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Advantage Group International Reinforces Focus on Client and Retailer Centricity with New CEO Appointment

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TORONTO, Sept. 29, 2020 /PRNewswire/ — Advantage Group International today announces the appointment of John McLoughlin as their new Chief Executive Officer (CEO).

McLoughlin succeeds Richard Kellam, who leaves Advantage in a strong position after having championed the company’s digital transformation and led the business through one of the most challenging periods of global disruption in our Industry’s history.

As CEO, McLoughlin will reinforce the company’s commitment to its clients and retailers through the delivery of the syndicated engagement program, Advantage Report. Advantage Report is the world’s leading 360º feedback system developed to support suppliers and retailers in measuring, tracking and strengthening their B2B performance. As COVID-19 has clearly shown, when supplier and retailer partnerships are at their strongest, outstanding outcomes are created.

Having joined Advantage in 2006, McLoughlin has dedicated nearly 15 years to the growth and development of the business in a variety of capacities: from opening the Advantage Australian business to launching and providing leadership as Executive and Managing Director for APAC of Advantage’s operations in China, New Zealand, Thailand, Malaysia, Indonesia, the Philippines, the United Arab Emirates and the Kingdom of Saudi Arabia. This expansion into the fast-growing Southeast Asian and Middle Eastern markets has proven to be instrumental in securing Advantage’s global reputation as a leader in driving successful B2B relationships.

"I am thrilled and excited to appoint John to this new leadership role," says Advantage Chairman John Shanahan. "Through his enduring commitment to both our supplier and retailer clientele, John has built and led numerous teams fueled by a strategic growth mindset. It is this mindset and a client and employee engagement orientation that we are excited to see him bring to the role of CEO. Under his new leadership, our trusted in-market engagement advisors will remain dedicated to serving our clients and retailers with excellence."

"Our purpose is to help retailers and suppliers work better together," says McLoughlin. "We will stay true to this purpose and continue to find new and exciting ways to support and supercharge our Industry’s B2B relationships worldwide. This includes introducing the innovative engagement approaches that we have brought to our Australian suppliers and retailers, which have proven tremendously successful for both partners."

About Advantage Group International

Advantage Group is the leading advisor in business-to-business engagement globally. Over 30 years ago, in Toronto, Canada, founder Ron Pirie championed the belief that businesses work better together when they commit to actively listening and responding to each other’s feedback. Ron’s idea to have retailers’ rate and rank their suppliers was conceptualized in 1988. Not long after, fast-moving consumer goods suppliers and retailers throughout North America began recognizing that engaged and measurable relationships are foundational to business performance. Today, our relationship measurement capabilities have become the gold standard for improving business-to-business engagement in over 40 countries. For more information: https://www.advantagegroup.com/

For media inquiries: [email protected]

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Shiloh Industries, Inc. to Proceed with Sale to Grouper Holdings, LLC, a Subsidiary of MiddleGround Capital

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Shiloh Industries, Inc. (OTCMKTS: SHLOQ) (the Company or Shiloh), an environmentally focused global supplier of lightweighting, noise and vibration solutions, has completed the marketing process approved by the U.S. Bankruptcy Court for the District of Delaware (the Court) and is moving forward under the previously announced asset purchase agreement with Grouper Holdings, LLC, a subsidiary of MiddleGround Capital LLC (MiddleGround). MiddleGround is expected to acquire substantially all of the Companys assets, including the equity interests of certain of the Companys direct and indirect subsidiaries.

We believe this outcome is in the best interests of Shiloh and our stakeholders, and we look forward to building on our unique strengths as part of MiddleGround, said Cloyd J. Abruzzo, interim chief executive officer of Shiloh. MiddleGround has expressed a strong interest in supporting Shiloh from the outset of our restructuring process and has a successful track record investing in companies that supply the automotive industry. We are confident that they will be a strong partner as we enter this new chapter for our company. Importantly, we expect the transaction to be completed quickly and the transition to be seamless for our customers, partners and dedicated employees.

John Stewart, Partner at MiddleGround commented, We look forward to working with Shilohs employees and management team to continue providing customers with highly competitive lightweighting products and technologies. We believe that MiddleGrounds experience and knowledge of the industry will enhance Shilohs portfolio of differentiated product solutions and accelerate its growth within the automotive sector.

On August 30, 2020, MiddleGround was named the stalking horse bidder in a court-supervised auction and sale process. Pursuant to the bid procedures approved by the Court, qualified bidders were required to submit competing bids before 4:00 p.m. Eastern Time on Monday, October 26, 2020. While Shiloh received other bids, none were higher or better than MiddleGrounds stalking horse bid. Accordingly, a hearing to seek required Court approval for the MiddleGround transaction is scheduled for November 10, 2020. The transaction is also subject to certain other closing conditions. Shiloh anticipates the closing of the sale will occur no later than December 15, 2020.

Additional information is available on Shilohs restructuring website at www.shilohrestructuring.com, or by calling Shilohs Restructuring Hotline at (877) 462-4380 (toll-free in the U.S. and Canada) or (347) 817-4091 (for calls originating outside the U.S. and Canada). Court documents and additional information about the court-supervised process are available on a separate website administered by Shilohs claims agent, Prime Clerk, at https://cases.primeclerk.com/shiloh.

Jones Day is serving as legal counsel to Shiloh, Houlihan Lokey Capital Inc. is serving as financial advisor, and Ernst & Young LLP is serving as restructuring advisor. Baker McKenzie LLP is serving as legal counsel to MiddleGround.

About Shiloh Industries, Inc.

Shiloh Industries, Inc. (OTCMKTS: SHLOQ) is a global innovative solutions provider focusing on lightweighting technologies that provide environmental and safety benefits to the mobility market. Shiloh designs and manufactures products within body structure, chassis and propulsion systems. Shilohs multicomponent, multi-material solutions are comprised of a variety of alloys in aluminum, magnesium and steel grades, along with its proprietary line of noise and vibration reducing ShilohCore acoustic laminate products. The strategic BlankLight, CastLight and StampLight brands combine to maximize lightweighting solutions without compromising safety or performance. Shiloh has approximately 3,450 dedicated employees with operations, sales and technical centers throughout Asia, Europe and North America.

About MiddleGround Capital

MiddleGround Capital is a private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and specialty distribution sectors. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies. MiddleGround is currently investing out of its first fund and headquartered in Lexington, KY with a second office in New York City. For further information, please visit: www.middlegroundcapital.com.

Forward-Looking Statements

All statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements are made on the basis of managements assumptions and expectations. As a result, there can be no guarantee or assurance that these assumptions and expectations will in fact occur. The forward-looking statements are subject to risks and uncertainties that may cause actual results to materially differ from those contained in the statements due to a variety of factors, including (1) the duration and severity of the COVID-19 pandemic, any preventive or protective actions taken by governmental authorities, the effectiveness of actions taken globally to contain or mitigate its effects, and any unfavorable effects of the COVID-19 pandemic on either the Companys manufacturing operations, or those of its customers or suppliers; (2) reduction in demand for the Companys solutions, including any reduction in demand as a result of a COVID-19 triggered economic recession, including any determination that the value of its assets is impaired or that it does not have the ability to continue as a going concern; (3) the Companys ability to accomplish its strategic objectives; (4) the Companys ability to obtain future sales; (5) changes in worldwide economic and political conditions, including adverse effects from terrorism or related hostilities; (6) costs related to legal and administrative matters; (7) the Companys ability to realize cost savings expected to offset price concessions; (8) the Companys ability to successfully integrate acquired businesses, including businesses located outside of the United States; (9) risks associated with doing business internationally, including economic, political and social instability, foreign currency exposure and the lack of acceptance of the Companys products; (10) inefficiencies related to production and product launches that are greater than anticipated; (11) changes in technology and technological risks; (12) work stoppages and strikes at the Companys facilities and that of its customers or suppliers; (13) the Companys dependence on the automotive and heavy truck industries, which are highly cyclical; (14) the dependence of the automotive industry on consumer spending, which is subject to the impact of domestic and international economic conditions affecting car and light truck production; (15) regulations and policies regarding international trade; (16) financial and business downturns of the Companys customers or vendors, including any production cutbacks or bankruptcies; (17) increases in the price of, or limitations on the availability of aluminum, magnesium or steel, the Companys primary raw materials, or decreases in the price of scrap steel; (18) the successful launch and consumer acceptance of new vehicles for which the Company supplies parts; (19) the impact on financial statements of any known or unknown accounting errors or irregularities, and the magnitude of any adjustments in restated financial statements of the Companys operating results; (20) the Companys ability to obtain Bankruptcy Court approval with respect to motions in the Chapter 11 Cases; (21) the effects of the Chapter 11 Cases on the Company and on the interests of various constituents; (22) potential delays in the Chapter 11 process due to the effects of the COVID-19 pandemic; (23) objections to the Stock and Asset Purchase Agreement, DIP Credit Agreement or other pleadings filed that could protract the Chapter 11 Cases; (24) the Bankruptcy Courts rulings in the Chapter 11 Cases, including the approvals of the terms and conditions of, and the transactions contemplated by, the Stock and Asset Purchase Agreement and the DIP Credit Agreement (25); the outcome of the Chapter 11 Cases in general; (26) the length of time the Company will operate under the Chapter 11 Cases; (27) risks associated with third-party motions in the Chapter 11 Cases; (28) the potential adverse effects of the Chapter 11 Cases on the Companys liquidity or results of operations and increased legal and other professional costs related to the Chapter 11 Case; (29) the ability of the Company to meet the closing conditions and successfully consummate the Stock and Asset Purchase Agreement; (30) employee attrition and the Companys ability to retain senior management and other key personnel due to the distractions and uncertainties; (31) the trading price and volatility of the Companys common stock; (32) increases in pension plan funding requirements; (33) the Companys ability to derive a substantial portion of its sales from large customers; (34) a successful transition of the CEO position and the Companys ability to successfully identify a qualified and effective full-time CEO; and (35) other factors besides those listed here could also materially affect the Companys business. See (a) Part I, Item 1A. Risk Factors in the Companys Annual Report on Form 10-K for the fiscal year ended October 31, 2019 and (b) Part II, Item 1A. Risk Factors in the Companys Quarterly Reports on Form 10-Q for the fiscal quarters ended January 31, 2020, April 30, 2020 and July 31, 2020 for a more complete discussion of these risks and uncertainties. Any or all of these risks and uncertainties could cause actual results to differ materially from those reflected in the forward-looking statements. These forward-looking statements reflect managements analysis only as of the date of this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date of this press release. In addition to the disclosures contained herein, readers should carefully review risks and uncertainties contained in other documents the Company files from time to time with the Securities and Exchange Commission.

Investors:

For inquiries, please contact our Investor Relations department at 1-646-378-2986 or at [email protected].

Media:

For inquiries, please contact Hilary Brazin at 1-734-738-1362 or at [email protected]

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Joele Frank, Wilkinson Brimmer Katcher

Andy Brimmer / Michael Freitag / Andrew Squire

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Architectural Rendering Software Market Demand to Increase in Emerging Markets During 2020-2024 | Technavio

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The global architectural rendering software market size is poised to grow by USD 787.72 million during 2020-2024, progressing at a CAGR of almost 24% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The market is witnessing an increase in the demand for architectural rendering software from emerging markets such as India, China, Indonesia, and the Philippines. This can be attributed to the growing focus on the construction of innovative building structures, which has created the need for highly realistic 3D architectural rendering software. In addition, the growth in the urban population in these countries has attracted significant investments in residential and commercial building projects. This has further fueled the growth of the global architectural rendering software market.

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Report Highlights:

  • The major architectural rendering software market growth came from the non-residential end-user segment in 2019. This is due to the expansion of the construction sector, especially in the non-residential sector in developing countries.
  • North America was the largest market for architectural rendering software in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the increase in the number of repair and construction activities of old buildings and infrastructure in the US and Canada. In addition factors such as rising investments in smart city projects, expanding retail sector, and the increasing disposable incomes of households are contributing to the growth of the architectural rendering software market in North America.
  • The global architectural rendering software market is fragmented. Act-3D BV, Autodesk Inc., Chaos Software Ltd., Daz Productions Inc., Enscape GmbH, Luxion Inc., Nemetschek SE, NEXT LIMIT SL, OTOY Inc., and Roper Technologies Inc. are some of the major market participants. To help clients improve their market position, this architectural rendering software market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global architectural rendering software market 2020-2024 is expected to have a positive impact. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Rising need to improve the quality of construction will be a Key Market Trend

The growing competition in the construction industry has led many architecture and design firms to adopt various strategies to stay competitive in the market. Besides, evolving demands from buyers is compelling architecture firms to come up with innovative and unique ideas, renderings, and models. In addition, the need to eliminate the chances of defects during the design phase has necessitated the use of efficient architectural rendering software. Architectural rendering software allows engineers and architects to assess the quality of building elements during the design phase and take preventive actions, thus reducing the number of repair works during the construction phase. Therefore, the rising need to improve the quality of construction is expected to have a positive impact on the growth of the global architectural rendering software market during the forecast period.

Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Architectural Rendering Software Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist architectural rendering software market growth during the next five years
  • Estimation of the architectural rendering software market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the architectural rendering software market
  • Analysis of the markets competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of architectural rendering software market vendors

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View market snapshot before purchasing

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Non-residential – Market size and forecast 2019-2024
  • Residential – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers “ Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive landscape

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Act-3D BV
  • Autodesk Inc.
  • Chaos Software Ltd.
  • Daz Productions Inc.
  • Enscape GmbH
  • Luxion Inc.
  • Nemetschek SE
  • NEXT LIMIT SL
  • OTOY Inc.
  • Roper Technologies Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

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Email: [email protected]

Website: www.technavio.com/

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Duddell Street Acquisition Corp. Announces Pricing of $175 Million Initial Public Offering

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Duddell Street Acquisition Corp. (the Company) today announced the pricing of its initial public offering of 17,500,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on the Nasdaq Capital Market under the ticker symbol DSACU beginning October 29, 2020. Each unit consists of one of the Companys Class A ordinary shares and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and warrants will be listed on the Nasdaq Capital Market under the symbols ˜˜DSAC and ˜˜DSACW, respectively.

The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although the Companys efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to focus on global companies in telecom, media and technology, healthcare, fintech and consumer sectors with compelling Asian growth potential.

BofA Securities, Inc. and BTIG, LLC are acting as joint book-running managers. The Company has granted the underwriters a 45-day option to purchase up to 2,625,000 additional units at the initial public offering price to cover over-allotments, if any.

The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, by e-mail at [email protected] or by telephone at 1-(800)-294-1322 and BTIG, LLC, 65 East 55th Street, New York, NY, 10022 or by e‘mail at [email protected].

A registration statement relating to the securities became effective on October 1, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on November 2, 2020, subject to customary closing conditions.

Forward-Looking Statements

This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the Companys plans with respect to the target industry for a potential business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Companys registration statement and preliminary prospectus for the Companys offering filed with the U.S. Securities and Exchange Commission (the SEC). Copies of these documents are available on the SECs website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Sam Joshi

Head of Business Development & Investor Relations

Maso Capital

8th Floor, Printing House

6 Duddell Street, Hong Kong

+ 852 3468 6225

[email protected]

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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Shiloh Industries, Inc. to Proceed with Sale to Grouper Holdings, LLC, a Subsidiary of MiddleGround Capital

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