Kroll

CyberCube Announces $50 Million in Growth Capital Financing to Further Advance Cyber Risk Analytics

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Monday, December 19, 2022
Professional Services, Data Management, Security, Data Analytics, Technology, Insurance, Software, Organization, Ecosystem, RT, Entrepreneurship, Kroll, Morgan Stanley, Symantec, Insurance, Latham & Watkins, Risk management, Risk, URS, QBE, EXL, Partner (business rank), API, Bermuda, Partner, Investment, McGill, Cognitive computer, P&C, Intelligence, Verisk Analytics, Majesco Entertainment

CyberCube, the market leader in cyber risk analytics, today announced $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation from all existing investors Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and key investors from Stone Point Capital.

Key Points: 
  • CyberCube, the market leader in cyber risk analytics, today announced $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation from all existing investors Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and key investors from Stone Point Capital.
  • CyberCube models cyber risk to allow insurers and brokers to understand their portfolios’ exposure to cyber threats while enabling their clients to better protect themselves.
  • “This is an exciting milestone in our mission to empower modern industry and society with world-leading cyber risk analytics so everyone can make better decisions,” said Pascal Millaire, CEO of CyberCube.
  • With best-in-class data access and advanced multi-disciplinary analytics, the company’s cloud-based platform helps insurance organizations quantify cyber risk to facilitate placing insurance, underwriting cyber risk and managing cyber risk aggregation.

5th Century Partners Announces Investment in LSL Healthcare

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Thursday, December 15, 2022
Time-invariant system, Victor, Medicine, DLA Piper, LSL, 5th century, Piper, CFO, Accounting, Kroll, Health, Growth, Subclinical infection, Multimedia, Product life-cycle theory, Internationalized domain name, CareerBuilder, GE Healthcare, Retail, Management, Health insurance

CHICAGO, Dec. 15, 2022 /PRNewswire/ -- 5th Century Partners, a purpose-driven private investment firm committed to driving economic and social impact, today announced that it has made a majority investment in LSL Healthcare ("LSL"), a leading manufacturer of single-use medical devices, IV start kits, surgical procedure kits and hospital supplies.

Key Points: 
  • CHICAGO, Dec. 15, 2022 /PRNewswire/ -- 5th Century Partners , a purpose-driven private investment firm committed to driving economic and social impact, today announced that it has made a majority investment in LSL Healthcare ("LSL"), a leading manufacturer of single-use medical devices, IV start kits, surgical procedure kits and hospital supplies.
  • 5th Century Partners has already been an incredible partner throughout this process, and we expect to greatly benefit from their deep experience in the healthcare space," said Ash Luthra, founder and CEO at LSL Healthcare.
  • "LSL plays an integral role in the healthcare ecosystem because they create products that are essential for the delivery of care," said Marques Torbert, managing partner at 5th Century Partners.
  • 5th Century Partners is a purpose-driven private investment firm that invests in middle-market companies within healthcare, consumer and business services that are committed to driving economic value and social impact.

Valcre, Commercial Real Estate’s Premier Appraisal Software, Raises $12.7 Million in Series A Funding Round

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Tuesday, November 15, 2022
Other Construction & Property, Commercial Building & Real Estate, Technology, Construction & Property, Software, Avison Young, REACH, National Association, News, RSM, SCV, Kroll, Multimedia, Walker & Dunlop, Insurance, Research, VC, CohnReznick, Avenue, Name, Auction, Real estate

Valcre , the commercial real estate industrys premier appraisal platform, today announced a $12.7 million Series A funding round led by Avenue Growth Partners with participation from Second Century Ventures.

Key Points: 
  • Valcre , the commercial real estate industrys premier appraisal platform, today announced a $12.7 million Series A funding round led by Avenue Growth Partners with participation from Second Century Ventures.
  • In the past 12 months, Valcres products have been used to facilitate more than 50,000 commercial real estate appraisals.
  • We are proud to support Lucas and Kriss vision to empower commercial real estate appraisal professionals globally.
  • Valcre is the premier appraisal software for the commercial real estate industry.

FTX Receives Court Approval for "First Day" Motions

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Wednesday, November 23, 2022
United States bankruptcy court, FTX, Kroll, Bankruptcy, Court, Multimedia, Oliver Cromwell, Sullivan & Cromwell, Financial adviser

FTX.com), and approximately 101 additional affiliated companies (together, the "FTX Debtors"), today announced that the U.S. Bankruptcy Court for the District of Delaware (the "Delaware Federal Court") granted interim and final approvals for all of the "First Day" motions related to the FTX Debtors' Chapter 11 petitions filed on November 11, 2022.

Key Points: 
  • FTX.com), and approximately 101 additional affiliated companies (together, the "FTX Debtors"), today announced that the U.S. Bankruptcy Court for the District of Delaware (the "Delaware Federal Court") granted interim and final approvals for all of the "First Day" motions related to the FTX Debtors' Chapter 11 petitions filed on November 11, 2022.
  • John J. Ray III said, "With the Court's approvals of our First Day motions, we are moving forward as expeditiously as possible in our efforts to maximize value for all FTX stakeholders.
  • The FTX Debtors have established Kroll as its claims agent, and all official documents filed with the Delaware Federal Court can be found online at https://cases.ra.kroll.com/FTX/ .
  • The FTX Debtors are represented by Sullivan & Cromwell LLP as legal counsel and are assisted by Alvarez & Marsal North America, LLC as financial advisor and Perella Weinberg Partners LP as investment banker.

FTX Group Notice Regarding Federal Court Filings and Communications

Retrieved on: 
Thursday, November 17, 2022
Bankruptcy, Chapter 11, Title 11, United States Code, Kroll, Multimedia, Federal court, Uniformity and jurisdiction in U.S. federal court tax decisions, United States bankruptcy court, FTX

WILMINGTON, Del., Nov. 17, 2022 /PRNewswire/ -- FTX Trading Ltd. (d.b.a.

Key Points: 
  • WILMINGTON, Del., Nov. 17, 2022 /PRNewswire/ -- FTX Trading Ltd. (d.b.a.
  • FTX.com), and approximately 101 additional affiliated companies (together, "FTX Group"), today noted that filing voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the "Federal Court"), FTX Group is operating under the jurisdiction of the Federal Court, and all company actions, including company transactions such as transfers and withdrawals, must be approved by the Federal Court.
  • FTX Group has established Kroll as its claims agent, and all official documents filed with the U.S. Bankruptcy Court can be found online at https://cases.ra.kroll.com/FTX/ .
  • FTX Group also noted that the only authorized and official Twitter account for the Company is @FTX_Official, and all social communications from FTX Group and its executives will be relayed exclusively through that account.

 Redwire Completes Acquisition of QinetiQ Space NV and $80 Million Financing from Bain Capital and AE Industrial Partners

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Tuesday, November 1, 2022
Technology, Satellite, Aerospace, Manufacturing, Other Science, Science, Failure, Adjustment, Growth, Kirkland & Ellis, Annual report, BELSPO, Board of directors, Qinetiq, Acquisition, Income, ESA, Australian Space Agency, Board, NYSE, LLC, AEI, U.S. Securities and Exchange Commission, Capital, Earnout, Kroll, Public expenditure, RDW, Generally Accepted Accounting Principles (United States), View, Space, Terminology, Income tax, Investment, Company, Belcan, Review, Communication, Jefferies Group, European Space Agency, Depreciation, Corporation, Science policy, Forward-looking statement, Bain Capital, Renewable energy, Bookkeeping, Commercial property, Risk management, Security (finance), Bank, Redwire

We are thrilled to complete our acquisition of Space NV and close this important financing with Bain Capital and AEI, said Peter Cannito, Chairman and Chief Executive Officer of Redwire.

Key Points: 
  • We are thrilled to complete our acquisition of Space NV and close this important financing with Bain Capital and AEI, said Peter Cannito, Chairman and Chief Executive Officer of Redwire.
  • The addition of Space NV and the growth capital from Bain Capital and AEI leave us well positioned for the future.
  • As previously announced, under the terms of the agreement, Redwire paid 32 million, subject to customary working capital adjustments, to QinetiQ Group plc (QinetiQ Group).
  • Bain Capital and AEI together will make an $80 million investment in the form of equity-linked securities that will be used to finance the Space NV acquisition.

Wolters Kluwer ELM Solutions to share legal innovation and digital transformation strategies during ELM Amplify 2022

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Monday, October 17, 2022
Legal, Technology, Consulting, Fintech, Thought Leadership, Accounting, Professional Services, Software, Data Management, Omni, Diamond, Spend, Insurance, Associate Director of National Intelligence and Chief Information Officer, CT Corporation, Risk, Efficiency, Growth, Mora (linguistics), Review, General manager, Mount Everest, Software as a service, Solution, Sister Consilio, DHL Supply Chain, Corporation, Forrester, Partnership, ELM, Technology, Compliance, Wolters Kluwer, GRC, Novartis, MST, Hyperion, Contract, WKL, Accounting, Amplification, Kroll, Air Force Legal Operations Agency, IDC, Leadership, Risk management, Passport

Raja Sengupta , Executive Vice President and General Manager of Wolters Kluwer ELM Solutions, will launch the conference with his keynote address at 8:30 am MST on October 18.

Key Points: 
  • Raja Sengupta , Executive Vice President and General Manager of Wolters Kluwer ELM Solutions, will launch the conference with his keynote address at 8:30 am MST on October 18.
  • ELM Solutions, part of Wolters Kluwer GRC , is a market-leading global provider of enterprise legal spend and matter management, contract lifecycle management and legal analytics solutions.
  • The divisions banking and regulatory compliance businesses are Wolters Kluwer Compliance Solutions and Wolters Kluwer Finance, Risk & Regulatory Reporting .
  • ELM Solutions LegalVIEW portfolio of legal analytics solutions is based upon the industrys largest and most comprehensive legal spend database, with more than $150 billion in invoices.

A 'HUGE' OPPORTUNITY: NEARSHORING TO THE NORTHERN TRIANGLE

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Friday, October 14, 2022
Loom, Woman, World Bank, Fruit, HUGE, American Investment Council, World, Inter-American Development Bank, Annual general meeting, Investment, Technology, DFC, CAFTA, Industry, CEO, Intention, UPS, Microenterprise Education Initiative, Interim, IDB, Kroll, CABEI, Houston Airport System, Chemplast Sanmar, Renewable energy

Companies already there, including Fruit of the Loom, SanMar, Elcatex, Parkdale Mills and Crowley, are aiming to expand.

Key Points: 
  • Companies already there, including Fruit of the Loom, SanMar, Elcatex, Parkdale Mills and Crowley, are aiming to expand.
  • HUGE reiterated its long-held position that the CAFTA rules of origin be maintained to support the development of a vertically integrated textile industry in the Northern Triangle that is linked to the U.S. market.
  • CAFTA is now driving significant new investment towards this goal, and if the rules of origin change, those investments will not come to the region.
  • "Having clear and predictable rules of the game is essential to attract investment to the countries of the region.

FEI's 2022 Corporate Financial Reporting Insights (CFRI) Conference to Focus on How Corporations Adapt Business Models to Align with Societal Priorities

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Wednesday, October 12, 2022
Linda, Diamond, U.S. Securities and Exchange Commission, Sheraton New York Times Square Hotel, Financial Accounting Standards Board, Deloitte, SEC, Financial Executives International, Visual literacy, Conference, PCAOB, ESG, Organization, CAE, Johnson & Johnson, Research, Twitter, Publication, Corporation, Division, FASB, KPMG, Technical, Knowledge, Chemical and Biological Arms Control Institute, Public Company Accounting Oversight Board, Industry, CPE, Board, Corporate Finance Institute, CEO, U.S. SEC, Association, Defence Planning Committee, PricewaterhouseCoopers, Moody, Planning committee, Environment, Nike, FEI, Moody's Investors Service, Kroll, CAO, Disclosure, Chapter, Policy, Audit, Management, Accounting, EY, Nielsen, Workiva

MORRISTOWN, N.J., Oct. 12, 2022 /PRNewswire-PRWeb/ -- Financial Executives International (FEI), the association of choice for finance leaders, announced today that it will hold its annual Corporate Financial Reporting Insights (CFRI) Conference on November 7 and 8. The hybrid event will be hosted in person at the Sheraton New York Times Square, and available virtually. This year's theme—Leading Beyond the Numbers—aims to aid financial professionals in gaining the knowledge necessary to help their organizations reframe their societal roles. Attendees can earn up to 18 CPE credits and are encouraged to join the conversation on Twitter by using #FEIcfri2022. Visit here to register.

Key Points: 
  • This year's themeLeading Beyond the Numbersaims to aid financial professionals in gaining the knowledge necessary to help their organizations reframe their societal roles.
  • Attendees can earn up to 18 CPE credits and are encouraged to join the conversation on Twitter by using #FEIcfri2022.
  • This year's agenda is designed to help financial leaders learn from each other how best to support these new objectives."
  • Financial Executives International (FEI) is the leading association and advocate for the views of corporate financial management.

Redwire Accelerates Profitable Growth with Acquisition of QinetiQ Space NV

Retrieved on: 
Monday, October 3, 2022
Science, Satellite, Other Science, Alternative Energy, Energy, Technology, Aerospace, Manufacturing, Terminology, RDW, Earnout, Tax, International, History, Kirkland & Ellis, Income tax, Orbit, Kroll, ESA, LinkedIn, Technology, Review, Income, Observation, European Space Agency, Engineering, International Financial Reporting Standards, Science policy, Corporation, Belcan, Blog, Annual report, Growth, LSA, LLP, Partnership, LLC, NASA, Mission statement, Qinetiq, Jefferies Group, Science, NYSE, Communication, Depreciation, Space, Adjustment, Forward-looking statement, Acquisition, Generally Accepted Accounting Principles (United States), Public expenditure, NV, Australian Space Agency, Company, BELSPO, Renewable energy, Video game, Risk management, Bookkeeping, Bank, Redwire

Redwire Corporation (NYSE: RDW), a leader in critical space infrastructure for the next generation space economy, announced today that the Company has entered into a definitive agreement with QinetiQ Group plc (QinetiQ Group) to acquire its QinetiQ Space NV (Space NV) business, a Belgium-based commercial space business providing design and integration of critical space infrastructure and other instruments for end-to-end space missions.

Key Points: 
  • Redwire Corporation (NYSE: RDW), a leader in critical space infrastructure for the next generation space economy, announced today that the Company has entered into a definitive agreement with QinetiQ Group plc (QinetiQ Group) to acquire its QinetiQ Space NV (Space NV) business, a Belgium-based commercial space business providing design and integration of critical space infrastructure and other instruments for end-to-end space missions.
  • Space NV has a long and successful history of operating in space and deploying leading space innovation for their customers, including ESA, BELSPO, and many European commercial space companies.
  • Space NV is expected to provide Redwire with increased scale, broader access to addressable markets and significant backlog to bolster our growth platform.
  • The financial information of QinetiQ Space NV contained in this press release is based on data available to Redwire provided by QinetiQ Group.