Bindi Karia’s Post

Olshan Frome Wolosky LLP client Powerfleet, Inc. (Nasdaq: PWFL) closed on its previously announced transformative business combination with MiX Telematics Limited, a South African public company, forming one of the largest mobile asset Internet of Things software-as-a-service providers. The combination positions Powerfleet for accelerated growth and expected near term EBITDA expansion, in addition to a larger global footprint. The transaction also resulted in a secondary listing of Powerfleet common stock on the Johannesburg Stock Exchange (in addition to its primary listing on the Nasdaq Global Market), and the closing of two concurrent financings that allowed the company to fully redeem its Series A convertible preferred stock. The Olshan team that guided Powerfleet through this transformative transaction and related financings consists of Michael Neidell, Honghui Yu, Jason Saltsberg, John Corrado, Dakota Forsyth and Judith Renner from the Corporate/Securities Law group, K.C. Chiang and Alexander G. Sánchez Figueroa from the Tax & Personal Planning group, Mary Grieco and Morgan Spina from the Intellectual Property Law group, and Michael Passarella from the Employment Practices group. #OlshanLaw #BusinessCombination #CorporateLaw #TaxLaw #IntellectualPropertyLaw #EmploymentLaw https://lnkd.in/ennrda9E

Best practice ownership from Nordic Capital - read more about how they work in this blog post. The CEO of their portfolio company explains how they work in the owner role.

EvoInfra provided #financialmodelling support to Recharge and Infracapital on updating their existing corporate financial model. Recharge is a leading public charging point operator (#CPO) for #electricvehicles (#EVs) in the Nordics with c.3000 connectors across Norway, Sweden and Finland. The existing corporate model is used for operational performance forecasting, analysis of potential bolt-on #acquisitions, shareholder #valuations, and reporting of #debtcovenants. EvoInfra takes pride in working at the forefront of the #energytransition, and in sectors which are in the evolving definition of #infrastructure. #evcharging #energyinfrastructure #financialmodel #operationalmodel #corporatemodel #assetmanagement https://lnkd.in/eXpvzekY

The services sector is on fire! 🔥 Investors are diving into tech, oil and gas, and more. Notably, Niobrara Capital Partners just made a bold entrance with a $175M acquisition of Polar Semiconductor. The appetite for alternative assets, especially in private equity and secondaries, is stronger than ever. Exciting times ahead. Let's keep an eye on how these moves reshape the industry. #PrivateEquity #PE #TechServices #IndustryTrends #BusinessGrowth #LOKIGroup

BIG NEWS 🚀 We've closed our C$116M #SeriesB funding round, led by Energize Capital, co-led by: GreenPoint Partners and Export and Investment Fund of Denmark; new investor Quantum Light, and our existing partners Creandum, byFounders, AENU, and Headline. Our hyper-growth in all markets, totalling 9, our 🔒 #ISO27001 and 🍃B-Corp certifications, and of course, our award-winning software and proactive technology creating a seamless charging experience for all players were some of the many factors that made this happen. 🎊 We’ve also: 📈 Sextupled (6X) our growth since the last round, 🔋Had over 7 million charging sessions last year, 🚘🔌 Add 1,000 #EV drivers daily. Specifically, our focus on Charge Point Operators #CPOs, #OEMs, fleets, and power utilities, along with partnering with global companies and industry leaders like Norlys, NRGi, Siemens, Uno-X Mobility, Egg, Rolec and more, have helped us continue to set the standard in the EV charging industry. Read more about it on Bloomberg: https://lnkd.in/gjAQyDpi

Eskom Holdings SOC Ltd Eskom Corporate Affairs Division #boardofdirectors 👏 👏 👏 Well done! In regards to the noises about fears of privatization in the the public domain, ignore it. We know the private sector will take a big chunk of our sales however it's only short term. It's like a golf and say a bmw, on pull away the golf will pull out under the bmw however the bmw will catch him on the stretch then leave him in the dust. Even a steam turbine takes a little while to reach max rpm. #KeepPushingForward #KeepFaith #ThereIsHope https://lnkd.in/d4PSsp6D

Kernel Group Holdings Extends Period to Consummate Initial Business Combination - https://lnkd.in/gXbBGEGG Follow #citybiz on LinkedIn - https://lnkd.in/eBgXKiz8 Kernel Group Holdings #financialservices #businesscombination

🚀 Uncover the Future of Truth in Tech! 🌐 Cyabra, a groundbreaking startup fighting disinformation, is going public via SPAC, valuing it at an impressive $70 million! 💰💡 By the end of the year, expect to see how they’ll magnify transparency across industries. This could disrupt how we perceive information! How do you view the impact of tech on truth? 🤔 Ready to dive into this game-changer? 👍 or 👎? #StartupNews #Disinformation #SPAC #Cyabra #Innovation #Transparency #TechTrends #InvestSmart 👉 Let’s hear your thoughts!

Strong reliability in a favorable margin environment allows CITGO to build liquidity, fund capital expenditures and turnarounds, and pay dividends to CITGO Holding in its third quarter. Read more about the company’s solid third quarter results: bit.ly/3MDrycy #CITGO #PerformanceResults

SeaLead Shifts Gears: New Owners at the Helm ⚓🔄 With SeaLead announcing a significant change in ownership and management, how might this shift impact the global shipping industry's dynamics, especially considering the diverse backgrounds of the new investors? Could this lead to innovative strategies in maritime logistics and container shipping? #SeaLead #ShippingIndustry #GlobalTrade #MaritimeLogistics #ContainerShipping #Investment #BusinessStrategy #ManagementChange #IndustryNews #GlobalShipping 🔗 SeaLead announces change in ownership and management https://lnkd.in/e7-JsgVS