Abu Dhabi Investment Council

SHAREHOLDER ALERT: Weiss Law Reminds KBAL, DSEY, UNVR, and MPB Shareholders About Its Ongoing Investigations

Retrieved on: 
Monday, April 10, 2023
Kimball International, Univar Solutions, Bain Capital, HNI, Multimedia, Diversey Holdings, Acquisition, HNI Corporation, OTC, Law, Abu Dhabi Investment Council, Abu Dhabi Investment Authority, KBAL, NYSE, MPB, Solenis

Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kimball International, Inc. (NASDAQ: KBAL), in connection with the proposed acquisition of KBAL by HNI Corporation ("HNI").

Key Points: 
  • Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kimball International, Inc. (NASDAQ: KBAL), in connection with the proposed acquisition of KBAL by HNI Corporation ("HNI").
  • Under the terms of the merger agreement, DSEY shareholders (other than shareholders affiliated with Bain Capital Private Equity ("Bain Capital")) will receive $8.40 in cash for each share of DSEY common stock owned.
  • Under the merger agreement, UNVR shareholders will receive $36.15 in cash for each UNVR share, valuing UNVR at $8.1 billion.
  • The transaction includes a minority investment from the Abu Dhabi Investment Authority ("ADIA").

SHAREHOLDER ALERT: Weiss Law Reminds KBAL, DSEY, UNVR, and MPB Shareholders About Its Ongoing Investigations

Retrieved on: 
Tuesday, March 28, 2023
Kimball International, Univar Solutions, Bain Capital, HNI, Multimedia, Diversey Holdings, Acquisition, HNI Corporation, OTC, Law, Abu Dhabi Investment Council, Abu Dhabi Investment Authority, KBAL, NYSE, MPB, Solenis

Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kimball International, Inc. (NASDAQ: KBAL), in connection with the proposed acquisition of KBAL by HNI Corporation ("HNI").

Key Points: 
  • Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kimball International, Inc. (NASDAQ: KBAL), in connection with the proposed acquisition of KBAL by HNI Corporation ("HNI").
  • Under the terms of the merger agreement, DSEY shareholders (other than shareholders affiliated with Bain Capital Private Equity ("Bain Capital")) will receive $8.40 in cash for each share of DSEY common stock owned.
  • Under the merger agreement, UNVR shareholders will receive $36.15 in cash for each UNVR share, valuing UNVR at $8.1 billion.
  • The transaction includes a minority investment from the Abu Dhabi Investment Authority ("ADIA").

Cvent To Be Acquired By Blackstone in $4.6 Billion Transaction

Retrieved on: 
Tuesday, March 14, 2023
Technology, Marketing, Advertising, Communications, Professional Services, Small Business, Software, Digital Marketing, Data Management, Blackstone, Abu Dhabi Investment Council, Abu Dhabi Investment Authority, Education, CVT, United Nations Special Committee on Palestine, LLP, Senior, UBS, Kirkland & Ellis, Simpson Thacher & Bartlett, Committee, Qatalyst Partners, Vista Equity Partners, ADIA, Vista, Cryptocurrency, Financial services, Financial adviser, Cvent

Cvent Holding Corp. (“Cvent”) (Nasdaq: CVT), an industry-leading meetings, events and hospitality technology provider, today announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone (“Blackstone”) in a transaction valued at an enterprise value of approximately $4.6 billion.

Key Points: 
  • Cvent Holding Corp. (“Cvent”) (Nasdaq: CVT), an industry-leading meetings, events and hospitality technology provider, today announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone (“Blackstone”) in a transaction valued at an enterprise value of approximately $4.6 billion.
  • A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will be a significant minority investor alongside Blackstone as part of the transaction.
  • Blackstone has received a fully committed $1.0 billion credit facility as part of the financing of this transaction.
  • Qatalyst Partners is acting as financial advisor to Cvent, and Kirkland & Ellis LLP is acting as legal counsel to Cvent.

Univar Solutions to be Acquired by Apollo Funds for $8.1 Billion

Retrieved on: 
Tuesday, March 14, 2023
Paul, Weiss, Rifkind, Wharton & Garrison, Annual report, Univar Solutions, Apollo Global Management, Abu Dhabi Investment Authority, Credit Suisse, Proxy statement, NYSE, Wachtell, Lipton, Rosen & Katz, Proxy, HSBC, Guggenheim Partners, Deutsche Bank, Goldman Sachs, BMO Capital Markets, APOLLO, Wells Fargo, ANY, AS, BNP Paribas, Abu Dhabi Investment Council, ADIA, Communication, RBC Capital Markets, APO, Cryptocurrency, Management, Security (finance), Financial adviser

DOWNERS GROVE, Ill. and NEW YORK, March 14, 2023 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or the "Company") and Apollo (NYSE: APO) announced today that funds managed by affiliates of Apollo (the "Apollo Funds") have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion. The transaction includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA").

Key Points: 
  • "We are pleased to have reached this agreement with Apollo, which will provide immediate and certain cash value for Univar Solutions shareholders," said Chris Pappas, chairman of the Univar Solutions Board of Directors (the "Board").
  • We are confident this transaction is the right path forward and achieves our goal of maximizing value for Univar Solutions shareholders."
  • Univar Solutions will continue to operate under the Univar Solutions name and brand and maintain a global presence.
  • This communication relates to the proposed transaction between Univar Solutions Inc. ("Univar Solutions" or the "Company") and funds managed by affiliates of Apollo Global Management, Inc. ("Apollo").

Univar Solutions to be Acquired by Apollo Funds for $8.1 Billion

Retrieved on: 
Tuesday, March 14, 2023
Paul, Weiss, Rifkind, Wharton & Garrison, Annual report, Univar Solutions, Apollo Global Management, Abu Dhabi Investment Authority, Credit Suisse, Proxy statement, NYSE, Wachtell, Lipton, Rosen & Katz, Proxy, HSBC, Guggenheim Partners, Deutsche Bank, Goldman Sachs, BMO Capital Markets, APOLLO, Wells Fargo, ANY, AS, BNP Paribas, Abu Dhabi Investment Council, ADIA, Communication, RBC Capital Markets, APO, Cryptocurrency, Management, Security (finance), Financial adviser

DOWNERS GROVE, Ill. and NEW YORK, March 14, 2023 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or the "Company") and Apollo (NYSE: APO) announced today that funds managed by affiliates of Apollo (the "Apollo Funds") have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion. The transaction includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA").

Key Points: 
  • "We are pleased to have reached this agreement with Apollo, which will provide immediate and certain cash value for Univar Solutions shareholders," said Chris Pappas, chairman of the Univar Solutions Board of Directors (the "Board").
  • We are confident this transaction is the right path forward and achieves our goal of maximizing value for Univar Solutions shareholders."
  • Univar Solutions will continue to operate under the Univar Solutions name and brand and maintain a global presence.
  • This communication relates to the proposed transaction between Univar Solutions Inc. ("Univar Solutions" or the "Company") and funds managed by affiliates of Apollo Global Management, Inc. ("Apollo").

UAE Elevator and Escalator Market Size & Growth Forecasts, 2020-2022 & 2023-2029 - Government's Efforts to Expand Infrastructure Across the Nation to Increase Demand for New Installations - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 28, 2023
Other Construction & Property, Construction & Property, Other Manufacturing, Manufacturing, Mitsubishi Electric, Elevator, Ciel Tower, Distribution center, Maintenance, Emirates (airline), DWC, Artificial intelligence, COP28, Tourism, Tower, DLD, Mobile Signature Service, Transport, Organization, Travel, City, SME, USD, 2014 UN Climate Summit, Hitachi, Zayed bin Sultan Al Nahyan, Growth, Etihad Rail, Unit, Dubai Real Estate Regulatory Agency, Schindler, Qatar Airways, Abu Dhabi Investment Council, Etihad Airways, United Arab Emirates, Urbanization, Hyundai, TK, Mubadala Investment Company, RDC, GCC, Conference, ThyssenKrupp, Sport, Food delivery, Amusement park, Renewable energy, Arms industry, Drug, Emirates, Otis, Uptown

Five supertall skyscraper developments are underway in the region, which is expected to support the UAE elevator and escalator market.

Key Points: 
  • Five supertall skyscraper developments are underway in the region, which is expected to support the UAE elevator and escalator market.
  • increased from 5,165 in 2020 to 5,642 in 2021, increasing the demand for 2-15-person elevators in the UAE elevator and escalator market.
  • Government's efforts to expand infrastructure across the nation to increase demand for new installations.
  • The key players in the UAE elevator and escalator market are KONE, Otis, Mitsubishi Electric, Schindler, Hyundai Elevator, TK Elevator, and Hitachi.

Insilico Medicine Opens Largest AI-Powered Biotechnology Research Center in the Middle East

Retrieved on: 
Wednesday, February 1, 2023
IRENA, International Renewable Energy Agency, AI, Research, International Year of Sustainable Tourism for Development, Biotechnology, Ecosystem, Insilico Medicine, R, Longevity, Government, Abu Dhabi Investment Office, Abu Dhabi Investment Council, Ministry of Investment and International Cooperation, Artificial intelligence, Sustainability, Danto Engineering Development Center, Intelligence, Drug discovery, Clinical trial, Chemistry, Pharma, Ageing, Digital economy, Organization, HQ, Medical device, Management, Pharmaceutical industry, In silico

Abu Dhabi, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Insilico Medicine ("Insilico"), a clinical-stage artificial intelligence (AI)-driven drug discovery company, is announcing today the opening of the Insilico Medicine Generative Artificial Intelligence and Quantum Computing Research and Development Center in Abu Dhabi, the region’s largest AI-powered biotechnology research center.

Key Points: 
  • Abu Dhabi, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Insilico Medicine ("Insilico"), a clinical-stage artificial intelligence (AI)-driven drug discovery company, is announcing today the opening of the Insilico Medicine Generative Artificial Intelligence and Quantum Computing Research and Development Center in Abu Dhabi, the region’s largest AI-powered biotechnology research center.
  • Omar Al Olama, the Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Alex Zhavoronkov, Ph.D., Founder and CEO of Insilico, and Alex Aliper, Ph.D., President of Insilico.
  • “We’re excited about this milestone for Insilico Medicine — particularly given it is taking place during the Year of Sustainability.
  • Now, we would like to extend our global infrastructure to the Middle East,” said Alex Zhavoronkov, Ph.D., founder and CEO of Insilico Medicine.

Outrider raises $73 million Series C financing to accelerate the adoption of autonomous distribution yard operations

Retrieved on: 
Thursday, January 19, 2023
New Enterprise Associates, EV, Sumitomo Corporation, NEA, Abu Dhabi Investment Council, ADIA, Safety, Robotics, Maintenance, NVIDIA, University of California, San Diego, Logistics, Automation, Lineage Logistics, KDT, Ministry of Education (Malaysia), UC, Abu Dhabi Investment Authority, E-commerce, Rail freight transport, Fine chemical, Series, Outrider

GOLDEN, Colo., Jan. 19, 2023 /PRNewswire-PRWeb/ -- Outrider, the pioneer in autonomous yard operations for logistics hubs, today announced it closed $73 million in Series C financing led by FM Capital. New investors include a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and NVentures, NVIDIA's venture capital arm. Existing investors participating in the round include Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA). Outrider has raised $191 million in financing to date based on its technical leadership in autonomous systems for distribution yards.

Key Points: 
  • GOLDEN, Colo., Jan. 19, 2023 /PRNewswire-PRWeb/ -- Outrider , the pioneer in autonomous yard operations for logistics hubs, today announced it closed $73 million in Series C financing led by FM Capital .
  • Outrider has raised $191 million in financing to date based on its technical leadership in autonomous systems for distribution yards.
  • "Outrider has consistently delivered breakthrough technology to automate one of the most inefficient links in the supply chain – the distribution yard," said Andrew Smith, CEO and Founder of Outrider.
  • "Outrider has addressed all the pieces – technology, safety, operations, and support – needed to deploy a reliable, industrial-grade system at scale.

Coupa Software Enters into Definitive Agreement to Be Acquired by Thoma Bravo for $8 Billion

Retrieved on: 
Monday, December 12, 2022
Spend, BSM, Thoma Bravo, Person, Software, Abu Dhabi Investment Council, Sale, CFO, ADIA, Annual report, Abu Dhabi Investment Authority, Kirkland & Ellis, Risk, Multimedia, PARTIES, Partner, SAN, Qatalyst Partners, Organization, Security (finance), Video game, Bank, Financial adviser, Cryptocurrency, Coupa, Shareholder

SAN MATEO, Calif., Dec. 12, 2022 /PRNewswire/ -- Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm. This is an all-cash transaction with an enterprise value of $8.0 billion. Upon completion of the transaction, Coupa will become a privately held company.

Key Points: 
  • SAN MATEO, Calif., Dec. 12, 2022 /PRNewswire/ -- Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo , a leading software investment firm.
  • We're looking forward to partnering with Thoma Bravo and accelerating our vision to digitally transform the Office of the CFO," said Rob Bernshteyn, chairman and chief executive officer at Coupa.
  • In light of the announced transaction with Thoma Bravo, Coupa has cancelled its earnings conference call previously scheduled for 1:30 p.m. PT / 4:30 p.m.
  • Goldman Sachs & Co. LLC and Piper Sandler acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Thoma Bravo.

Emerson to Sell Majority Stake in Climate Technologies to Blackstone in Transaction Valuing the Business at $14.0 Billion

Retrieved on: 
Monday, October 31, 2022
Software, Technology, Electronic Design Automation, Goldman Sachs, Simpson Thacher & Bartlett, APM Automation Solutions, GIC, Multimedia, Time, Intellectual property, Annual report, InSinkErator, History, Abu Dhabi Investment Authority, Depreciation, Ownership, Wardwell, Conference call, Calendar, Evercore, Director, Solution, CEO, Sale, TLA, EMR, SEC, Blackstone, RBC Capital Markets, Industry, Safety, NYSE, Software, SMBC, Webcast, Goal, Abu Dhabi Investment Council, Conference, Company, IPO, HVAC, Guggenheim Partners, Growth, ADIA, Wells Fargo, Centerview Partners, Carbon, Central Time, Refrigeration, ABL, COVID-19, Emerson Electric, Automation, Barclays, LLC, Fine chemical, Bank, Renewable energy, Risk management, Climate

Emerson (NYSE: EMR) today announced a definitive agreement under which it will sell a majority stake in its Climate Technologies1 business to private equity funds managed by Blackstone (Blackstone) in a transaction valuing Climate Technologies at $14.0 billion.

Key Points: 
  • Emerson (NYSE: EMR) today announced a definitive agreement under which it will sell a majority stake in its Climate Technologies1 business to private equity funds managed by Blackstone (Blackstone) in a transaction valuing Climate Technologies at $14.0 billion.
  • We look forward to working closely with Blackstone to ensure a smooth transition for Climate Technologies employees and customers.
  • Climate Technologies had fiscal 2022 net sales of $5.0 billion, pre-tax earnings of $1.0 billion and EBITDA2, including standalone costs, of $1.1 billion.
  • The transaction values Climate Technologies at $14.0 billion, representing a multiple of 12.7x fiscal 2022 EBITDA2, including standalone costs.