Private equity

Michael Spies joins Navitas Capital, leading Real Estate and Construction Technology VC

Retrieved on: 
Tuesday, August 11, 2020
Finance, Money, Economy, Corporate finance, Equity securities, Private equity, Real estate investment trust, Venture capital

LOS ANGELES, Aug. 11, 2020 /PRNewswire/ -- Navitas Capital , a leading venture capital firm investing in technology solutions for the built environment, has announced that Michael Spies has joined as a Venture Partner.With Navitas, Michael will provide guidance as the firm begins investing from its third fund and will offer strategic support to its various portfolio ventures.

Key Points: 
  • LOS ANGELES, Aug. 11, 2020 /PRNewswire/ -- Navitas Capital , a leading venture capital firm investing in technology solutions for the built environment, has announced that Michael Spies has joined as a Venture Partner.With Navitas, Michael will provide guidance as the firm begins investing from its third fund and will offer strategic support to its various portfolio ventures.
  • Commenting on the addition, Managing Partner Louis Schotsky shared, "It is with great pleasure that we welcome Michael to the Navitas team as we continue to partner with the industry's leading founders and real estate organizations."
  • Founded in 2009, Navitas is a venture capital firm focused on transformative real estate technology and innovation.
  • Real estate owners, operators and developers themselves, the Navitas partners evaluate potential investments using their venture fund, their own cross sector real estate portfolio and those of their limited partners, which include large publicly traded REITs, real estate private equity firms, Fortune 500 companies, endowments, and family offices.

Family office investment and allocation to venture capital on the rise, according to SVB and Campden Wealth report

Retrieved on: 
Tuesday, August 11, 2020
Finance, Money, Investment, Private equity, Equity securities, Entrepreneurship, Corporate finance, Venture capital

The report looks at family offices' investment levels, performance, expectations, barriers toward venture investments, and their expectations for how the market will evolve amid COVID-19.

Key Points: 
  • The report looks at family offices' investment levels, performance, expectations, barriers toward venture investments, and their expectations for how the market will evolve amid COVID-19.
  • Over the last decade, family offices have been increasing allocations to venture and building in-house venture investment capabilities, primarily stemming from strong historical returns.
  • Sixty-three percent of family offices said capital allocation to venture will stay the same or increase despite the pandemic.
  • SVB Capital oversees and manages more than $5.5 billion of investment assets across a family of venture capital funds.

BIOREM Reports 2020 Second Quarter Results

Retrieved on: 
Tuesday, August 11, 2020
Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit, Du, Economy, Companies

Biorem's revenues for the second quarter were $5.9 million a 14% decrease over the previous quarter and on par with the $5.9 million of revenues reported in the same quarter in 2019.

Key Points: 
  • Biorem's revenues for the second quarter were $5.9 million a 14% decrease over the previous quarter and on par with the $5.9 million of revenues reported in the same quarter in 2019.
  • Gross profit for the quarter was $1.4 million or 23.9% of revenue compared to $1.3 million of gross profit representing 22.5% of revenue recorded during the second quarter of 2019.
  • Ebitda for the quarter was $504,000 compared to $295,000 of ebitda in the second quarter of 2019.
  • This results in the BIOREM order backlog being $30.9 million on June 30, 2020.

Symmetry Systems Emerges from Stealth with $3 Million in Seed Funding from ForgePoint Capital and Prefix Capital to Transform Data Security

Retrieved on: 
Tuesday, August 11, 2020
Finance, Money, Financial markets, Corporate finance, Equity securities, Entrepreneurship, Private equity, Venture capital

The round was led by two premier venture funds investing in foundational and transformative technologies, ForgePoint Capital and Prefix Capital.

Key Points: 
  • The round was led by two premier venture funds investing in foundational and transformative technologies, ForgePoint Capital and Prefix Capital.
  • Symmetry Systems' flagship solution, DataGuard, provides unified visibility into data objects across all data stores, answering data security and compliance questions that traditional tools cannot.
  • "Our seed investment in Symmetry Systems represents ForgePoint's first founding investment," said William Lin, co-founder and partner of ForgePoint Capital.
  • Backed by leading security investors, ForgePoint Capital and Prefix Capital, DataGuard was built with and for the most demanding security teams in finance, healthcare, and the US government.

Pravati Capital Launches Fifth Specialized Litigation Finance Fund with $200 Million

Retrieved on: 
Tuesday, August 11, 2020
Finance, Money, Investment funds, Investment, Alternative investment management companies, Institutional investors, Private equity

PHOENIX, Aug. 11, 2020 /PRNewswire/ -- Pravati Capital, leading litigation finance pioneer and consulting firm, today announced the launch of its fifth specialized litigation finance investment fund with $200 million, following the success of its four previous funds launched since 2013.

Key Points: 
  • PHOENIX, Aug. 11, 2020 /PRNewswire/ -- Pravati Capital, leading litigation finance pioneer and consulting firm, today announced the launch of its fifth specialized litigation finance investment fund with $200 million, following the success of its four previous funds launched since 2013.
  • Pravati Investment Fund V (Fund V) will allow for the first time non-US and US-tax exempt international qualified investors the opportunity to invest in a specialized litigation finance alternative investment vehicle.
  • The firm's focus remains to invest in non-correlated assets with limited risk independent of the economic cycles offered by the growing litigation finance sector.
  • "We are pleased to offer Fund V as an alternative investment vehicle in the litigation finance sector.

Akers Biosciences Announces $6.8 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules

Retrieved on: 
Tuesday, August 11, 2020
Private equity, Placement, Private placement agent, Closing, Gross

The closing of the offering is expected to occur on or aboutAugust 13, 2020, subject to the satisfaction of customary closing conditions.

Key Points: 
  • The closing of the offering is expected to occur on or aboutAugust 13, 2020, subject to the satisfaction of customary closing conditions.
  • H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
  • The gross proceeds to the Company from this offering are expected to be approximately $6.8 million, before deducting the placement agents fees and other offering expenses payable by the Company.
  • Akers Biosciences is pursuing the development of a newly acquired license to a coronavirus vaccine candidate.

RADA Reports Record Q2/2020 Results and Increases 2020 Revenue Guidance to $70 Million

Retrieved on: 
Tuesday, August 11, 2020
Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit, RADA Electronic Industries, Finance, Economy, Companies

NETANYA, Israel, Aug. 11, 2020 /PRNewswire/ -- RADA Electronic Industries Ltd. (NASDAQ: RADA) announced today its financial results for the three and six months periods ended June 30, 2020.

Key Points: 
  • NETANYA, Israel, Aug. 11, 2020 /PRNewswire/ -- RADA Electronic Industries Ltd. (NASDAQ: RADA) announced today its financial results for the three and six months periods ended June 30, 2020.
  • 2020 revenue guidance increased to over $70 million, implying over 58% growth year-over-year, with continued sequential revenue growth throughout the remainder of the year
    US manufacturing facility at full operation to supply US market demand.
  • We reported Adjusted EBITDA of $1.7 million in the quarter, which was more than double that of the first quarter."
  • As of June 30, 2020, RADA had net cash and cash equivalents of $29.5 million compared to $13.8 million as of year-end 2019.The inventory level has increased to $26.5 million from $17.2 million as at the end of 2019.

ViacomCBS Networks International Selects Intelsat for Video Distribution to Major Global Markets

Retrieved on: 
Tuesday, August 11, 2020
Technology, Audio, Video, Telecommunications, Satellite, Private equity, Telecommunications, Intelsat, High-throughput satellite

Intelsat was chosen for its unique ability to deliver managed media services, global coverage and integrated satellite distribution and terrestrial network.

Key Points: 
  • Intelsat was chosen for its unique ability to deliver managed media services, global coverage and integrated satellite distribution and terrestrial network.
  • In Southeast Asia, VCNI leverages the Intelsat 19 (IS-19) satellite to serve its distribution affiliates, including cable headends, throughout the region.
  • We are proud to once again be selected as the partner of choice by ViacomCBS Networks International in distributing their premium content, said Intelsat Regional Vice President of North America Tim Schermerhorn.
  • Intelsat is the first choice for major media companies requiring global distribution and managed media services.

DLT Resolution Reports 385% Sales Growth With Positive EBITDA in Second Quarter 2020 Financial Results

Retrieved on: 
Tuesday, August 11, 2020
Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit

(OTC: DLTI),an information technology, cyber security, telecommunications and Union Services company, today reported financial results for its second quarter ended June 30, 2020.

Key Points: 
  • (OTC: DLTI),an information technology, cyber security, telecommunications and Union Services company, today reported financial results for its second quarter ended June 30, 2020.
  • On a consecutive quarter basis, Second quarter revenue of $549,000 was 28% higher than the 2020 Q1 quarter
    Second quarter net loss of $77,000, was 81% less than 2019 second quarter net loss
    On a consecutive quarter basis, Second quarter net loss of $77,000, was 73% less than first quarter 2020 loss of $329,000.
  • We are pleased that our January 30, 2020 acquisition of Union Strategies, Inc. is making significant positive contributions to our financial results.
  • Our business generated $86,000 in EBITDA in the second quarter of 2020 and we achieved near breakeven operating cash flow for the first six months of 2020.

DGAP-News: Corestate: Financial figures for the first half of 2020 affected by corona crisis - investment markets recover gradually with focus on the fourth quarter

Retrieved on: 
Tuesday, August 11, 2020
Finance, Money, Financial ratios, Private equity, Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Profit, Leverage, Economy, Investment

Real estate assets under management (AuM), the core business, grew organically by 3.4 percent to 24.9 billion.

Key Points: 
  • Real estate assets under management (AuM), the core business, grew organically by 3.4 percent to 24.9 billion.
  • Corestate subsidiary Helvetic Financial Services (HFS) was able to cement its market-leading position in the crisis.
  • "Institutional investors in particular are almost exclusively requesting investment opportunities in the Core segments, which is what we now focus on.
  • The financial leverage ratio, the ratio of net financial liabilities to EBITDA, was at 4.0x at the close of the six-month period.