CMD

Dr. Jonathan Lewin Performs the First Surgery in the State of New Jersey with PathKeeper Surgical Spinal Navigation System

Retrieved on: 
Friday, May 3, 2024

Dr. Lewin is currently a Diplomate of the American Board of Orthopedic Surgery and is the Director of Spine Surgery at the Institute for Robotic Surgery at Hudson Regional Hospital in Secaucus, New Jersey.

Key Points: 
  • Dr. Lewin is currently a Diplomate of the American Board of Orthopedic Surgery and is the Director of Spine Surgery at the Institute for Robotic Surgery at Hudson Regional Hospital in Secaucus, New Jersey.
  • Commenting on this achievement, Dr. Lewin expressed his enthusiasm for the potential impact of the Pathkeeper system on spinal surgery: "I am thrilled to have the opportunity to pioneer the use of Pathkeeper in New Jersey.
  • The PathKeeper System used by Dr. Jonathan Lewin represents next generation technology in the surgical landscape, positioning state at the art optics and machine learning to eliminate radiation and improve accuracy for spine surgical intervention.
  • Erez Lampert, CEO and founder of PathKeeper Surgical commented "We are happy to work with Dr. Lewin and excited for the continued adoption of PathKeeper.

Renewi plc: Pre-close trading update

Retrieved on: 
Friday, May 3, 2024

Renewi plc ("Renewi" or the "Group") (LSE: RWI.L: Euronext Amsterdam: RWI.AS), a leading European waste-to-product company, today provides an update on the Group’s performance for the year ended 31 March 2024 (“FY24”).

Key Points: 
  • Renewi plc ("Renewi" or the "Group") (LSE: RWI.L: Euronext Amsterdam: RWI.AS), a leading European waste-to-product company, today provides an update on the Group’s performance for the year ended 31 March 2024 (“FY24”).
  • Trading conditions for the Commercial Waste division remain mixed, with volumes stable in H2 versus H1.
  • Against this backdrop, Renewi intensified its sales approach to small-to-medium sized enterprises and targeted sectors, showing promising initial results.
  • On 30 May 2024, Renewi will announce its full-year results and publish its annual report for FY24.

CMD Global Partners Expands Corporate Advisory Practice in New York and Chicago

Retrieved on: 
Tuesday, April 9, 2024

CMD Global Partners (“CMD”), an independent investment banking advisory firm, announced today that Alexandre Chenesseau and Bill Fox have joined the firm as Managing Directors in its Corporate Advisory practice.

Key Points: 
  • CMD Global Partners (“CMD”), an independent investment banking advisory firm, announced today that Alexandre Chenesseau and Bill Fox have joined the firm as Managing Directors in its Corporate Advisory practice.
  • Alex is based in New York and expands CMD’s activities in the Technology, Interactive Media and Consumer sectors.
  • Bill is based in Chicago and expands CMD’s activities in the Packaging sector and Restructuring.
  • Alex joins CMD from Evercore, where he was a Managing Director in New York responsible for advising North American and European clients on cross-border transactions in Asia.

Sparta Capital Sends Letter to Board of Directors of Wood Group

Retrieved on: 
Tuesday, April 16, 2024

As you know, we have been a significant investor in Wood Group since early 2022, and like many of your shareholders we are frustrated by the continued underperformance of the shares.

Key Points: 
  • As you know, we have been a significant investor in Wood Group since early 2022, and like many of your shareholders we are frustrated by the continued underperformance of the shares.
  • We are now one year on from the lapsed bid process with Apollo and 17 months since you announced your strategy refresh.
  • It is clear that you have made considerable progress as a business since the beginning of 2022.
  • We believe Ken is a talented executive who has very quickly implemented the right strategy for Wood.

Target Hospitality Announces Partnership with Chard Métis Dene Group

Retrieved on: 
Friday, April 12, 2024

THE WOODLANDS, Texas, April 12, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced a new regional partnership with the Chard Métis Dene Group of Companies (CMD), an economic development entity for the Chard Métis Nation.

Key Points: 
  • THE WOODLANDS, Texas, April 12, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced a new regional partnership with the Chard Métis Dene Group of Companies (CMD), an economic development entity for the Chard Métis Nation.
  • Brad Archer, Target Hospitality's President and Chief Executive Officer, stated, "I am excited to embark on this venture with the Chard Métis Dene Group of Companies, and to realize the benefits it will provide to the Nation.
  • The partnership underscores Target Hospitality's commitment to invest in the local communities in which we operate."
  • Justin Herman, Chief Executive Officer of Chard Métis Dene Group of Companies, added, "CMD are enormously proud to add Target Hospitality to our world-class group of corporate and industrial partnerships.

Hardman & Co Research on NB Private Equity Partners (NBPE): Value creation in a higher-rate environment

Retrieved on: 
Wednesday, March 13, 2024

In this note, we explore how the sources of value creation have evolved and how NBPE’s GP partners are expected to organically and inorganically generate incremental EBITDA growth to offset higher interest costs.

Key Points: 
  • In this note, we explore how the sources of value creation have evolved and how NBPE’s GP partners are expected to organically and inorganically generate incremental EBITDA growth to offset higher interest costs.
  • Long-term target returns for new deals on the NB platform are unchanged, despite the short-term interest rate noise.
  • This note builds on the drivers of historical superior EBITDA (see 2023 CMD: value creation from growing companies ).
  • NB’s views on value creation were outlined in its piece, Navigating value creation in private equity .

EQS-News: Scout24 ends FY2023 with 14% revenue growth and 21% ooEBITDA growth resulting in 60% margin – expecting continued growth and operating leverage in 2024

Retrieved on: 
Wednesday, March 13, 2024

2 The ordinary operating EBITDA margin is defined as ordinary operating EBITDA as a percentage of revenue.

Key Points: 
  • 2 The ordinary operating EBITDA margin is defined as ordinary operating EBITDA as a percentage of revenue.
  • The Pay-per-ad business declined by 19.3% resulting from customer migrations to higher-value memberships and a slower growth in listing volume.
  • Growth was driven by continued high demand for our Plus products with revenue growth of 20.2% and continued strong customer gains of 18.1% to 377,686.
  • Ordinary operating EBITDA stood at EUR 79.4 million with 19.4% growth resulting in an ordinary operating EBITDA margin of 59.9%.

Hardman & Co Research on NB Private Equity Partners (NBPE): Value creation in a higher-rate environment

Retrieved on: 
Wednesday, March 13, 2024

In this note, we explore how the sources of value creation have evolved and how NBPE’s GP partners are expected to organically and inorganically generate incremental EBITDA growth to offset higher interest costs.

Key Points: 
  • In this note, we explore how the sources of value creation have evolved and how NBPE’s GP partners are expected to organically and inorganically generate incremental EBITDA growth to offset higher interest costs.
  • Long-term target returns for new deals on the NB platform are unchanged, despite the short-term interest rate noise.
  • This note builds on the drivers of historical superior EBITDA (see 2023 CMD: value creation from growing companies ).
  • NB’s views on value creation were outlined in its piece, Navigating value creation in private equity .

Commander Confirms Receipt of Unsolicited Takeover Bid by FruchtExpress

Retrieved on: 
Monday, March 4, 2024

Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Commander Resources Ltd. (TSXV: CMD) ("Commander") has received notice from FruchtExpress Grabher GmbH & Co KG ("FEx"), announcing its intention to commence an all-cash offer to acquire all issued and outstanding shares of Commander for $0.09 per share (the proposed offer).

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Commander Resources Ltd. (TSXV: CMD) ("Commander") has received notice from FruchtExpress Grabher GmbH & Co KG ("FEx"), announcing its intention to commence an all-cash offer to acquire all issued and outstanding shares of Commander for $0.09 per share (the proposed offer).
  • Commander shareholders are advised to take no action in respect of the proposed offer until Commander's board of directors have made a formal recommendation to shareholders.
  • Commander cautions its shareholders and potential investors that there can be no certainty that the offer will be supported by the board.
  • "It is the board's duty to evaluate all valid takeover bids," said Brandon Macdonald, Chairman of Commander.

Aegon reports second half year 2023 results

Retrieved on: 
Friday, March 1, 2024

Please click here to access all 2H 2023 results related documents.

Key Points: 
  • Please click here to access all 2H 2023 results related documents.
  • Free cash flow amounted to EUR 429 million for the second half of 2023, contributing to a total of EUR 715 million for the year, enabling us to exceed our guidance of EUR 600 million.
  • The IFRS operating result of EUR 681 million was lower than in the second half of 2022, reflecting one-time benefits in 2022 that did not recur in 2023, as well as the impact of announced management actions in 2023.
  • The contrasting trend in our IFRS results compared to our OCG results is caused by differences in the timing of recognition of earnings between the two frameworks.