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Groupon Gets New Activist Investor

PYMNTS

Merage and his company, MIG Capital , based in Newport Beach, California, disclosed the 5 percent stake in the eCommerce company, the reason for which was that the stock was “undervalued, and represented an attractive investment opportunity,” he said. Groupon was MIG Capital’s largest stake in a previous SEC filing.

Capital 130
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Should Congress Increase FDIC Insurance Limits?

South State Correspondent

private and public lending markets are the world’s envy, with a wide availability of financing options for many capital seekers across the entire capital stack. However, the ordinary course of acquisitions and mergers provides a safe and orderly redistribution of capital from underperforming to outperforming managers.

FDIC 195
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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

True Religion was acquired for $824 million in 2013 by London-based capital investment firm TowerBrook Investment Partners, and ended up filing for bankruptcy in 2017. True Religion was founded in 2002 with a headquarters in Malibu Beach, California. True Religion tried to capitalize on that with its own brand of workout pants.

Delaware 160
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Accounting Background No Longer Needed For CFO Jobs

PYMNTS

For example, when directors of Hannon Armstrong Sustainable Infrastructure Capital were looking for someone to fill the role, they were more worried about hiring someone who had experience with raising debt and equity, and they didn’t care if the person was a former accountant. But that freed us up to get a capital-markets-focused CFO.”.

Strategy 144
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"Do Not Pick up Nickels in Front of the Steamroller!"

SWBC's LenderHub

This has happened in the major market blow-ups in 1998, 2001, 2008, and 2020, with a few notable semi disasters (2002, 2013, 2016) thrown in between.

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simPRO Taps Square To Power Field Service Payments

PYMNTS

Founded in 2002, simPRO secured $31 million in growth capital in 2016 as part of an aggressive product innovation and expansion strategy. “Processing payments and managing transactions is an important part of the field service workflow,” Jonathan Eastgate, simPRO chief technology officer, said in the release. “By

Payments 100
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Equifax Names New Executive For USIS Unit

PYMNTS

During Begor’s 35 years at General Electric, Equifax said, he was in charge of multibillion-dollar business units as president and CEO of GE Energy Management from 2014 to 2016, president and CEO of GE Capital Real Estate from 2011 to 2014 and president and CEO of GE Capital Retail Finance (Synchrony Financial) from 2002 to 2011.