Fintech PR
TVM Capital Healthcare invests in Vietnamese Eye Care Business Alina Vision in a Growth-Buy Out Transaction
Alina Vision operates hospitals in the underserved Vietnamese ophthalmology market, providing affordable and high-quality eye care services for people across all income levels to combat avoidable blindness; and meeting the impact investing strategy of TVM Capital Healthcare
SINGAPORE and HANOI, Vietnam, Jan. 16, 2024 /PRNewswire/ — The Fred Hollows Foundation, Australia, Rohto Pharmaceutical, Japan, and TVM Capital Healthcare, Singapore and Dubai, today announced the closing of a significant equity investment in Alina Vision, a leading eye care business which currently operates two hospitals in Vietnam.
Alina Vision was founded by international development organisation The Fred Hollows Foundation in 2018. Over the past five years The Fred Hollows Foundation and Rohto Pharmaceutical, a leading eyecare company in Japan, have provided financial backing, eye surgery training and clinical support to Alina Vision to grow the organisation from inception to more than 80 employees across two eye hospitals.
Alina Vision completed over 2,800 cataract surgeries in 2023 and has a vision to grow its network to a chain of hospitals across Vietnam with significantly increased capacity. Cataracts represent the most common cause of blindness in individuals aged 50 years and over in Vietnam, affecting mainly women. The demand for cataract surgeries is expected to rise significantly, surpassing the available service supply. The investment of industry specialist growth capital investor TVM Capital Healthcare will provide Alina Vision access to operational, clinical, training, and management resources, in addition to the equity investment, and accelerate the growth plans while elevating quality of care.
Hoda Abou-Jamra, Managing Director of TVM Capital Healthcare in Southeast Asia, commented: “This deal marks the most substantial investment by TVM Capital Healthcare in the region to date. We look forward to working closely with the management team of Alina Vision to execute our mutually agreed expansion plans. This investment is testament to our impact investment strategy, which is to design, build, and scale promising healthcare solutions that address patients’ needs and fill market gaps, ultimately contributing to equal access to quality healthcare.”
Ian Wishart, CEO of the Fred Hollows Foundation, added: “We are very pleased to have TVM Capital Healthcare on board to support us and the Alina Management team in scaling the business to help reduce avoidable blindness in Vietnam and the region. Alina Vision already invests significant resources in recruiting and training Ophthalmologists, Optometrists and Nurses with our and Rohto’s help. We can now enhance our efforts and execute on our growth plans.”
About TVM Capital Healthcare: TVM Capital Healthcare is an emerging markets-focused healthcare private equity firm headquartered in Singapore and Dubai, with offices in Riyadh, Boston, Munich, and Ho Chi Minh City. The firm invests expansion and growth capital in healthcare companies with a focus on specialized and tech-enabled healthcare services, digital health solutions and platforms, as well as manufacturing companies in pharmaceuticals, medical devices, and diagnostics. Investment and operating partners as well as a strong group of Senior Advisors have long-standing international track records in healthcare investing, active board work, contributions to strategy development and implementation, governance and ESG, healthcare M&A, initial public offerings and deep healthcare operations experience. The firm partners with local management teams to build domestic or regional sector champions and selectively backs companies from Europe or North America for expansion into the firm’s target geographies. TVM Capital Healthcare’s investment and operating approach combines strong commercial value creation and returns with responsible investing and a comprehensive ESG framework to build impactful, sustainable and well-governed companies, delivering excellent healthcare services. TVM Capital Healthcare is a U.N. PRI signatory since 2015, a longstanding member of GPCA, a member of GIIN, and 2X Global, a signatory of Ethical Principles in Healthcare (EPiHC) and Investors for Health (I4H), initiatives of the International Finance Corporation of the World Bank (IFC), promoting healthcare growth and ethical principles in healthcare to build transparent and resilient health systems. www.tvmcapitalhealthcare.com
About Alina Vision: Alina Vision is a social enterprise that aims to address the rising demand for eye health services in the world’s most underserved communities. By building a network of eye surgery centers, Alina is bringing an affordable model of eye care that is sustainable and equitable. https://www.alinavision.com
About The Fred Hollows Foundation: Fred Hollows Foundation is an international development organization working in more than 25 countries. The Foundation trains and empowers local eye doctors, nurses and health workers to create a sustainable system of care in the communities that need it most. The Foundation’s vision is for a world where no one is needlessly blind or vision impaired and works to make sure everyone has access to high quality, affordable eye health. For further details please visit: https://www.hollows.org.
About Rohto Pharmaceutical: Rohto Pharmaceutical is a leading wellness focused pharmaceutical company which specializes in over the counter Ophthalmology, gastro-intestinal, skincare and functional food products. Rohto strives to be innovative in the fields of medicine and skincare products so that people all over the world can experience wellbeing for longer. For further details please visit: https://www.rohto.co.jp/global/.
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For media inquiries, please contact:
TVM Capital Healthcare/Alina Vision:
Monika Schlesinger, [email protected], +49 1703602276
PohLeng Yu, [email protected], +65 9751 7037
Fred Hollows Foundation:
Esther Au, [email protected]
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Lending revenue dips against backdrop of record-high indices
NEW YORK, Jan. 2, 2025 /PRNewswire/ — The global securities finance industry generated $9.64 billion in revenue for lenders in 2024, according to DataLend, the market data service of fintech EquiLend. The figure represents a 10.3% decrease from the $10.74 billion generated in 2023.
Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, totaled an additional $2.57 billion in revenue for 2024, a 9.9% decrease from 2023.
Equity lending revenues fell 13% globally, with North America revenue declining 15% and EMEA revenue dropping 24%. In North America, the cause for the revenue decline was a 19% decrease in average fees, while in EMEA, fees and balances decreased 16% and 11%, respectively. Equity lending revenues in APAC were largely flat year-over-year.
Global sovereign debt revenue increased by 8% over 2023, with U.S. treasuries making up the lion’s share of the gains. Treasuries were up 16% year-over-year, driven by a 14% growth in balances.
In corporate debt lending, global revenue declined by 21% as a regression from a record 2023 continued. Fees were the main culprit, with a steep 29% decrease driving the year-over-year decline in revenue.
The top five earning securities in 2024 were Sirius XM Holdings (SIRI US), Lucid Group (LCID US), Beyond Meat Inc. (BYND US), Tempus AI Inc. (TEM US) and Trump Media & Technology Group (DJT US). The five securities in total generated $644 million for lenders over the course of 2024, a significant dip from the $1.11 billion generated by 2023’s top five earners.
Bloomberg Terminal users can subscribe to EquiLend’s exclusive Orbisa securities lending data by entering terminal shortcut APPS ORBISA About DataLend About EquiLend Logo – https://mma.prnewswire.com/media/1060364/EquiLend_Logo.jpg
DataLend, the market data service within EquiLend’s Data & Analytics Solutions group, tracks daily market movements across more than 200,000 securities, covering $35 trillion in lendable assets and $2.6 trillion in on-loan assets for the securities finance market. www.datalend.com
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. EquiLend has offices in North America, EMEA and Asia-Pacific and is regulated in jurisdictions around the globe. www.equilend.com
View original content:https://www.prnewswire.co.uk/news-releases/datalend-2024-securities-lending-revenue-down-10-yoy-to-9-64-billion-302341418.html
NEW YORK, Jan. 2, 2025 /PRNewswire/ — In a dynamic and increasingly complex business environment, small businesses across the USA are experiencing a growing need for expert financial management solutions. Bookkeeping in USA, a critical yet often overlooked business function, is proving essential for companies striving to stay competitive, compliant, and efficient.
Recent studies highlight the importance of tailored bookkeeping solutions to address challenges such as fluctuating tax laws, rising operational costs, and stringent compliance requirements. The demand for professional bookkeeping services in USA has surged, showcasing their role in fostering small business resilience and growth.
Click here: Get 50% Off and Simplify Your Bookkeeping USA
The Role of Bookkeeping in Small Business Success
Bookkeeping in USA offers small business owners’ clarity and control over their financial health. As the business landscape evolves, it is becoming a strategic necessity rather than just a support function. Challenges like tax compliance, cash flow management, and accurate financial reporting require dedicated expertise, which many small business owners find daunting to handle independently.
Insights from Industry Experts
“Small businesses are the backbone of our economy, and they deserve tools that empower them to succeed,” says Ajay Mehta, CEO of IBN Technologies. “Bookkeeping services enable entrepreneurs to focus on their strengths while ensuring their financial bases are secure.”
IBN Technologies has positioned itself as a leader in this space, offering streamlined bookkeeping services that align with industry standards and leverage cutting-edge technology. The company’s solutions are designed to help businesses avoid costly financial missteps, manage cash flow effectively, and maintain compliance with ever-changing regulations.
Modernizing Bookkeeping with Technology
The adoption of cloud-based bookkeeping solutions marks a transformative step forward for small businesses. Real-time access to financial data, enhanced security, and seamless collaboration between business owners and financial experts have made these tools indispensable. IBN Technologies integrates state-of-the-art technology into its services, ensuring clients can monitor their finances anytime, anywhere.
Addressing Tax Compliance and Financial Challenges
One of the most significant challenges for small businesses in the USA is navigating the complex web of federal and state tax laws. IBN Technologies specializes in offering tax-ready to serve bookkeeping in USA that not only mitigate the risk of audits but also identify potential tax savings. This dual approach has enabled many businesses to achieve better financial outcomes while reducing stress.
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440
USA:
IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
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View original content:https://www.prnewswire.co.uk/news-releases/bookkeeping-in-usa-empower-business-growth-and-success-with-ibn-technologies-302341224.html
Fintech PR
CUBE COMPLETES ACQUISITION OF THOMSON REUTERS REGULATORY INTELLIGENCE AND ODEN BUSINESSES
- Acquisition delivers an expanded customer base with a deep global subject matter expertise network that further powers CUBE’s RegBrain AI across its industry proven SaaS RegPlatform™
- CUBE continues to see strong organic customer growth in its well-established enterprise sector whilst also accelerating growth across the mid-market sector
- 2024 was a year of strategic milestones for CUBE including the partnership with Hg, expanding its global footprint across six main hubs, the acquisition of Reg-Room and Thomson Reuters Regulatory Intelligence and Oden businesses, together with pivotal board and executive appointments
LONDON, Jan. 2, 2025 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), has today formally announced the completion of its acquisition of the Thomson Reuters Regulatory Intelligence and Oden businesses on 31 December 2024.
The acquisition of these global businesses is another step forward in CUBE’s growth plans as a leader in regulatory intelligence. It will supplement and enhance CUBE’s ability to deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s global customer base will expand to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s Founder and CEO, Ben Richmond, said: “The completion of this acquisition is a major milestone for CUBE in a year that has seen many important milestones including our strategic partnership with Hg, the acquisition of Reg-Room, and the acquisition of Thomson Reuters Regulatory Intelligence and Oden businesses.”
“Thomson Reuters is best known in the industry for providing regulatory analysis and subject matter expertise combined with world-leading journalism and news,” said Ben Richmond. “The powerful combination of CUBE’s AI and the years of human generated content curated by Thomson Reuters Regulatory Intelligence and Oden subject matter experts sets us apart in the industry. This new dimension at CUBE will accelerate innovation and drive further growth and opportunity in 2025 and beyond.”
Following the announcement of its strategic partnership with Hg in March 2024, CUBE has now completed two transformational US-based acquisitions across three businesses whilst continuing to assemble a highly experienced executive team. CUBE’s continued impressive growth saw its presence in the enterprise sector surpassing 200 customers and now represents around 40% of Tier 1 financial institutions globally. In the mid-market sector, serving small and medium sized enterprises, CUBE now has near 800 customers.
With this growth CUBE solidified its global footprint by establishing offices across its six main hubs focused on customer support and implementation; with the number of employees at CUBE doubling to near 700 and a comparable increase in the number of countries where CUBE’s employees are located, which now totals 15 countries.
Ben Richmond said: “We are excited to welcome all of our new colleagues to CUBE – 2025 promises to be yet another significant year for the business as we continue to deliver further innovation focused on automating regulatory compliance and risk management for our customers.”
The definitive agreement was originally announced in May 2024 and terms were not disclosed.
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View original content:https://www.prnewswire.co.uk/news-releases/cube-completes-acquisition-of-thomson-reuters-regulatory-intelligence-and-oden-businesses-302341226.html
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