The Company Exits Final Transitional Services Agreement and Announces the Consolidation of its North American Commercial Organizations

PORTLAND, Maine-Thursday 10 December 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Covetrus (Nasdaq: CVET), a global leader in animal-health technology and services, announced today that all 72 transitional services agreements with Henry Schein, Inc. (Nasdaq: HSIC), its former parent company, have now been exited. The final exit, which was completed ahead of schedule and less than two years following the completion of its spin-off, marks a significant milestone that will enable the Company to deliver greater coordination of its businesses as the Company moves towards the next stage of its three-year strategic plan.

Covetrus also announced a consolidation within its North American commercial organizations to drive increased strategic alignment between its customers and its full scope of products and capabilities. ... Read more »

LONDON-Thursday 10 December 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- European credit specialist AlbaCore Capital Group (“AlbaCore”) announces the final close of AlbaCore Investment Opportunities L.P. (“AIO”). AlbaCore secured over $1bn of commitments for the dislocation strategy, both in comingled and SMA format, which started investing at the depth of the crisis in mid-March. AlbaCore’s dislocation investing generated a 55% IRR1 since launch to the end of November 2020, whilst benchmark credit indices saw low single digits with year to date returns of 1.7%2. AlbaCore has generated positive returns across all strategies to date in 2020.

AlbaCore launched the dislocation strategy to engage with the opportunity in what it viewed as a credit picker’s market. The team maintained their fundamental approach and were focused on companies that they have tracked for years. Many companies which have consistently been regarded as strong credits ... Read more »

COURBEVOIE, France -Thursday 10 December 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- IDEMIA, the global leader in augmented identity, has signed a deal with Rocker, a blue-chip Swedish FinTech and bank challenger, to enhance contactless payment security. IDEMIA’s F.CODE biometric payment cards will undergo a proof of concept with Rocker customers during the first quarter of 2021.

Throughout the pandemic, world demand for contactless payment solutions has been skyrocketing. Bank challenger Rocker, a top-class Swedish FinTech with Schibsted as its largest shareholder, has teamed up with IDEMIA, the global leader in Augmented Identity, to carry out their first ever-biometric card proof of concept in Northern Europe. Payments with the card are fingerprint-checked in store.

The F.CODE payment card adopts a user-friendly biometric authentication procedure making transactions quicker, more hygienic and more secure as cardholders no longer need to enter a PIN or sign ... Read more »

• Acquisition will add another key dimension to Boehringer Ingelheim’s focus on patients with difficult-to-treat solid tumors

• NBE-Therapeutics’ pipeline is based on its innovative next generation antibody-drug conjugate (ADC) technology platform

• NBE-Therapeutics’ will remain at its campus in Basel, Switzerland and operate as a new site within Boehringer Ingelheim’s R&D network

INGELHEIM, Germany & BASEL, Switzerland-Thursday 10 December 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Boehringer Ingelheim today announced the signing of a binding agreement for acquiring all shares of NBE-Therapeutics, a private, clinical-stage Swiss biotechnology company focused on antibody-drug conjugates and advancing targeted cancer therapies derived from its immune stimulatory iADC™ platform. NBE-Therapeutics’ lead compound NBE-002 is currently in phase I clinical studies for triple negative breast cancer and othe ... Read more »

NEW YORK-Thursday 10 December 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- EnTrust Global (“EnTrust”), a leading alternative asset management firm, announced today that it has completed a fundraising for its EnTrust Global Blue Ocean Funds for investment in the global maritime industry. The Funds closed at $2.1 billion after raising $925 million since April of 2020.

The Blue Ocean Funds are part of EnTrust Global’s private debt and real asset division. The Funds engage in direct lending and similar financing opportunities to vessel owners and operators and other maritime businesses.

“We continue to see strong demand for our debt capital solutions from clients around the world, and we have continued to deploy capital efficiently to our select customer base while also successfully maintaining the quality of our existing portfolio throughout a very tough time period as a consequence of Covid-19,” said Svein Engh, Senior Managing Director ... Read more »

ZURICH-Thursday 10 December 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- ABB announced today that Carolina Granat is to succeed Sylvia Hill as Chief Human Resources Officer and member of the Executive Committee, effective January 1, 2021.

Granat currently serves as ABB’s Global Head of People Development, prior to which she was globally responsible for Human Resources at Sandvik’s Machining Solutions business area. She also served as Human Resources manager for the Nordic region at the Boston Consulting Group (BCG). Granat holds a Master’s degree in Human Resources Management from Karlstad University, Karlstad.

“Carolina brings a wealth of experience in change management, talent development, operational efficiency, recruitment, with a proven ability to lead a global HR function in a decentralized organization. She will play a key role in the transformation of ABB and its HR activities, as well as creating a diverse and passionate global team, ... Read more »

 Under a 5-year engagement, LTTS will provide engineering services at two integrated refining and chemicals manufacturing facilities in USA

BANGALORE, India-Thursday 10 December 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, announced that it has been selected by a global O&G major to be the primary engineering partner to support two of their integrated refining and chemicals manufacturing facilities in USA. This is a multi-year engagement with a potential value of more than USD 100 Million.

Under the five-year engagement, LTTS will provide multi-discipline plant engineering activities including site sustenance, discipline engineering and control automation support for both facilities. LTTS will leverage its in-house digital engineering tools and new age technology & solutions to optimize project execution and drive efficie ... Read more »

Premier audio provider’s contribution to the characters of Cyberpunk 2077

LOS ANGELES-Thursday 10 December 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- SIDE, award-winning games industry audio provider, known for their twenty-five years of cutting-edge work within the global entertainment market, announced today that they were the exclusive English Language voice production partner to CD PROJEKT RED on the highly-anticipated open world game, Cyberpunk 2077.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201210005295/en/

SIDE cited some impressive stats from this project, including 2,500 hours spent recording voice performances for the game. “We knew that this would be a massive undertaking,” said Los Angeles Head of Studio Jacquie Shriver Sladeck. “Between London and LA, we delivered 117,586 total audio files to the team at CDP.”

Borys Pugacz-Muraszkiew ... Read more »

LAUSANNE, Switzerland -Friday 11 December 2020 [ AETOS Wire ]

Chairman of the Board Louis Camilleri to retire (effective immediately);

André Calantzopoulos elected Executive Chairman of the Board (effective May 2021);

Lucio Noto appointed interim Chairman;

and Jacek Olczak elected Chief Executive Officer (effective May 2021)

(BUSINESS WIRE)-- Philip Morris International Inc. (PMI) (NYSE: PM) today announced a long-planned leadership succession, which will be completed in May 2021. PMI’s current Chief Executive Officer, André Calantzopoulos, was appointed Executive Chairman of the Board, to take effect immediately prior to the Annual Meeting of Shareholders in May 2021. For personal reasons, the current Chairman, Mr. Louis Camilleri, expressed his desire to retire as of the day of this announcement. Consequently, Mr. Lucio Noto, PMI’s independent Presiding Director, will serve as interim Chairman until the succession of Mr. Calantzo ... Read more »

SINGAPORE-Thursday 10 December 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- I Squared Capital, through its ISQ Global Infrastructure Fund II, has acquired and combined Infofabrica Holdings Pte Ltd and Cloud Kinetics Tech Pte Ltd, two Cloud migration services companies based in Singapore. The combined businesses are poised to become a leading Cloud migration and managed services provider in Southeast Asia and India, providing capability across all major public Cloud operators. These investments are part of a new Asian Digital Infrastructure platform and will enable I Squared Capital’s Digital Infrastructure companies to offer comprehensive Cloud-based solutions to their customers. The Cloud platform will have a growing pool of over 300 professionals with deep experience in Cloud infrastructure, data, analytics, application modernization and Cloud management and possess a broad range of Cloud certifications.

“The future of data and computing will be driven by the ... Read more »

Confirmed demand from pharmaceutical, healthcare, telecom, financial services and automotive sectors prompts launch of cryptographically verifiable LEI development program

BASEL, Switzerland -Thursday 10 December 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- The Global Legal Entity Identifier Foundation (GLEIF) is to extend the Global LEI System to create a fully digitized LEI service capable of enabling instant and automated identity verification between counterparties operating across all industry sectors, globally.

Following a series of 2020 research initiatives, GLEIF today invites stakeholders from across the digital economy to engage in a cross industry development program to create an ecosystem and credential governance framework, together with a technical supporting infrastructure, for a verifiable LEI (vLEI), a digitally verifiable credential containing the Legal Entity Identifier (LEI).

By embedding new and existing LEIs in Verifiable Credent ... Read more »