Equity (finance)

Pacific Valley Bancorp Announces Third Quarter 2023 Financial Results

Retrieved on: 
Monday, October 23, 2023
Sale, AFS, OTC Markets Group, Federal funds, Bank, Federal Home Loan Banks, Pressure, CRE, PPP, Growth, CECL, Credit, CFO, Equity (finance), Rare-earth element, Cryptocurrency, Security (finance)

SALINAS, Calif., Oct. 23, 2023 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited financial results for the third quarter 2023.

Key Points: 
  • SALINAS, Calif., Oct. 23, 2023 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited financial results for the third quarter 2023.
  • Net income for the quarter ended September 30, 2023, was $1.3 million representing an increase of 2.2% or $27 thousand from the quarter ended September 30, 2022.
  • Net income for the quarter ended September 30, 2023, was $1.3 million representing an increase of 9.3% or $107 thousand from the quarter ended June 30, 2023.
  • For the Company's subsidiary, Pacific Valley Bank, equity increased to $65.8 million at September 30, 2023 compared to $64.6 million at June 30, 2023.

J.P. Morgan launches Private Markets Fund expanding investor access to private equity investment opportunities

Retrieved on: 
Tuesday, October 10, 2023
JPMorgan Chase, Equity (finance), Investment, PEG, Real assets, Real estate, Growth, Security (finance), Alternatives

NEW YORK, Oct. 10, 2023 /PRNewswire/ -- The Private Equity Group ("PEG") of J.P. Morgan Asset Management today announced the launch of JPMorgan Private Markets Fund ("JPMF"), a 1940 Act-registered, evergreen private equity fund. JPMF is designed to provide access to private equity investments for qualified and accredited individual and institutional clients1. JPMF's features include a low $25,000 investment minimum2, no capital calls, simplified tax reporting and potential for quarterly liquidity3. JPMF is currently available on select private bank and custodial platforms and will expand availability in 2024. 

Key Points: 
  • NEW YORK, Oct. 10, 2023 /PRNewswire/ -- The Private Equity Group ("PEG") of J.P. Morgan Asset Management today announced the launch of JPMorgan Private Markets Fund (" JPMF "), a 1940 Act-registered, evergreen private equity fund.
  • JPMF is designed to provide access to private equity investments for qualified and accredited individual and institutional clients1.
  • "Private equity has traditionally been difficult for individuals to access, so we're thrilled to deliver our institutional-grade private equity investment expertise to this investor base through JPMF."
  • "We are witnessing increased demand from all investor types to look beyond public markets for access to compelling private company investment opportunities, and the launch of JPMF is an important step in expanding access to the potential long-term return and volatility benefits of private equity," said Ashmi Mehrotra, Co-Head of PEG at J.P. Morgan Asset Management.

Clip Money Inc. Closes Strategic Investment led by Cardtronics, Inc. (a wholly owned subsidiary of NCR Corporation)

Retrieved on: 
Friday, September 22, 2023
Partnership, Security (finance), Debt, NCR Corporation, Note, TSX Venture Exchange, Legislation, CDN, Indian stock exchange, Chicago Telephone Company Kedzie Exchange, API, Disclosure, Fund for Protection of Investors' Rights in Foreign States, Equity (finance), Related, Equity, NCR, Convertible, Standstill, Acquisition, Finance Secretary (India), Clip, Issuer, Growth, NYSE, Bank, Cardtronics

Cardtronics, Inc. (“Cardtronics”), a wholly-owned subsidiary of NCR Corporation (NYSE:NCR), subscribed for the entire Equity Financing and US$5,100,000 of the Convertible Note Financing, for a combined US$10,000,000 investment in the Company.

Key Points: 
  • Cardtronics, Inc. (“Cardtronics”), a wholly-owned subsidiary of NCR Corporation (NYSE:NCR), subscribed for the entire Equity Financing and US$5,100,000 of the Convertible Note Financing, for a combined US$10,000,000 investment in the Company.
  • “This partnership with NCR seamlessly complements Clip Money's existing deposit network, which is primarily situated within shopping malls and prominent big box retailers.
  • No accrued interest shall be paid on any part of the Convertible Notes that is converted into Common Shares.
  • The Clip Money board of directors has determined that the Secondary Investor Transaction is in the best interests of the Company.

Clip Money Inc. Announces Debt and Equity Financings totalling US$11,000,000 with a lead Strategic Investor

Retrieved on: 
Tuesday, September 12, 2023
Security (finance), Note, Partnership, Indian stock exchange, TSX Venture Exchange, CDN, Equity (finance), Equity, Finance Secretary (India), Clip, Convertible, Legislation

Separately, Clip is also pleased to announce a non-brokered private placement of secured convertible notes of the Company for gross proceeds of US$6,100,000 (the “Convertible Notes Financing”, together with the Equity Financing, the “Financings”).

Key Points: 
  • Separately, Clip is also pleased to announce a non-brokered private placement of secured convertible notes of the Company for gross proceeds of US$6,100,000 (the “Convertible Notes Financing”, together with the Equity Financing, the “Financings”).
  • The lead subscriber under the Financings is a strategic investor (the “Investor”) who will be investing an aggregate amount of US$10,000,000 across the Financings.
  • In connection with the Financings, an affiliate of the Investor will also be entering into a commercial partnership with the Company.
  • Both the Equity Financing and the Convertible Notes Financing are expected to close before the end of the month.

Virgin Voyages Announces $550 Million in Funding Led by Ares Management to Further Accelerate Growth

Retrieved on: 
Friday, September 8, 2023
Virgin Voyages, LLP, MacAlpine, Crew, Kirkland & Ellis, Bain Capital, G.I. Joe, Virgin Group, CXO, Equity (finance), Goldman Sachs, Ship, Growth, Travel, Virginity, Management, Security (finance)

MIAMI, Sept. 8, 2023 /PRNewswire/ -- Virgin Voyages (the "Company"), the multi, award-winning cruise brand from Richard Branson's Virgin Group, today announced it has closed on a $550 million capital raise to accelerate its growth plans. The funding round was led by funds managed by the Private Equity Group of Ares Management ("Ares"), a leading global alternative investment manager, and also includes additional capital from existing investors including Virgin Group and Bain Capital. The new funding raise will enable Virgin Voyages to strengthen its financial position while supporting the brand's rapid expansion into international markets, with a relentless focus on creating an outstanding and innovative customer experience.

Key Points: 
  • MIAMI, Sept. 8, 2023 /PRNewswire/ -- Virgin Voyages (the "Company"), the multi, award-winning cruise brand from Richard Branson's Virgin Group, today announced it has closed on a $550 million capital raise to accelerate its growth plans.
  • The funding round was led by funds managed by the Private Equity Group of Ares Management ("Ares"), a leading global alternative investment manager, and also includes additional capital from existing investors including Virgin Group and Bain Capital.
  • Virgin Voyages announced it has closed on a $550 million capital raise to accelerate its growth plans.
  • Goldman Sachs & Co. LLC served as exclusive financial advisor and sole placement agent to Virgin Voyages.

NFI Completing Comprehensive Refinancing Plan

Retrieved on: 
Friday, August 25, 2023
BMO Capital Markets, John J. Moran Medium Security Facility, Private, Toronto Stock Exchange, Share (finance), Element, Equity (finance), Private placement, OTC, TSX, Private placement agent, Mortgage law, News, EDC, NFI, Commercial property, Security (finance), Financial services, Management, Colosseum

WINNIPEG, Manitoba, Aug. 25, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, NFI.R) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, announced that it is in the process of completing all elements of its previously announced comprehensive refinancing plan (the “Refinancing Plan”) to raise total gross proceeds of approximately $444 million, with completion of closing expected later today.

Key Points: 
  • Gross Proceeds of $444 Million Positions NFI to Capitalize on Operational Recovery, Record Backlog and Market Demand
    All amounts shown in this press release are in U.S. dollars unless otherwise indicated
    WINNIPEG, Manitoba, Aug. 25, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB, NFI.R) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, announced that it is in the process of completing all elements of its previously announced comprehensive refinancing plan (the “Refinancing Plan”) to raise total gross proceeds of approximately $444 million, with completion of closing expected later today.
  • “The completion of this Refinancing Plan positions NFI to capitalize on our record $6.7 billion backlog and current unprecedented market demand, while remaining laser focused on operational execution,” said Paul Soubry, President and CEO of NFI.
  • NFI intends to issue a further news release later today to confirm completion of funding and closing of the Refinancing Plan.
  • “The Board, following detailed reviews and consultation with our financial and legal advisors, feels that the Refinancing Plan offers the best solutions for NFI and demonstrates the strong support of its shareholders.

Capital Square Fully Subscribes DST Offering of Multifamily Community Near Atlanta

Retrieved on: 
Thursday, August 17, 2023
Housing, Internal Revenue Code section 1031, University, Kennesaw State University, Microsoft, Capital Square, Equity (finance), Internal Revenue Code, Community, DST, Investment, Capital, Growth, Regulation, Self storage, Commercial property, Atlanta

ATLANTA, Aug. 17, 2023 /PRNewswire/ -- Capital Square , one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of housing communities, announced today that its offering, CS1031 Brighton Woodstock BFR Housing, DST, has been fully subscribed.

Key Points: 
  • ATLANTA, Aug. 17, 2023 /PRNewswire/ -- Capital Square , one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of housing communities, announced today that its offering, CS1031 Brighton Woodstock BFR Housing, DST, has been fully subscribed.
  • The Regulation D private placement, which raised nearly $22.5 million from accredited investors, is comprised of a build-for-rent, 100-unit townhome community in the Atlanta suburb of Acworth, Georgia.
  • "This is another successful offering of DST interests for investors seeking replacement property in a Section 1031 tax-deferred exchange," said Louis Rogers, founder and co-chief executive officer of Capital Square.
  • "Capital Square has sponsored 124 DST offerings over the past 11 years.

Quantum Capital Group Appoints William H. Riddle Jr. Partner and Head of Client Solutions

Retrieved on: 
Monday, August 7, 2023
Merrill (company), Lazard, Partner, Equity (finance), Cryptocurrency, Financial services, Quantum

HOUSTON, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Quantum Capital Group (“Quantum”), a leading provider of capital to the global energy and energy transition industry, today announced that William H. Riddle Jr. has joined the firm as Partner and Head of Client Solutions.

Key Points: 
  • HOUSTON, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Quantum Capital Group (“Quantum”), a leading provider of capital to the global energy and energy transition industry, today announced that William H. Riddle Jr. has joined the firm as Partner and Head of Client Solutions.
  • In this role, he will lead the firm’s capital formation and fundraising efforts across strategies, and work closely with the Quantum leadership team to identify and implement its long-term investor engagement and capital raising strategy.
  • Over the course of his career, he has been involved in more than 500 fundraising projects aggregating over $250 billion in capital.
  • “I look forward to working with the entire Quantum team to build on – and grow – our long-term investor partnerships and capital formation efforts across the firm.”

Capital Square Launches LLC Offering to Fund Development of Single-Family Build-For-Rent (BFR) Community Near Phoenix

Retrieved on: 
Tuesday, August 1, 2023
Sprouts, Diamond, Sprouts Farmers Market, Village, TJ Maxx, Tohono Oʼodham Nation, Housing, Prasada, Marshalls, Arizona State Route 303, Phoenix metropolitan area, Sky Harbor Airport, Capital Square, Equity (finance), Luke Air Force Base, TSMC, PetSmart, Growth, BFR, Commercial property, Self storage, Phoenix

PHOENIX, Aug. 1, 2023 /PRNewswire/ -- Capital Square , one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of housing communities, announced today the launch of Capital Square Glendale BFR, LLC.

Key Points: 
  • PHOENIX, Aug. 1, 2023 /PRNewswire/ -- Capital Square , one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of housing communities, announced today the launch of Capital Square Glendale BFR, LLC.
  • The LLC offering has been formed to raise approximately $49 million in equity from accredited investors to develop a 320-unit, build-for-rent single-family housing community in the Phoenix suburb of Glendale, Arizona.
  • Capital Square has partnered with Sunstone Two Tree as co-developer of the project.
  • "Capital Square Glendale BFR is the next in a line of LLC offerings for investors seeking superior risk-adjusted returns from a real estate investment," said Louis Rogers, founder and co-chief executive officer of Capital Square.

Perseverance Metals Enters into Option Agreement with Altius Minerals and Bitterroot Resources to Acquire the Voyageur Nickel Project in Michigan, USA

Retrieved on: 
Tuesday, August 1, 2023
PGM, South Tyrol Option Agreement, Option, Eagle, Acquisition, Lundin Mining, Equity (finance), Perseverance (rover), Palladium, Security (finance), Mining, Voyageurs, Midcontinent Rift System, Perseverance, Bitterroot, ALTIUS

The Option Agreement gives Perseverance the exclusive option until December 31, 2025 to earn a 100% interest in the Voyageur Project from Altius Resources Michigan Inc, a wholly owned subsidiary of Altius Minerals Corp., and from Trans Superior Resources Inc. and Voyageur Lands Corp, each a wholly owned subsidiary of Bitterroot Resources Inc. by:

Key Points: 
  • The Option Agreement gives Perseverance the exclusive option until December 31, 2025 to earn a 100% interest in the Voyageur Project from Altius Resources Michigan Inc, a wholly owned subsidiary of Altius Minerals Corp., and from Trans Superior Resources Inc. and Voyageur Lands Corp, each a wholly owned subsidiary of Bitterroot Resources Inc. by:
    Initial Equity: Issuing to Altius and Bitterroot a total of 20% ownership in the equity of Perseverance, to be distributed based on their pro-rata ownership of the Voyageur Project.
  • Exploration Commitment: Incurring C$2,000,000 in exploration expenditures on the Voyageur Project before December 31, 2025, including C$250,000 within the first 12 months.
  • They are a highly motivated and experienced group, with the technical and financial expertise to rapidly advance the Voyageur Project."
  • I fully endorse Perseverance's strategy of exploring for high-grade magmatic sulphide ore deposits in leading North American mining jurisdictions."