Fintech PR
Cambrex Nears Completion of 5-year, $100-Million-Dollar Investment Plan, One Year Ahead of Schedule
EAST RUTHERFORD, N.J., March 18, 2024 /PRNewswire/ — Cambrex, a leading global contract development and manufacturing organization (CDMO), announced today that it is nearing the completion of a 5-year, $100-million-dollar investment strategy, one year ahead of schedule. The project, which adds more than 150,000-square-feet of capacity and capability expansions across 70% of its North American and European drug development and manufacturing network, will be completed by the end of 2024. The investments span all scales of clinical and commercial drug substance manufacturing and include advanced technologies to solve for challenges related to complex molecules.
“When we began this journey, we aligned our investment strategy to the future needs of our pharmaceutical customers. In addition to manufacturing capacity, we invested in specialized technologies to accelerate the development of highly potent APIs and complex synthetic candidates,” commented Tom Loewald, Chief Executive Officer at Cambrex. “I’m thrilled to announce that these capabilities and capacity will be available to the market well ahead of schedule, showcasing the efforts of our talented site operations and engineering teams.”
In North America, the 5-year investment strategy included capacity expansions in Charles City, Iowa and High Point, North Carolina, adding clinical and commercial manufacturing suites for small-volume, large-volume and highly potent API manufacturing. To support early development programs, Cambrex expanded its capabilities in Longmont, Colorado, co-locating analytical services in the same facility as drug substance and drug product development. Cambrex also added specialized technologies for continuous flow process development and complex synthetics in Waltham, Massachusetts.
In Europe, Cambrex expanded its research and development capabilities in Milan, Italy, with a new high potency lab for API process and analytical development, and commissioned a new stability storage facility in Liege, Belgium.
In 2024, Cambrex will complete the final phases of expansion in both North America and Europe, adding a new, modernized quality control laboratory in Charles City, Iowa and commissioning two new 6m³ scale production lines, representing a 50% increase in large-scale API manufacturing capacity, in Karlskoga, Sweden.
With these investments, Cambrex continues to be well-positioned to support its customers in the development and manufacture of innovative new therapies that improve human health.
About Cambrex
Cambrex is a leading global contract development and manufacturing organization (CDMO) that provides drug substance development and manufacturing across the entire drug lifecycle, as well as comprehensive analytical and IND enabling services.
With over 40 years of experience and a team of 2,000 experts servicing global clients from North America and Europe, Cambrex offers a range of specialized drug substance technologies and capabilities, including continuous flow, controlled substances, solid-state science, material characterization, and highly potent APIs.
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View original content:https://www.prnewswire.co.uk/news-releases/cambrex-nears-completion-of-5-year-100-million-dollar-investment-plan-one-year-ahead-of-schedule-302090917.html
Fintech PR
H.I.G. Capital Closes $1 Billion Bayside Loan Opportunity Fund VII
MIAMI, Dec. 5, 2024 /PRNewswire/ — H.I.G. Bayside Capital, the special situations credit affiliate of H.I.G. Capital (“H.I.G.” or the “Firm”), a leading global alternative investment firm with $66 billion of capital under management, is pleased to announce the final closing of H.I.G. Bayside Loan Opportunity Fund VII (the “Fund”). The Fund closed with $1 billion of aggregate capital commitments and continues the Firm’s successful strategy of investing in special situation credit opportunities in the European middle market.
Established in 2006, H.I.G. Bayside’s European strategy invests primarily in senior secured European stressed and special situations credit, targeting equity-like returns. The Fund’s disciplined approach to portfolio construction and deal selection has consistently resulted in higher returns and a lower level of volatility relative to comparable credit indices. The Fund’s predecessor, H.I.G. Bayside Loan Opportunity Fund V, was named “Best Performing Debt Fund” by Private Equity Wire/Bloomberg in 2022.1
Sami Mnaymneh and Tony Tamer, H.I.G. Co-Founders and Co-Executive Chairmen, commented: “H.I.G. is one of the largest and most active credit investors dedicated to the middle markets. The H.I.G. Bayside Europe team benefits from our highly synergistic platform across the U.S., European, and Latin American middle markets, as evidenced by the risk-adjusted returns the Firm has generated over multiple cycles.”
Andrew Scotland and Duncan Priston, H.I.G. Bayside Europe Fund Co-Heads, commented: “We are very pleased to have fresh capital to deploy into one of the most compelling market environments for special situations credit investing where a significant number of levered European businesses are facing challenges. Our team is well positioned to capitalize on the investment opportunities available.”
Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation, added, “We aim to provide limited partners with a full spectrum of investment opportunities across private equity, credit, and real assets in the middle market. Limited partner backing of the Fund demonstrates strong interest in the middle market and conviction in H.I.G.’s differentiated approach. We are thankful for the strong support the Fund received from a diverse and global investor base in North America, Europe, Asia, and the Middle East, including public and private sector pensions, endowments, foundations, asset managers, consultants, fund of funds, financial institutions, and family offices.”
1 H.I.G. Bayside Loan Opportunity Fund V was named “Best Performing Debt Fund Over $1.5B” by Private Equity Wire/Bloomberg in November 2022. |
About Bayside Capital
Bayside Capital is the special situations affiliate of H.I.G. Capital. Focused on middle market companies, Bayside invests across several segments of the primary and secondary debt capital markets with an emphasis on long term returns. With eight offices throughout the U.S. and Europe and over 500 investment professionals to draw upon, Bayside has the experience, resources, and flexibility required to generate superior risk-adjusted returns. For more information, please refer to the Bayside website at bayside.com.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $66 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to mid-sized companies, utilizing a flexible and operationally focused/value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.
*Based on total capital raised by H.I.G. Capital and affiliates. |
Contacts:
Jordan Peer Griffin
Executive Managing Director
[email protected]
Duncan Priston
Co-Head of Bayside Europe
[email protected]
Andrew Scotland
Co-Head of Bayside Europe
[email protected]
H.I.G. Capital
1450 Brickell Avenue
31st Floor
Miami, FL 33131
P: 305.379.2322
hig.com
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View original content:https://www.prnewswire.co.uk/news-releases/hig-capital-closes-1-billion-bayside-loan-opportunity-fund-vii-302323237.html
Fintech PR
SS&C to Present at Abu Dhabi Finance Week
WINDSOR, Conn., Dec. 5, 2024 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of software and software-enabled services for the financial services and healthcare industries, today announced that Bill Stone, Chairman and CEO, will present at Abu Dhabi Finance Week. The event, which takes place on Al Maryah Island in Abu Dhabi Dec. 9-12, is expected to draw more than 18,000 finance professionals from more than 100 countries.
Bill Stone will join Aron Landy, CEO of Brevan Howard, and Leda Braga, CEO of Systematica Investments, on the “Inside the Hedge Fund Industry” panel on Dec. 10 at 10:40 a.m. Dan Murphy, CNBC anchor and correspondent, will moderate.
A recording of the panel will be made available by the organizers after the event.
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, Linkedin and Facebook.
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View original content:https://www.prnewswire.co.uk/news-releases/ssc-to-present-at-abu-dhabi-finance-week-302323426.html
Fintech PR
Vantage Markets celebrates Copy Trading success with viral video campaign, featuring duets by top influencers from India and Vietnam
PORT VILA, Vanuatu, Dec. 5, 2024 /PRNewswire/ — In celebration of 15 years of empowering traders, Vantage Markets (“Vantage”) is thrilled to announce the resounding success of its latest copy trading video campaign, Join the Move, Mirror the Trade. The campaign, creatively blending dance and copy trading, has taken social media by storm with top influencers from India and Vietnam enthusiastically dueting with the video and amplifying its reach across the region.
With each influencer’s unique dance style syncing seamlessly with the video’s playful choreography, Join the Move, Mirror the Trade has achieved a widespread impact, inspiring a new wave of traders to explore the possibilities of copy trading. Featuring influencers such as Nguyen Pham from Vietnam and R Raj Sharma from India, the video campaign has created a vibrant, accessible way for new traders to learn about copy trading. This surge of influencer participation has helped Vantage spark a meaningful dialogue about financial empowerment, connecting with the next generation of traders in a fresh, dynamic way.
Join the Move, Mirror the Trade: Making Trading Accessible for All
At the heart of Vantage’s campaign is its Copy Trading feature, which allows users to mirror the strategies of experienced traders through an intuitive, user-friendly interface. This approach empowers new traders to build confidence and learn from seasoned experts in a simplified format – much like following dance moves in a duet. Through expanded multi-currency support, multi-account compatibility, and a low minimum deposit of $50, Vantage ensures that copy trading is within reach for traders of all levels.
Marc Despallieres, Chief Strategy and Trading Officer at Vantage Markets, commented, “Over the last 15 years, our commitment to trading excellence and innovation has only strengthened. The success of this campaign underscores our mission to empower and inspire the new generation of traders. Join the Move, Mirror the Trade truly captures the spirit of learning through connection, and we are thrilled to see how influencers and their audiences have embraced it.”
A Celebration of 15 Years of Innovation
This campaign marks an important milestone in Vantage’s 15-year journey of advancing financial inclusion and innovation in trading. Vantage’s vision of trading excellence continues to resonate globally, with this video campaign as a testament to its powerful, positive impact on a new generation of traders.
Watch the viral video and join the movement here.
About Vantage
Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.
Video – https://www.youtube.com/watch?v=WPuXHY1e1pY
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View original content:https://www.prnewswire.co.uk/news-releases/vantage-markets-celebrates-copy-trading-success-with-viral-video-campaign-featuring-duets-by-top-influencers-from-india-and-vietnam-302323652.html
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