Metro One Completes Acquisition of Royal App
Metro One Telecommunications Inc. has closed $3.5 million in financing and completed of its acquisition of
Royal App Ltd. through its wholly owned Israeli subsidiary,
Stratford Ltd. The financing was structured in the form of puttable simple agreements for future equity from institutional investors and family offices.
Metro One chairman,
Nani Maoz said, “We are very pleased that we have completed the financing for and acquisition of Royal App. This financing allows us not only to complete the transaction but also infuse working capital into Royal App. Royal App possesses a novel artificial intelligence technology that has received praise from its international customer base. The funds raised will also assist us in bringing our public filings current with the SEC and becoming a fully reporting company, a process which we have begun.”
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DRESHER, Pa., April 26, 2021 /PRNewswire/ Ascensus announced today that funds managed by Stone Point Capital, the Greenwich, CT-based private equity firm specializing in financial services, along with GIC, Singapore s sovereign wealth fund, have entered into a definitive agreement to acquire Ascensus from its current private equity ownership group led by Genstar Capital, Aquiline Capital Partners, and Atlas Merchant Capital. Genstar Capital and Aquiline Capital Partners will maintain a minority stake in Ascensus.
The transaction is expected to close in the third quarter of 2021, following regulatory approvals and other customary closing conditions. Terms of the transaction were not disclosed.
GIC and Stone Point Capital Buy Majority Stake in Ascensus
Posted on 04/26/2021
Funds managed by Stone Point Capital LLC and Singapore’s GIC Private Limited have entered into a definitive agreement to acquire Ascensus LLC from its current private equity ownership group led by Genstar Capital LLC, Aquiline Capital Partners LLC, and Atlas Merchant Capital LLC. Genstar Capital and Aquiline Capital Partners will maintain a minority stake in Ascensus. The transaction is expected to close in the third quarter of 2021, following regulatory approvals and other customary closing conditions. Terms of the transaction were not disclosed.
Ascensus is a technology-enabled services company that helps millions of people save for retirement, education, and healthcare. It is also an independent recordkeeping services partner, retirement plan third-party administrator, and government savings facilitator in the United States.
Oklahoman
A MAPS 3 advisory committee wants to know why the Oklahoma City Convention Center s management company, ASM Global, is requesting two wheelchair ramps between the third-floor atrium and the ballroom level.
Construction is quickly wrapping up on the 550,000-square-foot convention center, which was dedicated last month.
Ballroom access is by two short sets of stairs or by elevator. The proposed ramps add an accessible option.
Tom McDaniel, chairman of the MAPS 3 Citizens Advisory Board and chairman of the convention center advisory committee, told the Citizens Advisory Board last week there was some angst on the part of advisory committee members.
Kilroy Realty Corporation announced that its operating partnership, Kilroy Realty, L.P. amended and restated its unsecured revolving credit facility. The amendment and restatement increased the size of the revolver from $750 million to $1.1 billion, reduced the borrowing costs and extended the maturity date to July 31, 2025 with two six-month.