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(1) Paris, 3 June 2021 - Apax Partners SAS has reached an agreement with CVC Capital Partners to sell its majority stake in BIP. BIP President Nino Lo Bianco, CEOs Carlo Capè and Fabio Troiani as well as the other equity partners will continue to hold significant stakes and to manage the Group. Founded in Italy in 2003, BIP is now a leading multinational consulting firm with a presence in 13 countries. The company employs more than 3,500 people worldwide and generated revenues of 315 million euros in 2020 (an increase of 31% compared to 2019). Apax is selling its majority stake to CVC after having supported BIP s outstanding growth and development since 2018. Under Apax ownership, BIP doubled its revenues and successfully rolled out its consolidation and internationalisation strategy while becoming an international leader in digital transformation and innovation consulting. ....
Push for Voting Overhaul in Congress Falters Opposition from Republicans and some of their own senators has left Democrats struggling to determine whether they should try to nix the filibuster to save a top priority. Senators Chris Coons of Delaware and Joe Manchin of West Virginia in the Capitol last week. Mr. Manchin, the Democrats’ decisive swing vote, has repeatedly pledged to protect the filibuster. Credit.Erin Scott for The New York Times June 1, 2021, 5:00 a.m. ET WASHINGTON In the national struggle over voting rights, Democrats have rested their hopes for turning back a wave of new restrictions in Republican-led states and expanding ballot access on their narrow majorities in Congress. Failure, they have repeatedly insisted, “is not an option.” ....
Katherine Mayhew/Acorns Hello! This story is from today s edition of Morning Brew, an awesome daily email publication read by 2.5 million next-generation leaders like you. Sign up here to get it! Acorns, the investing app Ashton Kutcher is obsessed with, announced plans to go public via SPAC yesterday in a deal valued at $2+ billion. If Robinhood is your cool cousin who made $50k on her GameStop stock, Acorns is your quiet uncle who owns a profitable pet food business in the suburbs. Acorns doesn t allow its 6.8+ million users to buy or sell individual stocks. Instead, it helps them build balanced portfolios for the long term via its signature service, which deposits users spare change into index funds. ....
Acorns stock to take root after investing app OKs merger May 27, 2021 FacebookTwitterEmail FILE - In this Sept. 20, 2018 file photo, Acorns CEO Noah Kerner participates in the Yahoo Finance All Markets Summit: A World of Change at The TimesCenter in New York. Acorns Grow, whose app encourages people to save and invest with subscriptions for as little as $1 per month, plans to have its own stock trading on the Nasdaq, Thursday, May 27, 2021, soon after announcing a merger with what s known as a blank-check company. (Photo by Evan Agostini/Invision/AP)Evan Agostini/Evan Agostini/Invision/AP NEW YORK (AP) Acorns Grow, whose app encourages people to save and invest with subscriptions for as little as $1 per month, plans to soon have its own stock trading on the Nasdaq. ....