Aviation industry veteran Robbie Bourke joins Clermont Group as Head of Aerospace Bourke will oversee Clermont’s mission to lead the sustainable aviation revolution, which includes the pioneer in electric propulsion, magniX, and Eviation, the maker of the Alice all-electric commuter aircraft Bourke has more than 20 years of industry experience, including senior roles at Oliver… Continue reading Clermont Group Welcomes Robbie Bourke as Head of Aerospace
Tag: Strategy
NWTN Announces Agreement to Acquire Strategic Stake in Evergrande New Energy Auto
DUBAI, UAE, Aug. 14, 2023 /PRNewswire/ — NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world (“NWTN” or the “Company”), today announced that the Company has reached an agreement to make a strategic investment of US$500 million in China Evergrande New Energy Vehicle Group Ltd. (HKSE:0708), a Chinese… Continue reading NWTN Announces Agreement to Acquire Strategic Stake in Evergrande New Energy Auto
Announcing new leadership appointments at HH Global
HH Global is excited to announce three significant, new leadership appointments LONDON, Aug. 14, 2023 /PRNewswire/ — As we continue to grow and succeed as a business it is essential that our strategy and organizational design evolve to keep ahead of ever-changing and increasingly demanding client and commercial market needs. Group President Kristian Elgey has… Continue reading Announcing new leadership appointments at HH Global
OFFSITE LAUNCHES “AIRBNB FOR TEAM RETREATS” TO RECONNECT REMOTE AND HYBRID COMPANIES
NEW YORK, Aug. 15, 2023 /PRNewswire/ — Offsite, the leading provider in team retreat planning services for remote and hybrid teams, today announced the launch of their first publicly-available software product, a curated marketplace that saves companies time, money, and stress planning offsites. Through Offsite’s Airbnb-style marketplace, users can now create an account, search across… Continue reading OFFSITE LAUNCHES “AIRBNB FOR TEAM RETREATS” TO RECONNECT REMOTE AND HYBRID COMPANIES
Delta, Certares and Knighthead accelerate Wheels Up business transformation with expanded strategic partnership
No. 1 premium airline joins travel and tourism investment firm Certares and deep value and turnaround investment firm Knighthead in a non-binding agreement in principle to co-lead a $500 million facility The lenders will receive newly issued Wheels Up Class A common stock resulting in the lenders owning approximately 95% of the pro forma equity… Continue reading Delta, Certares and Knighthead accelerate Wheels Up business transformation with expanded strategic partnership
Trident Seafoods to Delay Unalaska Processing Plant Investments through 2024; Remains Confident in the Alaska Seafood Industry
Global market conditions and record harvests drive decisions to delay – but not cancel – Trident’s plans to build its plant of the future in Alaska. SEATTLE, Aug. 15, 2023 /PRNewswire/ — Trident Seafoods announced today that the company has reevaluated its 2024 plans to begin construction of a new processing plant in Unalaska, Alaska.… Continue reading Trident Seafoods to Delay Unalaska Processing Plant Investments through 2024; Remains Confident in the Alaska Seafood Industry
Evergrande’s EV unit to raise $500m from Dubai’s NWTNEvergrande NEV had reported a combined net loss of $9.8b for 2021 and 2022.
The listed electric vehicle (EV) arm of indebted property developer China Evergrande Group has entered into an agreement to raise $500 million in a strategic investment to keep its business afloat. NWTN, a Dubai-based mobility technology firm founded in 2016 by Chinese entrepreneur Alan Nan Wu, will invest $500 million in Hong Kong-listed China Evergrande… Continue reading Evergrande’s EV unit to raise $500m from Dubai’s NWTNEvergrande NEV had reported a combined net loss of $9.8b for 2021 and 2022.
Singapore’s Growtheum Capital closes debut fund at $567m, a tad below target
Singapore-based private equity firm Growtheum Capital Partners has secured the final close of its debut fund at $567 million, just shy of its initial target of $600-800 million. The fund close takes place amid a trying time for fund managers globally, who are receiving a cold reception from limited partners (LPs) who have turned cautious since… Continue reading Singapore’s Growtheum Capital closes debut fund at $567m, a tad below target
Nantong High-tech Zone to lure more projects in key sectors
SHANGHAI, Aug. 11, 2023 /PRNewswire/ — In recent years, Nantong has benefited from multiple national strategic opportunities, such as the Yangtze River Economic Belt and the integration of the Yangtze River Delta. By 2022, Nantong’s GDP reached 1.14 trillion yuan, ranking 23rd among major cities nationwide and 5th among prefecture-level cities. Nantong High-tech Zone was established… Continue reading Nantong High-tech Zone to lure more projects in key sectors
NETA AUTO COMING TO ESTABLISH AND SUSTAIN IN INDONESIA
HELLO INDONESIA, THIS IS NETA JAKARTA, Indonesia, Aug. 10, 2023 /PRNewswire/ — Since one year after being introduced overseas, this year, NETA, is established and officially introduced in Indonesia through the Gaikindo Indonesia International Auto Show (GIIAS) 2023 exhibition. As an automotive brand that was first introduced to China mass market back in June 2018 and… Continue reading NETA AUTO COMING TO ESTABLISH AND SUSTAIN IN INDONESIA