WUBS

Rakuten and JUBF Host "World University Basketball Series 2023" in Tokyo This August, Bringing Together World-Class University Teams from Across the Globe

Retrieved on: 
Wednesday, May 10, 2023
Basketball, Entertainment, Education, Sports, Events, Concerts, University, NCAA, Perbanas Institute, NCAA Division I, Yoyogi National Gymnasium, Sport, Rakuten, Exhibition, Korea University, Tokai University, National Collegiate Athletic Association, Sun, College, Ateneo de Manila University, Multimedia, Radford University, Hakuoh University, Athlete, Sun Chlorella Classic, All Japan Intercollegiate Basketball Championship, Growth, National Chengchi University, United, WUBS, NCCU

Rakuten Group, Inc. and the All Japan University Basketball Federation (JUBF) today announced they will be holding Sun Chlorella’s World University Basketball Series 2023 (WUBS 2023), a champions league-style tournament for world-class university basketball teams.

Key Points: 
  • Rakuten Group, Inc. and the All Japan University Basketball Federation (JUBF) today announced they will be holding Sun Chlorella’s World University Basketball Series 2023 (WUBS 2023), a champions league-style tournament for world-class university basketball teams.
  • View the full release here: https://www.businesswire.com/news/home/20230510005469/en/
    Rakuten and JUBF host "World University Basketball Series 2023" in Tokyo this August, bringing together world-class university teams from across the globe.
  • (Graphic: Business Wire)
    WUBS 2023 is hosted by JUBF with operation support provided by Rakuten Sports, a Rakuten Group business focused on creating partnerships with professional athletes and other sports services.
  • Naoki Hayashi, president of JUBF and chairman of the World University Basketball Series Executive Committee, commented, “We are delighted to announce the second year of the World University Basketball Series, after last year’s successful inaugural event.

Convera Announces 2022 Record Revenue; Transition of the UK Business from Western Union; and Appointment of Kevin Johnson as Board Observer and Investor

Retrieved on: 
Wednesday, January 18, 2023
Networks, Finance, Banking, Professional Services, Technology, Electronic Commerce, Fintech, Business, Coffee, Juniper Networks, Fusion Global Business Solutions, Non-governmental organization, Marketing, Microsoft, WUBS, Acquisition, Multimedia, Small business, Bank, Management, Western Union, Starbucks, Convera Corporation

Convera, the largest non-bank fintech in global B2B payments, today announces a record year of revenue, the transition of the UK business from Western Union to Convera, and the appointment of Kevin R. Johnson as a Board Observer and investor.

Key Points: 
  • Convera, the largest non-bank fintech in global B2B payments, today announces a record year of revenue, the transition of the UK business from Western Union to Convera, and the appointment of Kevin R. Johnson as a Board Observer and investor.
  • 2022 was a record year for Convera with double digit growth and over $500MM in gross revenue.
  • As an investor in Convera and Board Observer, Mr. Johnson brings over four decades of experience scaling global businesses in technology and consumer industries.
  • Johnson recently retired from Starbucks after serving on the Starbucks board for 13 years and as President and CEO since 2017.

Corporate FX Strategies Will Be Tested to New Levels in 2023 - Convera Report

Retrieved on: 
Thursday, October 27, 2022
Professional Services, Data Management, Technology, Software, Finance, Fintech, Banking, Federal Reserve Bank of St. Louis, Intention, Federal Reserve, Growth, Report, Coal, Small business, Arm, Industry, FX, WUBS, Ageing, Organization, Population, Government, CEO, Electricity, Fed, USD, GBP, Pressure, Online shopping, Bank, Retail, Renewable energy, Convera Corporation, COVID-19

Corporate foreign exchange strategies will be tested to new levels in 2023, due to continued pressure from rising interest rates, geopolitical tensions, and a worsening energy crisis, according to the new Are You Ready for 2023?

Key Points: 
  • Corporate foreign exchange strategies will be tested to new levels in 2023, due to continued pressure from rising interest rates, geopolitical tensions, and a worsening energy crisis, according to the new Are You Ready for 2023?
  • With 83% of countries globally experiencing inflation above 6%, companies will need to pay special attention to their strategy for overseas payments in 2023.
  • This is underlined by the fact that to counter inflation, 90 central banks hiked interest rates 260 times in 2022.
  • These sudden, sharp central bank moves have generated higher-than-usual levels of volatility, especially in FX markets.

Rakuten and JUBF Launch “World University Basketball Series” in Tokyo This August

Retrieved on: 
Thursday, June 30, 2022
Sports, University, Online Retail, Education, Technology, Events, Concerts, Entertainment, Retail, Internet, Basketball, Other Entertainment, Athlete, Rakuten, Sun Chlorella Classic, Heart, Basketball, UPH, CEO, University, Student, LIMA, Ateneo de Manila University, Sun, Yoyogi National Gymnasium, Sport, Pelita Harapan University, Organization, National Chengchi University, UAAP, Culture, Tokai University, Binghamton University basketball scandal, NCCU, Group, Multimedia, Medicine, Sports equipment, WUBS

Rakuten Group, Inc. and the All Japan University Basketball Federation (JUBF) today announced the launch of Sun Chlorellas World University Basketball Series (WUBS), an annual champions league-style tournament for university basketball teams.

Key Points: 
  • Rakuten Group, Inc. and the All Japan University Basketball Federation (JUBF) today announced the launch of Sun Chlorellas World University Basketball Series (WUBS), an annual champions league-style tournament for university basketball teams.
  • View the full release here: https://www.businesswire.com/news/home/20220629005461/en/
    Rakuten and JUBF Launch World University Basketball Series in Tokyo This August (Graphic: Business Wire)
    Hosted by JUBF and supported by Rakuten Sports, a Rakuten Group service focused on creating partnerships built on shared values with professional sports teams, athletes, brands and rights-holders around the world, WUBS is envisioned to empower local talent and the basketball community.
  • Naoki Hayashi, JUBF Chairman and President of the World University Basketball Series Organizing Committee, commented, We are delighted to announce the new World University Basketball Series.
  • Chen Tzu-wei, National Chengchi University Head Coach, commented, We are grateful for the opportunity to participate in the memorable first World University Basketball Series.

GPS Capital Markets Hires FX Leader in Australia Office

Retrieved on: 
Sunday, May 1, 2022
WUBS, Capital market, LLC, SALT, GLOBE, Leadership, Growth, FX, United Kingdom, Treasury, Longevity, Foreign exchange market, GPS, Culture, Financial services

SALT LAKE CITY, May 01, 2022 (GLOBE NEWSWIRE) -- GPS Capital Markets, LLC, a leading corporate foreign exchange brokerage firm, expanded their leadership in Melbourne, Australia this month.

Key Points: 
  • SALT LAKE CITY, May 01, 2022 (GLOBE NEWSWIRE) -- GPS Capital Markets, LLC, a leading corporate foreign exchange brokerage firm, expanded their leadership in Melbourne, Australia this month.
  • Mr. Tuck has been hired as an FX Consultant leader to expand the GPS presence in the APAC region.
  • Prior to joining GPS Capital Markets, Mr. Tuck oversaw multiple FX desks and dealers, as well as most FX aspects at WUBS.
  • "We are thoroughly excited to add such a well-respected industry veteran to the GPS Australia team, said Leigh Taylforth, GPS APAC Regional Director.

Goldfinch Partners and Baupost Announce Initial Closing of Acquisition of Western Union Business Solutions

Retrieved on: 
Tuesday, March 1, 2022
Technology, Mobile, Wireless, Finance, Security, Banking, Other Technology, Professional Services, Software, Other Professional Services, People, San Francisco Bay Area, United Kingdom, Baupost Group, Investment, Visa, Software, WUBS, Computer science, International Bank, BCG, PayPal, Vulcan Inc., LLC, Convera Corporation, Growth, Amazon Pay, Foundation, Starbucks, Partner, E-commerce, Telecom, CNBC, Science and technology in Asia, Acquisition, Amazon, Non-governmental organization, Commerce, Technology, Union, Sales, Bank, Retail, Management, Financial services, Western Union, Patrick Gauthier, Goldfinch Partners, The Baupost Group, LLC, PATRICK GAUTHIER, GOLDFINCH PARTNERS, THE BAUPOST GROUP, LLC

Goldfinch Partners LLC and The Baupost Group, LLC announced they reached a major milestone today with its initial closing in the acquisition of Western Union Business Solutions (WUBS) for $910 million.

Key Points: 
  • Goldfinch Partners LLC and The Baupost Group, LLC announced they reached a major milestone today with its initial closing in the acquisition of Western Union Business Solutions (WUBS) for $910 million.
  • Convera combines the agility of a fintech with the scale, sophistication, and breadth of capabilities of a global financial institution.
  • The business has an exceptional global reach with capabilities in 140+ currencies across 200+ countries and territories, and 60+ global banking partners.
  • We are excited to reach this important milestone in Converas next chapter, said Bill McNichols, managing partner and co-founder of Goldfinch Partners.

Goldfinch Partners Names Seasoned Business Executive William Abbott as Principal

Retrieved on: 
Thursday, November 18, 2021
Software, Technology, Professional Services, Finance, Sale, Principal, Consultant, Technology, Fusion Global Business Solutions, Acquisition, BA, Foodservice, Amherst College, NYSE, New, MBA, Baupost Group, General counsel, Columbia Business School, Solution, Commerce, Software, Starbucks, Investment, Entrepreneurship, CPG, WUBS, Science and technology in Asia, Marketing, J. P. Morgan, San Francisco Bay Area, Catalant, Convera Corporation, Corporate development, Partner, Investment banking, B2B, Financial services, Management, Bank, Cryptocurrency

Goldfinch Partners, a private equity firm with approximately $1 billion of equity invested in digital transformation transactions across industry verticals, today announced that William Abbott is joining the firm as Principal.

Key Points: 
  • Goldfinch Partners, a private equity firm with approximately $1 billion of equity invested in digital transformation transactions across industry verticals, today announced that William Abbott is joining the firm as Principal.
  • Prior to joining Starbucks, Mr. Abbott spent nearly four years as a Vice President in the Investment Banking division of J.P. Morgan, in New York.
  • He holds a BA from Amherst College and an MBA from Columbia Business School.
  • Goldfinch invests in sectors and spaces about which it has deep knowledge, including marketing, commerce, payments, fintech, supply chain and human capital.

Goldfinch Partners Names Veteran M&A Lawyer Matthew F. Herman as Partner and General Counsel

Retrieved on: 
Thursday, October 28, 2021
Professional Services, Other Professional Services, Technology, Software, Finance, Consulting, Banking, Commerce, Judgement, Law review, WUBS, Technology, Entrepreneurship, Baupost Group, Convera Corporation, Albany Law School, B2B, San Francisco Bay Area, General counsel, Trustee, Catalant, NYSE, Investment, CPG, Consultant, Leadership, Board of directors, New, Software, Marketing, Company, Board, Harvard Law Review, Partner, Solution, Acquisition, Science and technology in Asia, Foodservice, Sale, Fusion Global Business Solutions, Financial services, Bank

Goldfinch Partners, a private equity firm with approximately $1 billion of equity invested in digital transformation transactions across industry verticals, today announced that Matthew F. Herman will join as a Partner of the Firm and General Counsel in November 2021.

Key Points: 
  • Goldfinch Partners, a private equity firm with approximately $1 billion of equity invested in digital transformation transactions across industry verticals, today announced that Matthew F. Herman will join as a Partner of the Firm and General Counsel in November 2021.
  • Most recently, Mr. Herman was Freshfields US Managing Partner and Co-Head of Global M&A.
  • Matt is a superlative lawyer who brings to Goldfinch substantial relevant legal and business experience.
  • Our team will be enhanced by his counsel, judgment and leadership, said Sean Collins, Co-Managing Partner and Co-Founder of Goldfinch.

Western Union Business Solutions to be Renamed Convera at Acquisition Closing

Retrieved on: 
Thursday, August 12, 2021
Professional Services, Data Management, Other Professional Services, Technology, Other Technology, Software, Finance, Western Union, CNBC, Convera Corporation, BCG, Foundation, Baupost Group, CEO, Computer science, Starbucks, WUBS, E-commerce, Head, B2B, PayPal, Telecom, LLC, International Bank, Vulcan Inc., Visa, Acquisition, Investment, Growth, Leadership, European Union, Technology, Union, Amazon Pay, Non-governmental organization, Industry, Commerce, Bank, Management, Goldfinch Partners, The Baupost Group, LLC, GOLDFINCH PARTNERS, THE BAUPOST GROUP, LLC

Upon closing of the recently announced acquisition of Western Union Business Solutions (WUBS) by Goldfinch Partners, LLC and The Baupost Group, LLC for $910 million, the business will be renamed Convera.

Key Points: 
  • Upon closing of the recently announced acquisition of Western Union Business Solutions (WUBS) by Goldfinch Partners, LLC and The Baupost Group, LLC for $910 million, the business will be renamed Convera.
  • Closing of the acquisition is subject to requisite works council and trade union consultations, regulatory approvals, and other customary closing conditions.
  • In the first closing, expected to be completed in early 2022, the WUBS business, excluding the business that is operated through Western Union International Bank in the European Union and United Kingdom, will transfer to Convera.
  • In the second closing, expected to complete by mid-to-late 2022, the remaining business operated through Western Union International Bank in the European Union and United Kingdom will transfer.