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Hudson Pacific Completes $455 Million Bentall Centre Loan Refinancing

Retrieved on:

Thursday, November 9, 2023

Commercial Building & Real Estate, Construction & Property, Finance, Banking, Accounting, Professional Services, REIT, Business, Pacific Northwest, Sculpture, CAD, RBC, Blackstone, NYSE, Partnership, Hudson Pacific Properties, Commercial property, Bentall Centre

Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, announced today the successful refinancing of the loan secured by Bentall Centre, a 1.5 million-square-foot office property located in Vancouver, British Columbia and owned in partnership with Blackstone.

Key Points:

Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, announced today the successful refinancing of the loan secured by Bentall Centre, a 1.5 million-square-foot office property located in Vancouver, British Columbia and owned in partnership with Blackstone.
Upon the closing of this refinancing, Hudson Pacific has no debt maturities until December 2024.
Since acquiring the property in 2019, Hudson Pacific and Blackstone have made significant capital investments in Bentall Centre to ensure the campus remains a vibrant part of the downtown core.
The partnership also added programmable LED lighting to the tower crowns, making Bentall Centre a dynamic night-time landmark within the Vancouver skyline.

Virgin Pulse and HealthComp Complete Merger

Retrieved on:

Thursday, November 9, 2023

Health, Behavior, Kirkland & Ellis, Ropes & Gray, Virgin Group, Homebase, Blackstone, McDermott Will & Emery, Pulse, Medical device, R.I

PROVIDENCE, R.I. and FRESNO, Calif., Nov. 9, 2023 /PRNewswire/ -- Virgin Pulse, a leading global digital-first health, wellbeing, and navigation company, and HealthComp, a next-generation benefits and analytics platform, today announced the completion of their merger. Together, the new company will address the issues of increasing healthcare costs and complexity with an innovative, holistic approach that brings together engaging technology, data, and expert services in an all-in-one platform.

Key Points:

New company poised to improve costs and outcomes with comprehensive employer health platform that combines AI-powered technology, valuable data insights, and live expert support
PROVIDENCE, R.I. and FRESNO, Calif., Nov. 9, 2023 /PRNewswire/ -- Virgin Pulse , a leading global digital-first health, wellbeing, and navigation company, and HealthComp , a next-generation benefits and analytics platform, today announced the completion of their merger.
Together the company will deliver:
"Today is an exciting day for our clients, members, and employees," said Chris Michalak, CEO of Virgin Pulse and HealthComp.
J.P. Morgan Securities LLC acted as financial advisor to HealthComp.
Evercore acted as financial advisor to Virgin Pulse, with Kirkland & Ellis LLP and McDermott Will & Emery LLP serving as legal advisors.

LXA Raises US$10M in Seed Funding Round Led by NEA

Retrieved on:

Thursday, November 9, 2023

Senior, Insurance, New Enterprise Associates, Blackstone, LXA, NEA, Bank

SINGAPORE, Nov. 8, 2023 /PRNewswire/ -- LXA, a technology startup focused on reimagining Asia's mortgage ecosystem, today announced the completion of its US$10 million seed funding round led by New Enterprise Associates, Inc. (NEA), with participation from Openspace Ventures and EDBI. Geared towards matching institutional capital pools and residential mortgage borrowers, this platform aims to utilize end-to-end technology to streamline the entire mortgage lifecycle, from loan origination and borrower processing to loan servicing.

Key Points:

SINGAPORE, Nov. 8, 2023 /PRNewswire/ -- LXA, a technology startup focused on reimagining Asia's mortgage ecosystem, today announced the completion of its US$10 million seed funding round led by New Enterprise Associates, Inc. (NEA), with participation from Openspace Ventures and EDBI.
LXA was founded in early 2023 by seasoned executives across the asset management, insurance, mortgage, and technology industries to bridge the gap between mortgage assets and institutional capital in Asia, beginning with Singapore.
Beyond being good business and highly customer-centric, this has the potential to drive economic growth and prosperity in Asia."
Andrew Schoen, Partner at NEA, said, "We believe Kishore and Shawn's visionary approach, experienced leadership, and commitment to innovation towards developing a modern mortgage platform is a game-changer.

Amicus Therapeutics Announces Third Quarter 2023 Financial Results and Corporate Updates

Retrieved on:

Wednesday, November 8, 2023

Based on the current operating plan, the Company is on-track to achieve non-GAAP profitability2 in the fourth quarter of 2023, a major milestone for Amicus.

Key Points:

Based on the current operating plan, the Company is on-track to achieve non-GAAP profitability2 in the fourth quarter of 2023, a major milestone for Amicus.
Total revenue in the third quarter 2023 was $103.5 million, a year-over-year increase of 27% from total revenue of $81.7 million in the third quarter 2022.
ET to discuss the third quarter 2023 financial results and corporate updates.
A live audio webcast and related presentation materials can also be accessed via the Investors section of the Amicus Therapeutics corporate website at ir.amicusrx.com .

AYPA POWER SECURES $550 MILLION PORTFOLIO FINANCING FOR BORDEN COUNTY AND CALD BATTERY STORAGE PROJECTS

Retrieved on:

Wednesday, November 8, 2023

MUFG Bank, First Citizens BancShares, National Bank of Canada, National bank, Project finance, IPP, MUFG, Overalls, Blackstone, San Diego Gas & Electric, Security (finance), Renewable energy, CALD, Nomura

This portfolio financing supports both the Cald project, a 100 MW / 400 MWh standalone battery storage project in urban Los Angeles, California which secured a long-term tolling agreement with San Diego Gas & Electric, and the Borden County project, a 150 MW / 300 MWh battery storage project in Texas.

Key Points:

This portfolio financing supports both the Cald project, a 100 MW / 400 MWh standalone battery storage project in urban Los Angeles, California which secured a long-term tolling agreement with San Diego Gas & Electric, and the Borden County project, a 150 MW / 300 MWh battery storage project in Texas.
Our financial partners are confident in Aypa Power's ability to deliver impactful energy solutions benefitting both the grid and Aypa's customers.
"It is our pleasure to partner with Aypa as the tax equity investor," said U.S. Bancorp Impact Finance Senior Vice President Adam Altenhofen.
"Our financing helps facilitate the energy transition and it's exciting to consider the potential impact of these projects in California and Texas."

Walmart Blackstone Black Friday Deals (2023): Best Early 4-Burner 36”, 2-Burner 28”, Adventure Ready 22” & More Griddle Sales Reported by Deal Tomato

Retrieved on:

Tuesday, November 7, 2023

Food, Beverage, Home Goods, Online Retail, Other Retail, Retail, Black Friday, Egg, Blackstone, Walmart, Cooking

Click here to check out all the deals available at Walmart right now.

Key Points:

Click here to check out all the deals available at Walmart right now.
Deal Tomato earns commissions from purchases made using the links provided.
On November 24, 2023, Black Friday, one of the most anticipated shopping events of the year, will take place.
Shoppers can expect substantial discounts, deals, and promotions across a wide array of products, both in brick-and-mortar stores and online retailers.

Number of active GPs in Gulf Cooperation Council doubles as domestic opportunities emerge — Preqin reports

Retrieved on:

Monday, November 6, 2023

Exhilway private capital market, GCC, Silver, United Arab Emirates, Gulf Cooperation Council, Capital, AUM, SWF, Blackstone, CVC Capital Partners, YTD, Cryptocurrency, Security (finance), Preqin

LONDON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Preqin , the global leader in alternative assets data, tools, and insights, published its Private Capital in the Gulf Cooperation Council 2023: Preqin Territory Guide report.

Key Points:

LONDON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Preqin , the global leader in alternative assets data, tools, and insights, published its Private Capital in the Gulf Cooperation Council 2023: Preqin Territory Guide report.
The report explores how the alternatives market in the Gulf Cooperation Council (GCC)* is increasingly looking to domestic investment opportunities, beyond oil.
Preqin data and insights in the report point to how the GCC is emerging as a potential destination for capital deployment.
Furthermore, the 529 active GPs in GCC member countries as of 2023 has nearly doubled from 268 in 2018.

Autolus Therapeutics Reports Third Quarter 2023 Financial Results and Business Updates

Retrieved on:

Thursday, November 2, 2023

Patients continue to be enrolled and initial data will be presented at ASH in December 2023.

Key Points:

Patients continue to be enrolled and initial data will be presented at ASH in December 2023.
Financial Results for the Third Quarter Ended September 30, 2023
Cash and cash equivalents at September 30, 2023, totaled $256.4 million, as compared to $382.4 million at December 31, 2022.
Autolus estimates that its current cash and cash equivalents on hand and anticipated future milestone payment from Blackstone will extend the Company’s cash runway into 2025.
Unaudited Financial Results for the Third Quarter Ended September 30, 2023

The Riverside Company Signs Definitive Agreement to Sell Leading Energy Analytics Software Provider Energy Exemplar to Blackstone & Vista Equity Partners

Retrieved on:

Tuesday, October 31, 2023

Sale, Vista, NYSE, EE, Vista Equity Partners, RAF, Growth, Marketing, Partnership, Consultant, Siemens Digital Industries Software, Blackstone, Accounting, Financial adviser, Renewable energy, Wildlife Australia Fund

CLEVELAND, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The Riverside Company (Riverside), a global private investment firm focused on the smaller end of the middle market, has signed a definitive agreement to sell Energy Exemplar (EE), a leading simulation software provider for the global power market, to private equity funds affiliated with Blackstone (NYSE:BX) and Vista Equity Partners (Vista).

Key Points:

CLEVELAND, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The Riverside Company (Riverside), a global private investment firm focused on the smaller end of the middle market, has signed a definitive agreement to sell Energy Exemplar (EE), a leading simulation software provider for the global power market, to private equity funds affiliated with Blackstone (NYSE:BX) and Vista Equity Partners (Vista).
Riverside’s Australia Fund (RAF) invested in EE in 2017.
“We’re incredibly proud of our partnership and accomplishments with Energy Exemplar over the past six years,” said RAF Managing Partner Simon Feiglin.
“Taking a small Australian company and building it into a leading Energy Analytics platform enabling the energy transition globally has been a truly transformational journey, and at every step, the partnership with Riverside has been pivotal,” said Energy Exemplar CEO David Wilson.

US Anesthesia Drugs and Devices Market Set to Reach $6.83 Billion in 2023, Driven by Growing Healthcare Expenditure - ResearchAndMarkets.com

Retrieved on:

Monday, November 6, 2023

The US anesthesia drugs and devices market is divided into two primary segments: anesthesia drugs and anesthesia devices.

Key Points:

The US anesthesia drugs and devices market is divided into two primary segments: anesthesia drugs and anesthesia devices.
Among these segments, anesthesia drugs currently hold the majority share, while the anesthesia devices segment is expected to experience substantial growth due to increased healthcare expenditure in the region.
In terms of types, the US anesthesia drugs market is categorized into General, Local, and other anesthesia.
The development of novel anesthesia drugs through pharmaceutical R&D is expected to create growth opportunities in the "other anesthesia drugs" segment.