SVB

Tenet Raises $30M+ to Grow EV Financing Platform and Offer Free Smart Charging to All Customers

Retrieved on: 
Wednesday, November 15, 2023
Professional Services, Automotive, EV, Electric Vehicles, Alternative Energy, Energy, Finance, Fintech, Giant, Sale, Carbon, Florian Liegl, Silicon Valley Bank, EVS, Investment, CO2, Silicon, Jim Breyer, Progress Energy Inc, Growth, Electricity, SVB, First Citizens BancShares, Electric battery, Renewable energy, Tenet, Series

It will also scale TenetConnect, the company's newly launched digital renewable energy platform, which reduces charging costs on EV owners’ utility bills.

Key Points: 
  • It will also scale TenetConnect, the company's newly launched digital renewable energy platform, which reduces charging costs on EV owners’ utility bills.
  • Enrolled customers can connect their car with Tenet’s smart charging service to lower their EV charging costs by an estimated additional $40 per month.
  • "With its lower monthly rates and recent addition of smart charging, Tenet is helping me save nearly $1,500 per year on my EV ownership costs."
  • Tenet strategically leverages unique EV attributes for financing, including government tax credits, residual value data, and home charger installation.

Faes & Co Launches Private Credit Fund, Raising Up to $100M for Real Estate Bridging Finance in the US

Retrieved on: 
Tuesday, December 5, 2023
Fund, Faes, Oñate, Appetite, LendInvest, SVB, Nealcidion socium, Real estate, Financial services, Cayman Islands

SANTA MONICA, Calif., Dec. 5, 2023 /PRNewswire/ -- Faes & Co, an investment firm led by LendInvest plc founder Christian Faes, has launched its maiden private credit fund focused on the US real estate bridging finance market. The Faes & Co Income Fund intends to make use of the firm's extensive domain knowledge in the short-term mortgage market to provide investors with consistent, superior risk-adjusted returns.

Key Points: 
  • SANTA MONICA, Calif., Dec. 5, 2023 /PRNewswire/ -- Faes & Co , an investment firm led by LendInvest plc founder Christian Faes, has launched its maiden private credit fund focused on the US real estate bridging finance market.
  • The Faes & Co Income Fund intends to make use of the firm's extensive domain knowledge in the short-term mortgage market to provide investors with consistent, superior risk-adjusted returns.
  • The Fund will invest in loans originated by Faes & Co's own group company, F2 Finance , which was launched earlier this year.
  • It is also a very large and liquid market for building a diversified pool of asset-backed loans that provide a superior risk-adjusted return for investors."

First Citizens Announces Expanded Commitment to Communities in Northern California and Eastern Massachusetts

Retrieved on: 
Tuesday, November 14, 2023
FCB, Acquisition, Federal Deposit Insurance Corporation, Organization, Bank, Investment, Silicon, NCRC, Community, LMI, MAHA, Small business, Community Reinvestment Act, City, Health, Citizenship, Volksgemeinschaft, FDIC, Greenlining Institute, Quality of life, Commonwealth, SVB, First Citizens BancShares, CRA, Community Bank, N.A., Financial services, Real estate, Silicon Valley Bank, Boston

RALEIGH, N.C., Nov. 14, 2023 /PRNewswire/ -- First Citizens Bank today announced an amendment to its existing Community Benefits Plan agreement with the National Community Reinvestment Coalition (NCRC) and its members that extends the bank's longstanding community support to Northern California and Massachusetts following its March acquisition of Silicon Valley Bank.

Key Points: 
  • This new First Citizens commitment also comes in addition to the $16 billion Community Benefits Plan that First Citizens announced in February 2021.
  • "Silicon Valley Bank was an important component of the California economy and is now continuing to support the economy as a division of First Citizens Bank.
  • Now it's about implementation – and we look forward to working with First Citizens to ensure these investments reach communities of color."
  • Now operating as a division of First Citizens Bank, Silicon Valley Bank has resumed serving some of the world's most innovative companies and investors.

100+ Web3 Founders in Survey: Product-Market Fit and Timing Are Most Existential Challenges

Retrieved on: 
Thursday, November 9, 2023
Ethereum, Quantstamp, Decentralized finance, Compound, Committee, Cravath, Swaine & Moore, Harvard Club of Boston, NOT, SVB, Superstate, Marketing, PMF, House, ConsenSys, Cryptocurrency

WASHINGTON, Nov. 9, 2023 /PRNewswire/ -- Bloccelerate has completed a survey of 100+ Web3 founders, concluding that finding product-market fit (PMF) and managing product-market timing are the biggest existential challenges.

Key Points: 
  • WASHINGTON, Nov. 9, 2023 /PRNewswire/ -- Bloccelerate has completed a survey of 100+ Web3 founders, concluding that finding product-market fit (PMF) and managing product-market timing are the biggest existential challenges.
  • The survey covered 13 questions which elicited both open-ended responses and structured rankings of common challenges faced by web3 founders.
  • Responses to the survey reveal factual information (e.g., years in the industry), opinions (e.g., what is THE single most existential problem facing the space?
  • Last Friday, Bloccelerate hosted 140+ Web3 founders, investors, and experts at the Harvard Club of New York City to discuss the challenges and priorities captured in the survey results.

Augmedix Delivers 50% Revenue Growth and Expanded Gross Margins for Third Quarter of 2023

Retrieved on: 
Monday, November 6, 2023
Cloud, Adjustment, Churn, HITRUST, EBITDA, GAAP, Google Cloud, HCA Healthcare, API, Growth, Interest, SVB, Hospital, AI, SAN, Mobile phone, Video game, Cryptocurrency, Medical device, Pharmaceutical industry

“Growing adoption of Augmedix Live and Augmedix Notes drove 50% revenue growth and net revenue retention of 157%, while expanding gross margins by 390 basis points to 49.5%.

Key Points: 
  • “Growing adoption of Augmedix Live and Augmedix Notes drove 50% revenue growth and net revenue retention of 157%, while expanding gross margins by 390 basis points to 49.5%.
  • Dollar-based Net Revenue Retention was 157% for Health Enterprise customers compared to 130% in the third quarter of 2022 and 148% in the second quarter of 2023.
  • GAAP Operating Expenses were $10.2 million, compared to $9.0 million in the third quarter of 2022 and $10.0 million in the second quarter of 2023.
  • ET on Monday, November 6, 2023, to discuss its third quarter 2023 financial results.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Friday, October 27, 2023
Signature Bank, Banc of California, Action Replay, Sale, Defendant, FDIC, Treasury, Prior, Pressure, Report, PacWest Bancorp, Person, News, Court, Form 10-Q, Bank holding company, Ext, Silvergate, Complaint, Pomerantz, SVB, LLP, Silicon Valley Bank, District court, PWB, First Republic Bank, Central District, Fed, Federal, Safety, PacWest, Silvergate Bank, United States Department of the Treasury, Investment, Banq, Bank, Cryptocurrency, Security (finance), Bloomberg

NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

RBCx steps up support for founders in two high growth Canadian tech segments to fuel startup ecosystem growth & innovation

Retrieved on: 
Wednesday, November 1, 2023
Incubator, Mentorship, Health care, Life, Dwight (The Walking Dead), Tech, Royal Bank of Canada, Growth, SVB, Ecosystem, Filip, Cryptocurrency

Recognizing the unique needs of founders and scaling businesses in these segments, RBCx has strengthened its advisory bench with the appointment of four respected tech industry leaders to support clients in these spaces.

Key Points: 
  • Recognizing the unique needs of founders and scaling businesses in these segments, RBCx has strengthened its advisory bench with the appointment of four respected tech industry leaders to support clients in these spaces.
  • Their deep segment expertise and industry connectivity will be complemented by the tailored banking and capital solutions, and differentiated platform services RBCx provides to founders across every stage of their start-up journey.
  • "Tech companies operate with life cycles, business models and ecosystem environments that are unlike any other business that a traditional bank would be accustomed to.
  • To learn more about how RBCx supports tech entrepreneurs at each stage of their journey, visit rbcx.com/banking .

Lazard LTD Reports Third-Quarter and Nine-Month 2023 Results

Retrieved on: 
Thursday, October 26, 2023
Asset Management, Professional Services, Finance, Sale, Air Methods, Smurfit Kappa, Venator, Kimco Realty, Francisco Partners, Share repurchase, Conference, GAAP, Acquisition, BPEA, Endo International, AUM, Growth, C corporation, Service provider, SVB, BPEA EQT, Reata Pharmaceuticals, Weather, Medicine, Silicon, Telegraph Media Group, BD (company), Lazard, Investment, United Group, Asset management, The Weather Company, National CineMedia, BC Partners, Ferrero SpA, Bed Bath & Beyond, Beauty salon, Clothing, Financial services, Security (finance), Video game, Cryptocurrency, Insurance, Bank, Vistra Corp, Nutrinova, Fenofibrate

For a list of publicly announced Financial Advisory transactions on which Lazard advised in the third quarter of 2023, or continued to advise or completed since September 30, 2023, please visit our website at www.lazard.com/financial-advisory/transactions/ .

Key Points: 
  • For a list of publicly announced Financial Advisory transactions on which Lazard advised in the third quarter of 2023, or continued to advise or completed since September 30, 2023, please visit our website at www.lazard.com/financial-advisory/transactions/ .
  • For the third quarter of 2023, Asset Management operating revenue was $262 million, flat compared to the third quarter of 2022.
  • AUM as of September 30, 2023, was $228 billion, 5% lower than June 30, 2023, and 15% higher than September 30, 2022.
  • ET on October 26, 2023, to discuss the company’s financial results for the third quarter and first nine months of 2023.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Thursday, October 19, 2023
Signature Bank, Banc of California, Action Replay, Sale, Defendant, FDIC, Treasury, Prior, Pressure, Report, PacWest Bancorp, Person, News, Court, Form 10-Q, Bank holding company, Ext, Silvergate, Complaint, Pomerantz, SVB, LLP, Silicon Valley Bank, District court, PWB, First Republic Bank, Central District, Fed, Federal, Safety, PacWest, Silvergate Bank, United States Department of the Treasury, Investment, Banq, Bank, Cryptocurrency, Security (finance), Bloomberg

NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Barclays appoints Jed Brody as Head of Americas Healthcare Banking

Retrieved on: 
Thursday, October 19, 2023
Banking, Professional Services, Finance, Sale, Health care, Investment banking, Acquisition, ICU, SVB Securities, UnitedHealth Group, Health informatics, SVB, LHC, Advent International, CVS, Lehman Brothers, WellCare, Television, Barclays

Barclays today announces the appointment of Jed Brody as a Managing Director and Head of Americas Healthcare Banking.

Key Points: 
  • Barclays today announces the appointment of Jed Brody as a Managing Director and Head of Americas Healthcare Banking.
  • Mr. Brody will be based in New York, and report to Rick Landgarten, Global Head of Healthcare and Real Estate Investment Banking.
  • Other recent hires and appointments in Barclays’ Healthcare Investment Banking group include Jon Swope being appointed to the Healthcare Information Technology Banking team, and Maneet Singh and Evan Matlin being named Co-Heads of M&A Healthcare in the US.
  • In addition, Jim Birchenough was appointed as Chairman of Global Healthcare Investment Banking and Co-Head of Global Biopharma Investment Banking, Alexis de Rosnay as Co-Head of Global Biopharma Investment Banking and Chairman of Global Healthcare Investment Banking, and Jeff Ammerman as Global Head of Specialty Pharmaceuticals Investment Banking.