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All Super-Voting Shares of Clearwater Analytics Converted to Single-Vote Shares

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
BOISE, Idaho & CHICAGO & NEW YORK & LONDON--(BUSINESS WIRE)--Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced that all of its shares of Class C Common Stock and Class D Common Stock, which carry 10 votes, were automatically converted to Class B Common Stock and Class A Common Stock, which carry 1 vote, eliminating all outstanding super-voting shares. The conversion occurred in connection with the sale of approximately 14.1

RIS Rx Announces Growth Investment from Summit Partners to Combat Revenue Leakage in Pharma Patient Affordability Programs

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--RIS Rx, a healthcare technology company pioneering solutions to reduce revenue leakage in pharmaceutical gross-to-net spread, today announced a significant growth investment from Summit Partners. This partnership will support RIS Rx’s continued innovation and growth in service of the company’s commitment to improving patient access to treatment, one prescription at a time. Founded in 2020 by pharmacists Gerard Rivera and Stephen Hom, RIS Rx was born out o

ARDRI Welcomes Jeffery Gray as Vice President of Talent Acquisition — Driving Growth Through People and Purpose

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
CALABASAS, Calif.--(BUSINESS WIRE)-- #ARDRI--ARDRI, a technology-driven Non-QM and Business Purpose lender, is proud to highlight the impact of Jeffery Gray, who now serves as Vice President of Talent Acquisition. With over a decade of experience matching top talent with leading mortgage firms, Jeffery is already bringing a powerful mix of insight, leadership, and passion to ARDRI’s mission of empowering TPO mortgage brokers through innovation and a people-first culture. Jeffery previously led recruitme

Ortelius Reaffirms Strategy to Unlock Sustainable Long-Term Value for Brookdale Senior Living Inc. Stockholders

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
NEW YORK--(BUSINESS WIRE)--Ortelius Advisors, L.P. (“Ortelius”) today issued the following open letter to fellow stockholders of Brookdale Senior Living Inc. (NYSE: BKD)(“Brookdale” or the “Company”), which further outlines that the judgement, execution, and decision-making abilities of Brookdale’s current Board of Directors (the “Board”) remain highly questionable, and stresses the urgent need for meaningful, stockholder-driven change, following years of dismal performance, chronic undervaluat

BTIG Launches Hedge Fund Solutions Group to Meet Evolving Client Needs

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
NEW YORK--(BUSINESS WIRE)--BTIG announced today the formation of its Hedge Fund Solutions Group. Paul Covello and David Gold will serve as Co-Heads of the U.S. division, with Trevor Harrison, Chief Executive Officer of BTIG Singapore, leading efforts in the APAC region. The Tactical Hedge Fund Group based in London will continue to support the firm’s client base across EMEA. The Hedge Fund Solutions Group will work alongside the firm’s institutional businesses, outsource trading and prime broke

Rothschild & Co Announces Creation of Global Markets Solutions and Rebranding of Research Arm

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
NEW YORK--(BUSINESS WIRE)--Rothschild & Co is combining all of its capital markets facing activities into a new single, global structure called Global Markets Solutions (GMS). The new entity will include Rothschild & Co’s research arm, Redburn Atlantic, which will be rebranded Rothschild & Co Redburn. GMS positions Rothschild & Co to provide research-led distribution and execution seamlessly across public and private markets. “Our clients, specifically Financial Sponsors and pri

Seven Hills Realty Trust Closes $28 Million Bridge Loan to Refinance an Industrial Property in San Antonio, Texas

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $28 million first mortgage floating rate bridge loan to refinance Rise at Loop 410, a 360,000 square foot industrial warehouse distribution facility recently developed in San Antonio, Texas. The loan has a three-year initial term with two one-year extension options, subject to the borrower meeting certain requirements. SEVN’s manager, Tremont Realty Capital, was introduced to the transaction

Houlihan Capital Welcomes Paul C. Stefunek as Director of Business Development

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
CLEVELAND--(BUSINESS WIRE)-- #BuySideAdvisory--Houlihan Capital, an employee-owned valuation, financial advisory, and investment banking firm, announces the addition of Paul C. Stefunek as a Director of Business Development. With over two decades of experience in strategic relationship-building and business growth, Mr. Stefunek will expand Houlihan Capital's national presence. Driving Growth Across Diverse Sectors Mr. Stefunek will cultivate client relationships across Houlihan's diverse client base, including bu

Bennett Blau Joins Evercore as Senior Managing Director in the Healthcare Investment Banking Group

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
NEW YORK--(BUSINESS WIRE)--Evercore (NYSE: EVR) announced today that Bennett Blau has joined the firm as a senior managing director in the healthcare investment banking group, where he will focus on the medical technology sector. He will be based in San Francisco. Naveen Nataraj, co-head of U.S. Investment Banking, said, “We are excited to welcome Bennett to Evercore. His deep expertise in medtech will further broaden our healthcare franchise to best serve our clients holistically.” “Medical te

Shareholder Alert: The Ademi Firm Investigates Whether Sage Therapeutics, Inc. Is Obtaining a Fair Price for Its Public Shareholders

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating Sage (NASDAQ: SAGE) for possible breaches of fiduciary duty and other violations of law in its transaction with Supernus Pharmaceuticals. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the tender offer transaction, shareholders of Sage will receive $8.50 per share in cash (or an aggregate of ap

Rithm Capital Corp. Announces Proposed Offering of Senior Unsecured Notes

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm” or the “Company”) announced today that it plans to offer $500 million aggregate principal amount of senior unsecured notes due 2030 (the “notes”). The Company intends to use a portion of the net proceeds from this offering to redeem the outstanding 6.250% senior unsecured notes due 2025 (the “2025 Notes”), with the remainder of the net proceeds to be used for general corporate purposes, which may include the repayment of other

ICE to dual-list on NYSE Texas

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
ATLANTA--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data and parent company of the New York Stock Exchange (NYSE), today announced that it will dual-list on NYSE Texas, effective June 17, 2025. “Founded 25 years ago and listed on the NYSE for nearly two decades, ICE has consistently worked to stay at the forefront of innovation in capital markets,” said Jeffrey C. Sprecher, ICE Chair & Chief Executive Officer. “Supporting the mom

Commerce Bancshares, Inc. and Finemark Holdings, Inc. Announce Definitive Merger Agreement

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
KANSAS CITY, Mo. & FORT MYERS, Fla.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ:CBSH) (“Commerce”) and FineMark Holdings, Inc. (OTCQX:FNBT) (“FineMark”) today jointly announced they have entered into a definitive merger agreement pursuant to which Commerce will acquire FineMark in an all-stock transaction valued at approximately $585MM. FineMark is the parent company of FineMark National Bank & Trust, a nationally chartered commercial bank and trust company serving clients through 1

Enable Launches the Tariff Price Planner, Helping Businesses Respond Instantly to Tariff Volatility

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
SAN FRANCISCO--(BUSINESS WIRE)-- #AI--Enable Launches the Tariff Price Planner, Helping Businesses Respond Instantly to Tariff Volatility

American Express Announces Major Updates Coming to U.S. Consumer and Business Platinum Cards® Later This Year

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
NEW YORK--(BUSINESS WIRE)--American Express (NYSE: AXP) is announcing today major updates coming to its U.S. Consumer and Business Platinum Cards® later this year. With these updates, the company is making its largest investment ever in a Card refresh. “More than forty years ago, we introduced the Platinum Card, and we continue to offer Platinum Cards with global servicing, unique benefits and experiences that our Card Members love,” said Howard Grosfield, Group President, U.S. Consumer Service

Lazard Releases 2025 Levelized Cost of Energy+ Report

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
NEW YORK--(BUSINESS WIRE)--Lazard Inc. (NYSE: LAZ) is proud to announce the release of the 18th edition of its Levelized Cost of Energy+ (LCOE+) report, a widely-cited, annual analysis that provides insights into the cost competitiveness of various energy generation technologies. The report explores key aspects of energy generation, energy storage, and system-level considerations while reflecting on developments over the past 12 months. “In today’s rapidly evolving energy landscape, the relevan

CleanCapital Expands Distributed Generation Credit Facility with Rabobank, Leveraging Energetic Capital’s EneRate Credit Cover®

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
NEW YORK--(BUSINESS WIRE)--CleanCapital expands $81M facility with Rabobank, using Energetic Capital’s EneRate Credit Cover® to scale C&I solar and storage project deployment.

Walker & Dunlop Investment Partners Closes Seventh Discretionary Equity Fund

Lastest from Businesswire - Mon, 06/16/2025 - 08:50
BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop Investment Partners (“WDIP”) announced the successful closing of its seventh discretionary equity fund, Fund VII, a $135 million value-add and opportunistic vehicle focused on middle market multifamily and industrial real estate across the U.S. Fund VII, managed by Brian Cornell, Ryan Castle, Marcus Duley, and Mitch Resnick, has already seeded eight investments, totaling over 50% of its capital commitments, and is well on its way to fully depl

Aviation Capital Group Closes $1 Billion Delayed Draw Secured Term Loan

Lastest from Businesswire - Mon, 06/16/2025 - 05:49
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #acg--Aviation Capital Group LLC (“ACG”) announced today the closing of a $1 billion delayed draw secured credit facility entered into with a syndicate of lenders and maturing in June 2027. Crédit Agricole Corporate & Investment Bank acted as Structuring Agent, Lead Arranger, Bookrunner and Administrative Agent. Bank of China, Los Angeles Branch, BNP Paribas, Société Générale and Truist Bank joined as Joint Lead Arrangers. “We are excited to announce the cl

Lumen Technologies Scales B2B Personalization with Generative AI Innovations in Adobe GenStudio

Lastest from Businesswire - Mon, 06/16/2025 - 05:49
SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Adobe (Nasdaq:ADBE) announced that enterprise digital networking company Lumen Technologies is embracing Adobe GenStudio to activate generative AI across their organization, shortening the time it takes to deliver personalized business-to-business (B2B) marketing campaigns. Engaging B2B decision makers, who influence major technology investments in their organizations, requires interactions that are highly tailored to their industry, persona and stage i

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