BNP Paribas

Kenvue Announces Closing of Initial Public Offering

Retrieved on: 
Monday, May 8, 2023
Home Goods, Pharmaceutical, Medical Supplies, Finance, Health, Professional Services, Cosmetics, Retail, KVUE, Attention, Bank of America, HSBC, IPO, Inc., Deutsche Bank, Telephone, IMI, BofA Securities, ING, Intesa Sanpaolo, Bangladesh Securities and Exchange Commission, Sale, RBC Capital Markets, BNP Paribas, Prospectus, JNJ, Citigroup, BBVA, Johnson & Johnson, UBS, NYSE, J. P. Morgan, Broadridge Financial Solutions, Security (finance)

Kenvue Inc. (NYSE: KVUE) (“Kenvue”) the world’s largest pure-play consumer health company by revenue, today announced the closing of its initial public offering (“IPO”) of 198,734,444 shares of its common stock at a price to the public of $22.00 per share, including the underwriters’ full exercise of their option to purchase 25,921,884 shares to cover over-allotments.

Key Points: 
  • Kenvue Inc. (NYSE: KVUE) (“Kenvue”) the world’s largest pure-play consumer health company by revenue, today announced the closing of its initial public offering (“IPO”) of 198,734,444 shares of its common stock at a price to the public of $22.00 per share, including the underwriters’ full exercise of their option to purchase 25,921,884 shares to cover over-allotments.
  • Shares of Kenvue’s common stock began trading on the New York Stock Exchange under the symbol “KVUE” on May 4, 2023.
  • As of the closing of the IPO, Johnson & Johnson (NYSE: JNJ) owns approximately 89.6% of the total outstanding shares of Kenvue common stock.
  • Johnson & Johnson has publicly stated that it has an intention to dispose of its majority stake in Kenvue common stock in 2023, subject to market conditions.

Constellation Insurance Holdings announces its indirect subsidiary Ohio National Seguros de Vida S.A. acquires Zurich’s annuity business in Chile

Retrieved on: 
Monday, May 8, 2023
Constellation, Insurance, Zurich Insurance Group, Senior, ICR, CDPQ, BNP Paribas, Acquisition, Management

Since 1993, Ohio National Seguros de Vida S.A. has been providing life insurance solutions to protect individuals, families, and businesses across Chile.

Key Points: 
  • Since 1993, Ohio National Seguros de Vida S.A. has been providing life insurance solutions to protect individuals, families, and businesses across Chile.
  • Zurich is a leading multi-line insurer serving people and businesses in more than 200 countries and territories.
  • Founded 150 years ago, Zurich entered the Chilean market in 1991 when it acquired a majority participation on La Chilena Consolidada, a local insurance company founded in 1853.
  • BNP Paribas Securities Corp. served as financial advisor on the transaction to Constellation Insurance Inc.

atNorth Announces Shortlist Selection for Iceland at the Tech Capital Awards

Retrieved on: 
Monday, May 8, 2023
Natural Resources, Growth, BNP Paribas, Hope, Rest, CO2, Geography, Cryptocurrency, Renewable energy

REYKJAVÍK, Iceland, May 8, 2023 /PRNewswire/ -- atNorth the leading Nordic colocation, high-performance computing, and artificial intelligence service provider, has announced today that their Iceland entry has been shortlisted for the Tech Capital Location Award, the only annual prize to recognize a geography for its attractiveness and investor friendly climate when dealing with digital infrastructure investors.

Key Points: 
  • The leading data center operator submitted Iceland for the Tech Capital Location Award which aims to highlight geographical benefits to digital infrastructure investors.
  • As a result of these factors, Iceland has a reliable power supply and low energy costs, which makes it an ideal location for technology investment specifically.
  • atNorth continues to promote Iceland and the rest of the Nordic region in general as best in class locations for their state of the art data centers.
  • "We are thrilled that our entry for Iceland has been shortlisted by the Tech Capital Awards but we are not surprised as the conditions in Iceland for digital infrastructure are extremely favourable," says Gisli Kr., Chief Sales Officer, at AtNorth.

OFS Capital Corporation Announces First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 4, 2023
Asset Management, Professional Services, Finance, Small business, International, Domestic, Interest, BNP Paribas, OFS, PacWest Bancorp, Investment, SBIC, Financial adviser, Security (finance), Holding company

During the quarter ended March 31, 2023, no new loans were placed on non-accrual status.

Key Points: 
  • During the quarter ended March 31, 2023, no new loans were placed on non-accrual status.
  • For the quarter ended March 31, 2023, total investment income increased to $14.3 million from $14.0 million in the prior quarter, primarily due to an increase in dividend income.
  • OFS Capital will host a conference call to discuss these results on Friday, May 5, 2023, at 10:00 AM Eastern Time.
  • For more detailed discussion of the financial and other information included in this press release, please refer to OFS Capital’s Form 10-Q for the first quarter ended March 31, 2023.

Black & Veatch Expands Construction Solutions Through Acquisition of Bird Electric

Retrieved on: 
Thursday, May 4, 2023
Commercial Building & Real Estate, Construction & Property, Alternative Energy, Energy, Building Systems, Engineering, Manufacturing, Residential Building & Real Estate, EV, BV, Black & Veatch, Process, Georgia Department of Labor, Capstone Partners, BNP Paribas, Knowledge, Growth, Renewable energy, Hunting, Black

Black & Veatch announced today that it has acquired Bird Electric Enterprises and Bird Electric Properties both part of BASElectric Holdings, LLC (collectively known as Bird Electric).

Key Points: 
  • Black & Veatch announced today that it has acquired Bird Electric Enterprises and Bird Electric Properties both part of BASElectric Holdings, LLC (collectively known as Bird Electric).
  • Bird Electric is a U.S. self-perform electrical construction services provider to electric utility clients with a national reach in emergency power restoration – a key area Black & Veatch is focused on growing.
  • “The addition of Bird Electric and their operations is a historic event that builds upon Black & Veatch’s world-class capabilities and integrated solutions offerings,” said Mario Azar, Black & Veatch Chairman & CEO.
  • Bird Electric and Black & Veatch both have industry leading safety records, strong training programs and a solid geographic footprint.

Ares Management Serves as Lead Arranger and Junior Agent for $3 Billion in Financing to Support the Acquisition of Merchants Fleet by Bain Capital, ADIA and the Merchants Executive Team

Retrieved on: 
Thursday, May 4, 2023
Asset Management, Professional Services, Finance, Partnership, EV, Bain Capital, Alberta Investment Management Corporation, NYSE, BNP Paribas, ARES, Acquisition, ADIA, Merchant, Abu Dhabi Investment Council, Abu Dhabi Investment Authority, Ares, Alternative Credit Investments, Financial services

Direct Lending and Alternative Credit strategies served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet (the “Company”) as part of the acquisition by Bain Capital, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Merchants executive team.

Key Points: 
  • Direct Lending and Alternative Credit strategies served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet (the “Company”) as part of the acquisition by Bain Capital, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Merchants executive team.
  • BNP Paribas served as financing advisor and program agent for the financing.
  • Founded in 1962, Merchants is the fourth largest provider of fleet management services with over $2 billion in assets under management and over 175,000 managed commercial fleet units across North America.
  • “We appreciate the support and flexibility that Ares provided,” said Brendan P. Keegan, CEO of Merchants Fleet.

Johnson & Johnson and Kenvue Announce Pricing of Upsized Kenvue Inc. Initial Public Offering

Retrieved on: 
Thursday, May 4, 2023
Retail, Other Consumer, Health, Consumer, Other Retail, General Health, Exercise, Attention, Bank of America, HSBC, IPO, Deutsche Bank, Telephone, IMI, BofA Securities, ING, Bangladesh Securities and Exchange Commission, Sale, RBC Capital Markets, Goldman Sachs, BNP Paribas, Prospectus, JNJ, Citigroup, Form, BBVA, Security (finance), Johnson & Johnson, UBS, NYSE, J. P. Morgan, Broadridge Financial Solutions

Johnson & Johnson (NYSE: JNJ) and Kenvue Inc. (“Kenvue”), a wholly owned subsidiary of Johnson & Johnson, today announced the pricing of Kenvue’s upsized initial public offering (“IPO”) of 172,812,560 shares of Kenvue’s common stock at a price to the public of $22.00 per share.

Key Points: 
  • Johnson & Johnson (NYSE: JNJ) and Kenvue Inc. (“Kenvue”), a wholly owned subsidiary of Johnson & Johnson, today announced the pricing of Kenvue’s upsized initial public offering (“IPO”) of 172,812,560 shares of Kenvue’s common stock at a price to the public of $22.00 per share.
  • In addition, Kenvue has granted the underwriters a 30-day option to purchase up to an additional 25,921,884 shares of its common stock to cover over-allotments, if any.
  • Kenvue’s common stock has been approved for listing on the New York Stock Exchange under the symbol “KVUE” and is expected to begin trading on May 4, 2023.
  • The IPO is expected to close on May 8, 2023, subject to the satisfaction or waiver of customary closing conditions.

Global Pet Insurance Market Report 2023-2027 & 2032 Featuring Trupanion, Deutsche Familienversicherung,; Petplan, Animal Friends Insurance Services, & Figo Pet Insurance Among Others

Retrieved on: 
Tuesday, May 2, 2023
Cloud, JAB, GPS, Household, Vaccination, Anxiety, HILDA, COVID-19, Household, Income and Labour Dynamics in Australia Survey, JAB Holding Company, BNP Paribas, Trust, Acquisition, Cardif, Pet, Growth, Digital, Pet industry

DUBLIN, May 2, 2023 /PRNewswire/ -- The "Pet Insurance Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, May 2, 2023 /PRNewswire/ -- The "Pet Insurance Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
  • Advancements and awareness in pet insurance has been a major trend in this market.
  • The regions covered in the pet insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
  • The increasing number of pet adoption is expected to continue during the forecast period driving pet insurance market.

Saphyre CEO Gabino Roche Nominated for Industry Person of the Year by the Global Custodian Awards

Retrieved on: 
Thursday, April 27, 2023
Data management, BNP Paribas, JPMorgan Chase, Cryptocurrency, Security (finance)

HOBOKEN, N.J., April 27, 2023 /PRNewswire/ -- Saphyre co-founder and CEO Gabino Roche, Jr. has been nominated Industry Person of the Year at the 2023 Global Custodian Awards.

Key Points: 
  • HOBOKEN, N.J., April 27, 2023 /PRNewswire/ -- Saphyre co-founder and CEO Gabino Roche, Jr. has been nominated Industry Person of the Year at the 2023 Global Custodian Awards.
  • The winner of the award will be announced on the night of Global Custodian's annual awards dinner on May 3 in London.
  • Global Custodian's Industry Leaders Awards program recognizes the achievements of financial executives in a diverse range of categories across hedge funds, mutual funds, prime brokers and private equity.
  • Gabino Roche, Jr. co-founded Saphyre with his twin brother and Saphyre president, Stephen, in 2017 as an AI platform that revolutionizes the pre- and post-trade process for financial institutions.

Teleperformance Announces Proposed Acquisition of Majorel

Retrieved on: 
Wednesday, April 26, 2023
Professional Services, Data Management, Technology, Human Resources, Software, Consulting, Financial market, Failure, CET, Investment, TP, Acquisition, AMF, FMCG, Paul French (author), Section 4, Market, BNP Paribas, Growth, DFSA, Travel, Discovery Air, Automotive industry, Energy, Judgement, Linklaters, Documentation, Latham & Watkins, Supervisory board, Investment banking, Family, AFM, Partnership, Financial services, CX, AGM, Person, Luxembourg, EUR, Prospectus, BBB, EBITDA, EPS, Security (finance), Management, Consultant, Retail, Cryptocurrency, Auction, Car rental, Hunting, Teleperformance, Majorel, Bertelsmann, Insurance

Teleperformance (Paris:TEP), a global leader in digital business services, today announced its proposed voluntary cash and share offer for all shares in Majorel (the "Shares").

Key Points: 
  • Teleperformance (Paris:TEP), a global leader in digital business services, today announced its proposed voluntary cash and share offer for all shares in Majorel (the "Shares").
  • The Majorel shareholders can also elect to receive Teleperformance shares at an exchange ratio of 0,1382 Teleperformance share for each Majorel share, up to a maximum of €1bn in Teleperformance shares.
  • Teleperformance anticipates that the offer will be presented to Majorel shareholders within 3 to 4 months from the date hereof.
  • Teleperformance intends to acquire all shares of Majorel with a view to proceed to delisting of Majorel.