Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 302

Posts Tagged ‘financing’

TherapeuticsMD Announces Amendment to Term Loan Financing Facility with TPG Sixth Street Partners

Posted by fidest press agency su martedì, 31 dicembre 2019

TherapeuticsMD, Inc. (NASDAQ: TXMD), an innovative, leading women’s healthcare company, today announced that the Company and TPG Sixth Street Partners (“Sixth Street”) have amended the terms of the Company’s existing term loan financing facility to revise the draw trigger for one of the two $50 million delayed draw loan tranches thereunder.The terms of the amendment no longer require that ANNOVERA be designated as a new category of birth control by the U.S. Food and Drug Administration for the Company to draw the loan tranche. As amended, the $50 million loan tranche may be made available to the Company at Sixth Street’s sole and absolute discretion either contemporaneously with the delivery of the Company’s financial statements for the fiscal quarter ending June 30, 2020 or at such earlier date as Sixth Street may consent to.All other terms and conditions of the facility remain in full force and effect, including the conditions for the Company to draw the other $50 million loan tranche thereunder upon the Company achieving $11 million in net revenues from IMVEXXY®, BIJUVA® and ANNOVERA for the fourth quarter of 2019.“We are pleased that our lenders continue to be supportive and demonstrate confidence in our business as we progress toward the full commercial launch of ANNOVERA in the first quarter of 2020,” said Robert G. Finizio, CEO of TherapeuticsMD.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Globalstar Files Registration Statement for Previously Consummated Second Lien Financing

Posted by fidest press agency su domenica, 29 dicembre 2019

Globalstar, Inc. (NYSE American: GSAT) today announced that the Form S-3 that was filed with the Securities and Exchange Commission (“SEC”) just prior to the close of market trading on December 27, 2019 was a routine SEC filing to register the shares that would be issuable upon exercise of the warrants from the second lien term loan issued on November 26, 2019. This filing does not represent any intention of the holders of the 2nd lien to sell these shares. Globalstar is a leading provider of customizable Satellite IoT Solutions for customers around the world in industries such as oil and gas, transportation, emergency management, government, maritime and outdoor recreation. A pioneer of mobile satellite voice and data services, Globalstar allows businesses to streamline operations by connecting people to their devices, supplying personal safety and communication, and automating data to more easily monitor and manage mobile assets via the Globalstar Satellite Network. The Company’s Commercial IoT product portfolio includes the industry-acclaimed SmartOneTM asset tracking products, Simplex satellite transmitters and the SPOT® product line of personal safety, asset and communication devices, all supported on SPOT My Globalstar, a robust cloud-based back office solution. Completing the satellite product suite are Duplex satellite data modems, the innovative Sat-Fi2® satellite Wi-Fi hotspot and the Sat-Fi2® Remote Antenna Station, with all product solutions offering a variety of data service plans. Learn more at Globalstar.com

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

Brightlane Announces Specialty Financing Acquisition in the U.K.

Posted by fidest press agency su sabato, 13 aprile 2019

Brightlane Corp. (OTCMKTS: BTLN) today announced the completion of its acquisition of U.K. based VATBRIDGE Limited, a specialty financing company for commercial properties. As a result of this agreement, VATBRIDGE will become a wholly owned subsidiary of Brightlane.
The acquisition of VATBRIDGE is part of Brightlane’s wider expansion plans of both geographic markets and portfolio of services. This will accelerate Brightlane’s real property and specialty financing products, which it has positioned as a growth engine in its two-year, medium-term management plan, and is promoting a shift towards service businesses that utilize proprietary horizontal Software as a Service (SaaS) platforms. Brightlane is also expanding its business horizon to include new-build, multi-tenant projects and management services to be implemented under Brightlane’s “Smart Foundations” program, which considers the tenant’s credit over term, smart identity and accessibility which supports the realization of captured market share.”We welcome the Brightlane teams with the exciting outlook for opportunities ahead for specialty financing products in new markets,” said Laurence Rutter, VATBRIDGE’s company director. “The technology development and combined strengths of these companies are an important element of this strategy. The combined companies will give us the momentum to grow our U.K. business and maximize the value of our combined operations.”

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Car Shopping and Financing Digital Platform

Posted by fidest press agency su sabato, 9 febbraio 2019

Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used vehicles, has partnered with Bank of America to offer a streamlined digital car buying process. The Bank of America digital car shopping and financing platform will now add more than 15,000 Carvana vehicles to its existing inventory of both new and used vehicles available via dealers across the country.Customers simply visit Bank of America’s digital car shopping tool from a computer or mobile device. Once there, they can select a Carvana vehicle, submit an application to Bank of America for immediate financing terms, finalize the transaction on Carvana.com, and even trade in their current vehicle, all in as little as 10 minutes. Buyers purchasing a Carvana vehicle can take advantage of Carvana’s as-soon-as-next-day delivery and complete their purchase and financing tasks without leaving the comfort of home.
All Carvana vehicles listed on Carvana.com and on the Bank of America car shopping platform are Carvana Certified, meaning they have all undergone a rigorous 150-point inspection, have no frame damage and have never been in a reported accident. Features, imperfections and updated information about open safety recalls are listed on the car’s vehicle description page. Additionally, every Carvana vehicle comes with a 7-day return policy, giving the customer the time to ensure the vehicle fits their life. Whether it’s installing car seats or testing the turning radius in a tight parking garage at work, it’s an upgrade to the traditional four right-hand turns around a dealership block.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

HighLife closes a 32 million euro round B financing

Posted by fidest press agency su sabato, 19 gennaio 2019

PARIS. HighLife SAS, a medtech company focused on the development of a unique transcatheter mitral valve replacement (“TMVR”) system to treat patients suffering from mitral regurgitation, announced today it had closed a € 32 million round of equity financing.Proceeds from the financing will be used to complete the development of the company’s transcatheter transseptal mitral valve implantation program, which includes regulatory approval trials in Europe to obtain the CE mark and a first clinical trial in the U.S. via an Early Feasibility Study (EFS).The Series B round was co-led by U.S. Venture Partners (“USVP”) and Andera Partners, with Sectoral Asset Management and Jose Calle Gordo, Chairman of the company, joining the round. Sofinnova Partners, which led the Series A round, continues to support the company and participated in this latest round of financing. Bryan Garnier & Co (Paris) acted as private placement agent for this financing.
Based in Paris, France, HighLife was founded in 2010 by Mr. Börtlein. Following Sofinnova Partners’ investment in HighLife in 2017, the venture capital firm’s Managing Partner Antoine Papiernik joined HighLife’s Board. In December 2017, Mr. Calle Gordo, most recently CEO of Biosensors and a longtime specialist in cardiovascular devices, was named chairman. In May 2018, Dr. Martin Rothman, interventional cardiologist and retired Chief Medical Officer of Medtronic, joined as CMO and member of the board. USVP will be represented on the board by Casey Tansey, while Andera Partners will be represented by Olivier Litzka.
“HighLife’s creative approach has already generated convincing data in this competitive field of mitral valve replacement. I am confident that the experienced management team will bring this technology to the level where it becomes an undisputed treatment option for mitral valve regurgitation patients,” said Mr. Tansey, General Partner at USVP.”With our already solid experience in the structural heart field, we are very happy to contribute to and support HighLife. The exceptional level of collective experience brought together with the existing team and the new investors is a favorable omen for HighLife’s success” said Mr. Litzka, partner at Andera Partners.”Sofinnova is thrilled to continue supporting HighLife through this new financing, which gives the company the means to demonstrate the clinical importance of its transseptal product,” said Mr. Papiernik.”We are very proud that we could attract highly experienced and internationally recognized investors like USVP, Andera and Sectoral Asset Management. This speaks for the credibility of our development program, management team and the potential of our technology to serve a major yet underserved clinical need,” said Mr Calle Gordo.
HighLife’s technology targets optimal treatment outcomes as it can be delivered transseptally via the femoral vein in a reversible manner, and self-locates inside the native annulus. The transseptal route is the preferred route for both interventionists and patients, as it avoids any surgery. (by: http://www.highlifemedical.com)

Posted in Estero/world news | Contrassegnato da tag: , | Leave a Comment »

Cutting off terrorist financing: Parliament ready to negotiate

Posted by fidest press agency su giovedì, 18 gennaio 2018

european-parliamentEuropean Parliament is ready to start talks with ministers on two laws targeting the financing of terrorism and organised crime.The two laws will clamp down on the funding of terrorism and other organised crime, by countering money laundering as well as easing cross-border freezing and confiscation of the proceeds of crime. The directive to counter money laundering would improve enforcement by laying down EU-wide definitions of crimes and minimum penalties. MEPs also propose barring those convicted from running for public office or holding a position of public servant. The cross-border confiscation regulation would set tight deadlines for member states to act on cross-border requests to freeze or confiscate assets, leaving criminals with less time to move them. Furthermore, the process would be simplified in order to make cross-border confiscations easier to carry out, as they are under-used under current rules. At the moment, only an estimated 1.1% of criminal proceeds are ever confiscated.
In both cases, harmonising rules throughout the EU will ensure that terrorists and other criminals will no longer be able to take advantage of the variation in national legislation. The two laws aim to more efficiently deprive terrorists and other organised criminals of the money they depend on to carry out their activities. The mandate for MEPs to start talks with the Council and the Commission was deemed approved after no objections were received by the deadline of midnight on Tuesday. The talks can begin immediately, as the Council has already agreed on its general approach on both drafts. Both files – “Countering money laundering by criminal law” and the “Mutual recognition of freezing and confiscation orders” – are part of the Commission’s Action Plan against terrorist financing, proposed in December 2016.

Posted in Estero/world news, Politica/Politics | Contrassegnato da tag: , , | Leave a Comment »

Noble Four Partners with Hana Financial Investment Company to Develop and Execute North American Investments

Posted by fidest press agency su martedì, 31 ottobre 2017

seulNoble Four Partners (NFP), an established investor and operator based in New York, today announced a partnership with Hana Financial Investment Company Co., Ltd (Hana FI), the investment banking, capital markets, acquisition financing and institutional investor relationship operating group within Hana Financial Group, Inc. based in Seoul, South Korea. NFP will identify industrial and manufacturing control investments in North American and European industrial sectors that have South Korean and Pan-Asian growth potential. Hana FI will provide acquisition financing and assist in organizing South Korean based institutional capital. Strategic investors, with relevant industry experience, are expected to contribute additional capital and lend technical, manufacturing, and Asia specific market assistance.NFP expects to build sector-orientated platforms over several years with a focus on creating long-term value through partnering with exceptional management teams.“Hana FI is a leading South Korean financial institution with global capability to provide capital and financing and we recognize that this relationship is a crucial step in further expanding our financing capabilities and investor relationships. NFP has extensively worked with Korean investors and operators on cross-border transactions and we are now directly partnering with them in the pursuit of outbound investment and growth opportunities across North America,” said Stephen Merchant, Co-Managing Partner of NFP.“Partnering with Hana FI presents a distinct advantage in the competitive North American buyout marketplace. South Korean institutional and strategic capital demand for opportunities, from both a debt and equity perspective, is deep and significant”, added Mark Tomassini, Co-Managing Partner of NFP. “We anticipate robust growth in South Korean foreign direct investment and in-bound control North American investments,” stated Tomassini.NFP is actively involved in evaluating investment opportunities under this partnership framework.

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

Catella: “Still negative but mixed sentiments”

Posted by fidest press agency su venerdì, 11 marzo 2016

catellaIn the March edition of the Swedish “Catella Real Estate Debt Indicator” (CREDI), the Main index fell 2.7 points to 41.2. In line with the previous CREDI, both the Current Situation and Expectation indices fell, and are below the 50.0 turning point. Banks are clearly negative, while property companies have seen a slight improvement in financing conditions over the past three months and are optimistic ahead of the coming three months. “In the previous edition of Swedish CREDI, both banks and property companies clearly signalled that access to financing had deteriorated in late 2015, which was reflected in the Main index falling 12.7 index points. This March we see a further deterioration in the financing climate, with the Main index well below the 50.0 turning point. A relatively strong Swedish economy and expansionary monetary policy, with a historically favourable interest-rate position for the real estate sector, have not yet been able to reverse the reduced risk appetite and pessimism of lenders. However, the common stock of the listed companies has remained relatively strong during the turbulence of the past three months, and is still trading at a premium,” says Martin Malhotra, Project Manager at Catella.The CREDI Main index fell once again, by 2.7 points to 41.2. The Current Situation sub-index fell from 42.4 to 41.0, and the Expectations index fell 4.1 points to 41.4. These declines mean that all the indices are still below the 50.0 turning point, and that the Expectations sub-index is still higher than the Current Situation sub-index.“We can see a clear difference in trend between the polled banks and real estate companies. Banks firmly expect deteriorating financing conditions, unlike property companies which are somewhat optimistic about the future. It is the opinions of the banks that are driving the CREDI Main index to such an obvious position of contraction. The concern is also reflected in the secondary market, with rising dividend yields on real estate companies’ preferred shares, widening credit spreads on bonds and the relatively low level of activity in the primary market,” continues Martin Malhotra.“The new year began with troubled and volatile Swedish and global equity markets. Several factors indicate that the market peaked in summer 2015 and that the global economy is slowing down in 2016. We can expect the average yield to rise going forward, which will mainly occur through widening spreads between A, B and C locations,” says Arvid Lindqvist, Head of Research at Catella.Several of the trends observed in the listed property sector in 2015 persist. Among other things, the average interest rate and the fixed interest term continued to decrease for property companies listed on the Nasdaq OMX Nordic Main Market. The average fixed interest term has fallen since the second quarter of 2015, and was 3.0 years at the end of 2015. Since the second quarter of 2012, the average interest rate has fallen from 4.0 percent to its current level of 2.7 percent in the fourth quarter of 2015.The fourteenth edition of the Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from catella.se/credi. CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices based on publicly available data. Read more about the methodology at catella.se/credi. This edition also includes an analysis of preferred shares and an overview of the property market.

Posted in Economia/Economy/finance/business/technology, Estero/world news, Uncategorized | Contrassegnato da tag: , , | Leave a Comment »

Catella Asset Management advises Tikehau Investment Management on the acquisition of a portfolio of 35 retail assets

Posted by fidest press agency su venerdì, 6 novembre 2015

catellaAdvised by Catella Asset Management, Tikehau group has acquired from private investors a real estate portfolio comprising 35 retail assets in France with a net area of more than 200,000 sqm. The transaction amounts to more than 240 million euros.The retail assets are located in the Paris region as well as in many other regions in France. The portfolio includes 102 retail units leased to both national and international brands such as Babou, Brico Dépôt, Maxi Toys, McDonald’s, Leader Price, Besson, C&A, Chaussea and Kiabi.
Catella Asset Management assisted Tikehau during the whole acquisition process and will be in charge of the asset management. The SCC and Sofidy will be responsible for the property management of the portfolio. Senior financing was provided by Natixis and Crédit Foncier.This acquisition was executed through the OPCI Tikehau Retail Properties III, created and managed by Tikehau Investment Management, Tikehau Capital Partners being one of the shareholders of this structure, alongside first class institutional partners.“This transaction represents a wonderful opportunity to invest in a diversified portfolio generating secured cash flows, which is part of our continued strategic vision of retail assets. We are also particularly happy about Tikehau’s renewed trust, mandating us today for the asset management of this portfolio, after mandating us on Bercy 2 in October and on the Mr Bricolage portfolio last December,” says François Brisset, Head of Catella Asset Management in France.Tikehau was also advised by notary Wargny Katz along with the Lacourte Raquin Tatar, BDGS Associés and Lefèvre Pelletier Associés law firms. Banks were advised by the notary Allez & Associés as well as by the Archers law firm.Catella’s Asset Management in France provides real estate asset management services for French and international investors. Launched in 2014, the asset management operations rely on a team of seasoned professionals who have developed unique expertise in most real estate asset classes.

Posted in Cronaca/News, Economia/Economy/finance/business/technology | Contrassegnato da tag: , , , | Leave a Comment »

Anti-money laundering directive: vote on the Parliament/Council agreement

Posted by fidest press agency su sabato, 24 gennaio 2015

parlamento europeoBruxelles Tuesday 27 January 2015 at 15.30 Press conference room: Paul-Henri Spaak (PHS) 0A50 press conference with Krišjānis Kariņš (EPP, LV), from the Economic and Monetary Affairs Committee, and Judith Sargentini (Greens/EFA, NL), from the Civil Liberties, Justice and Home Affairs Committee Parliament and Council negotiators reached a deal on the 4th anti-money laundering directive on 16 December, which is to be voted by the Economic and Monetary Affairs Committee and the Civil Liberties, Justice and Home Affairs Committee on 27 January, at 15.00. Under the deal, the ultimate owners of companies will have to be listed in central registers in EU countries, accessible not only to the authorities but also to people with a “legitimate interest”, such as investigative journalists and other citizens. The rules will also require banks, auditors, lawyers, real estate agents and casinos, among others, to be more vigilant about suspicious transactions made by their clients. The new rules will contribute to fight tax crimes and terrorist financing.

Posted in Estero/world news, Politica/Politics | Contrassegnato da tag: , , , | Leave a Comment »

The Civil Liberties Committee will hold a meeting

Posted by fidest press agency su sabato, 24 gennaio 2015

Terrorista– Joint debate on counter-terrorism, de-radicalisation and foreign fighters, as a follow-up to the attacks in Paris on 7-9 January and in the run-up to the informal Justice and Home Affairs Council on 29-30 January, in Riga (Tuesday, 9.15 – 11.30):Exchange of views with Dimitris Avramopoulos, Commissioner for Migration, Home Affairs and Citizenship;Exchange of views with Gilles de Kerchove, EU Counter-Terrorism Coordinator; Presentation of the Radicalisation Awareness Network (RAN) by Omar Ramadan, Head of the RAN Secretariat;
Presentations by:Morten Kjaerum, Director of the EU Fundamental Rights Agency (FRA);Giovanni Buttarelli, European Data Protection Supervisor (EDPS).Vote – jointly with the Economic and Monetary Affairs Committee
– Prevention of the use of the financial system for the purpose of money laundering and terrorist financing [rapporteurs Krišjānis Kariņš (EPP, LV) and Judith Sargentini (Greens/EFA, NL)] and information accompanying transfers of funds [rapporteurs Peter Simon (S&D, DE) and Timothy Kirkhope (ECR, UK)] – reconsultation of the committees (room JAN 4Q2, 15.00 – 15.30)

Posted in Estero/world news, Spazio aperto/open space | Contrassegnato da tag: , , , | Leave a Comment »

«La vie en Raise» Startup, Scaleup, Exit

Posted by fidest press agency su venerdì, 12 dicembre 2014

paris palaceParis. Startup Europe Partnership (SEP) today presented a new Monitor at the SEP Matching Event, hosted by Le Web, that includes preliminary results on the French ICT startup and scaleup ecosystem. SEP identified and analyzed over 50 exits and approximately 250 ICT startups that raised more than $0.5M, with $2.1B raised from the venture capital community. An additional $500M was collected on the stock market (IPO).“Comparing preliminary results from the ICT ecosystems of UK, France, Italy and Spain, the UK and France have the most advanced ecosystems of ICT scaleups,” said Alberto Onetti, Coordinator of SEP. “If we look at the numbers of ICT Scaleups, the UK and France have respectively four times and two and a half times more scaleups than Spain and Italy. But if we look at the capital available for ICT companies seeking to scaling up, the UK has no competition. Compared to France, in the last three years UK scaleups raised twice as much venture capital and eight times as much financing on the stock market (IPO). The SEP Monitor we are going to publish next February in Berlin will add a more comprehensive picture of European scaleups.”
The SEP Monitor identified approximately 250 ICT scaleups based in France that generated significant revenue or received relevant funding (>$0.5M in capital raised, post seed) in the past three years. Approximately 66% of the identified companies raised between $0.5M and $5M, while 24% received between $5M and $20M. 6% of the scaleups received $20M to $50M, and 4% raised more than $50M, totaling more than $2.1B in the past three years. An additional $500 million was raised on the stock market through initial public offerings (see below).Among the most notable French scaleups is Spartoo, an online retailer of shoes and footwear headquartered in Grenoble and founded in 2005. The company raised $55M in three rounds (Series A, B and C) from five investors, including Sofina, A Plus Finance, CM-CIC Capital Prive, Highland Capital Partners and Endeavour Vision. In second position we find Teads, a technology group specialised in the creation of innovative video advertising that raised $52M and acquired five companies (Beezik, Trigami, BeeAd, Nomao.com and PromoDigital). Its merging with Ebuzzing, a global video advertising distribution platform, is expected to generate revenues of $100 million in 2014. Lastly, Paris-based Qosmos, providing network intelligence technology, raised $43M in three rounds from five investors. Recently, the path has been followed by three other French “scalers”: Sarenza, Bla Bla Car, and Deezer, which respectively raised $101M, $110M and $149M. They joined Vente Privee ($2.2B in revenue 2013), the company that pioneered online flash-sales.

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

Invest in Photonics(R) 2010

Posted by fidest press agency su martedì, 27 aprile 2010

Bordeaux, France, Invest in Photonics(R), a two-day international partnering convention that brings together the world’s experts in photonics and leading investors from Europe and beyond to meet with emerging photonics companies seeking financial support, announced that the participation in the event rose, with new attendees coming from the wider European and North American photonics communities.  The 2010 Invest in Photonics welcomed 125 participants, slightly higher than 2008 figures. C-level directors (CEOs, CFOs, CSOs etc) made up the majority of the visitors (64 per cent), with 42 per cent of attendees coming from the US, Canada and European countries outside France.  The 12 companies selected for the special funding session were seeking potential financing in the range of EUR 30 million. They presented projects covering a wide range of market segments. These included optical transport, medical equipment, and intelligent lighting, an area where the total market for LED (including handheld devices, and vehicular etc.), for example, was USD 5.9 billion in 2009. Event organizers awarded the prize for the “Best of the Convention” to LED Linear, a maker of scalable interior and exterior lighting systems using LED technology, based in Germany, for the originality of its product concept and fit with the market. Presentations from 11 of the world’s leading specialists in photonics, as well as the 5-member panel of investors, all confirmed the international nature of the industry, and that it offers strong growth potential, USD 356 billion in 2008 to USD 493 billion by 2020, according to Michael Lebby, president and CEO of the Optoelectronics Industry Development Association. Invest in Photonics(R) was created in 2008 by the ALPhA technology cluster (Aquitaine Laser Photonique et Applications), CEA (French Atomic Energy Commission and the largest government-funded technological research organization in France) and the Bordeaux Chamber of Commerce for the purpose of facilitating meetings between investors and emerging companies in photonics, addressing business issues in photonics, as well as increasing the visibility of the industry.

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

Nasce Barberi, Biagetti e Partners

Posted by fidest press agency su martedì, 20 aprile 2010

La comunicazione del nuovo Studio Barberi, Biagetti e Partners, nato alcune settimane fa dall’integrazione professionale tra gli studi legali Barberi e Partners di Milano e Biagetti di Roma, è stata affidata all’agenzia Echo Comunicazione d’Impresa di Milano. Il nuovo Studio integra le competenze dello Studio Barberi e Partners, costituito nel 1989 dall’avv. Mauro Barberi, con sedi operative a Milano, Genova, Bucarest e Bratislava, specializzato nella consulenza ed assistenza in materia di diritto societario, commerciale, project financing, immobiliare, con quella dello studio Biagetti di Roma, specializzato in appalti pubblici ed arbitrati. La nuova struttura consta di 32 avvocati.

Posted in Diritti/Human rights | Contrassegnato da tag: , , , | Leave a Comment »