Industrial technology

Plocamium Holdings Launches New Service Targeting Middle Market Companies to Increase Value Creation Through Expertise and Strategic Investment

Retrieved on:

Tuesday, April 9, 2024

Packaging, Professional Services, Manufacturing, Finance, Philosophy, Industrial technology, Container, Growth

Plocamium Holdings ("PH"), a newly launched private equity services firm, announced today it has begun working with middle market companies and sponsors to improve growth and drive greater returns and performance for those companies and investors.

Key Points:

Plocamium Holdings ("PH"), a newly launched private equity services firm, announced today it has begun working with middle market companies and sponsors to improve growth and drive greater returns and performance for those companies and investors.
PH offers a unique suite of expertise that can evaluate a company’s strengths and weaknesses from the C-Suite to the factory floor.
It has begun working with companies in the global Healthcare Technology and Services, Defense, Industrial Technology, and Containers and Packaging sectors and is a trusted partner of companies with enterprise values between $10m and $500m.
“This is a $5 billion to $10 billion market in the United States, growing to more than $20 billion globally.

MIRDC Showcases Exceptional Innovations at 2024 RIN Summit with Taiwan RTOs

Retrieved on:

Wednesday, April 3, 2024

KAOHSIUNG, April 3, 2024 /PRNewswire/ -- RTOs International Network (RIN), an entity within the European Association of Research and Technology Organizations (EARTO), Europe's premier network of R&D institutions, convened its inaugural meeting in Taiwan this year.

Key Points:

KAOHSIUNG, April 3, 2024 /PRNewswire/ -- RTOs International Network (RIN), an entity within the European Association of Research and Technology Organizations (EARTO), Europe's premier network of R&D institutions, convened its inaugural meeting in Taiwan this year.
Chiou Chyou-Huey, Director General of the Department of Industrial Technology at the Ministry of Economic Affairs (MOEA), together with the chief executives of RIN member organizations and delegates from various R&D institutions, assembled at the Grand Hyatt Taipei on March 27th for the 2024 RIN Summit with Taiwan RTOs.
MIRDC exhibited its leading-edge technology and expertise in industrialization, with focus on overcoming challenges faced by local industries and facilitating their access to global markets.
Yung-Hsiang Lai, President of MIRDC, stated that the two milestones are a testament to the organization's commitment to fostering industrial innovation and pursuing international collaboration.

Capstone Partners Reports: Middle Market M&A Valuations Soften, Market Participants are Optimistic for a Recovery in 2024

Retrieved on:

Thursday, March 21, 2024

EV, Transport, Corporate services, Fintech, YOY, Industrial technology, Federal, Dislocation, Acquisition, Capstone Partners, Federal Reserve, Telecom, Optimism, Commercial property

BOSTON, March 21, 2024 /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, released its 2023 Middle Market M&A Valuations Index, reporting that while equity markets largely shrugged off the rapid succession of interest rate hikes in 2023, middle market merger and acquisition (M&A) valuations experienced downward pressure.

Key Points:

BOSTON, March 21, 2024 /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, released its 2023 Middle Market M&A Valuations Index, reporting that while equity markets largely shrugged off the rapid succession of interest rate hikes in 2023, middle market merger and acquisition (M&A) valuations experienced downward pressure.
While business owners encountered a challenging valuation environment, several bright spots of the market have provided optimism for resilience and recovery in transaction value in 2024.
Buyers demonstrated heightened discipline in middle market M&A processes in 2023, refraining from overextending themselves to acquire target companies.
This may have coincided with buyers moving to lower levels of the middle market, a common occurrence amid market uncertainty.

CHC Shifts Biking Accessibility into Higher Gear with Official Handcycle Launch at Taipei Cycle 2024

Retrieved on:

Tuesday, March 12, 2024

Carbon, Economy, Biophysical environment, Vital signs, Internet of things, BAS, ESG, Industrial technology, Heart rate, Ministry of the economy, Social responsibility, CHC, Safety, Sustainability, Ministry

TAIPEI, March 12, 2024 /PRNewswire/ -- At Taipei Cycle 2024 (March 5-10), the Cycling and Health Tech Industry R&D Center (CHC), a leader in bicycle design based in Taiwan, took a major step in expanding accessibility and inclusion in the biking ecosystem through formally launching its innovative handcycle for physically challenged riders to enjoy the outdoors. Also during the event, the Center and its partner, the Bicycle Alliance for Sustainability (BAS), joined hands with key players involved in Taiwan's bicycle industry to collectively pledge to take action across several sustainable and socially responsible focus areas.

Key Points:

TAIPEI, March 12, 2024 /PRNewswire/ -- At Taipei Cycle 2024 (March 5-10), the Cycling and Health Tech Industry R&D Center (CHC) , a leader in bicycle design based in Taiwan, took a major step in expanding accessibility and inclusion in the biking ecosystem through formally launching its innovative handcycle for physically challenged riders to enjoy the outdoors.
"We envision a more accessible, inclusive, sustainable, and socially conscious bicycling community worldwide," remarked Chairman Pai of the CHC.
"With the launch of the Handcycle and this pledge, we are setting the wheels in motion to realize this vision."
CHC will partner with Gomier Manufacturing Co. to bring its Handcycle to customers through manufacturing and sales.

Keystone Capital Closes Oversubscribed Fund III

Retrieved on:

Tuesday, February 20, 2024

Professional Services, Business, Small Business, Other Professional Services, Finance, Asset Management, Food, Kirkland & Ellis, Engineering, Fund, Industrial technology, Insurance

Keystone Capital Management , LP (“Keystone” or the “Firm”), a lower middle market alternative investment manager, is pleased to announce the one and final closing of Keystone Fund III (“Fund III” or the “Fund”) at its hard cap of $630 million in capital commitments.

Key Points:

Keystone Capital Management , LP (“Keystone” or the “Firm”), a lower middle market alternative investment manager, is pleased to announce the one and final closing of Keystone Fund III (“Fund III” or the “Fund”) at its hard cap of $630 million in capital commitments.
Fund III was oversubscribed with fundraising completed in four months, and Keystone professionals continuing to represent the largest single investor in the Fund.
We raised this fund in just under four months and are proud to have 100% of our Fund II institutional investors return.
Kirkland & Ellis LLP provided legal counsel on the fundraise for Fund III, and the Fund was raised without a placement agent.

D.A. Davidson Expands Diversified Industrials Vertical with Two Senior Hires

Retrieved on:

Thursday, February 15, 2024

Davidson has hired Paul Colone and Chris Donegan to expand its Diversified Industrials group to focus on the Specialty Materials and Industrial Automation sectors.

Key Points:

Davidson has hired Paul Colone and Chris Donegan to expand its Diversified Industrials group to focus on the Specialty Materials and Industrial Automation sectors.
(Photo: Business Wire)
“We are excited to continue our methodical expansion of our Diversified Industrials practice,” said Tim Sznewajs, D.A.
Davidson Managing Director and Head of Diversified Industrials, Investment Banking.
The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions, and technology.

LG EARNS AI MANAGEMENT SYSTEM CERTIFICATION, CONTINUES TO DRIVE RESPONSIBLE INNOVATION

Retrieved on:

Thursday, February 15, 2024

SEOUL, South Korea, Feb. 15, 2024 /PRNewswire/ -- LG Electronics (LG) has recently achieved a significant milestone by obtaining the AI Management System (AIMS) certification (ISO/IEC 42001) from the Korean Standards Association (KSA).[1] This certification demonstrates LG's commitment to prioritizing data security and embracing responsible AI management practices throughout the entire lifecycle of its AI-powered home appliances.

Key Points:

[1] This certification demonstrates LG's commitment to prioritizing data security and embracing responsible AI management practices throughout the entire lifecycle of its AI-powered home appliances.
[2] AIMS certification validates that a company has not only implemented but also maintains and continuously improves an AI Management System, demonstrating a responsible and ethical approach to developing and utilizing AI-based solutions.
The stringent assessment criteria of ISO/IEC 42001 cover various aspects, including AI policy formulation, risk assessment, risk management, ethical compliance, regulatory responsiveness and transparency in AI management processes.
Additionally, LG obtained AI Safety Certification from the Korea Institute of Industrial Technology (KITECH) for the AI functionalities integrated into the LG WashTower.

McNally Capital Announces Promotions of Six Team Members, Including Ravi Shah to Partner

Retrieved on:

Wednesday, February 14, 2024

McNally Capital (“McNally”), a private equity firm, is pleased to announce the promotion of six team members , including Ravi P. Shah to Partner.

Key Points:

McNally Capital (“McNally”), a private equity firm, is pleased to announce the promotion of six team members , including Ravi P. Shah to Partner.
Ravi joined McNally Capital in 2016 and focuses on leading the investment team across the National Security, Aerospace, and Industrial Technology & Automation industries.
“We are thrilled to congratulate Ravi on his well-deserved promotion to Partner,” said Ward McNally, Founder, Co-CEO, and Managing Partner of McNally Capital.
Mike and Ravi co-lead the execution of the firm’s National Security investment thesis in partnership with Nio Advisors, a McNally Capital industry partner.

Capstone Partners Strengthens Industry Coverage for 2024 with Additional Agriculture and Industrial Technology Expertise

Retrieved on:

Tuesday, February 6, 2024

Internet, Robotics, Internet of things, Capstone Partners, Industrial technology, Automation, Society, Chassis Plans, Partner, Senior advisor, ID, Acquisition, Sale, Investment, Software, Aeronautics, CFA, Dairy Farmers of America, Financial services

Dana joins Capstone from Drake Star Partners, a middle market investment banking firm in New York, where he was a Partner and led the firm's Industrial Technology practice.

Key Points:

Dana joins Capstone from Drake Star Partners, a middle market investment banking firm in New York, where he was a Partner and led the firm's Industrial Technology practice.
Dana commented, "I am thrilled to join Capstone and expand its coverage in the Industrial Technology Industry.
Peter Nam, Head of the firm's Industrial Technology Group, added, "We are extremely excited that Steven Dana has joined our team.
Capstone is well positioned to respond to important trends affecting today's Agriculture industry, including vertical integration, consolidation, and generational transfers."

TJC Closes $6.85 Billion for Resolute Fund VI

Retrieved on:

Wednesday, January 31, 2024

Fintech, Asset Management, Professional Services, Finance, Fund, Growth, Capital Group Companies, Consumer, TJC, Investment, Chemistry, Culture, Health care, Insurance, Industrial technology, Financial services

TJC LP (“TJC”), a middle-market private equity firm investing primarily in North American businesses, today announced the closing of The Resolute Fund VI, L.P. (“Resolute VI” or the “Fund”), totaling $6.85 billion.

Key Points:

TJC LP (“TJC”), a middle-market private equity firm investing primarily in North American businesses, today announced the closing of The Resolute Fund VI, L.P. (“Resolute VI” or the “Fund”), totaling $6.85 billion.
The Fund was oversubscribed and closed above its initial hard cap of $6.0 billion.
Institutional investors, including public pension funds, multinational corporations, insurance companies, fund of funds, endowments, foundations and family offices invested in the Fund.
TJC’s Resolute VI aims to identify well-managed and profitable companies with enterprise values ranging from $100 million to $2 billion, support strategies that drive operational improvements and organic growth and develop investments through add-on acquisitions accretive to business growth.