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

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

Media, Public Invited to Meet Solvers in NASA Space Food Challenge

WASHINGTON, May 12, 2023 /PRNewswire/ — NASA will announce the second phase winners of its Deep Space Food Challenge, a global competition to help develop innovative food systems for future spacefarers on long-term exploration missions, on Friday, May 19. Teams will showcase their ideas during the NYCxDESIGN Festival in New York, a citywide celebration of… Continue reading Media, Public Invited to Meet Solvers in NASA Space Food Challenge

Shaw says safely delivering reliable and resilient service is the foundation of the Norfolk Southern strategy

“A safer railroad is a better railroad. The events of the last few months have strengthened our commitment to leading the industry in rail safety,” Shaw said. “Every day our company is entrusted with the responsibility of safely moving the goods and materials that drive the U.S. economy. We earn that trust by doing what we… Continue reading Shaw says safely delivering reliable and resilient service is the foundation of the Norfolk Southern strategy

Valvoline Announces Commencement of Tender Offer to Repurchase up to $1.0 Billion in Value of Its Common Stock

LEXINGTON, Ky., May 11, 2023 /PRNewswire/ — Valvoline Inc. (NYSE: VVV), a trusted leader in preventive automotive maintenance delivering quick and convenient service, today announced that it has commenced a modified “Dutch auction” tender offer to repurchase up to $1.0 billion in value of shares of its common stock at a price not greater than $40.00… Continue reading Valvoline Announces Commencement of Tender Offer to Repurchase up to $1.0 Billion in Value of Its Common Stock

Satyen Sail joins as Mobility Business Head at Magenta Mobility

Magenta Mobility, an integrated Electric Mobility solutions provider, has appointed Satyen Sail as its new Mobility Business Head as the company gears up for growth post its recent investment. Satyen has over 27 years of work experience with international brands such as Coca-Cola, Vodafone, Kingfisher, and Reliance. He has also been an entrepreneur and a… Continue reading Satyen Sail joins as Mobility Business Head at Magenta Mobility

StanChart to hire at least 100 for new China investment banking unit

Standard Chartered is hiring at least 100 staff in China as the British lender gears up to launch an investment banking unit in the country targeting niche bond deals, the chairman-designate of the new entity said. The Beijing-based unit, which was awarded a licence in January, is being targeted for launch as early as the end of this… Continue reading StanChart to hire at least 100 for new China investment banking unit

TrueCar Releases First Quarter 2023 Financial Results and Stockholder Letter

Live call and webcast will occur on May 9 at 9:00 a.m. ET SANTA MONICA, Calif., May 8, 2023 /PRNewswire/ — TrueCar, Inc., (NASDAQ:TRUE) today announced financial results for the first quarter ended March 31, 2023 in a stockholder letter, which is available HERE and on the TrueCar investor relations website at ir.truecar.com. The company will… Continue reading TrueCar Releases First Quarter 2023 Financial Results and Stockholder Letter