News 

Exclusive: Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta – sources

“Buyout firm Platinum Equity LLC, for example, has been in talks about partnering with Koch Industries Inc on a bid for Axalta, one of the sources said, cautioning that it is possible such a bid does not materialize” writes Midwest Communications Inc for 95kqds.com. CD&R and PPG are discussing forming a consortium to bid for Axalta with other investors that include Singaporean sovereign wealth fund GIC and U.S. asset manager BlackRock Inc, one of the sources said.The bid would come three months after Axalta said it would explore a sale. Source:…

Read More
News 

Private equity firms are already interviewing associates that start in 2021 — their earliest-ever hiring kickoff shows how crazy the battle for talent has gotten

“Private equity firms have recruited earlier and earlier, because of how difficult it is to assess talent so early on” writes Casey Sullivan for businessinsider.com. Private equity firms are already interviewing first-year investment banking analysts to fill 2021 associate positions, marking the earliest-ever kickoff to recruiting for those roles, sources told Business Insider.PE firms have been racing to lock down talent to hire associates, pushing up the timeline of extending offers to investment banking analysts earlier and earlier.That highlights the escalating war for talent in the financial sector as more…

Read More
Markets News Stocks 

Investors flocked to bonds and away from stocks in August at the fastest pace on record, says TrimTabs

“During the week ended Sept. 4, investors pulled $8.4 billion from equity exchange-traded funds and mutual funds, while pouring $11.3 billion into bond funds” writes Markets Reporter for marketwatch.com. Despite rising equity prices so far this month, investors have continued to pull money from equity funds according to data from EPFR Global and Bank of America.This continues a trend that has prevailed for most of 2019, wherein equity prices have been steadily rising even as investors pull money out of equity funds.The next largest divergence occurred in October 2013, when…

Read More
News 

Prudential Financial to buy Assurance IQ, which uses data science and AI to sell insurance policies from 20+ providers online, for $2.35B

“(Reuters) – Prudential Financial Inc is set to buy online insurance startup Assurance IQ Inc for $2.35 billion, the latest in a series of moves by traditional insurers to up investment in technology and data crunching by buying Silicon Valley startups” writes Bharath Manjeshr for reuters.com. Labelled “insuretech”, Assurance and peers such as California-based Health IQ and Clover Health have drawn eyes over the past year with disruptive models that use data crunching and artificial intelligence to boost revenue and cut costs.It plans to use a combination of cash, debt,…

Read More
News 

The CEO behind a tech-led turnaround at Domino’s Pizza now wants to land huge private-equity deals. He told us the areas he’s targeting and why he’s excited about voice technology.

“In joining Carlye, Doyle follows a well-trodden path of executives being tapped to help private equity firms source deals” writes Casey Sullivan for businessinsider.com. Unlike some other executives who work with private equity firms as “executive partners,” though, Doyle’s role will not focus on improving existing portfolio companies but finding new ones.Doyle, 56, who stepped down as Domino’s CEO last year, now wants to apply what he learned at the pizza chain to a new role as a private-equity investor. Source: businessinsider.com

Read More
News 

Austria’s AMS makes $4.8 billion counterbid for Germany’s Osram

“The AMS bid includes a 4.2 billion euro bridging loan facility underwritten by UBS and HSBC , which AMS plans to refinance by issuing debt and equity” writes Midwest Communications Inc for 95kqds.com. “Our offer and the combination of Osram and AMS represents a better option to all stakeholders than the private equity proposal,” AMS Chief Executive Alexander Everke said.Osram shareholders who have already decided to tender for the private equity groups’ offer of 35 euros per share can withdraw and retender, AMS said.The bid automatically extends the period for…

Read More
News Stocks 

Dai-ichi Life cuts equity, dollar exposure as U.S.-China trade war worsens

“Dai-ichi Life Insurance is Japan’s second-largest private life insurer, with 36.6 trillion yen in assets under management as of end-June” writes Midwest Communications Inc for 95kqds.com. Japanese insurers collectively hold 390 trillion yen ($3.7 trillion) of assets and their investment flows have a significant impact on the yen and bond markets around the world.But even if that happens, we cannot see the economy recovering to levels before the start of the trade war,” he said.TOKYO (Reuters) – Dai-ichi Life Insurance , one of Japan’s biggest investors, has cut holdings of…

Read More
Markets News Stocks 

Stocks to rise as rate cuts beat back trade worries for now: Reuters poll

“When asked on the probability of a significant correction in equity markets this year, strategists gave a median 30% chance of that happening” writes Midwest Communications Inc for 95kqds.com. When asked how long the bull run in global stocks would last, strategists were split, with only about a quarter predicting it to have already ended.”This, combined with the record low yields offered by the bond markets, likely pushes investors into the ‘pain trade’ of owning stocks.”. While stocks have recovered globally so far this year, the latest polls of nearly…

Read More
Markets News Stocks 

Asia stocks, bond yields rise as trade war fears ease

“Global markets had been roiled at the start of the week by new tariffs from the world’s two largest economies” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3% after dropping 1.3% the previous day.Equity markets may have found traction for now but the longer-term outlook for risk assets, buffeted repeatedly by trade concerns, remained shaky. Source: 95kqds.com

Read More
News Platforms 

Circle Looks to Raise $100M for Its Equity Platform SeedInvest

“Goldman Sachs-backed crypto startup Circle plans to deploy a $100 million venture capital fund for its equity crowdfunding platform SeedInvest” writes Helen Partz for cointelegraph.com. Recently, Circle CEO Jeremy Allaire argued that Bitcoin (BTC) is a safe investment, claiming that people who want to control their capital buy Bitcoin.The partner will be expected to develop and drive an investment thesis, targeting Seed Invest’s network of 250,000 investors to maximize returns, the job posting notes.According to a recent job posting on LinkedIn, Circle is seeking the general partner that will be…

Read More