Latest news with #Viridian
AU Financial Review
14-07-2025
- Business
- AU Financial Review
Viridian using ‘no dickheads' scale to rate financial advisers
With blood in the streets in the aftermath of the banking royal commission, Glenn Calder was buying. His Viridian Advisory hoovered-up talent from Westpac's 2019 exit from providing financial advice. Calder reportedly travelled the length of the country to offer Westpac-aligned advisers – several hundred of them from Securitor and Magnitude – a spot on his life raft. Calder knew where the talent was in Westpac's then-sprawling adviser network. He came up through it. So too did Viridian co-CEO Raamy Shahien and his other co-founder Jim Tellis. Viridian's three amigos have now negotiated a life-changing pay day.
Business Wire
03-07-2025
- Business
- Business Wire
Viridian Therapeutics Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
WALTHAM, Mass.--(BUSINESS WIRE)--Viridian Therapeutics, Inc. (Nasdaq: VRDN), a biopharmaceutical company focused on discovering, developing, and commercializing potential best-in-class medicines for serious and rare diseases, today announced that the Compensation Committee of the company's Board of Directors, made up entirely of independent directors, approved the grant of non-qualified stock options to purchase an aggregate of 175,000 shares of the company's common stock to one new employee (the 'Inducement Grant') on July 1, 2025 (the 'Grant Date'). The Inducement Grant has been granted outside of the company's Amended and Restated 2016 Equity Incentive Plan (the 'Plan') but remains subject to the terms and conditions of such Plan. The Inducement Grant was granted as an inducement material to the individual entering into employment with Viridian in accordance with Nasdaq Listing Rule 5635(c)(4). The Inducement Grant has an exercise price per share that is equal to the closing price of Viridian's common stock on the Grant Date. The Inducement Grant will vest over a four-year period, with 25% of the shares vesting on the one-year anniversary of the employee's start date, and thereafter the remainder of the shares vest in 36 equal monthly installments, subject to the employee's continued employment with Viridian through the applicable vesting dates. About Viridian Therapeutics Viridian is a biopharmaceutical company focused on discovering, developing and commercializing potential best-in-class medicines for patients with serious and rare diseases. Viridian's expertise in antibody discovery and protein engineering enables the development of differentiated therapeutic candidates for previously validated drug targets in commercially established disease areas. Viridian is advancing multiple candidates in the clinic for the treatment of patients with thyroid eye disease (TED). The company is conducting a pivotal program for veligrotug (VRDN-001), including two global phase 3 clinical trials (THRIVE and THRIVE-2), to evaluate its efficacy and safety in patients with active and chronic TED. Both THRIVE and THRIVE-2 reported positive topline data, meeting all the primary and secondary endpoints of each study. Viridian is also advancing VRDN-003 as a potential best-in-class subcutaneous therapy for the treatment of TED, including two ongoing global phase 3 pivotal clinical trials, REVEAL-1 and REVEAL-2, to evaluate the efficacy and safety of VRDN-003 in patients with active and chronic TED. In addition to its TED portfolio, Viridian is advancing a novel portfolio of neonatal Fc receptor (FcRn) inhibitors, including VRDN-006 and VRDN-008, which has the potential to be developed in multiple autoimmune diseases. Viridian is based in Waltham, Massachusetts. For more information, please visit Follow Viridian on LinkedIn and X.
Yahoo
30-06-2025
- Business
- Yahoo
TA Associates to invest in Australia's Viridian Financial Group
US-based private equity firm TA Associates is investing in Viridian Financial Group, an Australian financial services company. The terms of the 'strategic investment' remain undisclosed. The deal has received the clearance of Viridian's founders, board of directors, and senior management, who will collaborate with TA to drive the company's next stage of development after the transaction is finalised. The transaction is subject to standard conditions and is anticipated to close in the third quarter of this year. TA Asia Pacific head and TA managing director Edward Sippel said: 'Throughout our multi-year, deep dive into Australia's wealth management sector, Viridian consistently emerged as a leading innovator in its market segment, driven by its compelling asset platform, diversified product offering and strong culture of client and advisor alignment.' Set up in 2015 and based in Melbourne, Viridian oversees approximately $16bn in funds through its three specialised divisions - Viridian Advisory, Infinity Capital Solutions, and Smartmove Lending. These units cater to more than 15,000 clients, offering wealth management, investment solutions, and mortgage broking services. The partnership with TA is expected to bolster Viridian's capabilities by tapping into TA's global expertise and resources in the financial services sector. Viridian chair James Joughin said: 'By combining the strengths of both companies, the Viridian Board anticipates significant synergies, strengthening our position in the market as well as expanding our capabilities. 'We believe this transaction will create significant value for our shareholders in driving future profitability.' In December 2024, TA agreed to invest in Craigs Investment Partners, a wealth management firm based in New Zealand. "TA Associates to invest in Australia's Viridian Financial Group" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
30-06-2025
- Business
- Yahoo
TA Associates to invest in Australia's Viridian Financial Group
US-based private equity firm TA Associates is investing in Viridian Financial Group, an Australian financial services company. The terms of the 'strategic investment' remain undisclosed. The deal has received the clearance of Viridian's founders, board of directors, and senior management, who will collaborate with TA to drive the company's next stage of development after the transaction is finalised. The transaction is subject to standard conditions and is anticipated to close in the third quarter of this year. TA Asia Pacific head and TA managing director Edward Sippel said: 'Throughout our multi-year, deep dive into Australia's wealth management sector, Viridian consistently emerged as a leading innovator in its market segment, driven by its compelling asset platform, diversified product offering and strong culture of client and advisor alignment.' Set up in 2015 and based in Melbourne, Viridian oversees approximately $16bn in funds through its three specialised divisions - Viridian Advisory, Infinity Capital Solutions, and Smartmove Lending. These units cater to more than 15,000 clients, offering wealth management, investment solutions, and mortgage broking services. The partnership with TA is expected to bolster Viridian's capabilities by tapping into TA's global expertise and resources in the financial services sector. Viridian chair James Joughin said: 'By combining the strengths of both companies, the Viridian Board anticipates significant synergies, strengthening our position in the market as well as expanding our capabilities. 'We believe this transaction will create significant value for our shareholders in driving future profitability.' In December 2024, TA agreed to invest in Craigs Investment Partners, a wealth management firm based in New Zealand. "TA Associates to invest in Australia's Viridian Financial Group" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
30-06-2025
- Business
- Associated Press
Viridian Financial Group Welcomes Strategic Growth Investment from TA Associates to Expand Leading Diversified Financial Services Business in Australia
MELBOURNE, Australia--(BUSINESS WIRE)--Jun 29, 2025-- Viridian Financial Group ('Viridian' or 'the Firm'), one of Australia's leading diversified financial services businesses, today announced that TA Associates ('TA'), a leading global private equity firm, has signed an agreement to make a strategic investment in the Firm. The investment has been approved by Viridian's founders, Board of Directors, and senior management team, who, upon completion of the transaction, will partner closely with TA to accelerate the Firm's next phase of growth. This press release features multimedia. View the full release here: 'By combining the strengths of both companies, the Viridian Board anticipates significant synergies, strengthening our position in the market as well as expanding our capabilities. We believe this transaction will create significant value for our shareholders in driving future profitability. Along with my fellow Directors, I have no hesitation in supporting this strategic partnership,' said James Joughin, Chair at Viridian. 'Since Viridian's founding nearly a decade ago, we have remained steadfast in our client-centric philosophy, focused on empowering Australians through holistic financial advice, innovative solutions and exceptional service,' said Raamy Shahien, Joint CEO and Executive Director at Viridian. 'Having built a strong relationship with TA, and after collaborating closely with them to structure our partnership, we are confident that TA is the ideal partner to support Viridian's growth and vision moving forward. Our partnership with TA marks a significant milestone in our journey, serving as both a recognition of our strong track record thus far and a catalyst for future growth as we continue to expand in an ever-evolving market.' Since its founding in 2015, Viridian has become one of Australia's largest practices. Headquartered in Melbourne, Australia, the Firm manages ~$16bn of funds across three specialised business divisions, Viridian Advisory, Infinity Capital Solutions and Smartmove Lending, providing wealth advice, investment solutions and mortgage broking services to over 15,000 clients. By partnering with TA, Viridian will leverage TA's global resources and extensive experience in the financial services industry to expand its capabilities, enhance its integrated service offerings and fuel client success. 'TA has made over 30 investments in wealth management and asset management companies globally, establishing itself as a leading global investor in financial services. Their understanding and proven experience in scaling businesses and deep industry expertise will be invaluable in driving forward our vision of transforming wealth management in Australia,' said Glenn Calder, Joint CEO and Executive Director at Viridian. 'TA's support and partnership strengthens our ability to remain agile and forward-thinking, ensuring we incorporate international best practices into our business and deliver ongoing value to our clients and stakeholders.' 'Throughout our multi-year, deep dive into Australia's wealth management sector, Viridian consistently emerged as a leading innovator in its market segment, driven by its compelling asset platform, diversified product offering and strong culture of client and advisor alignment,' said Edward Sippel, head of TA Associates Asia Pacific Ltd. and a Managing Director at TA, who will join the Viridian Board of Directors. 'Across our global wealth management investments, our focus is first and foremost on client outcomes and alignment with advisors. We are pleased that the Viridian team shares this commitment. We have high conviction in the long-term potential of Australia's large and growing wealth management market, and believe there is a significant opportunity to scale Viridian's platform both organically and through strategic acquisitions.' 'Viridian's strong position is underpinned by Australia's mandated savings environment and growing demand for advice,' said Lily Xu, Senior Vice President at TA, who will also join the Viridian Board of Directors. 'With multiple levers for organic growth and a proven ability to execute growth through M&A, we're excited to support Viridian's continued growth trajectory.' The agreement remains subject to customary conditions. Settlement is expected to occur in the third quarter of 2025. About Viridian Financial Group Viridian Financial Group is a leading Australian diversified financial services business. The business was established in 2015 by a team who understood the power of financial advice to make a profound difference in the lives of Australians. Viridian Financial Group consists of Viridian Advisory, Infinity Capital Solutions and Smartmove. It has a culture built on alignment between clients and advisors over the long term and employs over 400 people. More information about Viridian can be found at About TA TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries - technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has more than 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at View source version on CONTACT: Media Contacts For Viridian Financial Group: Craig Morris [email protected] For TA Associates: Maggie Benoit [email protected] KEYWORD: AUSTRALIA/OCEANIA AUSTRALIA INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: TA Associates Copyright Business Wire 2025. PUB: 06/29/2025 10:30 PM/DISC: 06/29/2025 10:30 PM
