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
Tag: Strategy
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
Saudi Arabia’s New Airline Signs its First Sports Sponsorship Deal with Leading Spanish Football Club
– Riyadh Air, Saudi Arabia’s world-class, digitally-led airline and leading Spanish and European football club Atlético de Madrid announce historic partnership – The multiyear agreement will see Riyadh Air as main sponsor and official airline partner – The airline continues to reveal major milestones ahead of its first flight in 2025 MADRID, Aug. 10, 2023… Continue reading Saudi Arabia’s New Airline Signs its First Sports Sponsorship Deal with Leading Spanish Football Club
Vitan Equipment Holding Company, Material Handling Group USA, Begins Partnership with Matthai Material Handling
CANTON, Mich., Aug. 15, 2023 /PRNewswire/ — Vitan Equipment, a material handling equipment and solutions provider headquartered in Michigan, announces today their holding company, Material Handling Group USA (MH Group USA) has partnered with Matthai Material Handling as a new dealer/location on the East Coast. Matthai is a proud dealer for Linde Material Handling, Big… Continue reading Vitan Equipment Holding Company, Material Handling Group USA, Begins Partnership with Matthai Material Handling
FirstElement Fuel, the World-Leading Provider of Hydrogen Refueling Solutions, is Awarded $7.7 Million from the California Energy Commission to Scale up its Manufacturing Capacity
“The CEC is playing a huge role to transition the state of California, and the world, away from fossil fuels. It’s truly an honor to continue our partnership with the CEC to make zero emissions transportation a reality,” said Joel Ewanick, Founder and Chief Executive officer of FEF. FEF’s manufacturing facility in Santa Ana currently… Continue reading FirstElement Fuel, the World-Leading Provider of Hydrogen Refueling Solutions, is Awarded $7.7 Million from the California Energy Commission to Scale up its Manufacturing Capacity
Seadrill Announces Second Quarter 2023 Results and $250 Million Share Repurchase Authorization
Delivered $159 million of Adjusted EBITDA(1) on $414 million of revenue, resulting in an Adjusted EBITDA Margin(1) of 38.4%, and net income of $94 million, or $1.16 per diluted share Closed Aquadrill transaction on April 3, increasing contracted floater count for the quarter by four to 12 After the quarter, successfully issued $575 million of 8.375%… Continue reading Seadrill Announces Second Quarter 2023 Results and $250 Million Share Repurchase Authorization
Plaza Premium Group Achieves Remarkable Growth with Crimtan’s Targeted Advertising Solutions
The partnership drove a 37% increase in new customers in the first month Highest new customer growth rate in a month was 187% SINGAPORE, Aug. 15, 2023 /PRNewswire/ — Plaza Premium Group, the global leader in integrated airport hospitality experiences, announced the results of a successful partnership with Crimtan, the pioneer of lifecycle marketing for programmatic… Continue reading Plaza Premium Group Achieves Remarkable Growth with Crimtan’s Targeted Advertising Solutions
Clermont Group Welcomes Robbie Bourke as Head of Aerospace
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
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