Latest news with #Montagu
AU Financial Review
3 days ago
- Business
- AU Financial Review
ASX to rise, S&P 500 closes higher
Australian shares are set to open higher, tracking a recovery in New York from an opening drop amid competing data, trade and geopolitical headlines. US bond yields surged higher and the greenback extended its losses. The Australian dollar leapt 1 per cent. 'Short covering and new risk flows drove an increase in bullish positioning across US large cap indexes, with position levels now the highest observed over the past month,' Citigroup's Chris Montagu said. Still, investors 'remain cautious', Montagu also said. As US and China exchange allegations of trade agreement violations, the White House is pressing for direct talks in a phone call between President Donald Trump and Xi Jinping at some point this week. Shortly after the closing bell, the US said it would extend its tariff pause on some Chinese goods until the end of August. Market highlights ASX futures are pointing up 74 points or 0.9 per cent to 8508. All US prices at 4.15pm New York time. Today's agenda A key focus on Tuesday will be the handing down of the annual award wage decision at 10am AEST. NAB said: 'With inflation back below 3 per cent, the decision is likely to be less consequential for overall wage growth, and result in an award wage rise of around 3.5 per cent.' Separately, the RBA will release minutes from its May meeting at 11.30am and Sarah Hunter, RBA assistant governor (economic) will give the keynote speech – Joining the Dots: Exploring Australia's Links with the World Economy – to the Economic Society of Australia Queensland Business Lunch, Brisbane at 1pm. eToro's Josh Gilbert said he's looking for the minutes to provide a deeper insight into the RBA's current outlook amid global economic uncertainty. 'The RBA remains cautious about inflation, and we can clearly see why. While the inflation figures aren't a reason to panic, they do mean that a rate cut in July is certainly not nailed on. Last week's rate cut, in which the cash rate decreased to 3.85 per cent, doesn't necessarily set the stage for back-to-back cuts.' There will be several GDP partial data points released on Tuesday, as well as NZ's international trade data, China Caixin PMI manufacturing, Eurozone CPI and later US durable goods, factory orders and JOLTS job openings. Top stories Greens senator defects to Labor on eve of super tax talks | The defection came just an hour after Greens Senator Sarah Hanson-Young suggested the minor party could compromise on its demands the government drop the threshold for the proposed tax and index it. | Assistant Minister for Productivity Andrew Leigh said government too often rewarded process over outcomes. Chanticleer: This is what the Soul Patts deal is really about | There's plenty of history in Soul Patts' merger with Brickworks, but at the heart of the deal is a $2 billion prize that completes Soul Patts' portfolio.
Yahoo
16-05-2025
- Business
- Yahoo
Montagu-Backed Wireless Logic Welcomes General Atlantic as Minority Shareholder
LONDON, May 16, 2025--(BUSINESS WIRE)--Wireless Logic (or "the Company"), a leading independent global Internet of Things ("IoT") solutions provider, welcomes General Atlantic, a leading global investor, as a new minority shareholder, through investment from the firm's BeyondNetZero climate growth equity fund. The Company's existing shareholder, Montagu, a leading mid-market private equity firm, will remain the majority shareholder, reinvesting alongside General Atlantic. The transaction, which values Wireless Logic at £3.5 billion, is subject to customary closing conditions and is expected to close in the third quarter of 2025. Founded in 2000 and headquartered in the UK, Wireless Logic is the global leader in IoT connectivity, dedicated to bridging the physical and digital worlds with seamless, secure, and scalable solutions for businesses in any sector. The platform helps clients from a diverse range of industries connect and manage all their IoT devices, no matter the device, geography or network, in a single platform. The Company is net zero aligned through its commitment to SBTi, and plays a key role in enabling a vast range of IoT connected energy transition and climate applications, including smart grids, micro-mobility, industrial optimisation, and precision agriculture. With continued backing from Montagu and the additional support of General Atlantic, Wireless Logic is primed to continue its high growth trajectory. By pursuing an organic investment and active acquisition strategy, Wireless Logic is expected to further strengthen its market-leading position by driving global geographic expansion, diversifying market channels, and enhancing its platform offering. Partnering with General Atlantic will bring complementary global scale and network, as well as technological and operational capabilities, including the experience from General Atlantic's Vice Chairman of EMEA, Vittorio Colao, who previously served as Minister of Technological Innovation and Digital Transition for the Italian government and as CEO of Vodafone Group. Mr. Colao joins Wireless Logic's Board alongside existing Chairman, Sir Michael Rake, who previously served as Chairman of BT Group and President of the Confederation of British Industry. Wireless Logic Co-Founder and CEO Oliver Tucker said: "Wireless Logic, Montagu and General Atlantic share a collective ambition to reinforce Wireless Logic's market leadership and mission to simplify and automate IoT connectivity and management for customers globally, as well as create value for investors and establish a great place to work. I look forward to the next phase of our growth journey." Ed Shuckburgh, Managing Partner - CEO at Montagu said: "We are excited to continue backing Wireless Logic through the next stage of growth having first invested in the business in 2018. This reinvestment demonstrates our continued confidence in Wireless Logic's exceptional growth trajectory, and we are thrilled to have General Atlantic partnering alongside us. We are enthusiastic about the opportunity for Wireless Logic as it continues to cement its position as the Internet of Things solutions provider of choice for customers globally." Gabriel Caillaux, Co-President, Global Head of Climate, and Head of General Atlantic's EMEA business, said: "We are pleased to support the next stage of Wireless Logic's journey in partnership with Montagu. Wireless Logic has positioned itself as a leader in the rapidly expanding IoT market, and in turn as a key enabler of the energy and climate transition, providing data transparency, operational efficiency, and cost reductions across industries to accelerate energy efficiency for the future. We believe there is a strong opportunity for the Company to achieve further growth, through transformational M&A, which it has already proved itself adept at, and continued geographic expansion across Europe, North America, LATAM, and APAC. "From its founding in 2000, Wireless Logic has demonstrated strong resilience, by building a highly diversified customer base and generating uninterrupted growth since inception. We look forward to partnering with Montagu and Wireless Logic's high quality management team as the Company embarks on its next stage of growth." Montagu was advised by Rothschild & Co as financial advisor and Freshfields as legal advisor. General Atlantic was advised by William Blair as financial advisor, Weil Gotshal & Manges LLP as legal advisor and Analysys Mason as technology advisor. About Montagu Montagu is a leading mid-market private equity firm, committed to finding and growing businesses that make the world work. Focussing on businesses with a must-have product or service in a structurally growing marketplace, Montagu brings proven growth capabilities to help companies achieve their ambitions and unlock their full potential. Montagu specialises in carve-out and other first time buyout investments and has deep expertise in five priority sectors: Healthcare, Financial Sector Services, Critical Data, Digital Infrastructure and Education. ESG forms an integral part of its strategy, and its commitment to responsible investment is fully integrated into its investment and value-creation process. Montagu partners with companies with enterprise values between €200 million and €1 billion and has €14 billion of assets under management. For additional information on Montagu, visit About Wireless Logic Wireless Logic is a leading global IoT solutions provider that simplifies and automates IoT connectivity and management for any device, anywhere. With more than 18 million IoT devices connected across 165 countries to over 750 global networks, Wireless Logic provides global coverage and ultra-local services that help to fast-track the success of customer projects. With its purpose-built platform and dedicated IoT network, Wireless Logic enables customers to securely connect and manage assets across any network and number of deployments. For customers, this simplifies supply chains, accelerates time to market, lowers the total cost of ownership and delivers connectivity solutions that just work. Wireless Logic works in partnership with 25,000+ enterprises and businesses to ensure that IoT solutions are designed, tested, deployed and scaled to meet the needs of each specific use case. Ultimately, Wireless Logic delivers the most flexible, resilient and secure connectivity solutions in the market across sectors including agriculture, healthcare, industry 4.0, security, transport, energy, utilities and smart cities. For additional information on Wireless Logic, visit About General Atlantic and BeyondNetZero General Atlantic is a leading global investor with more than four decades of experience providing capital and strategic support for over 830 companies throughout its history. Established in 1980, General Atlantic continues to be the dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies. BeyondNetZero is the climate growth equity fund of General Atlantic that invests in growth companies delivering innovative climate solutions that have the potential to meet and exceed net-zero emissions targets, with a focus on decarbonization, energy efficiency, resource conservation and emissions management. General Atlantic manages approximately $108 billion in assets under management, inclusive of all strategies, as of March 31, 2025, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: View source version on Contacts Media enquiries – Montagu Greenbrook: James Madsen+44 20 7952 2000 | montagu@ Media enquiries – General Atlantic Jess Gill+44 20 7484 3200 | media@ Media enquiries – Wireless Logic FINN Partners: Richard Scarlett+44 20 3217 7060 | wirelesslogic@ 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
Business Mayor
27-04-2025
- Business Mayor
English museum home to world-famous collection – as well as UK's oldest monorail
THE UK'S oldest monorail is based at a museum in the New Forest, between Southampton and Bournemouth. The historic monorail, located at Beaulieu, stretches for a mile and allows guests to explore the museum from above. 4 The monorail celebrated 50 years since opening, last year Credit: Alamy 4 A ride on the monorail stretches for a mile Credit: Alamy It even goes over the roof of the National Motor Museum. As guests travel on the monorail, commentary tells the stories behind the different things they see on their journey. Visitors can experience the monorail through regular services across the day. Over 240,000 visitors take a trip on the Monorail each year. Last year, the Monorail at Beaulieu celebrated 50 years since it opened in 1974. Over the decades, visitors have enjoyed the travelling on the monorail at the museum. Back in 1974, it was opened by The Wombles – the furry, secretive creatures created by Elizabeth Beresford. However, it was not the first monorail at Beaulieu. Before the 'Skytrain', there was a less permanent structure in place for the opening of the National Motor Museum in 1972. This monorail featured battery operated mechanics, from milk floats and soon after it was launched, it was realised that something more permanent was needed. Tiny English village named one of the most beautiful in the UK is home to huge motor museum Butlin's was actually the thing that inspired a permanent monorail at the museum, as the resort at Skegness was home to the first commercial monorail system in the UK. An agreement was made, whereby Beaulieu purchased the same mechanism to use for its 'Skytrain'. The trains were recently named 'Monty' and 'Mary' and for the 50th anniversary, the monorail station underwent a refresh, with a new design on both the inside and outside of the carriages paying homage to the history of the ride. Visitors can enjoy unlimited rides of the monorail during their visit to Beaulieu, as this is included in a general admission ticket. There is even Beaulieu Monorail-themed merchandise in the museum's gift shop. Beaulieu is also home to many other attractions for visitors to explore. The National Motor Museum features some of the earliest motor carriages, as well as classic family saloons and Formula 1 cars. 4 Nearby is also Palace House, a medieval abbey that was renovated into a Victorian country house Credit: Alamy Visitors can also head to the Palace House, which was once the gatehouse of the medieval Beaulieu Abbey and has been home to the Montagu's since 1538. The palace was extensively remodelled in the 19th century, making it into a Victorian country house, with Gothic features. A number of rooms in the Palace have recently been refurbished and will open to the public over Easter. Tickets to the full attraction, including the above and more such as the gardens, is £27 per adult or £15.50 per child, when booked in advance. The closest train station is Brockenhurst, where trains from London regularly stop. A new tour of three historic UK train stations was recently announced. Plus, the 150-year-old British train station named one of Europe's best.
Scottish Sun
27-04-2025
- Entertainment
- Scottish Sun
English museum home to world-famous collection – as well as UK's oldest monorail
Plus, the other things you can explore near the monorail ON THE TRACKS English museum home to world-famous collection – as well as UK's oldest monorail Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE UK'S oldest monorail is based at a museum in the New Forest, between Southampton and Bournemouth. The historic monorail, located at Beaulieu, stretches for a mile and allows guests to explore the museum from above. Sign up for Scottish Sun newsletter Sign up 4 The monorail celebrated 50 years since opening, last year Credit: Alamy 4 A ride on the monorail stretches for a mile Credit: Alamy It even goes over the roof of the National Motor Museum. As guests travel on the monorail, commentary tells the stories behind the different things they see on their journey. Visitors can experience the monorail through regular services across the day. Over 240,000 visitors take a trip on the Monorail each year. Last year, the Monorail at Beaulieu celebrated 50 years since it opened in 1974. Over the decades, visitors have enjoyed the travelling on the monorail at the museum. Back in 1974, it was opened by The Wombles - the furry, secretive creatures created by Elizabeth Beresford. However, it was not the first monorail at Beaulieu. Before the 'Skytrain', there was a less permanent structure in place for the opening of the National Motor Museum in 1972. This monorail featured battery operated mechanics, from milk floats and soon after it was launched, it was realised that something more permanent was needed. Tiny English village named one of the most beautiful in the UK is home to huge motor museum Butlin's was actually the thing that inspired a permanent monorail at the museum, as the resort at Skegness was home to the first commercial monorail system in the UK. An agreement was made, whereby Beaulieu purchased the same mechanism to use for its 'Skytrain'. The trains were recently named 'Monty' and 'Mary' and for the 50th anniversary, the monorail station underwent a refresh, with a new design on both the inside and outside of the carriages paying homage to the history of the ride. Visitors can enjoy unlimited rides of the monorail during their visit to Beaulieu, as this is included in a general admission ticket. There is even Beaulieu Monorail-themed merchandise in the museum's gift shop. Beaulieu is also home to many other attractions for visitors to explore. The National Motor Museum features some of the earliest motor carriages, as well as classic family saloons and Formula 1 cars. 4 Nearby is also Palace House, a medieval abbey that was renovated into a Victorian country house Credit: Alamy Visitors can also head to the Palace House, which was once the gatehouse of the medieval Beaulieu Abbey and has been home to the Montagu's since 1538. The palace was extensively remodelled in the 19th century, making it into a Victorian country house, with Gothic features. A number of rooms in the Palace have recently been refurbished and will open to the public over Easter. Tickets to the full attraction, including the above and more such as the gardens, is £27 per adult or £15.50 per child, when booked in advance. The closest train station is Brockenhurst, where trains from London regularly stop. A new tour of three historic UK train stations was recently announced. Plus, the 150-year-old British train station named one of Europe's best.
The Irish Sun
27-04-2025
- The Irish Sun
English museum home to world-famous collection – as well as UK's oldest monorail
THE UK'S oldest monorail is based at a museum in the New Forest, between Southampton and Bournemouth. The 4 The monorail celebrated 50 years since opening, last year Credit: Alamy 4 A ride on the monorail stretches for a mile Credit: Alamy It even goes over the roof of the As guests travel on the monorail, commentary tells the stories behind the different things they see on their journey. Visitors can experience the monorail through regular services across the day. Over 240,000 visitors take a trip on the Monorail each year. Read more about trains Last year, the Monorail at Beaulieu celebrated 50 years since it opened in 1974. Over the decades, visitors have enjoyed the travelling on the monorail at the museum. Back in 1974, it was opened by However, it was not the first monorail at Beaulieu. Most read in News Travel Before the 'Skytrain', there was a less permanent structure in place for the opening of the National Motor Museum in 1972. This monorail featured battery operated mechanics, from milk floats and soon after it was launched, it was realised that something more permanent was needed. Tiny English village named one of the most beautiful in the UK is home to huge motor museum Butlin's was actually the thing that inspired a permanent monorail at the museum, as the resort at Skegness was home to the first commercial monorail system in the UK. An agreement was made, whereby Beaulieu purchased the same mechanism to use for its 'Skytrain'. The trains were recently named 'Monty' and 'Mary' and for the 50th anniversary, the monorail station underwent a refresh, with a new design on both the inside and outside of the carriages paying homage to the history of the ride. Visitors can enjoy unlimited rides of the monorail during their visit to Beaulieu, as this is included in a general admission ticket. There is even Beaulieu Monorail-themed merchandise in the museum's gift shop. Beaulieu is also home to many other attractions for visitors to explore. The National Motor Museum features some of the earliest motor carriages, as well as classic family saloons and Formula 1 cars. 4 Nearby is also Palace House, a medieval abbey that was renovated into a Victorian country house Credit: Alamy Visitors can also head to the Palace House, which was once the gatehouse of the medieval Beaulieu Abbey and has been home to the Montagu's since 1538. The palace was extensively remodelled in the 19th century, making it into a A number of rooms in the Palace have recently been refurbished and will open to the public over Easter. Tickets to the full attraction, including the above and more such as the gardens, is £27 per adult or £15.50 per child, when booked in advance. The closest train station is Brockenhurst, where trains from London regularly stop. A new tour of Plus, the 150-year-old British train station named one of Europe's best. 4 Rides on the monorail are included in the admission fee Credit: Alamy
