DEG

Adenia Partners Announces Acquisition of the Courier Guy to Enhance Last-Mile Delivery Services in South Africa

Retrieved on: 
Friday, March 1, 2024

Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has acquired 100% of The Courier Guy, a leader in last-mile delivery and express parcel (CEP) services in South Africa, alongside co-investors DEG, Proparco, and South Suez.

Key Points: 
  • Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has acquired 100% of The Courier Guy, a leader in last-mile delivery and express parcel (CEP) services in South Africa, alongside co-investors DEG, Proparco, and South Suez.
  • This acquisition, made through Adenia Capital (V) LP, marks the second investment of Adenia’s fifth flagship fund, Adenia V, and demonstrates the firm’s commitment to the fast-evolving last-mile delivery landscape in South Africa.
  • The Courier Guy is South Africa’s leading courier service with an extensive network of delivery partners, kiosks, and more than 1,200 pudo smart lockers across the country.
  • It underscores our collective belief in the vast potential of the last-mile delivery sector in South Africa.

Horizon Capital Closes its Ukraine Fund IV at $350m, $100m above Target

Retrieved on: 
Friday, February 23, 2024

KYIV, Ukraine, Feb. 23, 2024 /PRNewswire/ -- Horizon Capital, a leading U.S. private equity firm, is pleased to announce that its latest Ukraine-focused fund, Horizon Capital Growth Fund IV ("HCGF IV", the "Fund"), has reached $350 million in commitments at its Final Closing held in Tokyo on February 19, 2024, boosting AUM to $1.6 billion.

Key Points: 
  • KYIV, Ukraine, Feb. 23, 2024 /PRNewswire/ -- Horizon Capital, a leading U.S. private equity firm, is pleased to announce that its latest Ukraine-focused fund, Horizon Capital Growth Fund IV ("HCGF IV", the "Fund"), has reached $350 million in commitments at its Final Closing held in Tokyo on February 19, 2024, boosting AUM to $1.6 billion.
  • The Fund invests growth capital alongside visionary entrepreneurs leading fast-growing primarily tech and export-oriented companies, as well as select domestic champions, in Ukraine and Moldova (the "Region"), with a pipeline of 80+ investments.
  • The Fund has already concluded three investments to fast-growing, innovative tech companies, providing growth capital to expand their R&D platforms in Ukraine and enhance their international reach.
  • Lenna Koszarny, Founding Partner and CEO of Horizon Capital, said: "This historic fund is dedicated to the visionary entrepreneurs of Ukraine.

Horizon Capital Closes its Ukraine Fund IV at $350m, $100m above Target

Retrieved on: 
Friday, February 23, 2024

KYIV, Ukraine, Feb. 23, 2024 /PRNewswire/ -- Horizon Capital, a leading U.S. private equity firm, is pleased to announce that its latest Ukraine-focused fund, Horizon Capital Growth Fund IV ("HCGF IV", the "Fund"), has reached $350 million in commitments at its Final Closing held in Tokyo on February 19, 2024, boosting AUM to $1.6 billion.

Key Points: 
  • KYIV, Ukraine, Feb. 23, 2024 /PRNewswire/ -- Horizon Capital, a leading U.S. private equity firm, is pleased to announce that its latest Ukraine-focused fund, Horizon Capital Growth Fund IV ("HCGF IV", the "Fund"), has reached $350 million in commitments at its Final Closing held in Tokyo on February 19, 2024, boosting AUM to $1.6 billion.
  • The Fund invests growth capital alongside visionary entrepreneurs leading fast-growing primarily tech and export-oriented companies, as well as select domestic champions, in Ukraine and Moldova (the "Region"), with a pipeline of 80+ investments.
  • The Fund has already concluded three investments to fast-growing, innovative tech companies, providing growth capital to expand their R&D platforms in Ukraine and enhance their international reach.
  • Lenna Koszarny, Founding Partner and CEO of Horizon Capital, said: "This historic fund is dedicated to the visionary entrepreneurs of Ukraine.

Cineverse Reports Second Quarter Fiscal Year 2024 Results

Retrieved on: 
Tuesday, November 14, 2023

LOS ANGELES, Nov. 14, 2023 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for the fiscal second quarter ended September 30, 2023 ("Q2 FY 2024"). 

Key Points: 
  • Operating Expenses Decreased by $6.3 Million, or 34%
    Adjusted EBITDA Increased by $3.7 Million, or 283%, to $2.4 Million
    LOS ANGELES, Nov. 14, 2023 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for the fiscal second quarter ended September 30, 2023 ("Q2 FY 2024").
  • Q2 FY 2024 Highlights (all comparisons are to the prior year fiscal quarter ended September 30, 2022):
    During the Quarter, the Company's initiatives to reduce operating costs, optimize our streaming channel portfolio and increase margins had a very positive impact on our financial results.
  • Last quarter, the Company launched Cineverse Services India ("Cineverse Services"), a new business unit that expands upon the Company's successful India operations to consolidate Cineverse's support operations at vastly reduced costs.
  • ET today (Tuesday, November 14, 2023), during which management will discuss the results of the fiscal second quarter ended September 30, 2023.

Cineverse Nominated for DEG's EnTech Awards in the Technology Innovation Category

Retrieved on: 
Monday, September 25, 2023

The award honors an individual or a team for identifying a problem and creating a novel solution, e.g.

Key Points: 
  • The award honors an individual or a team for identifying a problem and creating a novel solution, e.g.
  • There may be one award for each of the business categories, with up to three awards in total.
  • It will present the third annual EnTech Awards, formerly known as TechOps Awards, live and in person in Los Angeles on October 12, 2023.
  • The DEG EnTech Awards and Recognition event will honor exceptional technology accomplishments in the digital supply chain and digital distribution achieved by both companies and individuals.

Adenia Appoints Head of Investor Relations as Firm to Exceed Fund V Target

Retrieved on: 
Wednesday, September 6, 2023

Adenia Partners (“Adenia”), a private markets investment firm committed to responsible investing and a sustainable Africa, is pleased to announce that the firm has appointed Mack Schow as its Head of Investor Relations.

Key Points: 
  • Adenia Partners (“Adenia”), a private markets investment firm committed to responsible investing and a sustainable Africa, is pleased to announce that the firm has appointed Mack Schow as its Head of Investor Relations.
  • Schow joins Adenia with more than a decade of experience at the German Investment Corporation (DEG), Germany’s development finance institution (DFI).
  • The creation of the Head of Investor Relations position represents a significant milestone in the development of Adenia, which was founded in 2002.
  • The move to build out firm leadership comes as Adenia will exceed its $400 million target fundraise for its latest Fund V. The new position and Schow’s hiring signal the firm’s growth and its expanded presence across the continent.

Global Ethylene Glycols Market 2023: Launch of Bio-based Versions is one of the Many Product Innovations Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 13, 2023

Increased demand for ethylene glycol in the manufacture of plastic packaging is another factor promoting market expansion.

Key Points: 
  • Increased demand for ethylene glycol in the manufacture of plastic packaging is another factor promoting market expansion.
  • Because of this, polyester fibres are increasingly being used as a cushioning material in pillows, comforters, and upholstery padding, which is driving the market for ethylene glycol.
  • The launch of bio-based versions is just one of the many product innovations that are having a beneficial influence on the market expansion.
  • Based on region the global ethylene glycols market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Envision Powers Central Asia's Largest Wind Development - 1 GW Bash & Dzhankeldy

Retrieved on: 
Tuesday, June 20, 2023

TASHKENT, Uzbekistan, June 20, 2023 /PRNewswire/ -- Envision Energy, a world-leading renewable energy company, is proud to announce its pivotal role as turbine supplier for the 1 GW Bash & Dzhankeldy wind projects in Uzbekistan.

Key Points: 
  • TASHKENT, Uzbekistan, June 20, 2023 /PRNewswire/ -- Envision Energy, a world-leading renewable energy company, is proud to announce its pivotal role as turbine supplier for the 1 GW Bash & Dzhankeldy wind projects in Uzbekistan.
  • Envision Energy's EN171-6.5 wind turbines are integral to these projects' operational and financial frameworks.
  • The Bash & Djankeldy wind projects will contribute immensely to Uzbekistan's objective of installing 5000 MW of wind energy by 2030.
  • We're proud to drive renewable energy expansion in Uzbekistan and beyond, furthering the growth and sustainability of the renewable energy sector."

Merkle Launches Global Center of Excellence for Digital Marketplaces; Unveils Transformational Work for Top Brands

Retrieved on: 
Monday, June 12, 2023

Appointed to lead the Center of Excellence is Paul Lynch, Merkle's Experience & Commerce practice leader for the United Kingdom and Ireland, orchestrating a global team of experts.

Key Points: 
  • Appointed to lead the Center of Excellence is Paul Lynch, Merkle's Experience & Commerce practice leader for the United Kingdom and Ireland, orchestrating a global team of experts.
  • In total, marketplaces implemented by Merkle for B2C and B2B brands generate over $2 billion in GMV (gross merchandise value) yearly.
  • "Merkle is already a global leader in realizing the potential of marketplace business models for B2C and B2B brands," said Holden Bale, global head of Experience & Commerce for Merkle.
  • Merkle's global Experience & Commerce practice has brought together leading agencies from around the world, including Isobar, LiveArea, Shift7, HelloWorld, and DEG into one global community.

Bitget Announces Degis (DEG) Listed on CandyBomb

Retrieved on: 
Friday, May 5, 2023

Victoria, Seychelles--(Newsfile Corp. - May 5, 2023) - Bitget is thrilled to announce that Degis (DEG) will be listed on CandyBomb soon.

Key Points: 

Victoria, Seychelles--(Newsfile Corp. - May 5, 2023) - Bitget is thrilled to announce that Degis (DEG) will be listed on CandyBomb soon.
CandyBomb is a candy airdrop platform recently launched by Bitget. Users who complete tasks and get tickets will win token airdrops.