Due diligence

Avpro, Inc. Appoints Donald Synborski Managing Director of Finance

Retrieved on: 
Thursday, March 25, 2021
Transportation, Aerospace, Manufacturing, Travel, Professional services, Advertising, Air, Communications, Transport, Other Professional Services, Finance, Corporate finance, Contract law, Criminal law, Due diligence, Business process management, Articles, Business, Economy

We are pleased to announce that Donald Synborski has joined the Avpro team as Managing Director of Finance.

Key Points: 
  • We are pleased to announce that Donald Synborski has joined the Avpro team as Managing Director of Finance.
  • Don brings over 30 years of equipment finance experience to Avpro .
  • In his new role, Don will interface with the aircraft lending community on a day-to-day basis, providing a full range of operational and financial solutions for our clients.
  • Dons extensive knowledge complements our existing client advisory services; our objective is to streamline the finance due diligence process on behalf of our clients, while enhancing the overall execution process.

Fomo Corp. Planned Acquisition Smartguard Awarded Substantial Contract

Retrieved on: 
Thursday, March 25, 2021
Articles, Contract law, Corporate finance, Criminal law, Due diligence, Fear of missing out, Government procurement in the United States, Law, Business

Chicago, IL, March 25, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. ( https://www.fomoworldwide.com/ - US OTC: ETFM) is pleased to announce that SmartGuard Energy ( https://smartguard-solutions.com/ ), currently under a Letter of Intent for acquisition by FOMO CORP., has recently been awarded a contract byone of the largest hospitality and gaming entities in the world.

Key Points: 
  • Chicago, IL, March 25, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. ( https://www.fomoworldwide.com/ - US OTC: ETFM) is pleased to announce that SmartGuard Energy ( https://smartguard-solutions.com/ ), currently under a Letter of Intent for acquisition by FOMO CORP., has recently been awarded a contract byone of the largest hospitality and gaming entities in the world.
  • SmartGuard Energy is in the process of completing its final due diligence and is expected to sign a Definitive Agreement with FOMO CORP. by April 15, 2021.
  • Said Bill Butler, CEO of SmartGuard Energy, LLC: "We are very pleased to have been awarded this contract with such a premier company.
  • This contract is reflective of the increase in business we are seeing as businesses are transitioning to clean, energy-efficient technologies.

Arcimoto Completes Due Diligence On New Manufacturing Plant

Retrieved on: 
Wednesday, March 24, 2021
Automotive, Automotive Manufacturing, General Automotive, Manufacturing, Commercial Building & Real Estate, Construction & Property, Alternative Vehicles, Fuels, Quality, Cars, Motor vehicles, Business, Arcimoto, FUV, Due diligence, Inspection, Ford Motor Company, Validation, Sustainable transport

The facility due diligence phase for Arcimotos first OEM-scale factory purchase is complete, said Arcimoto Chief Strategy Officer, Jesse Fittipaldi.

Key Points: 
  • The facility due diligence phase for Arcimotos first OEM-scale factory purchase is complete, said Arcimoto Chief Strategy Officer, Jesse Fittipaldi.
  • During the diligence phase we completed environmental inspections, city zone validation, and various production concepts.
  • Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system.
  • Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon.

Southern ITS International, Inc. Enters Letter of Intent to Acquire a One-Third Ownership Interest in Restorative Health & Wellness, Inc.

Retrieved on: 
Tuesday, March 16, 2021
Companies, Corporations, Corporate finance, Business, Contract law, Criminal law, Due diligence, General Electric

James Shipley, CEO of Southern ITS International, Inc., commented, "We are excited at the prospect of our investment in Restorative Health & Wellness and look forward to finalizing the stock for stock transaction.

Key Points: 
  • James Shipley, CEO of Southern ITS International, Inc., commented, "We are excited at the prospect of our investment in Restorative Health & Wellness and look forward to finalizing the stock for stock transaction.
  • We believe that it will become a leader in the skincare and wellness industry with products that restore and rejuvenate the human spirit."
  • Mr. Shipley added, "The closing of this transaction is subject to due diligence by both parties and the entering into of a definitive agreement.
  • As a holding company, Southern ITS International will be in the market to acquire a stake in various companies both public and private.

Aegion Confirms Receipt of Unsolicited Acquisition Proposal

Retrieved on: 
Friday, March 12, 2021
Articles, Business, Law, Contract law, Aegion, Centerview Partners, Shearman & Sterling, Board of directors, Shearman, Due diligence

ST. LOUIS, March 12, 2021 (GLOBE NEWSWIRE) -- Aegion (NASDAQ:AEGN) today confirmed that it has received an unsolicited non-binding proposal (the Proposal) from another party to acquire Aegion, subject to certain conditions, including due diligence.

Key Points: 
  • ST. LOUIS, March 12, 2021 (GLOBE NEWSWIRE) -- Aegion (NASDAQ:AEGN) today confirmed that it has received an unsolicited non-binding proposal (the Proposal) from another party to acquire Aegion, subject to certain conditions, including due diligence.
  • Aegions Board of Directors has not made any determination as to whether the Proposal constitutes or could reasonably be expected to result in a superior proposal under the terms of the Pending Merger Agreement.
  • There can be no assurance that any transaction or definitive agreement will result from this Proposal.
  • Centerview Partners LLC is serving as exclusive financial advisor to Aegion, and Shearman & Sterling is serving as legal counsel.

PitchBook Adds New Performance Datasets & Research to Strengthen Fund Manager Due Diligence Workflow

Retrieved on: 
Thursday, March 11, 2021
Finance, Money, Economy, Investment, Corporate finance, Private equity, Financial markets, Institutional Limited Partners Association, Institutional Investor, Due diligence, Investor, Alternative investment

This release is part of a broader initiative at PitchBook to provide increased transparency into alternative investment strategies and fund performance through the development of new datasets, tools and institutional research.

Key Points: 
  • This release is part of a broader initiative at PitchBook to provide increased transparency into alternative investment strategies and fund performance through the development of new datasets, tools and institutional research.
  • As institutional investors increase their focus on the alignment of interest and transparency with their private equity manager relationships, the depth of the fund manager diligence process has increased.
  • In recent years, ILPA (Institutional LPs Association) revised recommended diligence questions to include deeper inquiries on fund manager teams, including tenure, network and investment performance.
  • To support the growing fund manager due diligence process, PitchBook has added new datasets to GP person profiles within its platform.

Press release - MEPs: Companies must no longer cause harm to people and planet with impunity

Retrieved on: 
Thursday, March 11, 2021
Contract law, Corporate finance, Criminal law, Due diligence, Articles, Business, Law

The Commission has announced it will present its legislative proposal on the matter later this year.

Key Points: 
  • The Commission has announced it will present its legislative proposal on the matter later this year.
  • Parliament calls for additional measures, including a ban on importing products linked to severe human rights violations such as forced or child labour.
  • The rules should also apply to publicly listed SMEs and high-risk SMEs, which should receive technical assistance to comply with the requirements.
  • This new law on corporate due diligence will set the standard for responsible business conduct in Europe and beyond.

MaxDefense LLC Introduces Cybersecurity Transaction Advisory Services, Cyber-TAS, for Mergers & Acquisitions

Retrieved on: 
Wednesday, March 10, 2021
Cyberwarfare, Corporate finance, Articles, Computer security, Corporations, Computer network security, Contract law, Due diligence, Mergers and acquisitions, Cyber PHA, NIST Cybersecurity Framework

ATLANTA, March 10, 2021 /PRNewswire/ --MaxDefense LLC, a managed cybersecurity services provider, has launched a new cybersecurity due diligence offering, Cyber-TAS, aimed at private equity firms, investment bankers, transactional advisory firms, & business owners.

Key Points: 
  • ATLANTA, March 10, 2021 /PRNewswire/ --MaxDefense LLC, a managed cybersecurity services provider, has launched a new cybersecurity due diligence offering, Cyber-TAS, aimed at private equity firms, investment bankers, transactional advisory firms, & business owners.
  • Cybersecurity due diligence is a critical piece of the overall risk assessment in mergers and acquisitions.
  • With Cyber-TAS, MaxDefense enables buyers and sellers to avoid potential costly vulnerabilities through a target assessment of a company's cybersecurity posture with a risk mitigation plan for any vulnerabilities, improving buyer confidence.
  • Cyber-TAS features exhaustive assessments of any organization's cybersecurity posture and strategy.

Idaho Central Credit Union Selects ProcessUnity Vendor Risk Management

Retrieved on: 
Tuesday, March 9, 2021
Articles, Security, Academic disciplines, Risk management, Due diligence, Vendor, Cybersecurity rating, Vendor management system

CONCORD, Mass., March 09, 2021 (GLOBE NEWSWIRE) -- ProcessUnity , a leading provider of cloud-based applications for risk and compliance management, today announced that Idaho Central Credit Union (ICCU) has selected ProcessUnity Vendor Risk Management to automate and streamline its Third-Party Risk Management program.

Key Points: 
  • CONCORD, Mass., March 09, 2021 (GLOBE NEWSWIRE) -- ProcessUnity , a leading provider of cloud-based applications for risk and compliance management, today announced that Idaho Central Credit Union (ICCU) has selected ProcessUnity Vendor Risk Management to automate and streamline its Third-Party Risk Management program.
  • ProcessUnity Vendor Cyber Intelligence allows us to do this while providing management real-time visibility into our risk assessment progress.
  • ProcessUnity VCI integrates BitSights leading cybersecurity ratings with ProcessUnitys Vendor Risk Management platform to assist third-party risk teams with both pre-and post-contract vendor due diligence.
  • ProcessUnity Vendor Risk Management protects companies and their brands by reducing risks from third-party vendors and suppliers.

Corra Group is Renewing Activity on Custom Due Diligence Reports as Analysts Project an Increase in Mergers and Acquisitions

Retrieved on: 
Tuesday, March 2, 2021
Corporate finance, Articles, Corporations, Economy, Mergers and acquisitions, Corra, Due diligence, Diligence

EL SEGUNDO, Calif., March 2, 2021 /PRNewswire-PRWeb/ -- As analysts project an increase in mergers and acquisitions, Corra Group is preparing custom reports for due diligence and vendor relations on both the domestic and global level.

Key Points: 
  • EL SEGUNDO, Calif., March 2, 2021 /PRNewswire-PRWeb/ -- As analysts project an increase in mergers and acquisitions, Corra Group is preparing custom reports for due diligence and vendor relations on both the domestic and global level.
  • "With signs the economy is turning around, we are experiencing increased interest in our due diligence products," said Corra Group Co-Founder, Gordon Basichis.
  • "Corra Group provides concise custom due diligence reports that can assist any company with their ability in determining the viability of any venture," said Basichis.
  • BACKGROUND: Corra operates as Corra Group and Corra Global Research and specializes in employment screening and corporate research and due diligence.