Featured Stories
Lisa Seifman to Speak at Bloomberg 's Global Credit Forum 2026 - London
NEW YORK, Nov. 18 [Category: BizLaw/Legal] -- Cahill Gordon and Reindel, a law firm, posted the following news:
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Lisa Seifman to Speak at Bloomberg 's Global Credit Forum 2026 - London
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Cahill partner Lisa Seifman, co-chair of the firm's Digital Infrastructure Finance practice group, will speak on the panel "Financing the AI revolution" at Bloomberg's Global Credit Forum 2026.
Lisa will join a panel of industry leaders, including Ben Richardson (CoreWeave), Eleanor Duncan (Bloomberg News), and Roald Nashi (Kirkland & Ellis LLP).
Hosted by Bloomberg News, Bloomberg Intelligence, and
... Show Full Article
NEW YORK, Nov. 18 [Category: BizLaw/Legal] -- Cahill Gordon and Reindel, a law firm, posted the following news:
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Lisa Seifman to Speak at Bloomberg 's Global Credit Forum 2026 - London
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Cahill partner Lisa Seifman, co-chair of the firm's Digital Infrastructure Finance practice group, will speak on the panel "Financing the AI revolution" at Bloomberg's Global Credit Forum 2026.
Lisa will join a panel of industry leaders, including Ben Richardson (CoreWeave), Eleanor Duncan (Bloomberg News), and Roald Nashi (Kirkland & Ellis LLP).
Hosted by Bloomberg News, Bloomberg Intelligence, andBloomberg Television, the Global Credit Forum brings together some of the most influential voices in the credit industry. Together the panelists will explore where debt markets go from here, at a time when a historic debt-fueled race to develop artificial intelligence is coinciding with a growing list of geopolitical headwinds.
To learn more about this, click here.
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Original text here: https://www.cahill.com/news/events/2026-11-18-lisa-seifman-to-speak-at-bloombergs-global-credit-forum-2026-london
Pricol and Warburg Pincus Jointly Announce Agreement for Promoter Stake Sale in Pricol Autotech Limited
NEW YORK, Nov. 14 -- Warburg Pincus, a private equity firm, issued the following news release:
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Pricol and Warburg Pincus Jointly Announce Agreement for Promoter Stake Sale in Pricol Autotech Limited
* Pricol announced the proposed demerger of its Driver Information and Connected Vehicle Solutions (DICVS) business into Pricol Autotech Limited through a scheme of arrangement on 27th June 2026.
* Warburg Pincus to acquire the Pricol promoter group's entire 38.51% stake in Pricol Autotech Limited, following the proposed demerger and listing of Pricol Autotech Limited.
* Warburg Pincus to
... Show Full Article
NEW YORK, Nov. 14 -- Warburg Pincus, a private equity firm, issued the following news release:
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Pricol and Warburg Pincus Jointly Announce Agreement for Promoter Stake Sale in Pricol Autotech Limited
* Pricol announced the proposed demerger of its Driver Information and Connected Vehicle Solutions (DICVS) business into Pricol Autotech Limited through a scheme of arrangement on 27th June 2026.
* Warburg Pincus to acquire the Pricol promoter group's entire 38.51% stake in Pricol Autotech Limited, following the proposed demerger and listing of Pricol Autotech Limited.
* Warburg Pincus tolaunch a mandatory open offer to Pricol Autotech Limited's public shareholders following completion of the demerger and listing on NSE and BSE, in accordance with applicable SEBI regulations.
* This transaction will build on Pricol's strong legacy and accelerate Pricol Autotech Limited's next phase of growth, expanding its capabilities in instrument clusters, connected vehicle and e-cockpit solutions, with the ambition to build a broader automotive electronics business.
* Following the proposed demerger, the Actuation, Control and Fluid Management Systems (ACFMS) business will continue to operate under Pricol Limited, while the Polymer business will continue to operate through Pricol's wholly owned subsidiary Pricol Precision Products Private Limited. Both businesses will remain under the ownership and management of the current promoter group, the Mohan family, with no change in their shareholding.
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Coimbatore / Mumbai, India, 13 November 2026 -- Pricol Limited ("Pricol"), a leading Indian automotive technology and precision components company, and Warburg Pincus, the pioneer of global growth investing, today jointly announced that Warburg Pincus has entered into definitive agreements with Pricol's promoters to acquire their entire 38.51% shareholding in Pricol Autotech Limited ("Pricol Autotech" or the "Company") following the proposed demerger of Pricol's Driver Information & Connected Vehicle Solutions ("DICVS") business into Pricol Autotech. The proposed acquisition is subject to the demerger becoming effective and requisite regulatory and other approvals.
The proposed transaction represents an important next chapter for a business built by Pricol's promoters and management over five decades. With a strong foundation in product innovation, engineering capabilities and trusted relationships with leading vehicle manufacturers, Pricol Autotech is expected to benefit from Warburg Pincus' long-term investment approach, deep sector expertise and global network as it explores opportunities in the Indian and international markets.
Pricol Autotech will house the DICVS business, one of India's leading providers of driver information systems and automotive electronics, including instrument clusters, telematics, sensors and e-cockpit solutions. It serves original equipment manufacturers (OEMs) across two-wheelers, three-wheelers, four-wheelers, commercial vehicles and off-highway segments. The DICVS business reported approximately INR 2,400 crore in revenue in FY26, representing around 60% of Pricol's consolidated revenue.
Vikram Mohan, Chairman and Managing Director of Pricol Limited, said, "Over five decades, Pricol has grown from a small Coimbatore factory into a trusted technology partner to vehicle manufacturers, with our driver information and connected vehicle business at the heart of that journey. The proposed demerger will give Pricol Autotech the focus and independence to realise its full potential. We believe Warburg Pincus, with its long and storied history both in India and globally, extensive resources, global connections and deep automotive sector expertise, is the right custodian to take the business forward into the next phase of its growth story. We are proud of what our people have built and confident that we are placing Pricol Autotech in capable hands for its next chapter of growth. We will continue to focus on growing the businesses of Pricol Limited to achieve greater success."
Anish Saraf, Managing Director at Warburg Pincus, said, "We are grateful to Vikram Mohan and the Pricol promoters for the trust they have placed in us. They and the management team have built an exceptional business with deep OEM relationships, strong engineering and product development capabilities, and a respected position in India's automotive industry. We recognise the responsibility that comes with building on this legacy. We look forward to partnering with Pricol Autotech's management and employees to support the Company's long-term ambitions and expand its presence in India and internationally."
Swapnil Sinha, Managing Director at Warburg Pincus, said, "The automotive components sector has for long been an area of focus for Warburg Pincus in India. We see compelling opportunities in automotive electronics as vehicle technology becomes increasingly sophisticated. Our aim is to support Pricol Autotech's evolution into a leading automotive electronics platform through investment in technology and talent, expansion of capabilities and customer relationships, and disciplined strategic acquisitions. We are excited to work with the management team as it builds on the strong foundation established by Pricol."
Transaction overview
On 27 June 2026, Pricol's Board of Directors approved a Scheme of Arrangement for the demerger of its DICVS business into Pricol Autotech. Under the Scheme, eligible Pricol shareholders are expected to receive one equity share of Pricol Autotech for each equity share held in Pricol Limited, and Pricol Autotech is proposed to be listed on the National Stock Exchange of India (NSE) and BSE Limited (BSE). Following the demerger, Pricol Limited will continue to operate its Actuation, Control & Fluid Management Systems and Precision Products businesses.
Following the Scheme becoming effective, Warburg Pincus will make a mandatory open offer to public shareholders and complete the acquisition of promoters' stake to become Pricol Autotech's largest shareholder. Per applicable SEBI regulations, the open offer will be to acquire up to an additional 26% of the Company's share capital. The Scheme and proposed transaction remain subject to applicable approvals and conditions, including, as relevant, approvals from shareholders, creditors, stock exchanges, SEBI, the National Company Law Tribunal and the Competition Commission of India.
Advisors
For promoters: Veda Corporate Advisors acted as exclusive financial advisors, Khaitan & Co and Ramani & Shankar Advocates acted as legal advisors.
For Warburg Pincus: AZB & Partners acted as legal advisor and Alvarez & Marsal India Private Limited acted as financial and operations advisors.
About Pricol Limited
Pricol Limited (BSE: 540293, NSE: PRICOLLTD) is one of India's leading automotive technology, solutions and precision engineered products and solutions Company headquartered in Coimbatore, India, since commencing operations in 1975, the Company has evolved into an established brand in the global automotive industry. Through its customer-centric approach and continued innovation in product and process technology, Pricol has become a preferred partner to many leading automotive OEMs worldwide. The Company's operations comprise the following three verticals:
1. Driver Information and Connected Vehicle Solutions (DICVS)
2. Actuation, Control and Fluid Management Systems (ACFMS)
3. Precision and Polymer Products (P3L)
For more information, visit www.pricol.com
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About Pricol Autotech Limited
Under the proposed demerger of Pricol Limited, the Driver Information and Connected Vehicle Solutions (DICVS) portfolio will be transferred to Pricol Autotech Limited, which is expected to become an independent, listed company, providing a dedicated platform for strategic growth initiatives and long-term value creation.
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About Warburg Pincus
Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $110 billion in assets under management and more than 225 companies in its active portfolio, diversified across stages, sectors and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate and capital solutions strategies. The firm is headquartered in New York with more than 15 offices globally.
For more information, visit www.warburgpincus.com
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URL: Pricol Autotech Limited
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Original text here: https://warburgpincus.com/2026/11/13/pricol-and-warburg-pincus-jointly-announce-agreement-for-promoter-stake-sale-in-pricol-autotech-limited/
[Category: BizFinancial Services]
Newmark Appointed to Lead Sale of Two Office Properties in Hong Kong
NEW YORK, Nov. 14 -- Newmark Group, a commercial real estate company that says they offer comprehensive suite of services and products, posted the following news release:
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Newmark Appointed to Lead Sale of Two Office Properties in Hong Kong
November 12, 2026
Assignments encompass approximately 54,000 square feet of office space combined across Kowloon Bay and Tsim Sha Tsui East
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Newmark announces that it has been appointed to lead the sale of two Hong Kong office properties: Enterprise Square Three in Kowloon Bay and South Seas Centre in Tsim Sha Tsui East. The properties comprise approximately
... Show Full Article
NEW YORK, Nov. 14 -- Newmark Group, a commercial real estate company that says they offer comprehensive suite of services and products, posted the following news release:
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Newmark Appointed to Lead Sale of Two Office Properties in Hong Kong
November 12, 2026
Assignments encompass approximately 54,000 square feet of office space combined across Kowloon Bay and Tsim Sha Tsui East
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Newmark announces that it has been appointed to lead the sale of two Hong Kong office properties: Enterprise Square Three in Kowloon Bay and South Seas Centre in Tsim Sha Tsui East. The properties comprise approximately54,000 square feet of office space across two established commercial districts. Newmark Managing Director Terry Shum is leading the marketing efforts, working closely with Head of Capital Markets John Davies and Associate Director Cole Pamuk.
"These appointments highlight the range of investment opportunities available across Hong Kong's office market," said Shum. "Enterprise Square Three offers flexibility for investors and owner-occupiers, while South Seas Centre provides an opportunity to acquire an income-producing asset in an established commercial district. Both properties offer distinct advantages for buyers with different investment objectives."
Located at 39 Wang Chiu Road in Kowloon Bay, the Enterprise Square Three offering comprises approximately 48,300 square feet across the 36th, 37th and 38th floors of the 40-storey Grade A office building. Completed in 2004, the property is near MegaBox and approximately a 10-minute walk from Kowloon Bay MTR Station. The offering provides flexibility for prospective buyers, including the potential for a leaseback arrangement on the 36th and 37th floors or vacant possession for owner-occupiers.
The second appointment encompasses Units 01 and 13 on the second floor of Tower 2 at South Seas Centre, located at 75 Mody Road in Tsim Sha Tsui East. The approximately 5,529-square-foot office property is being offered for sale with an existing tenancy and features fountain square views. The property is within a five-minute walk of East Tsim Sha Tsui MTR Station and benefits from proximity to restaurants, hotels and other commercial amenities.
Investment sentiment in Hong Kong strengthened in 3Q26 as transaction volume surged by 89% quarter-over-quarter to HK$19.1 billion. This brought the year-to-date total to HK$44.1 billion, up 98% year-over-year and already exceeded the full-year 2025 total of HK$43.9 billion. Big-ticket transactions supported growth in the quarter with four deals of over HK$1 billion recorded, accounting for more than half of the quarter's volume. Attractive pricing continued to draw interest from office occupiers to acquire premises for their own use.
In the Hong Kong's office market, the banking, finance and insurance sectors have been the main catalyst for strong demand. They face fierce competition to secure Grade A office space for expansion and relocation. This led vacancy rates year-to-date to not only fall in core districts but spilled over to decentralized submarkets. In Kowloon East, the average vacancy rate fell by 2.9% year-to-date and is expected to further tighten with only 740,000 square feet net floor area of new supply expected to be completed over the next six years.
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About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark's comprehensive platform is uniquely tailored to provide superior outcomes to clients. For the twelve months ended September 30, 2026, Newmark generated revenues of over $3.7 billion. As of September 30, 2026, Newmark and its business partners together operated from approximately 200 offices with 10,500 professionals across four continents. Learn more at nmrk.com or follow @newmark.
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Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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Original text here: https://www.nmrk.com/insights/press-releases/newmark-appointed-to-lead-sale-of-two-office-properties-in-hong-kong
[Category: BizReal Estate]
JPMorganChase Declares Preferred Stock Dividends
NEW YORK, Nov. 14 -- JPMorgan Chase and Co. issued the following news release:
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JPMorganChase Declares Preferred Stock Dividends
New York
November 13, 2026
JPMorgan Chase & Co. (NYSE: JPM) ("JPMorganChase" or the "Firm") has declared dividends on the following series of the Firm's outstanding preferred stock, each of which is represented by depositary shares:
Preferred Stock Series ... Distribution (per Preferred Share) ... Distribution (per Depositary Share)
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series II ... $180.52 ... $18.052
6.500% Fixed-Rate Reset Non-Cumulative
... Show Full Article
NEW YORK, Nov. 14 -- JPMorgan Chase and Co. issued the following news release:
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JPMorganChase Declares Preferred Stock Dividends
New York
November 13, 2026
JPMorgan Chase & Co. (NYSE: JPM) ("JPMorganChase" or the "Firm") has declared dividends on the following series of the Firm's outstanding preferred stock, each of which is represented by depositary shares:
Preferred Stock Series ... Distribution (per Preferred Share) ... Distribution (per Depositary Share)
Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series II ... $180.52 ... $18.052
6.500% Fixed-Rate Reset Non-CumulativePreferred Stock, Series OO ... $162.50 ... $16.250
6.100% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series PP ... $152.50 ... $15.250
The dividend payment date is Friday, January 1, 2027, to stockholders of record at the close of business on Wednesday, December 2, 2026, and dividends will be paid on Monday, January 4, 2027. The floating rate period for dividends on the Series II preferred stock began on April 1, 2025.
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JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $5.1 trillion in assets and $372 billion in stockholders' equity as of September 30, 2026. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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Original text here: https://www.jpmorganchase.com/ir/news/2026/jpmc-declares-preferred-stock-dividends-11-13
[Category: BizFinancial Services]
Fried Frank: Procter & Gamble Closes Euros3.25B Offering of Four Tranches of Notes
NEW YORK, Nov. 14 -- Fried, Frank, Harris, Shriver and Jacobson LLP, a law firm, issued the following news release:
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Procter & Gamble Closes Euros3.25B Offering of Four Tranches of Notes
November 13, 2026
Fried Frank advised Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, Goldman Sachs & Co. LLC, HSBC Bank plc and Morgan Stanley & Co. International plc, as lead underwriters, in The Procter & Gamble Company's (Procter & Gamble) Euros3.25 billion offering of four tranches of notes: Euros750 million of 3.750% notes due November 3, 2030, Euros1 billion of 4.100% notes due
... Show Full Article
NEW YORK, Nov. 14 -- Fried, Frank, Harris, Shriver and Jacobson LLP, a law firm, issued the following news release:
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Procter & Gamble Closes Euros3.25B Offering of Four Tranches of Notes
November 13, 2026
Fried Frank advised Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, Goldman Sachs & Co. LLC, HSBC Bank plc and Morgan Stanley & Co. International plc, as lead underwriters, in The Procter & Gamble Company's (Procter & Gamble) Euros3.25 billion offering of four tranches of notes: Euros750 million of 3.750% notes due November 3, 2030, Euros1 billion of 4.100% notes dueNovember 3, 2034, Euros750 million of 4.250% notes due November 3, 2038 and Euros750 million of 4.625% notes due November 3, 2046.
The company intends to use the proceeds from this offering for general corporate purposes.
Procter & Gamble is a global provider of consumer-packaged goods and owns many of the world's leading household brands including Bounty, Charmin, Crest, Gillette, Oral-B, Pampers, Tide and Vicks, among others.
Capital markets partners Daniel J. Bursky and Andrew B. Barkan led the Fried Frank team.
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This communication is for general information only. It is not intended, nor should it be relied upon, as legal advice. In some jurisdictions, this may be considered attorney advertising. Please refer to the firm's data policy page for further information.
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Original text here: https://www.friedfrank.com/news-and-insights/procter-gamble-closes-3-25b-offering-of-four-tranches-of-notes-13260
[Category: BizLaw/Legal]
Fried Frank: Penta Capital Partners Closes Single Asset Continuation Vehicle for Sumer Group
NEW YORK, Nov. 14 -- Fried, Frank, Harris, Shriver and Jacobson LLP, a law firm, issued the following news release:
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Penta Capital Partners Closes Single Asset Continuation Vehicle for Sumer Group
Press releases
November 13, 2026
Fried Frank advised TPG GP Solutions on its anchor investment as sole lead investor in connection with Penta Capital LLP's successful close of a single asset continuation vehicle for portfolio company Sumer Group, valuing Sumer at ~pound sterling1 billion enterprise value.
This capital structure allows Penta and Sumer management to continue their successful
... Show Full Article
NEW YORK, Nov. 14 -- Fried, Frank, Harris, Shriver and Jacobson LLP, a law firm, issued the following news release:
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Penta Capital Partners Closes Single Asset Continuation Vehicle for Sumer Group
Press releases
November 13, 2026
Fried Frank advised TPG GP Solutions on its anchor investment as sole lead investor in connection with Penta Capital LLP's successful close of a single asset continuation vehicle for portfolio company Sumer Group, valuing Sumer at ~pound sterling1 billion enterprise value.
This capital structure allows Penta and Sumer management to continue their successfulpartnership through the next ownership cycle while providing new capital to continue to drive significant further M&A and support Sumer's ongoing mission to be the champion of small and medium-sized enterprises across the UK and Ireland. For more on the transaction, which closed on November 5, read Sumer's press release.
M&A and private equity partner Andrew Rearick led the Fried Frank team, which included asset management partners Athena Tan and Mark Mifsud; tax partner Oliver Curall; asset management special counsel Ethan Chionh; tax special counsel Alexander Goldsmith; M&A and private equity associates Hannah Lee and Noemie Cetnarowicz; asset management associates Jackson Kang and Shimon Ellerman; and tax associates Elena Scaglione and Louise Meng.
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This communication is for general information only. It is not intended, nor should it be relied upon, as legal advice. In some jurisdictions, this may be considered attorney advertising. Please refer to the firm's data policy page for further information.
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URL: TPG GP Solutions
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Original text here: https://www.friedfrank.com/news-and-insights/penta-capital-partners-closes-single-asset-continuation-vehicle-for-sumer-group-13256
[Category: BizLaw/Legal]
CentraCare - Benson Earns Acute Stroke Ready Hospital Designation
ST. CLOUD, Minnesota, Nov. 14 -- CentraCare Health issued the following news release:
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CentraCare - Benson Earns Acute Stroke Ready Hospital Designation
November 12, 2026
CentraCare - Benson has earned designation as an Acute Stroke Ready Hospital (ASRH) through the Minnesota Department of Health's Minnesota Stroke System of Care.
The designation recognizes the hospital's preparedness to quickly identify, evaluate and provide initial treatment for patients experiencing a stroke. Timely care is especially important for stroke patients because rapid diagnosis and treatment can reduce the
... Show Full Article
ST. CLOUD, Minnesota, Nov. 14 -- CentraCare Health issued the following news release:
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CentraCare - Benson Earns Acute Stroke Ready Hospital Designation
November 12, 2026
CentraCare - Benson has earned designation as an Acute Stroke Ready Hospital (ASRH) through the Minnesota Department of Health's Minnesota Stroke System of Care.
The designation recognizes the hospital's preparedness to quickly identify, evaluate and provide initial treatment for patients experiencing a stroke. Timely care is especially important for stroke patients because rapid diagnosis and treatment can reduce therisk of long-term disability and improve outcomes.
"This designation reflects our team's ongoing dedication to delivering safe, timely, and high-quality stroke care to the Benson area," said Melissa McGinty-Thompson, CentraCare - Benson Director of Operations. "I am proud of each and every team member who played a role in maintaining this designation. Their commitment to clinical excellence, teamwork, and continuous preparedness helps ensure that patients experiencing a stroke can receive the care they need quickly and close to home."
To achieve Acute Stroke Ready Hospital designation, hospitals are evaluated against nine criteria established by the Minnesota Department of Health. CentraCare - Benson participates in the Minnesota Stroke System of Care, a statewide system designed to improve stroke care by helping ensure patients receive the right care as quickly as possible.
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Original text here: https://www.centracare.com/about-us/news-publications/media-releases/2026-news/benson-earns-acute-stroke-ready-designation/
[Category: BizHealth Care]
