Goldman Sachs

Rockefeller Foundation's Economic Opportunity Coalition Announces New Chair & 3 Additional Fortune 500 Companies

Retrieved on: 
Friday, July 19, 2024

NEW YORK, July 18, 2024 /PRNewswire/ -- The Rockefeller Foundation announced today that John W. Rogers Jr., Chairman and co-CEO of Ariel Investments, LLC, has joined the Economic Opportunity Coalition's (EOC) Management Committee as Chair. In addition, the EOC is an innovative initiative that has received new procurement commitments from Edison International, Exelon Corporation, and Southern Company. The three companies join Xcel Energy, Micron, and Air Product in advancing the EOC's goal of partnering with the private sector to strengthen domestic supply chains and build wealth in underserved communities through targeted procurement practices. The new developments come ahead of the two-year anniversary event for the EOC next week.

Key Points: 
  • "Two years ago I announced the formation of the Economic Opportunity Coalition to bring together the strength of the public and private sectors to accelerate economic opportunity in communities of color and in all underserved communities," said Vice President Kamala Harris.
  • There is more work to be done—and we will continue to work together to unlock the economic potential of all Americans."
  • "By joining the Economic Opportunity Coalition, we look forward to building and expanding these partnerships."
  • For more information about the Economic Opportunity Coalition, a fiscally sponsored project of RF Catalytic Capital, Inc., visit: https://www.rockefellerfoundation.org/initiative/economic-opportunity-co... .

Amphenol Corporation to Acquire Mobile Networks Businesses From CommScope

Retrieved on: 
Thursday, July 18, 2024

Amphenol Corporation (NYSE: APH) today announced a definitive agreement to acquire CommScope’s (NASDAQ: COMM) mobile networks businesses for $2.1 billion in cash, subject to customary post-closing adjustments.

Key Points: 
  • Amphenol Corporation (NYSE: APH) today announced a definitive agreement to acquire CommScope’s (NASDAQ: COMM) mobile networks businesses for $2.1 billion in cash, subject to customary post-closing adjustments.
  • These combined businesses are currently expected to have full-year 2024 sales and EBITDA margins of approximately $1.2 billion and 25%, respectively.
  • “We are excited by the prospect of adding CommScope’s mobile networks businesses and their approximately 4,000 talented employees to the Amphenol family,” said Amphenol President and Chief Executive Officer, R. Adam Norwitt.
  • “CommScope provides mobile networks solutions, with advanced technologies in the areas of base station antennas and related interconnect solutions, as well as distributed antenna systems.

Betterment and Goldman Sachs Launch Industry-First Tax-Smart Bonds Portfolio

Retrieved on: 
Thursday, July 18, 2024

NEW YORK, July 18, 2024 /PRNewswire/ -- Betterment and Goldman Sachs Asset Management are excited to announce the launch of the Goldman Sachs Tax-Smart Bonds portfolio. This industry-first portfolio leverages Goldman Sachs' expertise in bond markets and Betterment's automation. The portfolio seeks to generate after-tax yield.

Key Points: 
  • NEW YORK, July 18, 2024 /PRNewswire/ -- Betterment and Goldman Sachs Asset Management are excited to announce the launch of the Goldman Sachs Tax-Smart Bonds portfolio.
  • The Goldman Sachs Tax-Smart Bonds portfolio is designed for Betterment clients in higher tax brackets, who want to access a tax-smart bond strategy which is potentially lower risk than equity investing.
  • "We are thrilled to collaborate with Goldman Sachs to bring an innovative bond portfolio to Betterment customers," said Sarah Levy, CEO of Betterment.
  • For more information about the Goldman Sachs Tax-Smart Bonds portfolio, please visit Betterment's website .

Asit Sen to Join ACP Capital Markets as Head of Energy Transition & Industrial Decarbonization

Retrieved on: 
Thursday, July 18, 2024

STAMFORD, Conn., July 18, 2024 /PRNewswire/ -- ACP Capital Markets is pleased to announce that Asit Sen has joined the firm as a Managing Director and Head of the Energy Transition & Industrial Decarbonization team.

Key Points: 
  • STAMFORD, Conn., July 18, 2024 /PRNewswire/ -- ACP Capital Markets is pleased to announce that Asit Sen has joined the firm as a Managing Director and Head of the Energy Transition & Industrial Decarbonization team.
  • In this role Mr. Sen will head a new strategy providing capital markets, strategic M&A and sustainable finance solutions to help global energy, power, industrials and other hard-to-abate sector clients in their transition journeys.
  • Mr. Sen joins from Bank of America where he served as a Managing Director, Head of Net Zero & Energy Transition Advisory within the Global Sustainable Finance Group.
  • Mark Bishop, Partner & Managing Director of ACP Capital Markets, stated, "We are excited to have Asit join our leadership team and a growing bench of seasoned bankers.

Brenmiller to Expand bGen™ Capabilities for AI Data Center Cooling Applications

Retrieved on: 
Thursday, July 18, 2024

Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global provider of thermal energy storage ("TES") solutions for industrial and utility markets, today announced that it will expand its proprietary technology’s capabilities and develop a Cold Thermal Energy Storage (“CTES”) solution for data center applications, called the bGen™ Cool.

Key Points: 
  • Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global provider of thermal energy storage ("TES") solutions for industrial and utility markets, today announced that it will expand its proprietary technology’s capabilities and develop a Cold Thermal Energy Storage (“CTES”) solution for data center applications, called the bGen™ Cool.
  • The rapid integration of artificial intelligence (“AI”) computing into enterprise systems is driving unprecedented demand for power.
  • Leveraging the bGen™’s core competencies, Brenmiller expects minimal investment is needed to adapt its existing proprietary TES technology to meet data center demand.
  • The bGen™’s modular design aligns with the data center industry’s trend toward prefabrication and modular (PFM) solutions, and its industry-leading fast-charging capabilities are well-suited to lower data center energy costs while delivering around-the-clock cooling and 24/7 operational reliability.

Madhive Completes Acquisition of Omnichannel Workflow Software Frequence

Retrieved on: 
Thursday, July 18, 2024

Madhive , the leading technology company for local Connected Television advertising (“CTV”), today announced that it has completed the acquisition of Frequence Inc, the premier omnichannel ad sales enablement and workflow software for local media companies and agencies.

Key Points: 
  • Madhive , the leading technology company for local Connected Television advertising (“CTV”), today announced that it has completed the acquisition of Frequence Inc, the premier omnichannel ad sales enablement and workflow software for local media companies and agencies.
  • Frequence's workflow software and media services empower local media companies such as Spectrum Reach, Hearst, and Beasley to manage and execute omnichannel digital marketing campaigns for local advertisers.
  • By integrating Frequence’s technology, we will streamline the planning and execution of local campaigns across multiple channels.”
    “Madhive’s acquisition of Frequence opens up new opportunities for our customers and their advertisers,” said Tom Cheli, CEO of Frequence.
  • “Over the past fourteen years, Frequence has become the leading omnichannel advertising sales platform through relentless innovation.

Kayne Anderson Real Estate Appoints Lee Levy as Senior Managing Director and Head of Real Estate Debt

Retrieved on: 
Thursday, July 18, 2024

BOCA RATON, Fla., July 18, 2024 /PRNewswire/ -- Kayne Anderson Real Estate today announced that Lee Levy has joined the firm as a Senior Managing Director and Head of Real Estate Debt.

Key Points: 
  • BOCA RATON, Fla., July 18, 2024 /PRNewswire/ -- Kayne Anderson Real Estate today announced that Lee Levy has joined the firm as a Senior Managing Director and Head of Real Estate Debt.
  • Kayne Anderson CEO and Kayne Anderson Real Estate Co-Founder and CEO Al Rabil commented, "Lee is a highly experienced and respected professional in our industry, with a long track record of successful execution.
  • Levy joins Kayne Anderson Real Estate with over 20 years of real estate debt experience.
  • "Since Kayne Anderson launched its real estate debt platform in 2014, I've followed its rapid growth to become one of the pre-eminent, specialized real estate debt platforms in the industry and a go-to partner for borrowers," said Mr. Levy.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Wednesday, July 17, 2024

TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05542 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05542 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable August 9, 2024 to shareholders on record as at July 31, 2024.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.

North American Financial 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Wednesday, July 17, 2024

TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually).

Key Points: 
  • TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually).
  • Distributions are payable August 9, 2024 to shareholders on record as at July 31, 2024.
  • Since inception Class A shareholders have received a total of $16.72 per share and Preferred shareholders have received a total of $11.30 per share inclusive of this distribution, for a combined total of $28.02.
  • The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

FINANCIAL 15 SPLIT CORP. Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Wednesday, July 17, 2024

TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annualized) and $0.07708 for each Preferred share ($0.925 annually).

Key Points: 
  • TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annualized) and $0.07708 for each Preferred share ($0.925 annually).
  • Distributions are payable August 9, 2024 to shareholders on record as at July 31, 2024.
  • Since inception Class A shareholders have received a total of $25.93 per share and Preferred shareholders have received a total of $11.74 per share inclusive of this distribution, for a combined total of $37.68.
  • Financial 15 invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.