Goldman Sachs

Dun & Bradstreet Announces Closing Of Its Initial Public Offering And Exercise In Full Of Option To Purchase Additional Shares

Monday, July 6, 2020 - 9:48pm

Dun & Bradstreet's shares of common stock began trading on the New York Stock Exchange under the ticker symbol "DNB" on July 1, 2020.

Key Points: 
  • Dun & Bradstreet's shares of common stock began trading on the New York Stock Exchange under the ticker symbol "DNB" on July 1, 2020.
  • Dun & Bradstreet intends to use the remaining net proceeds as set forth in the prospectus relating to the initial public offering.
  • Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Barclays acted as joint lead book running managers and representatives of the underwriters for the offering.
  • A registration statement relating to the offering was declared effective by the Securities Exchange Commission on June 30, 2020.

Arjun Raghavan New CEO of Partners Capital

Monday, July 6, 2020 - 1:00pm

LONDON, July 6, 2020 /PRNewswire/ -- Following the announcement of its succession plan at the end of 2019, Arjun Raghavan has assumed the CEO role of Partners Capital as at 1 July.

Key Points: 
  • LONDON, July 6, 2020 /PRNewswire/ -- Following the announcement of its succession plan at the end of 2019, Arjun Raghavan has assumed the CEO role of Partners Capital as at 1 July.
  • Arjun Raghavan joined Partners Capital in the London office in 2007 from a Goldman Sachs hedge fund spin-out and was promoted to Partner within three years of joining.
  • Arjun has played a critical role in evolving Partners Capital's investment strategy, known as the Partners Capital Risk Management Endowment Approach (PRMEA), as well as in founding and managing the firm's $4 billion flagship multi-asset class vehicle, The Master Portfolio.
  • Additional information on Partners Capital may be found at http://www.partners-cap.com
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Vir Biotechnology Announces Proposed Public Offering of Common Stock

Monday, July 6, 2020 - 12:00pm

In addition, Vir expects to grant the underwriters a 30-day option to purchase up to 930,000 additional shares of its common stock offered at the public offering price, less the underwriting discounts and commissions.

Key Points: 
  • In addition, Vir expects to grant the underwriters a 30-day option to purchase up to 930,000 additional shares of its common stock offered at the public offering price, less the underwriting discounts and commissions.
  • The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • Goldman Sachs & Co. LLC, BofA Securities, Cowen and Barclays are acting as joint book-running managers for the proposed offering.
  • Forward-looking statements contained in this press release include statements regarding, among other things, the timing, size and completion of the proposed public offering.

Arjun Raghavan New CEO of Partners Capital

Monday, July 6, 2020 - 8:00am

Partners Capital Investment Group LLP, the $30 billion global outsourced investment office, has announced that Arjun Raghavan has taken over from Stan Miranda as CEO, as of 1 July 2020.

Key Points: 
  • Partners Capital Investment Group LLP, the $30 billion global outsourced investment office, has announced that Arjun Raghavan has taken over from Stan Miranda as CEO, as of 1 July 2020.
  • LONDON, July 6, 2020 /PRNewswire/ -- Following the announcement of its succession plan at the end of 2019, Arjun Raghavan has assumed the CEO role of Partners Capital as at 1 July.
  • Arjun Raghavan joined Partners Capital in the London office in 2007 from a Goldman Sachs hedge fund spin-out and was promoted to Partner within three years of joining.
  • Arjun has played a critical role in evolving Partners Capital's investment strategy, known as the Partners Capital Risk Management Endowment Approach (PRMEA), as well as in founding and managing the firm's $4 billion flagship multi-asset class vehicle, The Master Portfolio.

Vertex Files Registration Statement for Proposed Initial Public Offering

Thursday, July 2, 2020 - 9:31pm

Vertex, Inc., a leading provider of tax technology and services, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.

Key Points: 
  • Vertex, Inc., a leading provider of tax technology and services, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.
  • The number of shares to be offered and the price range for the proposed offering have not yet been determined.
  • Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint lead book-running managers and as representatives of the underwriters for the proposed offering.
  • A registration statement relating to these securities has been filed with the SEC but has not yet become effective.

Accolade Announces Pricing of Initial Public Offering

Thursday, July 2, 2020 - 4:03am

SEATTLE, July 1, 2020 /PRNewswire/ -- Accolade, Inc. ("Accolade"), which provides personalized, technology-enabled solutions that help people better understand, navigate, and utilize the healthcare system and their workplace benefits,today announced the pricing of its initial public offering of 10,022,726shares of its common stock at a price to the public of $22.00per share.

Key Points: 
  • SEATTLE, July 1, 2020 /PRNewswire/ -- Accolade, Inc. ("Accolade"), which provides personalized, technology-enabled solutions that help people better understand, navigate, and utilize the healthcare system and their workplace benefits,today announced the pricing of its initial public offering of 10,022,726shares of its common stock at a price to the public of $22.00per share.
  • In addition, Accolade has granted the underwriters a 30-day option to purchase up to 1,503,408additional shares of common stock at the initial public offering price less the underwriting discount and commissions.
  • Goldman Sachs & Co. LLC, Morgan Stanley, and BofA Securities are acting as joint book-running managers for the offering.
  • The offering is being made only by means of a prospectus.

Lemonade Announces Pricing of Initial Public Offering

Wednesday, July 1, 2020 - 11:35pm

Lemonade, Inc. (Lemonade) today announced the pricing of its initial public offering of 11,000,000 shares of its common stock at a price of $29.00 per share.

Key Points: 
  • Lemonade, Inc. (Lemonade) today announced the pricing of its initial public offering of 11,000,000 shares of its common stock at a price of $29.00 per share.
  • Lemonade has granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of its common stock at the initial public offering price.
  • Goldman Sachs & Co. LLC, Morgan Stanley and Allen & Company LLC are acting as the managing bookrunners for the offering.
  • A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on July 1, 2020.

Mack Real Estate Credit Strategies Hires Priyanka Garg as Portfolio Management Head

Wednesday, July 1, 2020 - 7:00pm

Mack Real Estate Credit Strategies (MRECS) has hired Priyanka Garg as Managing Director to lead Portfolio Management efforts for the firm, a newly-created position to oversee its extensive debt portfolio, which includes whole loan, mezzanine loan, preferred equity and CRE debt securities investments across multiple vehicles.

Key Points: 
  • Mack Real Estate Credit Strategies (MRECS) has hired Priyanka Garg as Managing Director to lead Portfolio Management efforts for the firm, a newly-created position to oversee its extensive debt portfolio, which includes whole loan, mezzanine loan, preferred equity and CRE debt securities investments across multiple vehicles.
  • Priyanka brings more than 20 years of hands-on real estate investment management skills and experience to our organization.
  • Prior to this, Ms. Garg was a Principal at Westbrook Partners, a private equity real estate firm where she was responsible for investments across equity, debt, and opportunistic strategies.
  • Earlier in her career, Ms. Garg spent time at Perry Capital Real Estate Partners, Goldman Sachs and its Whitehall Real Estate Funds group.

AMJ Hall Global Comments on Data Provider Dun & Bradstreet as They Raise $1.7 Billion in an Upsized U.S. IPO

Wednesday, July 1, 2020 - 4:21pm

It managed to upsize the offering after initially marketing 65.75 million shares for $19 to $21 each, commented Peter Cross, Director of Institutional Trading at AMJ Hall Global .

Key Points: 
  • It managed to upsize the offering after initially marketing 65.75 million shares for $19 to $21 each, commented Peter Cross, Director of Institutional Trading at AMJ Hall Global .
  • A total of 47 companies have priced their share sale generating a combined $17.6 billion, data collected by AMJ Global Hall shows.
  • Goldman Sachs, Bank of America, JP Morgan and Barclays were leading underwriters on the Dun & Bradstreet IPO.
  • AMJ Hall Global helps protect the financial future of our clients by providing astute and well-researched investment solutions in mature and emerging markets.

GTreasury Captures Treasury Management Market Share in 2020 and Breaks Record for Positive Customer Support NPS Scores

Wednesday, July 1, 2020 - 2:00pm

Weve seen strong progress, both financially and operationally, at GTreasury throughout the first half of 2020, said Renaat Ver Eecke, CEO of GTreasury.

Key Points: 
  • Weve seen strong progress, both financially and operationally, at GTreasury throughout the first half of 2020, said Renaat Ver Eecke, CEO of GTreasury.
  • We consider this an affirmation of our expanded and more integrated risk management and treasury platform, as well as our commitment to ensuring customer success.
  • GTreasury has four key strategic pillars in 2020:
    Integrated treasury and risk management system: GTreasury has finalized the product integration from its acquisition of Visual Risk.
  • - Ecosystem: GTreasury is the first treasury and risk management system provider to partner with Goldman Sachs and its Transaction Banking platform .