Archive for the ‘Financial’ Category

HGGC – Investors in Today’s Economy

Monday, November 26th, 2018

Backstory

HGGC is a middle-tier private equity investment company started in 2007 and based in Palo Alto, California. The company’s CEOs and co-founders, Rich Lawson and Steve Young. RPX founded in 2008 is a risk management solutions company started by John Amster, Geoffrey Barker, and Eran Zur. In May 2018, RPX announced that HGGC acquired it.

The Acquisition

In May 2018, RPX announced that the private equity firm HGGC would acquire it for $555 million, a transaction that would be done through cash-in-hand.HGGC will then sell RPX shares for $10.50 as a tender agreement. The agreement was discussed and approved by RPX Board of Directors. The Chairperson of the board, Shelby Bonnie, claimed the valued decision was made to benefit RPX shareholders.

In October 2018, this firm announced that it would be merging Mi9 retail, a well-known provider of omnichannel retail solutions and one of their portfolio companies, MyWebGrocer, a digital grocery media company, and Consumer Packaged Goods. Mi9, being the lead beneficiary in this merge. The combining power will open retail doors globally. With retailers such as Nike, Levi’s and Shop Rite. The merger will provide software services mainly to retailers with $250 million and above in revenue, along with a market segment at $1 billion, on the rise for more than 5% in a year.

Leadership Expansion

On October 2018, HGGC announced that it would be adding six new members to their team across their range of operations, from the financial operations to their investment operations. The firm is known for its ‘Advantaged Investment’ approach, allowing the firm to obtain other businesses through partnerships with the acquired organization, due to mutual interests.

The leadership expansion included professionals such as Colins Phinisey who joined as a Principal in charge of leading the firm’s capital markets across its portfolio. Christopher Guinn was hired as the Executive Director, focusing inside HGGC’s portfolio. Further, the expansion included Zachary Adams, William Spector, Patrick Malanga, and Hao Qin.

https://en.wikipedia.org/wiki/HGGC

Michael Burwell, A Finance Expert

Thursday, September 20th, 2018

 

Michael Burwell joined Willis Towers Watson as the Chief Financial Officer following the retirement of Roger Millay who voluntarily retired on October 2, 2017. Willis Towers Watson is a leading global investment firm that helps clients across the world to grow wealth. The company boasts of employing more than 40,000 people with a presence in more than 140 countries. Willis Tower Watson delivers clients with design solutions that help manage risk, optimize benefits, nurture talent and expands the capital base.

Michael Burwell has more than three decades of professional experience in finance from PwC. He has worked at several big organizations in different capacities at senior levels. The top positions Burwell has served include Head of Global Transformation, Head of Transaction Services, COO and CFO all in the United States. Besides Burwell has more than a decade of experience in auditing, transaction services advisory, mergers, and valuations.

In a statement, Willis Towers Watson CEO John Haley said that the company is delighted to have Burwell Join the organization’s leadership team at a time when the firm is undergoing evolution. Haley is confident that Burwell’s expertise in finance and transaction services will help transform the company and steer it to greater heights. Haley also took the opportunity to thank the outgoing CFO Roger and said that his dedication and commitment has left the company much stronger and positioned for greater things.

Michael Burwell in a statement said that he was so pleased to join Willis Towers Watson and was impressed with the firm’s strong leadership and commitment to clients. Burwell is looking forward to helping the company achieve success. Michael Burwell is a certified accountant and holds a Bachelor of Arts Degree in Business Administration from Michigan State University.

In an interview, Michael Burwell said that he develops ideas from colleagues in the workplace. People that are always in charge of day to day operations have an invaluable, unique perspective that allows them to think of ideas that an outsider cannot easily fathom. Making good use of those ideas is what has led to increased innovations.

Michael Burwell credits technology as the thing that has helped him stay productive. Advancement made in technology according to Burwell has made life more comfortable and has helped improve the number of tasks that can be accomplished in a day. However, to maintain a high level of productivity one must take advantage of all the available tools at their disposal.

 

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Sahm Adrangi Targets Ad Fraud

Monday, July 30th, 2018

Sahm Adrangi made a name for himself as a short selling activist by exposing Chinese companies suspected of fraudulent practices, contributing to a decrease of the market value of those firms by $10 to $20 billion. The success of these short selling campaigns increased the capital under management of Kerrisdale Capital, founded by Adrangi, from $1 million to approximately $180 million. Adrangi has continued to operate primarily as a short selling activist, periodically releasing reports detailing his reasoning as to why a specific company may be overvalued, or how a particular industry may be operating under false pretenses.

At the Kase Learning conference on short selling, Sahm Adrangi discussed new potential targets for such practices: ad exchange intermediaries. As Adrangi explained during his presentation, ad exchange intermediaries occupy the role of matchmaker, satisfying companies’ desires to advertise with websites meeting certain thresholds regarding number of views and clicks. The companies purchasing ad space operate under the assumption that real live humans are behind those clicks and views, but Sahm Adrangi posits that these statistics are subject to inaccuracies, as the interactions on these websites may actually be performed by bots and other computers. Instances in which a bot or other computer is generating view and click figures used to sell ad space are viewed as ad fraud, since the company purchasing the ad isn’t receiving the service it purchased.

 

From Sahm Adrangi’s perspective, ad exchange intermediaries selling ad space at prices based on unreliable readership and engagement data leave themselves exposed to potential adverse stock price reactions as a result of selling misleading ad services. Further investigation into the practices of ad exchange companies may reveal that revenue has been collected on false data, creating a situation in which shareholder value may decrease dramatically. Adrangi’s ability to draw attention to companies operating under deceptive practices has deeply affected industries before, and he seems poised to continue building his legacy as a successful short selling activist.

 

http://www.futuresmag.com/author/sahm-adrangi%E2%80%8B

Equities First Holdings

Friday, July 27th, 2018

Equities First Holdings is a well-renowned World Wide loan lender in offering financial solutions to its clients. This company offers loans with stocks as the collateral. It’s not an easy task to find collateral for a loan and more so when you are a business person. This issue has been fully met by the manner in which Equities First Holdings operates. This company has made it possible for its customers to get a loan by making use of their trading stocks as collateral.

Equities First Holding is a devoted company and has wholly done over 1000 transactions. Many people have managed to get access to a loan through this company. Their loan has an advantage in that it has a low fixed rate of interest. Through Equities First Holdings, many people have also grown both their personal and professional desires. Equities First Holdings has incredibly grown and expanded since its inception.

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How Anil Chaturvedi Became A Prominent Banker

Monday, May 28th, 2018

Anil Chaturvedi is an international banker of Indian descent. He has years of experience in both corporate and private banking as well as investment banking. His particular expertise is handling cross border transactions taking place between India and the European Union. He graduated in 1973 from Delhi University, earning a bachelor’s degree in economics. He also earned an MBA in that same year from this university’s Delhi School of Economics.

After having worked in the banking industry in India for a number of years Anil Chaturvedi moved to the United States. For four years he worked in New York City for the State Bank of India. He was the manager in charge of development and planning. His market while at this firm was non-resident Indian people. He was able to bring in more than $500 million in new business while in this position resulting in being named Man of the Year during this time.

After working for a few years for ANZ Grindlays Bank’s New York branch Anil Chaturvedi landed at Merrill Lynch as their international managing director. For 18 years he was a private banker who had clients throughout the United States, Asia, Europe, and India. He had many very wealthy clients and became a member of the prestigious Circle of Champions. After almost 18 years in this position he decided to move to Geneva, Switzerland. He is now the managing director of Hinduja Bank.

At Hinduja Bank Anil Chaturvedi helps form partnerships between firms that want to form cross border strategic alliances. He is also involved in other areas such as mergers and acquisitions, credit syndication, and raising capital. He has also helped numerous Indian startups, particularly tech companies involved in e-commerce. He says India is a company that comes with high risks but also high rewards when it comes to investing.

In 2006 Anil Chaturvedi and his wife, Kiran, launched the Kiran and Anil Chaturvedi Foundation, Inc. This organization provides funding to a number of international charities. This organization also makes grants to various entities and encourages voluntarism among the broader public.

http://www.nishith.tv/videos/seminar-munich-investment-opportunities-for-european-businesses-in-india-recent-learnings-road-ahead-panel-2-apr-26-2016/

https://www.guidestar.org/profile/56-2547771