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Alvarez & Marsal Tax Expands Across Asia Pacific Hiring James Badenach as Managing Director to Lead New Regional Offering

Retrieved on:

Monday, September 16, 2024

Alvarez & Marsal Tax (A&M Tax), an affiliate of leading global professional services firm Alvarez & Marsal (A&M), announced its expansion across the Asia-Pacific region (APAC) with the appointment of James Badenach as a Managing Director and Head of A&M Tax, APAC (ex-Australia).

Key Points:

Alvarez & Marsal Tax (A&M Tax), an affiliate of leading global professional services firm Alvarez & Marsal (A&M), announced its expansion across the Asia-Pacific region (APAC) with the appointment of James Badenach as a Managing Director and Head of A&M Tax, APAC (ex-Australia).
James brings over three decades of international corporate tax experience, including transfer pricing, controversy resolution, and Hong Kong profits tax to his role at A&M.
He specializes in international and Asia Pacific tax matters related to double tax treaties, the tax implications of regulatory and hybrid capital, cross border financial transactions and operational tax.
James is a member of the Institute of Chartered Accountants in Australia (ICAA) and was the former chair of the Capital Markets Tax Committee of Asia.

BlackRock Announces Expected Closing Date for Acquisition of Global Infrastructure Partners

Retrieved on:

Friday, September 13, 2024

Finance, Consulting, Banking, Accounting, Professional Services, BlackRock, Security (finance), Official List, Global Infrastructure Partners, Note, BLK, The International Stock Exchange, Acquisition, Euro, GIP

BlackRock, Inc. (NYSE: BLK) (“BlackRock”) today announced that it expects to close its previously announced acquisition of Global Infrastructure Partners (“GIP”) on October 1, 2024, subject to regulatory approvals and other customary closing conditions (the “GIP Transaction”).

Key Points:

BlackRock, Inc. (NYSE: BLK) (“BlackRock”) today announced that it expects to close its previously announced acquisition of Global Infrastructure Partners (“GIP”) on October 1, 2024, subject to regulatory approvals and other customary closing conditions (the “GIP Transaction”).
A direct wholly-owned subsidiary of BlackRock Funding, Inc. (“New BlackRock”), which is a wholly-owned subsidiary of BlackRock, will merge with and into BlackRock, with BlackRock surviving the merger as a direct wholly-owned subsidiary of New BlackRock.
New BlackRock will retain the ticker symbol “BLK,” and trading will continue uninterrupted on the New York Stock Exchange (the “NYSE”).
The Board and the executive officers of BlackRock will continue in their same roles at New BlackRock following the merger.

XMS Capital Partners Serves as Exclusive Financial Advisor to Liquid Bottles LLC on its Sale to Novvia Group

Retrieved on:

Friday, September 13, 2024

Finance, Consulting, Manufacturing, Professional Services, Packaging, XMS, Kelso & Company, Sale, XMS Capital Partners, Entrepreneurship, Glass, Bottled water

XMS Capital Partners, LLC (“XMS”) a global, independent financial services firm focused on providing M&A, corporate advisory and capital raising services, announced that it served as exclusive financial advisor to Liquid Bottles LLC (“Liquid Bottles” or the “Company”) on its sale to Novvia Group (“Novvia”), a global rigid container and life sciences packaging distributor.

Key Points:

XMS Capital Partners, LLC (“XMS”) a global, independent financial services firm focused on providing M&A, corporate advisory and capital raising services, announced that it served as exclusive financial advisor to Liquid Bottles LLC (“Liquid Bottles” or the “Company”) on its sale to Novvia Group (“Novvia”), a global rigid container and life sciences packaging distributor.
As a trusted supplier of plastic and glass packaging, Liquid Bottles serves a wide network of customers across diverse geographies and industries.
The Liquid Bottles management team will stay on with Novvia to drive the company forward in this next stage of evolution.
“We are excited about this new chapter for Liquid Bottles, and we appreciate the support of the XMS team in delivering this successful outcome for the Company,” said Justin Hertz, Co-Founder of Liquid Bottles.

Shore Capital Partners Announces 20 Portfolio Companies Named to the Inc. 5000 List of America's Fastest-Growing Private Companies

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Friday, September 13, 2024

Retail, Health, Business, Entrepreneur, Finance, Consumer, Consulting, Small Business, Commercial Building & Real Estate, Professional Services, Construction & Property, General Health, Veterinary, Food, Beverage, Growth, Development, Trust

Shore Capital Partners (“Shore” and “the firm”), a leading private equity firm specializing in growing lower middle-market businesses announced that 20 of its portfolio companies were named to the 2024 Inc. 5000 list of the fastest-growing private companies in America.

Key Points:

Shore Capital Partners (“Shore” and “the firm”), a leading private equity firm specializing in growing lower middle-market businesses announced that 20 of its portfolio companies were named to the 2024 Inc. 5000 list of the fastest-growing private companies in America.
The Inc. 5000 list ranks companies based on percentage revenue growth over a three-year period from 2021-2023, a mark of entrepreneurial success.
The 20 Shore portfolio company recipients underscore the firm's success and value creation strategy across industries and diverse businesses.
“We are incredibly proud to see 20 of our portfolio companies recognized on the Inc. 5000 list this year,” said Justin Ishbia, Managing Partner of Shore Capital Partners.

BerryDunn Principal Leah Shanahan Receives Certified Management Accounting Certification

Retrieved on:

Friday, September 13, 2024

Consulting, Accounting, Professional Services, Finance, IMA, Benchmarking, Certified Management Accountant, CPA, Certification, Culture, Learning, Principal, CMA

BerryDunn, a full-service assurance, tax, and consulting firm, is pleased to announce that Leah Shanahan, CPA , a Principal in the Outsourced Accounting Practice Group , is the first BerryDunn Principal to receive the Certified Management Accountant (CMA) designation, awarded by the Institute of Management Accountants (IMA), signifying excellence in financial accounting, strategic management, financial planning, analysis, control, decision support, and professional ethics.

Key Points:

BerryDunn, a full-service assurance, tax, and consulting firm, is pleased to announce that Leah Shanahan, CPA , a Principal in the Outsourced Accounting Practice Group , is the first BerryDunn Principal to receive the Certified Management Accountant (CMA) designation, awarded by the Institute of Management Accountants (IMA), signifying excellence in financial accounting, strategic management, financial planning, analysis, control, decision support, and professional ethics.
“By becoming the first BerryDunn Principal to receive this designation,” says Kathy Parker, CPA , Principal and Leader of the Outsourced Accounting Practice Group, “Leah demonstrates the values of expertise, innovation, and dedication.
“Through our strategic growth, we are focused on providing more robust services to clients that include reporting, benchmarking, and business consulting.
The CMA Certification has given me the opportunity to expand my skillset so the team can continue to help companies streamline their performance, domestically and abroad,” says Shanahan.

IDC Shows IT and Business Executives How to Understand and More Effectively Manage Enterprise Technical Debt

Retrieved on:

Friday, September 13, 2024

To help executives understand the profound impact of enterprise technical debt on their organizations, International Data Corporation ( IDC ) has developed a framework that outlines the critical steps required to measure and manage technical debt.

Key Points:

To help executives understand the profound impact of enterprise technical debt on their organizations, International Data Corporation ( IDC ) has developed a framework that outlines the critical steps required to measure and manage technical debt.
Over time, the idea of technical debt expanded beyond custom code to encompass broader technology-related decisions within organizations, giving rise to the concept of enterprise tech debt.
To learn more about enterprise technical debt and the concept of tech debt leverage, visit the IDC blog, Nailing Jell-O to the Wall: Can You Really Measure and Manage Enterprise Tech Debt?
Webinar details and registration can be found at IDC Webinars (zoom.us)
The IDC report, IDC PlanScape: Enterprise Tech Debt Leverage (Doc #US51849124), provides a detailed explanation of how to calculate enterprise tech debt leverage (ETDL) to establish a common language for discussing tech debt with the executive team and the board.

Wolters Kluwer Introduces BizFilings Podcast Series for Businesses Navigating U.S. Corporate Transparency Act Reporting Rule

Retrieved on:

Friday, September 13, 2024

Legal, Technology, Finance, Consulting, Banking, Accounting, Professional Services, Small Business, Software, Lung compliance, Beneficial ownership, Corporate transparency, Financial Crimes Enforcement Network, Small business, Imprisonment, CTA, BOI, Sales

Wolters Kluwer has developed a series of informative podcasts under its BizFilings brand to promote a greater understanding among owners of small business entities that are subject to the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting rule.

Key Points:

Wolters Kluwer has developed a series of informative podcasts under its BizFilings brand to promote a greater understanding among owners of small business entities that are subject to the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting rule.
The podcasts tackle some of the more complex data collection and filing requirements of BOI reporting to help foster greater clarity and compliance.
“Each year, small business owners, including those operating limited liability companies or corporations, must see to a number of year-end compliance tasks.
To date, only a small portion of the nearly 33 million businesses impacted by the reporting rule have filed their BOI details with FinCEN.

Engine Capital Sends Letter to Upwork’s Board of Directors Regarding Opportunities to Substantially Increase Shareholder Value

Retrieved on:

Friday, September 13, 2024

A lack of stability among the Company’s senior management team raises additional questions regarding Ms. Brown’s leadership.

Key Points:

A lack of stability among the Company’s senior management team raises additional questions regarding Ms. Brown’s leadership.
Furthermore, the current structure fails to properly account for the significant shareholder dilution as a result of stock-based compensation.
We firmly believe a tremendous amount of shareholder value can be unlocked if the Board acts with urgency to make necessary changes.
On behalf of Engine, we look forward to working with you to increase long-term shareholder value.

PG Forsta Hosts 13th Annual Community Day in South Bend and Around the Globe

Retrieved on:

Friday, September 13, 2024

Consulting, Technology, Professional Services, Health, Philanthropy, General Health, Other Philanthropy, Data Analytics, Software, Artificial Intelligence, Other Professional Services, DNA, City, Organization, McDonald House, Organic, Community, Press Ganey Associates

PG Forsta, the leading provider of experience measurement, data analytics and insights for healthcare and other complex industries, held its annual Community Day in South Bend, Ind.

Key Points:

PG Forsta, the leading provider of experience measurement, data analytics and insights for healthcare and other complex industries, held its annual Community Day in South Bend, Ind.
Community Day is PG Forsta’s annual day of service, when employees set aside their work duties to volunteer at various local charities and organizations.
Now as Press Ganey Forsta, and with employees spread across the globe, Community Day represents a $1,000,000 pledge by the company to support local organizations.
We look forward to building stronger relationships with community members.”
Over 230 PG Forsta employees volunteered at 22 organizations across South Bend.

Janus Henderson to Partner with Anemoy and Centrifuge on Its First Tokenized Fund

Retrieved on:

Friday, September 13, 2024

“We are thrilled to be collaborating with Janus Henderson and Centrifuge on this fund”, said Anil Sood, co-founder of Anemoy.

Key Points:

“We are thrilled to be collaborating with Janus Henderson and Centrifuge on this fund”, said Anil Sood, co-founder of Anemoy.
Janus Henderson is a trademark of Janus Henderson Group plc or one of its subsidiaries.
Janus Henderson Investors is the name under which investment products and services are provided by Janus Henderson Investors International Limited (reg no.
U.S. by SEC registered investment advisers that are subsidiaries of Janus Henderson Group plc; Canada through Janus Henderson Investors US LLC only to institutional investors in certain jurisdictions.