Asset management

FG Financial Group, Inc. and FG Group Holdings Inc. Complete Merger

Retrieved on: 
Thursday, February 29, 2024
CFO, Asset management, Merchant bank, FGF, Cayman, FG

Mooresville, NC, Feb. 29, 2024 (GLOBE NEWSWIRE) -- FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) (“FG Financial”) and FG Group Holdings Inc. (“FG Group Holdings”) today announced that they have completed the previously announced merger pursuant to which FG Group Holdings merged with and into FG Group LLC, with FG Group LLC surviving as a wholly-owned subsidiary of FG Financial. In connection with the merger, FG Group Holdings’ stockholders received one share of FG Financial common stock in exchange for each share of FG Group Holdings common stock. Following the merger, FG Financial changed its name to Fundamental Global Inc. (“Fundamental Global” or the “Company”). The Company’s common stock and Series A cumulative preferred stock will continue to trade on the Nasdaq under the tickers “FGF” and “FGFPP,” respectively.

Key Points: 
  • Renamed to Fundamental Global Inc.
    Mooresville, NC, Feb. 29, 2024 (GLOBE NEWSWIRE) -- FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) (“FG Financial”) and FG Group Holdings Inc. (“FG Group Holdings”) today announced that they have completed the previously announced merger pursuant to which FG Group Holdings merged with and into FG Group LLC, with FG Group LLC surviving as a wholly-owned subsidiary of FG Financial.
  • In connection with the merger, FG Group Holdings’ stockholders received one share of FG Financial common stock in exchange for each share of FG Group Holdings common stock.
  • Following the merger, FG Financial changed its name to Fundamental Global Inc. (“Fundamental Global” or the “Company”).
  • FG Group Holdings shareholders were resoundingly in favor of this transaction, with 99.9% of the consents returned voting in favor of the plan of merger.

FG Financial Group, Inc. and FG Group Holdings Inc. Complete Merger

Retrieved on: 
Thursday, February 29, 2024
CFO, Asset management, Merchant bank, FGF, Cayman, FG

Mooresville, NC, Feb. 29, 2024 (GLOBE NEWSWIRE) -- FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) (“FG Financial”) and FG Group Holdings Inc. (“FG Group Holdings”) today announced that they have completed the previously announced merger pursuant to which FG Group Holdings merged with and into FG Group LLC, with FG Group LLC surviving as a wholly-owned subsidiary of FG Financial. In connection with the merger, FG Group Holdings’ stockholders received one share of FG Financial common stock in exchange for each share of FG Group Holdings common stock. Following the merger, FG Financial changed its name to Fundamental Global Inc. (“Fundamental Global” or the “Company”). The Company’s common stock and Series A cumulative preferred stock will continue to trade on the Nasdaq under the tickers “FGF” and “FGFPP,” respectively.

Key Points: 
  • Renamed to Fundamental Global Inc.
    Mooresville, NC, Feb. 29, 2024 (GLOBE NEWSWIRE) -- FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) (“FG Financial”) and FG Group Holdings Inc. (“FG Group Holdings”) today announced that they have completed the previously announced merger pursuant to which FG Group Holdings merged with and into FG Group LLC, with FG Group LLC surviving as a wholly-owned subsidiary of FG Financial.
  • In connection with the merger, FG Group Holdings’ stockholders received one share of FG Financial common stock in exchange for each share of FG Group Holdings common stock.
  • Following the merger, FG Financial changed its name to Fundamental Global Inc. (“Fundamental Global” or the “Company”).
  • FG Group Holdings shareholders were resoundingly in favor of this transaction, with 99.9% of the consents returned voting in favor of the plan of merger.

98Six Redevelopment Partners, LLC Names Wylie Nelson EVP of Data Center and Digital Infrastructure Investment

Retrieved on: 
Thursday, March 7, 2024
Data Management, Technology, Thought Leadership, Sustainability, Data Analytics, Logistics, Supply Chain Management, Recycling, Commercial Building & Real Estate, Environment, Construction & Property, Other Professional Services, Utilities, Urban Planning, REIT, Consulting, Alternative Energy, Energy, Transport, Professional Services, Networks, Investment, CO2, Shoulder, DNA, Partnership, Asset management

98Six Redevelopment Partners (“98six”), a bold new force in reshaping American infrastructure, is pleased to announce the addition of Wylie Nelson to their leadership team.

Key Points: 
  • 98Six Redevelopment Partners (“98six”), a bold new force in reshaping American infrastructure, is pleased to announce the addition of Wylie Nelson to their leadership team.
  • With a proven institutional capital investment track record at EdgeCore Digital Infrastructure and Zayo, Wylie brings a wealth of experience and expertise to 98Six.
  • He focuses on high-performance hyperscale and wholesale data center investments, fiber infrastructure, and collaborative initiatives with communities, utilities, and network providers.
  • I’m excited to leverage the firm’s deep redevelopment expertise in transforming America's power infrastructure," said Nelson.

Haptiq Redefines Potential for Businesses with Dynamic Rebrand

Retrieved on: 
Tuesday, March 5, 2024
Apps, Applications, Technology, Finance, Fintech, Banking, Other Technology, Professional Services, Business, Software, Asset Management, Fortune 500, Multimedia, Investment, Marketing, Growth, RPA, CFOS, Consultant, History, Cloud computing, Asset management

In response to the dynamic shifts across the sector, Haptiq will prioritize how businesses understand information and leverage software and digital solutions to accelerate growth and profitability.

Key Points: 
  • In response to the dynamic shifts across the sector, Haptiq will prioritize how businesses understand information and leverage software and digital solutions to accelerate growth and profitability.
  • Haptiq is set to redefine the potential for business with its advanced software solutions.
  • The name Haptiq signifies a commitment to supporting clients in bridging the human and technological divide between accessing information and taking meaningful action.
  • Grow : Haptiq can provide the expertise and solutions to help businesses grow, whether it’s customized technology development to marketing and product strategy implementation.

Weiss Asset Management is Unrelated to Weiss Multi-Strategy Advisers LLC

Retrieved on: 
Sunday, March 3, 2024
Asset Management, Professional Services, Finance, WAM, Asset management

Weiss Asset Management (“WAM”) is an investment manager based in Boston, Massachusetts founded by academic economist Andrew Weiss.

Key Points: 
  • Weiss Asset Management (“WAM”) is an investment manager based in Boston, Massachusetts founded by academic economist Andrew Weiss.
  • WAM is completely unrelated to Weiss Multi-Strategy Advisers LLC, which is based in New York and was founded by George Weiss.
  • There was a report today that Weiss Multi-Strategy Advisers plans to close operations in the near term.
  • Such closing will have no effect on WAM, which will continue seeking to provide value to its investors.

Essential Properties Realty Trust, Inc. Announces Executive Promotions

Retrieved on: 
Monday, February 26, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Sentinel, EVP, SVP, Asset management, Army, CFA, AJ, Head, Credit, Operation

Today, Essential Properties Realty Trust, Inc. (NYSE: EPRT) (the “Company” or “EPRT”) announced the promotion of two executives.

Key Points: 
  • Today, Essential Properties Realty Trust, Inc. (NYSE: EPRT) (the “Company” or “EPRT”) announced the promotion of two executives.
  • Pete Mavoides, the Company’s President and Chief Executive Officer, said, “These promotions highlight the impressive performance of two of our senior leaders and serve as recognition for their contributions over their many years with the Company.
  • Prior to joining EPRT, Mr. Peil served as the SVP and Head of Credit for Spirit Realty Capital, a publicly-traded net lease REIT.
  • Mr. Peil also worked within the investment division of Spirit Realty, sourcing and underwriting transactions in excess of $2 billion.

CI Financial Reports Financial Results for the Fourth Quarter of 2023

Retrieved on: 
Friday, February 23, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, EST, Asset management, ETF, Disclosure, Armand Assante, Offer, NBF, CIPC, CIO, Security (finance)

Month-end USD/CAD exchange rates of 1.3250, 1.3582, 1.3248, 1.3515, and 1.3540 for December 2023, September 2023, June 2023, March 2023, and December 2022, respectively.

Key Points: 
  • Month-end USD/CAD exchange rates of 1.3250, 1.3582, 1.3248, 1.3515, and 1.3540 for December 2023, September 2023, June 2023, March 2023, and December 2022, respectively.
  • Fourth quarter net loss attributable to shareholders was $63.5 million compared to a net loss of $12.4 million in the third quarter of 2023.
  • Fourth quarter total net revenues increased 16.1% to $715.6 million in the quarter from $616.5 million in the third quarter of 2023.
  • Fourth quarter total expenses increased 26.5% to $753.7 million in the quarter from $595.9 million in the third quarter of 2023.

Stoneweg US Honored with Prestigious Kingsley Excellence Awards for Exceptional Customer Experience

Retrieved on: 
Thursday, March 7, 2024
Asset management, Grace Livingston Hill, Superior, Database, Environment, NOI

ST. PETERSBURG, Fla., March 7, 2024 /PRNewswire/ -- Stoneweg U.S., LLC ("Stoneweg US"), a leading real estate investment and asset management firm, is proud to announce that 14 of its portfolio properties have been awarded the prestigious Kingsley Excellence Award. Presented by Grace Hill, these awards recognize companies that consistently surpass industry standards and deliver outstanding customer experiences.

Key Points: 
  • Presented by Grace Hill, these awards recognize companies that consistently surpass industry standards and deliver outstanding customer experiences.
  • To qualify for a Kingsley Excellence Award, property owners must demonstrate a commitment to excellence by managing 90% or more of the properties they own with vertically integrated property management.
  • Additionally, a property's resident satisfaction must exceed the Kingsley Index , the most comprehensive performance benchmarking database in the real estate industry.
  • Stoneweg US' recent attainment of the Kingsley Excellence Award underscores its steadfast commitment to providing outstanding resident experiences.

VINCI PARTNERS AND COMPASS ANNOUNCE BUSINESS COMBINATION, CREATING THE GATEWAY TO ALTERNATIVE ASSET MANAGEMENT IN LATIN AMERICA

Retrieved on: 
Thursday, March 7, 2024
Slate, Morgan Stanley, Goldman Sachs, HNWI, Simpson Thacher & Bartlett, Investment company, Investment, Asset management, Transaction, Risk, Event, Webcast, Ecosystem, Eastern Time Zone, Dial, LLP, LATAM, Credit

RIO DE JANEIRO, March 7, 2024 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners," "Vinci," "we," "us," or "our"), a leading alternative investment platform based in Brazil, announced today an agreement (the "Transaction") for a combination with Compass.

Key Points: 
  • RIO DE JANEIRO, March 7, 2024 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners," "Vinci," "we," "us," or "our"), a leading alternative investment platform based in Brazil, announced today an agreement (the "Transaction") for a combination with Compass.
  • "Over the last 28 years, we have built a strong reputation through our extensive distribution network and track record in Latin America.
  • Our shared vision includes offering the best Latin American investment solutions to global investors and providing global solutions to Latin American investors.
  • Vinci Partners will host a conference call on Friday, March 8, 2024 at 8:00 am (Eastern Time) to discuss the Transaction.

BOMI Launches Three New Property and Facility Management Course Updates

Retrieved on: 
Thursday, March 7, 2024
HVAC, Acquisition, City, Asset management, Property management, BOMA, MBA, Learning, CPVC, Safety, SME, REO, Insurance, Education

ANNAPOLIS, Md., March 7, 2024 /PRNewswire-PRWeb/ -- Building Owners and Managers Institute (BOMI), the premiere organization for property and facility management workforce development, is excited to launch three new course updates. Each coursebook now concludes with actionable steps, helping you implement what you've learned. These courses are part of the property and facility management designations offered by BOMI. In addition to the digital and print coursebook updates, we've introduced new microlessons, practice quizzes, knowledge checks, interactive infographics, and instructor resources for each course.

Key Points: 
  • Newly Revised: Asset Management & Design, Operation, and Maintenance of Building Systems, Part I and II
    ANNAPOLIS, Md., March 7, 2024 /PRNewswire-PRWeb/ -- Building Owners and Managers Institute (BOMI), the premiere organization for property and facility management workforce development, is excited to launch three new course updates.
  • These courses are part of the property and facility management designations offered by BOMI.
  • In addition to the digital and print coursebook updates, we've introduced new microlessons, practice quizzes, knowledge checks, interactive infographics, and instructor resources for each course.
  • The revised edition of Asset Management addresses the needs of contemporary property management professionals who often function as asset managers or collaborate closely with them.