Deals In Consumer, Retail Fell By A Third In 2023, Transaction Value Down 9% - Grant Thornton Bharat, Et Retail
The number of deals through mergers and acquisitions and private equity funding in the consumer sector dropped to 331 last calendar year from 514 a year earlier while the drop in value was 9% lower at $8.6billion against $9.3 billion largely led by ecommerce sector even as textiles, durables and retail sector saw higher deal count, said the report shared exclusively with ET.
Miners Facing Financing Frustration, Where Will The Money Come From?
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
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
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)
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
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"
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)
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
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
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 […]
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Nordic Capital To Invest In One Inc
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.