Financial services

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Maxeon, GameStop, and MongoDB and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, July 20, 2024

Defendant’s ability to rally a massive following of retail investors to purchase and hold GameStop securities through his social media posts is well-documented.

Key Points: 
  • Defendant’s ability to rally a massive following of retail investors to purchase and hold GameStop securities through his social media posts is well-documented.
  • Following this news, MongoDB's stock price fell by $28.59 per share to close at $383.42 per share.
  • Following this news, MongoDB's stock price fell by $73.94 per share to close at $236.06 per share.
  • For more information on the MongoDB class action go to: https://bespc.com/cases/MDB

Amundi US Announces Proposed Transaction Relating to Pioneer Closed-End Funds

Retrieved on: 
Friday, July 19, 2024

On July 9, 2024, Amundi announced that it had entered into a definitive agreement with Victory Capital Holdings, Inc. (“Victory Capital”) to combine the Adviser with Victory Capital, and for Amundi to become a strategic shareholder of Victory Capital (the “Transaction”).

Key Points: 
  • On July 9, 2024, Amundi announced that it had entered into a definitive agreement with Victory Capital Holdings, Inc. (“Victory Capital”) to combine the Adviser with Victory Capital, and for Amundi to become a strategic shareholder of Victory Capital (the “Transaction”).
  • The closing of the Transaction would cause each fund’s current investment advisory agreement with the Adviser to terminate.
  • Under the terms of the Transaction, the fund’s Board of Directors will be asked to approve a new investment advisory agreement for the fund with Victory Capital Management Inc., an affiliate of Victory Capital.
  • If approved by the Board, the fund’s new investment advisory agreement will be submitted to the shareholders of the fund for their approval.

EQS-News: TUI repurchases € 472m convertible bonds due 2028

Retrieved on: 
Friday, July 19, 2024

TUI has decided to repurchase € 472 million of the 2028 Bonds (the “Final Acceptance Amount”), representing approximately 80% of the outstanding principal amount.

Key Points: 
  • TUI has decided to repurchase € 472 million of the 2028 Bonds (the “Final Acceptance Amount”), representing approximately 80% of the outstanding principal amount.
  • To fund these repurchases, TUI will use proceeds from the successful offering of € 487 million convertible bonds due 2031, announced yesterday.
  • The Purchase Price is 101.5% of the Principal Amount per 2028 Bond offered in the Convertible Bonds Tender Offer (equal to € 101,500 per € 100,000 in Principal Amount of the 2028 Bonds).
  • Following the repurchase, 2028 Bonds in an aggregate principal amount of € 117.6 million will remain outstanding.

Transparency Notifications from Shareholders

Retrieved on: 
Friday, July 19, 2024

(1)   The total number of outstanding shares of the Company mentioned in the relevant transparency notification amounts to 40,243,518, each share giving right to one (1) vote (being 40,243,518 voting rights in total).

Key Points: 
  • (1)   The total number of outstanding shares of the Company mentioned in the relevant transparency notification amounts to 40,243,518, each share giving right to one (1) vote (being 40,243,518 voting rights in total).
  • The notification also states that Belfius sold its participation in the Company and no longer holds any shares in the Company.
  • It follows from the notification that Belfius Insurance previously owned 24,393 voting securities or voting rights in the Company.
  • To access a copy of the aforementioned transparency notification, reference is made to Sequana Medical's website ( https://www.sequanamedical.com/investors/shareholder-information/ ).

Dime Announces New Westchester Branch

Retrieved on: 
Friday, July 19, 2024

Stuart H. Lubow, President and Chief Executive Officer of Dime said “We are excited to announce the approval of our application for a new branch in White Plains.

Key Points: 
  • Stuart H. Lubow, President and Chief Executive Officer of Dime said “We are excited to announce the approval of our application for a new branch in White Plains.
  • Our expansion into Westchester County is an important and logical next step in our growth plan.
  • The ability to grow our footprint and serve customers in Westchester County is a tribute to Dime’s strength and stability for over 160 years.
  • Both bankers have a deep history in the Westchester market and were integral to the growth of their prior institutions, including Hudson Valley Bank.”

EQS-News: TUI AG successfully places € 487 million convertible bonds

Retrieved on: 
Friday, July 19, 2024

TUI AG (“TUI” or the “Company”) has successfully completed its offering of senior unsecured convertible bonds (the "Bonds").

Key Points: 
  • TUI AG (“TUI” or the “Company”) has successfully completed its offering of senior unsecured convertible bonds (the "Bonds").
  • The Bonds are due in 2031 and have an aggregate principal amount of € 487 million.
  • TUI intends to make an offer to buy back the existing convertible bonds (the “Convertible Bonds Tender Offer") and to finance this offer with the proceeds.
  • Unless previously converted, redeemed or repurchased and cancelled, the convertible bonds will be redeemed at their principal amount on 26 July 2031.

xScion's Founder and CEO Alison Banziger Named 2024 Virginia Business' Women in Leadership Award Recipient

Retrieved on: 
Thursday, July 18, 2024

MCLEAN, Va., July 18, 2024 /PRNewswire-PRWeb/ -- xScion Solutions, LLC (xScion), a woman-owned technology consulting firm that helps clients Turn Change Into Value® through innovative RegTech solutions, is proud to announce that its Founder and CEO, Alison Banziger, has been honored as a 2024 Virginia Business' Women in Leadership Award recipient. Banziger's leadership and advocacy for diversity within the technology industry has been pivotal for xScion's success. This award reflects her dedication to creating an award-winning work culture and supporting women-driven initiatives, solidifying xScion's role as a transformational RegTech leader in the Financial Services, Healthcare, Nonprofit and Public sectors.

Key Points: 
  • "I am deeply honored to receive the 2024 Virginia Business' Women in Leadership Award," said Alison Banziger, Founder and CEO of xScion."
  • For the past four years, Virginia Business has celebrated exceptional female executives through the Women in Leadership Awards.
  • This year's cohort of 38 women was selected from more than 250 nominees, all holding C-suite or equivalent positions in Virginia.
  • Banziger's exceptional leadership has consistently been recognized, propelling xScion to be named one of the Best Places to Work in Virginia for seven years.

Generational Group Advises Farm Aid Equipment, Inc. in its sale to M4 Holdings, Inc.

Retrieved on: 
Thursday, July 18, 2024

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Farm Aid Equipment, Inc. to M4 Holdings, Inc.

Key Points: 
  • Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Farm Aid Equipment, Inc. to M4 Holdings, Inc.
  • Located in Corsica, South Dakota, Farm Aid Equipment, Inc. , a second-generation family-owned business, manufactures innovative feed mixers for agricultural use, distributed through a network of farm implement dealers.
  • M4 Holdings, Inc. of Gothenburg, Nebraska, is a family-owned acquisition entity formed to purchase Farm Aid Equipment.
  • Senior Managing Director, Joe Van Voorhis, and Senior M&A Advisor, Chris Vanderzyden, established the initial relationship with Farm Aid Equipment, Inc.

Province Announces Strategic Capital Investment From Trivest Partners

Retrieved on: 
Thursday, July 18, 2024

Province , a leading and nationally recognized restructuring and financial advisory firm, today announced a strategic capital investment from Trivest Partners (“Trivest”), a middle market-focused private equity firm with over $5.5 billion assets under management.

Key Points: 
  • Province , a leading and nationally recognized restructuring and financial advisory firm, today announced a strategic capital investment from Trivest Partners (“Trivest”), a middle market-focused private equity firm with over $5.5 billion assets under management.
  • Headquartered in Las Vegas, Nevada, Province offers a comprehensive suite of multi-disciplinary services designed to help institutional investors, debtors, creditors, and trustees navigate complex strategic, financial, operational, and legal challenges and opportunities.
  • The capital investment comes after a period of significant growth for Province.
  • Clearsight Advisors served as exclusive financial advisor and GTC Law Group PC as legal advisor to Province, with Benesch, Friedlander, Coplan & Aronoff LLP serving as legal advisor to Trivest Partners.

Whitney Ehrlich Joins H.I.G. Capital as Head of U.S. Private Wealth Management

Retrieved on: 
Thursday, July 18, 2024

Capital (“H.I.G.” or the “Firm”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that Whitney Ehrlich has joined the firm as Managing Director and Head of Private Wealth Management in its Capital Formation Group.

Key Points: 
  • Capital (“H.I.G.” or the “Firm”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that Whitney Ehrlich has joined the firm as Managing Director and Head of Private Wealth Management in its Capital Formation Group.
  • Ms. Ehrlich has over 20 years of experience in the private wealth and high-net-worth sector and was previously a Managing Director and Head of the U.S. Family Office Business at BlackRock.
  • At H.I.G., Ms. Ehrlich will be responsible for capital raising and investor relations activities within the U.S. intermediary and private wealth channels across the firm’s strategies.
  • has consistently benefited from a diverse, global, and long-standing limited partner base, including private wealth intermediaries and high net worth investors.