RBC

Blackstone and Vista Equity Partners Complete Acquisition of Ellucian

Wednesday, September 15, 2021 - 9:14pm

RESTON, Va., Sept. 15, 2021 /PRNewswire/ --Ellucian, a leading higher education technology solutions provider, today announced the completion of its acquisition by funds managed by Blackstone (NYSE: BX) ("Blackstone") and Vista Equity Partners ("Vista").

Key Points: 
  • RESTON, Va., Sept. 15, 2021 /PRNewswire/ --Ellucian, a leading higher education technology solutions provider, today announced the completion of its acquisition by funds managed by Blackstone (NYSE: BX) ("Blackstone") and Vista Equity Partners ("Vista").
  • Blackstone and Vista are investing in Ellucian through their respective long-term private equity strategies, which hold investments for longer periods than traditional private equity.
  • "Today marks an exciting new chapter for Ellucian, our customers and the future of higher education as we welcome new ownership by Blackstone and Vista Equity Partners," said Laura Ipsen, President and CEO, Ellucian.
  • UBS Investment Bank, Goldman Sachs and BofA Securities served as financial advisors to TPG Capital, Leonard Green & Partners, L.P. and Ellucian.

FAIR Canada: Retail Investors are just collateral damage, again

Wednesday, September 15, 2021 - 8:01pm

Apparently, it is too much work to train their advisors to understand mutual funds offered by other banks or manufacturers before selling them.

Key Points: 
  • Apparently, it is too much work to train their advisors to understand mutual funds offered by other banks or manufacturers before selling them.
  • Yet again, retail investors seem to be nothing more than collateral damage in the ongoing fight between industrys desire to keep regulatory costs as low as possible, and regulators efforts to craft the rules needed to protect investors.
  • FAIR Canada is a national, independent charitable organization dedicated to being a catalyst for the advancement of the rights of investors and financial consumers in Canada.
  • FAIR Canada has a reputation for independence, thought leadership in public policy and moving the needle in the interests of retail investors and financial consumers.

The WestJet Group announces Harry Taylor as interim President and CEO

Wednesday, September 15, 2021 - 4:20pm

CALGARY, AB, Sept. 15, 2021 /CNW/ -The WestJet Group today announced that Harry Taylor will assume the interim role of President and Chief Executive Officer (CEO) with a transition period taking place between late November and mid-December 2021.

Key Points: 
  • CALGARY, AB, Sept. 15, 2021 /CNW/ -The WestJet Group today announced that Harry Taylor will assume the interim role of President and Chief Executive Officer (CEO) with a transition period taking place between late November and mid-December 2021.
  • "I am extremely pleased Harry has agreed to take on this interim role," said the WestJet Group Board Chair Chris Burley.
  • "It is a tremendous honour to be asked to serve as interim CEO for the WestJet Group, and I look forward to leading our organization through this crucial phase of our recovery," said Harry Taylor.
  • While Harry serves as interim CEO, Jennifer Bue, WestJet's current Vice-President, Finance Planning & Analysis will serve as interim CFO.

RBC ranked #2 in the global "Top 100 Most Diverse & Inclusive Companies" in the 2021 Refinitiv Diversity & Inclusion Index

Tuesday, September 14, 2021 - 3:37pm

TORONTO, Sept. 14, 2021 /CNW/ -RBC ranked #2 in the global "Top 100 Most Diverse & Inclusive Companies" in the 2021 Refinitiv Diversity & Inclusion (D&I) Index.

Key Points: 
  • TORONTO, Sept. 14, 2021 /CNW/ -RBC ranked #2 in the global "Top 100 Most Diverse & Inclusive Companies" in the 2021 Refinitiv Diversity & Inclusion (D&I) Index.
  • "RBC's diversity and inclusion vision is to be among the most inclusive and successful companies, putting diversity into action to help employees, clients and communities thrive" said Dave McKay, RBC President and CEO.
  • Creating a future that is inclusive and sustainable for everyone compels us to focus on the process of change as much as the outcome.
  • "The Refinitiv D&I Index is becoming an established benchmark to measure progress" said David Harris, Global Head of Sustainable Finance, London Stock Exchange Group.

PenderFund Capital Management Ltd Welcomes New President

Tuesday, September 14, 2021 - 2:17pm

VANCOUVER, British Columbia, Sept. 14, 2021 (GLOBE NEWSWIRE) -- PenderFund Capital Management Ltd. (Pender) is pleased to announce that Carlo Desierto has joined the company as President.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 14, 2021 (GLOBE NEWSWIRE) -- PenderFund Capital Management Ltd. (Pender) is pleased to announce that Carlo Desierto has joined the company as President.
  • Prior to joining Pender, he was Managing Director at Manulife Investment Management Private Markets where he played a leading role in expanding Manulifes Private Markets franchise globally.
  • David will be able to focus more fully on his portfolio management responsibilities, leaving Carlo to oversee business growth and corporate strategy.
  • About PenderFund Capital Management Ltd.
    Pender was founded in 2003 and is an independent, employee-owned investment firm located in Vancouver, British Columbia.

Achēv to Host Their Largest Virtual Hiring Event of the Year for Job Seekers in the GTA on September 23

Tuesday, September 14, 2021 - 2:00pm

Achv's Open For Business Job Market will help job seekers in the Greater Toronto Areafind meaningful employment and ensure that employers have the right workforce to succeed.

Key Points: 
  • Achv's Open For Business Job Market will help job seekers in the Greater Toronto Areafind meaningful employment and ensure that employers have the right workforce to succeed.
  • The virtual hiring event is free to all job seekers and will give attendees and employers an immersive way to network and interview for open roles.
  • "We are excited to host the Achv Open for Business Job Market, our largest virtual hiring event of the year," said Tonie Chaltas, Chief Executive Officer at Achv.
  • "This event will connect diverse job seekers in the Greater Toronto Area with leading employers from a variety of industries.

Time To Rise™: Stacy's® Pita Chips Partners With Hello Sunshine To Amplify Female Founders

Tuesday, September 14, 2021 - 1:26pm

New this year, Stacy's is also amplifying founders by launching FoundedByHer.org , an online business directory featuring female founders from across the United States.

Key Points: 
  • New this year, Stacy's is also amplifying founders by launching FoundedByHer.org , an online business directory featuring female founders from across the United States.
  • "This is just the beginning of Stacy's work with Hello Sunshine and Reese to spotlight remarkable founders and continue to build up a community of empowered and supported women."
  • It also allows founders to register their business to be featured in the directory for an opportunity to be found.
  • Hello Sunshine is also home to Reese's Book Club and the newly launched RBC App.

Spire Global to Acquire exactEarth

Tuesday, September 14, 2021 - 12:00pm

Spire Global, Inc. (NYSE: SPIR), a leading provider of space-based data, analytics and space services, and exactEarth Ltd. (TSX: XCT) (exactEarth) announced today that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately US$161.2 million (CAD$204.2 million) in cash and stock, which implies ~9.1x exactEarths Enterprise Value to LTM revenue.

Key Points: 
  • Spire Global, Inc. (NYSE: SPIR), a leading provider of space-based data, analytics and space services, and exactEarth Ltd. (TSX: XCT) (exactEarth) announced today that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately US$161.2 million (CAD$204.2 million) in cash and stock, which implies ~9.1x exactEarths Enterprise Value to LTM revenue.
  • Once completed, exactEarth will become a fully owned subsidiary of Spire and continue to operate from Cambridge, Ontario, Canada under the leadership of exactEarths CEO Peter Mabson, reporting directly to Spire CEO Peter Platzer.
  • The forward-looking statements in this communication are based on information available to Spire and exactEarth as of the date hereof, and Spire and exactEarth disclaim any obligation to update any forward-looking statements, except as required by law.
  • This communication is being made in respect of a proposed arrangement involving Spire Global, Inc. and exactEarth.

Spire Global to Acquire exactEarth

Tuesday, September 14, 2021 - 12:00pm

VIENNA, Va. and CAMBRIDGE, Ontario, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Spire Global, Inc. (NYSE: SPIR), a leading provider of space-based data, analytics and space services, and exactEarth Ltd. (TSX: XCT) (“exactEarth”) announced today that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately US$161.2 million (CAD$204.2 million) in cash and stock, which implies ~9.1x exactEarth’s Enterprise Value to LTM revenue. Once completed, exactEarth will become a fully owned subsidiary of Spire and continue to operate from Cambridge, Ontario, Canada under the leadership of exactEarth’s CEO Peter Mabson, reporting directly to Spire CEO Peter Platzer.

Key Points: 
  • exactEarth accelerates growth of Spires existing maritime business with additional data solutions, cross-selling opportunities, and expansion of the companys geographic footprint
    VIENNA, Va. and CAMBRIDGE, Ontario, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Spire Global, Inc. (NYSE: SPIR), a leading provider of space-based data, analytics and space services, and exactEarth Ltd. (TSX: XCT) (exactEarth) announced today that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately US$161.2 million (CAD$204.2 million) in cash and stock, which implies ~9.1x exactEarths Enterprise Value to LTM revenue.
  • Once completed, exactEarth will become a fully owned subsidiary of Spire and continue to operate from Cambridge, Ontario, Canada under the leadership of exactEarths CEO Peter Mabson, reporting directly to Spire CEO Peter Platzer.
  • The forward-looking statements in this communication are based on information available to Spire and exactEarth as of the date hereof, and Spire and exactEarth disclaim any obligation to update any forward-looking statements, except as required by law.
  • This communication is being made in respect of a proposed arrangement involving Spire Global, Inc. and exactEarth.

SQZ Biotechnologies Announces First Autoimmune Disease Indication for Tolerizing Antigen Carrier (TAC) Platform

Monday, September 13, 2021 - 11:45am

SQZ Biotechnologies (NYSE: SQZ), focused on unlocking the full potential of cell therapies for multiple therapeutic areas, today announced that the first clinical translation of the companys Tolerizing Antigen Carrier (TAC) platform in autoimmune diseases will be for celiac disease, a chronic autoimmune disorder that afflicts millions of patients and has no approved drug treatment.

Key Points: 
  • SQZ Biotechnologies (NYSE: SQZ), focused on unlocking the full potential of cell therapies for multiple therapeutic areas, today announced that the first clinical translation of the companys Tolerizing Antigen Carrier (TAC) platform in autoimmune diseases will be for celiac disease, a chronic autoimmune disorder that afflicts millions of patients and has no approved drug treatment.
  • In preclinical models, SQZ TACs have demonstrated the ability to induce multi-mechanism antigen-specific tolerance relevant to many immune mediated disorders.
  • SQZ TACs leverage the bodys natural mechanisms of red blood cell (RBC) clearance and antigen presentation to induce immune tolerance.
  • SQZ TACs are a red blood cell-derived cell therapy platform being developed as an antigen-specific immune tolerance approach for autoimmune diseases.