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Micromobility startups Tier and Dott plan to merge to find a path to profitability

TechCrunch: M&A

After years of exploding growth and massive funding rounds, it’s time for consolidation in the micromobility industry. Tier and Dott, two leading European companies in the space, have announced that they plan to merge. The transaction is expected to close within two months of today’s news.

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Hapag-Lloyd keeps recently raised outlook despite 9-month profit drop

Global Banking & Finance

FRANKFURT (Reuters) – German container firm Hapag-Lloyd on Thursday posted a 47% drop in net profit for the first nine months of 2024 but retained its recently raised earnings outlook for the full year, citing higher transport volumes driven by demand.

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Engie Q1 profit drops on warmer winter, steady market

Global Banking & Finance

Engie Q1 profit drops on warmer winter, steady market By America Hernandez PARIS (Reuters) – French energy company Engie said on Friday first-quarter earnings fell 3.2% The company, which produces, transports and sells gas and electricity, said earnings before interest […]

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Getaround aims to scale car-sharing platform with HyreCar acquisition

TechCrunch: M&A

Getaround expects to realize up to $75 million of run rate annualized gross booking value from the deal, which the company says will contribute to positive adjusted EBITDA profitability.

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Cargill to Offload Deicing Salt Businesses

The Deal

The assets on the block consist of two backwards-integrated facilities, which mine, process and transport bulk deicing salts to municipalities, government agencies and private commercial businesses across the U.S. The bulk of the assets’ profits are generated from the New York mine, one of the sources said.

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Private Equity Fundamentals: A Comprehensive Course for Beginners

OfficeHours

Unlike venture capital, growth equity investments involve companies that are more established and have a track record of generating revenue and profitability. Finally, private equity firms also invest in infrastructure projects and real assets, such as transportation, utilities, energy, and real estate.

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Commodity Hedge Funds: The Most Lucrative “Hidden Gem” in Finance?

Mergers and Inquisitions

Commodity Hedge Fund Definition: A commodity hedge fund buys and sells futures contracts and other derivatives based on mining, energy, power, and agricultural products and earns profits via fundamental and technical analysis; the trading may be systematic, discretionary, or both. If you deliver 5,000 bushels, that’s a profit of $5,000.

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