Panoro Energy ASA - Contemplated USD 49 Million Private Placement to Finance Transformational Acquisition
Panoro Energy ASA announced a private placement of up to NOK 467 million (approximately USD 49 million) to help fund the acquisition of Kosmos International Petroleum’s 40.375% non‑operated interest in Block G offshore Equatorial Guinea. The offering consists of two tranches – a fully underwritten tranche of 11.6944 million shares and a pre‑committed tranche of 8.3056 million shares – priced at NOK 23.35 per share, equal to the market close on the launch day. The remaining acquisition consideration is expected to be covered by a $150 million tap issue of existing senior secured bonds and existing cash resources. If the deal does not close, the proceeds will be redirected to general corporate purposes.
Unlocking Value in Private Credit: Inside Loomis Sayles’ Integrated Approach
Loomis Sayles sees the expanding private‑credit market as a source of higher yields and structural protections for fixed‑income investors. To exploit this, the firm created a dedicated Private Credit Team that works alongside its public‑markets portfolio managers, credit researchers, and legal...
HYI: Discount Widens But Still Looking For Better Entry Level
Western Asset High Yield Opportunity Fund (HYI) converted from a term‑structured to a perpetual fund last year, prompting the discount to widen to roughly its historical average. The fund’s non‑leveraged, high‑yield strategy delivers a 10.23% distribution yield, but semi‑annual and...
Workday Caps Off Strong Year with Multi-Billion Dollar Revenue Boost
Workday reported $9.55 billion in total revenue for fiscal 2026, a 13 % year‑over‑year increase, driven primarily by subscription growth. The fourth quarter delivered $2.53 billion in revenue, up 14.5 %, and left the company with $5.4 billion in cash. CEO Aneel Bhusri credited artificial‑intelligence...
Forvis Mazars Global Revenue Grows 11% to $5.7B
Forvis Mazars reported $5.7 billion in global revenue for fiscal years 2024‑2025, marking an 11 % year‑over‑year increase. Audit and assurance contributed 45 % of the top‑line, while tax, advisory and outsourcing made up the remainder. The firm’s U.S. segment grew 4 % to...
BAM Hires Philip Moos to Join Its Muni Capital Markets Team
BAM Mutual announced the hiring of Philip Moos, a 30‑year municipal sales veteran from Wells Fargo, to bolster its municipal capital markets team. Moos will report to Bryan Baebler and focus on expanding BAM’s secondary‑market insurance business with institutional investors. The insurer currently...
IRS-CI Uses Bank Filings in Nearly All Criminal Investigations
The IRS Criminal Investigation (IRS‑CI) unit relied on Bank Secrecy Act (BSA) filings for 94% of its FY25 probes, conducting over 3.9 million searches. BSA data linked to 89% of cases, directly originating 11.7% of investigations. Tax‑related fraud investigations uncovered $2.9 billion...
App Spotlight: Plug&Play Currency Sync for Zoho CRM
Plug&Play Currency Sync for Zoho CRM now automates daily exchange‑rate updates, ensuring new deals, quotes and invoices use current rates while preserving historical values. The tool pulls rates overnight and allows up to two manual syncs per day, eliminating the...
GAO Calls for Stricter IRS Oversight of Tax Preparers
The Government Accountability Office released a report warning that unpaid tax preparers, especially unenrolled ones, frequently make serious errors that can cost taxpayers benefits and trigger audits. Over half of individual filers used a paid preparer in fiscal year 2024,...
4 Ways to Strategically Manage Cash Flow
Effective cash‑flow management remains a top priority for finance leaders, with 43 % citing it as a key concern. Leveraging commercial cards enables early‑pay discounts, extending working capital and improving DPO and DSO. Negotiating longer supplier terms and deploying real‑time reporting...
NABA and TSCPA Partner on Accounting Pipeline
The National Association of Black Accountants (NABA) and the Tennessee Society of CPAs (TSCPA) have formed a partnership to combat the accounting talent shortage. The collaboration will coordinate student‑focused programs, mentoring, networking, and professional‑development initiatives. TSCPA becomes the first state...
Q&A: Financial Lessons From Northwell’s ACO
Northwell Health, a long‑time participant in the Medicare Shared Savings Program, has generated shared savings while treating about 90,000 attributed beneficiaries and is gearing up for downside risk in 2027. The system focused on care coordination, especially mental‑health screening and...
CalPERS Wants Its GPs to Do Better on Transparency
CalPERS, the $613.7 billion California public‑employees pension, announced it will require its private‑equity general partners to provide far greater transparency on portfolio‑company data. CEO Marcie Frost said enhanced visibility will sharpen risk management and fulfill fiduciary responsibilities. The fund plans to...
Financial Details Emerge In Hall’s Lakeland Exit
MARC Radio Group has finalized a purchase of Hall Communications' radio stations in the Lakeland‑Winter Haven market, marking the broadcaster's exit from the region. The deal, disclosed by RBR+TVBR, includes financial terms that reveal the price MARC paid to acquire...
Spirit Airlines Is Betting on This Air-Travel Trend as It Prepares to Emerge From Bankruptcy
Spirit Airlines announced a deal with creditors that will allow it to exit Chapter 11 bankruptcy by late spring or early summer 2026. The restructuring will shrink the carrier’s balance sheet, cutting debt from $7.4 billion to about $2.1 billion, and will trim...
Home Depot Beats Q4 Expectations Even as Housing Market Remains Challenged
Home Depot reported fourth‑quarter sales of $38.2 billion, a 3.8% year‑over‑year decline, yet the results beat analyst expectations. Net income slipped 14.2% to $2.6 billion and operating income fell 14.4%, reflecting pressure from a sluggish housing market. Full‑year sales rose 3.2% to...
COSO Releases Guidance on Internal Controls for AI
The Committee of Sponsoring Organizations (COSO) issued new guidance on internal controls tailored for generative AI. It adapts COSO’s five‑component framework—control environment, risk assessment, control activities, information & communication, and monitoring—to address AI’s probabilistic, dynamic, and scalable nature. The guidance...
How Wealth Management Partnerships Can Benefit CPA Practices
CPA firms face a talent crunch and rising technology costs, prompting many to reconsider traditional growth routes. In 2024, financial‑services acquirers accounted for 32.9% of accounting sector deals, up from 18.9% in 2023, highlighting a shift toward wealth‑management partnerships. Such...
Better Turns to Stablecoin for Warehouse Funding Alternative
Better.com announced it will use a US‑backed stablecoin to finance its mortgage warehouse line, marking a first for a major U.S. mortgage originator. The company plans to tap USDC on a public blockchain to raise short‑term capital, bypassing traditional bank...
Short Takes: Home Prices Tick Up / Chase Offering Rate Discount / Bed Bath & Beyond Getting Into Mortgages /...
Home prices edged higher in the latest quarter, while Chase announced a modest rate discount to spur loan demand. Retail giant Bed Bath & Beyond entered the mortgage origination space, signaling non‑traditional players’ interest in housing finance. Bayview Capital began stocking GSE‑eligible loans...
The Evolving Nature of Direct Secondaries Valuations
Direct secondaries are emerging as a leading exit strategy for private‑equity portfolios, prompting a reassessment of how these assets are valued. Subu Parmeswaran of Valuation Research Corporation highlights that traditional static models no longer capture the nuanced risk‑adjusted returns of these...
IMF Expects Godongwana to Maintain Budget Surplus Target of 1.5% of GDP
The IMF’s South Africa mission chief expects Finance Minister Enoch Godongwana to keep the primary budget surplus at 1.5% of GDP and to embed the necessary fiscal reforms in the 2026 budget. The Fund highlighted controlling the public‑sector wage bill,...
Meridiam Seals €2.2bn for Fund Extending Exposure to Long-Hold European Infra Assets
Meridiam has closed its latest infrastructure fund with €2.2 billion of commitments, extending its exposure to long‑hold European assets. The capital raise reached final close this week, adding to the firm’s growing pool of long‑term infrastructure capital. The new vehicle will...
Podcast: Rethinking Industrial Equipment Sales: Inside Corbel’s AI-Driven Approach
Corbel, a next‑generation CPQ platform, is using generative AI to overhaul industrial equipment sales. The system mines unstructured data—PDFs, videos, sales transcripts—to deliver instant technical answers and embeds financing options directly into the buying flow. By keeping human sales reps...
What Brought Down Botkeeper?
Botkeeper announced its shutdown in early February, blaming a "perfect storm" of macro‑economic shifts and unexpected industry consolidation. Experts say rapid mergers among large CPA firms dramatically shrank Botkeeper's addressable market, exposing the weakness of its flat‑rate subscription model. The...
Govt to Divest up to 4% Stake in IRFC via OFS Starting Wednesday, Sets Floor Price at Rs 104 per...
The Ministry of Railways has launched an offer‑for‑sale (OFS) to off‑load up to 4 % of Indian Railway Finance Corporation (IRFC) equity, equivalent to 26.13 crore shares, with a green‑shoe option for an additional equal tranche. The floor price is fixed at...
Brookfield-Backed Rockpoint Gas Storage Closes C$459 Million Secondary Offering
Brookfield-backed Rockpoint Gas Storage completed a secondary offering, selling 16.4 million shares at C$28 per share. The transaction generated approximately C$459 million in gross proceeds, including shares issued under an over‑allotment option. The capital raise bolsters the company’s balance sheet and funds...
Navigating the Shift in Professional Services with AI
AI agents from vendors like Anthropic are automating tasks traditionally performed by entry‑level consultants in finance, law and other professional services. Kantata’s chief product officer Sarah Edwards explains that the industry is moving from a head‑count‑driven pyramid to an upside‑down...
26North’s Josh Harris: Retail Capital Presents ‘Recipe for Problems’
At the PEI Group’s NEXUS 2026 conference, 26North veteran Josh Harris warned that blending unaccredited retail investors with traditional wealth capital in private‑market vehicles creates a regulatory mismatch. He argued that differing oversight levels could spark investor backlash and damage the...
Schaeffler India Announces Rs 35/Share Dividend. Check Payment Date, Dividend Yield
Schaeffler India announced a Rs 35 per share dividend for FY 25, payable within 30 days of its AGM on 30 April 2026. The company posted a 36% jump in Q4 net profit to Rs 322 crore and revenue rose 28% YoY to Rs 2,724 crore. Profit after...
Sylvania Posts Healthy Financials on the Back of Higher Production, Prices
Sylvania Platinum posted a 110% year‑on‑year jump in net revenue to $99.8 million for the six months to 31 December, driven by a 25% rise in 4E PGM production and a 55% increase in basket prices. Adjusted EBITDA surged 414% to $51 million...
Is Your ETF Habit Hiding a Systemic Risk?
Passive and thematic ETFs are funneling large inflows into market‑cap‑weighted indices, disproportionately boosting the biggest and most volatile stocks and creating a systemic risk that may outpace liquidity. In Canada, strategist Michael Green warns that this distortion decouples prices from...
Exclusive: IPO-Bound Infra.Market To Raise ₹1,250 Cr Debt Funding
Infra.Market, the Indian B2B construction‑materials platform, is raising ₹1,250 crore (≈$137 million) in debt from Singapore‑based Ascertis Credit. The loan will be secured by the company’s assets, promoter shares and stakes in its subsidiaries such as RDC Concrete and Neptune Readymix. Proceeds...
Canton Advances Cross-Border Repo to Free up $300 Trillion Assets via Tokenization
A consortium of leading financial institutions executed the first cross‑border, intraday repurchase agreement using tokenized U.K. government bonds on the Canton Network. The trade featured the inaugural cross‑currency swap of tokenized gilts for tokenized deposits, with smart contracts encoding interest...
SFO Names New Chief Financial Officer
San Francisco International Airport announced Ronda Chu as its new chief financial officer. Chu will manage the airport’s operating budget, fiscal programmes, and revenue‑enhancement initiatives while overseeing finance, accounting, risk‑management, and procurement services. She brings more than 25 years of...
Citizens’ CIO on the Ethos that Led the Bank Into the Cloud and Beyond
Citizens Bank’s Chief Information Officer Michael Ruttledge outlines how the institution’s "Next Gen Technology" initiative has driven a full migration of its legacy mainframe workloads to public cloud platforms Azure and AWS. Since joining in 2019, Ruttledge has overseen a...
‘No Project Above 100MW Is Fully Merchant’: Bankability in Focus as Energy Storage Summit 2026 Kicks Off
The opening panel at the Energy Storage Summit 2026 focused on making large‑scale battery energy storage systems bankable. Speakers highlighted that roughly 80% of UK BESS capacity is underwritten by tolls or floor contracts, and no project above 100 MW operates fully...
ESMA Reminds Firms of Their Obligations Under CFD Product Intervention Measures Amid Rising Offerings of Perpetual Futures
The European Securities and Markets Authority (ESMA) issued a reminder that firms must verify whether newly offered perpetual futures and similar derivatives fall within the scope of existing CFD product‑intervention measures. The regulator highlights that many of these instruments, including...
Retired Vice Admiral William Hilarides Finds Calling as PE Backs Defense Industry
Retired Vice Admiral William Hilarides has taken a senior role at Ventus Industrial, a private‑equity‑backed firm targeting the defense industrial base. He says his mission is to accelerate shipbuilding capacity and help portfolio companies produce at the pace the Navy...
Tax Treatment of the Pass-Through Business Sector: A Primer
The U.S. pass‑through business sector—partnerships, S corporations and sole proprietorships—now employs most private‑sector workers and accounts for roughly half of business income. Its growth stems from long‑standing tax advantages, especially the Section 199A deduction that lowers effective rates compared with C...
Malatsi Throws Weight Behind Dell’s EEIP Application
Communications Minister Solly Malatsi has recommended approval of Dell Technologies' Equity Equivalent Investment Programme (EEIP) renewal, extending the commitment for another ten years and pledging over R230 million into South Africa. The EEIP framework allows multinationals to meet B‑BEE targets through...
NPTN by LMS Joins Bank of England Synchronisation Lab to Tackle Remortgage Friction
LMS, through its NPTN network, has entered the Bank of England’s Synchronisation Lab to pilot a synchronized settlement model for remortgages. The eight‑week test will run in a simulated Real‑Time Gross Settlement (RTGS) environment, splitting payments into earmark and settle...
CCEA Enhances Equity Investment Limit for Powergrid Subsidiaries to ₹7,500 Crore
The Cabinet Committee on Economic Affairs approved raising Powergrid's equity investment ceiling from ₹5,000 crore to ₹7,500 crore per subsidiary, while keeping the 15 percent net‑worth cap. The change enables the Maharatna CPSE to fund larger transmission projects, including UHVAC and HVDC corridors,...
Home Depot Sees Fiscal 2025 Sales Surpassing $164 Billion US
Home Depot reported fiscal 2025 sales of $164.7 billion, a 3.2% increase over the prior year, driven by modest comparable sales growth. Fourth‑quarter sales slipped 3.8% to $38.2 billion, reflecting a shorter reporting period and lingering consumer uncertainty. Net earnings fell slightly...
GIVA’s Loss Widens 23% To ₹72 Cr In FY25, Revenue Jumps 90%
GIVA, the Bengaluru‑based D2C jewellery startup, posted FY25 revenue of ₹518 Cr, an 89% jump from the prior year, while its consolidated net loss widened 23% to ₹72.3 Cr. The surge was driven by rapid offline store expansion, higher material costs and...
Permissibility Is the Real Prize for Banks in Crypto Bill
The U.S. market‑structure bill’s permissibility section would formally allow banks and their holding companies to own and transact in digital assets, effectively expanding the range of activities deemed permissible under the National Bank Act. Critics argue that simply placing an...
Buffers for Greater China, US Exposures ‘More than Adequate’ as Bad-Debt Formation Slows in Q4: UOB
UOB's CFO Leong Yung Chee said the bank's provisions for commercial‑real‑estate exposures in Greater China and the United States are more than adequate as bad‑debt formation slowed in Q4 2025. Problematic US CRE loans represent about 1% of the local...
Water Infra in Vogue as Ambienta’s NDA Makes Add-On; Hg Seeks AI Adoption at Portcos via New Initiative
Water infrastructure is emerging as a hot‑spot for private‑equity investment, driven by stable cash flows and climate‑related demand. Ambienta has signed a non‑disclosure agreement to pursue an add‑on acquisition in the sector, signaling confidence in further consolidation. Meanwhile, Hg announced...
World Bank Enables $1.41 Billion in Funding for Middle Corridor and KTZ
The World Bank’s Board approved an $846 million IBRD guarantee, mobilising $1.41 billion in private financing for Kazakhstan’s Middle Corridor and rail operator KTZ. The funding will finance a 322.3 km Moyynty‑Kyzylzhar line, tariff reforms and institutional support, including IPO preparation. The project...
Secondaries Investor Full-Year 2025 CV Deal Log
Secondaries Investor’s 2024 deal log shows 85 continuation vehicles closed, while an additional 40 vehicles are either launching or under review. Continuation vehicles, which allow private‑equity funds to extend ownership of select assets, remain a dominant tool for managing liquidity....