Fintech PR
Front Row Group Announces Strategic Investment from Charlesbank Capital Partners
New funding will enhance Front Row Group’s ability to execute strategic growth initiatives and deliver hyper-personalized service at scale
NEW YORK and BOSTON, Sept. 3, 2024 /PRNewswire/ — Front Row Group (or the “Company”), an e-commerce agency and accelerator providing fully outsourced marketplace management to beauty, health & wellness, and CPG brands, today announced a strategic investment from Charlesbank Capital Partners (“Charlesbank”), a middle-market private equity firm with more than $18 billion of capital raised since inception. The investment will help the Company accelerate innovation and growth of the business, while maintaining its focus on high-quality, personalized service at scale.
With a global presence in New York, San Diego, Hamburg and Bratislava, Front Row Group leverages proprietary technology to design, market, distribute and scale leading brands around the globe. The Company tailors its diverse set of specialized services to a business’s unique needs with expertise across strategic brand-building, omnichannel marketing, international market expansion, content production, and business intelligence through its proprietary Catapult platform and innovative design and branding. This investment follows the 2023 brand consolidation that united Fortress Brand, School House, Taylor & Pond, Bizmut and Finc3 under the Front Row Group brand, providing the Company with differentiated global capabilities to better support clients across North America and Europe.
Charlesbank’s investment will enable Front Row Group to continue scaling in the fast growing and dynamic e-commerce space. The Company will be well-positioned to deliver faster, more impactful results in the operationally complex Amazon channel, helping clients optimize content, power data-driven decisions via Catapult, and manage the complicated logistics of the competitive marketplace. Through its partnership with Charlesbank, Front Row Group can further build on its track record of organic growth and accretive acquisitions, allowing the Company to accelerate its growth trajectory.
“As demand for Front Row Group’s services increases with more brands looking to unlock e-commerce growth, Charlesbank’s partnership will enable us to fully capitalize on the market opportunity in front of us,” said Yuriy Boykiv, CEO at Front Row Group. “With Charlesbank’s deep industry expertise and long track record of driving value, Front Row Group is better equipped to extend its position as a leading partner to top brands globally. We are excited to have Charlesbank’s support for this next phase of growth.”
“Front Row Group is at the intersection of a couple of powerful long-term trends: the movement of the $300 billion beauty, health and wellness industries, particularly the premium segment, into e-commerce, and the increasing personalization of brand preference,” said Michael Choe, Managing Director & CEO at Charlesbank. “These tectonic shifts have created a significant market opportunity for leading service providers that can enable brands to reach their full potential online faster and more efficiently. Front Row Group is a clear leader in helping their brand partners achieve this. We are thrilled to partner with Yuriy, cofounders and current Presidents Alex and Matt Beer, and their team, to build on their already impressive growth.”
Financial terms of the transaction were not disclosed.
Jefferies LLC served as financial advisor to Front Row Group on the transaction and Akerman LLP provided legal counsel to Front Row Group. Lincoln International LLC served as financial advisor and Kirkland & Ellis LLP provided legal counsel to Charlesbank.
About Front Row Group:
Front Row Group is a leading e-commerce agency and accelerator specializing in beauty, health, wellness, and consumer brands. With a global presence in New York City, San Diego, Hamburg, and Bratislava, the company partners with top brands to drive holistic commerce growth. Leveraging proprietary technology called Catapult and robust capabilities, they design, market, distribute, and scale brands worldwide.
Front Row Group’s expertise encompasses strategic brand-building, omnichannel excellence, international market expansion, compelling content creation, and innovative design and branding. Front Row Group ensures robust marketplace growth, seamless e-commerce management, targeted digital marketing, and actionable business intelligence.
Trusted by industry leaders like OUAI, Summer Fridays, Glow Recipe, Designs For Health, Scrub Daddy, Unilever, Bosch, and Wella, Front Row Group empowers brands to achieve their full potential in a competitive marketplace. For more, visit https://www.frontrowgroup.com/.
About Charlesbank:
Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm with more than $18 billion of capital raised since inception. Charlesbank focuses on management-led buyouts, growth capital financings, opportunistic credit, and technology investments. The firm seeks to invest in companies with sustainable competitive advantage and excellent prospects for growth. For more information, please visit www.charlesbank.com
Contacts for Front Row Group:
[email protected]
Contacts for Charlesbank:
Ryan FitzGibbon / Alexa Ottenstein / Peter Gavaris
Prosek Partners
[email protected]
Logo – https://mma.prnewswire.com/media/2419711/Front_Row_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/front-row-group-announces-strategic-investment-from-charlesbank-capital-partners-302235094.html
Fintech PR
UnionPay International Powers CIIE with Enhanced Cross-border Payment Solutions, Boosting Cross-border Trade Payments
SHANGHAI, Nov. 14, 2024 /PRNewswire/ — The 7th China International Import Expo (CIIE) opened on November 5, welcoming nearly 3,500 exhibitors from 129 countries and regions. UnionPay International (UPI), a longstanding partner of CIIE, showcased its commitment to facilitating global trade by delivering cutting-edge, secure, and convenient payment solutions for exhibitors, buyers, and visitors.
Enhancing Payment Experiences for Global Participants
During this year’s CIIE, UPI unveiled its latest payment innovations, including the UnionPay SplendorPlus Card and the CIIE-themed Card, at the Bank of China (BOC) Shanghai Pavilion. These products attracted significant attention from domestic and international attendees, emphasizing seamless and tailored payment experiences for cross-border transactions.
As part of its broader “Project Excellence 2024”, launched earlier this year, UPI introduced the SplendorPlus Card, specifically designed for inbound international travelers. This versatile card supports multiple payment methods—physical card, QR code, and mobile payments—and offers exclusive benefits such as cashback and localized privileges across five key categories, including transportation, cultural attractions, and dining. With nearly 40 financial institutions worldwide now issuing or preparing to issue the card, UPI continues to expand its reach, enhancing connectivity between China and the global market.
Meeting Evolving Cross-border Payment Needs
UPI’s payment ecosystem has grown significantly in recent years, driven by technological innovation and an understanding of diverse global consumer preferences. To date, more than 250 million UnionPay cards have been issued in 83 countries and regions. Cardholders can access comprehensive payment services within China, including dining, retail, hotel bookings, and transportation, such as Shanghai metro ticketing and taxi services.
In addition, UPI has partnered with over 200 e-wallet providers in 36 countries and regions, enabling international users to link UnionPay cards or apply for digital cards for contactless and mobile payments, mirroring the convenience enjoyed by local residents.
To further support domestic exhibitors and buyers traveling abroad, UPI has launched a CIIE-themed card in collaboration with BOC Shanghai. This card offers domestic users a 1% cashback benefit, along with exclusive discounts at brick-and-mortar merchants in 20 countries and regions, meeting the growing demands of outbound travelers.
Driving Innovation in Cross-border Trade
Beyond enhancing payment experiences for individuals, UPI is at the forefront of driving innovation in cross-border trade. Following the State Council’s approval to establish a Silk Road E-commerce Pilot Zone in Shanghai, UPI has collaborated with key industry players to develop digital payment solutions based on cross-border electronic invoices. This initiative integrates customs declaration, invoicing, and payment settlement processes into a unified digital ecosystem, fostering transparency and efficiency in global trade.
At the Silk Road E-commerce Innovation & Development Conference, held as part of CIIE on November 7, UPI signed a memorandum of understanding with Shanghai E&P International, BoComm Shanghai, and BOC Shanghai. This collaboration marks a pivotal step in aligning Shanghai with international trade standards and promoting the adoption of electronic documentation in global commerce.
Under the guidance of regulatory authorities, UPI has pioneered standardized and compliant end-to-end solutions to address the evolving needs of cross-border e-commerce. From international airfare and hotel payments to online transactions and settlements, these solutions empower businesses to embrace digital transformation, contributing to the sustainable development of global trade.
View original content:https://www.prnewswire.co.uk/news-releases/unionpay-international-powers-ciie-with-enhanced-cross-border-payment-solutions-boosting-cross-border-trade-payments-302305088.html
Fintech PR
Gentoo Media – Mandatory notification of trade
ST JULIANS, Malta, Nov. 14, 2024 /PRNewswire/ — MJ Foundation Fundacja Rodzinna, a company related to Mateusz Juroszek, Board Member and primary insider of Gentoo Media Inc. (Gentoo) has today acquired 115,604 shares in Gentoo at a price of SEK 24,996 per share. After this transaction, close associates of Mateusz Juroszek hold 24,027,766 shares in Gentoo.
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
For further information, contact:
Tore Formo, Group CFO, [email protected], +47 91668678
About Gentoo Media
Gentoo Media is a market-leading affiliate connecting operators and players in the online gambling and sports betting industry. Gentoo Media offers an array of iGaming affiliate solutions, such as paid marketing expertise and quality traffic through our prominent industry sites including AskGamblers, Time2Play, CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (formerly GiG Media) became Gentoo Media Inc. following a legal split separating the Media and Platform and Sportsbook business in Gaming Innovation Group (GiG) into two independently listed companies. Gentoo Media Inc. is dual listed on the Oslo Stock Exchange (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”). www.gentoomedia.com
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/gentoo-media-inc/r/gentoo-media—mandatory-notification-of-trade,c4066199
View original content:https://www.prnewswire.co.uk/news-releases/gentoo-media—mandatory-notification-of-trade-302305030.html
Fintech PR
Newmark Advises URW in €172.5 Million Office Sale
PARIS, Nov. 13, 2024 /PRNewswire/ — Newmark announces the firm has advised Unibail-Rodamco-Westfield (URW) in the €172.5 million sale of the 140,846 square-foot (13,085 square-meter) office portion of Les Ateliers Gaîté, a mixed-use property in the prominent Montparnasse district of Paris. Newmark Deputy Chief Business Officer Emmanuel Frénot arranged the transaction between URW and buyers Swiss Life Asset Managers and Norges Bank Investment Management.
“Advising URW on the sale of this asset, with its exceptional location and exemplary environmental approach, just a few months after the opening of our Paris office makes us particularly proud and highlights our ongoing momentum,” said Frénot. “This transaction confirms the recovery signals we have been sensing since the end of the second quarter of 2024 and suggests an increase in activity in the office segment for 2025.”
Les Ateliers Gaîté, delivered in 2022, includes around 100 retail shops, restaurants and services, as well as a hotel, offices, housing and a public library. The office space is leased long-term to coworking operator Wojo, establishing its Parisian flagship.
Newmark opened its flagship Paris office in March, hiring several of the city’s most respected brokers, including Francois Blin and Frénot to lead the team, Antoine Salmon and Vianney d’Ersu as Co-Heads of Retail Leasing, Managing Directors Jérôme De Laboulaye, Nicolas Coutant and Alexandre Gotti as President, France. The office is now home to nearly 40 leading French commercial real estate professionals, including a market-leading research team.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of over $2.6 billion. As of that same date, Newmark’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Logo – https://mma.prnewswire.com/media/1057994/Newmark_Group_Logo_v1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/newmark-advises-urw-in-172-5-million-office-sale-302304709.html
-
Fintech6 days ago
Fintech Pulse: The Latest Trends and Insights Shaping Fintech
-
Fintech2 days ago
Fintech Pulse: Industry Innovations and Partnerships Drive Global Fintech Forward
-
Fintech PR6 days ago
Converge Technology Solutions Named Solution Partner of the Year at the 2024 Ingram Micro ONE Innovation Summit
-
Fintech PR5 days ago
Manulife Investment Management aligns capabilities across regions under the newly created role of Global Emerging Market Equities CIO
-
Fintech PR6 days ago
Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market
-
Fintech PR5 days ago
Palm Jebel Ali Project Surges Ahead in 2024: Milestones Achieved in Record Time for Dubai’s Most Anticipated Development
-
Fintech1 day ago
Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation
-
Fintech PR7 days ago
DeFinity Markets Integrates Fireblocks to enable secure API Digital Asset Operations for Institutions