Fintech PR
GCL and LandSpace Join Forces to Propel World’s First Methane-Powered Rocket to Orbit
JIUQUAN, China, July 21, 2023 /PRNewswire/ — Bearing the GCL’s slogan “Bringing Green Power to Life”, Zhuque-2 (ZQ-2 Y2), a methane-fueled rocket built by LandSpace in collaboration with GCL System Integration Technology Co., Ltd. (“GCL”, SHE:002506), successfully entered orbit after launching at 9 a.m. (0100 GMT) from the Jiuquan Satellite Launch Center in northwest China.
GCL, a leading one-stop renewable energy service provider, is one of the major partners helping LandSpace to build Zhuque-2, making China the first nation in the world to send a rocket carrier to space propelled by liquid methane, a cleaner, cheaper, and more powerful fuel ideal for reusable rockets.
LandSpace, through independent research and development, has achieved a major breakthrough in the technology used for Zhuque-2, leading to significant advancements in the application of low-cost liquid propellant carrier rockets.
As environmental considerations have come to the forefront of rocket research and development, nations around the world are seeking replacements to carbon-incentive technology as part of efforts to combat climate change. Methane stands out as a new-type, low-carbon alternative to its traditional counterparts in many aspects, including lower weight, less space, and streamlined maintenance.
The achievement of creating and testing a rocket powered by this green, economically viable, and safe propellant, thanks to GCL’s strong support, puts China ahead of the global race. This milestone paves the way for the country’s private aerospace industry to develop next-gen low-cost, high-performance, heavy-duty carrier rocket solutions.
A new energy leader that has been pioneering renewable innovation to empower the world’s transition to clean energy, GCL’s mission matches LandSpace’s commitment to developing green, more efficient, and cost-effective solutions for global sustainable development.
GCL sees an opportunity for the two parties to bring together their technological expertise to push innovation in the renewable energy and aerospace sectors. The pair will deepen cooperation to unlock the potential of Generative Artificial Intelligence (AI) to digitize the entire value chain of the aerospace industry.
Dedicated to integrating renewable energy into daily life, GCL is one of the leading forces that drive the energy industry’s digital transformation and e-mobility innovation. To help China and beyond accelerate toward low-carbon targets, the company has set up multiple zero-carbon industry parks and zero-carbon smart cities.
GCL is now maximizing the potential of renewable power sources by building wind and solar farms in desert regions, bringing meaningful environmental and economic benefits to residents living in surrounding areas. Meanwhile, the company’s participation in the Belt and Road Initiative (BRI) has expedited the construction of new energy infrastructure worldwide, decarbonizing and boosting the economy of the regions where it operates.
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CHICAGO, Sept. 24, 2024 /PRNewswire/ — Multi-Color Corporation (MCC), today announced the commencement of an offering of $950.0 million in aggregate principal amount of senior secured notes due 2031 (the “Notes”) in a private offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be guaranteed, on a secured senior basis, by LABL Acquisition Corporation and each of the Company’s existing and subsequently acquired or organized direct or indirect wholly-owned U.S. restricted subsidiaries, with certain exceptions (the “Guarantors”). There can be no assurance that the proposed offering of Notes will be completed.
The Company intends to use the net proceeds from the offering to (i) finance the redemption of all of its outstanding senior secured notes due 2026, (ii) repay a portion of the borrowings outstanding under its senior secured asset-based loan facility and (iii) pay any related premiums, fees and expenses, including accrued and unpaid interest, if any.
The Notes and the guarantees will be offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons in offshore transactions in compliance with Regulation S, each under the Securities Act.
The Notes and the guarantees have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.
This press release is for informational purposes only and is not an offer to sell or purchase nor the solicitation of an offer to sell or purchase securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful.
Forward-Looking Statements
This press release includes forward-looking statements regarding the Company’s financing plans, including statements related to the Company’s offering of the Notes and the intended use of net proceeds of the offering. Such statements are subject to certain risks and uncertainties including, without limitation, risks related to whether the Company will consummate the offering of the Notes on the expected terms, or at all, market and other general economic conditions and whether the Company and the Guarantors will be able to satisfy the conditions required to close any sale of the Notes. The Company’s forward-looking statements also involve assumptions that, if they never materialize or prove incorrect, could cause its results to differ materially from those expressed or implied by such forward-looking statements.
About Multi-Color Corporation
Multi-Color Corporation (MCC), established in 1916, is the global leader in prime label solutions, with approximately $3 billion in annual revenue supporting a number of the world’s most prominent brands across end-categories including food and beverages, home and personal care, wine and spirits, and other specialties. Based in Chicago, MCC serves national and international brand owners across its global footprint with a comprehensive range of the latest label technologies in pressure sensitive, cut and stack, roll-fed, in-mold, shrink sleeve and heat transfer applications. MCC employs approximately 12,000 associates across more than 90 facilities in over 30 countries.
Contact for Multi-Color Corporation:
John Hund, Sr.
Vice President, Finance
[email protected]
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- Total fee-generating commitments for the Fund amount to USD 3.2 billion (EUR 2.9 billion), including fee-generating co-investments of USD 0.3 billion (EUR 0.3 billion)
- EQT Active Core Infrastructure is a longer-hold strategy with a focus on downside protection, and applies EQT’s active ownership approach and value creation playbook to core infrastructure companies in Europe and North America.
- The Fund has already made three highly thematic investments that align with the strategy’s investment criteria and core focus.
STOCKHOLM, Sept. 24, 2024 /PRNewswire/ — EQT is pleased to announce that the EQT Active Core Infrastructure fund (or the “Fund”) has held its final close. Total fee-generating commitments for the Fund amount to USD 3.2 billion (EUR 2.9 billion), including fee-generating co-investments of USD 0.3 billion (EUR 0.3 billion).
Applying the global platform’s active ownership approach, industry insights, and local market access, Active Core Infrastructure seeks to leverage EQT’s 15-year track record of building strong and resilient infrastructure businesses for the future. It invests in companies that provide essential services to society and aims to offer an attractive risk-return proposition based on stable cash yield generation, inflation protection, low volatility, and a long-term value creation opportunity.
The Fund is backed by a well-diversified global investor base consisting of blue-chip clients, including pension funds, insurance companies, sovereign wealth funds, family offices, and private wealth platforms.
Alex Greenbaum, Partner and Head of EQT Active Core Infrastructure, said: “We have an exciting deal pipeline of attractive, thematic investment opportunities ahead of us, and are pleased to have already partnered with three businesses that share our vision to deliver long-term, sustainable growth. We see significant potential in core infrastructure against the current macroeconomic outlook, with the possibility to acquire high quality assets while creating value using our proven active ownership approach, and I am excited to further scale the strategy in the years ahead.”
The Fund has capitalised on the higher interest rate environment of the last two years and has invested across three thematically sourced, high-quality, and downside-protected companies, which demonstrate strong value creation potential:
- Ocea Group, a provider of smart water and heat sub-metering infrastructure in France
- Radius Global Infrastructure, an owner and operator of critical digital infrastructure sites globally
- Tion Renewables, a renewable energy producer and operator with a diversified portfolio of utility-scale solar, wind and battery storage across the European Union and the United Kingdom
Contact
EQT Press Office, [email protected]
This information was brought to you by Cision http://news.cision.com.
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- Sixth Street to acquire minority interest in EdgeConneX
- Broadened investor base adds new resources and expertise, supporting EdgeConneX’s long-term ambition as a leading global data center and AI infrastructure provider
NEW YORK, Sept. 24, 2024 /PRNewswire/ — EQT and Sixth Street are pleased to announce that the EQT Infrastructure IV and EQT Infrastructure V funds (“EQT Infrastructure”) have signed an agreement to sell a minority stake in EdgeConneX to funds managed by Sixth Street. Having been invested in the company since 2020, EQT Infrastructure will remain the largest shareholder following the closing of the transaction.
EdgeConneX is a leading global provider of data center capacity focused on energy-efficient and sustainable designs optimized for AI and large-scale cloud deployments. Since 2020, EdgeConneX has more than tripled its built data center capacity and expanded its reach into Asia, Latin America and new European markets. Today, EdgeConneX has a global footprint of 80 data centers in operation or development in more than 50 markets across North America, Europe, APAC and South America.
The stake sale marks a strategic milestone in EdgeConneX’s journey, welcoming a strategic partner to help accelerate the company’s ability to deliver capacity and cutting-edge solutions to its customers.
“With this transaction, EQT believes EdgeConneX is well-equipped to deliver scalable, high-performance data center solutions that will power the next generation of AI,” said Jan Vesely, Partner within EQT Infrastructure’s Advisory Team. “As AI continues to drive significant changes and create new opportunities across industries, EQT remains committed to being at the forefront of developing the required datacenter, connectivity and energy infrastructure needed for AI and to ensuring that EdgeConneX and our partners across EQT Infrastructure will continue to capitalize on this powerful industry tailwind.”
Sixth Street’s investment is a result of cross-platform collaboration between the firm’s dedicated digital infrastructure and global real estate platforms, which offer scaled capital solutions for companies and assets across their respective sectors.
“We’re pleased to bring our team’s deep experience in digital infrastructure and real estate asset investing to this partnership and join EQT in supporting EdgeConneX’s strategic growth,” said Julian Salisbury, Co-Chief Investment Officer at Sixth Street. “EdgeConneX is well-positioned for future success with the scale, high-quality performance, and expanding capabilities required to meet the increasing global demand for data center capacity and services.”
The transaction is subject to customary conditions and approvals and is expected to close in Q4 2024.
Morgan Stanley & Co. LLC served as lead financial advisor, Goldman Sachs served as financial advisor and Simpson Thacher & Bartlett provided legal counsel to EQT Infrastructure. Centerview Partners LLC served as exclusive financial advisor and Debevoise & Plimpton provided legal counsel to Sixth Street.
Contact
EQT Press Office, [email protected]
Sixth Street Press Office, [email protected]
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/eqt-welcomes-sixth-street-as-strategic-investor-in-edgeconnex,c4041985
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