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HDM Solar Secures Significant Eight Figure Funding Led by Angel Invest and DF Capital

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KINGSTON-UPON-HULL, England, Jan. 30, 2024 /PRNewswire/ — HDM Solar, one of the UK’s fastest-growing wholesalers of renewable energy products, has announced a major £10.2m funding boost led by a multi-million pound equity investment from Angel Invest in Berlin and supported by UK based DF Capital. The business will use the investment and working capital facility to accelerate the rollout of a nationwide network of branches which will generate new jobs and provide local support to installers, businesses and consumers in every corner of the country.  

This funding is another significant step in the development of the company and its ambition to be the UK’s leading renewable energy equipment wholesaler. The Hull based business is at the forefront of championing affordable energy solutions and making it simpler for millions of homes and businesses to embark on a journey towards net zero.  

“We are thrilled to have secured this funding from Angel Invest and working capital facility from DF Capital,” said Daniel Rogers, Founder of HDM Solar. Adam Firth, HDM Solar’s Managing Director continued “We have carefully and strategically planned our UK wholesale network expansion. This funding will help us increase our number of branches so we can provide even better service and support to our customers across the country, it’s a really exciting and rewarding time for everyone at HDM Solar as we continue to offer a new proposition to the market.” 

The investment from Angel Invest and working capital facility from DF Capital illustrates their shared confidence in the profitability, longevity and management of the business. John von Berenberg-Consbruch, Partner at Angel Invest said, “Daniel, Adam and the team at HDM Solar have demonstrated an exemplary level of professionalism and growth planning. The HDM Solar business is growing quickly by offering best-in-class products and exceptional service. Our investment will help accelerate their expansion and plan to become a leading industry player”. 

Garry Frew, Chief Commercial Officer at DF Capital commented: “We’re delighted to provide this facility to HDM Solar during this significant period of growth. Daniel and Adam have demonstrated tremendous industry knowledge and a robust, exciting plan for the future development of the business which we are delighted to support.”

HDM Solar plans to open sixty branches across the country and is targeting a total of five new sites to be operational by the end of 2024.

ABOUT HDM Solar 

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HDM Solar is The Wholesaler of renewable energy products and is one of the UK’s fastest-growing suppliers providing renewable energy products to the trade and public. Headquartered in Kingston upon Hull, UK, with strategically located distribution centres that serve the entire UK market, HDM Solar’s product range includes over 1500 products all of which have been carefully selected for their performance, durability and precision. HDM Solar holds supply agreements with most of the world’s best-known brands including Mounting Systems GmbH, SunSynk, JA Solar, Jinko, Solax and more. HDM Solar offers direct-to-site delivery the next day or sooner using its own distribution vehicles or selected courier partners. Visit www.hdmsolar.co.uk for more information.  

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Great Bay Insurance Group announces executive changes

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WEST ATLANTIC CITY, N.J., March 14, 2025 /PRNewswire/ — The Great Bay Insurance Group (the “Group”), a leading provider of coastal homeowners’ insurance in New Jersey, today announced the following leadership changes. Timothy J. Byrne, Jr., has been named as President of the Group and Ronald R. Lovatt has been named President of Great Bay Insurance Company, a wholly owned affiliate of the Group.

Mr. Byrne Jr. has nearly 15 years of industry experience and previously served as the Group’s Chief Operating Officer overseeing the Groups operations and underwriting strategies. 

Mr. Timothy J. Byrne, Sr., Chief Executive Officer of the Group, added, “I’m excited to announce the promotion of Tim Jr. to the role of President of The Great Bay Insurance Group and Ron to the role of President of Great Bay Insurance Company. Tim Jr. and Ron have been an integral part of the Group since its founding in 2019.”

As President, Tim Jr. will provide oversight for all corporate support functions and will continue to report to Tim Sr. 

Mr. Byrne Jr. holds a BS in Economic and Mathematics from the University of Vermont, an MBA in Risk Management and Insurance from St. John’s University and holds a CPCU designation.

Mr. Lovatt has 40 years of broad insurance industry experience in leadership capacities with international, national, regional and start-up insurance companies. Ron is a founding member of The Great Bay Insurance Group, working with Tim Sr. & Tim Jr. to launch Great Bay in late 2019. Ron currently serves as Chief Underwriting Officer & Chief Claims Officer for The Great Bay Insurance Group, has an MBA from The Wharton School of the University of Pennsylvania, and a Bachelor of Science degree in Economics, Finance, Accounting & Marketing from Miami University.

Contact:
Investor Relations
Brian Schleider, CPA
Chief Financial Officer
609-434-2000, x102

brian.schleider@greatbayinsure.com

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Cision View original content:https://www.prnewswire.co.uk/news-releases/great-bay-insurance-group-announces-executive-changes-302401923.html

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Forward Global responds to surge in UK shareholder activism with launch of UK Corporate Contests Practice

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LONDON, March 14, 2025 /PRNewswire/ — International risk management firm Forward Global launched its UK Corporate Contests Practice on Tuesday in response to what is described as “all-time high of shareholder activism” in London and Paris. 

Speaking ahead of the launch on Tuesday night, Brendan Foo, Partner and Global Head of Corporate Contests at Forward Global, said “As activism gains currency as an asset class, savvy investors are looking toward the UK and Europe to generate alpha. Indeed, in 2025 alone, we have seen an unprecedented demand for our services not just in our traditional strongholds of the US and Canada, but also in the UK and Europe. This reflects the surge in activist (and active) engagements, with which our team is uniquely well-placed to assist.”

Forward Global’s Corporate Contests Practice was established to meet demand from law firms, investors, and advisers to provide a comprehensive suite of services to support companies in high-stakes shareholder engagements. In keeping with the firm’s established activism practice in the US, the new London offering will deliver investigative and intelligence work such as vetting board nominees, relationship mapping, scrutinizing the track records of both incumbents and challengers, and conducting deep-dive reputation analyses. In Europe, Forward Global’s Patrice Lambert-de Diesbach offers clients battle-tested expertise in investor relations and financial communications.

Shareholder activism in the UK has expanded significantly, with campaigns becoming more frequent and sophisticated. In 2023, the number of new public activist campaigns in Europe surged by 68%, with the UK remaining a primary target. US-based activist investors have also increased their focus on UK firms, launching 40% of all UK activist campaigns in 2024. With contested boardroom battles and regulatory shifts on the rise, the expansion of Forward Global’s Corporate Contests practice into the UK is well-timed, equipping issuers with the intelligence and strategies needed to navigate this evolving landscape.

The firm launched the new practice at an exclusive gathering at the International Institute of Strategic Studies in London, bringing together leading voices from the shareholder activism space to discuss the evolving landscape of transatlantic shareholder activism.

The panel discussion, featuring Brendan Foo, Patrick J. McHugh of Okapi Partners, and Sebastian Fain of Freshfields, explored critical considerations for US investors entering the UK market and vice versa, differences in engagement styles across jurisdictions, and strategies for issuers to proactively engage with both activist and active investors. Panelists also examined the impact of anti-DEI and ESG sentiment on investor relations in the UK, as well as how issuers can adapt to evolving regulatory and institutional expectations.

John Watts, Managing Partner of Forward Global UK, added, “Forward Global’s new UK Corporate Contests Practice is designed to provide companies with the strategic intelligence and investigative depth needed to navigate an increasingly complex activist landscape. Our team is committed to equipping clients with the tools to engage proactively with investors, safeguard their strategic interests, and strengthen shareholder relations across Europe.”

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Notes for Editors

Forward Global is an international group, with its historic headquarters in France, boasting five main offices in Paris, Brussels, London, Miami, and Washington. As a leading player in risk management with over 450 employees and 30 partners, Forward Global offers an integrated approach across the three major risks: digital, economic, and informational.

Logo: https://mma.prnewswire.com/media/2641946/Forward_Global_Logo.jpg

 

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NYSE Content advisory: Pre-market update for March 14, 2025

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NEW YORK, March 14, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.

  

Alison Kosik delivers the pre-market update on March 14th

  • Investors welcomed a cooler-than-expected Producer Price Index reading for the month of February as tariff talk continues out of Washington D.C.
  • Attention shifts to the Federal Reserve decisions coming next week as inflation data suggests the rate of inflation growth could be slowing.
  • S&P 500 looks to rebound after ending yesterday in correction territory, which is a decline of at least 10% from a recent high.

Watch NYSE TV Live every weekday 9:00-10:00am ET 

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Video – https://mma.prnewswire.com/media/2641945/NYSE_March_14_2025_Market_Update.mp4
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