Capital market

Business Leaders Are Embracing Private Equity Partners, Citizens Survey Finds

Retrieved on: 
Tuesday, April 2, 2024
Finance, Business, Banking, Professional Services, Human Resources, Partnership, Risk, Artificial intelligence, Financial management, Uncertainty, Capital market, Perception, Anxiety

Private equity entered 2024 ready to shop, and a study released today by Citizens reveals many business leaders may be open to making a deal.

Key Points: 
  • Private equity entered 2024 ready to shop, and a study released today by Citizens reveals many business leaders may be open to making a deal.
  • Nearly three quarters (72%) of small- and mid-size businesses in the U.S. view the private equity industry as a source of current or future partnership and funding, according to the survey.
  • “At Citizens, our advisors partner with corporate and PE clients every day to find solutions and execute transactions.
  • Consistent with the findings of the latest Citizens Business Conditions Index™ , the robust demand for labor indicates business conditions remain constructive despite lingering anxiety about rising costs.

Houlihan Lokey Expands Financial Sponsors Coverage Capabilities with Experienced Hire

Retrieved on: 
Tuesday, March 26, 2024
Banking, Professional Services, Finance, Deutsche Bank, Houlihan Lokey, Goldman Sachs, Houlihan, Food, Capital market, Financial services

“We are absolutely delighted that Val has chosen to bring her deep experience and extensive market relationships to the Houlihan Lokey team.

Key Points: 
  • “We are absolutely delighted that Val has chosen to bring her deep experience and extensive market relationships to the Houlihan Lokey team.
  • I am excited to partner with my colleagues in Financial Sponsors, Financial Restructuring, and Capital Markets to continue to deliver superior advice to our client base around the world,” said Ms. Shapiro.
  • Houlihan Lokey is among the leading advisors to alternative capital providers, and our Financial Sponsors Group is the largest of its kind.
  • Ms. Shapiro becomes the sixth professional within the Financial Sponsors Group delivering focused, bespoke advice to our global credit-oriented client base.

Barclays to Become the Official Banking Partner of WNBA’s New York Liberty

Retrieved on: 
Wednesday, March 27, 2024
Women, Sports, Finance, Banking, Professional Services, Consumer, Licensing (Sports), Basketball, WNBA Finals, Barclays Center, Organization, Partnership, Female, Athlete, New Yorker, Injection, Multimedia, Brooklyn Nets, Capital market, WNBA, Good Shepherd, Teaching, Sport

Barclays and New York Liberty today announced a new multi-year partnership in which Barclays will become the team’s Official Banking Partner, in a deal that includes marquee jersey patch placement beginning with the 2024 WNBA season.

Key Points: 
  • Barclays and New York Liberty today announced a new multi-year partnership in which Barclays will become the team’s Official Banking Partner, in a deal that includes marquee jersey patch placement beginning with the 2024 WNBA season.
  • View the full release here: https://www.businesswire.com/news/home/20240326399208/en/
    Barclays’ investment in the New York Liberty adds to the existing strong partnership with BSE Global and accompanies the bank’s existing Barclays Center naming rights and Brooklyn Nets team sponsorship.
  • “We are thrilled to welcome Barclays as the Liberty’s Official Banking Partner,” said Keia Clarke, New York Liberty CEO.
  • The commitment of Barclays allows the Liberty to continually grow our business and broaden our impact.

Ryan Sullivan Joins Lincoln Property Company as National Data Center Group Leader

Retrieved on: 
Tuesday, March 26, 2024
Professional Services, Business, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Lincoln, Landmark, Real estate, Organization, Digital Realty, GI Partners, Tenant, Acquisition, AI, University, Capital market, Property, Machine learning

Lincoln Property Company ("Lincoln"), a global, full-service real estate firm , announced that Ryan Sullivan has joined the company as Executive Vice President and National Data Center Group Leader, overseeing Data Center Investments and Capital Markets.

Key Points: 
  • Lincoln Property Company ("Lincoln"), a global, full-service real estate firm , announced that Ryan Sullivan has joined the company as Executive Vice President and National Data Center Group Leader, overseeing Data Center Investments and Capital Markets.
  • In this new role, Mr. Sullivan will be responsible for broadening the firm’s data center offering, by partnering with Lincoln’s national commercial and industrial platforms to identify and execute on data center opportunities across the country, including new investments, development, leasing and third-party services for institutional investors, data center operators and end users.
  • Mr. Peck, who founded the practice 15 years ago, will continue to serve as an advisor supporting both Lincoln’s legacy data center assets and the transition of the data center platform leadership to Mr. Sullivan.
  • John Greenwood and Brent Streetman, two leading experts within Lincoln’s national Data Center group, will directly report to Mr. Sullivan, who is based in Dallas.

Sangamo Therapeutics Announces Pricing of $24.0 Million Registered Direct Offering

Retrieved on: 
Friday, March 22, 2024
Health, Neurology, Genetics, Clinical Trials, Pharmaceutical, Biotechnology, AAV, Sangamo Therapeutics, Form, Telephone, Sale, Attention, Security (finance), Prospectus, Form S-3, Capital market, Cantor, Broadridge Financial Solutions, Therapy, Barclays

The combined offering price of each share of common stock and accompanying warrant is $0.84, priced at-the-market under Nasdaq rules.

Key Points: 
  • The combined offering price of each share of common stock and accompanying warrant is $0.84, priced at-the-market under Nasdaq rules.
  • The combined offering price of each pre-funded warrant and accompanying warrant is $0.83.
  • The gross proceeds to Sangamo from the offering, before deducting the placement agents’ fees and other offering expenses, are expected to be approximately $24.0 million.
  • The offering is expected to close on or about March 26, 2024, subject to customary closing conditions.

Bureau Veritas Targets a Step Change in Growth and Shareholder Returns

Retrieved on: 
Wednesday, March 20, 2024
Supply Chain Management, Consumer Electronics, Retail, Technology, Manufacturing, Other Technology, Other Manufacturing, Connectivity, Innovation, Growth, Environment, Urbanization, EPS, Digitalization, Knowledge, Climate, Bureau Veritas, DNA, History, Ethics, Biodiversity, Capital market, CSR, LEAP, Machine learning, Workplace, Artificial intelligence

Our new strategy, LEAP I 28, is a new chapter in our history as we aim to achieve a step change in our leadership and performance, both in terms of growth and shareholder returns.

Key Points: 
  • Our new strategy, LEAP I 28, is a new chapter in our history as we aim to achieve a step change in our leadership and performance, both in terms of growth and shareholder returns.
  • We are targeting mid-to-high single digit organic revenue growth, consistent adjusted operating margin improvement and double-digit shareholder returns based on EPS CAGR and dividend yield.
  • Bureau Veritas will actively manage its Portfolio to attain market leadership positions on prioritized and focused businesses.
  • As a service company, Bureau Veritas’ people skills and knowledge are critical to its market differentiation and business success.

Generational Capital Markets Advises Sundance Consulting in its Partnership with True Environmental

Retrieved on: 
Monday, March 18, 2024
Environmental Health, Banking, Professional Services, Public Policy, Government, Science, Other Energy, Utilities, Oil, Gas, Energy, Other Science, Research, State, Local, Sustainability, Other Professional Services, Environment, Finance, Consulting, Culture, Growth, Partnership, Capital market, M&A, GCM

Generational Capital Markets (GCM) Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce that its client Sundance Consulting, Inc. has joined with True Environmental, Inc. (a portfolio company of Halle Capital).

Key Points: 
  • Generational Capital Markets (GCM) Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce that its client Sundance Consulting, Inc. has joined with True Environmental, Inc. (a portfolio company of Halle Capital).
  • True Environmental (True), backed by Halle Capital, is a platform focused on building a consulting and engineering organization for environmental end markets.
  • True Environmental is led by Jim Stamatis, former CEO of Louis Berger and 30+ year industry veteran.
  • True seeks to partner with founder and employee-owned consulting and engineering firms to help provide capital solutions to accelerate growth and liquidity events for ownership transition.

Forge Global Appoints Capital Markets Veteran Larry Leibowitz to its Board of Directors

Retrieved on: 
Thursday, March 14, 2024
Professional Services, Data Management, Data Analytics, Technology, Software, Finance, Fintech, Credit Suisse First Boston, Princeton University, UBS, Acquisition, CS, Capital market, Compensated emancipation, CNDA, Cryptocurrency

Forge Global Holdings, Inc. (NYSE: FRGE) (“Forge”), a global private securities marketplace, announced today the appointment of Larry Leibowitz to its Board of Directors, as well as its Compensation Committee.

Key Points: 
  • Forge Global Holdings, Inc. (NYSE: FRGE) (“Forge”), a global private securities marketplace, announced today the appointment of Larry Leibowitz to its Board of Directors, as well as its Compensation Committee.
  • Mr. Leibowitz brings to Forge decades of entrepreneurial and corporate leadership experience in capital markets, financial technology and asset management.
  • He also served as Chief Operating Officer of Americas Equities at UBS, and was also Co-Chief Executive Officer of Schwab-Soundview Capital Markets in the early 2000s.
  • "Larry’s breadth of experience in capital markets, deep operational expertise and track record in leading scaled growth at global financial services and exchange organizations adds significant value to our board,” said Kelly Rodriques, CEO of Forge.

WSFS Announces Jamie Tranfalia as Senior Vice President and Senior Middle Market Team Leader

Retrieved on: 
Thursday, March 14, 2024
Banking, Asset Management, Professional Services, Finance, American Heart Association, Organization, Liberty, Humanity, Business administration, WSFS, USO, WSFS Bank, Senior, KeyBank, Biology, United States Air Force, Commerce, Capital market, Master of Business Administration, Community, Citizens Bank, Wells Fargo, Colorado State University

WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Jamie Tranfalia as Senior Vice President and Senior Middle Market Team Leader, reporting to Jim Gise, Senior Vice President, Middle Market, Syndications and Capital Markets.

Key Points: 
  • WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Jamie Tranfalia as Senior Vice President and Senior Middle Market Team Leader, reporting to Jim Gise, Senior Vice President, Middle Market, Syndications and Capital Markets.
  • In his role, Tranfalia will support and develop a team of Middle Market Relationship Managers to retain and deepen existing Middle Market relationships, acquire new relationships, and in general promote the WSFS Middle Market brand.
  • “We are excited for the experience and expertise Jamie brings to the Middle Market Team and our Customers,” said Gise.
  • “I look forward to helping grow WSFS’ market share and serving our Customers and their evolving needs.”
    Prior to joining WSFS, Tranfalia was Market President and Middle Market Team Leader at KeyBank, where he oversaw customer service and business development throughout Eastern Pennsylvania and Southern New Jersey.

Vintage Wine Estates Reports Second Quarter Fiscal 2024 Results

Retrieved on: 
Tuesday, March 12, 2024
Retail, Wine & Spirits, Second, Ageing, Sale, News, Capital market, DTC, VWE, Wine, Security, Inventory, Marketing

Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S., today reported its financial results for the three and six months ended December 31, 2023 ("second quarter fiscal 2024").

Key Points: 
  • Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S., today reported its financial results for the three and six months ended December 31, 2023 ("second quarter fiscal 2024").
  • Second quarter fiscal 2024 adjusted EBITDA1 was $(28.8) million compared with adjusted EBITDA of $5.0 million in the prior-year period.
  • Cash from operations in the second quarter was $11.9 million reflecting inventory reductions, aggressive efforts to collect receivables and carefully managing payables.
  • As previously disclosed, the Second A&R Loan and Security Agreement currently has principal amounts outstanding of $324.3 million at February 29, 2024.