Brexit News, Chapter News, News, Uncategorized

Speech by Michel Barnier at the European Economic and Social Committee on 23 January 2019

Mr President, dear Luca Jahier, Dear Members of the European Economic and Social Committee, On 6 July 2017, at the very start of the negotiations with the UK, I had the pleasure of addressing you. At the time, I said that everybody needed to prepare for Brexit. I also said that, given the consequences of Brexit, it would not be business as usual: there can be no frictionless trade outside the Single Market and the Customs Union. And finally, I also said to you...

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Brexit News, Chapter News, Uncategorized

EY UK economic forecast

The UK economy will experience tepid growth in 2018 due to a combination of higher inflation, reduced consumer spending and a loss of momentum in the eurozone economy. Our latest summer forecast expects UK GDP to grow by 1.4% in 2018 (the weakest performance since 2012) and 1.6% in 2019 (downgraded from 1.6% and 1.7%, respectively, in the EY ITEM Club’s Spring Forecast). A weak first quarter, with GDP rising by 0.2% quarter-on-quarter (q/q) gave the economy a bad start to...

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Chapter News, Uncategorized

EU – India Summit: strengthening our strategic partnership and moving forward with our common agenda

The 14th Summit between the European Union and India was held today in New Delhi, marking 55 years of diplomatic relations between the world's two largest democracies. The European Union was represented at the Summit by the President of the European Commission, Jean-Claude Juncker and the President of the European Council, Donald Tusk. India was represented by Prime Minister Narendra Modi. The High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Federica Mogherini also attended. The European Union and India have issued...

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Member News, Uncategorized

The Entrepreneurs Report: Private Company Financing Trends

Wilson Sonsini Goodrich & Rosati is pleased to present the latest edition of The Entrepreneurs Report. In this issue, they've compiled a range of data on venture financing transactions in which the firm was involved in 1H 2017, with the objective of identifying relevant trends in activity and valuation levels for the U.S. venture capital industry in general. They also provide data on bridge loans. In addition, They feature an interview with Greg Gottesman, co-founder and managing director of Pioneer...

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Member News, Uncategorized

Stout Advises on Sale of Lloyd Industries, LLC

Stout announced today that its client, Lloyd Industries, LLC (d/b/a LloydPans®), a portfolio company of Centre Lane Partners, LLC (Centre Lane Partners), has been sold to Cornerstone Foodservice Group, Inc., a portfolio company of ShoreView Industries. Stout served as exclusive financial advisor to LloydPans® and Centre Lane Partners in connection with this transaction. Based in Spokane, WA, LloydPans® manufactures branded, off-the-shelf and custom-built commercial-grade cooking, baking, and other products used in consumer and commercial kitchens and restaurants. Customers and end-users...

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Member News, Uncategorized

“Don’t Forget Culture,” by Bill Rhodes

The U.S. Treasury’s recent 147-page report, “A Financial System That Creates Economic Opportunities,” details a rollback of many of the measures imposed to make banking safe and sound after the financial crisis. The proposals include substantial weakening of the Dodd-Frank financial-reform law. At the same time, White House appointments to several bank regulatory agencies are likely to promote measures that result in reductions in bank compliance costs, capital requirements and liquidity constraints. Right now, consideration is also being given in...

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Chapter News, Uncategorized

Investment Plan for Europe: EIB and Santander sign two agreements to support SMEs and finance renewable energy projects

The European Investment Bank (EIB) and Banco Santander have signed two agreements with Investment Plan for Europe guarantees to provide financing for Spanish SMEs and help develop investment in renewable energy. The first of the agreements is a new EIB instrument to spread credit risk across both institutions. This financial instrument will enable Banco Santander to expand its capacity to grant loans to finance new investments from Spanish SMEs, which will be able to benefit from the favourable financing conditions made possible...

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Member News, Uncategorized

Charities Update: Should Your Charity Consider a Merger?

In an era of intense competition for funding and enhanced governance and regulatory standards, a merger of two or more charities can lead to increased efficiencies and improved services for beneficiaries. We explain the most common merger structures for charities and highlight the potential benefits for charities considering a merger.  What is a merger of charities?   A merger of charities is the joining of two or more charities into one, larger organization.   There are several ways that a merger between charities can...

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Uncategorized

Houlihan Lokey Advises Mineral Fusion Natural Brands

Houlihan Lokey is pleased to announce the sale of Mineral Fusion Natural Brands LLC, a portfolio company of North Castle Partners, to BWX Ltd. (ASX:BWX). The transaction closed on June 30, 2017. Mineral Fusion Natural Brands is a leading natural beauty and personal care company and the owner of the market-leading Mineral Fusion brand with the No. 1 position in natural cosmetics. Its innovative collection of antioxidant-enhanced, mineral-rich cosmetics, hair care, body care, skin care, and nail care products are free from...

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