Barclays

Ellie McDonald and Jeannine Sargent Join G2 Venture Partners

Retrieved on: 
Wednesday, April 3, 2024
Environment, Climate Change, Finance, Professional Services, Business, Sustainability, Alternative Energy, Green Technology, Start-Up, Energy, Research, Flex, TEL Solar, Fortive, Growth, Princeton University, Synopsys, MIT, University, Harvard University, Climate, Operations research, Stanford University, MSIP, Investment, Chemical engineering, G2, Engineering, Power, Barclays, Renewable energy

G2 Venture Partners , a venture capital firm investing in transformative technology companies at their inflection points to build a sustainable future, today announced that Ellie McDonald and Jeannine Sargent have joined the firm.

Key Points: 
  • G2 Venture Partners , a venture capital firm investing in transformative technology companies at their inflection points to build a sustainable future, today announced that Ellie McDonald and Jeannine Sargent have joined the firm.
  • Ellie McDonald joins G2 Venture Partners as an Investor, having spent the past seven years working across investment and engineering disciplines.
  • Prior to joining G2, Ellie was a Private Equity Associate at Morgan Stanley Infrastructure Partners (MSIP), primarily investing in the energy and telecommunication sectors.
  • “We are thrilled to welcome the unique perspectives and deep experience that both Ellie and Jeannine bring to our talented team,” said Brook Porter, Founding Partner at G2.

Silver Lake to Take Endeavor Private

Retrieved on: 
Tuesday, April 2, 2024
General Sports, Sports, Finance, General Entertainment, Professional Services, Events, Concerts, Licensing (Sports), Entertainment, MSD, Barclays, Goldman Sachs, TKO, Simpson Thacher & Bartlett, Endeavor Group Holdings, EDR, Royal Bank of Canada, Latham & Watkins, Telecommunications, Committee, Partnership, WWE, Royal Bank, Lexington Partners, Cravath, Swaine & Moore, VWAP, Endeavor (company), Centerview Partners, Kirkland & Ellis, Bank of America, BofA Securities, Sport, Acquisition, RBC Capital Markets, Whitesell, Growth, IMG, BDT, Deutsche Bank, Bank, LLP, Mubadala Investment Company, Martha Plimpton, Music, UFC, Management

Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector.

Key Points: 
  • Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector.
  • On the unaffected date, the equity value was $8.2 billion, and the premium to be paid by Silver Lake represents $4.6 billion more equity value to all Endeavor stockholders.
  • Ariel Emanuel, CEO of Endeavor, said: "Since 2012, Endeavor’s strategic partnership with Silver Lake and Egon Durban have been central to our evolution into the global sports and entertainment leader we are today.
  • Egon, Stephen, and the broader Silver Lake team have been and will continue to be phenomenal partners in Endeavor’s journey, and we look forward to the road ahead.”
    Stephen Evans, Managing Director of Silver Lake and a Director of Endeavor, said: “The team at Silver Lake is proud of our longstanding partnership with Endeavor, marked by more than $3.5 billion of direct investment across six distinct transactions over 12 years.

Rubrik Files Registration Statement for Proposed Initial Public Offering

Retrieved on: 
Monday, April 1, 2024
Technology, Data Management, Security, Deutsche Bank, Wedbush Securities, Citigroup, Exchange, Goldman Sachs, Wells Fargo, Form, Telephone, Sale, Attention, Guggenheim Partners, Prospectus, BMO Capital Markets, KeyBank, Barclays, Security (finance)

Rubrik, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission related to a proposed initial public offering of its Class A common stock.

Key Points: 
  • Rubrik, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission related to a proposed initial public offering of its Class A common stock.
  • The number of shares to be offered and the price range for the proposed offering have not yet been determined.
  • A registration statement related to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.
  • These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

The Rawlings Group Announces Growth Investment from New Mountain Capital

Retrieved on: 
Tuesday, April 2, 2024
Insurance, Data Analytics, Finance, Health, Asset Management, Health Technology, Professional Services, Health Insurance, Growth, Private equity, Philosophy, Artificial intelligence, LLP, AI, DeBevoise, Martha Plimpton, Investment, Multimedia, Ropes & Gray, Barclays

The Rawlings Group (“Rawlings” or the “Company”), a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients, today announced a strategic investment from affiliates of New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with approximately $50 billion in assets under management.

Key Points: 
  • The Rawlings Group (“Rawlings” or the “Company”), a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients, today announced a strategic investment from affiliates of New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with approximately $50 billion in assets under management.
  • New Mountain is partnering with the Rawlings management team to support the next phase of growth for the Company, including investments in artificial intelligence, product development, and expansion into new markets and capabilities.
  • With the help of our new partners, the company will continue its growth and success on behalf of health insurers,” said Ryan Little, CEO of The Rawlings Group.
  • AMB Investment Bank served as financial advisor and Ropes & Gray LLP served as legal advisor to New Mountain Capital.

ZCG-Backed Unimed Appoints Simon Stadil as CFO

Retrieved on: 
Tuesday, April 2, 2024
Medical Supplies, Finance, Maritime, Transport, Banking, Professional Services, Health, Logistics, Supply Chain Management, Asset Management, Financial system, Growth, Ørsted (company), CFO, Copenhagen Business School, Knowledge, Welltec, Multimedia, Economics, Barclays, Silicon, Management

Universal Marine Medical Supply International (“Unimed” or the “Company”), the leading global provider of pharmaceutical and medical solutions to the maritime industry, today announced the appointment of Simon Stadil as Chief Financial Officer, effective April 1.

Key Points: 
  • Universal Marine Medical Supply International (“Unimed” or the “Company”), the leading global provider of pharmaceutical and medical solutions to the maritime industry, today announced the appointment of Simon Stadil as Chief Financial Officer, effective April 1.
  • “I’m thrilled to welcome Simon to the Unimed management team.
  • He is an ambitious and driven leader with diverse finance experience,” said Søren Andersen, CEO of Unimed.
  • Mr. Stadil has a B.Sc in economics and business administration as well as an M.Sc in finance and management accounting from Copenhagen Business School.

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend U. S. Steel Shareholders Vote “FOR” the Pending Transaction with Nippon Steel Corporation (NSC)

Retrieved on: 
Friday, March 29, 2024
Steel, Manufacturing, Institutional Shareholder Services, U.S. Steel, Glass Lewis, Goldman Sachs, CLF, USS, Proxy, Risk, Nippon Steel, Evercore, Cleveland-Cliffs, ISS, NSC, Barclays

S. Steel”) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that U. S. Steel shareholders vote “FOR” the pending transaction with Nippon Steel Corporation (“NSC”) (TSE: 5401) at the upcoming special meeting on April 12, 2024.

Key Points: 
  • S. Steel”) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that U. S. Steel shareholders vote “FOR” the pending transaction with Nippon Steel Corporation (“NSC”) (TSE: 5401) at the upcoming special meeting on April 12, 2024.
  • “There is no doubt that the offer represents a meaningful premium for shareholders resulting from a thorough and competitive sales process.
  • Importantly, U. S. Steel will retain its headquarters in Pittsburgh, Pennsylvania and together with NSC will bolster and grow U. S. Steel in the U.S. market in a way that prioritizes our talented employees and union members.
  • Milbank LLP and Wachtell, Lipton, Rosen & Katz are acting as legal advisors.

Boasting Highest Number of Unicorns in Europe, the U.K. Celebrates Startups with Limited-Time Statue in New York City

Retrieved on: 
Wednesday, March 27, 2024
Hardware, Other Communications, Start-Up, Technology, Finance, Marketing, Fintech, Advertising, Communications, Professional Services, Artificial Intelligence, Other Technology, Biotechnology, Software, Internet, Health, Solar, Starling Bank, Growth, Octopus Energy, Research, Revolut, Artificial intelligence, AI, DeepMind, Marshmallow, Breeding, Quantum, Cowboy, Rise, Government, Barclays, GREAT, Cryptocurrency

GREAT’s Ever-Changing Statue, created by British company HYPERVSN, serves as a monument to the Unicorn Kingdom, GREAT’s campaign to highlight the U.K.’s world-leading tech ecosystem.

Key Points: 
  • GREAT’s Ever-Changing Statue, created by British company HYPERVSN, serves as a monument to the Unicorn Kingdom, GREAT’s campaign to highlight the U.K.’s world-leading tech ecosystem.
  • See a full list of all founders featured on the statue here .
  • The country has generated more unicorn companies than France and Germany combined, with particular strengths in artificial intelligence, fintech, health and biotech.
  • Though the number of unicorns worldwide has increased to over 1,000, unicorns still represent less than 1% of all venture-backed startups .

EIG’s MidOcean Energy Completes Acquisition of Tokyo Gas’ Interests in Portfolio of Australian Integrated LNG Projects

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Environment, Oil, Gas, Environmental Health, Energy, Asset Management, Pluto, EIG, Natural gas, Shell, MidOcean Partners, JPMorgan Chase, Acquisition, White & Case, Barclays

MidOcean Energy (“MidOcean”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its previously announced agreement to acquire Tokyo Gas Co., Ltd’s (“Tokyo Gas”) interests in a portfolio of Australian integrated LNG projects.

Key Points: 
  • MidOcean Energy (“MidOcean”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its previously announced agreement to acquire Tokyo Gas Co., Ltd’s (“Tokyo Gas”) interests in a portfolio of Australian integrated LNG projects.
  • The acquisition includes Tokyo Gas’ interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects.
  • The portfolio benefits from experienced operators, including Chevron, Woodside and Shell, and spans the LNG value chain from upstream operations to midstream, liquefaction and sales.
  • As part of the transaction, MidOcean will open an office in Perth, Australia, to support and oversee the projects.

With Appointment of Roger Alexander as Advisor, Chargebacks911 Well Placed to Tackle APP Fraud

Retrieved on: 
Wednesday, March 27, 2024
Banking, Software, Mobile, Wireless, Professional Services, Online Retail, Fintech, Payments, Electronic Commerce, Technology, Security, Retail, Legal, Finance, Software as a service, Growth, Valitor, Fraud, PSP, Knowledge, Intuition, PSR, Caxton, UK Finance, APP, NED, Multimedia, ACI Worldwide, Riau rupiah, Government, Barclays, Cryptocurrency

Chargebacks911 , the leading chargeback technology platform, announced Wednesday the appointment of leading payments industry professional Roger Alexander as Advisor to the Board and CEO.

Key Points: 
  • Chargebacks911 , the leading chargeback technology platform, announced Wednesday the appointment of leading payments industry professional Roger Alexander as Advisor to the Board and CEO.
  • As the government looks to address APP fraud and other digital scam tactics, collaboration and innovation from service providers within the payments industry—including Chargebacks911—is desperately needed.
  • With over 36 years of payments experience, Alexander is poised to address the pressing challenges and opportunities facing the industry today.
  • "Fraud remains a constant challenge for organisations worldwide, but it also presents opportunities for innovative solutions," Alexander explained.

Barclays and Breeze Airways Unveil the Breeze Easy Visa Signature Co-Branded Credit Card

Retrieved on: 
Tuesday, March 26, 2024
Technology, Finance, Other Travel, Banking, Lodging, Professional Services, Destinations, Women, Travel, Other Transport, Men, Air, Transport, Payments, Vacation, Consumer, Breeze Airways, Congestion, Visa, Airway, Wi-Fi, Partnership, Neeleman, City, Restaurant, Drink, Atmosphere, Snack, Multimedia, Airport, Barclays, Airline

Breeze Airways and Barclays US Consumer Bank today announced the debut of the Breeze Easy™ Visa Signature® credit card.

Key Points: 
  • Breeze Airways and Barclays US Consumer Bank today announced the debut of the Breeze Easy™ Visa Signature® credit card.
  • “Combined with Barclays’ trusted track record with major travel brands, I’m confident the Breeze Easy Visa will be THE airline card of choice for Breeze guests and frequent travelers.”
    The Breeze Easy Visa Signature card is a partnership between Breeze Airways, one of the nation’s newest point-to-point airlines, Barclays, a leading co-branded credit card issuer, along with Visa, a world leader in digital payments.
  • Barclays is a leading co-branded credit card issuer and financial services partner in the United States, with more than 20 co-branded credit card programs, online savings accounts and personal loans.
  • “In fact, by doubling the BreezePoints earned for all Breeze purchases, we can confidently say the Breeze Easy Visa makes buying and flying with Breeze ‘Twice as Nice!”
    The Breeze Easy Visa Signature card benefits include:
    50,000 BreezePoints as an introductory sign-up bonus after spending $2,000 in the first 90 days of account opening.