Fintech PR
EQT PRIVATE EQUITY TO SELL LIMACORPORATE TO ENOVIS: THE ITALIAN SITE IN SAN DANIELE DEL FRIULI WILL REMAIN THE FULCRUM OF PRODUCTION, BENEFITING FROM NEW INVESTMENTS
UDINE, Italy, Sept. 25, 2023 /PRNewswire/ — EQT Private Equity announces the sale of LimaCorporate to Enovis. With this transaction, LimaCorporate will become part of the NYSE-listed Enovis group in a strategic combination that creates a global leader in the orthopaedic industry.
Founded in 1945 by the Lualdi family and headquartered in San Daniele del Friuli, Italy, LimaCorporate is a global orthopaedic implant manufacturer. Its heritage of innovation is reflected in its industry-leading know-how in additive manufacturing, such as its proprietary Trabecular Titanium (TT) technology. LimaCorporate has grown over the years to become one of the leading European orthopaedic companies, expanding its product portfolio primarily through in-house innovation and the advancement of its 3D printing capabilities.
LimaCorporate, together with EQT, has been investing to solidify its core offering and increase manufacturing capacity in the face of rapidly growing demand, while further developing talent to execute the market expansion, with accelerated global growth. In 2022, the company reached revenues of EUR 249 million and it will continue to bring critical innovation to surgeons and patients as part of Enovis.
By becoming part of the NYSE-listed Enovis group, LimaCorporate will benefit from a greater global network and new commercial opportunities thanks to the complementarity of the two companies’ product portfolios and market penetration. New investments will accelerate the completion of the new production building at the Headquarter in San Daniele del Friuli. The local production plants will continue to support the global expansion of the Group.
Matteo Thun, Partner within EQT Private Equity’s Advisory Team, said, “LimaCorporate is a true example of sophisticated engineering and technology designed to empower surgeons and to improve patients’ lives. EQT is proud to have been part of the Company’s journey and I want to thank the management team and all the employees of LimaCorporate, who work enthusiastically every day to bring life-changing products to patients around the world. It is exciting to see a global player like Enovis joining forces with LimaCorporate in such a strategic combination”.
Massimo Calafiore, CEO of LimaCorporate, said, “I am proud of the value we have created over the years and especially in the last twelve months. I would like to personally thank all Lima People for the energy, enthusiasm, and motivation they always demonstrated in their everyday work. Furthermore, I would like to thank EQT for having been a supportive partner in investing in our company and contributing substantially to LimaCorporate’s growth. The relentless work of this Leadership Team and the entire organization during the last year, aimed at helping patients and creating value, made possible for Lima to stand up as one of the most exciting companies in the space. The new combination with Enovis is a key milestone in our journey and I am looking forward to seeing the combined Group continue to develop innovative products for surgeons to restore the eMotion of Motion in our patients”.
Matt Trerotola, CEO of Enovis said, “We are extremely excited for the talented LimaCorporate team to join the Enovis family. From the beginning, it was clear that we share a mutual passion for using surgical innovation to drive improved patient outcomes, and together we will continue to design and deliver best-in-class products and technologies. This strategic combination expands and strengthens our geographic reach and orthopedic leadership around the world.”
The transaction is subject to customary conditions and approvals and is expected to close in early 2024. In connection with the transaction, Enovis intends to redeem, repay, and/or cancel certain indebtedness of LimaCorporate in full on or around closing, including LimaCorporate S.p.A.’s senior secured floating rate notes due 2028 and the group’s existing revolving credit facility.
About LimaCorporate
LimaCorporate is a global orthopedic company, focused on digital innovation and patient-tailored hardware, which advances patient-centered care. Its pioneering technological solutions are developed to empower surgeons, and to improve patient outcomes from joint replacement surgery. Its primary focus is on providing reconstructive and custom-made orthopedic solutions to surgeons, enabling them to improve the quality of life of patients by restoring the joy of movement.
Headquartered in Italy, the company operates directly in over 20 countries around the world. LimaCorporate offers products ranging from large joint revision and primary implants, to complete extremities solutions, including fixation.
For additional information on the Company, please visit www.limacorporate.com
Limacorporate spa
Via Nazionale, 52
33038 Villanova di San Daniele
Udine – Italy
t: +39 0432 945511
e.: [email protected]
About Enovis
Enovis Corporation (NYSE: ENOV) is an innovation-driven medical technology growth company dedicated to developing clinically differentiated solutions that generate measurably better patient outcomes and transform workflows. Powered by a culture of continuous improvement, global talent and innovation, the Company’s extensive range of products, services and integrated technologies fuels active lifestyles in orthopedics and beyond. The Company’s shares of common stock are listed in the United States on the New York Stock Exchange under the symbol ENOV. For more information about Enovis, please visit www.Enovis.com.
This announcement constitutes a public disclosure of inside information by LimaCorporate S.p.A. under Regulation (EU) 596/2014 and any relevant implementing rules and regulations. Upon the publication of this announcement, this inside information (as defined in Regulation (EU) 596/2014) is now considered to be in the public domain. This announcement is being made on behalf of LimaCorporate S.p.A. by Michele Marin Company Secretary.
Fintech PR
ShowPlus Chain (SHC2): Following XT.COM Success, BitMart Listing and Major Global Exchange Plans
SEOUL, South Korea, Nov. 19, 2024 /PRNewswire/ –ShowPlus Chain (SHC2), the core token of the ShowPlus (Show+®) ecosystem, made a successful debut in the global cryptocurrency market with its listing on XT.COM. Despite its early stage, SHC2 has seen a remarkable surge in trading volume and garnered significant attention. Now, it is set to achieve another milestone with its second exchange listing on BitMart, scheduled for 7:00 AM GMT on November 20, 2024.
XT.COM Listing: A Promising Start for SHC2
The XT.COM listing marked a significant step forward for SHC2 in the global market. By bridging digital assets with real-world applications, SHC2 has delivered new value in diverse industries such as entertainment, e-commerce, accommodation, and banking & payment.
Following its XT.COM debut, SHC2 witnessed record-breaking trading volumes and growing community interest, highlighting its practical utility and growth potential. This strong performance serves as a solid foundation for a successful launch on BitMart.
BitMart Listing: A Key Milestone in Global Expansion
The upcoming BitMart listing represents a crucial turning point in SHC2’s growth journey. Scheduled for 7:00 AM GMT on November 20, 2024, this listing will provide SHC2 with access to a broader investor base and further strengthen its position in the cryptocurrency market.
Beyond BitMart, SHC2 has already secured plans to list on 2–3 major global exchanges, starting in December 2024. These strategic expansions will enhance SHC2’s global footprint and establish it as a leading digital asset in the cryptocurrency market.
SHC2: An Innovative Digital Asset with Real-World Utility
SHC2 goes beyond being a mere digital asset; it plays a central role within the ShowPlus ecosystem. By supporting prize distribution, sponsorships, and transparent financial transactions, SHC2 integrates seamlessly with platforms such as Show+Rich, Show+Bank, and Show+Trip, offering tangible benefits to its users.
Moreover, SHC2 leverages blockchain security and transparency to deliver real-world value in sectors such as entertainment, e-commerce, banking & payment, and travel, setting a new standard for digital economic solutions.
Global Vision and Ecosystem Expansion
The BitMart listing marks a significant step in accelerating the expansion of the SHC2 ecosystem. With its growing platform, ShowPlus is prepared to connect with millions of users, offering blockchain-driven solutions across finance, travel, and entertainment.
Additionally, SHC2’s upcoming listings on major global exchanges will foster deeper connections with international communities, positioning it as a new benchmark in the digital asset market.
Join the Journey of Innovation
SHC2’s innovative journey has just begun. With the success of its XT.COM debut, the BitMart listing on November 20, 2024, at 7:00 AM GMT, and plans for major global exchange listings, SHC2 is rapidly growing and redefining the future of the digital economy.
For more information, visit www.showplus-chain.io. Join SHC2 to experience the next wave of digital economic innovation!
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View original content:https://www.prnewswire.co.uk/news-releases/showplus-chain-shc2-following-xtcom-success-bitmart-listing-and-major-global-exchange-plans-302309968.html
LONDON, Nov. 19, 2024 /PRNewswire/ — Wirex, a leading Web3 money app, is thrilled to announce a groundbreaking global alliance with Banking Circle, a leading provider of next-generation banking services.
This strategic collaboration is set to dramatically enhance Wirex’s financial operations across the globe, empowering millions of users with cutting-edge banking solutions.
Under the cooperation, Banking Circle will provide a robust range of banking services that are crucial to Wirex’s continued global expansion and the enhancement of its financial ecosystem. These services will include:
- Global bank accounts for Wirex: Supporting the company’s global expansion by optimizing treasury operations and enabling more seamless management of fiat and digital currencies.
- New payment services to simplify user experience: Offering instant bank transfers and faster payment solutions, allowing users to send and receive funds effortlessly around the world.
- Settlement and FX solutions for Wirex: Facilitating smoother, real-time payment flows within Wirex’s expanding collaboration network.
- Liquidity management facilities: Ensuring the scalability and resilience of Wirex’s financial services as it grows its ecosystem globally.
By leveraging Banking Circle’s infrastructure, Wirex will deliver an enhanced, more flexible financial experience for both retail and business users worldwide.
“We are proud to work with Banking Circle, whose leadership in the global financial infrastructure space is unmatched,” said Svyatoslav Garal, Global Head of Payments at Wirex. “By expanding our capabilities and providing greater access to seamless financial solutions, we’re reinforcing our commitment to bridging digital and traditional finance. This collaboration is a natural step in enhancing our global platform to create a more efficient experience for everyone.”
Cindy Liu, Co-Head Global Account Management: “Working with Wirex is a key move in our goal to revolutionize global finance with efficient and transparent solutions. Wirex’s commitment to pushing the boundaries of fintech makes them the perfect fit to reach new heights in digital finance. By combining our strengths, we’re confident this collaboration will be a game-changer for global payments and financial services.”
This collaboration signifies a bold step forward for both Wirex and Banking Circle, uniting two industry leaders committed to revolutionizing the financial landscape. Together, they will unlock new opportunities in the global payments space, offering a seamless fusion of digital and traditional finance.
About Wirex
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
| wirexapp.com |
About Banking Circle S.A.
Banking Circle S.A. is a modern correspondent bank committed to building a local clearing network for all major currencies, to deliver fast, low-cost payments with no hidden fees for the beneficiary. As a fully licenced bank, free of legacy systems, Banking Circle enables payments companies and banks of any scale to seize opportunities in the new economy – quickly, at low cost. It provides a suite of unique and award-winning banking solutions, including multi-currency banking accounts and Virtual IBANs, bank connections for local clearing and cross-border payments, all underpinned by market leading compliance and security.
Headquartered in Luxembourg, Banking Circle Group has branches in Denmark, Germany, the UK, the US, Singapore, Lichtenstein and Australia. For more information on Banking Circle, please visit www.bankingcircle.com
Photo: https://mma.prnewswire.com/media/2561756/Wirex_Banking_Circle.jpg
Logo: https://mma.prnewswire.com/media/2286023/5035652/Wirex_logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/wirex-works-with-banking-circle-to-revolutionize-global-financial-operations-302309865.html
CHENGDU, China, Nov. 19, 2024 /PRNewswire/ — A matchmaking event for scientific and technological achievements was held on Nov 18 in Chengdu, capital of Southwest China’s Sichuan province, drawing participants from 500 top universities, research institutions, technology enterprises, financial institutions, and technology transfer agencies.
The event aims to build a platform for both the technology demand and supply sides, to further facilitate the transformation of scientific and technological achievements in Chengdu, according to the organizers.
During the event, the Chinese Academy of Sciences, Tsinghua University, Shanghai Jiao Tong University, University of Science and Technology of China, Sichuan University, and University of Electronic Science and Technology of China released a total of over 400 scientific and technological achievements.
The Chengdu city government signed a strategic cooperation agreement with the City University of Hong Kong, to deepen cooperation in fields including promoting the transformation of scientific and technological achievements in Chengdu, jointly building a scientific and technological innovation platform, introducing and cultivating high-level innovative talents, and jointly establishing a science and technology innovation fund.
Chengdu’s districts, counties and county-level cities signed cooperation agreements on 17 achievement transformation projects with universities, research institutes and enterprises.
Xinghan Hangyu Technology Co Ltd signed an agreement with Chengdu’s Longquanyi district to build a reusable liquid-propellant carrier rocket headquarters project. Duan Tao, deputy general manager of the company, said his company chose Chengdu because of its ideal innovation environment.
The project, with an investment of 4 billion yuan ($552 million), will focus on the research, development and manufacturing of small, medium and large commercial carrier rockets, as well as liquid-propellant rocket engines.
More than 30 research teams conducted roadshows at the event, focusing on areas such as electronic information, intelligent manufacturing, pharmaceuticals and health, aerospace, green and low-carbon technologies, new materials, artificial intelligence, low-altitude economy, and hydrogen energy.
Zhai Shaojian, deputy general manager of Chengdu Zhongkewei Information Technology Research Institute Co Ltd, who introduced his company’s low-orbit broadband satellite terminal project at the roadshow, said the project received enthusiastic attention, with many partners expressing interest in collaborating to build the industrial chain together.
Officials at the Chengdu Science and Technology Bureau said they will regularly hold such matchmaking events to gather domestic and international innovation resources, thus creating a global market for technology transactions.
View original content:https://www.prnewswire.co.uk/news-releases/chengdu-holds-matchmaking-event-for-tech-achievement-transformation-302309770.html
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