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Comvest Private Equity Rebrands as Vesterra Capital Partners

Lastest from Businesswire - 10 hours 53 sec ago
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Vesterra Capital Partners (“Vesterra,” formerly Comvest Private Equity) today announced its new brand and identity, marking the firm’s next chapter and reinforcing its focus on the lower middle market.The Vesterra name reflects the firm’s evolution, its continued emphasis on the services economy, and its long-standing approach to partnering with founders, family owners, and management teams to build durable companies. While the brand is new, the firm’s str

Ravee Optics Secures $6 Million Seed Round as the Need to Move More Data in Space Explodes

Lastest from Businesswire - 10 hours 53 sec ago
DAYTON, Ohio--(BUSINESS WIRE)--A surge in data from the internet and AI is driving demand to move more of it in space. While computing power continues to advance, the ability to move data between satellites has become a critical bottleneck. This is expected to grow as industry giants consider building data centers in space. Ravee today announced an oversubscribed $6 million funding round led by BIG Capital, a Vietnam-based investment firm with several successful space tech investments in its po

Perk Becomes First to Connect Travel, Spend, Invoicing and Events Through a Single MCP

Lastest from Businesswire - 10 hours 53 sec ago
BOSTON & LONDON--(BUSINESS WIRE)--Perk, the intelligent AI-native platform for travel and spend management, today launched an MCP (Model Context Protocol) connector.

Silvia Surpasses $50 Billion in Assets in 14 Months Since Public Launch

Lastest from Businesswire - 10 hours 53 sec ago
NEW YORK--(BUSINESS WIRE)--ProCap Financial, Inc. (Nasdaq: BRR), the first publicly traded agentic finance firm, today announced that Silvia, its AI agent lab focused exclusively on finance, has surpassed $50 billion in assets on the platform. The milestone comes 14 months after Silvia’s public launch and reflects the desire from self-directed investors to use AI to manage their finances.With Silvia's consumer product, investors can connect their stocks, bonds, crypto, real estate, cars, collect

Drug Farm Completes First Closing of $55 Million Series D Financing to Advance Clinical and Preclinical Development Pipeline

Lastest from Businesswire - 13 hours 54 sec ago
SHANGHAI & ALBANY, N.Y.--(BUSINESS WIRE)--Drug Farm today announced the successful first closing of its $55 million Series D financing. The financing round was co-led by Shanghai Pudong Leading Area Investment Center and Shanghai Puxing Collaborative Private Equity Fund Partnership Enterprise, with participation from new investors Tukar Capital, Fuzhou Xinhe Fund, Shenzhen Luohu Donghai Chempartner Investment Fund, and Keyuan Pharma. Existing investors, including BioVeda China Fund (BVCF), YD C

PLAB INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Photronics, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Lastest from Businesswire - 13 hours 54 sec ago
SAN DIEGO--(BUSINESS WIRE)---- $PLAB #PLAB--The case alleges Photronics and its top executives made false and/or misleading statements to investors.

Mill Point Capital Completes the Acquisition of Total Safety Supplies & Solutions

Lastest from Businesswire - 13 hours 54 sec ago
FAIRFIELD, Calif.--(BUSINESS WIRE)--Mill Point Capital LLC ("Mill Point") is pleased to announce the acquisition of Total Safety Supplies & Solutions, Inc. ("S&S" or the "Company"), a leading distributor of industrial maintenance, repair, and operations (“MRO”) products including safety, and personal protective equipment ("PPE"). The acquisition of S&S, a division of Total Safety U.S., Inc. (“Total Safety”), represents Mill Point’s 20th corporate carve-out and underscores Mill Point

KBRA Releases Research – Private Credit: NAV Loans Evolve as Product Goes Mainstream

Lastest from Businesswire - 13 hours 54 sec ago
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases research examining trends across the net asset value (NAV) landscape. Record KBRA-rated NAV issuance in 2025, followed by continued deal activity in 2026, underscores the evolution of NAV lending from a niche liquidity tool into an established component of fund finance. Broader sponsor and lender adoption has supported standardization, expanded market participation, and encouraged new structures that continue to adapt to shifting general partner needs wh

Maureen Mahr von Staszewski Joins Heitman European Leadership Team

Lastest from Businesswire - 13 hours 54 sec ago
LONDON--(BUSINESS WIRE)--Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the appointment of Maureen Mahr von Staszewski as Managing Director in the firm’s European Real Estate Investment team. As part of Heitman’s European leadership team, Maureen will help drive continued expansion across Europe, supporting the firm’s strategic growth initiatives, capital raising efforts, and investment activity across the region. “We are excited Maureen has joined the

Churchill Asset Management and Seviora Close Approximately $400 Million Collateralized Fund Obligation Combining U.S. and Asian Private Capital Strategies

Lastest from Businesswire - Sun, 07/12/2026 - 21:09
NEW YORK & SINGAPORE--(BUSINESS WIRE)--Churchill Asset Management LLC ("Churchill"), the U.S. asset management company of Nuveen Private Capital, and Seviora Holdings Pte. Ltd. (“Seviora”), Temasek's main asset management platform, today announced the closing of an approximately $400 million Collateralized Fund Obligation (the "CFO"). The CFO invests across Churchill's U.S. junior capital and private equity secondaries strategies and Seviora's Asian private credit and global fund-of-funds strat

KKR Leads A$400 Million Financing Solution for Ampol

Lastest from Businesswire - Sun, 07/12/2026 - 21:09
SYDNEY--(BUSINESS WIRE)--KKR Leads A$400 Million Financing Solution for Ampol

Concord Technologies Releases New Report on AI-Driven Interoperability and Operational Efficiency

Lastest from Businesswire - Sun, 07/12/2026 - 12:09
SEATTLE--(BUSINESS WIRE)--Concord Releases Report on AI-Driven Interoperability and Operational Efficiency in American Hospital Association Market Scan Trailblazer report.

Investment Notice: Robbins LLP Informs Investors of the Intuit Inc. Class Action Lawsuit

Lastest from Businesswire - Fri, 07/10/2026 - 21:08
SAN DIEGO--(BUSINESS WIRE)---- $INTU #Finance--Robbins LLP informs stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Intuit Inc. (NASDAQ: INTU) securities between August 22, 2025 and May 20, 2026. Intuit provides financial management, payments and capital, compliance, and marketing products and services in the U.S.For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.The Allegations: Robbins LLP is Investiga

$9.5 Billion Focus Financial Network Expands to East Coast with Advisor Jennifer McDonald

Lastest from Businesswire - Fri, 07/10/2026 - 21:08
MINNEAPOLIS--(BUSINESS WIRE)-- #FinancialPlanning--$9.5 Billion Focus Financial Network Expands to East Coast (Winchester, Virginia) with Financial Advisor Jennifer McDonald.

JEFFERIES FINANCIAL GROUP, INC. INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud

Lastest from Businesswire - Fri, 07/10/2026 - 21:08
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Jefferies Financial Group, Inc. (“Jefferies” or the “Company”) (NYSE:JEF). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.[LEARN MORE ABOUT THE INVESTIGATION]What Happened?On June 25, 2026, Jefferies reported quarterly results showing weaker asset-management fees a

KBRA Assigns AAA to Texas Transportation Commission State of Texas General Obligation Mobility Fund and Refunding Bonds, Series 2026-A and State of Texas General Obligation Mobility Fund Put Bonds, Series 2026-B (Multiannual Mode)

Lastest from Businesswire - Fri, 07/10/2026 - 18:08
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AAA to the Texas Transportation Commission State of Texas General Obligation Mobility Fund and Refunding Bonds, Series 2026-A and State of Texas General Obligation Mobility Fund Put Bonds, Series 2026-B (Multiannual Mode). KBRA additionally affirms the long-term rating of AAA for the Commission's State of Texas Highway Improvement General Obligation Bonds and State of Texas General Obligation Mobility Fund Bonds as well as the State'

AM Best Revises Outlooks to Negative for New Era Group Members

Lastest from Businesswire - Fri, 07/10/2026 - 18:08
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of New Era Life Insurance Company, New Era Life Insurance Company of the Midwest and Philadelphia American Life Insurance Company, which are referred to as New Era Group (Houston, TX). The ratings reflect New Era Group’s balance sheet strength, which AM Best assesses as strong, as well as

Investigation Launched into GPGI, Inc. (GPGI), Attorneys Encourage Investors and Potential Witnesses to Contact Robbins Geller Rudman & Dowd LLP

Lastest from Businesswire - Fri, 07/10/2026 - 18:08
SAN DIEGO--(BUSINESS WIRE)---- $GPGI #GPGI--Robbins Geller is investigating potential violations of federal securities laws by GPGI.

DWS Municipal Income Trust Declares Monthly Distribution

Lastest from Businesswire - Fri, 07/10/2026 - 18:08
NEW YORK--(BUSINESS WIRE)--DWS Municipal Income Trust (KTF) (the “Fund”) announced today its regular July monthly distribution. Details are as follows: Declaration – 07/10/2026 Ex-Date – 07/22/2026 Record – 07/22/2026 Payable – 07/31/2026 Fund Ticker   Distribution Per Share Prior Distribution Per Share   DWS Municipal Income Trust   KTF   $0.0610 $0.0610 The Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distributions and

Illinois Appellate Court Affirms $45 Million Mesothelioma Verdict Against Johnson & Johnson and Kenvue

Lastest from Businesswire - Fri, 07/10/2026 - 18:08
DALLAS--(BUSINESS WIRE)--Dean Omar Branham Shirley, LLP (DOBS), announced today that the Illinois Appellate Court has affirmed a $45 million jury verdict awarded to the family of Theresa Garcia, who developed the deadly disease mesothelioma after decades of using Johnson & Johnson's Baby Powder. This product and other talc-based products have been found to be contaminated with asbestos.The decision represents a significant appellate victory for asbestos victims and rejects Johnson & John

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