managing director
PE Today: Top Banks Encourage Digitization of Syndicated Loans with Versana
Read the headlines from Wednesday, March 16, 2022 below: Global banks launch syndicated loans platform Versana Leading global banks seek to digitally transform the syndicated loan market with the launch of Versana, a platform that will connect banks, institutional lenders and service providers to promote efficiency and. Transparency. Co-founded by JP Morgan, Bank of America, …
Queens Cross Group Glasgow is looking for new members
A GLASGOW housing association is looking for new board members to improve conditions for local residents and businesses. The Queens Cross group is looking for new members in four of their organizations who are passionate about the people of North Glasgow and want to make a difference in their lives. New board members are needed …
Nepal Oil says bankrupt, further price hikes expected
The Nepal Oil Corporation has filed for bankruptcy despite fuel prices rising to near record highs. Insiders say the state oil monopoly’s announcement of empty coffers could be a prelude to further price hikes. The high cost of fuel is digging deeper into consumers’ pockets, and monthly consumer price inflation hit a 64-month high in …
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Analysis: weak winds worsened the electricity crisis in Europe; utilities need better storage
OSLO / COPENHAGEN, December 22 (Reuters) – Winds have been milder than usual in Europe this year, so wind turbines across the bloc produced less electricity, exacerbating a crisis that made to climb electricity prices to record highs as utilities had to purchase more coal and more scarce, expensive natural gas. The situation illustrates a …
HIG Capital Completes Strategic Investment in Ramp up Pharmaceuticals | Business
MIAMI – (BUSINESS WIRE) – December 13, 2021– HIG Capital (“HIG”), one of the world’s leading alternative investment firms with over $ 45 billion in equity under management, is pleased to announce that one of its affiliates has made a strategic investment in shares in Rising Pharma Holdings and Casper Pharma (collectively, “Rising Pharmaceuticals” or …
UK construction groups call for green overhaul of public procurement
Some of the UK’s largest construction companies and contractors have called on the government to review the procurement process for public building projects to reduce carbon emissions. Groups such as Willmott Dixon, Mace and Morgan Sindall have written to Construction Minister Lee Rowley urging the government to consider environmental impact in procurement decisions on construction …
In the conference room: Laurie Smith
Laurie Smith (Photo credit: Blue Vista) Laurie Smith, Managing Director of Blue Vista, joined the Daily real estate beat for an interview. We discussed the benefits of investing in the middle market equities space, the future of retail and other interesting topics. Daily rhythm: Can you please talk about Blue Vista and the nature of …
Is Demand For Inflation Hedge Commodity- Gold Returning?
“Gold is eternal. It is beautiful, useful and never wears out. No wonder gold has been prized above all else, at all ages, as a store of value that will survive the trials of life and the ravages of time. – James Blakeley Gold and other precious metals have long been a storehouse of wealth …
HIG Capital completes strategic investment in Grupo Ransa
Content of the article BOGOTà – HIG Capital (“HIG”), one of the world’s leading alternative investment firms with over $ 45 billion in equity under management, is pleased to announce that one of its subsidiaries has completed the acquisition of a majority stake in Grupo Ransa (“Ransa†or the “Companyâ€), a leading player in third …
Britain could run out of warehouse space within a year
UK could run out of warehouse space within a year as supply chain disruption and online shopping boom push demand to record highs, real estate agent Cushman & Wakefield. Available warehouse space in the UK has fallen below 50m², the lowest level since Cushman started tracking the industry in 2009. That’s roughly the same amount …
Cubs Hire Carter Hawkins With Decade-Long Pitching Failures in Mind – NBC Chicago
No Secret Why Cubs Are Calling Cleveland Braintrust For GM Originally Appeared On NBC Sports Chicago For a split second on Monday, it seemed obvious why the Cubs hired Carter Hawkins as their new general manager: Cleveland’s long track record of developing local pitchers. “Yeah, so the secret to developing pitching…” Hawkins said, getting the …
Psyched: 50 Listed Psychedelic Companies, Atai’s New Affiliate, PharmaTher Gets New Orphan Drug Designation – ATA (ATAI)
The week of psychedelics Atai launches a subsidiary “Precision psychiatry” Psychedelics Sector Reaches 50 Listed State-Owned Companies in the United States Pasithea Therapeutics to launch its first ketamine clinic in the UK PharmaTher Receives Orphan Drug Designation from FDA for Use of Ketamine in Complex Regional Pain Syndrome Pennsylvania gets psilocybin bill The Milestones Round …
Price Bailey unveils nine high profile promotions
Business and accounting firm Price Bailey announced nine senior promotions this month, including two new directors and seven senior executives. The appointments involve the promotion of Mark Roach to Corporate Director, Gemma Thake to Tax Director, Stacey Ellwood to Senior Finance Officer, Sarah Howarth to Senior Tax Officer, Simon Lovick to Executive corporate executive and …
VC Most Outstanding Asset Class for India in 2021: IVCA-Preqin
Despite the Covid-19 outbreak in 2020, India’s private equity and venture capital (PE-VC) industry has remained resilient. VC is arguably the most notable asset class this year for India, said an IVCA-Preqin fact sheet, launched as part of the Indian Private Equity and Venture Capital Association (IVCA ) of the Maximum India Conclave (MIC). Private …
Fleets receive advice on fuel economy in case of supply issues
Dated: 05 October 2021 | Author: Sean Keywood Guidance for fleets on fuel savings has been issued by software company Fleetcheck, in response to supply issues that are still reported in parts of the UK. Managing Director Peter Golding said the idea was to provide basic advice that company vehicle operators could adopt quickly and …
CD&R wins £ 7bn bidding battle for Morrisons
A US buyout group backed by former Tesco chief Sir Terry Leahy is set to take control of Morrisons supermarket after winning a shootout for the grocer on Saturday with a £ 7bn offer. Clayton, Dubilier and Rice (CD&R) triumphed with a 287 pence share offer – winning a single penny – after being pitted …
Veuling airline confirms new Cardiff-Paris connection
A new connection between Cardiff airport and Paris has been confirmed. Spanish low-cost airline Vueling will launch a twice-weekly service departing from the Welsh government-owned airport and Paris Orly from November. The airport has no longer been connected to Paris since the collapse of Flybe in 2019. This bi-weekly service results from the acquisition by …
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$ 90 worth of oil by the end of the year? Post-COVID oil supply cannot keep pace with post-COVID demand
Loren Steffy, UH energy researcher CULVER CITY, CA – APRIL 25: Oil rigs extract oil as crude oil price nearly hits … [+] $ 120 a barrel, prompting oil companies to reopen many wells across the country that were considered depleted and unprofitable decades ago when oil sold for one-fifth the price or less on …
Welsh security firm gets £ 600,000 to fund future growth
Welsh security firm is on the move after securing £ 600,000 in funding as Advantedge Commercial Finance found its operations restricted due to insufficient funds. The new financing solution gave them the confidence to continue to look to the future and drive their growth plans. Navigation Security Services is a recognized player in the security …
Water District asks court to stop Sage Ranch development | New
Challenging the Sept. 7 approval by the town of Tehachapi of the Sage Ranch project, the Tehachapi-Cummings County Water District filed a petition in Kern County Superior Court, claiming the town had violated several laws in the ‘State by approving the planned development. “The district’s accusations are both unfortunate and unfounded,” a city spokesman said …
Plan to expand the debt business with cutting edge products: Shantanu Sahai from Nomura
MUMBAI : The private equity debt financing market has seen a significant shift in recent months, with private equity firms making larger acquisitions, with valuations steadily rising since last year. In an interaction with mint, Shantanu Sahai, Managing Director and Head of Debt at Nomura, explained how the Japanese investment bank is stepping up its …
North American Farmers Facing Widespread Challenges
Cows eating hay in the barn of a dairy farm Thunder Bay – Business – Farmers face challenges. Dry conditions affected much of western Canada and the United States this summer. This means that for the first time in years, North American farmers are grappling with growing challenges on a large scale, according to a …
Wilton Shuts $ 236.6 Million Global Private Equity Fund
Wilton’s Commonfund Capital has closed its third global private equity fund, Common fund Capital Global Private Equity Partners III LP, at $ 236.6 million. The fund benefited from strong participation from existing limited partners as well as a number of new investors; limited partners included pensions, foundations, endowments, insurance companies, family offices and sophisticated clients …
How to Strengthen Trade and Labor Compliance Using Technology in the Context of Strengthening Customs Enforcement
Supply chain constraints, both expected and unexpected, continue to disrupt global trade and appear to be the new normal for the foreseeable future. As the world slowly recovers from the pandemic and material and labor constraints create unprecedented challenges for the supply chain, recent government actions are also generating often unexpected hurdles in the ” …
LYRA THERAPEUTICS, INC. : Change of Directors or Principal Officers (form 8-K)
Article 5.02. Departure of directors or certain officers; Election of directors; Appointment of certain officers; Compensatory provisions of certain agents. At September 12, 2021, the board of directors (the “board”) of Lyra Therapeutics, Inc. (the “Company”) appointed Jason cavalier as financial director, treasurer and secretary of the Company. Mr. Cavalier has also been appointed as …
PRESS RELEASE: The AURELIUS Group announces the opening of its Milan office and appoints Ludovico Denza as CEO of AURELIUS Italy
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Keyword (s): Miscellaneous The AURELIUS Group announces the opening of its Milan office and appoints Ludovico Denza as Managing Director of AURELIUS Italy 02- 09-21 / 08:00 The sender is solely responsible for the content of this advertisement. ————————————————– ————————————————– ——————- The AURELIUS group announces the …
Glasgow McVities factory owners reject bailout, shutdown
HOPES to save the historic McVitie’s factory in Glasgow and 472 jobs were dashed as the owners said they planned to proceed with the shutdown. Turkey-owned and UK-based Pladis said an alternative plan for a new cookie factory “does not present a viable alternative.” A report claimed the £ 50million cost of building a new …
Here’s who funds the PAC attacking Nina Turner – Sludge
A pro-Israel PAC with ties to the American Israel Public Affairs Committee (AIPAC) spends big to defeat progressive candidate Nina Turner in a special Ohio Democratic primary election for a seat in the State House of Representatives United representing a safe blue district. The Democratic Majority for Israel (DMFI) spent $ 738,000 to oppose Turner …
M&S ‘set to cut opening hours’ as supermarket bosses warn pingdemic staff crisis means shelves could stay EMPTY
BRANDS and Spencer may be forced to cut its opening hours as supermarket bosses warn the pingemia crisis could leave shelves EMPTY, it has been reported. Retailers have warned of a “massive disruption” in food supplies just hours before the prime minister is ready to ease most pandemic restrictions. 3 Marks and Spencer could reduce …
Marco Financial raises $ 82 million in debt, a fundraising fund to support small Latin American exporters
Small and medium-sized businesses in Latin America may find it difficult to obtain the funds they need to export their goods to the United States. It’s a gap Marco Financial seeks to bridge the gap through its technology-based risk assessment platform that can provide a better idea of who should receive loans. To continue its …
LTI reopens M&A playbook to expand into digital engineering
When LTI acquired digital engineering firm Cuelogic Technologies on June 16, it was the technology consulting firm’s first acquisition in 20 months. “We believe that rapid production is an essential condition for accelerated digitization in all sectors,” said Sanjay Jalona, CEO and Managing Director of LTI, in a press release last week. Cuelogic’s tools and …
Lack of engineering skills challenges UK electric vehicle market | Durability
While the headline says the newly adopted Germany targeting human rights abuses in global supply chains is “revolutionary” what it is, it certainly shouldn’t be. But nonetheless, today, June 11, 2021, the German Parliament ushered in a long-awaited shift to mandatory business compliance rules. After months of negotiations, German lawmakers finally pushed him to cross …
Worried that your GP is selling a stake? Here’s why you shouldn’t be.
Asset managers who buy stakes in other managers – transactions commonly referred to as GP stakes – have grown in number and size over the years, but limited partners have not always viewed these transactions positively. New data may be able to dispel some “stale” ideas about what happens when general partners sell stakes in …
R-number on the rise, Delta variant cases on the rise, world leaders pledge to roll out vaccine globally
These are the UK coronavirus stories you need to know today. The R number increases england R number increased between 1.2 and 1.4, compared to 1.0 and 1.2 last week. The latest range of growth was + 3% to + 6%, the Department of Health and Social Affairs (DHSC) said. The highest range was observed …
Candes, Reevoy, QuickSell, F5 and MediBuddy raise funds
Home appliance company Candes Technology Pvt Ltd said it had raised $ 3 million (Rs 21.9 crore) with funding led by Anuraag and Ruchirans Jaipuria and other family offices. Investors include Lotus Group Deputy Managing Director Nitin Passi and Dheeraj Jai of Redcliffe, the company said in a statement. Candes, which focuses on products such …
Korn Ferry Hires Investment Director for Los Angeles Fire Department and Police Pensions
June 7, 2021 – After an exhaustive search, Korn Ferry helped place Ray Joseph, vice chairman of Wilshire Associates, as the new investment manager of the $ 30 billion Los Angeles Fire and Police Pensions (LAFPP). Michael Kennedy, the client’s senior partner, led the assignment for the research firm. As of June 14, Mr. Joseph …
As California drought worsens, Biden administration cuts water supply, farmers struggle to compensate
The effects of the worsening drought in California hit farmers in the Central Valley earlier this week when federal officials ad they did not have enough water to supply many of their agricultural customers. Urban users south of San Francisco in Santa Clara County have seen their normal water deliveries cut in half. California ships …
Vanguard Group’s private equity retail push gets real as it launches buyer-beware products this summer to its brokerage accounts as prelude to selection for ‘suitability’ through its RIA
The $ 7.1 trillion manager based in Malvern, Pa., Will first sell the private shares of HarbourVest with stern warnings before becoming part of the portfolios of Vangaurd Personal Advisor Services. Note from Brooke: Virtually every asset manager and owner of RIA has had some form of Vanguard envy over the past twelve years. The …
City leaders worry about hidden costs of trade deals
Key leaders in the City of London have expressed concerns about the environmental impact of encouraging trade with distant countries after the UK moved closer to reaching a duty-free deal with the ‘Australia. Members of the FT’s City Network, a forum of more than 50 senior executives, have supported the UK’s efforts to open its …
Guernsey green finance products tailor-made for the US market – finance and banking
JTC Managing Director James Tracey and Ogier Partner Tim Clipstone discuss opportunities for Guernsey amid global uncertainty and how the island can lead the way with its ESG offering … With the dual effect of the election of Joe Biden to the White House and Democrats controlling both houses of Congress, as well as the …
Stock Market Live Updates: Sensex surges over 900 points, Nifty above 15,150 led by banks, financials
Supreme Court upholds IBC provisions on personal insolvency The Supreme Court has dismissed a plea by various promoter guarantors against lenders launching insolvency proceedings against them. The apex court has upheld the right of bankers to pursue insolvency proceedings against guarantors of companies facing insolvency resolution. The decision may impact promoters like Venugopal Dhoot, Anil …
Musk says scarcity of cell provide makes it tough to scale Tesla Semi manufacturing
Bloomberg One of many world’s best hidden fortunes is worn out in days (Bloomberg) – From his perch above Midtown Manhattan simply throughout from Carnegie Corridor, Invoice Hwang was quietly constructing one of many world’s best fortunes. Even on Wall Road, few individuals seen – till to have everybody all of a sudden do it. …
Jewar Airport will be named Noida International Airport; official logo revealed
The second airport in the National Capital Region will be officially known as Noida International Airport. The next airport will be located at Jewar in Greater Noida. Zurich International Airport and the Government of Uttar Pradesh also unveiled the official logo of Noida International Airport – a symbol that shows a Sarus Crane – the …
Jetcraft Commercial markets the sublease of 11 aircraft from airBaltic
Jetcraft Commercial, the commercial aircraft division of global aircraft trading company Jetcraft, has been selected to exclusively market the sublease of 11 airBaltic Dash 8-400 NextGen aircraft. Following the Latvian airline’s decision to focus its fleet solely on the Airbus A220, Jetcraft Commercial will offer an immediate sublease of 11 aircraft out of a total …
Lend wings to flight training organizations
Annual rentals for flight training schools, also known as flight training organizations (FTOs) at six new airports including Salem in Tamil Nadu, have been reduced to ₹15 lakhs from ‘several’ crores previously. This is to make the creation of FTOs more attractive. Two FTOs will be allocated slots at each airport for 25 years based …
Income rises while pre-tax profit falls at Mortgage Advisory Bureau
Mortgage Advice Bureau said it has demonstrated “resilience” in its final results for the year ended December 31, 2020. Revenue increased 3% to £ 148.3million from £ 143.7million in 2019. However, statutory profit before tax fell 16% to £ 14.9million, compared to £ 17.7million in 2019. Peter Brodnicki, Managing Director, said: “These results once again …
UGX. 110 billion paid in dividends-Stanbic Bank
Stanbic Bank Uganda (SBU) paid out a total of UGX 110 billion to its shareholders for fiscal 2019, continuing a long tradition of consistently positive revenues despite current challenges. At the height of the Covid-19 pandemic last year, the Bank of Uganda (BoU) ordered supervised financial institutions to defer all discretionary payments, including dividends, until …
Profits soar despite COVID at OakNorth ‘Entrepreneur Bank’
Former British Chancellor of the Exchequer Philip Hammon signed last January as an adviser to OakNorth. Photo: Frank Augstein / AP A British banking start-up advised by former Chancellor Philip Hammond saw its profits jump last year despite the COVID-19 pandemic. OakNorth Bank’s annual accounts, released on Monday, showed pre-tax profits rose 18% to £ …
KreditBee Raises Additional $ 70 Million in Series C Funding
Finnov, the holding entity of Bengaluru-based Fintech lending platform KreditBee, has raised an additional $ 70 million in a follow-up Series C from NewQuest Capital Partners and Motilal Oswal Private Equity, backed by TPG. The conclusion of this cycle led to the exit of most early stage investors. The holding entity had most recently raised …
Rate of interest cuts masks errors; future development is worrying
Low charges have shielded personal credit score markets from the burden of skyrocketing debt, but when the US Fed loses management over inflation, future development alternatives are prone to endure, in line with Dwight Scott, senior managing director and International Head of GSO-Blackstone. “We began with an over-leveraged market, and now we’re including extra leverage …
Lionbridge Applied sciences, a portfolio firm of HIG Capital, completes the sale of its synthetic intelligence division
NEW YORK–(BUSINESS WIRE) – HIG Capital (“HIG”), a number one world various funding agency with $ 43 billion in fairness beneath administration, is happy to announce the completion of the sale of the Synthetic Intelligence division of Lionbridge Applied sciences ( “Lionbridge AI”) to TELUS Worldwide (NYSE and TSX: TIXT), a subsidiary of the Canadian …
Enhance for security gear firm Scotgrip as Xmas will get on board
One of many North East’s main enterprise figures, George Xmas, has joined the newly renamed Banchory firm Scotgrip Worldwide and bought an 18% stake within the firm because it eyes abroad markets for brand spanking new development alternatives . Mr Xmas, 69, is now half proprietor of the corporate, previously Scotgrip UK, which makes a …