• Achiievers Equities Ltd brings 8 times delivery exposure for its investors
• The company is offering 8 times exposure on the Cash and Share Balance for its investors from January 1, 2017

MetLife Hong Kong*, a wholly-owned subsidiary of MetLife, Inc., the #1 U.S. life insurer^, continued its winning streak at the BENCHMARK Wealth Management Awards this year by winning in eight categories, including both Brand of the Year and Best-in-Class Digital Marketing for the second consecutive year. MetLife Hong Kong has won 23 BENCHMARK awards since 2014.

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MetLife Hong Kong receives eight accolades at the BENCHMARK Wealth Management Awards 2016. (Photo: MetLife Hong Kong)

As one of the most esteemed industry awards in Hong Kong, the annual BENCHMARK Wealth Management Awards recognizes financial institutions for best practices in areas including corporate governance, customer experience, marketing effectiveness, use of technology, product development and innovation. In addition to these areas, BENCHMARK has recognized MetLife Hong Kong for its outstanding broker support.

Mr. Lee Wood, Chief Executive Officer of MetLife Hong Kong, said, "Winning these accolades is a nod to our absolute focus on customers, the commitment to which has translated into a culture of top-notch innovation and customer centricity. The annual BENCHMARK Wealth Management Awards is one of the most prestigious awards in Hong Kong, and our consecutive years of success is a validation of the steps we are taking to achieve our core objective in Hong Kong – to become a leading insurer in the market. I am honored to be representing MetLife Hong Kong for this proud moment."

Ms. Sunshine Farzan, Head of Marketing and Communications, added, "As back-to-back winners of Brand of the Year and Best-in-Class Digital Marketing and now Best-in-Class for Mobile Touchpoints for the Agency's WeTag, it's clear that the industry is recognizing our use of digital to drive innovation and an enhanced customer experience. Moreover, it's heartening to be listed as an Outstanding Achiever for Women's Employer and Best-in-Class Young People's Employer, both of which fully reflects our steadfast values of diversity and inclusion. BENCHMARK recognition is certainly an honor and an inspiration to continue striving for excellence."

MetLife Hong Kong won the following awards at this year's ceremony:

About MetLife

MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates ("MetLife"), is one of the largest life insurance companies in the world^#. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information about MetLife Hong Kong*, visit www.metlife.com.hk.

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TA Associates, a leading global growth private equity firm, today announced promotions earned by four investment staff members in TA’s Boston, London and Mumbai offices, effective January 1, 2017.

“These talented individuals earned their promotions through the quality of their character and, consistent with their roles, demonstrated investment judgment, creativity and work ethic to generate positive investment performance for TA’s investors, as well as other meaningful contributions to the firm,” said Brian J. Conway, Chairman and Managing Partner at TA Associates. “We are pleased to recognize their accomplishments thus far and look forward to their continued contributions to TA Associates.”

Birker B. Bahnsen was promoted to Managing Director from Director. He is based in the London office of TA Associates (UK), LLP, focusing on investments in European healthcare and cross-sector Nordic companies. Mr. Bahnsen led TA’s investments in Amann Girrbach, Internationella Engleska Skolan (NDAQ: ENG), MIS Implants Technologies and PhysIOL, and was actively involved in TA’s investment in Cath Kidston. He currently serves on the Board of Directors of Amann Girrbach, Internationella Engelska Skolan and PhysIOL, and formerly served on the Board of MIS Implants Technologies. Prior to joining TA in 2009, Mr. Bahnsen was an Associate Director at HgCapital. He also worked in the GIR Healthcare team as an Associate at Goldman, Sachs & Co. Mr. Bahnsen received a BA and MEng degree in Manufacturing Engineering from the University of Cambridge and an MSc degree in Behavioral and Cognitive Science from the University of Oxford.

Ethan K. Liebermann was promoted to Principal from Senior Vice President. He is based in TA’s Boston office, focusing on healthcare investments in North America. Mr. Liebermann led TA’s investment in MedRisk, co-sponsored TA’s investments in CCRM and SoftWriters, and was actively involved in eviCore healthcare (formerly MedSolutions). He currently serves on the Board of Directors of CCRM and MedRisk, and formerly served on the Board of SoftWriters. Prior to joining TA in 2007, Mr. Liebermann worked in the Global Healthcare Corporate and Investment Banking group at Banc of America Securities. Mr. Liebermann received a BA degree in Economics and Biology from the University of Pennsylvania and an MBA degree from the Harvard Business School.

Aditya Sharma was promoted to Senior Vice President from Vice President. He is based in the Mumbai office of TA Associates Pvt. Ltd., focusing on investments in companies in India. Mr. Sharma advised on TA’s investments in Atria Convergence Technologies, Shilpa Medicare (NSE: SHILPAMED) and TCNS Clothing Company. Prior to joining TA in 2008, he worked in the Telecoms and Media Investment Banking Division at Lehman Brothers in London. Mr. Sharma received a BSc degree, with First Class Honors, in Economics from the London School of Economics and Political Science, and an MBA degree from The Wharton School of Business.

Vivek Mohan was promoted to Vice President from Senior Associate. He is based in the Mumbai office of TA Associates Pvt. Ltd., focusing on investments in technology, financial services and consumer companies in India. Prior to joining TA in 2012, Mr. Mohan was an Associate in the Investment Banking Division at Morgan Stanley. He also worked at Macquarie Capital Advisers and Goldman Sachs. Mr. Mohan received a BE degree, with Honors, in Electrical & Electronics from the Birla Institute of Technology & Science, Pilani and an MBA degree from the Indian Institute of Management Calcutta where he was an Aditya Birla Scholar.

About TA Associates
TA Associates is one of the largest and most experienced global growth private equity firms. The firm has invested in more than 470 companies around the world and has raised $24 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the consumer, business services, financial services, healthcare and technology industries. More information about TA Associates can be found at www.ta.com.

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• Empowers its 56000+ workforce using twin track capability building along with best in class partners for core banking specializations with new skills
• Partners with globally renowned institutes such as INSEAD, CRISIL, INSOFE to build proficiencies in employees
   

1. AXIS INSEAD Digital Leadership Academy
2. Axis CRISIL Credit Academy
3. Axis CRISIL Risk Academy
4. Axis INSOFE Analytics Academy
5. Axis Trade & Forex Academy

Four major Indian finance firms are strengthening their operations at DIFC, highlighting the Dubai financial free zone’s position as a natural platform for investment from the subcontinent.

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Dubai International Financial Centre (DIFC) Gate (Photo: ME NewsWire)

Kotak Mahindra Bank and Federal Bank are upgrading their representative office status to Category 1 License, giving them a full range of banking and professional services out of DIFC.

HDFC Life and Axis Bank, the third largest of the private-sector banks in India, are also strengthening their operations.

The move is further testimony to DIFC’s status as a global financial services hub, connecting Indian business to an US$7.8 trillion Middle East, Africa and South Asia (MEASA) region.

DIFC is home to many of India’s leading banks and financial institutions. The financial hub, already home to 1,500 firms and 21,000+ professionals, is already viewed as a ready-made ecosystem of expertise and services. Arif Amiri, CEO at DIFC Authority, explains: “DIFC continues to be the natural platform for Indian banks and financial services firms looking to grow their international presence from an internationally regulated, English common law base and unparalleled connectivity into the fast growing but underserved MENA region.

“Through investment, credit lines and liquidity support for the privatization, economic diversification and infrastructure developments in the region and also as a gateway for foreign direct investment back into the fast reforming Indian economy itself, there are enormous opportunities for Indian banks here in DIFC.”

India is the UAE's second largest trading partner. According to Government of India figures, bilateral trade crossed the US$59 billion mark in FY 2014-15.

Over 2.5 million Indians reside in the UAE - by far the largest expatriate group in the country - with over 40,000 Indian-owned firms thriving on UAE soil.

DIFC is on track to achieve its target of hosting 100 Indian firms by 2024. It is currently home to many of India’s leading banks and financial institutions, including Axis Bank, ICICI Bank, IDBI Bank, Punjab National Bank, Union Bank of India, State Bank of India, Canara Bank, Aditya Birla Sun Life Asset Management, IL&FS Global Financial Services, IIFL Private Wealth Management and Kotak Mahindra Financial Services.

Federal Bank’s enhanced operations in Dubai will help serve a fast-growing overseas client base estimated at over 800,000 while Kotak Mahindra Bank’s presence is expected to help raise off-shore deposits and offer asset products.

Axis Bank sees significant elements of their business coming from the DIFC client base, while leading private sector life insurance firm HDFC Life became the first Indian reinsurer to set up operations within the financial district in 2016.

*Source: ME NewsWire

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McCourt Global, the business arm of McCourt LP, today announced that Frank H. McCourt, Jr., Chairman and Chief Executive Officer of McCourt LP, and Mark Walter, a founder and the Chief Executive Officer of Guggenheim Partners, have launched McCourt Partners, a private investment platform with over $1 billion in permanent capital. The McCourt Partners investment platform represents an evolution of the successful joint venture by the same name launched in 2012 following the historic $2.2 billion sale of the Dodgers franchise by McCourt to an investment group led by Walter.

Initially focused on real estate development, the joint venture made significant investments in flagship development projects in New York City, London, Miami, and Austin totaling more than 5.5 million square feet. Going forward, McCourt Partners will have an expanded mandate to invest in an array of sectors ranging from real estate to finance, and other private equity opportunities. Drew McCourt, President of McCourt Global, will lead McCourt Partners until a CEO has been named.

“We are very pleased and excited to expand our relationship with Frank McCourt and his company,” said Mark Walter. “Having the opportunity to build a significant business with someone who shares my values and has similar philanthropic views and goals is something I value greatly.”

“When I sold the Dodgers my first priority was finding an owner who would help the team achieve continued success and, if the team’s performance is any indication, Mark Walter has been a great choice,” said Frank McCourt. “I would say the exact same thing about deciding to launch this business venture with Mark – it was a great choice. Mark and I share the same core values and we’ve been fortunate to see quick success in the early years of our partnership. I anticipate great things ahead for McCourt Partners as we diversify our focus beyond real estate and create a significant presence in the global marketplace.”

McCourt, who recently purchased the French football team Olympique de Marseille, is a fourth-generation business leader with family roots in real estate and construction dating back to 1893. He has achieved critical success over his 40-year career, with initiatives ranging from the development of Boston’s Seaport to large, mixed-used real estate development projects in the U.S. and abroad. McCourt’s other business interests include MGG Investment Group, Global Champions Tour, Conqur Endurance Group, and Skyware Technologies. He is also a philanthropist and passionate supporter of several academic, civic, and cultural institutions and initiatives including the McCourt School of Public Policy at Georgetown University; The Future Project, one of the fastest growing non-profits in America; and The Shed, an organization developing an innovative and architecturally significant arts and cultural center in the heart of New York City.

Walter is a founder and the Chief Executive Officer of Guggenheim Partners, Chairman and controlling owner of the Los Angeles Dodgers and the Los Angeles Sparks, controlling owner of Delaware Life Insurance Company, owner of the White Oak Conservation Center and an investor in other businesses. He serves as a trustee or director of several organizations, including the Solomon R. Guggenheim Foundation, Northwestern University, The Field Museum of Natural History, Chicago Beyond, Inc., Get IN Chicago, the Los Angeles Dodgers Foundation, Guggenheim Partners, Ongava Game Reserve (Pty) Ltd. and others. Like McCourt, Walter is a philanthropist focusing his efforts in education, conservation, social justice, the urban attainment gap and other civic and cultural organizations.

About McCourt LP

McCourt LP is a family-owned enterprise focused on building long-term value through entrepreneurial, strategic, and philanthropic investments and partnerships. Under the leadership of Frank H. McCourt, Jr., over the last four decades, McCourt LP’s business initiatives have ranged from development of Boston’s Seaport and ownership of the Los Angeles Dodgers to major real estate development projects in New York City, London, Miami, and Austin and ownership of the iconic French football club, Olympique de Marseille. McCourt LP’s current portfolio, managed by its business arm, McCourt Global, includes operating companies and active investments in the areas of real estate investment and development, finance, sports, media, and communications. McCourt LP is based in New York City with offices in the United States, the United Kingdom, and France.

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Madrona Venture Group, an early-stage venture capital firm, announced the appointment of S. “Soma” Somasegar to the role of Managing Director.

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S. Somasegar was appointed managing director at Madrona Venture Group. (Photo: Business Wire)

Soma joined Madrona in November 2015 as a Venture Partner, following a more than twenty five year career at Microsoft leading the company’s Developer Division and responsible for the Visual Studio and .NET family of products that enable tens of millions of developers to build applications and services for client, server, mobile and cloud platforms. Soma was also responsible for Microsoft’s R&D labs in Boston, China, India and Israel.

As a Venture Partner at Madrona, Soma became a powerful voice at the table on key investment areas including Machine Learning/Artificial Intelligence, Virtual Reality/Augmented Reality, next generation cloud infrastructure and intelligent applications. Soma led investments in Shyft and CloudCoreo, and he is also the Board Chair at Pixvana.

Soma also led an initiative focused on machine learning and artificial intelligence, authoring several articles and hosting Madrona’s first annual conference on machine learning in Seattle attended by more than 150 members of the business, investing, and engineering community.

“Madrona is in a unique position. We sit at the center of the cloud industry with Microsoft and Amazon at our front and back doors – and Google’s cloud team growing quickly,” commented S. Somasegar. “There is a tremendous amount of talent base here. The opportunity for entrepreneurs is immense and I’m looking forward to taking on a bigger role helping founders build and scale successful companies, which in turn will foster the vibrant and growing Pacific NW technology ecosystem.”

As Cloud Native technologies and DevOps take hold, the technology industry is seeing a shift that puts developers at the center of technology innovation and value creation. Soma’s background and expertise in working with the developer community is invaluable to driving Madrona’s investment thesis, thought leadership, and strategic partnership with entrepreneurs.

“Soma has had a huge impact in the year he has been on board with Madrona. His operating experience and technology expertise have been essential as he worked with portfolio companies at all stages to create product, business and management practices for sustainable growth,” commented Matt McIlwain, managing director, Madrona Venture Group. “As we continue to invest in and work with companies driving the emergence of machine learning and intelligent apps, Soma will be a crucial contributor to our region’s leadership in setting the technology agenda.”

Over the last decade, Soma has been an active angel and seed investor, nurturing and supporting companies across the information technology landscape in the US as well as internationally. Some of his investments as an angel include Highspot, Buuteeq, Amperity, Discord, Indix, Sulekha.com, and Talentwise.

Soma holds a master's degree in computer engineering from Louisiana State University and a bachelor's degree in electronics and communication engineering from Guindy Engineering College, Anna University in Chennai, India. Soma aso received an Honorary Doctorate from Anna University for accomplishments in the fields of Technology and Computer Science.

About Madrona Venture Group

Madrona (www.madrona.com) has been investing in early-stage technology companies in the Pacific Northwest since 1995 and has been privileged to play a role in some of the region's most successful technology ventures. The firm invests predominately in seed and Series A rounds across the information technology spectrum, including consumer Internet, commercial software and services, digital media and advertising, networking and cloud computing, and mobile. Madrona manages approximately $1 billion and was an early investor in companies such as Amazon.com, Apptio, Rover.com, and Redfin.

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NOT FOR DISTRIBUTION IN THE UNITED STATES

Vedanta Resources plc (“Vedanta”, LSE:VED) today announced the pricing of the offering of bonds in the aggregate principal amount of US$ 1.0billion of 6.375% Bonds due 2022 (the “Bonds”).

Vedanta intends to use the net proceeds from this offering primarily to fund its offer to purchase for cash any and all of its outstanding US$ 750,000,000 9.50% Bonds due 2018 (“2018 Bonds”) and US$ 1,200,000,000 6.00% Bonds due 2019 (“2019 Bonds”), and to repay its other existing indebtedness. Vedanta has received and accepted for purchase approximately US$ 370,868,000 of the 2018 Bonds and US$ 425,028,000 of the 2019 Bonds (excluding US$ 227,000 of the 2018 Bonds and US$ 200,000 of the 2019 Bonds that remain subject to the guaranteed delivery procedures).

With this transaction, Vedanta has proactively refinanced part of its 2018 and 2019 maturities and extended average debt maturity.

Vedanta received strong investor interest for the tenders and these bonds, underlining the access that it has to the capital markets and diversified funding sources. This is the largest single-tranche G3 high yield bond issuance from Asia ex-Japan since 2015.

Tom Albanese, Chief Executive Officer said, “This transaction is in line with our financial strategy to extend maturities, optimise the balance sheet, and create value for all stakeholders. We are pleased with the strong demand these bonds received, with support from all major markets.”

The Bonds are being offered and sold in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (“Securities Act”), and outside the United States under Regulation S under the Securities Act. The offering is expected to close on 30 January 2017, subject to customary closing conditions.

Barclays, Citigroup, J.P. Morgan and Standard Chartered Bank (all appearing in alphabetical order) are acting as Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners.

The Bonds are expected, on the closing date, to be rated “B3” by Moody’s and “B+” by S&P. Vedanta intends to list the Bonds on the Singapore Exchange Securities Trading Limited (the “SGX-ST”). Admission of the Bonds to the official list of the SGX-ST is not to be taken as an indication of the merits of the offering, Vedanta or the Bonds.

Stabilisation FCA/ICMA

About Vedanta Resources plc

Vedanta Resources plc (LSE: VED) is a globally diversified oil and gas, metals and mining and commercial power generation company. Vedanta Resources plc’s businesses are principally located in India with additional operations in Zambia, Australia, South Africa, Liberia and Namibia and over 70,000 employees worldwide. To learn more about Vedanta Resources plc, please visit its website at www.vedantaresources.com.

Cautionary Statement Concerning Forward-Looking Statements:

Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbour created thereby. Actual results may differ materially from these statements. The words “expect,” “anticipate,” “project,” “believe” and similar expressions identify forward-looking statements. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the Company’s current complement of businesses, which is subject to change. For the Company, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause the Company’s actual future results to be materially different that those expressed in these forward-looking statements. Statements in this press release speak only as of the date of this press release, and the Company disclaims any responsibility to update or revise such statements.

Disclaimers:

This announcement is not for publication or distribution, directly or indirectly, in or into the United States. Securities have not been and will not be registered under the Securities Act, or any state securities laws of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. Any public offering of securities to be made in the United States will be made by means of an offering memorandum that will contain detailed information about the Company and its management, as well as financial statements. Vedanta has no intent to register the securities in the United States or any other jurisdiction.

This announcement is neither an offer to sell nor the solicitation of an offer to buy the Bonds and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organisation.

The Bonds will only be offered to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.

This announcement should not be considered as an advertisement, invitation, offer, sale or solicitation of an offer to subscribe for or purchase any securities, whether by way of private placement or to the public in India. The Bonds will not be offered or sold, and have not been offered or sold in India by means of any offering document or other document or material relating to the Bonds, directly or indirectly, to any person or to the public in India.

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Wells Fargo & Company (NYSE:WFC) announced that Jafar Amin has been named the new regional president for its Asia Pacific (APAC) region, succeeding Jim Johnston who served as interim regional president. Amin is based in Hong Kong and reports to Richard Yorke, chief operating officer for Wells Fargo’s Wholesale Banking business.

“We continue to grow our business in Asia by providing our corporate, commercial and financial institution customers with access to our U.S. and international products and services, industry-leading global financial institution network, and best-in-class technology,” said Yorke. “With his extensive industry and leadership experience, I am confident that Jafar will build upon this success as we continue to strengthen our capabilities and serve all our customers across this very important region.”

As regional president, Amin will work with other Wells Fargo business leaders to serve commercial, corporate and financial institution customers across APAC. He will also represent the interests of Wells Fargo to regional regulators, government officials, central banks, and financial institutions in the Asia Pacific region.

Wells Fargo currently has 1,600 Wholesale Banking team members in Asia Pacific to serve its corporate, commercial and financial institution customers doing business across the region. With branches in Beijing, Hong Kong, Seoul, Shanghai, Singapore, Taipei and Tokyo, representative offices in nine other cities, and other operating entities in China, Australia and New Zealand, Wells Fargo currently operates 12 lines of business throughout Asia Pacific.

In addition to his role as regional president, Amin was also appointed head of Wells Fargo’s Global Financial Institutions (GFI) business in APAC, leading a team that manages relationships with financial institutions throughout the region. GFI provides relationship coverage to international financial institutions, supranationals, sovereigns and agencies through enterprise-wide product capabilities, including international payment and trade finance solutions. GFI operates on a global platform which focuses on local customer service, compliance and credit risk management.

As head of GFI Asia, Amin succeeds Jim Ho, who was named head of Wells Fargo’s Greater China Business Development and Advisory team. Greater China, including mainland China, Hong Kong, and Taiwan, has become an important and evolving market for Wells Fargo and its Wholesale banking customers. Based in Philadelphia, Ho will lead efforts to strengthen and deepen relationships with customers and key stakeholders across the region.

Amin relocated from London, where he most recently served as executive vice president and head of Global Financial Institutions (GFI) Europe. He managed teams in Frankfurt, London, Madrid, Milan, Paris, and the U.S. that were responsible for managing relationships with financial institutions in 26 European countries.

Before joining Wells Fargo in 2012, Amin was with HSBC for more than 12 years where he held leadership and management positions across various functions, including Financial Institutions, Corporate and Commercial Banking, Public Sector, Global Human Resources, and Transaction Banking in Europe, Asia, and the Middle East. He holds a bachelor’s degree in political science from the University of Toronto. Amin is also a director of Wells Fargo International Banking Corporation and Wells Fargo International Finance, LLC.

Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo, and Toronto.

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170125006324/en/

Pershing Square Holdings, Ltd. (ticker: PSH:NA) posted today its Annual Investor Update Presentation on its website, https://www.pershingsquareholdings.com/company-reports/letters-to-shareholders/. The presentation includes a performance review, an update of the fund’s portfolio and an organizational update.

About Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. (PSH:NA) is an investment holding company structured as a closed end fund that makes concentrated investments principally in North American companies.

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HealthCare Royalty Partners ("HCR") announced several firm developments:

New Chief Medical Officer:

As of January 2017, Dr. Warren Cooper has assumed the role of Managing Director and Chief Medical Officer at HCR. Dr. Cooper initially joined the team in 2016, consulting as an Industry Advisor. Dr. Cooper is a UK-trained physician with over 35 years of experience in the global pharmaceutical industry. HCR’s senior professionals have known Dr. Cooper for over a decade, working closely with him when he served as CEO of Prism Pharmaceuticals (“Prism”), a portfolio company at their prior firm. Prism was a specialty pharmaceutical company that developed the antiarrhythmic agent NEXTERONE, and was ultimately acquired by Baxter International in 2011 for $338 million. Prior to serving as CEO of Prism, Dr. Cooper spent 12 years with Merck, initially as a UK clinical research physician, then as head of European and subsequently Worldwide Clinical Research Operations. Dr. Cooper also previously led AstraMerck’s (now AstraZeneca PLC) cardiovascular division. HCR looks forward to drawing on Dr. Cooper’s tremendous clinical, regulatory and operational experience as it evaluates new investment opportunities.

Investment Professional Promotions:

HCR has promoted John Urquhart to a Principal of the firm. Mr. Urquhart was among the first employees at HCR, joining the firm as an analyst in 2007 and re-joining in 2012 after receiving his M.B.A. from The Wharton School of the University of Pennsylvania. Mr. Urquhart has over a decade of healthcare investing experience in the royalty and structured finance market.

HCR has also promoted Anthony Rapsomanikis to Vice President. Mr. Rapsomanikis joined HCR as an Associate in 2012, and was promoted to Director of West Coast Business Development after establishing the firm’s San Francisco office in 2015. The San Francisco office launched HCR’s strategic initiative to regionalize its business development efforts and better serve the needs of counterparties in key geographic areas.

“John and Tony’s promotions are well deserved and serve as recognition of their growth and contributions to the firm over the past several years,” commented Clarke Futch, co-founder and Chairman of the Investment Committee at HCR.

Regional Office Expansion:

HCR is pleased to announce its plans to open a Boston, MA office in the first half of 2017, which will be led by John Urquhart. Mr. Urquhart will work closely with Clarke Futch, Paul Hadden (Managing Director – Business Development) and the rest of the senior investment team, most of whom will continue to be based in the firm’s headquarters in Stamford, CT.

Paul Hadden commented, “The opening of our Boston office follows the success of HCR’s San Francisco office opening in 2015 and furthers our goal of strengthening local coverage and relationships in the key life science and R&D centers. Recent data shows that Boston and the San Francisco / Bay Area each garnered about one-third of all biotech venture capital investment in 2016 and it is important for us to continue to focus on these markets.”

About HealthCare Royalty Partners

HCR is a private investment firm that purchases royalties and uses debt-like structures to invest in commercial or near-commercial stage life science assets. HCR has $3.4 billion in cumulative capital commitments and is headquartered in Stamford, CT. Over the past decade, HCR's senior professionals have completed more than 60 healthcare investments. For more information, visit www.healthcareroyalty.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170127005274/en/

The sprawling estate and final home of Pablo Picasso in Mougins, France was sold for an undisclosed sum to Brunei financier Rayo Withanage. The Mayor of Mougins confirmed in an official press release the sale as reported by The Wall Street Journal.

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L'Antre du Minotaure in Mougins, France (Photo: Business Wire)

A resident of Bermuda and London, Mr. Withanage is the founder and chairman of Scepter Partners, a direct investment and merchant bank for sovereign investors. He is also a founder of The BMB Group alongside HH Prince Abdul Ali Yil Kabier of the Brunei Royal Family.

The high profile estate L’Antre du Minotaure (the Den of The Minotaur) is widely regarded as one of the finest properties in the south of France.

The property, which was recently lavishly refurbished under the direction of acclaimed architect Axel Vervoordt, covers over three hectares, with olive groves that are over 500 years old. The estate is the largest property of its kind in the area.

Picasso kept one of his most prolific studios in the main house, while living there with his wife Jacqueline and her daughter Cathérine. The house and the gardens were designed personally by Picasso and retain original art and furniture. Upon his death the property housed over $1 billion in art.

Prior to Picasso, the house was owned by the Guinness family and was famed for being a regular summer holiday home for Winston Churchill, who painted a number of works on the property. The origins of the house date back to an Abbey over a thousand years old and is presently adjacent to Notre-Dame-De-Vie which is one of the oldest churches in the region. The gardens are nationally acclaimed in France with some of the largest wisteria trees in Europe and a species of rose cultivated by Picasso himself that only grows on the property.

Under the new ownership, the property will be commissioned for charitable purposes by local foundations and the promotion of the arts through events from which proceeds shall be donated to causes supporting sustainable development initiatives headquartered in Monaco.

The property was most recently owned by Dutch real estate entrepreneur Tom Moeskops and BMB Alliance. The sale was part of a restructuring of the BMB Group which spun out its assets to form Scepter Partners, and was signed at the end of last year.

About Rayo Withanage

Rayo Withanage is the Founder & Executive Chairman of Scepter Partners. Trained as an M&A Lawyer with a masters from the London School of Economics, he spearheaded the development of the merchant banking and principal investment business of Scepter Partners which is a capital syndicate of family and sovereign investors. Scepter's senior management team spun out from the Blackstone Group under the leadership of Anthony Steains in 2015. Headquartered in Bermuda with offices in New York and Hong Kong, Scepter is supported by over $14 billion in discretionary assets and was founded to acquire large cap assets with a focus in natural resources, infrastructure, real estate and media and telecommunications. Mr. Withanage is of Sri Lankan and Portuguese decent. He was born in the Fiji Islands and grew up predominantly in Bermuda, New Zealand and Brunei.

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• Consumer Business readies for Multi-Brand Telecom Distribution
• Enterprise focus continues for growth and profitability with Services geared for robust traction

• Overall Revenue of Rs. 765 Crore in Q3
• Enterprise Business continues to grow with revenue of Rs. 490 Crore in Q3 (+5% YoY) on the back of strong order book growth
• Progress made towards project completion and receivables in the System Integration (SI) business with a collection of Rs. 200 Crore from a major Defence Project
• Consolidated Profit / (Loss) before Tax at Rs. (65.8) Cr in Q3

Constitution Capital Partners (“CCP”), a leading private equity firm focused on North American small to mid-cap buyouts, announced the hiring of Daniel Clare as a Partner and head of the firm’s new office in New York.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170201005161/en/

Daniel Clare (Photo: Business Wire)

Mr. Clare brings over 20 years of industry experience, having most recently worked as a Managing Director at Ascribe Capital, formerly known as American Securities Opportunities Fund, which invests in the debt and equity securities of middle-market companies. Along with his private equity experience, Mr. Clare also served in the consulting and investment banking industries. Mr. Clare, who will focus on building out CCP’s newly established credit business, will have overall responsibility for the New York office and will report directly to Co-Managing Partners, Daniel M. Cahill and John J. Guinee.

“Dan is a terrific addition to our team from both a business and a cultural standpoint,” said Daniel M. Cahill, Managing Partner of CCP. "We searched for and considered many other qualified candidates, but Dan inevitably set himself apart as the leader we need to expand our business offerings and enhance our relationships within the middle market.”

John J. Guinee, Managing Partner of CCP, stated, “Along with his impressive background and successful investment experience, Dan’s quality of character and credibility within the industry make him an ideal fit for our firm. We welcome Dan to CCP and look forward to his future contributions to our existing portfolio and evaluation of new investments.”

Commenting on his hiring, Daniel Clare stated, “I am thrilled to be joining the CCP team and am eager to begin implementing the firm’s strategy for the New York office. CCP has worked diligently to establish a top-tier reputation and I very much look forward to helping execute on strategic investment opportunities and to build upon the firm’s strong history.”

CCP makes strategic investments in high quality, North American middle market buyout funds and makes direct investments across a variety of sectors in North American middle market companies. The firm currently manages approximately $2.7 billion of assets.

Daniel Clare Biography
Daniel Clare heads the Constitution Capital opportunistic credit team. Prior to joining Constitution Capital, Mr. Clare served as a Managing Director at Ascribe Capital, formerly known as American Securities Opportunities Fund, from 2010 to 2016. Previously, Mr. Clare served as a Senior Managing Director at Diamond Castle, a private equity firm focused on leveraged buyout and growth capital investments in middle market companies. Prior to Diamond Castle, Mr. Clare was an investment professional at CSFB Private Equity/DLJ Merchant Banking Partners. Mr. Clare began his professional career as a management consultant at Bain & Company and in the investment banking division at Goldman Sachs & Co.

Mr. Clare received a BA in Political Science from Haverford College, magna cum laude and an MBA from Harvard Business School.

About Constitution Capital Partners (CCP)
Constitution Capital Partners, based in Boston, MA, is a private equity firm that focuses on North American small to mid-cap buyouts. CCP is a disciplined, value-oriented investor with a demonstrated track record of consistently generating top quartile returns. The firm is led by an experienced, cohesive team of investment professionals with significant experience investing in both partnerships and direct investments. For more information about Constitution Capital Partners, please see: www.concp.com.

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