Financial Capital – Premudraja http://premudraja.net/ Sun, 29 Aug 2021 02:01:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://premudraja.net/wp-content/uploads/2021/06/icon-4-150x150.png Financial Capital – Premudraja http://premudraja.net/ 32 32 We love these underlying return on capital trends at CITIC Resources Holdings (HKG: 1205) https://premudraja.net/we-love-these-underlying-return-on-capital-trends-at-citic-resources-holdings-hkg-1205/ Sun, 29 Aug 2021 00:30:50 +0000 https://premudraja.net/we-love-these-underlying-return-on-capital-trends-at-citic-resources-holdings-hkg-1205/ Did you know that certain financial measures can provide clues about a potential multi-bagger? Generally, we will want to notice a growing trend to recover on capital employed (ROCE) and at the same time, a based capital employed. Put simply, these types of businesses are dialing machines, which means they continually reinvest their profits at […]]]>

Did you know that certain financial measures can provide clues about a potential multi-bagger? Generally, we will want to notice a growing trend to recover on capital employed (ROCE) and at the same time, a based capital employed. Put simply, these types of businesses are dialing machines, which means they continually reinvest their profits at ever higher rates of return. So on that note, CITIC Resources Holdings (HKG: 1205) looks pretty promising when it comes to its return on capital trends.

Understanding Return on Capital Employed (ROCE)

For those who don’t know, ROCE is a measure of a company’s annual pre-tax profit (its return), relative to the capital employed in the company. Analysts use this formula to calculate it for CITIC Resources Holdings:

Return on capital employed = Profit before interest and taxes (EBIT) ÷ (Total assets – Current liabilities)

0.022 = HK $ 232 million ÷ (HK $ 12 billion – HK $ 1.4 billion) (Based on the last twelve months up to June 2021).

Thereby, CITIC Resources Holdings has a ROCE of 2.2%. In absolute terms, this is a low return and it is also below the industry average for commercial distributors of 3.7%.

View our latest analysis for CITIC Resources Holdings

SEHK: 1205 Return on capital employed August 29, 2021

Although the past is not representative of the future, it can be useful to know the historical performance of a company, which is why we have this graph above. If you want to look at CITIC Resources Holdings’ performance in the past in other metrics, you can check out this free graph of past income, income and cash flow.

What the ROCE trend can tell us

We are delighted to see that CITIC Resources Holdings is reaping the benefits of its investments and has now returned to profitability. While the company was not profitable in the past, it has now turned the tables and gained 2.2% on its capital. On top of that, what’s interesting is that the amount of capital used has remained stable, so the company didn’t need to put in extra money to generate those higher returns. That being said, while an increase in efficiency is undoubtedly appealing, it would be helpful to know if the company has any investment plans for the future. After all, a business can only become a multi-bagger in the long run if it continually reinvests itself at high rates of return.

Another thing to note, CITIC Resources Holdings reduced current liabilities to 12% of total assets during this period, effectively reducing the amount of financing from suppliers or short-term creditors. So this improvement in ROCE came from the underlying economics of the business, which is great to see.

What we can learn from CITIC Resources Holdings’ ROCE

To sum up, CITIC Resources Holdings collects higher returns for the same amount of capital, and that’s impressive. Savvy investors may have an opportunity here because the stock has fallen 46% in the past five years. However, research into current valuation metrics and the company’s future prospects seems appropriate.

CITIC Resources Holdings does involve certain risks, however, we have observed 3 warning signs in our investment analysis, and 1 of them cannot be ignored …

While CITIC Resources Holdings does not currently generate the highest returns, we have compiled a list of companies that currently generate over 25% return on equity. Check it out free list here.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
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Treasure raises funds from Peter Thiel and Jump Capital to help businesses monetize their dormant money https://premudraja.net/treasure-raises-funds-from-peter-thiel-and-jump-capital-to-help-businesses-monetize-their-dormant-money/ Wed, 25 Aug 2021 15:56:00 +0000 https://premudraja.net/treasure-raises-funds-from-peter-thiel-and-jump-capital-to-help-businesses-monetize-their-dormant-money/ San Francisco, Calif .– (Newsfile Corp. – August 25, 2021) – Treasure, a fast growing B2B Fintech company providing cash management solutions, has completed its Seed + cycle led by Peter Thiel and Jump Capital. Ben Vershuere (left) and Sam Strasser (right) from TreasureTo view an improved version of this graphic, please visit: https://orders.newsfilecorp.com/files/8264/94360_d7748f811428fa3c_001full.jpg. The […]]]>

San Francisco, Calif .– (Newsfile Corp. – August 25, 2021) – Treasure, a fast growing B2B Fintech company providing cash management solutions, has completed its Seed + cycle led by Peter Thiel and Jump Capital.

Ben Vershuere (left) and Sam Strasser (right) from Treasure

To view an improved version of this graphic, please visit: https://orders.newsfilecorp.com/files/8264/94360_d7748f811428fa3c_001full.jpg.

The past year has had a disproportionate impact on small and medium-sized businesses and has shown how necessary it is to improve their financial health. “When we talk to CFOs, they all share the same frustration with lack of access to personalized solutions and opportunities to improve their business results. And that’s what Treasure provides, ”says Sam Strasser, CEO of Treasure.

“It’s an exciting time for Treasure. We are the only fully automated platform that transparently identifies and reinvests unused corporate cash into higher yielding funds, ”adds Strasser. “We enable every business to monitor their cash flow in real time and profit from their finances, which makes our mission and value proposition unique. “

The new funding comes less than a year after Treasure closed its funding round, which included Katalyst, Mithril, the Taizo Son family office and several famous individual investors from Silicon Valley and Wall Street.

Treasure has doubled its membership in the past six months, led by an impressive duo. Sam Strasser, Founder / CEO, is a serial entrepreneur with 15 years of experience building B2B and SaaS businesses. Ben Verschuere, Co-Founder / CIO, is a seasoned investment manager who previously oversaw capital allocation at renowned financial institutions. Echoing this, Strasser says, “What we’ve built at Treasure is really special. Thanks to our technology, we give every CFO access to the same types of tools that large companies deploy on a daily basis with their treasury department. It is about building the future. of finance and to provide superpower to the CFOs of companies. “

With this increase, the company is looking to further expand its growing team. “We are delighted and honored to welcome Peter and Jump Capital to this tour. Their track record speaks for itself. It’s a great seal of approval for Treasure,” said Ben Verschuere.

After successfully launching its platform earlier this year, Treasure unveiled the Treasure Reserve Account – a higher yielding account designed for the cash management needs of businesses, with a yield currently between 0.75% and 2.75% (net of fees).

Treasure has big plans for the next few quarters following the rapid growth it is experiencing in its customer base.

About the treasure:
Treasure is a fintech software company located in San Francisco, California. He has created a comprehensive suite of financial products and tools designed for SME CFOs to accurately track their cash flow in real time and monetize their cash flow in the short term with Liquid Sense (Treasure private transaction AI).

Recently launched, the Treasure Reserve account is the first of its kind – a higher yielding account designed for the exact needs of SMEs, currently with a return of between 0.75% and 2.75% (net of fees).

Treasure turns cash flow into revenue opportunities, turning financial services from cost centers into profit generators.

Visit www.treasurefi.com for more information. For any media inquiries contact l.stewart@treasure.tech

THE SOURCE: Financial treasury

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94360.

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Top 10 Split Trust announces its half-year results https://premudraja.net/top-10-split-trust-announces-its-half-year-results/ Mon, 23 Aug 2021 20:01:00 +0000 https://premudraja.net/top-10-split-trust-announces-its-half-year-results/ TORONTO, Aug.23, 2021 (GLOBE NEWSWIRE) – (TSX: TXT.UN; TXT.PR.A) Top 10 Split Trust (the “Fund”) reports its operating results for the six-month period ended June 30, 2021. The increase in net assets attributable to equity holders was 2.34 million. dollars or $ 2.77 per share of capital. Net assets attributable to holders of capital units […]]]>

TORONTO, Aug.23, 2021 (GLOBE NEWSWIRE) – (TSX: TXT.UN; TXT.PR.A) Top 10 Split Trust (the “Fund”) reports its operating results for the six-month period ended June 30, 2021. The increase in net assets attributable to equity holders was 2.34 million. dollars or $ 2.77 per share of capital. Net assets attributable to holders of capital units as at June 30, 2021 amounted to $ 2.32 million or $ 3.83 per capital unit. Cash distributions of $ 0.39 per Preferred Security and $ 0.13 per Capital Unit were paid to Securityholders during the Period.

The Fund’s investment objectives for capital shares are (i) to offer holders of capital shares, at the time of redemption, the benefit of any capital appreciation in the price of securities in the financial portfolio and (ii) to pay quarterly distributions to unitholders of a target amount of 7.5% per annum of the net asset value of the Fund. The Fund’s investment objectives for Preferred Securities are (i) to pay holders of Preferred Securities quarterly fixed cash interest payments of 6.25% per annum on the principal amount of $ 12.50 of a Preferred Security. and (ii) to repay the principal of $ 12.50 per preferred Guarantee security upon termination of the Fund.

The Fund invests exclusively in equities of the six largest Canadian banks and the four largest Canadian life insurance companies, generally investing at least 5% and not more than 15% of the assets of the Fund in each company.

The Fund employs a proprietary investment strategy, Strathbridge Selective Overwriting (“SSO”), in order to enhance the income generated by the portfolio and reduce volatility. In addition, the Fund may write covered cash put options on securities in which it is authorized to invest.

The Fund’s investment portfolio is managed by its investment manager, Strathbridge Asset Management Inc. The capital shares and preferred securities of the Fund are listed on the Toronto Stock Exchange under the symbols TXT.UN and TXT.PR.A respectively.

Selected financial information: (in millions of dollars)
Statement of comprehensive income
For the semester ended June 30, 2021
(Unaudited)
Income (including net gain on investments) $ 2.88
Expenses (0.22 )
Operating profit $ 2.66
Privileged security (0.32 )
Increase in attributable net assets
to holders of capital shares $ 2.34

For more information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.strathbridge.com.

Commissions, trailing commissions, management fees and expenses can all be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values ​​change frequently and past performance may not be repeated.

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I Squared Capital invests in AG&P City Gas https://premudraja.net/i-squared-capital-invests-in-agp-city-gas/ Sun, 22 Aug 2021 22:04:49 +0000 https://premudraja.net/i-squared-capital-invests-in-agp-city-gas/ Breadcrumb Links PMN press releases Business Wire press releases Author of the article: Release date : August 22, 2021 • 43 minutes ago • 4 minutes to read • Join the conversation Content of the article SINGAPORE – I Squared Capital, through its ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund, invested […]]]>

Content of the article

SINGAPORE – I Squared Capital, through its ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund, invested approximately US $ 200 million as the first tranche of a US $ 300 million capital increase in AG&P City Gas. AG&P City Gas is a Singapore-based company developing twelve city gas distribution networks, or concessions, in India under the AG&P Pratham brand, covering 280,000 square kilometers, an area approximately the size of Italy. AG&P City Gas was previously 100% owned by Atlantic, Gulf & Pacific Group (AG&P), a Singapore-based downstream LNG company.

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Content of the article

In its twelve concessions, AG&P City Gas is responsible for the development and operation of compressed natural gas (CNG) stations for vehicles, natural gas pipelines to homes and the distribution of liquid natural gas (LNG). industrial and commercial customers. Town gas projects benefit from exclusive marketing in their designated areas for eight to ten years and exclusive construction of related infrastructure for 25 years.

“With AG&P, I Squared Capital was one of the first foreign institutional investors in India’s urban gas sector and is committed to helping the country achieve its goal of having 15% natural gas in its primary energy mix. by 2030. We plan to deploy up to $ 1.3 billion in Capex to develop distribution networks, ”said Gautam Bhandari, Managing Partner at I Squared Capital. “Natural gas is one of the cleanest hydrocarbons and an important element in the energy transition to reduce greenhouse gas emissions. Over the next 25 years, concessions have the potential to reduce CO emissions2 up to 37 million tonnes by replacing fuels such as diesel, gasoline, liquefied petroleum gas, coal and heavy fuel oil. The use of natural gas for cooking also reduces indoor pollution, which is one of the main causes of lung disease in India. ”

“AG&P has the privilege of partnering with I Squared Capital to accelerate the deployment of these vital gas networks developed in India by AG&P City Gas. Over the next few years, the AG&P City Gas network will continue to grow to serve millions of home customers with clean, affordable and safe fuel as India’s middle class increases in size and purchasing power. AG&P City Gas will simultaneously continue to build 1,500 CNG stations so that cars, taxis and buses can seamlessly switch to run on clean fuel. AG&P City Gas will give the opportunity to small and large local businesses to use cleaner and more affordable natural gas, mainly for the first time, a great competitive advantage for the ambitious Atmanirbhar (stand-alone) India program of the Indian government ”, commented Joseph Sigelman, Chairman and CEO of the AG&P Group. “I Squared Capital, which has extensive experience in this area and a robust management system, is an excellent partner for us. ”

“The transaction builds on I Squared Capital’s experience in developing urban gas infrastructure in India through its THINK Gas platform. The concessions cover some of India’s fastest growing cities, such as Jodhpur, Kanchipuram (including southern Chennai), Mysore, and Thiruvananthapuram (otherwise known as Trivandrum). AG&P City Gas and THINK Gas are geographically complementary and will operate as independent companies with separate management teams, ”said Harsh Agrawal, Partner at Singapore-based I Squared Capital. “These two companies form one of the largest private urban gas portfolios in India with eighteen concessions serving approximately 85 million people in nine states with an expected capital expenditure of over $ 1.3 billion for AG&P City. Gas. I Squared Capital will use the same global best practices and smart technologies that we have used for the rapid and successful development of our THINK Gas platform over the past four years. ”

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“We see AG&P City Gas as playing a vital role for India. The transition to natural gas will reduce pollution and promote a healthier environment for all of us, including our children, while supporting our growing manufacturing base by creating jobs, ”said Abhilesh Gupta, Managing Director of AG&P City Gas . “We have a lot to do and we look forward to working with the I Squared Capital team on this mission.”

About I Squared Capital: I Squared Capital is an independent global infrastructure investment manager focused on utilities, digital infrastructure, transportation, energy and social infrastructure in North America, Europe, Latin America and Asia. Headquartered in Miami, the company also has offices in Hong Kong, London, New Delhi and Singapore.

About the AG&P Group: Atlantic Gulf & Pacific (AG&P) is developing LNG import and regasification facilities as well as downstream town gas networks. AG&P also provides engineering and project management services for LNG and other infrastructure. AG&P is owned in part by Osaka Gas, JBIC (Japan Bank for International Cooperation) and Asiya, a publicly traded Kuwaiti fund, and by its management.

About AG & P City Gas: Operating under the AG&P Pratham brand, AG&P City Gas is one of the largest private city gas distribution companies (CGDs) in India. The company develops CGD networks on 12 dealerships in the Indian states of Rajasthan, Andhra Pradesh, Tamil Nadu and Karnataka. and Kerala.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210822005034/en/

logo

Contacts

Andreas Moon
Managing Director and Head of Investor Relations, I squared the capital
andreas.moon@isquaredcapital.com
+1 (786) 693-5739

Anupam Ahuja
Senior Vice President, Strategic services, AG&P Group
anupam.ahuja@agpglobal.com
+63 (998) 966 5444

#distro

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Foot Locker’s (NYSE: FL) Return on capital does not reflect activity well https://premudraja.net/foot-lockers-nyse-fl-return-on-capital-does-not-reflect-activity-well/ Sun, 22 Aug 2021 13:26:37 +0000 https://premudraja.net/foot-lockers-nyse-fl-return-on-capital-does-not-reflect-activity-well/ Finding a business that has the potential to grow significantly isn’t easy, but it is possible if we take a look at a few key financial metrics. First, we would like to identify a growth to recover on capital employed (ROCE) and at the same time, a based capital employed. This shows us that it […]]]>

Finding a business that has the potential to grow significantly isn’t easy, but it is possible if we take a look at a few key financial metrics. First, we would like to identify a growth to recover on capital employed (ROCE) and at the same time, a based capital employed. This shows us that it is a composing machine, capable of continually reinvesting its profits in the business and generating higher returns. However, after briefly reviewing the numbers, we don’t think Walk-in locker (NYSE: FL) has the makings of a multi-bagger in the future, but let’s see why it may be.

Understanding Return on Capital Employed (ROCE)

For those who don’t know what ROCE is, it measures the amount of pre-tax profit a business can generate from the capital employed in its business. The formula for this calculation on Foot Locker is:

Return on capital employed = Profit before interest and taxes (EBIT) ÷ (Total assets – Current liabilities)

0.14 = US $ 769 million ÷ (US $ 7.4 billion – US $ 1.9 billion) (Based on the last twelve months up to May 2021).

Therefore, Foot Locker has a ROCE of 14%. That’s a relatively normal return on capital, and it’s around the 17% generated by the specialty retail industry.

See our latest review for Foot Locker

crossbreed

In the graph above, we measured Foot Locker’s past ROCE against its past performance, but arguably the future is more important. If you want, you can check out the analysts’ forecasts covering Foot Locker here for free.

How are the returns evolving?

When we looked at the ROCE trend at Foot Locker, we didn’t gain much trust. To be more precise, ROCE has increased by 30% over the past five years. Although, as income and the amount of assets used in the business have increased, this could suggest that the business is investing in growth and that the additional capital has resulted in a short-term reduction in ROCE. If these investments prove to be successful, it can bode very well for stock performance in the long run.

In this regard, we noticed that the ratio of current liabilities to total assets rose to 26%, which impacted ROCE. If current liabilities hadn’t grown as much as they did, the ROCE might actually be even lower. Keep an eye on this ratio, as the business could run into new risks if this metric gets too high.

Our Foot Locker ROCE

In summary, despite lower returns in the short term, we are encouraged to see that Foot Locker is reinvesting for growth and therefore has higher sales. These trends do not appear to have influenced returns, however, as the stock’s total return has been mostly stable over the past five years. So we think it would be interesting to dig deeper into this title given that the trends seem encouraging.

Foot Locker does come with some risks, though, and we’ve spotted 1 warning sign for Foot Locker that might interest you.

For those who like to invest in solid companies, Check it out free list of companies with strong balance sheets and high returns on equity.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.

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Mumbai coronavirus update: 208 cases of Covid-19, lowest after April 2020 https://premudraja.net/mumbai-coronavirus-update-208-cases-of-covid-19-lowest-after-april-2020/ Mon, 09 Aug 2021 15:21:00 +0000 https://premudraja.net/mumbai-coronavirus-update-208-cases-of-covid-19-lowest-after-april-2020/ The financial capital on Monday reported 208 positive cases for the coronavirus, the lowest addition in a day after April last year, and three deaths for the second time this month, an official with the Brihanmumbai Municipal Corporation said ( BMC). A total of 372 patients were discharged from the hospital during the day, bringing […]]]>

The financial capital on Monday reported 208 positive cases for the coronavirus, the lowest addition in a day after April last year, and three deaths for the second time this month, an official with the Brihanmumbai Municipal Corporation said ( BMC).

A total of 372 patients were discharged from the hospital during the day, bringing the number of recoveries in Mumbai so far to 715,389, he said. Mumbai’s average recovery rate now stands at 97 percent.

With new additions, the tally of COVID-19 infections and deaths in Mumbai reached 7 37,724 and 15,954 respectively, he said.

Mumbai has reported fewer than 500 cases in the past 25 days.

Notably, Mumbai has already reported less than 300 cases in one day on three occasions, including Monday, since the start of this month.

On August 2 and 3, Mumbai recorded 259 and 288 cases, respectively.

After August 3, Mumbai reported three deaths from COVID-19 in one day for the second time this month on Monday.

Mumbai reported 323 new cases and nine deaths on Sunday.

With 26,445 new tests, the number of samples examined so far in Mumbai has reached 84 39,521, the official said.

The average doubling rate of cases in Mumbai improved further to reach 1,680 days. The average growth rate of COVID-19 cases for the period August 2-8 was 0.04%, the official said.

Notably, the number of containment zones in the slums and chawls has dropped to one and the number of sealed buildings is 45.

This year, Mumbai reported the highest number of 11,163 cases on April 4 and the lowest 328 on February 1, while the highest 90 deaths were on May 1.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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Spac de Tidjane Thiam in talks with Mexican fintech Credijusto https://premudraja.net/spac-de-tidjane-thiam-in-talks-with-mexican-fintech-credijusto/ Fri, 06 Aug 2021 15:09:50 +0000 https://premudraja.net/spac-de-tidjane-thiam-in-talks-with-mexican-fintech-credijusto/ Updates on Special Purpose Acquisition Companies Sign up for myFT Daily Digest to be the first to know about the latest news from specialist acquisition companies. Tidjane Thiam’s blank check firm in exclusive talks with Mexican fintech group Credijusto and Latin American enterprise data provider CIAL Dun & Bradstreet to merge and list the companies […]]]>

Updates on Special Purpose Acquisition Companies

Tidjane Thiam’s blank check firm in exclusive talks with Mexican fintech group Credijusto and Latin American enterprise data provider CIAL Dun & Bradstreet to merge and list the companies in New York later This year.

The former Credit Suisse CEO has targeted Credijusto, a six-year-old banking start-up, because of its rapid growth among underserved small businesses in Latin America, according to people familiar with the talks, which may ultimately fail. to an agreement. .

The rationale is to integrate Credijusto’s lending capacity with CIAL data and analysis to make more loans available to small and medium-sized businesses, residents said. If the Spac merger is successful, Credijusto founders David Poritz, 32, and Allan Apoj, 31, would continue to run their business.

The two companies would merge with Thiam’s Freedom Acquisition I, a specialist acquisition firm, and the deal could value the combined entity at around $ 1.5 billion, split roughly evenly, the people added.

Shares of Freedom Acquisition rose 1.87% to $ 9.81 each in New York trading.

Thiam, a Franco-Ivorian citizen who was also head of insurer Prudential, raised $ 345 million for his Spac in March through an IPO on the New York Stock Exchange.

The merger is Thiam’s first attempt to reshape his image as a negotiator after his controversial departure from Credit Suisse last year amid a corporate espionage scandal. He is part of a wave of former big bankers who started Spacs, including former Citigroup executive Michael Klein and UniCredit director Jean Pierre Mustier.

The vehicles are shell companies that are publicly traded and raise funds from investors and then use the proceeds to research private companies that they can acquire and go public through a reverse merger.

Thiam’s Spac is advised by JPMorgan Chase, Bank of America and the Broadhaven boutique. It counts François Pinault, the French billionaire founder of the luxury group Kering, among its investors as well as the fund manager Pimco.

Freedom Acquisition declined to comment, as did Credijusto and CIAL.

The Freedom vehicle is in the early stages of discussions with new and existing investors about investing more money in the deal via a Pipe, or private investment in public stocks, the people said.

In 2015, Poritz and Apoj founded Credijusto to improve access to credit for Mexico’s 5 million small and medium-sized businesses that generate half of the country’s gross domestic product, they told the Financial Times in an interview this week.

The lender has already raised $ 400 million in debt and equity from numerous top investors, who have been made aware of the potential takeover.

They include Goldman Sachs, Credit Suisse, Steve Cohen’s Point72 Ventures, QED Investors, former Morgan Stanley CEO John Mack and Hernán Kazah, co-founder of Latin America’s largest venture capital firm, Kaszek.

The start-up says its exclusive advantage over traditional banks comes from analyzing electronic invoices, taxes and other data, enabling credit decisions in hours rather than weeks.

However, some regulators and competitors have criticized this business model. They argue it could lead to high losses if credit conditions worsen and interest rates rise, while rapid digital checks without human oversight might fail to detect money laundering and fraud.

Nonetheless, Poritz and Apoj have achieved 250% annual revenue growth since 2015 and this year bought out established rival Banco Finterra, which brought its customer base to 6,000 and assets to $ 300 million. Credijusto has made deals with American Express to offer a corporate card and offers restaurant loans through the Uber Eats app.

The combined Credijusto-CIAL entity would be present in 43 countries. Once the Spac merger is complete, the plan would be to expand to other parts of the world, such as the United States, Africa and the Middle East, people familiar with the talks said.

Israeli entrepreneur Doron Cohen started CIAL when his family bought the Latin American franchise from Dun & Bradstreet about five years ago. It remains a partner of its American parent company.

Additional reporting by Jude Webber in Mexico

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Women of Color-Led Venture Capital Firm Fearless Fund Announces Venture Capital Week to Educate and Empower All https://premudraja.net/women-of-color-led-venture-capital-firm-fearless-fund-announces-venture-capital-week-to-educate-and-empower-all/ Tue, 03 Aug 2021 13:00:00 +0000 https://premudraja.net/women-of-color-led-venture-capital-firm-fearless-fund-announces-venture-capital-week-to-educate-and-empower-all/ ATLANTA – (COMMERCIAL THREAD) – From Monday 23 August, Fearless Fund, the first venture capital fund created by women of color, for women of color, will launch its first Fearless Venture Capital Week: a multigenerational hybrid experience designed to educate all about venture capital and entrepreneurship. The highly anticipated 7-day event will be delivered both […]]]>

ATLANTA – (COMMERCIAL THREAD) – From Monday 23 August, Fearless Fund, the first venture capital fund created by women of color, for women of color, will launch its first Fearless Venture Capital Week: a multigenerational hybrid experience designed to educate all about venture capital and entrepreneurship.

The highly anticipated 7-day event will be delivered both in person and virtually via live broadcast with a packed schedule including over 50 expert speakers, grant initiatives, giveaways, pitch competitions and more. Programming will include daily sessions designed to develop financial literacy in the following key demographic groups: Children, Adolescents, HBCU Collegiates, Women Entrepreneurs, Women Investors, and Families. The week will conclude with a celebratory brunch in honor of the recent $ 25 million round of the Fearless Fund, where guests will have the opportunity to meet and network with other talented, like-minded people.

Speakers and exceptional events at VC Week include a fireside chat with acclaimed fashion designer Steve Madden, a Fearless VC Week x Daring to Disrupt dialogue discussion hosted by media legend Katie Couric, and a HBCU pitch presented by DJ Envy of the iconic The Breakfast Club radio show. Other confirmed speakers include the following highly esteemed professionals: Brandice Daniel, Cindy Eckert, Andrea Brimmer, Tanya Van Court, Nikki Chu, Sheena Allen and many more with a special remark from former Mayor Kasim Reed.

“Our mission with Fearless Fund has always been to diversify the venture capital space as well as to provide resources, tools and access to communities to learn more about entrepreneurship,” said Arian Simone, co-founder and General Partner of Fearless Fund. “With Fearless Venture Capital Week, we are doing just that, not only by providing the opportunity to receive funding, but also through educational and inspiring discussions that we hope will encourage guests to live fearlessly and bring their businesses to life. ”

Sponsors and confirmed partners for the events include: Steve Madden, Ally Bank, JP Morgan Chase, Walmart, Mastercard and UPS.

For more information on Fearless Venture Capital Week, please visit www.fearless.fund/vc-week.

About Fearless Fund

Launched in 2019, Fearless Fund invests in WOC-led companies seeking pre-seed, seed-level or Series A funding. Its mission is to bridge the gap in venture capital funding. for founders of scalable and aggressive companies in terms of growth. Currently, the Fearless Fund portfolio includes the following companies: EnrichHER, Range Beauty, AMP Beauty, HairBrella, Streamlytics, Capway, Clevr AI, AARMY and Slutty Vegan. The Fearless Fund team also runs The Fearless Foundation, a 501c3 organization whose goal is to educate entrepreneurs through training, reduce racial inequalities, and empower African Americans to access education. capital, as well as the Get Ready Venture program, a 12-month training program for WOC business owners to acquire the training, mentorship, knowledge and skills necessary to access capital.

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Associated Capital announces preliminary second quarter book value of $ 42.10 to $ 42.30 per share https://premudraja.net/associated-capital-announces-preliminary-second-quarter-book-value-of-42-10-to-42-30-per-share/ Fri, 23 Jul 2021 20:29:00 +0000 https://premudraja.net/associated-capital-announces-preliminary-second-quarter-book-value-of-42-10-to-42-30-per-share/ GREENWICH, Connecticut – (COMMERCIAL THREAD) – Associated Capital Group, Inc. (“AC” or the “Company”), today announced a range of its preliminary second quarter book value of $ 42.10 to $ 42.30 per share, an increase compared to $ 41.22 per share as of March 31, 2021 driven largely by changes in mark-to-market values. This compares […]]]>

GREENWICH, Connecticut – (COMMERCIAL THREAD) – Associated Capital Group, Inc. (“AC” or the “Company”), today announced a range of its preliminary second quarter book value of $ 42.10 to $ 42.30 per share, an increase compared to $ 41.22 per share as of March 31, 2021 driven largely by changes in mark-to-market values. This compares to $ 40.36 as of December 31, 2020 and $ 38.09 as of June 30, 2020.

Assets under management stood at $ 1.611 billion as of June 30, 2021 compared to $ 1.305 billion as of June 30, 2020.

Associated Capital will release more details of its financial results in early August.

About Associated Capital Group, Inc.

Associated Capital, based in Greenwich, Connecticut, is a diversified global financial services company providing alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA” f / k / a Gabelli Securities, Inc.). We have also allocated equity capital to our direct investment activities which invest in new and existing businesses. Direct investment activity is developed around three main pillars: Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with $ 150 million in authorized capital as a “fundless” sponsor; the SPAC (Gabelli Special Purpose Acquisition Vehicles) activity, launched in April 2018; and Gabelli Principal Strategies Group, LLC (“GPS”) created to pursue strategic operational initiatives.

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

Our disclosure and analysis in this press release contain “forward-looking statements”. Forward-looking statements convey our current expectations or our forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate”, “estimate”, “expect”, “plan”, “intend”, “plan”, “believe” and other words and terms with similar meanings. They also appear in any discussion of future operational or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings and financial results. While we believe we base our expectations and beliefs on reasonable assumptions within the limits of what we currently know about our business and operations, the economy and other conditions, there can be no assurance that our actual results will not differ materially. of what to expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They do not constitute statements of historical fact nor guarantees or assurances of future performance.

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India Reports 3,998 COVID Deaths After State Corrects Data https://premudraja.net/india-reports-3998-covid-deaths-after-state-corrects-data/ Wed, 21 Jul 2021 05:47:00 +0000 https://premudraja.net/india-reports-3998-covid-deaths-after-state-corrects-data/ MUMBAI, July 21 (Reuters) – India on Wednesday reported its highest death toll in a month – at nearly 4,000 – after its wealthiest state reconciled its death toll with 3,109 previously unreported deaths, a announced the Ministry of Health. Maharashtra, home to the financial capital of Mumbai, has reported 130,753 of the 418,480 coronavirus […]]]>

MUMBAI, July 21 (Reuters) – India on Wednesday reported its highest death toll in a month – at nearly 4,000 – after its wealthiest state reconciled its death toll with 3,109 previously unreported deaths, a announced the Ministry of Health.

Maharashtra, home to the financial capital of Mumbai, has reported 130,753 of the 418,480 coronavirus deaths in the country, and added 3,509 previous deaths to its tally, the federal health ministry said on Wednesday.

The ministry did not give a reason, but authorities have in the past attributed other unreported death cases to administrative errors, before the errors were discovered and the numbers appeared in official data.

Last month, the poor northern state of Bihar increased the death toll by more than 5,000 in one day by including unrecorded data.

The sudden appearance of previously unreported deaths has heightened suspicions that the total number of deaths in India is significantly higher than the official figure. Read more .

India’s infection tally stands at 31.22 million, with a death toll of 418,480, according to official data.

But the Washington-based Center for Global Development estimated in a report Tuesday that India’s actual death toll from COVID-19 could reach 4.9 million. Read more .

The government reported 42,015 new coronavirus infections in the past 24 hours on Wednesday, according to data from the Department of Health.

Reporting by Shilpa Jamkhandikar in Mumbai and Nallur Sethuraman in Bengaluru; Editing by Clarence Fernandez, Robert Birsel

Our Standards: Thomson Reuters Trust Principles.

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