Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 55

Posts Tagged ‘majority’

LLR Partners Acquires a Majority Stake in Geoforce

Posted by fidest press agency su venerdì, 20 dicembre 2019

Geoforce, a leading provider of global traceability and Track and Trace solutions for field equipment and vehicles, announced today that LLR Partners has acquired a majority stake and made a growth capital investment in the business.Geoforce offers a cloud-based software platform that delivers a unified view of multiple asset types, including non-powered equipment, powered equipment and vehicles, through ruggedized satellite and cellular-based GPS devices. Its solutions help more than 900 customers in over 70 countries manage dispersed field assets in often chaotic operating environments while reducing maintenance costs, increasing transparency between parties, and improving safety and compliance. Geoforce is the leader in the Oil & Gas market and its solutions are used in many other industries with intensive field operations and remote equipment, including agriculture, construction, mining, transportation, logistics and rail. Vaquero Capital served as financial advisor to Geoforce and DC Advisory served as financial advisor to LLR in connection with this transaction.

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KKR Completes Purchase of a Majority Interest in NVC China

Posted by fidest press agency su lunedì, 16 dicembre 2019

Global investment firm KKR and NVC International Holdings Limited (“NVC International”) (Stock Code:2222) today announced the completion of KKR’s purchase of a majority interest in NVC Lighting’s China lighting business (“NVC China” or the “Company”). With the completion of the transaction, KKR owns 70 percent of NVC China and NVC International holds the other 30 percent.
NVC China is a leading manufacturer of branded lighting products in China, and additionally provides lighting solutions to consumers and business clients through a robust distribution network across the country. Together with KKR and NVC International, NVC China aims to enhance its ability to meet Chinese consumers and businesses’ demand for high-quality lighting products and solutions. With the support of KKR’s extensive operational expertise, the Company will look to adopt enhanced technologies and practices to differentiate itself as an industry innovator in areas such as energy conservation.NVC China will continue in its commitment to the China market and focus on addressing the increasing demand of Chinese consumers and business clients for high-quality lighting products. The support of KKR’s resources and operational expertise will enable the business to undertake a long-term growth strategy that is also supported by China’s ongoing consumption, industrial and commercial upgrades, as well as the promotion of environmental protection, health and energy conservation. These trends underpin healthy long-term sector growth for the lighting industry in China, and NVC China will invest in its business to ensure the NVC brand stays ahead as a technology and business model innovator.KKR made its investment from its flagship Asian Fund III. China is a core focus within KKR’s Asia Pacific strategy and will continue to prosper going forward. KKR has deployed more than US$4.6 billion since 2007 to support the development of domestic champions into industry leaders. KKR delivers deep, local expertise to Chinese companies across various sectors through its offices in Beijing, Hong Kong, and Shanghai.

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WJC Urges Germany to Resolve Greek Jewish Holocaust Dispute

Posted by fidest press agency su domenica, 9 marzo 2014

NEW YORK – The 3466fda168dcb9167a6a8ec65d789ac9b1a4a1df today urged Germany to resolve the issue of the Greek Jewish community of Thessaloniki’s request for return of a multi-million-dollar ransom it paid to Nazi occupiers during World War II.“Surely the German government, which has settled so many Holocaust-era claims righteously, can find a resolution for this claim, which the Jewish community of Thessaloniki in Greece has pressed for decades and is extensively documented,” said World Jewish Congress President Ronald S. Lauder. “As German President Joachim Gauck makes an official visit to Greece this week, now is the time to bring closure to this episode.”
The claim of the Jewish community of Thessaloniki, which is now before the European Court of Human Rights in Strasbourg, arises from events in 1942, when Nazi authorities enslaved some 10,000 Jewish men and forced them to work on road and railway projects in unhealthy conditions. In order to secure their release, the community paid 1.9 billion drachmas (the equivalent of about $61 million in today’s money) to the Nazi commander of Macedonia, Max Merten. Many of the men died under the brutal conditions, and most of the others were later deported with the majority of Thessaloniki’s Jews to Auschwitz, where they perished. About 90% of Thessaloniki’s 50,000 Jews were murdered by the Nazis.The Jewish community of Thessaloniki began pressing the claim in Greek courts in 1997, but the suit was thrown out by the nation’s highest court in 2013 for lack of jurisdiction. This year, the Jewish Community sued Germany at the European Court of Human Rights, but Germany’s Finance Ministry so far has rejected the request.

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