Capital market

The Sterling Group Announces Promotions

Retrieved on: 
Tuesday, February 20, 2024

HOUSTON, Feb. 20, 2024 /PRNewswire/ -- The Sterling Group ("Sterling"), a Houston-based, operationally focused middle market private equity firm, is pleased to announce eight internal promotions: John Griffin and Meghan Leggett to Managing Director; Jared North to Managing Director, Sourcing; Johann Friese to Director; Anu George to Director, Fund Accounting; Aryan Sameri to Director, Commercial Diligence & Strategy; Jacob Broom to Principal, Private Credit; and Patrick Vocke to Principal.

Key Points: 
  • HOUSTON, Feb. 20, 2024 /PRNewswire/ -- The Sterling Group ("Sterling"), a Houston-based, operationally focused middle market private equity firm, is pleased to announce eight internal promotions: John Griffin and Meghan Leggett to Managing Director; Jared North to Managing Director, Sourcing; Johann Friese to Director; Anu George to Director, Fund Accounting; Aryan Sameri to Director, Commercial Diligence & Strategy; Jacob Broom to Principal, Private Credit; and Patrick Vocke to Principal.
  • In addition, Jenny Harris, current Managing Director, Private Credit, has been named Managing Director, Capital Markets for all of Sterling's investment strategies.
  • We are proud to celebrate those who have been promoted for their contributions to the firm," said Brad Staller, Partner at The Sterling Group.
  • To learn more about a career at The Sterling Group, please visit www.sterling-group.com/careers/ .

MPOWER Financing names Jatin Rajput, global financial services executive and fintech investor, as Chief Financial Officer

Retrieved on: 
Tuesday, February 20, 2024

WASHINGTON, Feb. 20, 2024 /PRNewswire/ -- MPOWER Financing ("MPOWER"), a mission-driven fintech firm and the leading provider of non-cosigned loans to promising students from around the world, today announced the appointment of Jatin Rajput as Chief Financial Officer (CFO). Rajput will step down from MPOWER's board and will be replaced by Rob Partlow, MPOWER's previous CFO, who is retiring from full-time work and will join MPOWER's Board of Directors.

Key Points: 
  • WASHINGTON, Feb. 20, 2024 /PRNewswire/ -- MPOWER Financing ("MPOWER"), a mission-driven fintech firm and the leading provider of non-cosigned loans to promising students from around the world, today announced the appointment of Jatin Rajput as Chief Financial Officer (CFO).
  • MPOWER initially retained a search firm to find the best lend-tech CFO on the planet.
  • "Jatin is already well-versed in MPOWER's business and brings a proven track record across financial services, technology, and social impact; we are thrilled to welcome him to our executive team.
  • His deep experience in international financial services, technology, and impact investing will be a vital asset as MPOWER rapidly expands globally.

Isabel Schnabel: From laggard to leader? Closing the euro area’s technology gap

Retrieved on: 
Saturday, February 17, 2024
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This paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation, first shows the need of climate-related capital requirements in the existing prudential framework.

Key Points: 
  • This paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation, first shows the need of climate-related capital requirements in the existing prudential framework.
  • We further show that relying on microprudential regulation alone would not be enough to account for the systemic dimension of transition risk.

Liberty Global Announces Intention to Spin-Off 100% of Sunrise to Shareholders

Retrieved on: 
Friday, February 16, 2024

Liberty Global Ltd. (Liberty Global) (NASDAQ: LBTYA, LBTYB and LBTYK) today announces its intention to spin-off 100% of Sunrise to Liberty Global shareholders.

Key Points: 
  • Liberty Global Ltd. (Liberty Global) (NASDAQ: LBTYA, LBTYB and LBTYK) today announces its intention to spin-off 100% of Sunrise to Liberty Global shareholders.
  • The transaction aims to maximize shareholder value by crystallizing the value of Sunrise, allowing shareholders to fully participate in the future growth and upside of both Sunrise and Liberty Global.
  • Liberty Global CEO Mike Fries commented: ‘The proposed spin-off of Sunrise to Liberty Global shareholders is aligned with our strategy of unlocking value by allowing our shareholders to directly participate in the future performance of Sunrise.
  • Liberty Global believes the spin-off will deliver significant benefits for both Liberty Global and Sunrise shareholders, including through:
    Distinct and compelling investment profiles appealing to broader, deeper investor bases including local Swiss/European investors as well as index/passive demand for Sunrise

WASTE CONNECTIONS ANNOUNCES PRICING OF $750 MILLION OF SENIOR NOTES

Retrieved on: 
Thursday, February 15, 2024

TORONTO, Feb. 15, 2024 /PRNewswire/ -- Following the previous announcement of the launch of a senior notes offering, Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") announced today that it has priced an underwritten public offering (the "Offering") of $750 million aggregate principal amount of its 5.000% Senior Notes due 2034 (the "Notes") at a price to the public of 98.835% of their face value.

Key Points: 
  • TORONTO, Feb. 15, 2024 /PRNewswire/ -- Following the previous announcement of the launch of a senior notes offering, Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") announced today that it has priced an underwritten public offering (the "Offering") of $750 million aggregate principal amount of its 5.000% Senior Notes due 2034 (the "Notes") at a price to the public of 98.835% of their face value.
  • The Offering is expected to close on February 21, 2024, subject to customary closing conditions.
  • BofA Securities, J.P. Morgan, PNC Capital Markets LLC and Truist Securities are acting as joint book-running managers and underwriters for the Offering.
  • Copies of the prospectus supplement and the accompanying base prospectus for the Offering will also be available on the SEC's website at http://www.sec.gov .

Newmark Lands Leading National Affordable Housing Advisory Team

Retrieved on: 
Thursday, February 15, 2024

NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it has hired the team formerly with Affordable Housing Advisors (AHA) – a leading brokerage team and platform previously housed out of Marcus & Millichap.

Key Points: 
  • NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it has hired the team formerly with Affordable Housing Advisors (AHA) – a leading brokerage team and platform previously housed out of Marcus & Millichap.
  • The team, which will operate as Newmark Affordable Housing Advisors, or NAHA, is led by Vice Chairmen and Co-Heads of Affordable Housing, Andrew Daitch, Steven Miscavish, Seth Barnett and Matthew Kurzmann, who will tap into Newmark's extensive resources while continuing to provide expert market knowledge and advisory services to clients in the affordable housing industry.
  • Founded in 1987, AHA was one of the first brokerage groups to specialize in affordable housing, establishing themselves as the U.S. industry leader.
  • Steven Miscavish has over 22 years of industry expertise and leads the underwriting team that reviews more than 1,500 affordable housing properties annually.

ABVC BioPharma Executes a Definitive Agreement to Receive License Fees of $3M and Royalties of 2% on Future Revenues

Retrieved on: 
Thursday, February 15, 2024

The lease, SPI may build a long-term care center for the elderly, plant factories, and good agricultural practices (GAP) for botanical drug products and dietary supplements.

Key Points: 
  • The lease, SPI may build a long-term care center for the elderly, plant factories, and good agricultural practices (GAP) for botanical drug products and dietary supplements.
  • ABVC agrees to grant SPI a license to use the Know-How for the healthcare industry.
  • Under the agreement, SPI shall pay ABVC $3M as the license fee for the Know-How, in cash or stock, and royalties of 2% on SPI's revenues earned from projects on the Land.
  • The Land can be repurposed for commercial or residential development, which we believe will allow ABVC to maximize its value.

Waste Connections Announces Senior Notes Offering

Retrieved on: 
Thursday, February 15, 2024

TORONTO, Feb. 15, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") announced today that it plans to proceed, subject to market and other conditions, to offer senior notes (the "Notes") in an underwritten public offering (the "Offering").

Key Points: 
  • TORONTO, Feb. 15, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") announced today that it plans to proceed, subject to market and other conditions, to offer senior notes (the "Notes") in an underwritten public offering (the "Offering").
  • The Notes will be senior unsecured obligations of the Company.
  • Waste Connections intends to use the net proceeds from the Offering to repay a portion of the borrowings outstanding under its revolving credit facility and a portion of the term loan outstanding under its term credit facility, in each case provided under its credit agreement.
  • BofA Securities, J.P. Morgan, PNC Capital Markets LLC and Truist Securities are acting as joint book-running managers and underwriters for the Offering.

Options Technology Appoints Marlena Efstratopoulou as Chief Information Security Officer (CISO) to Lead Integrated Security Approach

Retrieved on: 
Thursday, February 15, 2024

Options Technology (Options), a trailblazer in Capital Markets infrastructure proudly announces the appointment of Marlena Efstratopoulou as the new Chief Information Security Officer (CISO).

Key Points: 
  • Options Technology (Options), a trailblazer in Capital Markets infrastructure proudly announces the appointment of Marlena Efstratopoulou as the new Chief Information Security Officer (CISO).
  • The decision to combine the roles of CRO and CSO reflects Options strategic shift towards a risk-driven security approach.
  • "In today's dynamic cybersecurity landscape, a comprehensive and integrated security approach is paramount," remarked Danny Moore, President, and CEO.
  • At Options, our services are woven into the hottest trends in global technology, including high-performance Networking, Cloud, Security, and AI (Artificial Intelligence).

KalVista Pharmaceuticals Announces Pricing of a $160.1 Million Public Offering of Common Stock and Pre-Funded Warrants

Retrieved on: 
Thursday, February 15, 2024

KalVista Pharmaceuticals, Inc. (Nasdaq: KALV) (“KalVista”) today announced the pricing of its underwritten public offering of (i) 7,016,312 shares of its common stock at a price to the public of $15.25 per share and (ii) pre-funded warrants to purchase 3,483,688 shares of common stock in lieu of KalVista common stock to certain investors.

Key Points: 
  • KalVista Pharmaceuticals, Inc. (Nasdaq: KALV) (“KalVista”) today announced the pricing of its underwritten public offering of (i) 7,016,312 shares of its common stock at a price to the public of $15.25 per share and (ii) pre-funded warrants to purchase 3,483,688 shares of common stock in lieu of KalVista common stock to certain investors.
  • The gross proceeds to KalVista from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by KalVista, are expected to be $160.1 million.
  • In addition, KalVista has granted the underwriters a 30-day option to purchase up to an additional 1,575,000 shares of common stock at the public offering price, less underwriting discounts and commissions.
  • All of the shares of common stock and pre-funded warrants are being offered by KalVista.