Lastest from Businesswire
o15 Capital Partners Raises Nearly $400 Million to Invest in Emerging American Businesses
ATLANTA--(BUSINESS WIRE)--o15 Capital Partners (“o15”), a mission-driven alternative investment firm dedicated to providing growth capital to undercapitalized companies and communities, today announced the successful close of its inaugural fund, o15 Emerging America Credit Opportunities Fund LP (the “Fund”), at approximately $370 million. The Fund’s capital, together with capital raised by o15 for related co-investment vehicles, totals nearly $400 million. The Fund received strong backing from
Ares Management Serves as Administrative and Collateral Agent for Over $1 Billion in New Financing to Support the Recapitalization of GHX
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that an Ares Credit fund served as the administrative and collateral agent on a financing package to support the recapitalization of Global Healthcare Exchange, LLC (“GHX”). Founded in 2000, GHX is the leading provider of mission critical supply chain software automation solutions in the healthcare industry, facilitating accurate and timely connectivity between suppliers, providers, and distributors. GH
MarketAxess Reports Fourth Quarter and Full Year 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the fourth quarter and full year ended December 31, 2024. 4Q24 select financial and operational highlights* Total revenues of $202.4 million, including an increase of approximately $1.0 million from the impact of foreign currency fluctuations. 15% growth in emerging markets and Eurobonds commission revenue,
Mercer Advisors Appoints Alisa Maute as Head of Client Development
DENVER--(BUSINESS WIRE)--Alisa Maute joins Mercer Advisors as head of client development to lead and scale its high-performing client development teams.
Tradeweb Reports Fourth Quarter and Full Year 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--TRADEWEB REPORTS FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS
Lincoln Financial Reports 2024 Fourth Quarter and Full Year Results
RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial (NYSE: LNC) today reported financial results for the fourth quarter and full year ended December 31, 2024. Fourth quarter net income available to common stockholders was $1.7 billion, or $9.63 per diluted share. Fourth quarter adjusted operating income available to common stockholders was $332 million, or $1.91 per diluted share. The primary differences between net income and adjusted operating income resulted from the following factors: $1.2 bill
Tradeweb Reports January 2025 Total Trading Volume of $54.6 Trillion and Average Daily Volume of $2.44 Trillion
NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of January 2025 of $54.6 trillion (tn)1. Average daily volume (ADV) for the month was $2.44tn, an increase of 20.3 percent (%) year-over-year (YoY). Excluding the impact of the ICD acquisition, which closed on August 1, 2024, total ADV for the month of January was up 6.4% YoY. In Janu
Northern Trust Forecasts Moderate Global Equity Returns, Solid High Yield Bond Performance and Strength in Private Credit
CHICAGO & LONDON--(BUSINESS WIRE)--Northern Trust today issued its Capital Market Assumptions 2025 Edition, forecasting moderate global equity performance, improving high yield bond returns and strength in private credit. The CMA also identifies three key trends likely to affect markets and the global economy over the next decade – AI-Enabled Productivity, Navigating the Energy Transition and Globalization: Bent, Not Broken – that provide the foundation for returns of stocks, bonds, real assets
Phenom Acquires EDGE, Strengthening Its AI-Powered Resource Planning Solutions for the Global Capability Center Market
PHILADELPHIA--(BUSINESS WIRE)-- #HRTech--Phenom Acquires EDGE, Strengthening Its AI-Powered Resource Planning Solutions for the Global Capability Center Market
NCR Atleos’ Cashzone Network Expands into Italy, Enabling Convenient Access to Cash
ATLANTA--(BUSINESS WIRE)--NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that it has expanded its ATM network, under the Cashzone brand, into Italy, providing easy access to cash for both residents and tourists. Atleos is the world’s largest independent ATM operator. This marks the thirteenth country worldwide in which Atleos has an ATM network presence. Italy is a cash-depe
ACI Worldwide Extends Fintech Partnership Ecosystem to Fight APP Fraud in Europe and the UK
OMAHA, Neb. & LONDON--(BUSINESS WIRE)--ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, has announced the extension of its fintech partnership ecosystem through an alliance with Banfico, a leading fintech specializing in regulatory technology, global account verification and Open Banking solutions. ACI processes account-to-account payments for hundreds of PSPs in Europe and the UK with market-leading instant payments solutions. Through the partnership with Banfi
Walker & Dunlop Expands Internationally With Addition of London-Based Team
BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. (NYSE: WD) today announced its international expansion with the addition of a London-based brokerage and capital markets advisory team led by Claudio V.R. Sgobba. For 87 years, Walker & Dunlop has focused exclusively on the U.S. commercial real estate market and established itself as one of the largest and most recognized advisors in the industry. This strategic expansion capitalizes on the company’s scale, client demand for its expe
Beach Cities Commercial Bank Announces Fourth Quarter 2024 Financial Results
IRVINE, Calif.--(BUSINESS WIRE)--Beach Cities Commercial Bank, www.beachcitiescb.com (OTCQB: BCCB) (the "Bank"), today announced financial results for the quarter ended December 31, 2024. The Bank was incorporated under the laws of the State of California on April 11, 2022. The Bank opened for business on June 12, 2023, after receiving all necessary regulatory approvals, and it began providing a full range of banking services from its branch locations in Irvine and Encinitas, California. The Ba
Performant to Participate in the Upcoming BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Healthcare, Inc. (Nasdaq: PHLT) (“Performant”), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the BTIG at Snowbird: MedTech, Digital Health, Life Science & Diagnostic Tools Conference, on Wednesday, February 12th. Rohit Ramchandani, CFO, will participate in one-on-one investor meetings virtually on Wednesday, February 12th. If you are intereste
Rosen Law Firm Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation – RCAT
NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. (NASDAQ: RCAT) resulting from allegations that Red Cat may have issued materially misleading business information to the investing public. So What: If you purchased Red Cat securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangeme
ZIPS Car Wash Takes Strategic Action to Strengthen Financial Foundation and Advance Operational Transformation
PLANO, Texas--(BUSINESS WIRE)--Zips Car Wash, LLC (together with its affiliates, collectively “ZIPS” or the “Company”), one of the largest privately held car wash operators nationwide, announced that it has agreed to the terms of a restructuring plan (the “Plan”) with a group of its existing lenders that will strengthen its balance sheet and position the Company for stability and long-term growth. Through the Plan, ZIPS expects to reduce its debt obligations by approximately $279 million and se
Allstate Reports Fourth Quarter and Full Year 2024 Results
NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today reported financial results for the fourth quarter of 2024. The Allstate Corporation Consolidated Highlights Three months ended December 31, Twelve months ended December 31, ($ in millions, except per share data and ratios) 2024 2023 % / pts Change 2024 2023 % / pts Change Consolidated revenues $ 16,506 $ 14,832 11.3 % $ 64,106 $ 57,094 12.3 % Net income (loss) applicable to common shareholders 1,
Securities Fraud Investigation Into FMC Corporation (FMC) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of FMC Corporation (“FMC” or the “Company”) (NYSE: FMC) investors concerning the Company’s possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON FMC CORPORATION (FMC), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On February 4, 2025, af
Walker & Dunlop Expands Internationally With Addition of London-Based Team
BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. (NYSE: WD) today announced its international expansion with the addition of a London-based brokerage and capital markets advisory team led by Claudio V.R. Sgobba. For 87 years, Walker & Dunlop has focused exclusively on the U.S. commercial real estate market and established itself as one of the largest and most recognized advisors in the industry. This strategic expansion capitalizes on the company’s scale, client demand for its expe
Generational Capital Markets Advises Bakers' Signs & Manufacturing in its Sale to Osceola Capital
DALLAS--(BUSINESS WIRE)--Generational Capital Markets (GCM), a member of FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Bakers' Signs & Manufacturing to Osceola Capital. The acquisition closed December 27, 2024. Founded in 1985 and based in Conroe, Texas, Bakers' Signs & Manufacturing is a regional leader in custom indoor and outdoor sign manufacturing, installation, and service. The company serves