UniCredit

Nextracker Announces Full Exercise of Underwriters' Option to Purchase Additional Shares in Upsized Initial Public Offering

Retrieved on: 
Friday, February 10, 2023
SMBC Nikko Securities, Prospectus, PJT Partners, Barclays, Roth Capital Partners, UniCredit, Barclays Capital Inc. v. Theflyonthewall.com, Inc., BNP PARIBAS, Telephone, Common stock, Sale, HSBC, J.P. Morgan & Co., BofA Securities, Scotiabank, SAN, Exercise, KeyBank, J. P. Morgan, Broadridge Financial Solutions, FLEX, Security (finance), Citigroup

The net proceeds from the offering to Nextracker, after deducting the underwriting discounts and commissions and including proceeds from the underwriters' exercise of the overallotment option, are expected to be approximately $693.8 million.

Key Points: 
  • The net proceeds from the offering to Nextracker, after deducting the underwriting discounts and commissions and including proceeds from the underwriters' exercise of the overallotment option, are expected to be approximately $693.8 million.
  • Truist Securities, HSBC, BNP PARIBAS, Mizuho, Scotiabank, and KeyBanc Capital Markets are acting as joint book-running managers for the offering.
  • SMBC Nikko, BTIG, UniCredit, Roth Capital Partners, and Craig-Hallum are acting as co-managers for the offering.
  • PJT Partners is serving as independent financial advisor to Flex Ltd. in the offering.

Nextracker Announces Pricing of Upsized Initial Public Offering

Retrieved on: 
Thursday, February 9, 2023
SMBC Nikko Securities, Prospectus, Common stock, PJT Partners, Barclays, Roth Capital Partners, UniCredit, Barclays Capital Inc. v. Theflyonthewall.com, Inc., BNP PARIBAS, NXT, Telephone, Sale, HSBC, J.P. Morgan & Co., BofA Securities, Scotiabank, SAN, KeyBank, Broadridge Financial Solutions, FLEX, Security (finance), Citigroup

SAN JOSE, Calif., Feb. 8, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), priced its upsized initial public offering of 26,600,000 shares of its Class A common stock ("Common Stock") at an initial public offering price of $24.00 per share.

Key Points: 
  • SAN JOSE, Calif., Feb. 8, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), priced its upsized initial public offering of 26,600,000 shares of its Class A common stock ("Common Stock") at an initial public offering price of $24.00 per share.
  • In addition, Nextracker has granted the underwriters a 30-day option to purchase up to an additional 3,990,000 shares of Common Stock at the initial public offering price, less underwriting discounts and commissions.
  • J.P. Morgan, BofA Securities, Citigroup, and Barclays are acting as joint lead book-running managers for the offering.
  • Truist Securities, HSBC, BNP PARIBAS, Mizuho, Scotiabank, and KeyBanc Capital Markets are acting as joint book-running managers for the offering.

Nextracker Announces Launch of Initial Public Offering

Retrieved on: 
Wednesday, February 1, 2023
SMBC Nikko Securities, Prospectus, PJT Partners, Barclays, Roth Capital Partners, UniCredit, Barclays Capital Inc. v. Theflyonthewall.com, Inc., BNP PARIBAS, NXT, Common, Telephone, Common stock, Sale, HSBC, J.P. Morgan & Co., BofA Securities, Scotiabank, SAN, KeyBank, Broadridge Financial Solutions, FLEX, Security (finance), Citigroup

SAN JOSE, Calif., Feb. 1, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), has launched the roadshow for its initial public offering of 23,255,814 shares of its Class A common stock ("Common Stock").

Key Points: 
  • SAN JOSE, Calif., Feb. 1, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), has launched the roadshow for its initial public offering of 23,255,814 shares of its Class A common stock ("Common Stock").
  • The underwriters of the offering will also have a 30-day option to purchase from Nextracker up to 3,488,372 additional shares of Common Stock.
  • The initial public offering price is expected to be between $20.00 and $23.00 per share.
  • Nextracker has applied to list its Common Stock on the Nasdaq Global Select Market under the ticker symbol "NXT."

UNGUESS, Italian leader in crowdtesting, closes a funding round of over EUR 10 million led by Fondo Italiano d'Investimento

Retrieved on: 
Tuesday, January 24, 2023
Safety, MEF, IAG, Cremona, CDP Equity, ING, KPMG, Banco BPM, Student, Costa Cruises, ABI, Axa, BPER Banca, EUR, Ministry, UniCredit, Ministry of Economy and Finance (Italy), ESG, Certified Ethical Hacker, Sky Italia, SGR, Enel, Muppet Mobile Lab, Investment, Intesa Sanpaolo, Orrick, Herrington & Sutcliffe, Partnership, Bank, Cryptocurrency, Growth, Pirelli

MILAN, Jan. 24, 2023 /PRNewswire/ -- A fundraising round of over EUR 10 million for UNGUESS (https://unguess.io/it/), Italy's leading innovative crowdsourcing platform. The lead investor is Fondo Italiano d'Investimento SGR, through the Fondo Italiano Tecnologia e Crescita – "FITEC". In addition to FITEC, investors who supported UNGUESS in previous rounds participated in the capital increase: P101 SGR with its two funds Programma 103 and ITA500, managed on behalf of Azimut, Italian Angels for Growth (IAG), Club degli Investitori and Club Italia Investimenti 2.

Key Points: 
  • The lead investor is Fondo Italiano d'Investimento SGR, through the Fondo Italiano Tecnologia e Crescita – "FITEC".
  • UNGUESS is managed by a top-quality team and has already acquired and consolidated a large and first-class customer base".
  • Fondo Italiano manages 13 closed-end investment funds reserved for qualified investors, for over 2.8 billion euros and operates through direct and indirect investments (funds of funds).
  • Fondo Italiano considers sustainability a core value and is committed to integrating environmental, social and governance (ESG) criteria into its investment activities.

UNGUESS, Italian leader in crowdtesting, closes a funding round of over EUR 10 million led by Fondo Italiano d'Investimento

Retrieved on: 
Tuesday, January 24, 2023
Safety, MEF, IAG, Cremona, CDP Equity, ING, KPMG, Banco BPM, Student, Costa Cruises, ABI, Axa, BPER Banca, EUR, Ministry, UniCredit, Ministry of Economy and Finance (Italy), ESG, Certified Ethical Hacker, Sky Italia, SGR, Enel, Muppet Mobile Lab, Investment, Intesa Sanpaolo, Multimedia, Orrick, Herrington & Sutcliffe, Partnership, Bank, Cryptocurrency, Growth, Pirelli

MILAN, Jan. 24, 2023 /PRNewswire/ -- A fundraising round of over EUR 10 million for UNGUESS (https://unguess.io/it/), Italy's leading innovative crowdsourcing platform. The lead investor is Fondo Italiano d'Investimento SGR, through the Fondo Italiano Tecnologia e Crescita – "FITEC". In addition to FITEC, investors who supported UNGUESS in previous rounds participated in the capital increase: P101 SGR with its two funds Programma 103 and ITA500, managed on behalf of Azimut, Italian Angels for Growth (IAG), Club degli Investitori and Club Italia Investimenti 2.

Key Points: 
  • The lead investor is Fondo Italiano d'Investimento SGR, through the Fondo Italiano Tecnologia e Crescita – "FITEC".
  • UNGUESS is managed by a top-quality team and has already acquired and consolidated a large and first-class customer base".
  • Fondo Italiano manages 13 closed-end investment funds reserved for qualified investors, for over 2.8 billion euros and operates through direct and indirect investments (funds of funds).
  • Fondo Italiano considers sustainability a core value and is committed to integrating environmental, social and governance (ESG) criteria into its investment activities.

Paychex Expands Board of Directors, Appoints New Member

Retrieved on: 
Tuesday, January 24, 2023
CyberArk, University, CIO, Paychex, Intelligence, White, Immaculata University, Management information system, Privacy, UniCredit, White House, Corporate title, Organization, MIS, Bachelor of Arts, Institute for Research in Economics and Business Administration, Advisory board, Management, Economics

ROCHESTER, N.Y., Jan. 24, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that the company's Board of Directors has voted to expand to 12 members from 11 members. The Board has also appointed Theresa M. Payton to fill the new position. Ms. Payton is the founder and CEO of Fortalice Solutions, a firm advising Fortune 150 Boards, C-Suite, and regulators on secured technology innovation and transformation efforts regarding customer delivery and privacy.

Key Points: 
  • The Board has also appointed Theresa M. Payton to fill the new position.
  • "As a respected technology expert, successful entrepreneur, and CEO, Theresa Payton is a rare combination of highly sought-after skills," said Paychex Chairman of the Board, Martin Mucci.
  • In addition to her professional experience, she has served on the Federal Advisory Board of CyberArk, a publicly traded cybersecurity product company, and as a member of the Transformation Innovation Advisory Board of UniCredit S.p.A., the largest pan-European bank headquartered in Milan.
  • Ms. Payton's appointment to the Paychex Board of Directors is effective immediately.

Securitas enters into a 4+1 year term loan agreement refinancing a major part of the existing acquisition bridge facility

Retrieved on: 
Thursday, January 19, 2023
MUSD, Commerzbank, ING, Securitas AB, CET, CIC, Bank, Securitas, CFO, KBC, Bank Austria, Partnership, UniCredit, BBVA, Bank of America, Danske Bank, SEB, Acquisition, Bookrunner, Commercial, Credit

The proceeds will be used to refinance a large part of the remaining MUSD 2 315 bridge facility related to the acquisition of STANLEY Security which was closed on July 22, 2022.

Key Points: 
  • The proceeds will be used to refinance a large part of the remaining MUSD 2 315 bridge facility related to the acquisition of STANLEY Security which was closed on July 22, 2022.
  • "By entering into the long-term loan agreement we secure a major part of the remaining bridge facility after the STANLEY transaction with long-term debt at competitive terms.
  • It also creates flexibility in the future funding strategy as the facility can be repaid in advance.
  • The refinancing of the remaining part of the bridge facility is going according to plan", says Andreas Lindback, CFO of Securitas.

Securitas enters into a 4+1 year term loan agreement refinancing a major part of the existing acquisition bridge facility

Retrieved on: 
Thursday, January 19, 2023
MUSD, Commerzbank, ING, Securitas AB, CET, CIC, Bank, Securitas, CFO, KBC, Bank Austria, Partnership, UniCredit, BBVA, Bank of America, Danske Bank, SEB, Acquisition, Bookrunner, Commercial, Credit

The proceeds will be used to refinance a large part of the remaining MUSD 2 315 bridge facility related to the acquisition of STANLEY Security which was closed on July 22, 2022.

Key Points: 
  • The proceeds will be used to refinance a large part of the remaining MUSD 2 315 bridge facility related to the acquisition of STANLEY Security which was closed on July 22, 2022.
  • "By entering into the long-term loan agreement we secure a major part of the remaining bridge facility after the STANLEY transaction with long-term debt at competitive terms.
  • It also creates flexibility in the future funding strategy as the facility can be repaid in advance.
  • The refinancing of the remaining part of the bridge facility is going according to plan", says Andreas Lindback, CFO of Securitas.

Nextracker Files Registration Statement for Proposed Initial Public Offering

Retrieved on: 
Friday, January 13, 2023
Form, Barclays, J.P. Morgan & Co., HSBC, NXT, Broadridge Financial Solutions, Barclays Capital Inc. v. Theflyonthewall.com, Inc., Common stock, Telephone, Scotiabank, BofA Securities, Common, FLEX, SAN, UniCredit, BNP PARIBAS, Roth Capital Partners, Prospectus, KeyBank, Security (finance), Citigroup

SAN JOSE, Calif., Jan. 13, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of Nextracker's Class A common stock ("Common Stock"). In connection with the proposed offering, Nextracker intends to list its Common Stock on the Nasdaq Global Select Market under the ticker symbol "NXT." The timing, number of shares of Common Stock to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions.

Key Points: 
  • SAN JOSE, Calif., Jan. 13, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of Nextracker's Class A common stock ("Common Stock").
  • In connection with the proposed offering, Nextracker intends to list its Common Stock on the Nasdaq Global Select Market under the ticker symbol "NXT."
  • The timing, number of shares of Common Stock to be offered and the price range for the proposed offering have not yet been determined.
  • The registration statement relating to the proposed offering has been filed with the SEC but has not yet become effective.

EQS-News: OLB very successfully places first issue of a senior preferred bond in the amount of EUR 350 million

Retrieved on: 
Thursday, February 2, 2023
Moody's Investors Service, UniCredit, OLB, Oldenburgische Landesbank, Barclays, Deutsche Bank, Goldman Sachs, BNP, Security (finance), BAA2

Oldenburgische Landesbank (OLB) successfully placed its first senior preferred bond on the capital market on Tuesday, 24 January 2023, further diversifying its refinancing base.

Key Points: 
  • Oldenburgische Landesbank (OLB) successfully placed its first senior preferred bond on the capital market on Tuesday, 24 January 2023, further diversifying its refinancing base.
  • The three-year bond with a volume of 350 million euros was very well demanded by investors and exceeded expectations.
  • The inaugural bond was widely distributed among more than 70 investors.
  • "With the successful senior preferred issue, we have set another successful milestone in our capital market presence.