Tag: Capital

Milrose Consultants and Southfield Capital Announce Strategic Partnership with Permit Advisors

GREENWICH, Conn., Oct. 13, 2020 /PRNewswire/ — Southfield Capital, a premier lower middle market private equity firm, and  Milrose Consultants (“Milrose” or the “Company”), a leading provider of building code compliance, fulfillment and consulting solutions, announced today a strategic partnership with Permit Advisors, a full-service permit expediting and consulting firm based in Beverly Hills, CA.

Founded by President Roy Hasson in 2008, Permit Advisors offers full-service permit project management solutions to clients across the country. Due to its efficient expediting, high success rate, and world-class team of project managers, Permit Advisors has developed strong relationships with clients in the corporate, retail, automotive, hospitality and healthcare sectors throughout the U.S.

Milrose Consultants and Permit Advisors will leverage each other’s capabilities and geographic reach to better serve clients by offering an expanded service portfolio across a national footprint.

Domenick Chieco, CEO of Milrose Consultants, commented, “The combined Milrose and Permit

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FBD vows to hold more capital amid Covid-19 risks to business

Insurer FBD Holdings, currently locked in a high-profile court battle with a group of pubs over whether it should pay out on Covid-19 business interruption claims, has pledged to maintain higher capital reserves to take into account risks facing the business, including from the pandemic.

The move follows engagement between the company and the Central Bank “on a range of matters”, it said in a statement on Tuesday afternoon.

Shares in FBD dropped almost 2 per cent in late trading to close at €5.98 as investors reacted to the news.

FBD has now committed to hold a so-called solvency capital ratio of 150 per cent and 170 per cent. That equates to 1.5 and 1.7 times the amount of cash reserves it estimates it would need to withstand a one-in-200-year loss event over the space of just 12 months.

The company added that it it would not allow the ratio

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The Capital Letter: Week of October 5

Call me crazy, but I’m not convinced that the latest round of talks on a new stimulus package are going as well as they might be.



a traffic light on a city street at night


© James Lawler Duggan/Reuters


Bloomberg:

President Donald Trump and House Speaker Nancy Pelosi questioned each other’s mental faculties, showcasing increasing partisan tensions as Election Day looms.

“The president is, shall we say, in an altered state right now, so I don’t know how to answer for his behavior.,” Pelosi said in an interview on Bloomberg Television Thursday.

The Democratic leader also called Trump’s changing positions this week on whether to let his administration conduct talks on fiscal stimulus “strange.” Trump pulled his team from negotiations Tuesday, prompting Pelosi to suggest to colleagues that day that Trump’s thinking might have been affected by the steroids he’s taken to battle his Covid-19, Bloomberg has reported.

“The disassociation from reality would be funny if it

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How Capital One is using tech to improve the online shopping experience

Presented by Capital One


Over the last six months, the way in which consumers have purchased goods has changed tremendously. Many traditional retail establishments have closed their doors, encouraging shoppers to take their business online.

Just how much has online shopping increased in recent months? In the COVID-19 era, ecommerce levels are tracking above average holiday spending with $93.9 billion extra spent online since March, compared to projections from the beginning of the year. In conjunction with this significant increase, online shopping fraud has also spiked, resulting in a staggering $12.67M in losses since January, according to the FTC. These findings beg the question: How can consumers protect themselves against scams in an increasingly ecommerce world?

By building and investing in digital tools like Eno and Capital One Shopping, Capital One is creating a digital banking experience that provides customers with the tools and resources they need to have confidence

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Marchex and Edenbrook Capital Announce Results of Tender Offer for up to 10 Million Shares of Class B Common Stock of Marchex

SEATTLE–(BUSINESS WIRE)–Oct 8, 2020–

Marchex (NASDAQ: MCHX), a leading conversational analytics company that connects the voice of the customer to your business, announced today the results of joint and equal tender offer with Edenbrook Capital, LLC of up to 10 million shares of Marchex’s Class B common stock (the “ Shares ”) at $2.15 per share and conditioned on a minimum of 3 million shares being properly tendered (the “ Offer ”), which expired at 11:59 p.m., New York City time, on October 7, 2020.

Based on the count by Equiniti Trust Company, the depositary and paying agent for the Offer (the “ Depositary and Paying Agent ”), a total of 10,552,160 shares were properly tendered and not properly withdrawn at $2.15 per share, including 86,461 shares that were tendered through notices of guaranteed delivery.

Due to the tender offer being oversubscribed, Marchex and Edenbrook Capital will accept for payment

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Berkeley Capital Announces Strategic Partnership With Anchor Cleveland

Press release content from Newswire. The AP news staff was not involved in its creation.

CLEVELAND – October 8, 2020 – ( Newswire.com )

​​​​​​Berkeley Capital, a Cleveland-based private equity firm, today announced a new strategic partnership with Anchor Cleveland, a premier real estate broker specializing in net lease retail and net lease medical assets.

Seeking to provide international investors with an array of wealth preservation opportunities in real estate, the firms will collaborate in identifying and acquiring high-potential net lease assets. Anchor Cleveland brings its extensive relationships with national tenants and landlords throughout the Midwest to the partnership, while Berkeley Capital brings a broad network of capital sources.

“The addition of strategic partners is a key component of our continued success,” said Berkeley Capital Managing Director Michael Wager. “We will continue building our portfolio of U.S. and global alliances, as Adnan Zai and our Berkeley

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Small businesses born during coronavirus pandemic find exposure at new Capital Flea Market in Hartford

An entrepreneurial spirit has been stirring in the capital region as the economic wreckage of the pandemic gives way to new small businesses and now a flea market in Hartford to showcase them.



Hartford, CT - 10/3/20 - Justice Conaway, co-owner of JustSavvy Boutique, adjusts clothing on the rack at the online boutique's Capital Flea Market vendor location


© Photo by Brad Horrigan | [email protected]/Hartford Courant/TNS
Hartford, CT – 10/3/20 – Justice Conaway, co-owner of JustSavvy Boutique, adjusts clothing on the rack at the online boutique’s Capital Flea Market vendor location



a group of people sitting in a chair: Various vendors display their goods at Market and Trumbull streets, the location of the new Capital Flea Market organized by Evelyn Black, on Sunday, Oct. 3.


© Brad Horrigan/The Hartford Courant/Hartford Courant/TNS
Various vendors display their goods at Market and Trumbull streets, the location of the new Capital Flea Market organized by Evelyn Black, on Sunday, Oct. 3.

Most weekends since early September vendors from around the region have lined a little-used parking lot at Market and Trumbull streets downtown that’s now the site of the Capital Flea Market. Organized by Evenlyn Black, a 26-year-old mother of two with her own small business, the market is giving sellers much-needed exposure

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Why you should take advantage of the Capital One Venture 100k bonus

This article is brought to you by the Personal Finance Insider team. It has not been reviewed, approved, or otherwise endorsed by any of the issuers listed. Some of the offers you see on the page are from our partners like Citi and American Express, but our coverage is always independent. Terms apply to the offers listed on this page.

  • The Capital One® Venture® Rewards Credit Card is currently offering its highest-ever sign-up bonus.
  • You can earn up to 100,000 miles — 50,000 after spending $3,000 in the first three months after getting the card, and another 50,000 after spending $20,000 in the first 12 months.
  • The Capital One® Venture® Rewards Credit Card is a travel rewards card worth considering, even beyond the sign-up bonus.

  • Cardholders can use their Venture miles in a variety of ways, including for travel, takeout, delivery, and streaming services.

  • See Business Insider’s list of the
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Small Businesses Need Access To Capital To Power Recovery

The October jobs report showed another gain of 661,000 jobs in September and the unemployment rate fell to 7.9%. Still, the increase wasn’t as strong as expected and the economy remains a long way from full strength—only about half of the jobs lost in March and April have returned, with city centers bearing the brunt of the losses. Small businesses are the biggest job creators and if they don’t recover, the economy won’t either. To

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Nitin Gupta’s Uni Bags $18.5 Mn Seed Capital to Tap Into India’s Credit Card Market

The seed funding round, one of the largest seed rounds in the Indian tech space, was led by Lightspeed Ventures India and Accel Partners India

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Fintech startup Uni has raised USD18.5 million in what is being called as one of the largest seed funding rounds from Lightspeed Ventures India and Accel Partners India.

The company is co-founded by Nitin Gupta, who has previously founded PayUMoney and worked with Ola Financial Services as a senior executive along with Prateek Jindal, known for playing a key role in building Olamoney postpaid and Laxmikant Vyas, who has previously head risks for EMI cards business and data science departments at Bajaj Finance.

As the company is

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