
increasing their direct oversight of energy transition companies
in their portfolios, taking on added duties to address runaway
costs from supply chain issues and preserve valuations,
executives said at the CERAWeek energy conference this week. Excitement around new energy technologies saw billions of
dollars...https://www.marketscreener.com/quote/stock/THE-CARLYLE-GROUP-INC-10531255/news/CERAWEEK-Financiers-grab-reins-as-new-energy-startups-struggle-46266744/?utm_medium=RSS&utm_content=20240322.
Kkr-advised Tech Growth Fund Exits Uk's Darktrace | Nasdaq
2024-03-22T07:06:20.529701-04:00https://www.thetrustedinsight.com/investment-news/kkr-advised-tech-growth-fund-exits-uks-darktrace-nasdaq-20240322523/
KKR Dark Aggregator L.P, a technology growth fund advised by U.S. private equity firm KKR, has fully exited its investment in British cybersecurity company Darktrace, joint book runner Jefferies International said on Friday.
Former Schroders Chief Joins Private Markets Firm
2024-03-21T23:31:10.157666-04:00https://www.thetrustedinsight.com/investment-news/former-schroders-chief-joins-private-markets-firm-20240321516/
A former Schroders Australia chief executive has landed at Spire Capital. :
Spire Capital - which has invested $2.25 billion on behalf of Australian mid-market investors - said the appointment of Sam Hallinan as a partner and shareholder comes at a time of rapid growth. Hallinan's appointment follows several recent hires, including Scott Dingle, the former local head of private equity at Partners Group, Peeyush Gupta and Richard Gregson from Equity Partners. Before his two years as chief of Schroders, Hallinan served as chief executive of Nikko AM Australia.
Malta Private Equity Venture Capital Association Launched
2024-03-21T12:31:06.113225-04:00https://www.thetrustedinsight.com/investment-news/malta-private-equity-venture-capital-association-launched-20240321491/
Malta Private Equity Venture Capital Association (PEVCA Malta) was launched at the Casino Maltese. :
The Malta Private Equity Venture Capital Association (PEVCA Malta) was formally launched on Thursday, as industry stakeholders seek to raise the island’s profile and encourage investment activity. The Malta Private Equity and Venture Capital Association (PEVCA Malta) is a non-profit organisation that aims to promote and support the development of the private equity and venture capital industry in Malta. It brings together investors, family offices, private equity and venture capital fund managers, advisors, and service providers.
Gambling.com Group Limited (gamb) Q4 2023 Earnings Call Transcript
2024-03-21T11:31:18.054884-04:00https://www.thetrustedinsight.com/investment-news/gamblingcom-group-limited-gamb-q4-2023-earnings-call-transcript-20240321490/
Gambling.com Group Limited (NASDAQ:GAMB) Q4 2023 Earnings Conference Call March 21, 2024 8:00 AM ET Jeff Stantial - Stifel Ryan Sigdahl - Criag-Hallum Barry Jonas - Truist Securities Clark Lampen - BTIG Greetings. Welcome to Gambling.com Group’s Fourth Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to Peter McGough, Senior Vice President of Investor Relations. Thank you. You may begin. Good morning.
Private Credit’s Second Act Raises Some Eyebrows
2024-03-21T11:31:06.522677-04:00https://www.thetrustedinsight.com/investment-news/private-credits-second-act-raises-some-eyebrows-20240321489/
Private equity’s foray into asset-based finance is fueling concerns over hidden debt and concentration risk. :
(Bloomberg Opinion) -- In the last two years, private credit has blossomed, along with the Federal Reserve’s rate hikes and banks’ retreat from risky lending. But as conditions for its outsize success unwind and the broadly syndicated loan market reopens, non-traditional lenders are looking for a second act. Asset-based finance is the new catch phrase. This type of lending is supported by cash flows from, say, credit card receivables or aircraft leasing, and is historically the domain of banks. Currently, private credit manages about $1.7 trillion.
Bad News For Reits: 8 Troubling Takeaways For Real Estate
2024-03-21T08:31:17.151940-04:00https://www.thetrustedinsight.com/investment-news/bad-news-for-reits-8-troubling-takeaways-for-real-estate-20240321482/
It's no secret that I'm very bullish on REITs and other commercial real estate stocks. I regularly write articles on my favorite REIT investment opportunities and some of you would probably describe me as a "REIT cheerleader." But I am still objective enough to recognize that it's not all sunshine and rainbows in the REIT world. On the contrary, many sub-sectors of the commercial real estate/CRE market are today facing significant challenges, and this could lead some REITs to underperform going forward. I won't even discuss the office sector because we all already know about its challenges.
Reddit Prices Ipo At Top Of Indicated Range To Raise $748M
2024-03-20T21:01:18.510206-04:00https://www.thetrustedinsight.com/investment-news/reddit-prices-ipo-at-top-of-indicated-range-to-raise-748m-20240320465/
Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share Wednesday raising $748 million and giving the IPO market a much-needed boost.
Reddit Prices Ipo Shares At $34 In What Wall Street Hopes Will Reignite The Frozen Market For Newly Public Tech Companies
2024-03-20T21:01:06.316888-04:00https://www.thetrustedinsight.com/investment-news/reddit-prices-ipo-shares-at-34-in-what-wall-street-hopes-will-reignite-the-frozen-market-for-newly-public-tech-companies-20240320464/
The IPO values the social media company at $5.4 billion, well short of the $10 billion valuation it had in a private funding in 2021.
Reddit Prices Ipo At Top Of Indicated Range To Raise Us$748 Million - Cna
2024-03-20T19:31:06.231093-04:00https://www.thetrustedinsight.com/investment-news/reddit-prices-ipo-at-top-of-indicated-range-to-raise-us748-million-cna-20240320462/
Reddit logos are seen displayed in this illustration taken Feb 2, 2021. (File photo: REUTERS/Dado Ruvic/Illustration) Social media platform Reddit priced its initial public offering at the top of its targeted range of US$31 to US$34 per share on Wednesday (Mar 20), raising US$748 million and giving the ailing technology IPO market a much-needed boost. The IPO priced 22 million shares sold by the company and its existing shareholders at US$34 a share, giving Reddit a valuation of about US$6.4 billion. Excluding the shares sold by existing shareholders, Reddit raised gross proceeds of US$519.4 million.
Reddit Prices Ipo At Top Of Indicated Range To Raise $748M -march 20, 2024 At 06:01 Pm Edt | Marketscreener
2024-03-20T19:01:07.019197-04:00https://www.thetrustedinsight.com/investment-news/reddit-prices-ipo-at-top-of-indicated-range-to-raise-748m-march-20-2024-at-0601-pm-edt-marketscreener-20240320461/
(marketscreener.com) Social media platform Reddit
priced its initial public offering at the top of its
targeted range of $31 to $34 per share on Wednesday, raising
$748 million and giving the ailing technology IPO market a
much-needed boost. The IPO priced 22 million shares sold by the company and its
existing shareholders at $34 a share, giving Reddit a...https://www.marketscreener.com/quote/stock/ALPHABET-INC-24203373/news/Reddit-prices-IPO-at-top-of-indicated-range-to-raise-748-million-46246440/?utm_medium=RSS&utm_content=20240320.
Private Wealth Advisors Need The Right Portfolio Analytics Tools
2024-03-20T18:01:09.659482-04:00https://www.thetrustedinsight.com/investment-news/private-wealth-advisors-need-the-right-portfolio-analytics-tools-20240320459/
Lawrence Calcano, Chairman and CEO of fintech firm iCapital, explains the challenges advisors face in helping clients gain exposure to alternatives products – and why having a purpose-built, comprehensive portfolio construction tool matters. Why are private wealth investors increasingly calling for access to alternative investments? In recent periods of heightened market volatility, the traditional 60/40 portfolio has come under stress. In 2022, investors with this allocation experienced one of the worst years for returns on record as stocks and bonds moved downward in lockstep, prompting many individual investors to search for new sources of return, income, and diversification.
Apollo Offers $11B For Paramount Pictures Studio
2024-03-20T17:31:13.615850-04:00https://www.thetrustedinsight.com/investment-news/apollo-offers-11b-for-paramount-pictures-studio-20240320456/
Apollo's reported $11 billion offer is more than the entire market capitalization of Paramount Global, which is currently around $7.7 billion.
Nav Loans In Private Funds: Considerations For Managers And Investors | Robinson Bradshaw
2024-03-20T15:31:06.291558-04:00https://www.thetrustedinsight.com/investment-news/nav-loans-in-private-funds-considerations-for-managers-and-investors-robinson-bradshaw-20240320451/
Loans to private investment funds based on the net asset value of their respective portfolio investments (that is, total assets of such a fund less its liabilities) have become dramatically more popular in recent years, as have similar arrangements structured as senior equity rather than debt. NAV loans have existed for more than a decade, and their increased use coincides with growth in the private investment funds industry and related expansion in demand for capital solutions. This post...By: Robinson Bradshaw.
Montagu Carves Out Johnson Matthey Medtech Metals Unit For $700M
2024-03-20T13:01:06.132081-04:00https://www.thetrustedinsight.com/investment-news/montagu-carves-out-johnson-matthey-medtech-metals-unit-for-700m-20240320447/
Johnson Matthey sells off medtech metal manufacturing unit to Montagu in $700M private equity deal
chale
Wed, 03/20/2024 - 11:12.:
Johnson Matthey, the U.K. metals and chemicals conglomerate, plans to sell off the entirety of its global Medical Device Components business, with manufacturing sites spanning the U.S., Mexico and Australia. The £550 million deal, or about $700 million U.S., will see the division’s ownership transfer to Montagu Private Equity.
Fraport Ag (fpruf) Q4 2023 Earnings Call Transcript
2024-03-20T07:01:37.849069-04:00https://www.thetrustedinsight.com/investment-news/fraport-ag-fpruf-q4-2023-earnings-call-transcript-20240320427/
Christoph Nanke - Senior Vice President, Head of Finance and Investor Realtions Stefan Schulte - Chief Executive Officer Matthias Zieschang - Chief Financial Officer Ruxandra Haradau-Doser - HSBC Graham Hunt - Jefferies Carlos Caburrasi Ortega - Kepler Cheuvreux Christian Nedelcu - UBS Patrick Creuset - Goldman Sachs Elodie Rall - JPMorgan Dario Maglione - BNP Paribas Exane Manish Beria - Societe Generale Jose Arroyas - Santander Sathish Sivakumar - Citi Nicolas Mora - Morgan Stanley Ladies and gentlemen, thank you for standing by. Welcome and thank you for joining the Conference Call of Fraport AG Full-Year 2023 and Annual Report.
Harbourvest Shake-up Hopes To Narrow Hefty Discount As Potential Shein Ipo Looms | Daily Mail Online
2024-03-20T07:01:26.596283-04:00https://www.thetrustedinsight.com/investment-news/harbourvest-shake-up-hopes-to-narrow-hefty-discount-as-potential-shein-ipo-looms-daily-mail-online-20240320426/
The enormous discount to net asset value on FTSE 250-listed HarbourVest Global Private Equity (HVPE) shares could finally narrow after an overhaul of shareholder payouts.
Serentica Wants $300 Million. A Stake Sale Is Likely.
2024-03-19T22:31:05.761046-04:00https://www.thetrustedinsight.com/investment-news/serentica-wants-300-million-a-stake-sale-is-likely-20240319422/
Gurugram-headquartered Serentica had earlier raised $650 million from private equity firm KKR. :
New Delhi: Serentica Renewables, promoted by Sterlite Power, is planning to sell a minority stake to raise around $300 million to fund its ambitious growth plans. The company will appoint a sell-side banker to run the process, two people aware of the development said. “The plans is at an early stage, with the sell side banker to be appointed," said one of the two people cited above, requesting anonymity.
Gildan Activewear Stock Jumps 10% Amid Reports Of Potential Buyout
2024-03-19T20:01:05.473454-04:00https://www.thetrustedinsight.com/investment-news/gildan-activewear-stock-jumps-10-amid-reports-of-potential-buyout-20240319415/
Graham Hughes / Bloomberg via Getty Images
Key TakeawaysTrading in shares of Gildan Activewear was paused Tuesday after the stock jumped following reports the board of directors was considering selling the company. The Montreal-based apparel maker's board is in the middle of a heated battle with institutional investors led by Browning West LP.Investors are seeking to reconstitute the company's board and reinstate co-founder Glenn Chamandy as CEO. Chamandy was abruptly ousted last December. Trading in shares of Gildan Activewear (GIL) was paused on Tuesday after the stock jumped following reports the board was exploring selling the company.
Nordstrom Stock Soars On Report That Founding Family Is Looking At Taking Company Private
2024-03-19T16:31:17.585983-04:00https://www.thetrustedinsight.com/investment-news/nordstrom-stock-soars-on-report-that-founding-family-is-looking-at-taking-company-private-20240319405/
Eric Thayer / Bloomberg / Getty Images
Key TakeawaysFounding family members of Nordstrom reportedly are looking at taking the upscale retailer private.Sources told Reuters the family members have asked Morgan Stanley and Centerview Partners to investigate whether any private equity firms might want to buy the company.Family members previously looked into taking Nordstrom private, but their roughly $8.4 billion offer was rejected by the company's board in March 2018.
Magazine Luiza S.a. (mgluy) Q4 2023 Earnings Call Transcript
2024-03-19T14:31:38.189400-04:00https://www.thetrustedinsight.com/investment-news/magazine-luiza-sa-mgluy-q4-2023-earnings-call-transcript-20240319401/
Frederico Trajano - Chief Executive Officer Beto Bellissimo - Chief Financial Officer Carlos Mauad - Executive Director Eduardo Galanternick - Executive Director-E-commerce Fabricio Garcia - Vice President-Operations Andre Fatala - CTO Irma Sgarz - Goldman Sachs Eric Huang - Santander Gustavo Senday - XP Investimentos Vinicius Strano - UBS Good day everyone. Welcome to Magalu's Conference Call regarding its quarterly results. For those of you who need simultaneous translation, please click on the interpretation button, the globe icon at the bottom of your screen and choose your preferred language, English or Portuguese.
Ms Drug Developer Contineum Files For $150M Ipo (pending:ctnm)
2024-03-19T14:01:06.851285-04:00https://www.thetrustedinsight.com/investment-news/ms-drug-developer-contineum-files-for-150m-ipo-pendingctnm-20240319396/
Contineum Therapeutics (CTNM), which is developing therapies for multiple sclerosis and idiopathic pulmonary fibrosis, has filed for a proposed $150M initial public offering. The biotech company didn’t specify any terms in its SEC filing, but indicated its filing fee schedule that it was looking to raise around $150M. Contineum hopes to list its shares on Nasdaq under the symbol CTNM. Bookrunners include Goldman Sachs, Morgan Stanley, Stifel and RBC Capital Markets. Based in San Diego, the company has two drugs in early-to-mid stage clinical development.
Reflections From The Middle Seat: An Allocators Journey To Private Capital Advisory | Portfolio For The Future
2024-03-19T12:01:47.252444-04:00https://www.thetrustedinsight.com/investment-news/reflections-from-the-middle-seat-an-allocators-journey-to-private-capital-advisory-portfolio-for-the-future-20240319390/
By Rush Harvey, CMT, CAIA, Director of Private Capital Advisory at Raymond James. I left the limited partner (“LP”) seat in April 2022 to join the Private Capital Advisory (“PCA”) team at Raymond James (“RJ”) and have received the questions below weekly since from both LPs and General Partners (“GPs”):
Nordstrom Reportedly Trying To Go Private
2024-03-19T12:01:35.447796-04:00https://www.thetrustedinsight.com/investment-news/nordstrom-reportedly-trying-to-go-private-20240319389/
Nordstrom is reportedly considering going private weeks after it gave a gloomy sales outlook for 2024.:
Nordstrom shares jumped more than 10% on Tuesday following a report that the department store chain is attempting to go private. The retailer's founding family is working with Morgan Stanley and investment bank Centerview Partners to determine if private equity firms have interest in a deal, Reuters reported, citing people familiar with the matter. Morgan Stanley declined to comment. A deal might not happen, according to Reuters. A previous effort to take Nordstrom private fizzled out in 2018.
3 Potential Biotech Buyout Targets In 2024
2024-03-19T11:01:06.238686-04:00https://www.thetrustedinsight.com/investment-news/3-potential-biotech-buyout-targets-in-2024-20240319385/
The biotech sector saw a surge of M&A activity at the end of 2023. Major deals to acquire ImmunoGen, Inc. (IMGN), Cerevel Therapeutics Holdings, Inc. (CERE) and Karuna Therapeutics, Inc. (KRTX) all took place in the final five weeks of last year. Each purchase contained a substantial buyout premium as well for shareholders. The uptick in deal volume was one of key drivers of the 50% rally that took place from the SPDR® S&P Biotech ETF (XBI) off its late October lows. That rally has ebbed in recent weeks as has new deal flow.
Miners Facing Financing Frustration, Where Will The Money Come From?
2024-03-19T07:02:32.112801-04:00https://www.thetrustedinsight.com/investment-news/miners-facing-financing-frustration-where-will-the-money-come-from-20240319362/
Resource sector funding has declined for the last 15 to 20 years, and recently high inflation and interest rates have only made it more difficult for companies in the sector to get the money they need to move forward. The issue has become a major topic, and was discussed at the Vancouver Resource Investment Conference this past January, as well as at this year's Prospectors & Developers Association of Canada (PDAC) convention.
Kick-off Of Euronext Star Conference 2024
2024-03-18T17:01:09.107233-04:00https://www.thetrustedinsight.com/investment-news/kick-off-of-euronext-star-conference-2024-20240318346/
From 19 to 21 March, Euronext will host its annual STAR Conference in Milan
59 companies listed on the Borsa Italiana’s STAR segment will meet the over 265 investors representing nearly 170 investment firms
More than 2700 meetings organised
The 23rd edition of the Euronext's STAR Conference in Milan will kick off tomorrow until 21 March 2024 at Palazzo Mezzanotte, headquarters of Borsa Italiana. The conference offers the unique opportunity to companies listed on the STAR segment of Borsa Italiana, excellences of the entrepreneurial community of our country, to meet with local and international investors.
Alvarium Tiedemann A : Alti 4q23 Transcript Clean_ -march 18, 2024 At 03:26 Pm Edt | Marketscreener
2024-03-18T16:01:12.649885-04:00https://www.thetrustedinsight.com/investment-news/alvarium-tiedemann-a-alti-4q23-transcript-clean_-march-18-2024-at-0326-pm-edt-marketscreener-20240318343/
Lily Arteaga, Head of Investor Relations Michael Tiedemann, Chief Executive Officer Stephen Yarad, Chief Financial Officer
At this time, I would like to welcome everyone to AlTi's Fourth Quarter and Full Year 2023 Earnings conference call. I'd like to advise all parties that this conference call is being recorded and a replay of the webcast is available on AlTi's Investor Relations website. Now at this time, I'll turn things over to Lily Arteaga, Head of Investor Relations for AlTi.
Pacs Group Seeks Ipo As Profits Fall (pacs)
2024-03-18T13:01:06.056961-04:00https://www.thetrustedinsight.com/investment-news/pacs-group-seeks-ipo-as-profits-fall-pacs-20240318338/
PACS Group, Inc. (PACS) has filed to raise $100 million in an IPO of its common stock, per an SEC S-1 registration statement. While topline revenue has increased, operating income has fallen materially, indicating volatility in the firm's financial results. Farmington, Utah-based PACS Group, Inc. was founded to develop, acquire, and operate primarily skilled nursing centers and currently is active in nine U.S. states.
Monarch Alternative Capital Strengthens Team To Strategically Expand Capital Solutions And Real Estate Platforms
2024-03-18T11:01:06.410142-04:00https://www.thetrustedinsight.com/investment-news/monarch-alternative-capital-strengthens-team-to-strategically-expand-capital-solutions-and-real-estate-platforms-20240318332/
NEW YORK and LONDON, March 18, 2024 /PRNewswire/ -- Monarch Alternative Capital LP, a leading investment firm with approximately $14 billion of assets under management, announced that it has added Casey Callan and Karan Malhotra to its investment team. These additions to the team augment Monarch's long-standing capabilities across corporate lending and real estate structured credit, respectively, and strengthen the firm's ability to capitalize on the growing opportunities for capital deployment in these areas. ...Full story available on Benzinga.com.
"i Work For A Big Us Private Equity Firm. I Am Horrified"
2024-03-18T09:01:06.236834-04:00https://www.thetrustedinsight.com/investment-news/i-work-for-a-big-us-private-equity-firm-i-am-horrified-20240318324/
I work for a global private equity firm as a strategy and operating partner, and have undertaken major roles in large private equity-backed portfolio companies. I've worked in senior roles for major portfolio companies and have experienced firsthand how a US PE firm functions. Get Morning Coffee ☕ in your inbox. Sign up here.These are my observations:1. Buy the company with leverage (30-70%) depends on the deal2. Offload the debt to the portfolio company3. Hire a mercenary team of experience CEO, CFO, executives who have done this 3-4 times before to create "value", with a hockey stick EBITDA target.4.
Mineralys Therapeutics: A Story To Keep An Eye On (nasdaq:mlys)
2024-03-18T07:31:15.525885-04:00https://www.thetrustedinsight.com/investment-news/mineralys-therapeutics-a-story-to-keep-an-eye-on-nasdaqmlys-20240318322/
Today, we put hypertension concern Mineralys Therapeutics, Inc. (NASDAQ:MLYS) in the spotlight. The stock is off slightly since its public debut in February of 2023, owing to a lack of market moving news regarding its sole asset lorundrostat, but that could change beginning in 2H24. With three readouts coming over the next two years, but some clinical rivals to surmount, the insider buying on the recent private placement merited a deeper dive. An analysis follows below.
Hedge Fund Job Cuts Are A Reminder Why People Stay At Banks
2024-03-18T07:02:33.266894-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-job-cuts-are-a-reminder-why-people-stay-at-banks-20240318316/
Hedge funds are not immune to cutting staff. Their tendency to "stop" people who make losses above a tolerable level has long been documented, but that's not all. Like banks, they also have periodic culls of under-performers. It's just that the hedge fund culls seem a bit more aggressive. Get Morning Coffee ☕ in your inbox. Sign up here.Brevan Howard, for example, did some wild hiring last year, seemingly increasing its staff by 40% in a six-month period. Now it's trimming them back in what Bloomberg describes as an instance of a "twice year review."
Report: Nuvei On Verge Of Buyout Deal With Advent
2024-03-17T19:31:06.816930-04:00https://www.thetrustedinsight.com/investment-news/report-nuvei-on-verge-of-buyout-deal-with-advent-20240317309/
Canadian FinTech Nuvei is reportedly close to being acquired by private equity company Advent International. The payments processor, backed by actor/investor Ryan Reynolds, is in advanced discussions with Advent, The Wall Street Journal (WSJ) reported Sunday (March 17), citing sources familiar with the matter. The WSJ noted that Nuvei’s $3 billion market capitalization would make […]
The post Report: Nuvei on Verge of Buyout Deal With Advent appeared first on PYMNTS.com.
Nordic Capital To Invest In One Inc
2024-03-16T09:31:05.899862-04:00https://www.thetrustedinsight.com/investment-news/nordic-capital-to-invest-in-one-inc-20240316289/
Nordic Capital, one of the most active and experienced investors in Technology & Payments globally, today announced that it will join Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, as an investor in One Inc (the “Company”), a digital payments platform specializing in modernizing the insurance industry in North America. Great Hill Partners invested in One Inc in 2020 and will retain an equal stake to Nordic Capital alongside a significant continuing investment from the Company’s current management team.
Alti Global, Inc. (alti) Q4 2023 Earnings Call Transcript
2024-03-15T21:01:16.371948-04:00https://www.thetrustedinsight.com/investment-news/alti-global-inc-alti-q4-2023-earnings-call-transcript-20240315286/
Good afternoon. My name is Boah and I will be your conference operator for today. At this time, I would like to welcome everyone to AlTi's Fourth Quarter and Full Year 2023 Earnings Conference Call. During the call, your lines will remain in a listen-only mode. After the speaker's remarks, there will be a question-and-answer session. I'd like to advise all parties that this conference call is being recorded and a replay of the webcast is available on AlTi's Investor Relations website. Now, at this time, I'll turn things over to Lily Arteaga, Head of Investor Relations for AlTi.
Ldc Invests In Tech And Procurement Firm The 55 Group As Maven Exits After Three Years
2024-03-15T12:01:09.991316-04:00https://www.thetrustedinsight.com/investment-news/ldc-invests-in-tech-and-procurement-firm-the-55-group-as-maven-exits-after-three-years-20240315274/
Owner of Pagabo vows to 'take the business to the next level':
Private equity giant LDC has made a “significant investment” in Yorkshire tech firm The 55 Group with Manchester investor Maven exiting after three years of growth. The 55 Group was founded following Maven’s investment in 2021 and includes three brands - procurement platform Pagabo, contract management software Sypro and social value measurement software Loop. Since 2022 it has more than doubled in size, employing almost 100 people, and has moved to a new headquarters in the centre of Hull.
Kkr Said To Weigh $1B Sale Of School Chain Eurokids
2024-03-15T07:01:17.120255-04:00https://www.thetrustedinsight.com/investment-news/kkr-said-to-weigh-1b-sale-of-school-chain-eurokids-20240315259/
The US private equity firm is looking to hire financial advisers to help evaluate a sale, the people said, asking not to be identified as the matter is private. KKR could seek a valuation of about $1 billion for its majority stake, the people said.
Ingram Micro Working With Banks On $8B Ipo, Bloomberg News Reports -march 14, 2024 At 09:50 Pm Edt | Marketscreener
2024-03-14T23:31:06.460252-04:00https://www.thetrustedinsight.com/investment-news/ingram-micro-working-with-banks-on-8b-ipo-bloomberg-news-reports-march-14-2024-at-0950-pm-edt-marketscreener-20240314257/
(marketscreener.com) Electronics distributor Ingram
Micro is working with lenders Goldman Sachs and Morgan
Stanley on an initial public offering that could launch
next month, Bloomberg News reported on Thursday, citing people
familiar with the matter. Ingram Micro, backed by private-equity firm Platinum Equity,
is seeking an IPO at a valuation of around...https://www.marketscreener.com/quote/stock/THE-GOLDMAN-SACHS-GROUP-I-12831/news/Ingram-Micro-working-with-banks-on-8-billion-IPO-Bloomberg-News-reports-46203625/?utm_medium=RSS&utm_content=20240314.
Hinduja Tech Secures $50 Mn Investment From Private Equity Fund Creador | Company News
2024-03-14T13:01:06.215315-04:00https://www.thetrustedinsight.com/investment-news/hinduja-tech-secures-50-mn-investment-from-private-equity-fund-creador-company-news-20240314240/
Creador is a renowned private equity firm focused on partnering to grow world-class businesses in Southeast Asia and India.
Fractal Analytics Revives Ipo Plans; Eyeing $500 Mn Plus Raise At $3bn- $3.5bn Valuation
2024-03-14T12:01:06.246048-04:00https://www.thetrustedinsight.com/investment-news/fractal-analytics-revives-ipo-plans-eyeing-500-mn-plus-raise-at-3bn-35bn-valuation-20240314236/
Apax Partners and TPG-backed Fractal Analytics was founded in 2000 by five graduates of IIM Ahmedabad and attained unicorn status in February 2022.
Capital Square Living Assumes Management Of Multifamily Property Near Huntsville, Alabama
2024-03-14T08:31:10.401888-04:00https://www.thetrustedinsight.com/investment-news/capital-square-living-assumes-management-of-multifamily-property-near-huntsville-alabama-20240314229/
HUNTSVILLE, Ala., March 14, 2024 /PRNewswire/ -- Capital Square Living, the wholly owned multifamily property management subsidiary of Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today the assumption of management of FarmHaus Apartments, a 324-unit Class A multifamily community located in the Huntsville suburb of Madison, Alabama. The property, the first Alabama community to join the Capital Square Living portfolio, is owned by a Delaware statutory trust sponsored by Capital Square.
If I Could Only Own 4 Reits, It Would Be These
2024-03-14T08:01:32.930778-04:00https://www.thetrustedinsight.com/investment-news/if-i-could-only-own-4-reits-it-would-be-these-20240314227/
I want to start here by saying that I would not want to own just 4 real estate investment trusts, or REITs. If just one of your picks ended up becoming a loser, it would be very hard to make up for the losses with the other 3 holdings. Therefore, if I could only own 4 REITs, my picks would also be different than if I could own a diversified portfolio of 25 REITs.
Aareal Bank Owners Hire Advisers To Sell Property Lender's Tech Arm, Sources Say - Cna
2024-03-14T08:01:06.399430-04:00https://www.thetrustedinsight.com/investment-news/aareal-bank-owners-hire-advisers-to-sell-property-lenders-tech-arm-sources-say-cna-20240314224/
FILE PHOTO: The construction site of "4 Frankfurt" skyscraper is reflected in a shop window in Frankfurt, Germany, July 19, 2023. REUTERS/Kai Pfaffenbach//File Photo LONDON/FRANKFURT : The owners of Aareal Bank have lined up advisers to sell its tech unit, three people familiar with the matter told Reuters, as the German property lender navigates a global crunch in commercial real estate. The shareholders, led by Advent International and Centerbridge Partners, recently chose Arma Partners to gauge interest in the division, known as Aareon, the people said.
Reddit Sees More Than 20% Sales Growth In 2024 In Ipo Roadshow | The Straits Times
2024-03-13T22:31:05.827315-04:00https://www.thetrustedinsight.com/investment-news/reddit-sees-more-than-20-sales-growth-in-2024-in-ipo-roadshow-the-straits-times-20240313211/
March 14, 2024 8:15 AMReddit is expecting to break even in 2024.:
Reddit is telling potential investors in its initial public offering (IPO) that it expects revenue in 2024 to grow by more than 20 per cent versus the previous year, according to a person familiar with the situation. The social media company gave guidance at a roadshow event that it was set for a similar revenue trajectory to what it saw in 2023, the person said. Revenue in 2023 grew to US$804 million (S$1.07 billion), according to its filing with the United States Securities and Exchange Commission.
Tpg And Temasek-backed Dr Agarwals Healthcare Picks 5 I-banks, Kicks Off Ipo To Raise Around Rs 3,000 Crore
2024-03-13T14:01:06.581360-04:00https://www.thetrustedinsight.com/investment-news/tpg-and-temasek-backed-dr-agarwals-healthcare-picks-5-i-banks-kicks-off-ipo-to-raise-around-rs-3000-crore-20240313199/
Singapore investment giant Temasek and US private equity firm TPG Growth collectively hold a majority stake of around 60 percent in Dr Agarwals Health Care and have participated in two fund raising rounds since May 2022.
Lazard Announces Results Of Cash Tender Offer Of Lazard Group Llc
2024-03-13T10:01:05.759975-04:00https://www.thetrustedinsight.com/investment-news/lazard-announces-results-of-cash-tender-offer-of-lazard-group-llc-20240313193/
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today the expiration and final results of the previously announced cash tender offer (the “Tender Offer”) of its subsidiary Lazard Group LLC (“Lazard Group”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “Notes”). The Tender Offer expired at 5:00 p.m. (New York City time) on March 12, 2024 (the “Expiration Time”). The terms and conditions of the Tender Offer were described by Lazard Group in an Off.
Private Equity Groups Collecting Millions To Run Uk Government-funded Sexual Assault Referral Centres | Private Equity | The Guardian
2024-03-13T09:31:06.675748-04:00https://www.thetrustedinsight.com/investment-news/private-equity-groups-collecting-millions-to-run-uk-government-funded-sexual-assault-referral-centres-private-equity-the-guardian-20240313191/
Exclusive: Charities concerned at profits being made from government contracts to help victimsMillions in taxpayer funds are being paid to private equity-backed firms to provide specialist support services for rape and sexual assault victims, with charities concerned at the profits being made by investors on these contracts, the Guardian can reveal.The government contractor G4S and Mountain Healthcare Ltd, which is ultimately owned by a private equity group set up by the former boss of the outsourcing group Capita, run 26 of the 50 NHS- and police-funded centres in England that support thousands of child and adult victims of sexual assault.
Barclays Is Depending Upon Two Men In New York To Prevent £1.7bn Of Cost Cuts
2024-03-13T08:31:17.646503-04:00https://www.thetrustedinsight.com/investment-news/barclays-is-depending-upon-two-men-in-new-york-to-prevent-17bn-of-cost-cuts-20240313187/
Cathal Deasy, who's Irish by birth, may have an accent that can be a bit difficult to understand for Barclays bankers in New York, but they'll need to get used to lip-reading. The words of Deasy, and of Taylor Wright, his fellow co-head of investment banking at Barclays, are critical to Barclays' immediate future. Get Morning Coffee ☕ in your inbox. Sign up here.The two co-heads have run investment banking at Barclays since January 2023. Under their leadership, Barclays lost around 40 US managing directors to competitors last year, while the fees it generated from investment banking declined 12%. Barclays' CEO, C.S.
Indicold Bags Funding To Boost Its Cold Chain Solution Offerings
2024-03-13T07:16:07.965103-04:00https://www.thetrustedinsight.com/investment-news/indicold-bags-funding-to-boost-its-cold-chain-solution-offerings-20240313182/
Fundalogical Ventures, a sector-agnostic venture capital firm floated by a former executive of private equity and real investment firm Everstone…
Southeast Asia’s Digital Economy Drives Private Capital Interest, But Few Exit Deals Threaten Region’s Attractiveness | South China Morning Post
2024-03-13T07:06:28.778522-04:00https://www.thetrustedinsight.com/investment-news/southeast-asias-digital-economy-drives-private-capital-interest-but-few-exit-deals-threaten-regions-attractiveness-south-china-morning-post-20240313174/
Economic growth and ‘de-risking’ from China are driving investors to Southeast Asia, but just four companies accounted for nearly half of exit values since 2015.
Kkr To Invest Us$400 Million In Philippine Telecoms Tower Business, Asean Business - The Business Times
2024-03-13T07:01:06.448465-04:00https://www.thetrustedinsight.com/investment-news/kkr-to-invest-us400-million-in-philippine-telecoms-tower-business-asean-business-the-business-times-20240313167/
PRIVATE equity firm KKR & Co will invest US$400 million in telecoms tower operations and expansion in the Philippines, the United States Department of Commerce said on Wednesday (Mar 13), among a slew of deals in a US$1 billion investment announced in a landmark trade mission.
Lazard Announces Closing Of Senior Notes Offering By Lazard Group Llc
2024-03-12T18:01:06.441591-04:00https://www.thetrustedinsight.com/investment-news/lazard-announces-closing-of-senior-notes-offering-by-lazard-group-llc-20240312163/
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) has completed its previously announced offering (the “Offering”) of $400,000,000 aggregate principal amount of 6.000% Senior Notes due 2031 (the “Notes”). The Notes were issued by Lazard Group and were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The Notes are senior unsecured obligations of Lazard Group. La.
How Private Equity Funds Have Jumped Into Professional Sports
2024-03-12T12:01:17.167059-04:00https://www.thetrustedinsight.com/investment-news/how-private-equity-funds-have-jumped-into-professional-sports-20240312153/
Rising valuations and growing opportunities for media rights and sponsorships make professional sports teams an attractive bet. However, data on how these investments will work in the long term remains scarce.
Private Equity Investments Continue Upward Trend In India: Report
2024-03-12T07:07:36.980594-04:00https://www.thetrustedinsight.com/investment-news/private-equity-investments-continue-upward-trend-in-india-report-20240312144/
New Delhi, Mar 12 (IANS): Continuing an upward trend in private equity (PE) investments, India Inc saw 154 deals at $2.5 billion in the month of February despite lower values, a new report showed on Tuesday. The top deal of the month, Mizuho Bank's investment in Kisetsu Saison India, instilled confidence in the d....
Japan's Nidec, Kps Capital Partners Competing Over Siemens's Innomotics Unit, Bloomberg Reports -march 12, 2024 At 04:22 Am Edt | Marketscreener
2024-03-12T07:07:33.732791-04:00https://www.thetrustedinsight.com/investment-news/japans-nidec-kps-capital-partners-competing-over-siemenss-innomotics-unit-bloomberg-reports-march-12-2024-at-0422-am-edt-marketscreener-20240312143/
(marketscreener.com)
-- Japan's Nidec and private-equity firm KPS Capital Partners are competing to acquire Siemens's Innomotics large motors business in a deal that could fetch around 3 billion euros , Bloomberg reports, citing unnamed sources. -- Electric-motor manufacturer Nidec and KPS Capital Partners have been invited to make second-round bids, Bloomberg...https://www.marketscreener.com/quote/stock/NIDEC-CORPORATION-6491974/news/Japan-s-Nidec-KPS-Capital-Partners-Competing-Over-Siemens-s-Innomotics-Unit-Bloomberg-Reports-46147859/?utm_medium=RSS&utm_content=20240312.
Nidec, Kps Compete For Siemens' $3B Innomotics Unit, Bloomberg Reports
2024-03-12T07:06:09.537051-04:00https://www.thetrustedinsight.com/investment-news/nidec-kps-compete-for-siemens-3b-innomotics-unit-bloomberg-reports-20240312139/
Japan's Nidec Corp and U.S.-based private equity firm KPS Capital Partners are competing to acquire Siemens AG's Innomotics large motors business, Bloomberg News reported on Monday.
As M&a Deals Return, Banks Want To Switch Up Their Associates And Vps
2024-03-11T18:01:06.725655-04:00https://www.thetrustedinsight.com/investment-news/as-ma-deals-return-banks-want-to-switch-up-their-associates-and-vps-20240311124/
As we reported last week, Goldman Sachs is not short of applicants to its vacancy for a London investment banking analyst. Last time we looked, over 1,000 people had applied. Recruiters say they're not surprised. The market is awash with candidates, and as M&A dealmaking makes a tentative comeback, they say it's not the most junior staff who are hard to find. 2024 is all about unearthing the best mid-career players.Get Morning Coffee ☕ in your inbox. Sign up here.
Reddit Aiming For $6.5B Valuation In Long-awaited Ipo | Fox Business
2024-03-11T15:31:06.536259-04:00https://www.thetrustedinsight.com/investment-news/reddit-aiming-for-65b-valuation-in-long-awaited-ipo-fox-business-20240311119/
Social media platform Reddit is targeting a $6.5 billion valuation in its highly anticipated initial public offering (IPO), the company reported Monday.
France Plans New Measures To Lure Private Equity, Bankers To Paris - 2024-03-11 | Marketscreener
2024-03-11T13:01:06.686062-04:00https://www.thetrustedinsight.com/investment-news/france-plans-new-measures-to-lure-private-equity-bankers-to-paris-2024-03-11-marketscreener-20240311113/
(marketscreener.com) France wants to make it
easier for private equity funds to invest in listed companies
and less costly for finance firms to let go of traders, part of
a new push to make Paris more appealing for financial services,
a lawmaker said on Monday. France has been trying to lure high-paying finance jobs to
the French capital since Britain's...https://www.marketscreener.com/news/latest/France-plans-new-measures-to-lure-private-equity-bankers-to-Paris--46142496/?utm_medium=RSS&utm_content=20240311.
Chase Coleman's Assistant Lavished With Perks, But Stress Forced Her To Quit
2024-03-11T12:51:07.242333-04:00https://www.thetrustedinsight.com/investment-news/chase-colemans-assistant-lavished-with-perks-but-stress-forced-her-to-quit-20240311112/
Carrie Sun worked for Tiger Global, the Midtown Manhattan-based hedge fund with an estimated $58 billion in assets under management.
Stoic Equity Partners Closes On 286,098 Square Feet Of Investment Assets; First Two Assets In New Fund, Sep Industrial Holdings I Llc
2024-03-11T11:01:27.993285-04:00https://www.thetrustedinsight.com/investment-news/stoic-equity-partners-closes-on-286098-square-feet-of-investment-assets-first-two-assets-in-new-fund-sep-industrial-holdings-i-llc-20240311103/
Daphne, Alabama-based private equity real estate firm Stoic Equity Partners breaks into Louisville, Ky. market and expands commercial portfolio in Jackson, Miss. DAPHNE, Ala., March 11, 2024 /PRNewswire/ -- Stoic Equity Partners has closed on the purchase of two flex industrial assets–the first two closings associated with its latest fund, SEP Industrial Holdings I. The assets include the 127,323 square foot Commonwealth Business Center located on Bluegrass Parkway in Louisville, Ky., and the 158,775 square foot portfolio consisting of Interchange Business Park and 110 Metroplex in the Jackson, Miss. MSA.
Blackstone Calls Real Estate A 'generational Opportunity'
2024-03-11T09:01:17.994871-04:00https://www.thetrustedinsight.com/investment-news/blackstone-calls-real-estate-a-generational-opportunity-20240311095/
Right now, the prevailing consensus in the market seems to be that commercial real estate ("CRE") and the publicly traded real estate investment trusts ("REITs") (VNQ) that own it are permanently impaired. Property values are falling, and high interest rates have made CRE business models unviable. But as is so often the case, this popular narrative takes a kernel of truth and blows it out of proportion into huge misconceptions. That's when it's helpful to hear from a real expert in the field, such as a portfolio manager at Blackstone (BX), the largest alternative asset management company in the world.
What If Goldman Sachs, Jpmorgan & Morgan Stanley Chose Ceos Like This?
2024-03-11T08:33:06.833913-04:00https://www.thetrustedinsight.com/investment-news/what-if-goldman-sachs-jpmorgan-morgan-stanley-chose-ceos-like-this-20240311093/
When chief executives are selected in investment banks, it tends to be a closed door affair. The outgoing leader chooses the next, and there is often some fallout. David Solomon's ascension at Goldman Sachs resulted in his unsuccessful opponent, Harvey Schwartz, joining Carlyle Group. Jamie Dimon's succession machinations at JPMorgan seem to have been partly responsible for Vis Raghavan's exit to Citigroup. Only Ted Pick at Morgan Stanley was chosen by James Gorman in a peculiarly bloodless baton-handing, although it remains to be seen whether Andy Saperstein and Dan Simkowitz will stay long as number twos.
Reddit Targets Up To Us$6.4 Billion Valuation In Much-awaited Us Ipo - Cna
2024-03-11T07:31:30.668964-04:00https://www.thetrustedinsight.com/investment-news/reddit-targets-up-to-us64-billion-valuation-in-much-awaited-us-ipo-cna-20240311088/
Reddit logo is seen in this illustration taken November 7, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Reddit is aiming for a valuation of up to US$6.4 billion in its US initial public offering (IPO), the social media platform said on Monday (Mar 11), as it nears one of the most-anticipated stock market debuts of the last few years. The company, along with some of its existing investors, is targeting a sale of about 22 million shares, priced between US$31 and US$34 each, to raise up to US$748 million. Nearly 6.7 million of the shares are being offered by the selling stockholders.
Reddit’s Planned Ipo Aims To Raise Up To $748M
2024-03-10T20:31:06.525823-04:00https://www.thetrustedinsight.com/investment-news/reddits-planned-ipo-aims-to-raise-up-to-748m-20240310071/
The company seeks a valuation of as much as $6.5 billion after being valued at $10 billion last year. :
Reddit Inc. and its investors are seeking to raise as much as $748 million in what would be one of the biggest initial public offerings so far this year, according to people familiar with the matter. The social media platform and some of its current shareholders plan a sale of 22 million shares for $31 to $34 each, said the people, who asked not to be identified because the information wasn’t public yet.
The Easy Way To Invest Like Private Equity (and Earn 10%+ Dividends)
2024-03-10T09:31:06.583641-04:00https://www.thetrustedinsight.com/investment-news/the-easy-way-to-invest-like-private-equity-and-earn-10-dividends-20240310062/
Private equity is usually reserved for the rich. It’s the time-honored sport of milking cash from perfectly good businesses! Bleed ‘em dry and keep the dividends coming.
Reddit: Return Of The Profitless And Overvalued Ipo (pending:rddt)
2024-03-08T21:31:06.510685-05:00https://www.thetrustedinsight.com/investment-news/reddit-return-of-the-profitless-and-overvalued-ipo-pendingrddt-20240308040/
Reddit, (RDDT), should start trading as a newly public company sometime in March. At this projected valuation of $5 billion, or any higher, Reddit earns an Unattractive Stock Rating. While Reddit’s projected $5 billion or higher valuation is half of its $10 billion private market valuation seen in 2021 when interest rates were zero and money was cheap, we believe it remains much too high. Reddit reminds us of the fast-growing, but highly unprofitable IPOs we saw in 2021. Sure, Reddit birthed some of the most volatile meme stocks through the WallStreetBets subreddit, but the company has never been profitable.
Decoded Technology Law Insights, V 5, Issue 2, March 2024 | Spilman Thomas & Battle, Pllc
2024-03-08T17:01:20.847452-05:00https://www.thetrustedinsight.com/investment-news/decoded-technology-law-insights-v-5-issue-2-march-2024-spilman-thomas-battle-pllc-20240308037/
HHS Cybersecurity Performance Goals and the Healthcare Industry - The healthcare industry is a major target for cyberattacks because of all of the personal information collected from patients. Recognizing that the healthcare industry is such a ripe hunting ground for cybercriminals, the U.S. Department of Health and Human Services (HHS) has unveiled cybersecurity performance goals (CPGs) targeted to assist the healthcare industry avoid these attacks. HHS is recommending Essential CPGs best...By: Spilman Thomas & Battle, PLLC.
Ftc Workshop Argues That Private Equity Incentives Are Not Aligned With Quality Health Care | Troutman Pepper
2024-03-08T17:01:06.350774-05:00https://www.thetrustedinsight.com/investment-news/ftc-workshop-argues-that-private-equity-incentives-are-not-aligned-with-quality-health-care-troutman-pepper-20240308035/
On March 5, the Federal Trade Commission (FTC) hosted a public workshop titled “Private Capital, Public Impact: An FTC Workshop on Private Equity in Health Care.” The event is part of the agency’s effort to publicize and encourage enforcement targeting private equity investments in health care. The speakers from five federal and state agencies included all three sitting FTC commissioners, Assistant Attorney General for the Antitrust Division Jonathan Kanter, Inspector General of the U.S....By: Troutman Pepper.
Report: Cpg Company Harry’s Prepares To Launch Ipo
2024-03-08T13:01:06.550571-05:00https://www.thetrustedinsight.com/investment-news/report-cpg-company-harrys-prepares-to-launch-ipo-20240308030/
Consumer packaged goods company Harry’s Inc. reportedly confidentially filed for an initial public offering. The firm, which started with men’s grooming products in 2013 and now has five CPG brands, is working with investment banks and preparing to go public in New York, Reuters reported Friday (March 8), citing unnamed sources. Harry’s Inc. did not immediately reply to PYMNTS’ […]
The post Report: CPG Company Harry’s Prepares to Launch IPO appeared first on PYMNTS.com.
Private Credit Funds Appeal To Hong Kong Family Offices, Wealthy Investors As Returns Sizzle Amid Market Challenges | South China Morning Post
2024-03-08T06:01:18.073330-05:00https://www.thetrustedinsight.com/investment-news/private-credit-funds-appeal-to-hong-kong-family-offices-wealthy-investors-as-returns-sizzle-amid-market-challenges-south-china-morning-post-20240308002/
Private credit is becoming particularly appealing to affluent families who previously found access to this investment avenue restricted due to its exclusivity, according to William Chow at Raffles Family Office.
Fed Chair Powell Signals A Retreat On Banking Rules - The New York Times
2024-03-07T11:31:06.096255-05:00https://www.thetrustedinsight.com/investment-news/fed-chair-powell-signals-a-retreat-on-banking-rules-the-new-york-times-20240307984/
The Fed chair said regulators could scale back or rework a sweeping capital-requirements proposal that Wall Street has been fighting for months.
Spanish Startup Sateliot Joins Race For Cheap Space Connections - Cna
2024-03-07T10:01:06.392408-05:00https://www.thetrustedinsight.com/investment-news/spanish-startup-sateliot-joins-race-for-cheap-space-connections-cna-20240307982/
NIGRAN, Spain : Spanish space startup Sateliot is raising cash to send 100 microwave oven-sized satellites to the orbit, entering a crowded race for a slice of a market potentially worth $100 billion to offer cheap data connections via space. The company, which already has two test satellites in orbit, seeks 100 million euros ($109 million) in equity and debt from private equity investors, funds and banks, CEO Jaume Sanpera said in remarks cleared for publication on Thursday.
Nycb: Why Private Equity Has Been Involved In Every Recent Bank Deal
2024-03-06T18:31:29.153019-05:00https://www.thetrustedinsight.com/investment-news/nycb-why-private-equity-has-been-involved-in-every-recent-bank-deal-20240306960/
New York Community Bank's $1 billion-plus capital raise is the latest example of private equity players coming to rescue a regional bank.
Lazard Announces Cash Tender Offer For 3.750% Senior Notes Due 2025 Of Lazard Group Llc
2024-03-06T12:01:06.232794-05:00https://www.thetrustedinsight.com/investment-news/lazard-announces-cash-tender-offer-for-3750-senior-notes-due-2025-of-lazard-group-llc-20240306941/
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) is commencing a cash tender offer (the “Tender Offer”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “Notes”). The Tender Offer is being made upon the terms and conditions in the Offer to Purchase and related Letter of Transmittal dated March 6, 2024. The Tender Offer will expire at 5:00 p.m. (New York City time) on March 12, 2024, unless.
Permira Assembles New Team To Invest In Low Carbon Transition
2024-03-06T06:01:26.603656-05:00https://www.thetrustedinsight.com/investment-news/permira-assembles-new-team-to-invest-in-low-carbon-transition-20240306919/
Permira is putting together a dedicated investment team to focus on the transition to a low carbon economy, the private equity group said, as alternative asset managers look to capitalise on the global shift to a greener future.
Carlyle Launches Sale Of Japanese Cosmetics Supplier Tokiwa In $800M Deal, Sources Say - Cna
2024-03-06T06:01:17.197730-05:00https://www.thetrustedinsight.com/investment-news/carlyle-launches-sale-of-japanese-cosmetics-supplier-tokiwa-in-800m-deal-sources-say-cna-20240306918/
File photo: The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato/File photo Private equity firm Carlyle Group has begun the sale process of Japanese cosmetics supplier Tokiwa Corp in a deal that could value the company at $800 million, three sources with knowledge of the matter said. Non-binding bids for the company are expected by mid-March, said the sources, who declined to be named as the information is confidential. Potential buyers include private equity firms and several companies in the cosmetics industry, said one of them.
Bulk Deals: Aavas Financiers Promoters Sell Rs 1,369 Crore Worth Stake
2024-03-05T11:31:09.745394-05:00https://www.thetrustedinsight.com/investment-news/bulk-deals-aavas-financiers-promoters-sell-rs-1369-crore-worth-stake-20240305896/
Foreign promoters Lake District Holdings, Partners Group ESCL, Partners Group Private Equity sold stake in Aavas Financiers. :
Unlock Your Trading Potential: Trade like Experts with SEBI registered creators, Learn from Courses & Webinars by India's Finest Finance Experts. In Aavas Financiers, foreign promoters Lake District Holdings, Partners Group ESCL, and Partners Group Private Equity collectively sold stake worth Rs 1,369.61 crore in the company. Lake District Holdings sold 58,39,578 shares or 7.37 percent stake at Rs 1,370.01 per share.
London & Capital And Waverton Im To Merge Into £17bn Wealth Manager
2024-03-05T11:01:06.766738-05:00https://www.thetrustedinsight.com/investment-news/london-capital-and-waverton-im-to-merge-into-17bn-wealth-manager-20240305893/
Lovell Minnick Partners (LMP) will take a majority shareholding. :
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preferences and amend your account details London & Capital Group has agreed to merge with Waverton Investment Management, creating a wealth manager with £17bn assets under management. If the deal receives regulatory approval, US private equity firm Lovell Minnick Partners (LMP) will take a majority shareholding in the combined business.
Family Offices Still Love Hedge Funds: Preqin
2024-03-04T20:51:08.009357-05:00https://www.thetrustedinsight.com/investment-news/family-offices-still-love-hedge-funds-preqin-20240304868/
The number of family office investors allocating to hedge funds increased by 10% from 2022 to 2023, and has doubled since 2015, according to new research by Preqin.
Times Change: The Era Of The Private Equity Denominator Effect | Cfa Institute Enterprising Investor
2024-03-04T14:31:06.427943-05:00https://www.thetrustedinsight.com/investment-news/times-change-the-era-of-the-private-equity-denominator-effect-cfa-institute-enterprising-investor-20240304851/
How can investors address the denominator effect in private equities? :
After private equity’s extraordinary performance in 2021, private market valuations decoupled from those of both public equities and bonds in 2022. This led many institutional investors to end up over-allocated to private markets. This is the so-called denominator effect, whereby private asset allocations exceed the percentage threshold established in an allocation policy and must be corrected. The simultaneous negative cash flow cycle has reduced anticipated liquidity that latent paper portfolio losses in traditional assets have already compressed. This makes portfolio adjustment decisions even more challenging.