Take-private Deal Or Not, Nuvei Is Attractive (nasdaq:nvei) | Seeking Alpha
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.
Top Pe Firms Apollo, Partners Group, Tpg, With Solid Core Business, Target Alternative Assets In Asia To ‘generate Alpha’ | South China Morning Post
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.
Pe Deals Tumble Again, Down 63%: Bain & Company
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.
Asia Private Equity Deals Set For Worst Q1 Since 2015, Data Shows
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.
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.
Private Credit’s Second Act Raises Some Eyebrows
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.
Nav Loans In Private Funds: Considerations For Managers And Investors | Robinson Bradshaw
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.
Gildan Activewear Stock Jumps 10% Amid Reports Of Potential Buyout
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.
3 Potential Biotech Buyout Targets In 2024
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.
Report: Nuvei On Verge Of Buyout Deal With Advent
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.