State Tipoffs Involving Massachusetts Newsletter for Wednesday December 11, 2024 ( 11 items ) |
Circle Expands Into the Middle East With ADGM Incorporation and Strategic Partnership With LuLu Financial Holdings
BOSTON, Massachusetts, Dec. 11 -- Circle Internet Financial, a financial technology firm, issued the following news release:
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Circle incorporates in the ADGM, and partners with one of the largest financial services conglomerates in the Middle East to power remittances and cross-border payments with USDC
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ABU DHABI, December 10, 2024 -- Circle Internet Group, Inc., a global digital financial technology firm, is pleased to announce the incorporation of an entity in the ADGM, a key mi
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DNV Pioneers Certification for Safer, Scalable Hydrogen Production
BURLINGTON, Massachusetts, Dec. 11 -- DNV, a provider of classification, technical assurance, software and independent expert advisory services, issued the following news:
The recently released standard sets requirements and establishes an industry benchmark for the safe design, construction, and operation of electrolyser systems and components. Seamlessly integrated with other DNV recommended practices and international regulatory regimes, it aims to support the safe and efficient development
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Foley Hoag Announces Partnership With BU Law ASPIRE Program
BOSTON, Massachusetts, Dec. 11 -- Foley Hoag, a law firm, issued the following news:
Foley Hoag LLP announced a new partnership with Boston University School of Law's Antiracist Scholars for Progress, Innovation, and Racial Equity (ASPIRE) Program. This collaboration underscores the firm's commitment to advancing diversity, equity and inclusion in the legal profession.
The ASPIRE Program, created by the Dean of BU Law and Foley Hoag alumna, Angela Onwuachi-Willig, in collaboration with BU's Ce
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GE Vernova Declares $0.25 Per Share Quarterly Dividend and Initial $6 Billion Share Buyback
CAMBRIDGE, Massachusetts, Dec. 11 -- G.E. Vernova, an energy company, issued the following news release:
NEW YORK (December 10, 2024) - GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.25 per share quarterly dividend and approved an initial $6 billion share repurchase authorization. The quarterly dividend will be payable on January 28, 2025, to shareholders of record as of December 20, 2024.
Future dividend declarations will be made at the discretion of the
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GE Vernova Raises Multi-Year Financial Outlook, Initiates Dividend and Authorizes Buyback
CAMBRIDGE, Massachusetts, Dec. 11 -- G.E. Vernova, an energy company, issued the following news release:
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- Now anticipates ~$45B of revenue and 14% adjusted EBITDA margin/* by 2028
- Plans to invest ~$4B in capex and ~$5B in R&D through 2028 to fuel growth and innovation
- Expects to generate at least $14B of cumulative free cash flow/* from 2025 to 2028
- Board of Directors declared a $0.25 per share quarterly dividend, payable in the first quarter of 2025, and approved an initial $6
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Goodwin Advises Acceleron on Series A Funding to Pursue a Plasma-Free Approach to Fusion
BOSTON, Massachusetts, Dec. 11 -- Goodwin, a law firm, issued the following news release:
The Technology team advised Acceleron on its Series A funding round co-led by Lowercarbon Capital and Collaborative Fund. The funding will be used to help develop prototypes of key reactor components to help advance its unique approach to clean, safe, and abundant energy. Acceleron has now completed more than 100 hours of continuous fusion in its machine, using the High Intensity Proton Accelerator facilit
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Goodwin Advises CAPZA Private Debt on Refinancing for the Acquisition of Primed Group
BOSTON, Massachusetts, Dec. 11 -- Goodwin, a law firm, issued the following news release:
Goodwin has advised CAPZA Private Debt on the refinancing of the acquisition of Primed Group, a leading medical device manufacturer and supplier of sterile surgical equipment in Germany.
Primed Group was acquired by Paragon Partners in November 2023, to support its ongoing growth and expansion, reinforcing its leading position in the market. Through this transaction, CAPZA arranged a unitranche for the re
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Goodwin Advises Hg Capital in Connection With IRIS Software Group's Intent to Acquire Dext Software
BOSTON, Massachusetts, Dec. 11 -- Goodwin, a law firm, issued the following news release:
The London Private Equity team advised Hg Capital, together with its affiliated investment funds, ("Hg"), in connection with their agreement to sell, alongside Insight Partners (a minority shareholder), their entire stake in Dext Software Ltd ("Dext") to IRIS Software Group ("IRIS"). The acquisition will unite two sector-leading cloud-based platforms - Dext's Bookkeeping Automation Platform and IRIS Elemen
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Goodwin: AQEMIA Raises $38 Million
BOSTON, Massachusetts, Dec. 11 -- Goodwin, a law firm, issued the following news release:
Our Paris Technology & Life Sciences team advised AQEMIA on its $38 million financing round, bringing the total funds raised since inception to over $100 million in cumulative funding.
AQEMIA has developed a groundbreaking technological platform that combines quantum-inspired, atomic-scale physics with generative artificial intelligence enabling them to discover innovative drug candidates more rapidly.
T
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Leading executive recruiter John Strackhouse appointed chairman of Doerr Institute external board
HOUSTON, Texas, Dec. 10 -- Rice University issued the following news release:
World-class leader and talent recruiter John Strackhouse has been named chairman of the external board of Rice University's Doerr Institute for New Leaders.
Recognized by the Massachusetts Institute of Technology as one of the nation's top executive recruiters, Strackhouse serves as a vice chairman at Caldwell. His practice recruits transformational talent to the boards and leadership teams of technology companies. H
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Ropes & Gray Advises Nature Infrastructure Capital on Acquisition of Greencells Group
BOSTON, Massachusetts, Dec. 11 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray has advised Nature Infrastructure Capital (NIC), on its joint acquisition, together with Davidson Kempner Capital Management LP, of the Netherlands-based solar and storage project development platform of Greencells Group, a global project developer and provider of EPC and O&M services for large-scale solar power plants.
The development platform specialises in the acquisition, development, fina
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