Latest news with #JasonWright
Yahoo
28-05-2025
- General
- Yahoo
GBPD: Second driver faces charges in Velp Avenue head-on crash, identify two from Green Bay
GREEN BAY, Wis. (WFRV) – The Green Bay Police Department (GBPD) provided an update on the early April head-on crash on Velp Avenue, including information that a second driver was charged and the identities of both men. According to a release from GBPD, a second driver allegedly involved in the two-vehicle head-on crash that happened on April 1 on Velp Avenue now faces charges. Wisconsin man suffers serious, life-threatening injuries following crash, arrested for OWI Officers say that witnesses claimed that a black GMC Sierra 1500 pickup truck was racing a red Dodge Challenger before crashing into a van at the intersection of Wilson Avenue. On May 22, charges were filed against 35-year-old Timothy Mossberger of Green Bay, who was identified to be driving the GMC Sierra 1500. On April 3, the Brown County District Attorney's Office charged the driver of the Challenger, 22-year-old Jason Wright, also of Green Bay. Victims identified in fatal I-43 wrong-way crash; charges expected Three people were treated for serious injuries as a result of the crash. Charges include: Timothy Mossberger Second-Degree Recklessly Endangering Safety – Two Counts Jason Wright Second-Degree Reckless Injury – Two Counts Operating Motor Vehicle While Suspended – Cause Great Bodily Harm – Two Counts No additional information was provided. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-05-2025
- Business
- Yahoo
Finastra to sell Treasury and Capital Markets unit to Apax funds
Finastra, a global innovator in financial software, has agreed to sell its Treasury and Capital Markets (TCM) division to a firm backed by Apax Partners. The move will see TCM become an independent company, leveraging the private equity firm's extensive experience in scaling software businesses. TCM presently services over 340 financial institutions globally with a range of software solutions such as Kondor, Summit, and Opics. The platform supports front-to-back trade lifecycle management, risk and compliance, and capital market operations. TCM is a recognised technology partner for worldwide banks, boasting decades of experience and strong client integration. The divestment enables Finastra to restructure its operations and reinvest proceeds in its core software offerings spanning loans, payments, and banking. Furthermore, as a separate entity, TCM will benefit from targeted investments in product development, cloud capabilities, and customer experience. Apax intends to strengthen the firm through strategic and operational improvements. Chris Walters, CEO at Finastra stated: "This sale marks an important milestone for Finastra that will help further launch our next phase of growth with a focused suite of mission-critical financial services software. It will provide capital to accelerate our strategy and reinvest in our core business, while providing our award-winning TCM platform with the backing of an experienced, long-term technology investor to support its continued success moving forward." Jason Wright, Partner at Apax shared: "TCM is a robust, mission-critical platform with leading functionality and an impressive customer base. We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company, drawing on our 25 years of experience scaling global software companies." Gabriele Cipparrone, Partner at Apax, added: "We're excited to partner with the TCM team as the business begins a new chapter as an independent organisation. With the backing of the Apax Funds, we expect TCM to benefit from accelerated innovation and enhanced operations, delivering even greater value to its clients." The acquisition is scheduled to close in the first half of 2026, subject to usual closing conditions and regulatory approvals. Financial information has not been released. Evercore was Finastra and Vista Equity Partners' principal financial adviser, while Kirkland & Ellis was their legal adviser. Perella Weinberg Partners also served as Finastra's financial adviser. Meanwhile, Apax received financial advice from Deutsche Bank, while Simpson Thacher & Bartlett provided legal advice. "Finastra to sell Treasury and Capital Markets unit to Apax funds" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
19-05-2025
- Business
- Finextra
Finastra to sell Treasury and Capital Markets business to Apax Partners
Finastra is to sell its Treasury and Capital Markets (TCM) business unit to an affiliate of venture capital firm Apax Partners in a deal estimated at $2 billion, including debt. 1 With a client base of over 340 financial institutions, TCM provides risk management, regulatory compliance, and capital markets operations. Its suite of software products - most notably Kondor, Summit, and Opics - supports front-to-back trade lifecycle management, risk, compliance, and operations. Upon completion of the transaction, TCM will be rebranded and operated as a standalone business. Finastra says the sale will streamline its portfolio and generate capital for reinvestment into its core product suite. 'This sale marks an important milestone for Finastra that will help further launch our next phase of growth with a focused suite of mission-critical financial services software,' says Chris Walters, CEO at Finastra. 'It will provide capital to accelerate our strategy and reinvest in our core business, while providing our award-winning TCM platform with the backing of an experienced, long-term technology investor to support its continued success moving forward." Funds advised by Apax have a long history of investing across the application software industry. Notable investments include Paycor HCM, Zellis Group, ECi Software, OCS / Finwave, Azentio, EcoOnline and IBS Software. Jason Wright, partner at Apax, says of the Finastra carveout: 'We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company, drawing on our 25 years of experience scaling global software companies.' The transaction is expected to close in the first half of 2026.
Cision Canada
19-05-2025
- Business
- Cision Canada
Finastra to Sell Treasury and Capital Markets Division to Apax Funds
LONDON, May 19, 2025 /CNW/ -- Finastra, a global provider of financial software applications, and funds advised by Apax Partners LLP ("Apax"), a leading global private equity advisory firm, today announced that they have entered into an agreement under which Finastra intends to sell its Treasury and Capital Markets ("TCM") business unit to an affiliate of Apax. Upon completion of the transaction, TCM will be rebranded and operated as a standalone business. With a client base of over 340 financial institutions, TCM is a trusted enabler of risk management, regulatory compliance, and capital markets operations. Its suite of software products – most notably Kondor, Summit, and Opics – supports front-to-back trade lifecycle management, risk, compliance, and operations. Built on decades of intellectual property and long-standing client relationships, TCM is deeply embedded in the global banking ecosystem. The sale of TCM will streamline Finastra's portfolio and generate capital for reinvestment to enhance the company's position as one of the world's leading software providers to financial services companies. Finastra remains focused on serving its diversified and established customer base in over 135 countries, offering deep domain expertise and best-in-class technology to many of the world's leading financial institutions and corporations. "This sale marks an important milestone for Finastra that will help further launch our next phase of growth with a focused suite of mission-critical financial services software," said Chris Walters, CEO at Finastra. "It will provide capital to accelerate our strategy and reinvest in our core business, while providing our award-winning TCM platform with the backing of an experienced, long-term technology investor to support its continued success moving forward." As an independent company working in partnership with the Apax Funds, TCM will be able to invest further in new product development, marketing and technology infrastructure to meet its customers' evolving needs. The Apax Funds will support TCM in sharpening strategic and operational focus, enhancing customer experience and accelerating technological advancements, including strengthening the company's cloud offering. "TCM is a robust, mission-critical platform with leading functionality and an impressive customer base," said Jason Wright, Partner at Apax. "We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company, drawing on our 25 years of experience scaling global software companies." Gabriele Cipparrone, Partner at Apax, said: "We're excited to partner with the TCM team as the business begins a new chapter as an independent organization. With the backing of the Apax Funds, we expect TCM to benefit from accelerated innovation and enhanced operations, delivering even greater value to its clients." Funds advised by Apax have a long history of investing across the application software industry. Notable investments include Paycor HCM, Zellis Group, ECi Software, OCS / Finwave, Azentio, EcoOnline and IBS Software. The Apax Funds also have extensive experience in supporting corporate carveouts in the software space. The transaction is expected to close in the first half of 2026, subject to customary closing conditions and the completion of information and consultation processes with employee representative bodies, where required. Further terms of the transaction were not disclosed. Evercore served as lead financial advisor to Finastra and Vista Equity Partners and Kirkland & Ellis served as legal advisor. Perella Weinberg Partners also served as a financial advisor to Finastra. Deutsche Bank served as financial advisor to Apax and Simpson Thacher & Bartlett served as legal advisor. Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of finance through technology and collaboration, and its pioneering approach is why it is trusted by 8,100 financial institutions, including 45 of the world's top 50 banks. For more information, visit About Apax Apax Partners LLP is a leading global private equity advisory firm. For over 50 years, Apax has worked to inspire growth and transform businesses. The firm has raised and advised funds with aggregate commitments of c.$80 billion. Apax Funds invest in companies across three global sectors: Tech, Services, and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For further information, visit Apax is authorized and regulated by the Financial Conduct Authority in the UK.
Yahoo
07-05-2025
- Business
- Yahoo
Why women's sports is like investing in small-cap stocks
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, Amazon Music, YouTube, or wherever you find your favorite podcasts. SANTA MONICA, Calif. — In the world of investing in women's sports, putting money to work is akin to finding a great small-cap stock. High risk, but high reward. "It is smaller valuation than the big men's teams, which are getting very high and some say maybe starting to ebb and even out in how far they can grow," Jason Wright, head of investments at Ariel Project Level, told me on Yahoo Finance's Opening Bid podcast (video above; listen in below) at the Milken Institute Global Conference. "The small caps are women's sports that are lower valuations with massive growth potential, a very rapid growth trajectory that are undervalued in misunderstood." This embedded content is not available in your region. The former Arizona Cardinals running back was the NFL's first black president, hired in August 2020 to restore a franchise embroiled in toxic workplace controversies under then-controversial owner Dan Snyder. Wright stabilized the team culture and improved ticket sales. Private equity titan Josh Harris purchased the Commanders from Snyder in 2023 for more than $6 billion. Ariel Investments' Jason Wright (right) talks with Yahoo Finance executive editor Brian Sozzi (left) about how he is putting money to work in women's sports. · Yahoo Finance Wright parted ways with the team in 2024, ultimately joining friend and former Starbucks (SBUX) chair Mellody Hobson at Ariel. Wright enters the field of women's sports investing at an important moment, as superstar athletes such as the WNBA's phenom Caitlin Clark and Olympic great Simone Biles continue to enter new territory with their eye-popping performances. Project Level is aiming to invest in women's sports leagues, including infrastructure to support athletic performance. "Women's and emerging sports are more akin to venture or growth investments," researchers at Goldman Sachs wrote in a new report. "They generally have less established infrastructure and may not currently be profitable, meaning the risk is much higher but so is the potential reward if expected revenue and profitability are realized." They added, "Women's sports are on the precipice of a radical transformation." To that end, the National Women's Soccer League (NWSL) signed a four-year, $240 million contract in 2023 with CBS, ESPN, Prime Video, and Scripps Sports that is 40 times larger than its previous deal, per Goldman. The WNBA will earn $2.2 billion from the 11-year, $76 billion media rights deal signed in July 2024, 233% more than what it previously earned on an annual basis. Wright said he is looking to put money to work in the space as soon as possible, noting he has already made two investments.
