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...Brookfield Asset Management is in advanced talks to buy a majority stake in $22bn private credit manager Castlelake as the world’s second-largest alternative investment manager uses acquisitions to push...
...It said it aimed to make the US “home to multiple high-volume advanced packaging facilities” by the end of the decade....
...Wellhub’s most recent funding round last year raised $85mn from investors led by EQT Growth, an arm of the European private equity giant, giving it a valuation of $2.4bn....
...In March, private equity group Permira agreed to sell fund administrator Alter Domus to rival Cinven in a €4.9bn transaction....
...That is due not only to the greater number of retail investors trading the stocks, but also to the growing popularity of sometimes-controversial equity fundraisings that can flood the market with new shares...
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...The chief executive of Samsung Semiconductor also gave an optimistic projection of revenue from advanced chip-packaging on Wednesday....
...“But equities are getting crushed.” Microsoft, Alphabet and Meta all report results for the first quarter next week, while Nvidia’s results are due in late May....
...The equity strategists we follow have seemed mostly unworried about sentiment....
But the boost to liquidity can prove shortlived
...Nvidia leads in the manufacture of advanced semiconductors; Microsoft and Amazon provide cloud-hosting....
...The “secondaries” market — of private equity investors buying and selling existing stakes in funds and private equity groups moving assets from older to new funds — was another bright spot....
...Hostmore was created after Electra Private Equity spun off the UK operations of the American-themed restaurant chain on to the London Stock Exchange in 2021....
...Shares opened up 38 per cent on Thursday, but Reddit’s equity value is still below its last valuation as a private company....
...Euphoria calling Just about every flavour of equity — not just big cap US tech — is rallying hard, as we pointed out yesterday. Then, we put a vaguely positive spin on this fact....
...The share price rose before tailing off at the end of the day: A price of $60 implies equity value of $12bn, for a company with current revenues of just a few million....
...So, we are in a general equity rally, not a US big cap tech rally. Does the distinction matter?...
...Nunes, a former Republican congressman, named four equities market makers in his letter: Citadel Securities, Virtu, Jane Street and G1 Execution Services....
...“Our business continues to see strong momentum with the most advanced companies in the world.”...
...Outside of these names, the broader earnings outlook for the equity world is muted.”...
Share sale follows investor’s admission that an earlier cut to its holding may have been a mistake
...South Korea’s Kospi advanced 0.3 per cent after the Bank of Korea held interests rates steady at 3.5 per cent, in line with expectations....
...Musk has long claimed to be cash poor, with the majority of his wealth tied up in Tesla and SpaceX equity....
...One banker described the success of the Galderma deal as “a sigh of relief” for private equity....
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