GQG

International Rating Agencies Affirm Rating With Upgraded “Stable” Outlook for Various Adani Portfolio Companies

Retrieved on: 
Thursday, February 15, 2024

International Rating agencies Moody’s (vide press release dated 13th February 2024) and S&P (vide press release dated 22nd January 2024) have affirmed and upgraded the outlook to “stable” for all the issuances for Adani complex issued in the international market by various Adani Portfolio companies.

Key Points: 
  • International Rating agencies Moody’s (vide press release dated 13th February 2024) and S&P (vide press release dated 22nd January 2024) have affirmed and upgraded the outlook to “stable” for all the issuances for Adani complex issued in the international market by various Adani Portfolio companies.
  • This assures high credit quality with stable and predictable cashflows across all issuers of Adani complex.
  • Adani Portfolio has the largest number of Investment Grade (BBB-/Baa3 and higher) rated issuances out of private companies in India and equivalent to India’s sovereign rating.
  • In our view, rated entities Adani Electricity Mumbai Ltd. (AEML) and Adani Ports and Special Economic Zone Ltd. (APSEZ) enjoy good competitive positions, healthy cash flows, and adequate liquidity to meet their debt-servicing requirements.”

7th Edition of Fintech Abu Dhabi Explores Synergy Between Finance and Technology

Retrieved on: 
Wednesday, November 29, 2023

ABU DHABI, United Arab Emirates, Nov. 29, 2023 /PRNewswire/ -- Building upon the successes of MENA's biggest Fintech Festival presented by Abu Dhabi Global Market (ADGM), the 7th edition of Fintech Abu Dhabi welcomed an impressive turnout of financial tech leaders and visionaries converging from across the globe today.

Key Points: 
  • ABU DHABI, United Arab Emirates, Nov. 29, 2023 /PRNewswire/ -- Building upon the successes of MENA's biggest Fintech Festival presented by Abu Dhabi Global Market (ADGM), the 7th edition of Fintech Abu Dhabi welcomed an impressive turnout of financial tech leaders and visionaries converging from across the globe today.
  • ADGM's flagship event, Fintech Abu Dhabi, conducted in partnership with Huawei continued to be a highlight of Abu Dhabi Finance Week (ADFW) this year, focusing on the central theme of the event – 'The Convergence of Finance and Technology'.
  • Linda Fitz-Alan Registrar and Chief Executive at ADGM Courts said, "In its staggering 7th edition, Fintech Abu Dhabi started as a pioneer, awakening our imagination, guiding the disruption of our norms and making innovation our constant.
  • The Global Financial Regulators Summit, a closed-door gathering of key global financial regulatory leaders was conducted parallel to Fintech Abu Dhabi and discussed the role regulators play in shaping the sustainable finance landscape of the future.

7th Edition of Fintech Abu Dhabi Explores Synergy Between Finance and Technology

Retrieved on: 
Wednesday, November 29, 2023

ABU DHABI, United Arab Emirates, Nov. 29, 2023 /PRNewswire/ -- Building upon the successes of MENA's biggest Fintech Festival presented by Abu Dhabi Global Market (ADGM), the 7th edition of Fintech Abu Dhabi welcomed an impressive turnout of financial tech leaders and visionaries converging from across the globe today.

Key Points: 
  • ABU DHABI, United Arab Emirates, Nov. 29, 2023 /PRNewswire/ -- Building upon the successes of MENA's biggest Fintech Festival presented by Abu Dhabi Global Market (ADGM), the 7th edition of Fintech Abu Dhabi welcomed an impressive turnout of financial tech leaders and visionaries converging from across the globe today.
  • ADGM's flagship event, Fintech Abu Dhabi, conducted in partnership with Huawei continued to be a highlight of Abu Dhabi Finance Week (ADFW) this year, focusing on the central theme of the event – 'The Convergence of Finance and Technology'.
  • One-of-a-kind forums featured during Fintech Abu Dhabi included Blockchain, AI and Risk & Security.
  • Linda Fitz-Alan Registrar and Chief Executive at ADGM Courts said, "In its staggering 7th edition, Fintech Abu Dhabi started as a pioneer, awakening our imagination, guiding the disruption of our norms and making innovation our constant.

AppLovin Announces GQG Purchase of 10 Million Shares of Class A Common Stock from KKR

Retrieved on: 
Monday, August 14, 2023

AppLovin Corporation (NASDAQ: APP) (“AppLovin” or the “Company”), a leading marketing platform, today announced that KKR Denali Holdings L.P. (“KKR”) entered into an agreement with GQG Partners LLC (“GQG”), a leading global equity investment boutique, to sell 10 million shares of AppLovin’s Class A common stock in a direct placement to client accounts managed by GQG.

Key Points: 
  • AppLovin Corporation (NASDAQ: APP) (“AppLovin” or the “Company”), a leading marketing platform, today announced that KKR Denali Holdings L.P. (“KKR”) entered into an agreement with GQG Partners LLC (“GQG”), a leading global equity investment boutique, to sell 10 million shares of AppLovin’s Class A common stock in a direct placement to client accounts managed by GQG.
  • We have been impressed by the company’s strong execution.”
    The transaction is expected to close on August 21, 2023.
  • AppLovin is not offering any shares of its common stock in the offering.
  • This transaction was negotiated directly between KKR and GQG.

AppLovin Announces GQG Purchase of 15 Million Shares of Class A Common Stock from KKR

Retrieved on: 
Thursday, June 1, 2023

AppLovin Corporation (NASDAQ: APP) (“AppLovin” or the “Company”), a leading marketing platform, today announced that KKR Denali Holdings L.P. (“KKR”) entered into an agreement with GQG Partners LLC (“GQG”), a leading global equity investment boutique, to sell 15,000,000 shares of AppLovin’s Class A common stock in a direct placement to client accounts managed by GQG.

Key Points: 
  • AppLovin Corporation (NASDAQ: APP) (“AppLovin” or the “Company”), a leading marketing platform, today announced that KKR Denali Holdings L.P. (“KKR”) entered into an agreement with GQG Partners LLC (“GQG”), a leading global equity investment boutique, to sell 15,000,000 shares of AppLovin’s Class A common stock in a direct placement to client accounts managed by GQG.
  • AppLovin is not offering any shares of its common stock in the offering.
  • This transaction was negotiated directly between KKR and GQG.
  • The Company and KKR believe that the transaction will assist in adding new long-term oriented investors to the Company’s shareholder base.

GQG Partners celebrates six years with top quartile performance since inception* and investment team promotions

Retrieved on: 
Tuesday, July 5, 2022

GQG Partners announces the elevation of James Anders, Brian Kersmanc, and Sudarshan Murthy to Portfolio Managers across the firm's core strategies.

Key Points: 
  • GQG Partners announces the elevation of James Anders, Brian Kersmanc, and Sudarshan Murthy to Portfolio Managers across the firm's core strategies.
  • This move demonstrates the firm's continued commitment to developing our investment talent and delivering performance for our clients.
  • "It's a privilege to celebrate GQG Partners' sixth anniversary with the extraordinary team we have and continue to build upon," said Tim Carver, Chief Executive Officer of GQG Partners.
  • "I am proud of the performance GQG Partners has achieved over the past six years," said Rajiv Jain.