Work is wrapping up on Central Park Tower, a 1,550-foot residential supertall in Midtown and number two on our year-end countdown. Addressed as 217 West 57th Street, the 98-story tower is designed by Adrian Smith + Gordon Gill and developed by Extell and stands as the tallest residential building in the world and the tallest structure in New York by roof height. The property yields 179 condominiums marketed by Corcoran Sunshine above a Nordstrom retail podium bound by West 57th and West 58th Streets and Broadway and Seventh Avenue.
Source Here: newyorkyimby.com
Walmart Fintech Buys Earned Wage Access Firm Even in ‘super App’ Pursuit
Former Goldman Sachs exec Omer Ismail will serve as CEO of the combined business, which includes One Finance, a digital financial services company the retailer also bought Wednesday.
BDA and William Blair Advise EQT on Sale of ELEVATE to LRQA
New York, NY January 27, 2022 –(PR.com)– BDA Partners is pleased to announce that EQT, advised by BDA in conjunction with William Blair, has agreed to sell its majority stake in ELEVATE to LRQA via its EQT Mid Market Fund. Under the transaction, ELEVATE will be acquired by LRQA and Ian Spaulding, who has led the successful growth of ELEVATE since its inception in 2013, will join the LRQA executive team. The transaction is subject to regulatory approvals and is expected to close in 2022.
Headquartered in Hong Kong, ELEVATE is a market leading, premium provider of customized solutions focusing on ESG and supply chain effectiveness with operations in more than 100 countries. The Company supports over 450 corporate customers along global supply chains within ESG and sustainable sourcing through a unique combination of in-depth insights driven by on-the-ground presence, high-quality and comprehensive services and data analytics. EQT Private Equity acquired a majority interest in ELEVATE in 2016, with the founders and management retaining significant stakes in the Company.
Headquartered in the UK, LRQA is the leading global assurance provider bringing together expertise in certification, cybersecurity, inspection, and training. LRQA focuses on helping companies negotiate a rapidly changing risk landscape, with the ambition to lead the digital transformation of the assurance market. LRQA was formed from the sale of the Business Assurance and Inspection Services division of Lloyd’s Register, to funds managed by Goldman Sachs Asset Management.
BDA Partners and William Blair acted as exclusive financial advisors to EQT on the transaction. Terms were not disclosed.
Vesa Koskinen, Partner within EQT Private Equity’s Advisory Team, said, “It has been an exciting journey with ELEVATE which is now a global leader of ESG and supply chain services and a pioneer in the industry. Ian and the management team have done a fantastic job in driving the Company’s strategic vision and we are proud to …
UBS to Buy Wealthfront in $1.4B US Wealth-management Push
The deal, slated to close after June, gives the Swiss bank 470,000 new clients and $27 billion in assets under management from the fintech, and an entry point to millennials and Gen-Zers with $250,000 to $2 million.
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