BNP Paribas

Primergy Secures $588M in Project Financing and Power Purchase Agreement with Microsoft for 408 MW Solar Project in Texas

Retrieved on: 
Monday, March 11, 2024
Green Technology, Environment, Other Science, Other Technology, Sustainability, Urban Planning, Finance, Other Construction & Property, Professional Services, Science, Other Natural Resources, Technology, Commercial Building & Real Estate, Other Energy, Construction & Property, Utilities, Alternative Energy, Natural Resources, Energy, Slate, Microsoft, Commerzbank, Organization, MUFG Bank, Solar energy, Norddeutsche Landesbank, Partnership, SMBC, BNP Paribas, Rabobank, Investment banking, Safety, KeyBank, Latham & Watkins, MUFG, PPA, Engineering, Renewable energy

Primergy Solar LLC (‘Primergy’), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill County, Texas.

Key Points: 
  • Primergy Solar LLC (‘Primergy’), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill County, Texas.
  • The company also signed a long-term power purchase agreement with Microsoft for the full capacity of the plant.
  • Once completed, the project is expected to generate enough carbon-free energy to power the equivalent of approximately 90,000 homes per year.
  • The Ash Creek Solar project debt financing includes a construction loan, tax credit transfer bridge loan, and related letters of credit.

CD&R to Acquire Presidio from BC Partners

Retrieved on: 
Tuesday, April 2, 2024
Microsoft, Partner, UBS, Citigroup, Palo Alto Networks, Growth, Partnership, LionTree, LLP, CD&R, BC Partners, Guggenheim Partners, Martha Plimpton, Cisco, BNP Paribas, Dell, Wells Fargo, Plex Systems, Kirkland & Ellis, RBC Capital Markets, Management

NEW YORK, April 2, 2024 /PRNewswire/ -- Clayton Dubilier & Rice ("CD&R" or the "Firm") and BC Partners today announced that they have entered into a definitive agreement under which funds affiliated with CD&R will acquire a majority ownership position in Presidio, a leading technology services and solutions provider, from BC Partners. As part of the transaction, funds affiliated with BC Partners will retain minority ownership interest in Presidio. Terms of the transaction were not disclosed.

Key Points: 
  • NEW YORK, April 2, 2024 /PRNewswire/ -- Clayton Dubilier & Rice ("CD&R" or the "Firm") and BC Partners today announced that they have entered into a definitive agreement under which funds affiliated with CD&R will acquire a majority ownership position in Presidio, a leading technology services and solutions provider, from BC Partners.
  • As part of the transaction, funds affiliated with BC Partners will retain minority ownership interest in Presidio.
  • BC Partners acquired Presidio in 2019, successfully delisting the Company from the Nasdaq in a $2.1 billion take private transaction.
  • Under BC Partners' ownership, Presidio initiated and completed a transformative growth plan, developing a leading cloud services business and expanding internationally.

Cambridge Wilkinson spins out BCB Equity Partners, an Independent Private Equity Firm

Retrieved on: 
Thursday, March 14, 2024
Final good, BBVA, Transport, Knight Capital Group, Bear Stearns, History, Distribution, BCB, BNP Paribas, CW, Raymond James Financial, Family office, Security (finance)

NEW YORK, March 14, 2024 /PRNewswire/ -- Cambridge Wilkinson ("CW" www.cambridgewilkinson.com ) is pleased to announce the spin out and full support of an affiliate, BCB Equity Partners ("BCB" www.bcbequitypartners.com ), an independent private equity firm which will pursue control and buyout transactions in the lower middle market.

Key Points: 
  • NEW YORK, March 14, 2024 /PRNewswire/ -- Cambridge Wilkinson ("CW" www.cambridgewilkinson.com ) is pleased to announce the spin out and full support of an affiliate, BCB Equity Partners ("BCB" www.bcbequitypartners.com ), an independent private equity firm which will pursue control and buyout transactions in the lower middle market.
  • BCB will be led by distinguished Wall Street veteran David Barcus as CEO; the Co-Founders of Cambridge Wilkinson, Rob Bolandian and Howard Chernin, will serve as Co-Chairmen.
  • He was previously affiliated with independent sponsor firm MTN Capital Partners, along with prior roles at Raymond James, BBVA, Knight Capital, BNP Paribas and Bear Stearns.
  • BCB will seek to complete transactions by leveraging CW's network of investors, as well as the personal contacts of its partners.

Zdeněk Sobotka's SOLEK is building its largest solar power plant Leyda. It will generate almost 200 GWh of green energy annually

Retrieved on: 
Tuesday, March 12, 2024
Power purchase agreement, Electricity, Growth, Natixis, Partnership, Sobotka, ENEL, Carbon, Plant, BNP Paribas, PV, PPA, Renewable energy

PRAGUE, March 12, 2024 /PRNewswire/ -- SOLEK, the company of Czech renewable energy pioneer Zdeněk Sobotka, is building its largest project to date.

Key Points: 
  • PRAGUE, March 12, 2024 /PRNewswire/ -- SOLEK, the company of Czech renewable energy pioneer Zdeněk Sobotka, is building its largest project to date.
  • The new plant will significantly contribute to the decarbonisation goals of the country representing an advance renewable energy market.
  • SOLEK is a leading energy company engaged in the design, construction and operation of solar power plants in Europe and Latin America.
  • By the end of 2023, the entire SOLEK Group had 486 MW of solar power plants connected or under construction.

Zdeněk Sobotka's SOLEK is building its largest solar power plant Leyda. It will generate almost 200 GWh of green energy annually

Retrieved on: 
Tuesday, March 12, 2024
Power purchase agreement, Electricity, Growth, Natixis, Partnership, Sobotka, ENEL, Carbon, Plant, BNP Paribas, PV, PPA, Renewable energy

PRAGUE, March 12, 2024 /PRNewswire/ -- SOLEK, the company of Czech renewable energy pioneer Zdeněk Sobotka, is building its largest project to date.

Key Points: 
  • PRAGUE, March 12, 2024 /PRNewswire/ -- SOLEK, the company of Czech renewable energy pioneer Zdeněk Sobotka, is building its largest project to date.
  • The new plant will significantly contribute to the decarbonisation goals of the country representing an advance renewable energy market.
  • SOLEK is a leading energy company engaged in the design, construction and operation of solar power plants in Europe and Latin America.
  • By the end of 2023, the entire SOLEK Group had 486 MW of solar power plants connected or under construction.

Business as usual: bank climate commitments, lending, and engagement

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Tuesday, April 2, 2024
Smoke, Carbon, Pillar, Worldwide, BPER, Employment, Disclosure, Economic methodology, LEI, Research Papers in Economics, CGD, Ibercaja Banco, Fossil, Mediobanca, Policy, UNEP, Crédit Mutuel, BBVA, Columbia Business School, Pari, Corporate finance, NBER, Principle, Agriculture, Société Générale, Insurance, Allied Irish Banks, Medical classification, Aluminium, Becker, Feedback, Central bank, Triodos Bank, Target, Prosocial behavior, Journal of Financial Economics, European Parliament, MIT, R2, Website, Behavior, Poisson, Human, UN, Climate, Crédit Agricole, United Nations, Transport, Coal mining, Syndicated loan, Investment, ABN AMRO, Politics, BSI, OLS, PDF, ECB, Unemployment, Econometrics, Ambition, Clutch (eggs), IEA, Social science, Engagement, JEL, Climate change, Risk management, Yb, Bias, Abanca, Research, Classification, UniCredit, A.5, NZIA, Divestment, Literature, IPCC, European Central Bank, AA, Geography, Natural gas, Green lending, Metal, The Borrowers, Elasticity, Stanford Social Innovation Review, Steven M. Greer, BMPS, Finance, Risk, Single, CaixaBank, PPML, BNP Paribas, European, Money, NLB Group, La Banque postale, Corporate welfare, Paris Agreement, A.2, ROW, OECD, Fraud, Coal, Frustration, Iron, Commerzbank, Bank of Åland, COP, Comparison, Overalls, All, Temperature, Banca Ifis, Conference, Pressure, Steel, International Energy Agency, United, Alpha Bank, Interest, SSRN, Justice, AAA, Deutsche Bank, Crawford, Science Based Targets initiative, GFANZ, Quarterly Journal, Rabobank, Hirschman, Effect, Carbon Disclosure Project, ESG, MSCI, Support, NZBA, Sierra Club, Map, Taxonomy, Q50, Banco Sabadell, Financial Times, Banco BPM, BPCE, Reproduction, Erste Group, Data, G21, Interval (mathematics), Cardboard
Key Points: 

    EQS-News: DOUGLAS Group plans Initial Public Offering (IPO) on Frankfurt Stock Exchange

    Retrieved on: 
    Wednesday, March 13, 2024
    Jefferies, Senior, Supervisory board, Deutsche Bank, Note, LFL, Growth, Bloom, UBS, ESG, CVC Capital Partners, IPO, Net income, UniCredit, LBBW, Banca Intesa, Economics, Goldman Sachs, Regulated market, RBI, Citigroup, Frankfurt Stock Exchange, BNP Paribas, PIK

    DOUGLAS Group, Europe’s number one omnichannel premium beauty destination, plans a public listing on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange

    Key Points: 
    • DOUGLAS Group, Europe’s number one omnichannel premium beauty destination, plans a public listing on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange
      IPO would accelerate the debt reduction and decrease the interest expenses of the company, thus enlarging the financial flexibility of the DOUGLAS Group and its further value creation
      Sander van der Laan, CEO DOUGLAS Group: “The DOUGLAS Group is ideally positioned to further capitalize on the large and resilient European premium beauty market.
    • The offering would comprise a public offering to individual and institutional investors in Germany as well as international private placements.
    • Following the completion of the IPO, CVC Capital Partners will continue to hold an indirect majority interest in DOUGLAS Group.
    • In the mid-term, the DOUGLAS Group has the ambition to grow group sales (net) at a CAGR of around 7%.

    Over 70 Hopeful Startups Primed for Hong Kong Mega Event of EPiC 2024 Grand Finale

    Retrieved on: 
    Wednesday, March 13, 2024
    Schneider Electric, Property technology, Growth, Commercial, ICC, Hewlett Packard Enterprise, Corporation, BNP Paribas, Jebsen Group, Ecosystem, HKT, Investment, XR, CVF, Chinachem, Henderson Land Development, HKR International, Partnership, Digital, Ingram Micro, Fintech, Task force, UBS, Epic, GBA, Limited, Silicon, New World Development, Grand Finale, International Commerce Centre, HKX, Partner (business rank), Kowloon Motor Bus, HSBC, Management

    This year, HKSTP has handpicked a star judging panel of leading figures from the Hong Kong innovation scene to determine the winners at EPiC 2024.

    Key Points: 
    • This year, HKSTP has handpicked a star judging panel of leading figures from the Hong Kong innovation scene to determine the winners at EPiC 2024.
    • The current Grand Finale final judges include:
      Ar Donald Choi, JP, Executive Director & Chief Executive Officer, Chinachem Group;
      Jonathan Chiu, Hong Kong President, Schneider Electric (Hong Kong) Limited.
    • Photo 1: HKSTP successfully completed regional Elevator Pitch Competition 2024 (EPiC) Hong Kong Semi-final on 29 February 2024, with 12 of the Hong Kong's brightest innovators selected to participate in EPiC 2024 Grand Finale on 26 April 2024.
    • Photo 2: HKSTP successfully completed regional Elevator Pitch Competition 2024 (EPiC) Stuttgart Semi-final on 4-5 March 2024, with 20 of the European brightest innovators selected to participate in EPiC 2024 Grand Finale on 26 April 2024.

    EQS-News: DOUGLAS Group sets price range for its IPO

    Retrieved on: 
    Wednesday, March 13, 2024
    CFO, Jefferies, Supervisory board, Deutsche Bank, Competition Commission, FMCG, GfK, Investment, Research, Management, Growth, Johnson & Johnson, Primary shares, UBS, Sale, Calendar, Beauty, Frankfurt Stock Exchange, IPO, CVC Capital Partners, Federal Financial Supervisory Authority, LBBW, Organization, Economics, Goldman Sachs, RBI, Citigroup, CVC, BNP Paribas, UniCredit, Intesa Sanpaolo, Security (finance)

    The price range implies a total market capitalization of between 2.8 billion euro and 3.1 billion euro.

    Key Points: 
    • The price range implies a total market capitalization of between 2.8 billion euro and 3.1 billion euro.
    • The German Federal Financial Supervisory Authority (BaFin) approved the securities prospectus for the public offer in Germany and listing of DOUGLAS today.
    • With our strong business model and successful growth strategy, the DOUGLAS Group is optimally positioned in a very attractive market.
    • Through Management Equity Programs, the members of the Executive Board as well as current and former managers of the DOUGLAS Group have indirectly invested in the company.

    Universal Tennis Foundation Names 2024 Hurd Award Champions

    Retrieved on: 
    Monday, March 11, 2024
    Indian Wells Masters, NCAA, UTR, Fouad Abiad, Female, Growth, Tennis, Peyton Stearns, ATP Tour, U.S. Open, University, GNU Hurd, WTA Tour, Ohio State University, YPI, ATP, Male, ITF, J. J. Wolf, Challenger, BNP Paribas

    Palo Alto, CA, March 11, 2024 (GLOBE NEWSWIRE) -- On Sunday, Ethan Quinn and Fiona Crawley were named Champions of the 2024 U niversal Tennis Foundation Hurd Awards .

    Key Points: 
    • Palo Alto, CA, March 11, 2024 (GLOBE NEWSWIRE) -- On Sunday, Ethan Quinn and Fiona Crawley were named Champions of the 2024 U niversal Tennis Foundation Hurd Awards .
    • Continuing in the tradition started by Mark Hurd and Oracle, the Universal Tennis Foundation Hurd Awards are player grants made possible by a gift from the Hurd family and are awarded annually to assist young American tennis players transitioning from college to professional competition.
    • In addition to the Hurd Award Champions, the Universal Tennis Foundation has partnered with the Youth Performance Institute (YPI) this year.
    • “We are excited to announce the very deserving 2024 Hurd Award recipients,” said Darcy Leschly, President of the Universal Tennis Foundation.