Chesswood Group Limited, a publicly traded North American specialty finance company, and Waypoint Investment Partners Inc., a Toronto based investment fund and private client investment manager, are pleased to announce that Chesswood and its wholly-owned subsidiary, Chesswood Capital Management Inc., have entered into a definitive agreement to acquire Waypoint. Read More
Manulife Financial Corporation today announced that it has priced a public offering in the United States of U.S.$750 million aggregate principal amount of 3.703% senior notes due 2032 at a public offering price of 100.000%. The offering was made pursuant to a preliminary prospectus supplement, dated March 14, 2022, to the Company’s registration statement declared effective by the Securities
Bottomline, a leading provider of financial technology that makes complex business payments simple, smart and secure, today announced that UK-based Hargreaves Lansdown plc, the UK’s number one investment platform for private investors, has selected Bottomline PTX to support its ‘cloud-first’ payments strategy. Read More
Visa today announced that it has completed the acquisition of Tink, an open banking platform that enables financial institutions, fintechs and merchants to create products and financial services and to transfer money. Through a single API, Tink enables its customers to make money transfers, access aggregated financial data, and use smart financial services such as risk
Oaktree and 17Capital are pleased to announce an agreement for Oaktree to acquire a majority stake in 17Capital. 17Capital specializes in providing non-dilutive capital to high-quality private equity management companies, funds and institutional investors that are seeking to finance value creation and portfolio management initiatives. Oaktree is a leader among global investment managers specializing in
The Simplicity Group, one of the nation’s leading financial products distribution businesses, today announced the acquisition of San Rafael, CA-based Optima Financial & Insurance Services. The financial services firm, with a focus on Life and Annuity products, is the 33rd company to join Simplicity. Read more
J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., Searchlight and the management ownership team of Global Risk Partners Limited, today announced that the parties have entered into an agreement to acquire the GRP insurance operations. The transaction is expected to close in the third quarter of 2022, subject to certain closing conditions,
The Western Union Company, a global leader in cross-border, cross-currency money movement and payments, announced the Company has completed the first closing of the divestiture of its Business Solutions segment to a consortium of Goldfinch Partners, LLC (“Goldfinch”) and The Baupost Group, LLC (“Baupost”) for approximately $910 million in cash. Read More
Alviere, a leading global embedded finance technology platform enabling any brand to offer a complete array of financial products and services to customers, fans, and employees, recently announced that AutoPay Plus, an automated loan payment service, offers a unique value proposition to its dealership partners across the country. AutoPay Plus offers car buyers and other consumers flexible payment
Accretive Combination with Avenida+ Will Allow Provision of End-To-End Solutions to Financial Institutions Significantly Enhances Revenue and Enables near Term Positive Net Cash Flow Further establishes Mobi724 as a leading fintech in Latin America and leverages its first-mover advantage in the fast-growing payment card market. Will accelerate Mobi724’s expansion into Latin America with an enhanced
Microsoft Store has selected the LiftForward Buy Now Pay Later (“BNPL”) subscription platform to expand financing offerings in the United States, United Kingdom, Canada, Germany, Austria, Spain, Italy, France, Poland and Benelux. In these territories, the LiftForward Platform connects various financial institutions with consumers to finance short-term BNPL solutions or longer-term financing options. The LiftForward Platform facilitates the customer experience at the point-of-sale
Built Technologies (Built), the fastest growing construction finance platform in the U.S., today announced that it is partnering with GreenState Credit Union to help it better scale its $2 billion commercial portfolio in the Midwest and support existing members more efficiently and effectively. As GreenState expands into key regional markets, including Chicago, it adopted Built’s platform to move
