Tendril and Simple Energy, two Colorado-based startups focused on utility customer data analytics and energy engagement, have merged into a one-stop-shop for utilities' customer-facing software needs. Uplight, the name of the newly merged company, counts around 75 North American utilities as customers, including Duke Energy, National Grid, Exelon, Southern Co., PSEG, AEP and Consumers Energy, serving a combined 100 million customers. Tendril's business lines have grown substantially in the six months since its long-running venture investors were bought out through an undisclosed majority investment by private equity investor Rubicon Technology Partners.
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. My investment management firm's portfolio has a large position in the health care sector, and with AbbVie's $63 billion takeover bid for Allergan earlier this week, it's timely to review why we bought into this sector. Without commenting on Allergan shares of which we own, or AbbVie which we do not, health care companies in general are noncyclical - health care consumption is stable and independent of the whims of the global economy.
American Electric Power (AEP) is asking state regulators for the second time in two years to approve a multi-billion dollar investment into wind power, as it races to capitalize on fleeting federal tax credits. On Monday, AEP announced that its Public Service Co. of Oklahoma (PSO) and Southwestern Electric Power Co. (SWEPCO) utilities are seeking regulatory to purchase a total of 1,485 megawatts of wind projects being developed by Invenergy.
Click to view a price quote on AMZN. : Stocks were mixed late Monday after opening at record highs, as investors gear up for the start of the second-quarter earnings season. All three indexes closed at records on Friday. The Dow Jones Industrial Average was up 6 points, or 0.02%, to 27,338.03. The S&P 500 fell 0.02% to 3,013.27. The Nasdaq was up 0.16% to 8,257.58. JP Morgan Chase (JPM - Get Report) was leading the Dow's retreat, followed by Boeing BA and Goldman Sachs (GS - Get Report) .
Dr. Leon Daniels, President/CEO & Director, Pangolin Diamonds Corp. Dr. Chris Jennings, Director, North Arrow Minerals Mark Shimell, Project Manager, Star Diamond Corporation Paul Zimnisky, CFA, Independent Diamond Analyst and Consultant Moderator: Trish Saywell, Senior Staff Writer, The Northern Miner Eastmain is a Canadian exploration company advancing three high-grade gold assets in the emerging James Bay gold camp in Quebec. The Company holds a 100%-interest in the Clearwater Property, host of the Eau Claire Project, for which it issued a Preliminary Economic Assessment ("PEA") in May 2018, and the Percival Discovery made in November 2018.
A senior Goldman Sachs banker has highlighted to colleagues the role played by rival Morgan Stanley in failed Hong Kong IPOs following the collapse on Friday of Budweiser APAC's $9.8 billion...
The private equity firm has hired Raymond James to advise, according to published reports. : Lightyear Capital, the private equity firm that recently sold its majority stake in Advisor Group to Reverence Capital Partners, is reportedly looking for a buyer for Wealth Enhancement Group, the registered investment advisor it picked up in April 2015. The firm has hired Raymond James to advise on the sale, according to Buyouts Insider, which first reported the news.
The average VC has done 100s if not 1000s of deals; the typical entrepreneur is on his first or second start up. This creates an information asymmetry between entrepreneurs and venture capitalists. So says Scott Kupor, the first employee at Andreessen Horowitz, and managing partner of the firm today. He is the author of the... Read More The post MIB: Scott Kupor on the Information Asymmetry in Venture Investing appeared first on The Big Picture.
The transaction includes investments in 14 portfolio companies across the two funds. The post Actis takes over management rights of two Abraaj funds appeared first on DealStreetAsia.