
Carlyle, SK Capital close deal for bluebird bio, injecting capital for commercial expansion
After a back and forth with two potential buyers, bluebird bio has completed its sale to funds managed by global investment firms Carlyle (NASDAQ: CG) and SK Capital Partners LP.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
American Trust Investment Services Serves as Exclusive Placement Agent for Fly-E Group Inc.'s Follow-On Offering
Firm Supports Capital Raise to Advance Expansion in Electric Mobility NEW YORK, June 4, 2025 /PRNewswire/ -- American Trust Investment Services, Inc. (ATIS) is pleased to announce its role as the exclusive placement agent for Fly-E Group Inc. (NASDAQ: FLYE) in connection with the company's follow-on public offering. The offering consists of 28,595,553 shares of common stock and 57,191,106 warrants to purchase common stock, with a public offering price of $0.2428 per share and accompanying warrants, for expected gross proceeds of approximately $6.94 million, before deducting placement agent fees and offering expenses. Each share is being offered together with two five-year warrants, exercisable immediately at 120% of the offering price. Fly-E Group Inc. is a U.S.-based electric vehicle company focused on the design, distribution, and retail of smart electric motorcycles, e-bikes, scooters, and related accessories under the Fly E-Bike brand. The company currently operates more than 30 retail stores across the United States and has plans to expand into new international Markets. The net proceeds from the offering will be used to support inventory purchases, vehicle production, and general corporate purposes, as outlined in the company's registration Statement. "This is an exciting and important transaction for Fly-E," said James Dever, Chief Executive Officer of ATIS. "We're proud to support their mission and growth strategy as they scale operations and build market leadership in sustainable mobility." "This offering reflects our continued focus on partnering with founder-driven, high-growth companies," added Ian Lippy, Chief Operating Officer of ATIS. "We look forward to seeing Fly-E's expansion accelerate with the backing of new capital and committed investors." About American Trust Investment Services, Inc. American Trust Investment Services, Inc. (ATIS) is a leading investment bank and financial services firm, providing tailored capital markets solutions for emerging and established companies. Headquartered in Chicago, with offices nationwide, ATIS offers a full suite of investment banking, brokerage, and advisory services. The firm is recognized for its hands-on approach and long track record of guiding businesses through complex financial transactions with integrity and expertise. For more information, visit Media & Company Contact: Ian E. Lippy American Trust Investment Services, Inc. (ATIS) media@ View original content to download multimedia: SOURCE American Trust Investment Services, Inc.
Yahoo
17 minutes ago
- Yahoo
Descartes cutting 7% of workforce after earnings miss
Supply chain software provider Descartes announced Wednesday that it is cutting its workforce by 7%, or roughly 200 people. The action is in response to 'uncertain times for customers' as a rapidly changing trade landscape weighs on the freight industry. 'This is a challenging and uncertain economic and trade environment for shippers, carriers and logistics services providers,' CEO Ed Ryan said in a news release announcing fiscal first-quarter results. 'They face challenges on how, when, or if, to react to changes in global trade relationships, tariffs, sanctions and economic forecasts.' The head count reductions were an expansion of a restructuring plan announced a quarter ago, which involved trimming just 2% of the workforce. The recent actions along with other initiatives are expected to generate $15 million in annual cost savings. Descartes (NASDAQ: DSGX) reported earnings per share of 41 cents for its fiscal first quarter ended April 30. The result was 1 cent higher y/y but 19 cents light of the consensus estimate. Consolidated revenue increased 12% y/y to $169 million, largely due to prior acquisitions. The company said it's seeing 'strong interest' for global trade intelligence services given the quickly changing tariff environment. None of its customers are tripping minimum volume commitments, which are set at 85% to 90% of average volumes. Adjusted earnings before interest, taxes, depreciation and amortization of $75 million was 12% higher y/y, with the adjusted EBITDA margin improving 20 basis points to 44.5%. The company generated $54 million in cash flow from operations in the quarter, a 16% y/y decline. It ended the period with $176 million in cash and an untapped line of credit of $350 million. It plans to use capital to continue to make accretive acquisitions as valuation multiples are coming down. During the recent quarter, it acquired cloud-based transportation management solutions provider 3GTMS for $112.7 million. Ryan said the belt tightening has put the company 'in a position to live to fight another day.' He believes Descartes will be in a strong position to step in and make acquisitions if its peers become distressed. Shares of DSGX were off 0.5% in after-hours trading on Wednesday. More FreightWaves articles by Todd Maiden: XPO sees modest tonnage decline in May Old Dominion's May update in line with prior Q2 guide Transportation pricing grows faster than capacity again in May The post Descartes cutting 7% of workforce after earnings miss appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
17 minutes ago
- Yahoo
ServiceNow (NOW) Surpasses Market Returns: Some Facts Worth Knowing
The most recent trading session ended with ServiceNow (NOW) standing at $1,012.74, reflecting a +0.18% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.01%. Elsewhere, the Dow saw a downswing of 0.22%, while the tech-heavy Nasdaq appreciated by 0.32%. Shares of the maker of software that automates companies' technology operations witnessed a gain of 4.73% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 7.95% and the S&P 500's gain of 5.2%. The upcoming earnings release of ServiceNow will be of great interest to investors. The company is expected to report EPS of $3.53, up 12.78% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.12 billion, up 18.79% from the prior-year quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $16.51 per share and revenue of $13.01 billion. These totals would mark changes of +18.61% and +18.42%, respectively, from last year. Investors should also pay attention to any latest changes in analyst estimates for ServiceNow. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.27% higher. Right now, ServiceNow possesses a Zacks Rank of #3 (Hold). Looking at valuation, ServiceNow is presently trading at a Forward P/E ratio of 61.23. This valuation marks a premium compared to its industry's average Forward P/E of 19.74. We can additionally observe that NOW currently boasts a PEG ratio of 2.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Computers - IT Services industry currently had an average PEG ratio of 2.2 as of yesterday's close. The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 63, this industry ranks in the top 26% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow NOW in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ServiceNow, Inc. (NOW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data