Apax Partners Acquires Hr/payroll Firm Zellis Group
Private equity group Apax Partners will acquire HR/payroll software firm Zellis from Bain Capital. “Zellis is a recognised leader in the payroll and HR software market, a sector that we know well from previous Apax Fund investments, including Paycor,” Apax Partner Roy Mackenzie said in a news release provided to PYMNTS Monday (April 15). “We have been closely tracking Zellis for some […]
The post Apax Partners Acquires HR/Payroll Firm Zellis Group appeared first on PYMNTS.com.
Academics, Rural Municipalities Raise Concerns About Alberta's Bill 18
Alberta legislation pitched to protect provincial priorities could slow down grant funding and allow federal money to be spent elsewhere, say officials representing rural municipalities and faculty members at post-secondary institutions. Bill 18, which was introduced by Premier Danielle Smith last week, would require the provincial government to approve all federal funding to provincial entities. That would include federal money going to cities, towns and universities across Alberta. "I simply can't see how it helps anybody in the province," said Dan O'Donnell, a professor at the University of Lethbridge and the president of the Confederation of Alberta Faculty Associations.
Jamie Dimon Cashes Out More Jpmorgan Stock, Bringing His Total Share Sales This Year To $183M
Monday's sale was the bank CEO's second time selling stock in 19 years. : JPMorgan Chase Chairman and CEO Jamie Dimon on Monday sold $32.8 million in the bank's stock, bringing the total proceeds from shaving off a portion of his ownership stake to nearly $183 million this year. In February, he offloaded more than 800,000 shares worth $150 million, marking the first time he sold JPMorgan stock since becoming CEO 19 years ago. Dimon is known to be a strong believer in eating your own cooking and holding onto equity.
Decoding Chiratae Ventures' Near-two-decade-long Journey
The venture capital industry, both at home and abroad, has encountered stiff challenges in the past couple of years. The...
B2b Marketplace Procmart Raises $30 Mn In Series B Funding From Fundamentum | Start Ups
The company is set to enter newer industries beyond MRO consumables such as Biofuel and packaging, expand its distribution network in India and strengthen international operations in Southeast Asia.
Bsr Reit Announces April 2024 Cash Distribution
LITTLE ROCK, Ark. and TORONTO, April 15, 2024 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX:HOM) (TSX:HOM) today announced a cash distribution of US$0.0433 per REIT unit for the month of April 2024, representing US$0.52 per REIT unit on an annualized basis. Payment will be made on May 15, 2024 to unitholders of record as at April 30, 2024. About BSR Real Estate Investment Trust BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Full story available on Benzinga.com.
Marwest Apartment Real Estate Investment Trust Announces Monthly Cash Distribution
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ WINNIPEG, MB, April 15, 2024 /CNW/ - Marwest Apartment Real Estate Investment Trust ("Marwest Apartment REIT" or the "REIT") (TSXV:MAR) announced that its Trustees have declared a monthly cash distribution of $0.001275 per trust unit ("Trust Unit") of the REIT for the month of April 2024, representing a cash distribution per Trust Unit of $0.0153 on an annualized basis. The cash distributions will be made on May 15, 2024 to Unitholders on record as of April 30, 2024. As ...Full story available on Benzinga.com.
Capstone Asset Management Enhances Investment Team With Addition Of Senior Portfolio Manager James Jung And Director Of Real Estate Investments Clayton Rutquist
LANGLEY, BC, April 15, 2024 /CNW/ - Capstone Asset Management ("Capstone"), a boutique Canadian fund manager, is pleased to announce the strategic appointments of James Jung and Clayton Rutquist to its investment team. James joins Capstone from Avenue Living Asset Management, where he was CEO of LOGYX Management Solutions. Previously, he was Chief Investment Officer for Pinnacle Wealth Brokers, where he was portfolio manager for the firm's award-winning private debt fund that structured and provided private mezzanine loans to corporations. Prior to that, he was Senior Vice President, Energy & Banking with DBRS Limited. James brings ...Full story available on Benzinga.com.
The Hunt Is On For Ai Synergies In Private Equity Portfolio Companies
It's not news that private equity firms act as technology strategists and guides to foster synergies...: It's not news that private equity firms act as technology strategists and guides to foster synergies between the companies in their portfolio. In 2024, their focus is on AI-enabled synergies within the portfolio. In this article, Drake Paulson, VP of Client Experience and Partnerships at Anduin Transactions, analyzes how the initiatives of synergies and AI-enabled transformation intersect in 2024, and can increase fund returns. The ceiling for return on investment from AI is unknown--but it's expected to be astounding.
Blackstone Weighs Sale Of Motel 6 Owner: Report
A famous investment firm is leaving the light on for potential buyers of its budget hotel portfolio. -Sean O'Neill. : Blackstone's real estate division is once again considering selling G6 Hospitality, which owns the Motel 6 and Studio 6 chains, Bloomberg reported Monday. Blackstone, one of the world's largest real estate investors, is in talks to gauge interest from potential buyers of the hospitality company, Bloomberg said, citing sources. A representative for Blackstone declined to comment. G6 Hospitality did not immediately respond to a request for comment.