Business capital – Angil http://angil.org/ Tue, 20 Sep 2022 14:13:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://angil.org/wp-content/uploads/2021/06/icon-2021-06-29T195041.460-150x150.png Business capital – Angil http://angil.org/ 32 32 Clarkson University’s Entrepreneurship Program Ranks High in Latest US News Rankings https://angil.org/clarkson-universitys-entrepreneurship-program-ranks-high-in-latest-us-news-rankings/ Tue, 20 Sep 2022 13:58:49 +0000 https://angil.org/clarkson-universitys-entrepreneurship-program-ranks-high-in-latest-us-news-rankings/ Innovation & Entrepreneurship, one of Clarkson University’s flagship programs at the David D. Reh School of Business, has been ranked among the top programs in the nation by US News & World Report. The company released its 2023 Best Colleges Rankings this week, and Clarkson University ranked among the top 130 institutions nationwide, with the […]]]>

Innovation & Entrepreneurship, one of Clarkson University’s flagship programs at the David D. Reh School of Business, has been ranked among the top programs in the nation by US News & World Report. The company released its 2023 Best Colleges Rankings this week, and Clarkson University ranked among the top 130 institutions nationwide, with the entrepreneurship program ranking in the Top 40 in the United States.

Ranked 36 (tied with Syracuse University and Bentley University), Clarkson’s Innovation and Entrepreneurship program gives students the opportunity to take their current passion or idea and make it a reality. The program is one of the few in the country that provides a platform for students in their first semester of college to develop business start-up plans, pitch their idea to venture capital fund managers, and apply for seed capital. to start the business as early as the second half. Many graduates have gone on to start their own business or continue one they started in college.

“It is exciting to be recognized for our student-centered entrepreneurship education program. The results of our approach are gratifying; many of our Reh School of Business alumni are leading innovative companies around the world that are making a significant impact,” said Professor Marc Compeau, co-director of the Reh Center of Entrepreneurship.

“Entrepreneurial leadership is one of the core competencies of the Reh School of Business. The US News ranking is a tribute to the relevance of our program and our focus on experiential learning, the quality of our expert faculty, and our commitment to developing entrepreneurial leaders who combine business acumen, analytical thinking, technical expertise and a global perspective to benefit business and society,” said Dr. Diego Nocetti, Dean of the Reh School of Business.

The global perspective mentioned by Dean Nocetti was also highlighted by Professor Christian Felzensztein, holder of the Reh Endowed Chair in Entrepreneurial Leadership and co-director of the Reh Center of Entrepreneurship: “Last year we launched the Reh Entrepreneurship lecture series , with experts from top-ranked universities around the world. They have helped our students gain a deeper understanding of entrepreneurship and technology issues affecting today’s new global business trends – and eventually to manage their own technology start-ups in a highly globalized economy. Additionally, we also conduct impactful research globally at the intersection of entrepreneurship, innovation and sustainability to help communities and new entrepreneurs succeed in these challenging times of the global economy. “said Felzensztein.

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Capital returns at Bengal Energy (TSE:BNG) do not inspire confidence https://angil.org/capital-returns-at-bengal-energy-tsebng-do-not-inspire-confidence/ Sun, 18 Sep 2022 13:06:31 +0000 https://angil.org/capital-returns-at-bengal-energy-tsebng-do-not-inspire-confidence/ To avoid investing in a declining business, there are a few financial metrics that can provide early indications of aging. A potentially declining business often exhibits two trends, one come back on capital employed (ROCE) which is down, and a base capital employed, which is also down. This tells us that not only is the […]]]>

To avoid investing in a declining business, there are a few financial metrics that can provide early indications of aging. A potentially declining business often exhibits two trends, one come back on capital employed (ROCE) which is down, and a base capital employed, which is also down. This tells us that not only is the company reducing the size of its net assets, but its returns are also decreasing. In light of this, at a first glance at Bengal Energy (TSE:BNG), we’ve spotted signs that he might be in trouble, so let’s investigate.

Return on capital employed (ROCE): what is it?

Just to clarify if you’re not sure, ROCE is a measure of the pre-tax income (as a percentage) that a business earns on the capital invested in its business. To calculate this metric for Bengal Energy, here is the formula:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.0045 = CA$199,000 ÷ (CA$46m – CA$2.2m) (Based on the last twelve months to June 2022).

So, Bengal Energy has a ROCE of 0.5%. In absolute terms, this is a poor performer and it also underperforms the oil and gas industry average by 18%.

Check out our latest analysis for Bengal Energy

rock

Historical performance is a great starting point when researching a stock. So above you can see the gauge of Bengal Energy’s ROCE compared to its past returns. If you want to investigate more about Bengal Energy’s past, check out this free chart of past profits, revenue and cash flow.

What can we say about the ROCE trend of Bengal Energy?

We are a bit worried about the trend in capital returns at Bengal Energy. Unfortunately, capital returns have declined from the 1.4% they were earning five years ago. And on the capital employed front, the company is using roughly the same amount of capital as it was back then. Companies that exhibit these attributes tend not to shrink, but they can be mature and face pressure on their margins from the competition. So, because these trends are generally not conducive to creating a multi-bagger, we wouldn’t hold our breath for Bengal Energy to become one if things continue as they have.

Furthermore, Bengal Energy did well to repay its current liabilities at 4.8% of total assets. This could partly explain why ROCE fell. In effect, this means that their suppliers or short-term creditors finance the business less, which reduces certain elements of risk. Since the company is essentially funding more of its operations with its own money, one could argue that this has made the company less efficient at generating a return on investment.

The basics of Bengal Energy’s ROCE

In summary, it is unfortunate that Bengal Energy generates lower returns from the same amount of capital. Investors did not like these developments, as the stock fell 20% from five years ago. Unless there is a shift to a more positive trajectory in these measures, we would look elsewhere.

Bengal Energy does come with some risk though, and we have spotted 4 warning signs for Bengal Energy that might interest you.

For those who like to invest in solid companies, look at this free list of companies with strong balance sheets and high returns on equity.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Sand Grove Capital Management LLP UK Regulatory Announcement: Form 8.3 – HomeServe plc https://angil.org/sand-grove-capital-management-llp-uk-regulatory-announcement-form-8-3-homeserve-plc/ Fri, 16 Sep 2022 14:00:00 +0000 https://angil.org/sand-grove-capital-management-llp-uk-regulatory-announcement-form-8-3-homeserve-plc/ LONDON–(BUSINESS WIRE)– FORM 8.3 DISCLOSURE OF OPEN POSITION TO THE PUBLIC / DISCLOSURE OF OPERATIONS BY A PERSON HOLDING AN INTEREST IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of the discloser: Sand Grove Capital Management LLP (b) Owner or control of […]]]>

LONDON–(BUSINESS WIRE)–

FORM 8.3

DISCLOSURE OF OPEN POSITION TO THE PUBLIC / DISCLOSURE OF OPERATIONS BY

A PERSON HOLDING AN INTEREST IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Full name of the discloser:

Sand Grove Capital Management LLP

(b) Owner or control of disclosed holdings and short positions, if different from 1(a):

The designation of nominees or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

Funds for which Sand Grove Capital Management LLP acts as investment manager or discretionary sub-advisor

(vs) Name of the offeror/recipient in relation to the securities concerned by this form:

Use a separate form for each offeror/participant

HomeServe Plc

(D) If an exempt fund manager is related to an offeror/beneficiary, state this and provide the identity of the offeror/beneficiary:

(e) Date of position occupied/negotiation carried out:

For an open position disclosure, indicate the last practicable date before disclosure

September 15, 2022

(F) In addition to the company mentioned in 1(c) above, does the discloser make disclosures regarding any other party to the offer?

If it is a cash offer or a possible cash offer, indicate “N/A”

N / A

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or subscription rights to be disclosed in more than one class of relevant securities of the offeror or recipient named in 1(c), copy table 2(a) or (b) (depending on the case) for each additional category of relevant securities. Security.

(a) Interests and short positions in relevant securities of the offeror or recipient to which the disclosure relates following the transaction (if any)

Class of security concerned:

2 9/13p ordinary

Interests

Short positions

Number

%

Number

%

(1) Securities concerned held and/or controlled:

(2) Derivatives settled in cash:

9,505,005

2.82%

(3) Derivatives settled in shares (including options) and purchase/sale contracts:

TOTAL:

9,505,005

2.82%

All interests and short positions must be disclosed.

Details of all open equity-settled derivative positions (including traded options) or agreements to buy or sell the relevant securities must be provided on Supplementary Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including options for directors and other employees)

Class of securities concerned in relation to which a subscription right exists:

Details, including the nature of the rights affected and the relevant percentages:

3. TRANSACTIONS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been transactions in more than one class of relevant securities of the originator or recipient named in 1(c), copy Table 3(a), (b), (c) or (d) ) (as applicable) for each class of relevant securities traded.

The currency of all prices and other monetary amounts must be stated.

(a) Purchases and sales

Relevant security class

Buy Sell

Number of titles

Price per unit

(b) Cash-settled derivative transactions

Relevant security class

Product Description

for example CFDs

Type of transaction

e.g. open/close a long/short position, increase/decrease a long/short position

Number of reference titles

Price per unit

2 9/13p ordinary

CFDs

Increase a long position

150,000

1,188.25

(vs) Equity-settled derivative transactions (including options)

(I) Write, sell, buy or vary

Relevant security class

Product Description for example call option

Write, buy, sell, vary etc.

Number of shares on which the option relates

Strike price per unit

Type

for example American, European, etc.

Expiration date

Option amount paid/received per unit

(ii) Exercise

Relevant security class

Product Description

for example call option

Exercise / exercise against

Number of titles

Strike price per unit

(D) Other transactions (including subscription of new securities)

Relevant security class

Type of transaction

e.g. subscription, conversion

Details

Unit price (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other business arrangements

Details of any indemnity or option agreement, or any agreement or understanding, formal or informal, relating to the relevant securities which may be an inducement to trade or refrain from trading entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, indicate “none”

None

(b) Agreements, Arrangements or Agreements Relating to Options or Derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person regarding:

(I) the voting rights of any relevant security under any option; Where

(ii) voting rights or the future acquisition or disposal of any relevant security to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, indicate “none”

None

(vs) Attachments

Is an additional form 8 (open positions) attached?

Nope

Disclosure date:

September 16, 2022

Contact Name:

Daniel McClachlan

Phone number:

+44 203 770 8617

Public disclosures under rule 8 of the code must be made to a regulatory information service.

The Panel’s Market Surveillance Unit can be consulted about the Code’s disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is an individual, it is not necessary to include a telephone number, provided the contact details have been provided to the market surveillance unit of the panel.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Category code: RET

Sequence number: 989203

Received time (offset from UTC): 20220916T121901+0100

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IFS Capital Limited taps PrimeRevenue as its supply chain finance partner, freeing up working capital for Southeast Asia-based businesses https://angil.org/ifs-capital-limited-taps-primerevenue-as-its-supply-chain-finance-partner-freeing-up-working-capital-for-southeast-asia-based-businesses/ Wed, 14 Sep 2022 14:16:28 +0000 https://angil.org/ifs-capital-limited-taps-primerevenue-as-its-supply-chain-finance-partner-freeing-up-working-capital-for-southeast-asia-based-businesses/ The partnership brings supply chain financing – a process that allows buyers to optimize their working capital management and at the same time provide faster access to cash for suppliers – to companies in South Asia. South East. ATLANTA and SINGAPORE (PRWEB) September 14, 2022 PrimeRevenue, the global leader in B2B working capital and […]]]>

The partnership brings supply chain financing – a process that allows buyers to optimize their working capital management and at the same time provide faster access to cash for suppliers – to companies in South Asia. South East.

PrimeRevenue, the global leader in B2B working capital and payment solutions, and IFS Capital Limited (IFS), a Southeast Asian financial institution that provides businesses with access to capital through simple and affordable solutions, today announced a new partnership.

The partnership brings supply chain financing – a process that allows buyers to optimize their working capital management and at the same time provide faster access to cash for suppliers – to companies in South Asia. South East.

SUSTAINABILITY AND SUPPLY CHAIN ​​FINANCE

A fundamental characteristic of a well-structured supply chain finance program is its ability to improve the robustness of the buyer’s supply chain through an ESG approach. By removing friction between buyers and suppliers, building supply chain resilience, measuring and encouraging sustainable practices, and unlocking capital that can fund the road to net zero emissions, the IFS Supply Chain Finance (SCF), powered by PrimeRevenue’s platform, can help companies achieve their ESG goals.

“Among PrimeRevenue’s core values ​​are performance, innovation and integrity, all of which are values ​​we see at IFS Capital Limited. We are excited to bring our working capital solutions to businesses based in Southeast Asia, and to do so with a like-minded partner by our side,” said PJ Bain, CEO of PrimeRevenue. “One of the main benefits of supply chain finance is the relief from inflationary pressures. By tapping into cash trapped in the supply chain, companies minimize the impact of rising costs on their balance sheets.

“At IFS Capital Limited, we take pride in the way we invest in our people, customers and partners. By partnering with the global leader in supply chain finance, we are aligning ourselves with a great partner who shares our values ​​and vision,” said Randy Sim, Group Managing Director of IFS Capital. “Large and medium-sized companies can consider a well-structured supply chain finance program as an integral pillar of their ESG framework. By cultivating stability and transparency in their supply chains, they also improve their own competitiveness and resilience to future disruptions.

More details on partnership and supply chain financing for companies based in Southeast Asia can be found at https://www.ifscapital.com.sg/supply-chain-financing.

About IFS Capital Limited

IFS Capital is a leading financial institution specializing in providing customized financing solutions in Southeast Asia. The Group was incorporated in Singapore in 1987 and has been listed on the Singapore Stock Exchange since July 1993. The Group is part of the Phillip Capital network of companies, with a global presence that provides factoring, leasing and lending covering individuals, family offices, and corporate and institutional clients in Singapore, Thailand, Malaysia and Indonesia. ECICS Limited, a wholly owned subsidiary of IFS Capital, also provides bonds and guarantees and general insurance services in Singapore. For more information, please visit: https://www.ifscapital.com.sg.

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About PrimeRevenue

As a pioneer in global B2B payments, the PrimeRevenue platform connects the entire supply chain by improving working capital and automating digital payments. Thousands of businesses around the world leverage a streamlined platform to increase payment visibility, improve control, and improve cash flow. PrimeRevenue is headquartered in Atlanta, with offices in London, Prague, Hong Kong and Melbourne. Learn more at http://www.primerevenue.com and join us on Twitter @primevenue and LinkedIn https://www.linkedin.com/company/primerevenue/.

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Insiders own 69% of Literacy Capital plc (LON:BOOK), and they recently bought https://angil.org/insiders-own-69-of-literacy-capital-plc-lonbook-and-they-recently-bought/ Mon, 12 Sep 2022 06:02:12 +0000 https://angil.org/insiders-own-69-of-literacy-capital-plc-lonbook-and-they-recently-bought/ Every investor in Literacy Capital plc (LON:BOOK) should know the most powerful shareholder groups. With a 69% stake, individual insiders own the most shares in the company. In other words, the group is likely to gain the most (or lose the most) from its investment in the business. Interestingly, insiders have been buying stocks recently. […]]]>

Every investor in Literacy Capital plc (LON:BOOK) should know the most powerful shareholder groups. With a 69% stake, individual insiders own the most shares in the company. In other words, the group is likely to gain the most (or lose the most) from its investment in the business.

Interestingly, insiders have been buying stocks recently. This could indicate that they expect stock prices to rise in the near future.

In the table below, we zoom in on Literacy Capital’s different ownership groups.

See our latest analysis for Literacy Capital

distribution of property

What does institutional ownership tell us about Literacy Capital?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it is included in a major index. We would expect most companies to have some institutions listed, especially if they are growing.

We can see that Literacy Capital has institutional investors; and they own a good part of the shares of the company. This implies that analysts working for these institutions have reviewed the stock and like it. But like everyone else, they can be wrong. If multiple institutions change their minds on a stock at the same time, you could see the stock price drop quickly. So it’s worth checking out Literacy Capital’s earnings history below. Of course, the future is what really matters.

earnings-and-revenue-growth

earnings-and-revenue-growth

Hedge funds don’t have a lot of shares in Literacy Capital. Our data suggests that Paul R. Pindar, who is also the company’s Top Key Executive, owns the most shares at 28%. When an insider owns a significant amount of stock in a company, investors view it as a positive sign, as it suggests that insiders are willing to tie their wealth to the future of the company. Meanwhile, the second and third largest shareholders hold 11% and 7.6% of the outstanding shares respectively. Interestingly, the second largest shareholder, Richard Pindar, is also CEO, again, indicating strong insider ownership among the company’s major shareholders.

Looking further, we found that 52% of the shares are held by the top 4 shareholders. In other words, these shareholders have a say in the decisions of the company.

While it makes sense to study data on a company’s institutional ownership, it also makes sense to study analyst sentiment to find out which way the wind is blowing. We don’t see any analyst coverage of the stock at this time, so the company is unlikely to be widely held.

Insider ownership of literacy capital

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management is ultimately responsible to the board of directors. However, it is not uncommon for managers to be members of the management board, especially if they are founders or CEOs.

Insider ownership is positive when it signals that executives think like the true owners of the company. However, strong insider ownership can also give immense power to a small group within the company. This can be negative in certain circumstances.

It appears that insiders own more than half of the shares of Literacy Capital plc. It gives them a lot of power. So they have a £164m stake in this £237m business. Most would be delighted to see the board investing alongside them. You might want to find out (free) whether they bought or sold.

General public property

The general public, including retail investors, owns 15% of the company’s capital and therefore cannot be easily ignored. Although this group may not necessarily make the decisions, they can certainly have a real influence on the way the business is run.

Next steps:

I find it very interesting to see who exactly owns a business. But to really get insight, we also need to consider other information. Know that Literacy Capital shows 1 warning sign in our investment analysis you should know…

Sure this may not be the best stock to buy. Therefore, you may want to see our free set of interesting prospects benefiting from a favorable financial situation.

NB: The figures in this article are calculated using trailing twelve month data, which refers to the 12 month period ending on the last day of the month the financial statements are dated. This may not be consistent with the annual report figures for the full year.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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No. 2 Helena Capital handles business against Kalispell Flathead | Class AA High School Football https://angil.org/no-2-helena-capital-handles-business-against-kalispell-flathead-class-aa-high-school-football/ Sat, 10 Sep 2022 04:30:00 +0000 https://angil.org/no-2-helena-capital-handles-business-against-kalispell-flathead-class-aa-high-school-football/ KALISPELL — Tom Carter and Dylan Graham each scored twice and No. 2 Helena Capital had six rushing touchdowns in a 51-14 rout of Kalispell Flathead. The Bruins, who improved to 3-0 this season and 1-0 in Western Conference AA games, racked up 320 yards in the first half and scored 42 points. “You’re still […]]]>

KALISPELL — Tom Carter and Dylan Graham each scored twice and No. 2 Helena Capital had six rushing touchdowns in a 51-14 rout of Kalispell Flathead.

The Bruins, who improved to 3-0 this season and 1-0 in Western Conference AA games, racked up 320 yards in the first half and scored 42 points.

“You’re still worrying about these games after having two tough games – you’re worrying about the level of effort and what we’re going to look like,” head coach Kyle Mihelish said.

“I thought we went out and did what we were supposed to do. We played at a high level and obviously were able to score 42 points in the first half.

A 28-point second quarter that saw Capital score three times in four minutes and four times in five-and-a-half minutes opened the competition.

Carter found the end zone on back-to-back drives, the second of which was set up by a 50-yard catch and led by Tyler Kovick.

Graham took an optional throw a few plays later and sprinted 29 yards for six to put Capital up by five touchdowns.

Hayden Opitz joined his teammates in the locker room at halftime after racking up north of 100 all-purpose yards in the first half. He broke the scoring seal in the first quarter with a 30-yard run before setting up Graham’s first touchdown of the night with consecutive 18-yard receptions.

His 48-yard catch paved the way for Graham’s second score late in the first half.

Capital, just as it had in the first two games, relied on its defense in the win.

The Bruins’ rapid shooting score can not only be attributed to Capital’s explosive offense, but to a terrorizing defense that forced multiple three-and-outs and Flathead possessions that lasted no more than 90-120 seconds. sometimes.

“The first seven guys are veterans and they understand the pattern, they understand what we’re trying to do,” Mihelish said. “They execute quite well and they play well together. They communicate.

“That’s one thing with this group that really impresses me – they communicate with each other and get the right calls, the right fronts and the right covers.”

Talon Marsh burst into the backfield for a handful of TFL Friday night, and with less than three minutes left in the first half, Kovick hopped a Flathead route and bolted 25 yards to the end zone.

Kovick recorded his second interception of the night a drive later, ending Kalispell’s final drive in the first half with a turnover.

“Kovick is pretty smart in his cover,” Mihelish said. “He understands where he needs to be, so he just cut under the route a little bit and picked it out and ran [into the end zone]. He had another great game on a wheel road.

“The kid goes up to catch it – he’s a 6-foot-4 kid – and Kovick goes up through his hands and down with the ball. He had a big night defensively.

Capital turned to many of their junior college players in the second half and saw Lance Baumgart take a relay and sprint 60 yards into the end zone.

The Braves, who trailed 48-0 at one point, dodged a running clock in the fourth quarter with a pair of touchdowns to Brody Thornsberry, but ultimately succumbed when Capital cut their advantage to 37 points midway through the fourth.

Capital gets Missoula Big Sky next week, while Flathead (1-2) takes on Butte.

“We have achieved what we set out to achieve so far,” Mihelish said. “We’ll just take it one day at a time, one game at a time.”

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Edge Focus Appoints Co-Heads of Automotive and Head of Capital Markets, Positioning Company for Accelerated Growth https://angil.org/edge-focus-appoints-co-heads-of-automotive-and-head-of-capital-markets-positioning-company-for-accelerated-growth/ Thu, 08 Sep 2022 14:02:00 +0000 https://angil.org/edge-focus-appoints-co-heads-of-automotive-and-head-of-capital-markets-positioning-company-for-accelerated-growth/ NEW YORK & CHICAGO–(BUSINESS WIRE)–Edge Focus, a technology company that applies machine learning and artificial intelligence to analyze credit, has expanded its team with three industry professionals. Sean Mills and Federico González joined as co-heads of automotive, and Alex Bisson joined as head of capital markets. These key hires will help accelerate the company’s growth, […]]]>

NEW YORK & CHICAGO–(BUSINESS WIRE)–Edge Focus, a technology company that applies machine learning and artificial intelligence to analyze credit, has expanded its team with three industry professionals. Sean Mills and Federico González joined as co-heads of automotive, and Alex Bisson joined as head of capital markets. These key hires will help accelerate the company’s growth, following the partnerships with Brevan Howard and DRW formed last fall.

As co-heads of automotive, Sean Mills and Federico González lead the company’s growing auto lending strategies. Both Sean and Federico have developed quantitative credit underwriting and risk management strategies in consumer loan portfolios.

Sean earned a BS in Physics from Caltech and a PhD in Astronomy and Astrophysics from the University of Chicago.

Federico holds a bachelor’s degree in mathematics from Simón Bolívar University and a master’s degree in mathematics and a doctorate in statistics from Carnegie Mellon University.

“We are thrilled to have Sean and Federico join Edge Focus. With their combined knowledge and experience in consumer lending and portfolio management, we have built an industry-leading automotive team. Markets automotive loans are poised to be disrupted by technology-based pricing and we are proud to be an early mover in this space,” said Kevin Hennessy, Chief Investment Officer.

As Head of Capital Markets, Alex Bisson leads capital markets transactions, including the development and management of Edge Focus’ securitization platforms. Prior to Edge Focus, Alex was an associate director in Ford Motor Company’s global treasury organization, where he was directly responsible for over $20 billion in ABS transactions and focused on financial strategy, funding and liquidity.

Alex holds a BA in Economics from John Carroll University and an MBA from the Tepper School of Business at Carnegie Mellon University. He is also a CFA charter holder.

“We are excited to have Alex join our team. His deep knowledge of financial markets will be key to accelerating the growth and reach of our capital markets platform,” said Hirak Biswas, Chief Operating Officer.

www.edgefocuspartners.com

About Edge Focus

Launched in 2017, Edge Focus is a technology-driven investment management company with a proprietary credit engine powered by machine learning and AI to assess and fund loans. The firm’s management team has extensive experience and a successful track record in quantitative strategies, high frequency trading, fundamental investing and technology.

The company’s credit engine is capable of analyzing, pricing and forecasting credit default risk with a high degree of accuracy. This has far-reaching applications in investment management, the consumer and SME lending sectors, and other emerging areas of fintech credit.

As a minority owned and operated business, Edge Focus is committed to socially responsible lending practices and believes in fair access to capital, without bias and at fair rates.

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Battle Motors Announces $150 Million Series B Capital Raise https://angil.org/battle-motors-announces-150-million-series-b-capital-raise/ Tue, 06 Sep 2022 13:00:00 +0000 https://angil.org/battle-motors-announces-150-million-series-b-capital-raise/ NEW PHILADELPHIA, Ohio & LOS ANGELES–(BUSINESS WIRE)–Battle Motors, formerly Crane Carrier Company (CCC), has completed a Series B investment round with $150 million in new growth capital from a leading global institutional investor. This fundraising follows a $120 million Series A funding round announced in December 2021. “We validated our strategic growth initiatives and attractive […]]]>

NEW PHILADELPHIA, Ohio & LOS ANGELES–(BUSINESS WIRE)–Battle Motors, formerly Crane Carrier Company (CCC), has completed a Series B investment round with $150 million in new growth capital from a leading global institutional investor. This fundraising follows a $120 million Series A funding round announced in December 2021. “We validated our strategic growth initiatives and attractive industry fundamentals while identifying additional market opportunities,” said Michael Patterson, CEO of Battle Motors.

Battle Motors has executed on its expansion plans and promises to lead the electrification of the professional fleet truck industry since acquiring CCC in 2021. Since then, the company has increased production throughput at its plant by ohio manufacturing [less than] 1 truck per day at its current daily rate of [approximately] 6 trucks per day through increased automation, expanded floor space to 325,000 square feet and nearly tripled its workforce to 300 employees. Additionally, Battle Motors bolstered its management team with several hires of industry veterans, expanded its dealer network, and successfully gained market share in North America.

The pursuit of daily continuous improvement across the company gave Battle Motors the opportunity to increase production in its legacy footprint while construction was still underway. “Challenging ourselves to learn from adversity and be better every day has built the exceptional team needed to achieve all of our goals. Now we have the manufacturing facility to match,” says Cody Boggs, Chief Operating Officer.

Developing and bringing to market a reliable, heavy-duty EV (electric vehicle) truck has been central to Battle Motors’ strategy and the company is pleased to announce FMVSS certification for its line of EV trucks. Complementing the deployment of electric vehicles, Battle Motors has developed its innovative “Smart Cab” platform which includes advanced driver assistance systems (ADAS) and a proprietary connectivity software system, RevolutionOS™, designed to provide actionable data to drivers and fleet managers for increased safety. , efficiency and safety. Battle Motors now delivers its Class 8 heavy-duty electric truck to refuse customers and serves more than 750 municipal customers through 180 dealerships at more than 320 locations in the United States and Canada.

Receiving FMVSS certifications and moving into production on our first EV model validates our team’s perseverance in creating breakthrough innovations and expanding our EV capabilities allows us to create even more disruptive technologies to deliver to the market,” says CTO Kelleigh Ash.

Proceeds from this capital increase will be used to increase production throughput to 16 trucks per day, fill existing backlog, expand electric vehicle manufacturing capabilities and general business needs.

BTIG, LLC served as financial advisor to Battle Motors in connection with the capital raise.

www.battlemotors.com

@BattleMotors

ABOUT BATTLE ENGINES

Battle Motors was founded in 2021 by Mike Patterson, the founder of Romeo Power. Battle Motors, a leader in the development of electric vehicle (EV) technology, acquired commercial vehicle original equipment manufacturer (OEM), Crane Carrier Company, LLC (CCC) in 2021. Battle Motors is the industry leader in professional trucks, providing work-ready diesel, clean natural gas (CNG) and now EV chassis designed and manufactured in North America for the waste and recycling markets. Battle Motor’s durable and reliable trucks are designed to excel in a multitude of applications that now include mid- and last-mile delivery. CCC has been manufacturing utility vehicles for 76 years and is based in New Philadelphia, Ohio. www.battlemotors.com

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Black business owners in Mississippi’s capital speak out against water issues https://angil.org/black-business-owners-in-mississippis-capital-speak-out-against-water-issues/ Sun, 04 Sep 2022 15:22:12 +0000 https://angil.org/black-business-owners-in-mississippis-capital-speak-out-against-water-issues/ JACKSON, Mississippi (AP) — When John Tierre launched his restaurant in Jackson’s neglected historic Farish Street neighborhood, he was drawn to the neighborhood’s past as an economically independent cultural center for black Mississippians and the prospect of to help usher in an era of renewal. prosperity. This week he sat on the empty, sunny terrace […]]]>

JACKSON, Mississippi (AP) — When John Tierre launched his restaurant in Jackson’s neglected historic Farish Street neighborhood, he was drawn to the neighborhood’s past as an economically independent cultural center for black Mississippians and the prospect of to help usher in an era of renewal. prosperity.

This week he sat on the empty, sunny terrace of Johnny T’s Bistro and Blues and lamented all the business he lost as contaminated water leaked through his pipes – just like other users of the majority black city of 150,000 people, if they were lucky enough to have any pressure. The revival he and others envisioned seems very uncertain.

“The numbers are very low for lunch,” Tierre told The Associated Press. “They probably take their stuff to the outskirts where they don’t have water problems..”

Torrential rains and Pearl River flooding in late August exacerbated problems at one of Jackson’s two treatment plants, causing pressure to drop across the city, where residents were already reeling a boil water order due to its poor quality.

Officials said Sunday that most of Jackson should have running water, although residents are still advised not to drink directly from the tap. The city remains under a boil water advisory. Officials also said future repairs leave potential for water pressure fluctuations.

The water crisis has aggravated the financial pressure caused by a persistent labor shortage and high inflation. And the flow of consumer dollars from Jackson and its crumbling infrastructure to the outskirts of town is hitting black-owned businesses the hardest, owners say.

Another black entrepreneur who has taken a hit is Bobbie Fairley, 59, who has lived in Jackson all her life and owns Magic Hands Hair Design in the south end of the city.

She canceled five appointments on Wednesday because she needs high water pressure to rinse her clients’ hair of treatment chemicals. She also had to buy water to wash her hair in order to be in good shape and at all possible appointments. When customers don’t come in, she loses money.

“It’s a big burden,” she said. “I can’t afford this. I can’t afford it at all. »

Jackson can’t afford to fix his water problems. The tax base has eroded in recent decades as the population has shrunk, the result of the flight of mostly whites to the suburbs that began about a decade after the integration of public schools in 1970. Today, the city is over 80% black and 25% of its residents live in poverty.

Some say the uncertainty facing black businesses is part of a pattern of adversity resulting from both natural disasters and political decisions.

“It’s a punishment for Jackson because he was open to the idea that people should be able to attend public schools and people should have access to public spaces without abuse,” said Maati Jone Primm, owner of Marshall’s. Music and Bookstore next to Johnny. T. “Because of this, we have people who fled to the suburbs.”

Primm thinks about Jackson’s long-standing water issues — some of which date back to the 1970s, when federal spending on water utilities peaked, according to a 2018 Congressional Budget Office report — have been compounded by the inaction of Mississippi’s majority white, conservative-dominated legislature.

“For decades this was a malignant attack, not a benign one. And it was helpful,” Primm said.

Political leaders have not always been on the same page. Jackson’s Democratic Mayor Chokwe Antar Lumumba blamed the water problems on decades of deferred maintenance, while Republican Gov. Tate Reeves said they stem from city-level mismanagement.

Last Monday, the governor held a press conference on the crisis, and the mayor was not invited. Another took place later in the week where they both appeared, but Primm said it’s clear the two aren’t together.

“The lack of cooperation speaks to the continued punishment Jackson must endure,” she said.

Under normal circumstances, Labor Day weekend is a busy time at Johnny T’s. The college football season attracts devoted Jackson State fans who watch away games on bistro televisions or leave the stadium after home games. But this weekend, many regulars were busy stocking up on bottled water for drinking or boiling tap water for cooking.

Even though revenues have fallen, land expenses have increased. He spent $300-500 a day on ice and bottled water, not to mention canned pop, tonic water, and whatever else would typically be served from a soda gun. He brings the staff in a few hours earlier than usual so they can get a head start on the boiling water to wash the dishes and stack the extra soda cans.

In total, Tierre estimated, he shells out more than an additional $3,500 a week. Customers pay the price.

“You have to pass some of it on to the consumer,” Tierre said. “Now your Coke is $3, and there are no more refills.”

At a water distribution site in south Jackson this week, local resident Lisa Jones brought empty paint buckets to fill for her family to bathe in. In a city with crumbling infrastructure, Jones said she felt trapped.

“Not everyone can move right now. Not everyone can go to Madison, Flowood, Canton and all those other places,” she said, citing three other affluent suburbs. “If we could, believe me, it would be a grim sight: houses would be boarded up street by street, neighborhood by neighborhood.”

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Michael Goldberg is a member of the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places reporters in local newsrooms to report on underreported issues. Follow him on Twitter at twitter.com/mikergoldberg.

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Veritas Capital buys Chromalloy from Carlyle for $1.6 billion – sources https://angil.org/veritas-capital-buys-chromalloy-from-carlyle-for-1-6-billion-sources/ Sat, 03 Sep 2022 00:46:00 +0000 https://angil.org/veritas-capital-buys-chromalloy-from-carlyle-for-1-6-billion-sources/ Join now for FREE unlimited access to Reuters.com Register Sep 2 (Reuters) – Private equity firm Veritas Capital Fund Management LLC has agreed to buy aircraft parts maker Chromalloy Gas Turbine LLC from Carlyle Group Inc (CG.O) for more than $1.6 billion. dollars, debt included, according to people familiar with the matter. . The deal […]]]>

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Sep 2 (Reuters) – Private equity firm Veritas Capital Fund Management LLC has agreed to buy aircraft parts maker Chromalloy Gas Turbine LLC from Carlyle Group Inc (CG.O) for more than $1.6 billion. dollars, debt included, according to people familiar with the matter. .

The deal could be announced as early as Tuesday, said the sources, who requested anonymity because the talks are confidential.

Chromalloy, based in Palm Beach Gardens, Florida, is the only remaining business of Sequa Corporation, which Carlyle acquired in 2007.

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Carlyle and Veritas did not immediately respond to requests for comment.

Founded in 1950, Chromalloy manufactures and services engine turbines and other similar machinery used in the aviation, energy and defense industries. Chromalloy was acquired by Sun Chemical in 1986 and the combined company was renamed Sequa Corporation.

Chromalloy will be Veritas Capital’s latest acquisition in the aerospace and defense sector. In 2015, Veritas acquired aircraft maintenance company StandardAero Aviation for approximately $2 billion and sold it to Carlyle for over $5 billion in 2018. Veritas sold engineering company Alion Science and Technology to Huntington Ingalls Industries (HII.N) for $1.65 billion in cash in 2021.

New York-based Veritas manages more than $40 billion in assets across technology, engineering services, aerospace and defense.

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Reporting by Chibuike Oguh in New York and Mike Stone in Washington Editing by Matthew Lewis

Our standards: The Thomson Reuters Trust Principles.

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