Cooper Smith retweeted
.@GTCRLLC has paid $2.7 billion for @AssetMark, an online wealth management platform. Such assets have been hotspots for #PE #investment, but that's slowly changing as the industry contracts.
valueaddpe.com/can-gtcrs-2-7…
Plus: @tpg buys @Altimetrik, @26northpartners inks its first deal, and Birch Hill Equity Partners bets big on Canadian pharmacies.
Cooper Smith retweeted
We're in good company on Full Time Offer's "12 Best Free Finance Newsletters" list! Subscribe with link in bio.
fulltimeoffer.com/post/free-…
"The newsletter from Value Add PE focuses on insights for private equity operating partners and sponsor-backed executives. Content includes private equity #news, research articles, case studies, sector trends, and career advice. Topics covered range from buyout news, #portfolio operations, and major private equity deals, to #AI use cases in private equity, and profiles of private equity-backed CEOs. This makes it a comprehensive resource for those involved in or interested in the private equity sector."
#Investment #Finance
Cooper Smith retweeted
.@DB_Bahn launched a process to sell @DBSchenker, its logistics arm, in December 2023. Now, two bidders have emerged from the 20 that initially showed interest: @CVC_Capital and @DSV_global. Each has placed a binding bid of €14 billion ($15.6 billion) for the company whose profits keep dwindling.
Plus: #CyberSecurity companies make enticing #PE targets, Wynnchurch adds on Iconex’s label solutions to M2S, and the @NFL accepts eight PE firms into the fold.
valueaddpe.com/deutsche-bahn…
Cooper Smith retweeted
#CyberSecurity companies have become popular targets for #PE due to their increasing importance to #IT departments across industries.
Approximately 18% to 28% of all IT budgets in the UK and US are now dedicated to improving technology resilience, according to B2B research firm @vansonbourne and @SRMInform.
Read more: valueaddpe.com/cybersecurity…
Cooper Smith retweeted
Few companies consider deals below $5 million #EBITDA – and even fewer launch roll-ups with an asset that small. But The Riversie Company does just that, with an #international edge.
#PE #investment
valueaddpe.com/weve-moved-do…
Cooper Smith retweeted
.@OneCarlyle has bought Vantive, the kidney care unit of @baxter_intl for $3.8 billion. Atmas Health was added to Carlyle's #healthcare #operations platform in 2022 and will oversee the asset.
Plus: #PE broadens feeder firms for operating partner recruitment, @thomabravo exits $2.9B Trader Corp, and @GrantThornton, @EvolentHealth, and @RedwoodSoftware seek private #equity buyers.
Read our weekly briefing: valueaddpe.com/3-8b-for-vant…
#InvestmentStrategies #InvestmentOpportunities #investment
Cooper Smith retweeted
Dedicated operating partners are scarce in the small- to mid-market. But counterintuitively, these firms’ operational successes have led them to outperform large buyouts. By @xisabelobrienx
valueaddpe.com/why-do-smalle…
Cooper Smith retweeted
Amid volatility, KKR remains steadfast in its Japan buyout strategy. By @xisabelobrienx
valueaddpe.com/why-kkr-keeps…
Cooper Smith retweeted
How the unwinding of the Yen carry trade affects private equity. by @CooperASmith
valueaddpe.com/how-the-unwin…
Cooper Smith retweeted
Apollo Global Management is rolling the dice again with a $6.3 billion bet on IGT and Everi Holdings. With past bets like PlayAGS and Caesar's Entertainment, Apollo's track record in gaming is mixed. 🎲 by @xisabelobrienx #PrivateEquity valueaddpe.com/can-apollo-en…
A lot of retailers have teased out big holiday earnings, but this is what we would expect during promotions in an inflationary environment and consumer price sensitivity. The real test is if consumers keep buying once the deals are over
American Eagle says it had the second-best holiday season in its history.
ow.ly/by0H50Mm5OG
#retail #retailnews
Will buy in store ship to home become the new BOPIS?
Apple is planning new iPhone AR features for retailers. First up: its own stores. Point an iPhone at a product in an Apple Store and get more info like pricing and specifications. bloomberg.com/news/newslette…
I wonder if in the future there will be two types or AI chatbots: those trained using knowledge graphs and others trained using emotional graphs. Seems like a lot of AI research today is focused on the former
As consumer spending has slowed, investment has turned negative -- particularly in housing and industrial equipment sectors via @JosephPolitano
apricitas.io/p/how-rate-hike…
Heatmap of the winning and losing sectors of the 2020 stock market. Almost a complete reversal to today's market. h/t @VisualCap
Huge seasonal swings in US imports of Chinese goods. Peaks every October ahead of holidays. US imports from Canada for reference.
Cooper Smith retweeted
I was surprised to see real services spending up 0.1% in December. Here are the major COVID-sensitive service categories:
Food: -1.5%
Hotels&motels: 9.3%
Ground transportation: 3.2%
Air transportation: 0.4%
Recreation: 1.0%
Movie theaters: 59.8% (Spiderman!)
Personal care: 0.5%