Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 312

Posts Tagged ‘capital’

Plenary approves a call to urgently complete the Capital Markets Union

Posted by fidest press agency su lunedì, 12 ottobre 2020

The Capital Markets Union (CMU) should be developed more quickly, MEPs say, arguing that this would allow companies deprived of funding to tap into financial markets and reduce their dependence on bank lending.They take note of the Commission Communication of 24 September 2020 regarding the Capital Markets Union for people and business but insist on a stronger commitment to achieving real progress on issues such as supervision, taxation and insolvency laws, which still represent major obstacles to the true integration of EU capital markets.To this end, MEPs proposed several targeted changes, aligning and simplifying the existing provisions concerning issues such as: capital requirements, reporting frameworks, or listing requirements for SMEs regarding Initial Public Offerings. They also call for the EU venture capital and private equity markets to be developed more quickly in order to increase transparency and reduce fragmentation. At the same time, the text stresses the need for adequate prudential rules to build the capacity of financial institutions to absorb losses.MEPs point out that the CMU requires a developed investor base with suitable investment options for retail investors paired with improved disclosure and the ability to compare key information. They call for a more horizontal, harmonised approach to consumer and investor protection in EU financial services legislation, adapted to the green and digital transitions, in order to ensure effective and consistent levels of protection for financial products and providers.Finally, the adopted text highlights that the CMU should be a key contributor to the transition towards a sustainable, competitive and resilient economy, complementing public investment and in line with the EU Green Deal. The text also points out that Europe competes for capital in a global market, therefore efficient and resilient European capital markets are critical to protecting Europe’s economic sovereignty.The resolution was adopted with 417 votes to 205 and 72 abstentions.

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Clearlake Capital-Backed Provation Acquires MD-Reports

Posted by fidest press agency su giovedì, 9 gennaio 2020

Provation Medical, Inc. (“Provation” or the “Company”), the premier software provider of procedure documentation and clinical decision support solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced its acquisition of MD-Reports, a leading provider of electronic medical record (EMR), practice management (PM), and report writing software.For 25 years, Provation has been a market leader in procedure documentation software for gastroenterology (“GI”), serving 42 of the top 50 GI hospitals and more than 2,600 facilities nationwide. MD-Reports serves a complementary segment of the market and has experienced significant growth by bringing high quality clinical software solutions to over 530 physician offices, hospitals and ambulatory surgery centers (“ASCs”). The combination enhances Provation’s best-in-class clinical documentation platform and adds practice management capabilities to its portfolio.“With the addition of MD-Reports, Provation has expanded on our vision to increase productivity for all healthcare providers by bringing the latest software solutions to a new segment of the market,” said Daniel Hamburger, CEO of Provation. “In addition to our organic initiatives, growth through acquisition is an integral part of Provation’s strategy to develop a comprehensive portfolio of leading clinical productivity software solutions.” “Joining Provation marks the beginning of an exciting new chapter for MD-Reports and we are thrilled to join the team,” added Srikanth Gosike, CEO and Founder of MD-Reports. “By leveraging our collective capabilities, MD-Reports and Provation can build on a long history of serving world-class physicians with industry leading solutions. Our technology and professionals are a great fit with Provation, and we look forward to working together with Daniel and the team to continue our shared mission of increasing physician productivity and satisfaction.” Provation continues to build out its clinical productivity software portfolio to meet the evolving needs of physicians and to increase operational efficiencies, business profitability and regulatory compliance by improving quality, streamlining workflows and enabling insights. “Provation is shaping the future of clinical productivity and better patient outcomes,” said Prashant Mehrotra and Paul Huber of Clearlake. “The combination expands Provation’s core software offering and accelerates Provation’s ability to serve small and mid-sized providers. With the acquisition of MD-Reports complete and integration underway, we look forward to continuing to support the Provation team through Clearlake’s O.P.S.® framework as they execute on a robust organic and inorganic growth strategy that is focused on innovation and delivering industry-leading software solutions.” District Capital Partners served as financial advisor and Sidley Austin LLP served as legal advisor to Provation for this transaction.

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Maxar Technologies to Sell MDA to Northern Private Capital for CAD$1 Billion

Posted by fidest press agency su martedì, 31 dicembre 2019

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it has entered into a definitive agreement to sell MDA to a consortium of financial sponsors led by Northern Private Capital (NPC), for CAD$1 billion (US$765 million), subject to customary adjustments. The company expects to use proceeds to reduce leverage and improve its capital structure to prioritize investments for growth in its core areas of Earth Intelligence and Space Infrastructure.The transaction includes all of MDA’s Canadian businesses, encompassing ground stations, radar satellite products, robotics, defense, and satellite components, representing approximately 1,900 employees. These businesses are expected to generate approximately US$370 million and US$85 million in revenue and Adjusted EBITDA, respectively in 2019. This revenue is inclusive of approximately US$78 million of intercompany sales to other Maxar entities.Following the completion of the transaction, the MDA team will operate as a stand-alone company within NPC’s portfolio, retaining its name and standing as the leading space and defense company in Canada. MDA expects to continue to supply Maxar with certain components and subsystems, and the companies expect to sell each other’s complementary satellite data. The revenue and Adjusted EBITDA numbers for MDA highlighted above include approximately US$52 million of revenue and US$29 million of Adjusted EBITDA for certain radar related imagery sales which have historically been included in Maxar’s imagery segment. This business activity has been included in the sale of MDA.
The completion of the transaction is conditioned on regulatory approvals, including review by the Committee on Foreign Investment in the United States, Hart-Scott-Rodino review by the U.S. Department of Justice and the U.S. Federal Trade Commission, and Canadian government reviews under the Radiocommunications Act and the Competition Act. PJT Partners, RBC Capital Markets, and Bank of America Merrill Lynch are serving as financial advisors to Maxar. Wachtell, Lipton, Rosen & Katz and Stikeman Elliott LLP are serving as the company’s legal advisors for this transaction.
The amounts of revenue and Adjusted EBITDA given above in this release represent the expected results of MDA as they flow into Maxar’s Space Systems and Imagery segments and will vary from the amounts ultimately classified as discontinued operations for MDA, which will reflect interest, depreciation, amortization, taxes, certain corporate expenses, and the effect of blending margins on projects for which MDA is an intercompany subcontractor. The MDA businesses are expected to have approximately US$10 million in Depreciation and Amortization expense.

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Attention Capital Acquires Girlboss

Posted by fidest press agency su domenica, 22 dicembre 2019

Attention Capital announced today that it is acquiring Girlboss, a leader in the women’s media space best known for the power of its community and its ability to connect and convene millennial women.The Girlboss brand was born out of the runaway success of founder and CEO Sophia Amoruso’s best-selling book #GIRLBOSS, which has sold more than 500,000 copies since it was published in 2014. The book’s premise—that entrepreneurship is a way of life, both professionally and personally, that we should learn from our mistakes and take big risks—resonated with millions of women around the world who became the earliest members of Girlboss’ passionate global community. Since its launch in 2017, the Girlboss media platform has expanded to include a digital professional network (dubbed “the LinkedIn for women”), an award-winning podcast network with 21M+ downloads, and sold-out events including the bi-annual Girlboss Rally, which has brought together women from 30 countries and 230 cities. The company’s executive team will continue to scale its partnerships business to connect brands with the Girlboss community and tap into the experience of Attention Capital’s leadership in growing platforms for brands, including Snap, FOX, Palantir, TIME and VICE.

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Stillwater Human Capital Launches Government Services Division

Posted by fidest press agency su domenica, 15 dicembre 2019

Stillwater Human Capital has launched a new Government Services division to provide strategic teaming partnership capabilities to large prime contractors across Department of Defense, Department of Justice, and National Security programs through the retention of highly cleared, highly technical staff.With a deep understanding of government programs, contract vehicles, and contracting requirements, Stillwater’s Government Services address the challenges associated with acquiring cleared professionals who possess the certifications and technical skills to meet our customers’ program mission requirements. Stillwater works with prime contractor partners to develop detailed transition plans, recruitment strategies, and retention programs to assure that federal government programs maintain the talent required to fulfill critical mission solicitations. Stillwater provides clients with low cost, highly productive, measurable, alternative recruiting solutions with a focus on connecting veterans with unique opportunities across the nation.

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26th Annual Venture Capital & Private Equity Conference

Posted by fidest press agency su martedì, 10 dicembre 2019

The Venture Capital & Private Equity Club, the largest student club at Harvard Business School, will hold its 26th annual Venture Capital & Private Equity Conference on Saturday, February 8, 2020, on the Harvard Business School campus in Boston. One of Harvard Business School’s most anticipated student-run conferences, the one-day event will host more than 1,000 professionals and students to discuss the most pressing issues facing today’s alternative investing industry. Several new panel topics will be introduced this year, including panels on Frontier Technologies, First Time Funds, Mobility, and Investing in China. Also on the agenda are many of last year’s popular topics, including panels on the State of PE, State of VC, Technology, Healthcare, Consumer, and more. More than 300 senior professionals from leading private equity and venture capital firms from around the country will participate in the conference.
“The HBS Venture Capital & Private Equity Conference continues to be one of the most reputable and prominent events at the business school level,” said Tony James, Executive Vice Chairman of The Blackstone Group. “I am excited to be speaking at this noteworthy event which brings together some of the most talented and respected alternative investment professionals. I look forward to exchanging views on the private equity and venture capital industries.”“We are very pleased to have once again the distinct opportunity and pleasure of hosting the VCPE Conference,” said John Dionne, Senior Lecturer of Business Administration at Harvard Business School. “The conference has continued to evolve and attract very highly regarded participants and attendees, which is a credit to the past and present members of HBS’ highly regarded Venture Capital and Private Equity Club. We are thrilled to once again welcome to campus some of the brightest minds in the alternative investing space and facilitate robust debate.” “Having been fortunate enough to be a graduate of Harvard Business School, I have seen firsthand how this conference continues to reinvent itself and offer unique keynotes and panels that are relevant to both the current and future states of the global alternative investment space,” said Jim Breyer, Founder and Chief Executive Officer of Breyer Capital. “The VCPE team spends an extraordinary amount of time and effort to put together a thoughtful and quality agenda that provides attendees with key takeaways that they can apply to their respective careers and personal ambitions. In addition to providing my thoughts and insights as an early-stage investor, I am eager to hear the views of other participants, scholars, and students, and look forward to another successful event.”

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Victory Capital Expands Transfer Agency Services with FIS

Posted by fidest press agency su domenica, 24 novembre 2019

Victory Capital has selected a leading-edge transfer agent solution from FIS™ (NYSE: FIS), a global leader in financial services technology, to service new accounts related to a recently completed acquisition. Under a significant contract expansion with this long-term client, FIS will provide Victory Capital with a modern, 24/7, real-time mutual fund processing and recordkeeping platform delivered through a business process-as-a-service model to service its newest asset management customers.In addition to the platform, Victory Capital and its customers will receive day-to-day transfer agency services from FIS including transaction processing, shareholder servicing, dealer services and compliance support from a seasoned operations team.“Our top priorities are to provide continued top-quality investment services to our new fund shareholders and to support future growth, so selecting the right partner and platform was key,” said Michael Policarpo, President, Chief Financial Officer and Chief Administrative Officer for Victory Capital. “Given our long history of working with FIS and their proven track record of innovation and service quality, we are confident that we have chosen the right partner to enhance our services for our newest customers.” “Our work with Victory Capital over the years is an example of true partnership for the benefit of the firm’s customers,” said Martin Boyd, president of Capital Markets Solutions at FIS. “We look forward to serving the new Victory Capital fund shareholder base and providing them with innovative, cost-effective and high-quality transfer agency services.”

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DC BLOX Announces New Debt Capital from Deutsche Bank

Posted by fidest press agency su lunedì, 18 novembre 2019

DC BLOX, a multi-tenant data center provider delivering the infrastructure and connectivity essential to power today’s digital business, announced today that it has raised new debt capital from Deutsche Bank AG. DC BLOX will use the proceeds from the Deutsche Bank term loan to meet customer growth for its existing data centers and to expand business operations.“We continue to experience high customer demand across our markets and this infusion of capital supports our ability to scale our business,” said Jeff Uphues, DC BLOX CEO. “Our strategy is working well, and we appreciate Deutsche Bank’s support in helping us to maintain our rapid growth.”DC BLOX is experiencing strong demand for its multi-tenant, Tier 3 data centers in underserved cities across the Southeastern U.S. Enterprises, cloud providers, government entities, educational institutions, and service partners are facing infrastructure and connectivity decisions as part of the increased digitization of their organizations. Therefore, businesses seeking to add reliable data center space and power, address disaster recovery scenarios, connect to multiple cloud providers, and protect their valuable data are increasingly considering colocation data centers with rich connectivity as a strategic component of their future digital architecture. “We are delighted to work with DC BLOX and to be a small part of their growth story,” said Fredric Rosenberg, Head of Deutsche Bank’s U.S. Credit Solutions and Direct Lending. “The vision and execution of Jeff and his team, coupled with the quality of their facilities and offerings, impressed us greatly. We look forward to their continued success.” To learn more about DC BLOX, please visit http://www.dcblox.com.

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Capital Markets Global Technology, Internet, Media and Telecommunications Conference

Posted by fidest press agency su venerdì, 15 novembre 2019

PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced that Stefan Schulz, CFO, and Matt Bennett, Director of Investor Relations, will speak at the 2019 RBC Global Capital Markets Technology, Internet, Media and Telecommunications Conference being held at the InterContinental New York Barclay in New York, NY, on November 19-20, 2019. Schulz and Bennett are scheduled to participate in a fireside chat on Tuesday, November 19, 2019, at 2:20 p.m. EST. The audio presentation will be webcast live here and will also be available by visiting the “Investor Relations” section of the company’s website. The webcast will be archived on the company’s website for 90 days after the conference ends.

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Capital Technology and New Industrials Day

Posted by fidest press agency su sabato, 9 novembre 2019

Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management for communications providers, is scheduled to participate at the ROTH Capital Technology and New Industrials Day. The one-on-one only event is being held on Wednesday, November 13, 2019 at the Lotte New York Palace Hotel in New York, NY. Clearfield CEO Cheri Beranek will hold one-on-one meetings with institutional investors and analysts throughout the day.
Clearfield, Inc. (NASDAQ: CLFD) designs, manufactures and distributes fiber optic management, protection and delivery products for communications networks. Our “fiber to anywhere” platform serves the unique requirements of leading incumbent local exchange carriers (traditional carriers), competitive local exchange carriers (alternative carriers), and MSO/cable TV companies, while also catering to the broadband needs of the utility/municipality, enterprise, data center and military markets. Headquartered in Minneapolis, MN, Clearfield deploys more than a million fiber ports each year. For more information, visit http://www.SeeClearfield.com.

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Houlihan Lokey Acquires Fidentiis Capital to Continue European Expansion

Posted by fidest press agency su venerdì, 8 novembre 2019

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that it has acquired Fidentiis Capital as the firm continues to grow its European Corporate Finance business. With a focus on the midcap market in Spain, Fidentiis Capital provides independent corporate finance advisory services relating to mergers and acquisitions, capital raising, and financing. This is the fifth acquisition that Houlihan Lokey has made in Europe in the past four years, following the acquisitions of McQueen Limited and Leonardo & Co. in 2015 and BearTooth Advisors and Quayle Munro in 2018. The firm now has more than 260 bankers in Europe, up from 80 in 2014, including 180 in Corporate Finance.
Fidentiis Capital, based in Madrid, was founded in 2015 by its Managing Partners, Carlos Paramés and Juan Luis Muñoz, and Fidentiis Equities. To date, Fidentiis Capital has completed more than 25 M&A transactions in the Spanish midcap segment, having recently advised ProA Capital on the acquisition of a majority stake in Pastas Gallo; Compañía del Trópico in structuring new financing provided by Kartesia; Riverside on the sale of Euromed to Dermapharm; and Falcon Private Holdings on the acquisition of Halcón Cerámicas. Mr. Paramés and Mr. Muñoz join Houlihan Lokey as Managing Directors, reporting to Matteo Manfredi, Head of Corporate Finance for Continental Europe. They will work together with Managing Directors Ignacio Blasco and Manuel Martínez-Fidalgo and their existing Corporate Finance and Financial Restructuring teams, respectively.
Houlihan Lokey opened its Madrid office in 2013 and expanded its presence following the acquisition of the investment banking activities of Leonardo & Co. in Spain, Germany, Italy, and the Netherlands. Among other Spanish transactions, the firm has recently advised on the sale of Natra to Investindustrial, and the acquisition of Ice Cream Factory Comaker by Ferrero.In 2018, Houlihan Lokey was ranked for the fourth consecutive year as both the No. 1 M&A advisor for all U.S. transactions and a top-10 most active global M&A advisor, based on Thomson Reuters’ annual year-end league table data. Houlihan Lokey and Fidentiis Capital acted as their own advisors on this transaction.

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Venture Capital Opportunities in United States

Posted by fidest press agency su sabato, 2 novembre 2019

OurCrowd, the global venture investing platform and Israel’s leading venture investor, will join the Millennium Alternative Investment Network® (MAIN®), which provides advisors and individual investors with a streamlined way to discover, research and invest in alternative investment opportunities. The MAIN platform is hosted by Millennium Trust Company, LLC (“Millennium Trust”), the industry’s leading provider of specialized custody solutions. Through MAIN, advisors and investors will have access to OurCrowd’s venture capital investment opportunities through a self-directed IRA.OurCrowd’s global network, top-notch performance and robust deal flow pipeline combine to provide unprecedented instant access to exclusive venture capital opportunities, including OurCrowd’s growing portfolio of 200 promising startups. Millennium Trust provides access to these opportunities to their advisor and investor clients through MAIN, a free research, education and alternative investment resource for advisors and individual investors.

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Argentina Capital Controls May Create More Uncertainties for Insurers

Posted by fidest press agency su sabato, 26 ottobre 2019

Capital controls imposed by Argentina’s government to combat economic instability could limit growth prospects and business opportunities for domestic insurance companies, as well as undermine the efficiencies of these carriers’ operations, according to a new AM Best commentary.The new Best’s Commentary, titled, “Argentina Capital Controls: More Uncertainties for Insurers,” notes that the new restrictions on foreign currency (USD) transactions to stop money from flowing out of the country is an attempt to stabilize reserves, which are being depleted as Argentina supports the peso. However, for Argentina’s insurance industry, the capital controls could lead to economic contraction, and the industry already is dealing with high inflation levels and foreign exchange rate volatility that are impacting insurers’ underwriting performance. Capital controls also may increase management expenses, as well as lead to higher capital requirements and solvency ratios for several insurers.Short-term public debt restructuring resulting from the decision to deploy international reserves to contain peso volatility poses an additional issue for the insurance industry, according to the commentary. Property/casualty companies with significant exposures to government-backed obligations, including Argentinian LETES (i.e., treasury bills), may have to contend with declining market values, asset-liability mismatches and liquidity issues resulting from debt tenor extensions.AM Best believes the negative impact of capital controls on the insurance industry could be offset partly by recent changes on taxation of the life industry. Higher tax deductibles on premiums, safeguarded by new inflation-indexed instruments could promote policyholders’ savings capacity while increasing the industry’s organic growth and investment base. This may help boost financing for small and medium-sized enterprises on infrastructure and construction projects. AM Best will continue to monitor company decisions in light of the recent restrictions enacted in Argentina.

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Wynnchurch Capital Invests in Eastern Metal Supply

Posted by fidest press agency su venerdì, 4 ottobre 2019

Wynnchurch Capital, LLC (“Wynnchurch”) announced today that it has made an investment in Eastern Metal Supply (“EMS”). EMS is a leading value-added distributor of aluminum extrusions and related products. Founded in 1982 and headquartered in Lake Worth, Florida, EMS started with just five employees and has grown to employ approximately 800 today. Their single Florida location has also grown into fourteen nationwide distribution centers and manufacturing facilities, totaling nearly 1.5 million square feet under roof.“We have built and grown EMS by providing our customers with exceptional service, just-in-time delivery and a wide breadth of value-added products. Wynnchurch shares this commitment and we are excited to partner with them as we continue that mission and pursue our next phase of growth,” said Greg Weekes, President and Co-Founder of EMS.Chris O’Brien, Managing Partner at Wynnchurch, said, “For nearly 20 years, a core part of our strategy at Wynnchurch has been investing in founder-led companies. We are very fortunate to be able to continue this with our investment in EMS and partnership with Greg.” Greg Gleason, Managing Director at Wynnchurch, added, “As a market-leading, value-added distributor serving a wide variety of end markets, EMS is an ideal platform poised for continued growth. We look forward to working with Greg and his team to build on this impressive track record.”
Wynnchurch Capital is actively investing from its $1.3 billion Fund IV. In June, Wynnchurch acquired MPL Holdings, a leader in cultured marble products for the hospitality and multi-family housing markets, and two closed-die forging facilities of Allegheny Technologies that produce high-value, complex forgings for OEMs. Other recent Wynnchurch investments include: Alliance Designer Products, Inc., a leading manufacturer of polymeric sand and related installation products used in residential and commercial hardscaping projects; Boss Industries, a leading provider of power take-off and engine driven rotary screw air technologies; and Infra Pipe Solutions, a leading manufacturer of large diameter, high density polyethylene pipe.

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Aviation Capital Group Joins Tokyo Century

Posted by fidest press agency su giovedì, 12 settembre 2019

Aviation Capital Group LLC (ACG) announced today that its majority shareholder, Pacific Life Insurance Company, has entered into an agreement where Tokyo Century Corporation will acquire from Pacific Life all of its outstanding interest in ACG. Tokyo Century initially acquired from Pacific Life a 20% interest in ACG in 2017 and has since contributed additional equity capital to ACG, increasing its ownership to 24.5%, to help accelerate its business expansion.
“Tokyo Century has been a valuable partner since 2017 and this acquisition of the remainder of ACG demonstrates a commitment to the growth and success of the ACG platform and the aircraft leasing industry,” said Khanh T. Tran, ACG’s president & CEO. “The ACG team is enthusiastic and looking forward to being part of the Tokyo Century family as we expand and continue to provide best-in-class global aircraft leasing, financing, and trading services.” The transaction is expected to close in the fourth quarter of 2019.Tokyo Century is publicly-held and listed on the Tokyo Stock Exchange. Its core lines of business include Equipment Leasing, Mobility & Fleet Management, Specialty Financing, and International Business with a global network in 37 countries and regions. More information can be found at: http://www.tokyocentury.co.jp/en/.

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Alternative Behavior Strategies Receives Funding from Morgan Stanley Expansion Capital

Posted by fidest press agency su giovedì, 22 agosto 2019

Alternative Behavior Strategies (ABS), a leading provider of services to children with autism spectrum disorders, announced today it has received funding from private equity platform Morgan Stanley Expansion Capital along with Petra Capital Partners, investing in the next stage of ABS’ growth. The funding amount was not disclosed. Autism is one of the fastest growing developmental disorders. One in 40 children in the U.S. has been identified with autism spectrum disorder (ASD), according to the December 2018 issue of Pediatrics.i This is an increase from a study conducted in 2014 by the Centers for Disease Control and Prevention (CDC) that estimated about 1 in 59 children in the U.S. were identified with ASD.ii
ABS provides therapy which is based on Applied Behavior Analysis (ABA), a successful evidence-based treatment for children with autism. Earlier this year, ABS rolled out its ABS Virtual Office, the first smart phone-based platform to connect autism behavioral therapists to the information and knowledge they need—wherever they are—to enhance services and promote clinical excellence and advancement. Because ABS therapists spend as much as 80 percent of their time in the field providing therapy, the platform gives them real-time access to electronic clinical records, as well as to the collective wisdom of the company while treating a child, when this information is most vital.This fall, ABS will open its first comprehensive community-based center to provide adapted playgrounds and intensive therapy in all day sessions, so that working parents can bring their children for the day. This center is based in the Salt Lake City, Utah, area, with additional centers planned for other regions.

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Purdue University Global Hosts Commencement in Nation’s Capital

Posted by fidest press agency su martedì, 13 agosto 2019

Purdue University Global, a public nonprofit online institution of higher education, conferred degrees to nearly 700 graduates during an August 10 ceremony at DAR Constitution Hall in Washington, D.C., recognizing them for their academic achievements and celebrating their success. Based in Indianapolis, Purdue University Global expands Purdue University’s land-grant mission by providing access to higher education for millions of working adults, highly personalized to their needs and flexibly scheduled to fit their lives via online courses. Nearly 9,000 Purdue University Global students will earn degrees this year.During the ceremony, Dr. Vandenbosch conferred degrees to graduates who traveled to attend from 46 states, as well as several foreign countries, including Bermuda, Bahamas, Haiti, United Kingdom and Qatar. The ceremony was broadcast on Facebook Live for graduates and family members unable to be there in person.In her remarks, Dr. Vandenbosch said, “Graduates, your accomplishments are commendable and I have only one piece of advice for you: BE KIND. Be kind to yourself, to your friends and family, and to everyone else you encounter.” Dr. Vandenbosch noted that Purdue Global students are primarily adult learners and pointed to some of the ways that makes them distinctive. More than 28 percent of the student body is affiliated with the military, including active duty, veterans and their family members. She also said that 52 percent of Purdue Global students are the first in their family to pursue a higher education degree, and that 63 percent have a child or other dependent. Graduate and undergraduate degrees were awarded from the schools of Business and Information Technology, Education, Health Sciences, Nursing, and the College of Social and Behavioral Sciences. Additionally, degrees were conferred to graduates of Concord Law School at Purdue University Global, the nation’s first fully online law school.

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Two Six Capital Advises Baring Private Equity Asia on Acquisition of Acuon Capital

Posted by fidest press agency su mercoledì, 7 agosto 2019

Two Six Capital, a technology-enabled firm that has pioneered data science for private equity, today announced that it advised Baring Private Equity Asia (“BPEA”), one of the largest and most established private alternative investment firms in Asia, on the acquisition of Acuon Capital, a South Korea-based consumer finance and leasing company.
To harness the power of data science, Two Six Capital combines large scale engineering, statistics and machine learning to analyze revenue data and customer patterns. The firm’s goal is to help private equity investors unmask the intrinsic value of their prospective and current portfolio companies.“As is the case with each of our investments in the increasingly competitive Asian market, it is critical to conduct a thorough and in-depth due diligence process in advance of executing an investment,” said Han Chul Kim, a Managing Director at BPEA. “In seeking to ensure we were investing in a quality company with strong growth potential, Two Six helped us discover several areas within Acuon’s business model that we believe will provide value-creation opportunities. Two Six leveraged their technology to generate valuable insights from Acuon Capital’s loan tapes in a compressed timeframe, undertaking due diligence in regard to credit quality and potential impact of economic cycles.” “There has been limited technology innovation in the private equity industry since the advent of the Microsoft Excel spreadsheet,” said Sajjad Jaffer, Co-founder and Managing Partner at Two Six Capital. “Built on decades of research from Wharton, our large data technology platform has ushered in a new wave of innovation. With over 50% of Two Six Capital’s deal flow sourced outside the United States, Asia has emerged as the fastest growing market for our firm. BPEA has shown that it is at the forefront of embracing data analytics in its investment process, and we were honored to embed our data science and engineering capabilities within BPEA’s impressive private equity team.”

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Amulet Capital Forms US Digestive Health

Posted by fidest press agency su sabato, 8 giugno 2019

Amulet Capital Partners, LP (“Amulet”), a healthcare private equity investment firm based in Greenwich, Connecticut, today announced the formation of US Digestive Health (“US Digestive Health”), a practice management services organization established to support the expansion of leading gastroenterology care across the U.S. As part of the formation, US Digestive Health will provide the three largest GI practices in Pennsylvania, including Regional GI (“RGI”), Digestive Disease Associates (“DDA”), and Main Line Gastroenterology Associates (“MLGA”), with business management and administrative resources, health system contacts and enhanced technology solutions.Terms of the transaction were not disclosed.
Based in Exton, PA, the combined platform of the three practices will have 15 office locations, 7 Ambulatory Services Centers (ASCs) and 88 providers. Jerry Tillinger, an industry executive with 25 years of physician group management experience and CEO of a 300+ provider physician group, will serve as CEO of US Digestive Health. Dr. Scott Hayworth, CEO of Caremount Medical, a 600+ provider multi-specialty physician group based in NY, will serve as US Digestive Health’s non-executive Board Chairman.
Gastroenterology is the 2nd largest internal medicine sub-specialty and covers a wide away of highly prevalent disorders and diseases focused on the digestive system including the esophagus, stomach, small intestine, large intestine and rectum. Hepatology, a sub-sector of gastroenterology, focuses on diseases and disorders of the liver, gallbladder, biliary tree, and pancreas. Colorectal Cancer (CRC) is currently the fourth most common cancer and the second leading cause of cancer deaths. However, advances in colonoscopy-based CRC screening have been very effective in detecting this cancer early, leading to declines in incidence and mortality. The American Cancer Society recently lowered the recommended CRC screening age to 45 from 50, greatly expanding the addressable market for CRC Screening and Prevention services. In addition, growth in several common chronic GI disorders is expected to continue across all age groups, resulting in an increased need for GI disease management.Amulet Capital Partners was advised by Skadden, Arps, Slate, Meagher & Flom and Sheppard, Mullin, Richter & Hampton in the transaction.
Amulet Capital Partners, LP is a healthcare private equity investment firm based in Greenwich, CT. Amulet seeks to achieve long-term capital appreciation through privately negotiated investments in companies. Amulet Capital Partners focuses on those segments it believes have the most attractive long-term fundamentals with a target investment size generally between $25 million to $150 million. Amulet Capital Partners’ investment team has approximately 50 years of private equity experience. For additional information, please visit http://www.amuletcapital.com.

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Aimmune to Present at RBC Capital Markets Global Healthcare Conference

Posted by fidest press agency su sabato, 18 maggio 2019

Aimmune Therapeutics, Inc. (Nasdaq: AIMT), a biopharmaceutical company developing treatments for life-threatening food allergies, today announced that its Chief Financial Officer, Eric Bjerkholt, will present at the RBC Capital Markets Global Healthcare Conference on Tuesday, May 21, 2019, at 2:35 p.m. E.T. in New York City.
A live webcast of the presentation will be accessible on the Events page under the Investor Relations section of the Aimmune website at http://www.aimmune.com. A replay will also be available following the webcast.Aimmune Therapeutics, Inc., is a biopharmaceutical company developing oral treatments for life-threatening food allergies. The company’s Characterized Oral Desensitization ImmunoTherapy (CODIT™) approach is intended to provide meaningful levels of protection against allergic reactions resulting from exposure to food allergens by desensitizing patients with defined, precise amounts of key allergens. Aimmune’s first investigational biologic product, AR101, is being developed as a treatment to reduce the frequency and severity and adverse events, including anaphylaxis, following exposure to peanut. The BLA for AR101 is under review by the FDA, which in 2015 granted AR101 Breakthrough Therapy Designation for the desensitization of peanut-allergic patients 4 to 17 years of age. Aimmune expects to file for marketing approval of AR101 in Europe in mid-2019. Aimmune has filed an IND application for its second product, AR201 for the treatment of egg allergy, and intends to start a randomized phase 2 clinical trial in mid-2019. For more information, please see http://www.aimmune.com.

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