J. P. Morgan

Arcadia elevates Paul Mulé to Chief Financial Officer, strengthening executive leadership team

Retrieved on: 
Tuesday, March 19, 2024
Organization, TIME, J. P. Morgan, CFO, Accounting, Statista, University, Investment banking, Senior, Corporate finance, Greentech, FP&A, FP, Economics, Corporate development, Management

DENVER, March 19, 2024 /PRNewswire/ -- Arcadia, a global utility data and community solar platform, is pleased to announce the promotion of Paul Mulé to the position of Chief Financial Officer.

Key Points: 
  • DENVER, March 19, 2024 /PRNewswire/ -- Arcadia, a global utility data and community solar platform, is pleased to announce the promotion of Paul Mulé to the position of Chief Financial Officer.
  • In this vital role, Mr. Mulé has also joined the company's executive leadership team.
  • "Paul has been an indispensable part of the senior leadership team at Arcadia for the past few years, and I'm thrilled to have him as our CFO," said Bhatraju.
  • Prior to becoming CFO, Mulé made significant contributions to Arcadia as the Senior Vice President of Corporate Finance & Corporate Development.

Nordic Capital to invest in leading digital insurance payments network One Inc to drive continued growth and product innovation

Retrieved on: 
Thursday, March 14, 2024
EUR, J. P. Morgan, Growth, Partnership, IA Financial Group, Capital, MAPFRE, Custom House, Insurance, Great Hill, Investment, Nordic Capital, NMI, Kirkland & Ellis, Ecosystem, Wawanesa Insurance, USD, Inc.

FOLSOM, Calif, March 14, 2024 /PRNewswire/ -- Nordic Capital, one of the most active and experienced investors in Technology & Payments globally, today announced that it will join Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, as an investor in One Inc (the "Company"), a digital payments platform specializing in modernizing the insurance industry in North America. Great Hill Partners invested in One Inc in 2020 and will retain an equal stake to Nordic Capital alongside a significant continuing investment from the Company's current management team.

Key Points: 
  • One Inc Digital Payments Platform is designed to integrate with modern and legacy insurance core systems, engaging policyholders through the channels they use most while securely processing payments through those same channels.
  • One Inc proudly serves over 240 customers in the insurance industry, including Amica Insurance, MAPFRE, SageSure, Tower Hill Insurance, Wawanesa Insurance, and others.
  • The insurance industry faces a landscape defined by digital transformation, economic shifts, and environmental disruption, prompting it to innovate and optimize.
  • One Inc's payment network is well-positioned to accelerate and drive transformation, currently demonstrating over 65% year-over-year revenue growth.

Nordic Capital to invest in leading digital insurance payments network One Inc to drive continued growth and product innovation

Retrieved on: 
Thursday, March 14, 2024
EUR, J. P. Morgan, Growth, Partnership, IA Financial Group, Capital, MAPFRE, Custom House, Insurance, Great Hill, Investment, Nordic Capital, NMI, Kirkland & Ellis, Ecosystem, Wawanesa Insurance, USD, Inc.

FOLSOM, Calif, March 14, 2024 /PRNewswire/ -- Nordic Capital, one of the most active and experienced investors in Technology & Payments globally, today announced that it will join Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, as an investor in One Inc (the "Company"), a digital payments platform specializing in modernizing the insurance industry in North America. Great Hill Partners invested in One Inc in 2020 and will retain an equal stake to Nordic Capital alongside a significant continuing investment from the Company's current management team.

Key Points: 
  • One Inc Digital Payments Platform is designed to integrate with modern and legacy insurance core systems, engaging policyholders through the channels they use most while securely processing payments through those same channels.
  • One Inc proudly serves over 240 customers in the insurance industry, including Amica Insurance, MAPFRE, SageSure, Tower Hill Insurance, Wawanesa Insurance, and others.
  • The insurance industry faces a landscape defined by digital transformation, economic shifts, and environmental disruption, prompting it to innovate and optimize.
  • One Inc's payment network is well-positioned to accelerate and drive transformation, currently demonstrating over 65% year-over-year revenue growth.

NAPCO Security Technologies To Attend the J.P. Morgan Industrials Conference Thursday, March 14, 2024, in New York City

Retrieved on: 
Tuesday, March 12, 2024
NAPCO, Conference, J. P. Morgan, Madison Avenue, Communication, NSSC, Cryptocurrency

NAPCO management will host meetings at the Conference on March 14.

Key Points: 
  • NAPCO management will host meetings at the Conference on March 14.
  • The annual run rate for recurring revenue is now $76.5 million based on January 2024 recurring revenues.
  • In addition, we will be discussing the recent introduction of Prima by NAPCO, a new All-in-One Panel for security, fire, video and connected home which addresses an important mass segment of the security market including residential and small business systems.
  • To receive additional information, request an in person one on one invitation, please contact your J.P. Morgan sales representative or Francis Okoniewski, Vice President, Investor Relations for NAPCO at [email protected] .

Ørsted issues EUR green hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024
ACT, Dark, BBB, ITS, Shades of green, Danske Bank, Darkness, Investment, J. P. Morgan, ANY, Tender offer, EUR, NOT, Morgan Stanley, Fitch, Citigroup, A/S, AS, HSBC, Security (finance)

Ørsted A/S (‘Ørsted’) announces its intention to issue a EUR benchmark size of subordinated green hybrid capital securities with first reset date after 5.75 years (NC5.75) and final maturity in 3024.

Key Points: 
  • Ørsted A/S (‘Ørsted’) announces its intention to issue a EUR benchmark size of subordinated green hybrid capital securities with first reset date after 5.75 years (NC5.75) and final maturity in 3024.
  • The purpose of the new issue is to refinance Ørsted’s EUR 500 million 2.25 % EUR hybrid capital securities issued in 2017, with first reset date on 24 November 2024, and to proactively manage Ørsted’s hybrid capital portfolio.
  • Today, Ørsted is also inviting holders of these securities to tender their holdings for purchase by Ørsted – see separate company announcement relating to the Tender Offer.
  • Ørsted’s new green hybrid capital securities are expected to receive the rating of Baa3 by Moody’s, BB by Standard and Poor’s, and BBB- by Fitch.

EQS-News: Delivery Hero successfully completes syndication of USD financing transaction to optimize its capital structure

Retrieved on: 
Wednesday, March 13, 2024
CFO, Standard Chartered, USD, Delivery, J. P. Morgan, Delivery Hero, EUR, Morgan Stanley, Goldman Sachs, Barclays, ING, HSBC, UniCredit, Security (finance)

Delivery Hero intends to use at least EUR 300 million of the US Dollar Term Facility to repurchase selected outstanding convertible bonds due in 2025 and 2026.

Key Points: 
  • Delivery Hero intends to use at least EUR 300 million of the US Dollar Term Facility to repurchase selected outstanding convertible bonds due in 2025 and 2026.
  • Emmanuel Thomassin, CFO of Delivery Hero, said: "We are very pleased with the strong reception of our financing transaction in the debt capital markets.
  • UniCredit, HSBC, Barclays, Goldman Sachs, Morgan Stanley, ING and Standard Chartered acted as Joint Lead Arrangers on the US Dollar Term Facility.
  • White & Case LLP acted as legal advisor to Delivery Hero and Milbank LLP acted as legal advisor to the arrangers.

Tender offer for hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024
ACT, ITS, Danske Bank, Accrued interest, J. P. Morgan, ANY, Purchasing, NOT, Morgan Stanley, Capital, A/S, Tender, AS, HSBC, Security (finance)

Ørsted A/S (‘Ørsted’) hereby invites holders of its:

Key Points: 
  • Ørsted A/S (‘Ørsted’) hereby invites holders of its:
    •    EUR 500,000,000 2.25 % hybrid capital securities due in 3017 (the ‘Capital Securities’; ISIN: XS1720192696)
    to tender the Capital Securities for purchase by Ørsted on the terms and subject to the conditions set out in the tender offer memorandum dated 5 March 2024 (the ‘Tender Offer Memorandum’) (the ‘Offer’).
  • The Offer is subject to the successful issuance of the subordinated green hybrid capital securities (‘New Hybrid Issue’) as also announced by Ørsted today.
  • Ørsted will pay for Capital Securities accepted by it for purchase pursuant to the Offer a Purchase Price of 98.75 %.
  • Together with Ørsted’s New Hybrid Issue, the purpose of the Offer is to refinance the Capital Securities and to proactively manage Ørsted’s hybrid capital portfolio.

BFSI IT Summit Set to Illuminate the Future of Financial Technology

Retrieved on: 
Tuesday, March 12, 2024
Engineering, Algorithm, Financial services, AI, Central bank, J. P. Morgan, Learning, Conference, Risk assessment, Cloud computing, BFSI, HSBC, Digital, Insurance, Cryptocurrency

Sydney's BFSI sector has experienced a surge in collaborative efforts between traditional financial institutions and agile fintech startups, fuelling innovation and disruption.

Key Points: 
  • Sydney's BFSI sector has experienced a surge in collaborative efforts between traditional financial institutions and agile fintech startups, fuelling innovation and disruption.
  • The 21st Edition of the BFSI IT Summit by Exito is an exclusive, in-person conference uniting top technology leaders.
  • The BFSI (Banking, Financial Services, and Insurance) sector is on the cusp of a digital transformation, and the BFSI IT Summit is poised to be the catalyst for this evolution.
  • Featuring a lineup of esteemed speakers, insightful panel discussions, and interactive workshops, the BFSI IT Summit promises to deliver invaluable insights and strategies for navigating the rapidly evolving landscape of financial technology.

Lexeo Therapeutics Announces Oversubscribed $95.0 Million Equity Financing

Retrieved on: 
Monday, March 11, 2024
Prospectus, Novo Holdings A/S, Stifel, J. P. Morgan, Common stock, Sale, SVB Securities, Therapy, Public expenditure, Security (finance)

Lexeo anticipates the gross proceeds from the private placement to be approximately $95.0 million, before deducting any offering related expenses.

Key Points: 
  • Lexeo anticipates the gross proceeds from the private placement to be approximately $95.0 million, before deducting any offering related expenses.
  • The financing is expected to close on March 13, 2024, subject to customary closing conditions.
  • Lexeo intends to use net proceeds from the financing to fund advancement of ongoing clinical stage programs, and for working capital and general corporate purposes.
  • The proceeds from this financing, combined with current cash, cash equivalents and marketable securities are expected to fund Lexeo’s operating and capital expenditures into 2027.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against iRhythm, Hut 8, and Amplitude and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, March 11, 2024
Bitcoin, Data mining, Zio, Boston Scientific, Research, Amplitude, Marketing, FDA, J. P. Morgan, News, Growth, Stroke, ECG, Heart failure, Hut 8, Atrial fibrillation, COVID-19, Mergers and acquisitions, IRTC, DOJ, Bankruptcy, Patient, Acceleration, Defendant, Justice, Subpoena duces tecum, P.C, Cryptocurrency

The Company’s principal product is a monitoring patch that provides electrocardiogram (“ECG”) monitoring for up to 14 days, called Zio XT.

Key Points: 
  • The Company’s principal product is a monitoring patch that provides electrocardiogram (“ECG”) monitoring for up to 14 days, called Zio XT.
  • The Zio XT is intended for non-critical patients, as it does not provide real-time reporting.
  • These types of heart monitors that are approved for high-risk patients and provide near real-time alerts are also referred to as “real-time” monitors.
  • As a result of these misrepresentations, the price of iRhythm common stock traded at artificially inflated prices throughout the Class Period.