Morgan – Page 237 – I wish I had more to offer

OptiGroup successfully raises EUR 100 million additional debt from leading investors

GÖTEBORG, Sweden, May 15, 2023 /PRNewswire/ — OptiGroup has raised EUR 100 million via a first lien term loan tap issue in a private transaction in addition to its current EUR 425m first lien and EUR 200m second lien debt financing. Leading international and Nordic institutions participated, and the transaction was oversubscribed. The strong interest… Continue reading OptiGroup successfully raises EUR 100 million additional debt from leading investors

Apax Funds make approximately $450m investment in travel tech company IBS Software

DUBAI, UAE, May 15, 2023 /PRNewswire/ — Funds advised by Apax Partners LLP (“Apax”) announced today that they have reached a definitive agreement to invest approximately $450m to acquire a significant minority stake in IBS Software, a leading provider of modern Software-as-a-Service (SaaS) solutions to the global travel and logistics industry, from Blackstone. Following the transaction,… Continue reading Apax Funds make approximately $450m investment in travel tech company IBS Software

NASA to Select Second Lunar Lander Partner for Artemis Moon Mission

WASHINGTON, May 16, 2023 /PRNewswire/ — During an event at 10 a.m. EDT Friday, May 19, at NASA Headquarters in Washington, the agency will announce the company selected to develop a sustainable human landing system for the Artemis V Moon mission. The human landing system will take astronauts to and from Gateway in lunar orbit to… Continue reading NASA to Select Second Lunar Lander Partner for Artemis Moon Mission

Morgan Stanley weighs cutting 7% of Asia investment bank jobs

Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, or about 40 jobs, according to a source with direct knowledge of the matter. The cuts would mainly impact the investment banking and capital markets business in the region, not including Japan. A Morgan Stanley spokesperson declined to comment. The job cuts are… Continue reading Morgan Stanley weighs cutting 7% of Asia investment bank jobs

Atmus Filtration Technologies Announces Launch of Initial Public Offering

NASHVILLE, Tenn.–(BUSINESS WIRE)–Atmus Filtration Technologies Inc. (Atmus), the Filtration business unit of Cummins Inc. (Cummins; NYSE: CMI), today announced that it has launched a roadshow for its proposed initial public offering (IPO). The IPO is for 14,124,409 shares of the common stock of Atmus currently owned by Cummins. The underwriters will also be granted a… Continue reading Atmus Filtration Technologies Announces Launch of Initial Public Offering

Tesla-Boss Elon Musk (51) has been subpoenaed and requested to disclose documents in connection with a lawsuit against JP Morgan Chase in the case of the late sex offender Jeffrey Epstein. According to a submission on Monday (local time) to the US District Court in Manhattan, Musk received a corresponding subpoena on April 28. It… Continue reading German Manager Magazin: Elon Musk: Tesla boss to disclose connections to Jeffrey Epstein002495

Apax Funds make approximately $450m investment in travel tech company IBS Software

@niche: Workhorse Group Q1 loss grows but makeover nears completion002700

Workhorse Group lost $25 million in the first quarter but made progress on a company overhaul. Workhorse Group reported a larger loss in the first quarter and is short on cash. But it made progress toward ramping up Class 4 electric stepvans and chassis cabs. The Cincinnati-based company is slowly emerging from an extensive and… Continue reading @niche: Workhorse Group Q1 loss grows but makeover nears completion002700