Investment banking

EMGA Secures a Commitment for USD 30.0 Million Senior Debt Finance for Citizens Development Business Finance PLC in Sri Lanka

Retrieved on: 
Wednesday, January 10, 2024

LONDON, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Emerging Markets Global Advisory LLP (EMGA), an investment bank specializing in emerging markets, has successfully secured a commitment for USD 30.0 million in senior debt finance for Citizens Development Business Finance PLC (CDB) based in Sri Lanka.

Key Points: 
  • LONDON, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Emerging Markets Global Advisory LLP (EMGA), an investment bank specializing in emerging markets, has successfully secured a commitment for USD 30.0 million in senior debt finance for Citizens Development Business Finance PLC (CDB) based in Sri Lanka.
  • EMGA originated, structured, and negotiated this financing arrangement, with the financial support provided by the U.S. International Development Finance Corporation (DFC).
  • We believe this marks a significant milestone, in being the first external funding commitment secured for a Sri Lankan NBFI in several years.
  • Jeremy Dobson, EMGA's Chief Operating Officer commentated, "CDB's strong financial standing enabled EMGA to navigate the prevailing macroeconomic headwinds in Sri Lanka to secure the commitment for this funding.

Intersect Power’s 828 MWp Lumina Solar Project in Texas Reaches Commercial Operation

Retrieved on: 
Thursday, January 11, 2024

Intersect Power, LLC, (“Intersect Power” or “Intersect”), announced the commercial operation of its Lumina Solar project, located in Scurry County, TX, on January 3, 2024.

Key Points: 
  • Intersect Power, LLC, (“Intersect Power” or “Intersect”), announced the commercial operation of its Lumina Solar project, located in Scurry County, TX, on January 3, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240111955839/en/
    Intersect Power's 828 MWp/640 MWac Lumina Solar Project in Scurry County, Texas, generates enough reliable solar energy to power more than 243,000 homes for one year.
  • (Photo: Intersect Power)
    The Lumina project generates 828 MWp/640 MWac of reliable solar energy, enough to power more than 243,000 homes for one year.
  • “Renewable energy is a critical piece of the overall American energy production story and Texas continues to lead the way in development and production,” said Sheldon Kimber, Intersect Power’s CEO.

Barclays establishes new Energy Transition Group to support clients on the path to net zero

Retrieved on: 
Thursday, January 11, 2024

Barclays today announces that it is establishing a new Energy Transition Group, within its Corporate and Investment Bank.

Key Points: 
  • Barclays today announces that it is establishing a new Energy Transition Group, within its Corporate and Investment Bank.
  • The new group will be responsible for providing strategic advice to clients as they explore potential energy transition opportunities.
  • “At Barclays, we have long believed the energy transition will effectively re-shape how businesses and the world are thinking about the transition to net-zero,” says Cathal Deasy, Global Co-Head of Investment Banking.
  • In 2020, Barclays announced its 2050 net zero ambition and subsequently set 2025 emissions targets for the Energy and Power sectors.

Wells Fargo Reports Fourth Quarter 2023 Financial Results

Retrieved on: 
Friday, January 12, 2024

Wells Fargo & Company (NYSE: WFC) has released its fourth quarter 2023 financial results.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) has released its fourth quarter 2023 financial results.
  • View the full release here: https://www.businesswire.com/news/home/20240111033488/en/
    The company will host a live conference call on Friday, Jan. 12, at 10:00 a.m. Eastern time.
  • Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Trivest Announces Promotions Across the Firm

Retrieved on: 
Tuesday, January 9, 2024

Trivest Partners (“Trivest” or the “Firm”) is pleased to announce the following promotions — a recognition of accomplishment that fully exemplifies the depth of talent and experience on the internally-grown Trivest team.

Key Points: 
  • Trivest Partners (“Trivest” or the “Firm”) is pleased to announce the following promotions — a recognition of accomplishment that fully exemplifies the depth of talent and experience on the internally-grown Trivest team.
  • Jonathan Schonfeld has been promoted to Principal within the Trivest Growth Investment Fund.
  • Prior to joining Trivest, Jonathan was an Associate at Hale Capital Partners and started his career in Investment Banking at Jefferies in New York.
  • Since joining Trivest in 2020, Stephanie has built relationships and sourced investment opportunities for Trivest in Canada.

MARSHBERRY RELEASES 2024 INSURANCE DISTRIBUTION MARKET REPORT - EUROPE

Retrieved on: 
Thursday, January 11, 2024

WOODMERE, Ohio, Jan. 11, 2024 /PRNewswire/ -- MarshBerry, a global M&A advisory firm for insurance brokers and wealth management firms, has released its inaugural European Insurance Distribution Market Report.

Key Points: 
  • WOODMERE, Ohio, Jan. 11, 2024 /PRNewswire/ -- MarshBerry , a global M&A advisory firm for insurance brokers and wealth management firms, has released its inaugural European Insurance Distribution Market Report .
  • The European insurance brokerage market is transforming at an incredible speed from fragmented to consolidated and from regional/national to international.
  • While U.S. insurance brokerage firms have become much more consolidated in recent years, much of Europe is still highly fragmented.
  • The European Insurance Distribution Market Report showcases:
    "As a preeminent industry consulting and advisory firm, MarshBerry knows the value of key data and insights to help brokerage owners across Europe stay current on the areas that affect their business," said John Wepler, MarshBerry Chairman & CEO.

MARSHBERRY RELEASES 2024 INSURANCE DISTRIBUTION MARKET REPORT - EUROPE

Retrieved on: 
Thursday, January 11, 2024

WOODMERE, Ohio, Jan. 11, 2024 /PRNewswire/ -- MarshBerry, a global M&A advisory firm for insurance brokers and wealth management firms, has released its inaugural European Insurance Distribution Market Report.

Key Points: 
  • WOODMERE, Ohio, Jan. 11, 2024 /PRNewswire/ -- MarshBerry , a global M&A advisory firm for insurance brokers and wealth management firms, has released its inaugural European Insurance Distribution Market Report .
  • The European insurance brokerage market is transforming at an incredible speed from fragmented to consolidated and from regional/national to international.
  • While U.S. insurance brokerage firms have become much more consolidated in recent years, much of Europe is still highly fragmented.
  • The European Insurance Distribution Market Report showcases:
    "As a preeminent industry consulting and advisory firm, MarshBerry knows the value of key data and insights to help brokerage owners across Europe stay current on the areas that affect their business," said John Wepler, MarshBerry Chairman & CEO.

Chris Sacks Joins Lochner as Vice President of Corporate Development

Retrieved on: 
Monday, January 8, 2024

Lochner, Inc. ( Lochner ), a leading provider of infrastructure planning and engineering services, is pleased to announce that Chris Sacks has joined Lochner as Vice President of Corporate Development, reporting to the company's Chief Operating Officer and Chief Financial Officer Jim Doyna.

Key Points: 
  • Lochner, Inc. ( Lochner ), a leading provider of infrastructure planning and engineering services, is pleased to announce that Chris Sacks has joined Lochner as Vice President of Corporate Development, reporting to the company's Chief Operating Officer and Chief Financial Officer Jim Doyna.
  • "We look forward to leveraging Chris' business acumen and strategic insights to further advance our position as an A/E industry leader."
  • Sacks brings to Lochner diverse M&A and investment experience spanning engineering, manufacturing, industrial technology, and business services.
  • He previously served as Investment Director for Re:Build Manufacturing, a domestically-focused industrial technology conglomerate.

Wells Fargo to Announce Fourth Quarter 2023 Earnings on Jan. 12, 2024

Retrieved on: 
Friday, January 5, 2024

Wells Fargo & Company (NYSE: WFC), as previously announced, will report its fourth quarter 2023 earnings results on Friday, Jan. 12, 2024, at approximately 7:00 a.m. Eastern time.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC), as previously announced, will report its fourth quarter 2023 earnings results on Friday, Jan. 12, 2024, at approximately 7:00 a.m. Eastern time.
  • In addition to being available on the company’s Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website at https://www.sec.gov .
  • View the full release here: https://www.businesswire.com/news/home/20240105362972/en/
    The company will host a live conference call on Friday, Jan. 12, at 10:00 a.m. Eastern time.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Consello Announces the Launch of Consello Experience, a Marketing and Brand Advisory Business

Retrieved on: 
Thursday, January 4, 2024

NEW YORK, Jan. 4, 2024 /PRNewswire/ -- Consello, the financial services advisory and strategic investing platform, is pleased to announce the launch of Consello Experience, a marketing and brand advisory business.

Key Points: 
  • NEW YORK, Jan. 4, 2024 /PRNewswire/ -- Consello, the financial services advisory and strategic investing platform, is pleased to announce the launch of Consello Experience, a marketing and brand advisory business.
  • The rapid transformation of today's marketing landscape means coveted consumer engagement and transactions are ever more challenging to capture.
  • Brands must seek ways to identify and convert on added effectiveness, efficiency, and leverage from their marketing investment.
  • Consello Experience builds on Consello's rapidly growing advisory businesses including M&A Advisory and Investment Banking, Investing, Growth and Business Development and Digital Assets Advisory.