Video telematics provider Lytx Inc. announced that it has received the "largest-ever" investment in the video telematics sector from a company backed by global private equity firm Permira. The majority stake acquired by funds and co-investors of Permira places a valuation on Lytx in excess of $2.5 billion. According to the press release, the investment seeks to address the growing demand for turning data acquired from machine vision and artificial intelligence into actionable insights that can help fleets better compete, reduce costs and improve safety.

The consortium is buying the New York-based firm, which advises clients on valuations, corporate finance, compliance and regulatory matters, from Permira Funds. Permira will retain a significant stake in the business after the deal. As part of the transaction, which is expected to close in the second quarter of 2020, the Duff & Phelps management team will continue to lead the company and hold a "meaningful" stake.

(Bloomberg) -- South Africa’s Naspers Ltd. and an investor group backed by German publisher Axel Springer SE are among suitors that submitted bids for EBay Inc.’s classified-advertising business, according to people familiar with the matter.Axel Springer teamed up with KKR & Co. for its offer, according to the people, who asked not to be identified because the information is private. Online classifieds company Adevinta ASA also made a bid for the unit by this week’s deadline, the people said. A consortium of Blackstone Group Inc., Permira and Hellman & Friedman has also been pursuing the business, the people said.The unit could fetch $8 billion to $10 billion, according to one of the people. EBay could decide as soon as next week which suitors advance to the next round, the people said.EBay shares rose 2.3% in New York Friday, valuing the company at about $30.5 billion.A potential sale of EBay’s classifieds unit could rank among the largest deals in Europe involving private equity firms this year. EBay is seeking a sale of the business at a time when market turmoil has hampered financing for leveraged buyouts, forcing companies to put a number of bidding processes on hold. Walmart Inc. paused the sale of a majority stake in its U.K. grocery chain Asda to focus management’s attention on running the business amid unprecedented spikes in demand driven by the coronavirus.Representatives for EBay, Adevinta, Axel Springer, Blackstone, KKR, Naspers and Permira declined to comment. A spokesperson for Hellman & Friedman didn’t immediately respond to a request for comment.EBay said in February it was in talks with multiple parties about a sale of the business and expected to update investors by the end of the first half. While the San Jose, California-based company reported better-than-expected sales in the first quarter, the classifieds unit dragged on results as the Covid-19 pandemic forced the closure of car dealerships.EBay’s classified business has attracted interest from several strategic and private equity firms, Dealreporter and The Wall Street Journal have previously reported, citing unidentified people. Permira partially owns Polish online auction site Allegro. Hellman & Friedman is a backer of digital car marketplace Autoscout24 GmbH.E-commerce group Naspers, Africa’s largest company by market value, is seeking to boost its portfolios in classifieds, food delivery and digital-payments businesses as well as education, Chief Executive Officer Bob Van Dijk said in an interview this month. The company acquires online companies around the world through Amsterdam-listed Prosus NV, which the company spun off in September last year.German publisher Axel Springer has ramped up its hunt for deals to accelerate a shift into digital media since agreeing to go private with the help of KKR last year.Norway’s Adevinta was spun off of Scandinavian media conglomerate Schibsted ASA last year with the goal of expanding in the global online classified market.(Updates with details on Axel Springer and Adevinta in last two paragraphs)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

EAST RUTHERFORD, N.J., March 31, 2020 -- Cambrex, the leading small molecule company providing drug substance, drug product and analytical services across the entire drug.

EAST RUTHERFORD, N.J., Oct. 24, 2019 -- Cambrex Corporation (NYSE: CBM), the leading small molecule company providing drug substance, drug product and analytical services.

NEW YORK, Sept. 25, 2019 -- Bragar Eagel & Squire, P.C. announces to investors that it is investigating potential claims on behalf of stockholders of Highlands Bankshares,.

EAST RUTHERFORD, N.J., April 07, 2020 -- Cambrex, the leading small molecule company providing drug substance, drug product and analytical services across the entire drug.

Cambrex Corporation (CBM), the leading small molecule company providing drug substance, drug product and analytical services across the entire drug lifecycle, has won the ‘Excellence in Pharma: API Development’ category at the annual CPhI Pharma Awards, which took place at a Gala Dinner at CPhI Worldwide in Frankfurt on November 5th. This marks the third time that Cambrex has won the category in the past 4 years, having previously won in 2016 and 2017. The Company was also judged ‘highly commended’ in the same category in 2018.

On March 9, 2009, the Wall Street Journal asked, "Just how low can stocks go?" The same day, an asset manager told CNNMoney.com, "With an absence of good news, the path of least resistance is down." America was mired in what came to be called the Great Recession, and Standard & Poor's 500-stock index closed the day down 57% from its 2007 high. Things couldn't have looked bleaker. Which is precisely when bull markets begin.The current one becomes the longest bull market on record on August 22, at least dating back to 1932. The S&P; 500 has returned a cumulative 410.4% over the run, and plenty of individual stocks have done much better. To find the best stocks of the bull market, we asked S&P; Global Market Intelligence to set its time machine back to March 9, 2009, and give us the best stocks since then in the S&P; Composite 1500. The Composite includes components of the large-company S&P; 500, the MidCap 400 and the SmallCap 600--covering 90% of the U.S. market.The winners are a diverse group. SEE ALSO: 50 Best Stocks of All Time

NEW YORK, NY / ACCESSWIRE / September 26, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in ...

S&P; Dow Jones Indices will make the following changes to the S&P; 500, S&P; MidCap 400 and S&P; SmallCap 600:

Moody's also assigned a B2 rating to the $875 million 1st lien secured term loan and $135 million secured revolver and a Caa2 rating to the $250 million 2nd lien secured term loan. The outlook is stable.

ALXN vs. CBM: Which Stock Is the Better Value Option?

Private equity investor Permira took advantage of strength in the shares of TeamViewer, in part driven by an increase in working at home due to the coronavirus epidemic, to sell an 11% stake worth 700 million euros ($781 million). The sale of 22 million shares to institutional investors on Tuesday evening was priced at 32 euros apiece - a discount to the market close but a handy premium to the price of 26.50 euros at which the company floated in Frankfurt last September. TeamViewer markets itself as a system-agnostic way to connect "anyone, anything, anywhere, anytime".

Cambrex Corporation, the leading small molecule company providing drug substance, drug product and analytical services across the entire drug lifecycle, today announced changes to its management team and Board of Directors to accelerate growth and further operational excellence, building upon its trusted reputation for the highest quality pharmaceutical development and manufacturing capabilities. Robert Green has been named Executive Vice President and Chief Financial Officer, succeeding Gregory Sargen, who will depart the company on January 31. Shawn Cavanagh has been promoted to President and Chief Operating Officer, and will join the Company’s Board of Directors.

Genesis Healthcare's (GEN) third-quarter results are likely to reflect weak revenues, partially offset by same store facility growth and lower expenses.

Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]

Swiss language tutor Education First (EF) has entered exclusive talks with global private equity firm Permira to sell its China operations, in a deal valuing the business at $1.6 billion, said two people with direct knowledge of the matter. EF, owned by founder Bertil Hult and his family, hired JPMorgan Chase & Co to help sell the mainly children-focused business last year, coming as multinational firms re-evaluate their China operations where economic growth is slowing. The language tutor achieved about $100 million in earnings before interest, tax, depreciation and amortization (EBITDA) last year at its China business, said one of the people.

EAST RUTHERFORD, N.J., Dec. 04, 2019 -- Cambrex Corporation (NYSE: CBM), the leading small molecule company providing drug substance, drug product and analytical services.

ALXN vs. CBM: Which Stock Is the Better Value Option?