Mizuho Bank

Gatewood Capital Partners Announces Promotions

Retrieved on: 
Monday, April 1, 2024

Gatewood Capital Partners LLC (“Gatewood”), a premier private equity firm focused on seeding and anchoring emerging managers, today announced promotions and expanded roles of its team.

Key Points: 
  • Gatewood Capital Partners LLC (“Gatewood”), a premier private equity firm focused on seeding and anchoring emerging managers, today announced promotions and expanded roles of its team.
  • Mr. Zassman focuses on investment origination, due diligence and portfolio management at Gatewood.
  • Before joining Gatewood in 2021, Mr. Zassman held several positions at Blackstone Inc., most recently as a member of the Blackstone Strategic Capital Group’s investment team, focused on GP stakes investments.
  • Amir Aviv, Managing Partner of Gatewood, added, “These promotions and increased responsibilities reflect their contributions and positive impact at the firm and with our portfolio investments.

Rakuten Medical Closes $119 Million Series E Financing to Further Develop its Alluminox™ Platform

Retrieved on: 
Thursday, March 7, 2024

I would like to thank our many investors for having valued our achievements and great potential.

Key Points: 
  • I would like to thank our many investors for having valued our achievements and great potential.
  • Rakuten Medical also welcomed Mazen Darwazah, Hikma's Executive Vice Chairman and President of MENA region, to its Board of Directors.
  • Darwazah is an experienced executive with more than 38 years of pharmaceutical industry experience gained through serving in various positions within the Hikma Group.
  • In making this investment and appointment to the Board of Directors, Darwazah commented, "I am honoured to join Rakuten Medical's board.

Upcoming Webinar: Roundtable Discussion of the 2024 Global Internal Audit Standards Updates

Retrieved on: 
Monday, March 4, 2024

NEW YORK, March 4, 2024 /PRNewswire/ -- K2 Integrity, the leading risk and financial crimes advisory firm, today announced an upcoming webinar aimed at assisting organizations in navigating the latest updates to the Institute of Internal Auditors (IIA) Global Internal Audit Standards.

Key Points: 
  • NEW YORK, March 4, 2024 /PRNewswire/ -- K2 Integrity, the leading risk and financial crimes advisory firm, today announced an upcoming webinar aimed at assisting organizations in navigating the latest updates to the Institute of Internal Auditors (IIA) Global Internal Audit Standards.
  • The webinar, scheduled for Wednesday, 20 March 2024, from 12:30 pm to 1:30 pm ET, will feature a distinguished panel of experts delving into the significant changes introduced in the 2024 IIA Global Internal Audit Standards, and sharing strategies for successful implementation.
  • Joining the discussion will be David Hyman, Senior Vice President and Senior Audit Director at US Bank and Raakhee Jagwani, Director – Interim Head of Quality Assurance and Methodology at Mizuho Bank.
  • Moderating the session will be Yelena Talmazan, Managing Director – Financial Services, Internal Audit, and Risk Advisory Practice at K2 Integrity.

Upcoming Webinar: Roundtable Discussion of the 2024 Global Internal Audit Standards Updates

Retrieved on: 
Monday, March 4, 2024

NEW YORK, March 4, 2024 /PRNewswire/ -- K2 Integrity, the leading risk and financial crimes advisory firm, today announced an upcoming webinar aimed at assisting organizations in navigating the latest updates to the Institute of Internal Auditors (IIA) Global Internal Audit Standards.

Key Points: 
  • NEW YORK, March 4, 2024 /PRNewswire/ -- K2 Integrity, the leading risk and financial crimes advisory firm, today announced an upcoming webinar aimed at assisting organizations in navigating the latest updates to the Institute of Internal Auditors (IIA) Global Internal Audit Standards.
  • The webinar, scheduled for Wednesday, 20 March 2024, from 12:30 pm to 1:30 pm ET, will feature a distinguished panel of experts delving into the significant changes introduced in the 2024 IIA Global Internal Audit Standards, and sharing strategies for successful implementation.
  • Joining the discussion will be David Hyman, Senior Vice President and Senior Audit Director at US Bank and Raakhee Jagwani, Director – Interim Head of Quality Assurance and Methodology at Mizuho Bank.
  • Moderating the session will be Yelena Talmazan, Managing Director – Financial Services, Internal Audit, and Risk Advisory Practice at K2 Integrity.

MUFG continues to strategically invest in Leveraged Credit business with key new hire

Retrieved on: 
Tuesday, February 27, 2024

He joins MUFG from Legal & General Investment Management (LGIM) America where he was a Senior High Yield Analyst.

Key Points: 
  • He joins MUFG from Legal & General Investment Management (LGIM) America where he was a Senior High Yield Analyst.
  • Additionally, Mark Schillings, Sarah Henry, and Chris Sym recently joined MUFG as a Director and Vice Presidents, respectively, on the Leveraged Credit Distribution team.
  • Prior to joining MUFG, Mark held various positions at Bank of America and Goldman Sachs, covering high yield, cross credit, and leveraged finance sales.
  • Sarah came to MUFG's Credit Trading team from Royal Bank of Canada, where she spent more than six years in their Capital Markets business.

Indonesia Buy Now Pay Later Business Report 2024: BNPL Firms are Projected to Raise Funding Rounds to Scale their Business and Drive Growth in 2024 - Forecasts to 2029 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 13, 2024

The booming e-commerce market and a large unbanked population are among the leading growth drivers for the BNPL market.

Key Points: 
  • The booming e-commerce market and a large unbanked population are among the leading growth drivers for the BNPL market.
  • In Southeast Asia, Indonesia is expected to lead the regional growth of the BNPL industry over the next two years.
  • Going forward, in 2024, the publisher expects more such BNPL providers to raise venture capital and private equity funding in Indonesia.
  • Develop proactive and lucrative business strategies through market intelligence and forward-looking analysis of BNPL market spend and major opportunities in Indonesia.

Orbus Software Accelerates with 56% SaaS Platform Growth in 2023

Retrieved on: 
Thursday, February 1, 2024

Enterprise transformation platform provider Orbus Software , today announced it has met its forecasted annual recurring revenue (ARR) target for 2023, achieving 30% year-on-year growth.

Key Points: 
  • Enterprise transformation platform provider Orbus Software , today announced it has met its forecasted annual recurring revenue (ARR) target for 2023, achieving 30% year-on-year growth.
  • The ARR of the company’s flagship product and software-as-a-service (SaaS) platform OrbusInfinity grew by 56% in 2023, which is 26 times greater than its value in December 2020.
  • This key milestone enabled Orbus to hit profitability in Q3 2023, a quarter earlier than planned.
  • Throughout 2023, Orbus maintained its net revenue retention rate of 112% from 2022 and increased cloud customer retention from 96% in 2022 to 97% in 2023.

SBA Communications Completes $4.05 Billion Senior Secured Financing

Retrieved on: 
Thursday, January 25, 2024

SBA Communications Corporation (NASDAQ: SBAC) ("SBA" or the "Company" ) announced today that its wholly owned subsidiary, SBA Senior Finance II LLC ("SBA Senior Finance II"), has obtained a new $2.3 billion, seven-year, senior secured Term Loan B (the "Term Loan") and has increased and extended the maturity of its five-year senior secured revolving credit facility (the "Revolving Credit Facility").

Key Points: 
  • SBA Communications Corporation (NASDAQ: SBAC) ("SBA" or the "Company" ) announced today that its wholly owned subsidiary, SBA Senior Finance II LLC ("SBA Senior Finance II"), has obtained a new $2.3 billion, seven-year, senior secured Term Loan B (the "Term Loan") and has increased and extended the maturity of its five-year senior secured revolving credit facility (the "Revolving Credit Facility").
  • The $2.3 billion Term Loan was issued at 99.75% of par value and will mature in January 2031.
  • The Company expects to use the proceeds from the Term Loan to refinance the 2018 Term Loan and to pay related fees and expenses.
  • The Company also increased its existing Revolving Credit Facility from $1.50 billion to $1.75 billion and extended its maturity to January 2029.

HPE to Acquire Juniper Networks to Accelerate AI-Driven Innovation

Retrieved on: 
Tuesday, January 9, 2024

Hewlett Packard Enterprise (NYSE: HPE) and Juniper Networks, Inc. (NYSE: JNPR), a leader in AI-native networks, today announced that the companies have entered a definitive agreement under which HPE will acquire Juniper in an all-cash transaction for $40.00 per share, representing an equity value of approximately $14 billion.

Key Points: 
  • Hewlett Packard Enterprise (NYSE: HPE) and Juniper Networks, Inc. (NYSE: JNPR), a leader in AI-native networks, today announced that the companies have entered a definitive agreement under which HPE will acquire Juniper in an all-cash transaction for $40.00 per share, representing an equity value of approximately $14 billion.
  • The combination of HPE and Juniper advances HPE’s portfolio mix shift toward higher-growth solutions and strengthens its high-margin networking business, accelerating HPE’s sustainable profitable growth strategy.
  • Upon completion of the transaction, Juniper CEO Rami Rahim will lead the combined HPE networking business, reporting to HPE President and CEO Antonio Neri.
  • HPE and Juniper will host a conference call tomorrow at 7:30 a.m. CT (8:30 a.m.

FHLBank Pittsburgh Announces 2024 Board Leadership

Retrieved on: 
Friday, January 5, 2024

FHLBank Pittsburgh welcomes Brendan J. McGill as incoming FHLBank Pittsburgh Board Chair and is pleased to announce Louise Herrle was reelected as Board Vice Chair for another two-year term.

Key Points: 
  • FHLBank Pittsburgh welcomes Brendan J. McGill as incoming FHLBank Pittsburgh Board Chair and is pleased to announce Louise Herrle was reelected as Board Vice Chair for another two-year term.
  • Mr. McGill joined the Board of Directors in 2017 and Ms. Herrle joined in 2018.
  • Mr. McGill is actively involved in the community; he is currently on the board and a member of Pennsylvania Bankers Association’s Services Corporation.
  • Visit our Leadership page and click Board of Directors to learn more: https://www.fhlb-pgh.com/leadership .