
TAURANGA, New Zealand--(BUSINESS WIRE)--Dec 19, 2024-- Craigs Investment Partners (“Craigs” or “the Firm”), a leading wealth management firm in New Zealand, today announced that TA Associates (“TA”), a leading global private equity firm, has signed a conditional agreement to make a strategic investment in the Firm. Under the agreement, Craigs’ existing employee and director shareholders will retain 50 percent ownership of the Firm, partnering closely with TA. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241218087239/en/ “TA is an ideal partner to support Craigs’ growth ambitions and ongoing commitment to client outcomes given its significant global experience investing in wealth management, and its strong understanding of the regional market,” said Simon Tong, CEO of Craigs. “Craigs and TA are aligned on a client-first philosophy and the importance of a personalized approach to wealth management. Client outcomes remain our top priority, and there will be no change in the people or our approach to providing outstanding service to our clients.” The partnership between Craigs and TA aims to further enhance Craigs’ position as a leader in the New Zealand wealth management market while enabling its continued expansion. Leveraging over 50 years of experience helping high-quality companies grow, TA will provide deep industry knowledge, strategic resources and a robust global network to accelerate Craigs’ growth strategy. “This is an exciting opportunity that connects our local team with TA’s extensive global experience in wealth management, supporting our ability to deliver enhanced outcomes for clients in an increasingly dynamic environment. Access to TA’s international network, best practices and insights will help us elevate our services while maintaining the personalised approach that sets us apart,” Tong continued. “Over the past 40 years, Craigs has established itself as one of the largest and most respected wealth management firms in New Zealand, offering a comprehensive range of personalised wealth advice and services to its clients,” said Edward Sippel, head of TA Associates Asia Pacific Ltd. and a Managing Director at TA. “We deeply respect this history and are honoured to support the Firm’s continued growth strategy and commitment to delivering best-in-class client outcomes.” “TA has a long history of partnering with world-class wealth managers like Craigs,” said Lily Xu, Vice President at TA. “We are excited to collaborate with the entire Craigs team to expand the Firm’s reach, continue enhancing its service offerings, and explore strategic M&A opportunities.” The agreement remains subject to certain approvals being obtained, including Court approval, Craigs’ shareholder approval and Overseas Investment Office (‘OIO’) consent. Settlement is expected to occur late in the first quarter of 2025. Financial terms were not disclosed. Craigs Investment Partners Limited is a NZX Participant firm. Craigs Investment Partners Limited’s Financial Advice Provider Disclosure Statement can be viewed at craigsip.com/terms-and-conditions . Please visit craigsip.com for more information on Craigs Investment Partners financial advice services. About Craigs Investment Partners (Craigs) Craigs Investment Partners is one of New Zealand's largest investment advisory firms, offering bespoke solutions to both private investors and corporate clients. Craigs provides the complete breadth of private client and wealth management services including investment advice and management, securities trading, research, cash management, institutional dealing, and investment banking. Craigs has over 180 qualified Investment Advisers, servicing over 65,000 private wealth investors across 19 branches in New Zealand. Craigs has a team of 650 employees, $32 billion in funds under advice (“FUA”), and is currently 100% owned by employee and director shareholders. www.craigsip.com About TA Associates (TA) TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and businesses services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has more than 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241218087239/en/ CONTACT: For more information, please contact: Craigs Investment Partners:Tania Bui |tania.bui@craigsip.com TA Associates:Maggie Benoit |mbenoit@ta.com KEYWORD: AUSTRALIA/OCEANIA NEW ZEALAND ASIA PACIFIC INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Craigs Investment Partners Copyright Business Wire 2024. PUB: 12/19/2024 04:38 PM/DISC: 12/19/2024 04:36 PM http://www.businesswire.com/news/home/20241218087239/en Copyright Business Wire 2024.
Geneva, Switzerland, Dec. 19, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced that it has completed a registered direct offer to several institutional investors of 13,157,896 ordinary shares at a public offering price of $1.90, for gross proceeds of $25.0 million (the "Offering”), before deducting commissions and offering expenses. This brings the total gross proceeds from financings completed this week to $60.0 million, before deducting commissions and offering expenses. The Company confirms that, given the terms of the financings completed in the last week, it does not currently expect to enter into any further registered direct offering of ordinary shares for at least the next 60 days as a result of the funds raised. Maxim Group LLC acted as the sole placement agent for the Offering. SEALSQ currently intends to utilize the net proceeds from the Offering to fund the deployment of its next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, to support working capital and for general corporate purposes. Carlos Moreira, CEO of the SEALSQ, said, "We are delighted to have secured this financing, which enables us to focus on advancing our quantum strategy, particularly the development and market launch of our post-quantum chips. The funds raised over the past week will significantly support the achievement of our strategic goals. As we move into the new year, we look forward to sharing further details on the Company's next steps.” The securities described above were offered by the Company pursuant to an effective shelf registration statement on Form F-3 (File No. 333-283358) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission ("SEC”) on November 27, 2024. A prospectus supplement relating to the securities issued in, and describing the terms of, the Offering was filed by the Company with the SEC. Copies of the prospectus supplement relating to the Offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at [email protected] or by telephone at (212) 895-3745. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About SEALSQ: SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, Medical and Healthcare and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems. Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, please visit www.sealsq.com. Forward Looking Statements This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to implement its growth strategies; SEALSQ's ability to successfully launch post-quantum semiconductor technology; SEALSQ's ability to capture a share of the quantum semiconductor market; the growth of the quantum computing market; SEALSQ's ability to expand its U.S. operations; SEALSQ's ability to make additional investments towards the development of a new generation of quantum-ready semiconductors; SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; the growth of the quantum computing market; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC. SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise. Press and Investor Contacts SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 [email protected] SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 / [email protected] Katie Murphy Tel: +212 836-9612 / [email protected]
I’m obsessed with period dramas – viewers saying Wolf Hall is ‘boring and slow’ are wrong, here’s whyThree individuals tragically lost their lives on Sunday when Google Maps directed their vehicle off an incomplete bridge , according to officials. The victims were en route from Bareilly to Dataganj in the Badaun district of Uttar Pradesh, India. The fatal incident took place around 10 a. m. Sunday on the Khalpur-Dataganj road, where the victims' vehicle plunged into the Ramganga River. Earlier this year, floods had caused the front part of the bridge to collapse into the river, but Google Maps had not been updated to reflect this change. Investigations revealed that the GPS had guided the vehicle towards the damaged section of the bridge, and the driver, unaware of the danger , drove onto it. Heart-stopping moment semi-truck crashes off Indiana bridge as driver's life hangs in the balance Baby girl left orphaned after entire family killed in horror crash on New Year's Eve Local Circle Officer Ashutosh Shivam pointed out that the lack of safety barriers or warning signs near the under-construction bridge also contributed to the severity of the incident. The car was reportedly traveling at high speed before it plummeted into the river. Law enforcement units from the Dataganj police station in Badaun, Bareilly, and Faridpur swiftly arrived at the scene and began the grim task of retrieving the bodies and the vehicle from the water, Shivam reported. Click here to follow the Mirror US on Google News to stay up to date with all the latest news, sports and entertainment stories The identities of the victims are yet to be confirmed. The incident is currently under investigation while post-mortem examinations are carried out on the bodies. DAILY NEWSLETTER: Sign up here to get the latest news and updates from the Mirror US straight to your inbox with our FREE newsletter.
91 nonprofits ready for Cattaraugus Gives on Giving TuesdayLast week, eight of the top-10 most valued domestic firms together added Rs 1,55,603.45 crore in market valuation. HDFC Bank and Tata Consultancy Services emerged as the biggest gainers, in tandem with firm trend in equities. Reliance Industries and Life Insurance Corporation of India (LIC) were the laggards. Advertisement In a rank-wise analysis, Reliance Industries remained the most valued domestic firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, Hindustan Unilever and LIC. The valuation of HDFC Bank jumped Rs 40,392.91 crore to Rs 13,34,418.14 crore while ICICI Bank soared Rs 16,266.54 crore to Rs 9,01,866.22 crore. The market capitalisation (mcap) of Hindustan Unilever climbed Rs 13,239.95 crore to Rs 5,74,569.05 crore and that of ITC zoomed Rs 11,508.91 crore to Rs 5,94,272.93 crore. IT giants Infosys surged Rs 16,189.33 crore to Rs 7,90,151.83 crore and the Tata Consultancy Services (TCS) added Rs 36,036.15 crore to Rs 15,36,149.51 crore in its valuation. State Bank of India rallied Rs 10,709.55 crore to Rs 7,28,293.62 crore. However, the valuation of LIC declined Rs 11,954.24 crore to Rs 5,62,545.30 crore. Bharti Airtel’s mcap went up Rs 11,260.11 crore to Rs 8,94,068.84 crore. The mcap of Reliance Industries dipped Rs 2,368.16 crore to Rs 17,13,130.75 crore. On Frdiay, the stock market posted strong gains recording their biggest single-day gains in over five months amid buying across sectors. At close, the Sensex was up 1,961.32 points or 2.54% at 79,117.11, and the Nifty was up 557.35 points or 2.39% at 23,907.25. Advertisement
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St. Petersburg council approves $23M repair to hurricane-ravaged Tropicana Field roofAP News Summary at 9:52 a.m. ESTAP News Summary at 9:52 a.m. ESTFMC Corporation announces date for fourth quarter 2024 earnings release and webcast conference call
A man who said he is a polytechnic graduate has been seen in the streets hustling as a wheelbarrow pusher The man said he graduated from the Federal Polytechnic, Nekede, Imo state and had proceeded to work as banker However, things took a negative turn when he was retrenched by the bank, and he took to the streets to push wheelbarrow CHECK OUT: Education is Your Right! Don’t Let Social Norms Hold You Back. Learn Online with LEGIT. Enroll Now! A man who graduated from the Federal Polytechnic, Nekede, Imo state has become a wheelbarrow pusher. The man shared his ordeal in a video circulating on TikTok . He said he had previously worked as a banker. In the video posted by Chidiebube Okeoma , the man said he studied accountancy in Nekede. According to him, after his studies in Nekede, he proceeded to work at a bank. PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! He said he was working as an ad hoc staff member for the bank and was told he would be converted into a permanent employee. Read also Nigerian man who moved to Lagos with N300k savings gets car, makes it after 1 year He said he was never converted to a permanent staff, but he was among the people who got retrenched by the bank. Things took a downward trend for him after he was sacked, and he had no option but to start pushing a wheelbarrow. Watch the video below: Reactions as graduate becomes a wheelbarrow pusher @master ejeh said: "See person way study my course." @big juddy said: "Olololo. And I Dey final year for same nekede Dey study Accountancy." @Frank White said: "School nah scam. I sha dey 400l." @Fabian_Francis said: "To be honest, if you don't have a connection and didn't study a Medical/health course in Nigeria. 90% graduate are regretting." @awaamoney said: "Nigerian education system na rubbish.. As a Nigerian make school be your second choice but still go school sha." @ArthurNzeribeTheory said: "If you don't learn any handwork in Nigeria as a graduate, you will know the reason why Nigeria's national anthem ended so help me o God." Read also Verydarkman: Oba Solomon throws shades amid VDM's NGO missing N180m, composes song, Nigerians react Lady who studied engineering passes all courses Meanwhile, a Nigerian lady graduated with a semester GPA of 5.0 after recording straight A's in all her university courses. The lady, Ifeoluwa Ajetumobi, studied engineering, and she cleared all final year courses, including her project, with distinctions. Ifeoluwa said her mother was overwhelmed with joy when she saw her excellent academic performance in school. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ngFederal Agricultural Mortgage Corp director sells $307,040 in stock