XBiotech: Q1 Earnings Snapshot
On a per-share basis, the Austin, Texas-based company said it had a loss of 36 cents.
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Business Wire
17 minutes ago
- Business Wire
Comvest Credit Partners Supports Refinancing of Juvare by Five Arrows
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a senior secured credit facility for Juvare (the 'Company'), an Atlanta-based leading global provider of emergency preparedness and response technology. The transaction supported the refinancing of Juvare by Five Arrows, the alternative assets arm of Rothschild & Co, which acquired the Company in 2020. 'We were pleased to deliver a customized financing solution that aligns with Juvare's strategic objectives,' said Joe Higginbotham, Managing Director and Co-Head of Software & Technology at Comvest Credit Partners. Juvare delivers a suite of critical operations and emergency response software solutions that empower organizations across every sector to manage incidents with greater speed, clarity, and impact. At the heart of Juvare's offerings is its industry‑leading WebEOC Nexus operating platform, a trusted cornerstone in emergency response operations for public sector agencies and critical infrastructure industries worldwide. From government and defense agencies to healthcare providers, corporations, academic institutions, and public health organizations, Juvare equips stakeholders with the technology and intelligence they need to anticipate, respond, and recover from any crisis with confidence. 'We were pleased to deliver a customized financing solution that aligns with Juvare's strategic objectives,' said Joe Higginbotham, Managing Director and Co-Head of Software & Technology at Comvest Credit Partners. 'Juvare is a clear market leader, with solutions deeply embedded in the critical incident response infrastructure of many organizations. As disaster declarations become more frequent, the demand for robust emergency management platforms will continue to grow.' 'We look forward to supporting Five Arrows in Juvare's ongoing growth,' said Tom Goila, Partner at Comvest Credit Partners. 'Five Arrows has an outstanding reputation in the market. We expect this will be a fruitful partnership and hope to continue to collaborate on other high-quality companies in the future.' 'Comvest Credit Partners' deep domain expertise in the software sector allowed them to assess the opportunity with speed, clarity and conviction. Their informed approach and tailored financing solution helped us successfully position Juvare for its next phase of growth,' said Vivek Kumar, Partner, at Five Arrows. About Juvare Juvare, headquartered in Atlanta, GA, is a pioneer in critical workflow software, empowering government agencies, corporations, healthcare facilities, academic institutions, and nonprofits with the tools to manage incidents swiftly and efficiently, safeguarding people, property, and brands. For more information, visit About Five Arrows Five Arrows is the alternative assets arm of Rothschild & Co and has more than €29 billion in assets under management, with offices in Paris, London, New York, Los Angeles, San Francisco, and Luxembourg. With more than €10 billion of assets under management, the corporate private equity business of Five Arrows is focused on investing in companies with strong management teams; business models with high visibility of organic unit volume growth and strong unit economics; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data and software, technology–enabled business services, and healthcare. For more information, visit: About Comvest Credit Partners Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $300 million-plus. For more information, please visit About Comvest Partners Comvest Partners ('Comvest') is a private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and opportunistic credit investment platforms, Comvest offers tailored investment solutions across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. In 2025, Comvest Partners proudly celebrates 25 years of investment management leadership, and today manages $16.6 billion in assets, with over $19.2 billion invested since inception. Comvest Partners is based in West Palm Beach, with offices in Chicago and New York City. For more information, please visit
USA Today
17 minutes ago
- USA Today
FTC sues reseller for faking accounts to grab Taylor Swift Eras tickets
Federal regulators are suing a ticket broker they say used fake accounts to snag Eras Tour tickets and sell them at a markup. Hot on the heels of Taylor Swift's "The Life of a Showgirl" announcement, the U.S. Federal Trade Commission filed a complaint in Maryland federal court on Aug. 18. The paperwork accused ticket reseller Key Investment Group of using thousands of fake or purchased Ticketmaster accounts to snag tickets to events and resell them at higher rates. The FTC said for one of the Eras concerts, the Baltimore-based company deployed 49 different accounts to seize 273 tickets, evading the six-ticket purchase limit. Key Investment Group operates resale sites such as Ticketmaster faced intense criticism after its botched 2022 sale of tickets to Swift's much-hyped Eras Tour, when billions of fans, bots and resellers overwhelmed the site. The company was forced to cancel a planned general public sale. Taylor Swift speaks out after Ticketmaster cancels her tour's general ticket sale: 'It pisses me off' "There are a multitude of reasons why people had such a hard time trying to get tickets and I'm trying to figure out how this situation can be improved moving forward," Swift posted to her Instagram story. "I'm not going to make excuses for anyone because we asked them, multiple times, if they could handle this kind of demand and we were assured they could. It's truly amazing that 2.4 million people got tickets, but it really pisses me off that a lot of them feel like they went through several bear attacks to get them." FTC Chairman Andrew Ferguson said in a statement that the lawsuit against Key Investment Group puts ticket sellers on notice that the agency will target those who "circumvent ticketing platforms' limits on ticket sales." The action is part of a broader crackdown President Donald Trump announced in March aimed at curbing exploitative reselling practices that raise costs for fans. Taylor Swift 'New Heights' highlights: Eras Tour inspired new album, no extra tracks, more Key Investment Group sued the FTC in July to block the investigation, saying its purchases did not involve automated software or bots and did not violate the Better Online Ticket Sales (BOTS) Act. The company said in its lawsuit that the FTC has made it clear "they intend to use the BOTS Act to shut down the entire secondary-ticket market." On Monday, the FTC accused Key Investment Group and three of its executives of violating the BOTS Act as well as the FTC Act, which prohibits unfair and deceptive business practices. Meanwhile, Ticketmaster and its parent, Live Nation Entertainment, are fighting a separate U.S. antitrust lawsuit alleging the company monopolized markets across the live concert industry. Contributing: Reuters. Don't miss any Taylor Swift news; sign up for the free, weekly newsletter This Swift Beat. Follow Taylor Swift reporter Bryan West on Instagram, TikTok and X as @BryanWestTV.
Axios
17 minutes ago
- Axios
Torchy's Tacos closing two Richmond-area locations
The Carytown and Midlothian locations of Torchy's Tacos will close next week, according to signs posted on the restaurants' doors. Why it matters: That'll leave the Austin-based taco chain with just one local outpost, Short Pump, just two years after it entered the Richmond market. State of play: Torchy's Carytown and Midlothian locations will close at the end of service on Tuesday, Aug. 26, per the signs posted. It's unclear why those two stores are closing while the Short Pump spot will remain open. Torchy's corporate office didn't respond to Axios' request for comment. Context: The move comes as fast-casual restaurants overall are experiencing a downturn in sales, driven by economic concerns, especially among fast-casual-loving Gen Z, Axios' Nathan Bomey reported last week. Flashback: Torchy's opened its first Richmond location in January 2023 in Short Pump, followed soon after they the one in Carytown Exchange, a $40 million shopping center that debuted in 2020 at the top of the retail strip historically dominated by locally owned businesses.
