VILNIUS, Lithuania, Nov. 21, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is thrilled to announce the launch of its Spot Innovation Zone, an exclusive space for trading both trending and up-and-coming tokens in the cryptocurrency ecosystem. This new initiative aims to empower BingX users with access to high-potential projects while providing a fast, secure, and efficient trading environment. The launch coincides with a positive shift in market sentiment and the growing popularity of meme-driven and innovative token concepts.

The Innovation Zone distinguishes itself through a suite of advanced and user-focused features, tailored to meet  demands of a dynamic and bullish market environment. Rapid token listings are facilitated by a professional research team operating 24/7, offering users timely access to high-potential projects. Security remains a top priority, with stringent token contract audits designed to mitigate risks and protect users’ investments. The platform also guarantees seamless transaction stability, even during peak market activity, supported by lightning-fast execution with millisecond-level processing speed. Additionally, a specialized market team works diligently to ensure low slippage, offering users optimal liquidity and an enhanced trading experience. These attributes collectively make the Spot Innovation Zone a robust platform for exploring new market opportunities effectively.

“BingX has always been committed to driving innovation and delivering user-centric solutions that cater to the evolving needs of the global crypto community,” said Vivien Lin, Chief Product Officer of BingX. “The launch of the Spot Innovation Zone reflects our dedication to staying at the forefront of market trends and enabling our users to seize opportunities. By offering timely access to trending tokens, including those rooted in emerging concepts like DeSci, we ensure that users are well-positioned to engage with high-potential projects. For instance, tokens such as $RIF and $URO, which were listed in our Innovation Zone, have seen remarkable performance after listing. This demonstrates our ability to identify and capture market hotspots effectively.”

With the launch of the Spot Innovation Zone, BingX once again demonstrates its commitment to innovation and adaptability within the cryptocurrency industry. Following the success of its Spot MEME Zone, which continues to attract significant attention and provide substantial opportunities for users, BingX solidifies its position as a leader in identifying and capitalizing on emerging trends. Notably, MEME Zone tokens like $GOAT and $PNUT have experienced remarkable price surges since listing, offering users exciting opportunities for growth. The Spot Innovation Zone builds on this momentum, further empowering users to engage with trending tokens in a secure, efficient, and dynamic environment. As BingX broadens its offerings, it remains steadfast in its mission to equip its global user base with the tools, insights, and resources needed to make informed decisions and optimize their trading strategies in the rapidly evolving crypto landscape.

About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

Photo – https://mma.prnewswire.com/media/2564509/20241121_150700.jpg
Logo – https://mma.prnewswire.com/media/2310183/BingX_logo_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bingx-launches-spot-innovation-zone-to-capture-opportunities-in-bullish-markets-302312893.html

BEVERLY HILLS, Calif., Nov. 21, 2024 /PRNewswire/ — Levine Leichtman Capital Partners (“LLCP”) is pleased to announce the closing of a $575 million multi-asset continuation fund transaction. LLCP LMM Acquisition Fund, L.P. was formed to acquire interests in three portfolio companies – Blue Ridge Associates, Milton Industries and Resolution Economics – from LLCP Lower Middle Market Fund, L.P. (“LMM II”). Hamilton Lane (Nasdaq: HLNE) acted as lead investor and was supported by a diverse syndicate of institutional investors.

The transaction is designed to provide more time and additional capital to assist each portfolio company in achieving its growth potential while offering a liquidity option to LMM II LPs interested in crystallizing performance across the portfolio. LMM II will be fully realized upon completion of the transaction.

Michael Weinberg, Managing Partner, and Andrew Schwartz, Partner, at LLCP, said, “We are appreciative of Hamilton Lane’s support and are excited to continue our partnership with the management teams of Blue Ridge Associates, Milton Industries, and Resolution Economics. We’re proud of the success each of these companies has achieved and are strong believers in their future prospects. With this transaction, we are happy to deliver full liquidity on an accelerated basis to our investors and fully-realize LMM II.”

Ryan Smith, Managing Director on the Secondary Investment Team at Hamilton Lane, said, “We are excited to support these high-quality LLCP portfolio companies in their next stage of growth. This transaction highlights Hamilton Lane’s unique value as a strategic partner, providing scale, expertise and experience to facilitate compelling solutions for GPs and LPs alike.”

The three assets in the LLCP Continuation Fund (“CV Portfolio”) include:

• Blue Ridge Associates, a leading provider of technology enhanced solutions and services for the administration and recordkeeping of ESOPs and associated 401(k) plans. The company’s comprehensive service offerings and highly experienced professional administrators address the complex and mission-critical needs of ESOP and other qualified retirement plans, which have provided the company with a reputation as one of the highest-quality service providers in the market.
• Milton Industries, a leading provider of highly-engineered products for pneumatic and hydraulic applications across diverse end markets including vehicle services, industrial maintenance, repair and operation (MRO), military/aviation, agriculture and other sectors. The company has thousands of customers and a broad portfolio of products including couplers, gauges, chucks, blow guns, filters, regulators, lubricators, hoses and fittings, specialty tools and fluid management equipment.
• Resolution Economics, a specialty consulting firm that provides economic and statistical analysis as well as expert testimony and other compliance services to leading law firms and corporations in labor & employment and commercial litigation matters. The company specializes in highly complex class action lawsuits and, as such, employs a highly specialized workforce.

Robert W. Baird & Co. served as exclusive financial advisor to LLCP and Kirkland & Ellis, LLP provided legal counsel to LLCP on the transaction.

About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 40-year track record of investing across various targeted sectors, including Business Services, Franchising & Multi-unit, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.

LLCP’s global team of dedicated investment professionals is led by 10 partners who have worked at LLCP for an average of 20 years. Since inception, LLCP has managed approximately $15.2 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $9.0 billion of assets and has offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt. For more information, please visit www.LLCP.com.

About Hamilton Lane
Hamilton Lane is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 730 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has more than $947 billion in assets under management and supervision, composed of more than $131 billion in discretionary assets and approximately $816 billion in non-discretionary assets, as of September 30, 2024. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit www.HamiltonLane.com.

Contact: Cathy Thomas; [email protected]

Logo – https://mma.prnewswire.com/media/2349427/LLCP_Logo.jpg

Advertisement

View original content:https://www.prnewswire.co.uk/news-releases/llcp-announces-the-successful-close-of-575-million-multi-asset-continuation-fund-302312466.html

• Leading industrial hub inks landmark MoU with Siemens to nurture industry advancement as it marks two decades of enriching Dubai’s and the UAE’s economic landscape
• Customer numbers grow 11.5% year-on-year to exceed 1,100 businesses while operational factories increase 16% to surpass 350
• One of TECOM Group PJSC’s 10 business districts, the hub is actively contributing to the long-term visions of Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’
• Dubai Industrial City enriches industrial innovation and sustainability with customers generating over 70 megawatts of clean energy annually

DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — Dubai Industrial City celebrates its 20^th anniversary as the Middle East’s leading manufacturing and logistics hub demonstrating the collaborative power of the public and private sectors.

One of TECOM Group PJSC’s 10 vibrant business districts, Dubai Industrial City was unveiled in November 2004 to foster economic diversification and industrial innovation in Dubai and beyond. Commemorating two decades of collective success, Dubai Industrial City hosted a gala dinner at Jumeirah Emirates Towers attended by senior officials including Her Excellency Eng. Alia Abdul Rahim Al Harmoudi, Assistant Under-Secretary for the Sustainable Communities Sector at the Ministry of Climate Change and Environment (MOCCAE), His Excellency Ahmed Al Naqbi, CEO of Emirates Development Bank (EDB), Abdulla Belhoul, CEO of TECOM Group PJSC, and Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group, to chart a roadmap for the industry’s future growth.

For more than 20 years, Dubai Industrial City has nurtured a thriving ecosystem of globally renowned manufacturing giants, with its ecosystem expanding by 11.5% in the year to end-September 2024 to exceed 1,100 local, regional, and international businesses, including Unilever, A P Moeller Maersk, Patchi, and Al Barakah Dates. The district’s workforce now exceeds 17,000 professionals, a year-on-year increase of 13% during the first nine months of this year, with its number of operational factories rising 16% during the same period to more than 350.

“Dubai Industrial City was founded on a strategic vision to cement the UAE’s and Dubai’s position as a global manufacturing powerhouse, and over the past 20 years, we have delivered on that promise,” said Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group on behalf of Dubai Industrial City. “Our thriving ecosystem serves as a single-window gateway for global growth and sustainable development to nurture industrial excellence that elevates the ‘Made in UAE’ brandmark on the world stage.

“Dubai Industrial City’s legacy is embodied by the success of more than 1,100 local, regional, and international customers and over 350 operational factories that, from our district, are directly contributing to a more resilient manufacturing sector. We will continue to nurture advancements in the industrial sector and prime it for long-term growth in line with the vision of Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’.”

Partner for global impact

Reaffirming its commitment to nurturing industry excellence for long-term sustainable development, Dubai Industrial City announced a memorandum of understanding (MoU) with global technology company Siemens.

The MoU will facilitate cooperation between the district and Siemens in areas including Industrial Technology Transformation Index (ITTI) Assessments. Dubai Industrial City’s customers will receive insights on digitalisation, sustainability, and operational efficiencies through ITTI Assessments conducted under the UAE’s Ministry of Industry and Advanced Technology (MoIAT) as part of the MoU.

The partnership will also provide Dubai Industrial City’s community access to Siemens’ Green Lean Digital Factory Roadmaps and Greenfield Digital Factory Planning services to enhance the competitiveness of factories within the district and gear them for enhanced sustainability. Siemens will also support Dubai Industrial City in areas including training and capacity building, as well as sustainability enhancement support, reaffirming the district’s commitment to advance Dubai’s and the UAE’s manufacturing sectors.

Advertisement

Nurturing industry advancement

Dubai Industrial City is growing as it attracts an increasing number of global manufacturers, with 13.9 million sq.ft. of industrial land added this year alone. Over the past two years, Dubai Industrial City has attracted over AED 2 billion in private sector investment, and recently signed a musataha agreement each for MD Pharma Factory’s AED 130 million pharmaceutical facility and OZON Pharmaceuticals’ AED 293 million manufacturing hub at the district. Silver Line Gate Group also broke ground on an AED 200 million integrated facility at Dubai Industrial City this October.

Strategically located close to global trade routes including Jebel Ali Port, Al Maktoum International Airport, the Dubai Industrial City Etihad Rail freight terminal, and critical national and regional road systems, Dubai Industrial City offers end-to-end connectivity to ensure seamless operations for a diverse range of customers. The district offers six sector-specific zones – dedicated to manufacturers of base metals; machinery; minerals; food and beverage; transport; and chemicals – that are designed for efficiency, helping to minimise waste and promote a circular economy.

Manufacturing brilliance

As Dubai remains the global leader for attracting greenfield foreign direct investments (FDI) and the newly launched National Investment Strategy 2031 seeks to triple the UAE’s cumulative FDI balance to AED 2.2 trillion by 2031, sectors such as manufacturing, logistics, and storage will remain a promising avenue for economic growth. In the second quarter of this year alone, Dubai’s manufacturing sector was valued at AED 10.6 billion, contributing 9.1% of Dubai’s GDP worth AED 116 billion during the period. The transport and storage sector, valued at AED 15.85 billion, comprised 13.6% of the city’s GDP.

Dubai Industrial City is aligned with Operation 300bn and Make it in the Emirates and encourages investors, innovators, and developers to leverage the favourable manufacturing environment. It is also supportive of Dubai Economic Agenda ‘D33’, which is creating new opportunities for manufacturing sector growth as Dubai continues to strengthen its diversified economic base. Dubai Industrial City’s unites these visions with customer efforts through its Make Brilliance global awareness campaign to link manufacturers and industry leaders from around the world in Dubai. Make Brilliance was launched in May 2023 as Dubai Industrial City entered strategic partnerships with MoIAT, MOCCAE, EDB, and Dubai Department of Economy and Tourism (Dubai DET) to promote advanced manufacturing in Dubai and the UAE.

Dubai Industrial City’s ecosystem also demonstrates its commitment to innovation and sustainability, with the co-location of global giants at the district fostering collaborations to close the loop for a circular economy. Their contributions are supported by Dubai Industrial City’s efforts to encourage the adoption of renewable energy, with its customers generating over 70 megawatts of clean energy annually.

The district’s 20^th anniversary celebrations included recognition for achievements that embody the ethos of Make Brilliance, including its Strategic Partners such as MoIAT, MOCCAE, EDB, Dubai DET, Dubai Development Authority, Dubai Land Department, Dubai Civil Defence, and Dubai Police. International Humanitarian City was recognised for its Brilliance in Humanitarian Support by Dubai Industrial City, while Al Khayyat Investments, Dubatt Battery Recycling, and Neelkanth Cables were recognised for Brilliance in Logistics, Sustainability Leadership, and New Avenues, respectively. Unilever and Standard Carpets both received accolades for Brilliance in Innovation.

Such customers are among Dubai Industrial City’s community of globally accomplished leaders that has been the mainstay of manufacturing excellence in the Middle East for more than 20 years. The region’s leading industrial hub offers world-class infrastructure, including land, storage, and logistics spaces.

Dubai Industrial City is part of TECOM Group’s portfolio of business destinations that include Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Design District (d3), and Dubai Science Park.

Advertisement

Photo: https://mma.prnewswire.com/media/2564500/Dubai_Industrial_City_TECOM_Group.jpg

View original content:https://www.prnewswire.co.uk/news-releases/dubai-industrial-city-marks-20-years-of-advancing-middle-easts-manufacturing-and-logistics-sectors-302312852.html