Forward Global Eyes Private Equity Sale - And Acquisitions With €150M Fund | Pr Week
International full-service risk and reputation management firm Forward Global has entered negotiations with private investment firm Bridgepoint Development Capital to invest €150m (£130m) into PR acquisitions.
Omnicom Group Inc. (omc) Q1 2024 Earnings Call Transcript
Gregory Lundberg - SVP, IR John Wren - Chairman & CEO Philip Angelastro - EVP & CFO Paolo Yuvienco - EVP & Chief Technology Officer Cameron McVeigh - Morgan Stanley Adam Berlin - UBS David Karnovsky - JPMorgan Tim Nollen - Macquarie Steven Cahall - Wells Fargo Securities Michael Nathanson - MoffettNathanson Craig Huber - Huber Research Partners Good afternoon, and welcome to the Omnicom First Quarter 2024 Earnings Release Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded.
Private Equity Firm Cd&r To Buy It Company Presidio From Bc Partners - Cna
U.S. private equity firm Clayton Dubilier & Rice (CD&R) said on Tuesday it had agreed to acquire a majority ownership position in information technology provider Presidio from UK-based BC Partners. CD&R said private equity firm BC Partners will continue to retain a minority ownership position in the company as part of the deal, whose terms were not disclosed. Presidio has more than 6,660 customers and provides secured cloud-based technology to organizations ranging from government agencies to businesses such as Amazon.com, Cisco Systems, Microsoft and Google.
Ceraweek-financiers Grab Reins As New Energy Startups Struggle -march 22, 2024 At 02:36 Pm Edt | Marketscreener
(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.
Reddit: Return Of The Profitless And Overvalued Ipo (pending:rddt)
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.
Permira Assembles New Team To Invest In Low Carbon Transition
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.
Apollo Co-founder Leon Black Sells Stock Worth $172.8M - Cna
FILE PHOTO: Leon Black, Chairman, CEO and Director, Apollo Global Management, LLC, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, U.S. May 1, 2018. REUTERS/Lucy Nicholson/File Photo Billionaire and co-founder of Apollo Global Management Leon Black has sold shares worth about $172.8 million in the private equity firm, nearly three years after stepping down as its chief executive. He sold 1.55 million shares earlier this month, a regulatory disclosure by Black made late on Monday showed.
Chipmaker Broadcom Sells Remote-access Unit To Kkr In $4B Deal - Cna
A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo :Chipmaker Broadcom is selling its unit that allows users to access desktops and applications from any device to private-equity firm KKR in a deal valued at about $4 billion, as part of its efforts to simplify its business after VMware's acquisition last year for a whopping $69 billion.
Exclusive-broadcom Nears $3.8B Sale Of Remote Access Unit To Kkr - Cna
FILE PHOTO: A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo :Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday. The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company's portfolio after completing its $69 billion takeover of software maker VMware in November.
Vista Equity Hires Kkr’s Parant To Further Private Wealth Push
The move comes as individual investors hold about 50% of global assets under management—a figure that’s expected to rise to almost 70% by 2023,