Connect with us
European Gaming Congress 2024

Fintech PR

EQT Welcomes Sixth Street as Strategic Investor in EdgeConneX

Published

on

eqt-welcomes-sixth-street-as-strategic-investor-in-edgeconnex
  • 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] 

Advertisement

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

The following files are available for download:

https://mb.cision.com/Main/87/4041985/3017133.pdf

Press Release_Infra IV, Infra V, EdgeConneX, 242409

https://news.cision.com/eqt/i/ecx-everest-image,c3336515

ECX Everest Image

 

View original content:https://www.prnewswire.co.uk/news-releases/eqt-welcomes-sixth-street-as-strategic-investor-in-edgeconnex-302256956.html

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

LET IT RAIN DIAMONDS: DAR GLOBAL AND MOUAWAD HIGH JEWELLERY HOUSE UNVEIL SAR 880 MILLION LANDMARK RESIDENTIAL PROJECT

Published

on

let-it-rain-diamonds:-dar-global-and-mouawad-high-jewellery-house-unveil-sar-880-million-landmark-residential-project

LONDON, Sept. 24, 2024 /PRNewswire/ — Dar Global (LSE: DAR), the London-Stock Exchange listed international real estate company, has entered into a landmark partnership with Mouawad, the luxury jeweler, to launch a unique SAR 880 million (GBP 180 million) residential project close to World Expo 2030 in the North of Riyadh. The high-profile collaboration represents Dar Global’s debut in the Saudi market, a significant milestone in the company’s international expansion strategy. The project also marks Mouawad’s planned move into the luxury residential sector, where it will apply its reputation as a leader in refined craftsmanship to expand its operations into new frontiers.

 

 

Set for handover in Q4 of 2026, the luxury development of 200 residential villas will become one of Riyadh’s most prestigious addresses, bringing together the expertise of Dar Global, known for its innovative approach to high-end real estate, and Mouawad’s legacy of creative and artistic mastery.

Owners of residential properties worth 4 million Saudi Riyals and above are granted eligibility to Real Estate Owner Residency under the Saudi Premium Residency program. The program, coupled with co-branded luxury real estate offerings have increased the Kingdom’s appeal to international investors, and further enhance Riyadh’s status as an emerging global destination for luxury living.

Ziad El Chaar, CEO of Dar Global, said: “This is a proud moment for Dar Global as we bring our international expertise and high standards of living to the Saudi market. Our partnership with Mouawad, a brand synonymous with diamonds, luxury and artistic craftsmanship, is an embodiment of our shared vision to offer a unique, globally-inspired living experience in Riyadh. We aspire for this project to stand as a benchmark of luxury and elegance, much like the renowned Bulgari Residences. It underscores our commitment to enhancing the Kingdom’s real estate offering with developments that stand at the intersection of modernity, elegance, and timeless design.”

Pascal Mouawad, Fourth Generation Co-Guardian of Mouawad, commented: “For more than a century, Mouawad has long been a hallmark of luxury and enduring elegance. Our collaboration with Dar Global enables us to expand our legacy into the realm of branded residences, infusing our unique identity into prestigious developments around the world. We believe this milestone will set a new standard for luxury living in the real estate market.”

Photo: https://mma.prnewswire.com/media/2514267/Dar_Global_Mouawad.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/let-it-rain-diamonds-dar-global-and-mouawad-high-jewellery-house-unveil-sar-880-million-landmark-residential-project-302257271.html

Advertisement
Continue Reading

Fintech PR

MORPHOSE ADVISES ON ACQUISITION OF PROPERTY MAINTENANCE SPECIALIST TURNPOWER BY ANDWIS

Published

on

morphose-advises-on-acquisition-of-property-maintenance-specialist-turnpower-by-andwis

LONDON, Sept. 24, 2024 /PRNewswire/ — Morphose Capital Partners, London-based specialist in mergers and acquisitions, corporate restructuring and finance, is pleased to announce the acquisition of commercial property maintenance specialist Turnpower by Andwis. Morphose acted as advisor to Turnpower throughout, identifying the acquiring partner, and helping negotiate and structure exit terms.

Turnpower provides commercial property maintenance services in the London and Home Counties area, with an impressive roster of retail, healthcare, hospitality and leisure, commercial and social housing clients. It has grown based on offering efficient, high-quality property maintenance services across all construction industry disciplines. Key to its success is its investment in high calibre training and direct employment of skilled technicians and engineers who can be rapidly deployed to respond to emergencies.  Further, its investment in smart software has provided it with the ability to track technicians and the progress of repairs, so the right technicians can be deployed quickly in an emergency and provide an up-to-date and accurate report to clients on progress.

Turnpower appointed Morphose Capital Partners to advise on a potential acquisition, engaging them to identify purchasing companies and to help negotiate and advise on deal structure and earnout terms. 

Managing Director of Turnpower, Paul Gomez comments, “It’s been a pleasure working with M&A specialist Morphose Capital Partners, their outstanding knowledge, personal approach and level of support and advice have been pivotal to achieving this outcome. We’re thrilled to have joined the Andwis group of companies, and are excited to embark on our next stage of growth together. We’ve full confidence that our combined workforce and skilled technicians, technologies and geographic reach will further enhance our levels of service and breadth of offerings to our loyal and valued clients.”

Dave Seaton, Director at Morphose Capital Partners adds, “it’s been a real pleasure working with all parties to achieve an incredibly positive result. We’ve every confidence that Turnpower will help Andwis further grow its client footprint, diversify its services and that the combined entity will thrive off the very real synergies.”

“I’m delighted to welcome Paul and the Turnpower team into the Group,” says Paul Greenwood, CEO of Andwis. “Turnpower has built an incredible reputation with customers and is known for its quality, responsiveness and customer focus. Our Maintenance & Response offering has a bright future with Paul as divisional MD and the Turnpower team doing what they do best.”

About Morphose Capital Partners

Morphose Capital Partners specialises in mergers and acquisitions, corporate finance and restructuring with unique sector expertise in Insurance, Defence and National Security, Health and Wellbeing Services, Facilities Management, Recruitment and Technology.  Established in 2008, Morphose works with clients to identify and pursue the best strategic buy and sell-side match for M&A.  The Morphose advisory team is led by current and former business owners with deep market knowledge and first-hand experience of the M&A process enabling them to provide practical, insightful and informed advice to other business owners.

Morphose Capital Partners is the trading name of Morphose Ltd. Morphose Ltd is authorised and regulated by the Financial Conduct Authority. 

For further Information please visit www.morphose.co.uk

Advertisement

View original content:https://www.prnewswire.co.uk/news-releases/morphose-advises-on-acquisition-of-property-maintenance-specialist-turnpower-by-andwis-302257256.html

Continue Reading

Fintech PR

Trade Finance Software Market Size to Grow USD 9893.6 Million by 2030 at a CAGR of 3.1% | Valuates Reports

Published

on

trade-finance-software-market-size-to-grow-usd-98936-million-by-2030-at-a-cagr-of-3.1%-|-valuates-reports

BANGALORE, India, Sept. 24, 2024 /PRNewswire/ — Trade Finance Software Market is Segmented by Type (Cloud, On-Premise), by Application (Banks, Traders): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Trade Finance Software market was valued at USD 8014 Million in 2023 and is anticipated to reach USD 9893.6 Million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.

Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-12K8038/Global_Trade_Finance_Software_Market 

Major Trends:

The Trade Finance Software market is experiencing robust growth, fueled by the increasing digitization of global trade operations and the need for enhanced automation in banking and financial institutions. The demand for efficient software solutions to streamline processes such as payment management, compliance, and risk mitigation is driving market expansion. Additionally, the rise of blockchain technology and artificial intelligence in trade finance solutions is revolutionizing the way transactions are processed, offering greater transparency and security. Growing cross-border trade activities and the push for digital platforms to enhance operational efficiency further contribute to the market’s upward trajectory.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-12K8038/global-trade-finance-software

TRENDS INFLUENCING THE GROWTH OF THE GLOBAL TRADE FINANCE SOFTWARE MARKET:

Cloud technology is significantly boosting the trade finance software market by providing scalable, efficient, and secure solutions. Cloud-based trade finance platforms enable real-time collaboration between banks, traders, and financial institutions, improving transparency and reducing transaction time. This adaptability has led to a surge in demand for cloud-based solutions as they help streamline operations and lower costs for trade finance processes. The flexibility and accessibility of cloud-based platforms are driving their adoption, particularly in the post-pandemic era, where remote access and digital workflows have become essential for business continuity.

Banks are at the forefront of driving the trade finance software market as they modernize their systems to improve efficiency and customer service. With increasing regulatory pressures and the need to reduce fraud, banks are adopting trade finance software that offers secure, automated, and compliant solutions. This software helps banks streamline their trade finance operations, ensuring quicker processing times and improved accuracy. As global trade volumes rise, banks’ reliance on advanced trade finance software to manage complex transactions has significantly increased, contributing to market growth.

Traders are playing a pivotal role in driving the adoption of trade finance software, seeking tools that enhance efficiency in managing global trade operations. Modern trade finance software provides traders with the ability to track, manage, and execute cross-border transactions seamlessly. The need for faster documentation, improved risk management, and compliance with international trade regulations has prompted traders to invest in software solutions that optimize these processes. As global trade grows more complex, traders’ reliance on digital tools is becoming essential, driving the demand for trade finance software.

Advertisement

The shift toward paperless trade is accelerating the growth of the trade finance software market. Traditional trade finance processes are often cumbersome, involving significant paperwork that slows down transactions. However, digital trade finance platforms eliminate the need for physical documents by enabling electronic submission and verification of trade documentation. This not only speeds up transactions but also reduces the risk of errors and fraud. As businesses prioritize faster, more efficient trade processes, the demand for paperless trade solutions is driving the market forward.

The rising complexity of global trade has led to stricter compliance requirements, which are driving the adoption of trade finance software. Regulatory bodies are imposing stringent rules to combat money laundering, fraud, and other financial crimes. Trade finance software helps businesses comply with these regulations by offering automated compliance checks, real-time monitoring, and detailed audit trails. As companies seek to avoid regulatory penalties, the demand for software solutions that simplify compliance processes is rising, contributing to market growth.

Automation is playing a critical role in the trade finance software market as businesses look to improve efficiency and reduce costs. Manual trade finance processes are time-consuming and prone to errors, while automated systems streamline these processes, ensuring faster transaction times and improved accuracy. The integration of artificial intelligence and machine learning into trade finance software is further enhancing automation, allowing for real-time analysis and decision-making. As businesses embrace automation to stay competitive, the market for trade finance software is expanding.

Trade finance transactions involve large sums of money and are often targets for fraud. As a result, the need for enhanced security features in trade finance software is driving market growth. Modern trade finance platforms offer advanced encryption, multi-factor authentication, and blockchain technology to ensure the security of transactions. These features help prevent fraud and ensure the integrity of trade documents, making them essential for businesses involved in international trade. The demand for secure trade finance solutions is expected to grow as companies seek to protect themselves from financial crime.

Buy Now: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-12K8038&lic=single-user

TRADE FINANCE SOFTWARE MARKET SHARE ANALYSIS:

The trade finance software market is experiencing significant growth across regions, with Asia-Pacific leading the charge due to its high volume of cross-border trade and rapid adoption of digital trade solutions. North America and Europe are also key markets, driven by the increasing demand for automation, compliance, and security in trade finance. In regions like the Middle East and Africa, the market is growing as businesses invest in trade finance software to improve international trade capabilities. Latin America is also showing growth potential due to the rise of SMEs engaging in global trade.

Key Companies:

  • AWPL
  • BT Systems, LLC.
  • CGI
  • China Systems
  • Comarch SA
  • Finastra
  • IBSFINtech
  • ICS FINANCIAL SYSTEMS LTD
  • MITech – Make Intuitive Tech SA
  • Newgen Software Technologies Ltd.
  • Persistent Systems
  • Surecomp
  • Oracle
  • Intellect Design
  • BELLIN
  • SAP

Purchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-12K8038/Global_Trade_Finance_Software_Market 

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

Advertisement

DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  The Trade Finance Market was estimated to be worth USD 8014110 Million in 2023 and is forecast to a readjusted size of USD 11631260 Million by 2030 with a CAGR of 5.4% during the forecast period 2024-2030

–  Trade Finance Services market was valued at USD 4523 Million in 2023 and is anticipated to reach USD 6541.2 Million by 2030, witnessing a CAGR of 5.5% during the forecast period 2024-2030.

–  Trade Finance Tools and Instruments Market

–  Trade Finance Automation Software Market

–  International Trade Finance Market

–  Trade Finance Solutions Market

–  Blockchain In Trade Finance and Credit Insurance Market

–  Financial Guarantee Market

–  Trade Surveillance System Market

Advertisement

DISCOVER OUR VISION: VISIT ABOUT US!

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs. To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

YOUR FEEDBACK MATTERS: REACH OUT TO US!

Valuates Reports
[email protected]
For U.S. Toll-Free Call
1-(315)-215-3225
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Blog: https://valuatestrends.blogspot.com/
Pinterest: https://in.pinterest.com/valuatesreports/ 
Twitter: https://twitter.com/valuatesreports 
Facebook: https://www.facebook.com/valuatesreports/
YouTube: https://www.youtube.com/@valuatesreports6753
https://www.facebook.com/valuateskorean
https://www.facebook.com/valuatesspanish 
https://www.facebook.com/valuatesjapanese 
https://valuatesreportspanish.blogspot.com/ 
https://valuateskorean.blogspot.com/ 
https://valuatesgerman.blogspot.com/ 
https://valuatesreportjapanese.blogspot.com/ 

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg 

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/trade-finance-software-market-size-to-grow-usd-9893-6-million-by-2030-at-a-cagr-of-3-1–valuates-reports-302257248.html

Continue Reading

Trending