Bloomberg

Dechert Strengthens M&A and Private Equity Capabilities with Addition of Brian Miner

Retrieved on: 
Thursday, February 29, 2024

NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Dechert LLP announced today the addition of Brian Miner as a partner in its corporate and securities practice group, further bolstering the firm's capabilities in middle market private equity and M&A.

Key Points: 
  • NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Dechert LLP announced today the addition of Brian Miner as a partner in its corporate and securities practice group, further bolstering the firm's capabilities in middle market private equity and M&A.
  • Miner joins Dechert from a New York-based law firm, where he served as co-chair of the M&A and securities group.
  • "Brian's breadth of experience advising private equity and other alternative asset management firms is directly aligned with our goal to deepen our private equity and M&A practice.
  • Our global team advises private equity, private credit and other alternative asset managers on flexible solutions at every phase of the investment life cycle.

Open Education Pioneer Taps Educational Video Platform to Boost Student Engagement; Increase Access to High-Quality Learning Materials

Retrieved on: 
Thursday, February 29, 2024

BOSTON, Feb. 29, 2024 /PRNewswire/ -- Boclips, the world's largest curated educational video distribution platform, today announced a new initiative designed to boost student engagement in college and high school courses using OpenStax high quality resources. Thanks to a new partnership with the social annotation platform Perusall, educators nationwide can now access Boclips' rich library of videos and podcasts aligned to OpenStax resources across a wide range of academic subjects.

Key Points: 
  • Using Perusall's platform, educators can annotate text, create assignments, ask students questions, and monitor engagement with material and videos to facilitate a more engaging learning experience.
  • "Today, it's more important than ever to find creative ways to expand access to video content that is relevant, accessible, and curated to suit a given curriculum.
  • Perusall shares our vision of expanding access to high-quality learning materials, and we look forward to collaborating with them in support of educators and learners nationwide."
  • He continues, "This partnership underscores our commitment to serving the needs and preferences of the students and instructors we serve."

Molex Launches Tender Offer for 3.900% Senior Notes due 2025

Retrieved on: 
Thursday, February 29, 2024

The complete terms and conditions of the Offer are set forth in the Offer Documents.

Key Points: 
  • The complete terms and conditions of the Offer are set forth in the Offer Documents.
  • None of the Issuer, the dealer managers, the information agent, the tender agent, the trustee for the Notes, or any of their respective affiliates, makes any recommendation as to whether holders should tender Notes in response to the Offer.
  • Each holder must make his, her or its own decision as to whether to tender Notes and, if so, as to what principal amount of Notes to tender.
  • This press release shall not constitute an offer to buy or a solicitation of an offer to sell any Notes.

PANTHEON MACROECONOMICS FOUNDER IAN SHEPHERDSON NAMED CHAIRMAN

Retrieved on: 
Thursday, February 29, 2024

NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Pantheon Macroeconomics ("Pantheon") today announced new roles for three senior analysts, including Ian Shepherdson, Founder, who will serve as Chief Economist and Chairman of the Firm, a new position responsible for leading Pantheon's overall strategic growth and business development.

Key Points: 
  • NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Pantheon Macroeconomics ("Pantheon") today announced new roles for three senior analysts, including Ian Shepherdson, Founder, who will serve as Chief Economist and Chairman of the Firm, a new position responsible for leading Pantheon's overall strategic growth and business development.
  • In addition, Rob Wood has joined from Bank of America Merrill Lynch to take over as Chief UK Economist.
  • Ian Shepherdson is a double winner of the Wall Street Journal's annual US economic forecasting competition.
  • "I founded Pantheon in 2012 to create a leading independent macroeconomic research firm for financial markets professionals around the world.

PANTHEON MACROECONOMICS FOUNDER IAN SHEPHERDSON NAMED CHAIRMAN

Retrieved on: 
Thursday, February 29, 2024

NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Pantheon Macroeconomics ("Pantheon") today announced new roles for three senior analysts, including Ian Shepherdson, Founder, who will serve as Chief Economist and Chairman of the Firm, a new position responsible for leading Pantheon's overall strategic growth and business development.

Key Points: 
  • NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Pantheon Macroeconomics ("Pantheon") today announced new roles for three senior analysts, including Ian Shepherdson, Founder, who will serve as Chief Economist and Chairman of the Firm, a new position responsible for leading Pantheon's overall strategic growth and business development.
  • In addition, Rob Wood has joined from Bank of America Merrill Lynch to take over as Chief UK Economist.
  • Ian Shepherdson is a double winner of the Wall Street Journal's annual US economic forecasting competition.
  • "I founded Pantheon in 2012 to create a leading independent macroeconomic research firm for financial markets professionals around the world.

ICF Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 27, 2024

RESTON, Va., Feb. 27, 2024 /PRNewswire/ -- ICF (NASDAQ: ICFI), a global consulting and technology services provider, reported results for the fourth quarter and full year ended December 31, 2023. 

Key Points: 
  • Fourth quarter 2023 total revenue was $478.4 million, similar to the $475.6 million reported in the fourth quarter of 2022 and up 4.9% from last year's fourth quarter revenues adjusted for the divestitures.
  • Subcontractor and other direct costs were 27.0% of total revenues compared to 28.7% in last year's fourth quarter.
  • Fourth quarter 2023 net income and diluted EPS included $4.4 million, or $0.18 per share, in tax-effected net special charges.
  • Total backlog was $3.8 billion at the end of the fourth quarter of 2023.

Former Anglo American CEO Mark Cutifani Joins Diamond Standard Advisory Board

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Diamond Standard Co., developer of the world's only regulated and market traded natural diamond commodities, today announced that Mark Cutifani CBE, an influential mining executive, has joined the company's board of advisors.

Key Points: 
  • Anglo American is parent of De Beers, the leading diamond miner
    NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Diamond Standard Co. , developer of the world's only regulated and market traded natural diamond commodities, today announced that Mark Cutifani CBE, an influential mining executive, has joined the company's board of advisors.
  • As CEO from 2013 to 2022, Cutifani is credited with transforming Anglo American , one of the world's largest mining companies, where he delivered a fivefold increase in stock price.
  • Mr. Cutifani was formerly CEO of AngloGold Ashanti , a $7 billion market cap mining company producing gold, silver and uranium.
  • Diamond Standard has agreed to develop futures on MGEX via CME Globex and options on MIAX , and previously filed an ETF .

Former Anglo American CEO Mark Cutifani Joins Diamond Standard Advisory Board

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Diamond Standard Co., developer of the world's only regulated and market traded natural diamond commodities, today announced that Mark Cutifani CBE, an influential mining executive, has joined the company's board of advisors.

Key Points: 
  • Anglo American is parent of De Beers, the leading diamond miner
    NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Diamond Standard Co. , developer of the world's only regulated and market traded natural diamond commodities, today announced that Mark Cutifani CBE, an influential mining executive, has joined the company's board of advisors.
  • As CEO from 2013 to 2022, Cutifani is credited with transforming Anglo American , one of the world's largest mining companies, where he delivered a fivefold increase in stock price.
  • Mr. Cutifani was formerly CEO of AngloGold Ashanti , a $7 billion market cap mining company producing gold, silver and uranium.
  • Diamond Standard has agreed to develop futures on MGEX via CME Globex and options on MIAX , and previously filed an ETF .

Truckstop and Bloomberg Intelligence Survey Shows Spot Market Challenges Appear Near an End

Retrieved on: 
Tuesday, February 20, 2024

"The worst may be near for the North American truckload spot market," said Lee Klaskow, senior freight transportation and logistics analyst at Bloomberg Intelligence.

Key Points: 
  • "The worst may be near for the North American truckload spot market," said Lee Klaskow, senior freight transportation and logistics analyst at Bloomberg Intelligence.
  • "Capacity could drop as rates hover near or below operating costs, which is crucial for the spot market to reach equilibrium."
  • The Bloomberg | Truckstop 4Q23 Truckload Survey shows:
    Demand challenges may have hit bottom: Demand remained pressured in 4Q as 68% of respondents noted lower volume and 23% reported loads were flat.
  • The Bloomberg | Truckstop survey of owner-operators and small fleets provides timely channel checks into the health of the spot market.

BUXTON HELMSLEY NOMINATES FOUR HIGHLY QUALIFIED DIRECTORS TO FOSSIL GROUP BOARD TO HELP END YEARS OF SHAREHOLDER SUFFERING

Retrieved on: 
Tuesday, February 20, 2024

NEW YORK, Feb. 20, 2024 /PRNewswire/ -- The Buxton Helmsley Group, Inc. (together with certain of its affiliates, "BHG" or "we"), which has an approximate 1.4% interest in Fossil Group, Inc. ("Fossil" or the "Company") (NASDAQ: FOSL), today announced its intention to nominate four highly qualified director candidates to the Fossil Board of Directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders.

Key Points: 
  • Alexander Parker, Senior Managing Director at BHG, said, "Fossil is a beloved brand that has delighted millions of customers for years.
  • "Given the Board's abysmal judgement and failure to oversee management for years, the need for immediate change at Fossil is abundantly clear.
  • As a result, Buxton Helmsley is nominating four highly qualified directors with the required skillsets, financial and operational acumen, track records of creating shareholder value, and integrity to restore Fossil's credibility and rebuild trust with investors.
  • She is also Head of Strategy, Consulting at Seramount, a professional services and research firm committed to advancing high-performing, inclusive workplaces.