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Associated Press
3 hours ago
- Business
- Associated Press
Notice of IP & Asset Auction Managed by Fallingst Technologies LLC - Bidding Procedures & Final Sale Hearing Scheduled
MISSION VIEJO, CA, UNITED STATES, July 23, 2025 / / -- Fallingst Technologies LLC, a technology advisory firm specializing in asset management and IP valuation, has been formally retained by Chapter 7 Trustee Edmund J. Wood to facilitate the auction and sale of the intellectual property and select personal property assets of REA Innovations Inc. This process is being conducted under the supervision of the United States Bankruptcy Court for the Western District of Washington at Seattle, pursuant to a court order entered on July 21, 2025. The sale of assets is being conducted free and clear of all liens, claims, interests, and encumbrances in accordance with Section 363 of the U.S. Bankruptcy Code, creating a rare opportunity for prospective buyers to acquire valuable assets in clean and marketable condition. About the Auction: REA Innovations Inc., a Washington-based company known for its groundbreaking skincare products powered by patented crystalline matrix technology, including the Opulus Activator device, filed for Chapter 7 bankruptcy in 2024. The court-appointed Trustee has since authorized a structured public auction to sell the company's remaining intellectual property, proprietary technologies, and select tangible assets. Fallingst Technologies LLC will serve as the sole facilitator of this process on behalf of the Trustee, managing bidder registration, due diligence, auction logistics, and post-auction coordination. Assets Available for Purchase: Assets to be sold may include, but are not limited to: • Patents and patent applications, including proprietary cosmetic delivery technologies. • Trademarks and brand-related intellectual property. • Product formulations, trade secrets, and design assets. • Select physical property and business records related to R&D. • Select physical property incorporating the intellectual property developed by REA Innovations The sale provides an opportunity for acquirers in beauty, wellness, consumer technology, or advanced materials sectors to obtain high-value assets backed by a history of product innovation and IP recognition. Auction Timeline with Key Dates for Bidders: Deadline / Event Time (Pacific Time): Indication of Interest Deadline: August 7, 2025 – 5:00 p.m. Bid Submission Deadline: August 14, 2025 – 5:00 p.m. Qualified Bidders Notified: August 18, 2025 Auction (if needed): August 21, 2025 – 10:00 a.m. (via videoconference) Notice of Successful Bid/Bidder and Backup Bid/Bidder: As soon as reasonably practicable following the conclusion of the Auction Objection Deadline: August 22, 2025 – 11:59 p.m. Final Sale Hearing: August 28, 2025 – 11:00 a.m. (Bankruptcy Court, Seattle) The Trustee will conduct the auction only if multiple Qualified Bids are received. If no auction is necessary, the highest and best offer will be submitted for court approval at the sale hearing. Eligibility & Participation Requirements: To participate in the process: • Potential Bidders must sign a trustee-approved confidentiality agreement, identify themselves and any authorized representatives, and submit financial documentation or commitments showing their ability to complete the transaction. • Qualified Bidders will be those whose offers and supporting materials meet all procedural, legal, and financial requirements outlined by the Trustee. Secured creditors may participate by exercising their right to credit bid under Bankruptcy Code § 363(k). • The auction process permits Backup Bidders to be designated, in case the winning bidder fails to close. • All bids must include a deposit equal to 10% of the bid, be binding and irrevocable, and comply with the full bidding procedures approved by the court. Oversight and Sale Approval: The Bankruptcy Court retains full authority over the process. A public hearing to approve the final sale is scheduled for August 28, 2025 at 11:00 a.m. PT, before the Honorable Christopher M. Alston. Objections to the sale must be filed and served by August 22, 2025 at 11:59 p.m. PT. Edmund Wood is represented in these proceedings by Russell Garrett and Learon Bird of the law firm Jordan Ramis PC. Contact Law Firm: Jordan Ramis PC, 1211 SW Fifth Ave. Suite 2700, Portland OR 97204, (888) 598-7070 Case No.: 24-13301-CMA Contact for Bidder Inquiries and Due Diligence Access: Potential bidders are not permitted to conduct due diligence without entering into a Confidentiality Agreement. The due diligence period ends at the Bid Submission deadline, August 14, 2025 – 5:00 p.m. All parties interested in participating in the auction or receiving access to confidential due diligence materials must contact: Joseph Hopkins Fallingst Technologies LLC 27201 Puerta Real, Suite 300 Mission Viejo, CA 92691 [email protected] Fallingst Technologies LLC will coordinate all aspects of bidder registration, confidentiality agreements, access to the data room, and submission logistics. Requests to access the data room and other informational materials must be made by the Indication of Interest Deadline, August 7, 2025 – 5:00 p.m. About Fallingst Technologies LLC: Fallingst Technologies LLC is a boutique advisory firm focused on intellectual property valuation, asset-based deal structuring, and strategic innovation finance. The firm serves corporate, legal, and financial clients with specialized expertise in emerging technologies, life sciences, and consumer product innovation. Joseph Hopkins Fallingst Technologies LLC +1 949-374-4867 [email protected] Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
12 hours ago
- Business
- Yahoo
Farsley's Gaunts Ltd appoints Paul Curson as managing director
A Farsley-based commercial property firm has appointed a new managing director. Gaunts Ltd, headquartered at Springfield Mills in the village, has welcomed Paul Curson to the role. Mr Curson, a chartered surveyor, brings more than 30 years of experience in property and asset management to the company. He said: "For the last two years, I have been working largely remotely, and dealing with assets in London and Manchester. "I was keen on this role, as I wanted to work locally and as part of a day-to-day team. "I have really missed the social interaction of being in an office. "I enjoyed meeting the other directors before accepting the role, and hearing of their plans, including their commitment to sustainability initiatives." Chris Pratt, former managing director and now non-executive board director, said: "I know Paul has the wealth of experience needed to consolidate Gaunts Ltd's success, and I look forward to seeing the expansion and growth of the business in the coming years under his leadership." Mr Curson spent 27 years at JLL, leading the property and asset team in Leeds, and most recently worked at CBRE. For more information about Gaunts Ltd, visit or call 0113 236 3555.
Yahoo
a day ago
- Business
- Yahoo
North Square Investments Announces Acquisition by Azimut Group
CHICAGO, July 22, 2025 /PRNewswire/ -- North Square Investments ("NSI") announced today it has signed a binding agreement to be acquired by Azimut Group ("Azimut" or the "Group"), one of Europe's largest independent asset managers, via its US subsidiary Azimut US Holdings Inc. ("Azimut US"). With this transaction, Azimut significantly strengthens its U.S. presence by investing in a high-growth, integrated firm that complements its existing local businesses across Equity, Fixed Income, Multi-Asset, Alternative Investments and Wealth Management—firmly establishing the U.S. as its second home market after Italy. "We are extremely excited to be joining the Azimut Group family of companies," said Mark Goodwin, Co-Founder and Chief Executive Officer of NSI. "Since our launch, NSI has been singularly focused on bringing to market best-in-class asset management solutions in partnership with top-tier institutional asset managers. The partnership with Azimut will allow us to accelerate our growth trajectory by leveraging a wide array of traditional and alternative strategies from across their global ecosystem," Goodwin said. "This acquisition solidifies Azimut's foothold in the U.S. and will capitalize on the distribution success North Square has experienced since its founding in 2018," Goodwin continued. "With the additional resources of a major, experienced and well-capitalized global money manager and the ability to offer additional product capabilities—in asset classes such as global equity, global fixed income, private equity, private credit and alternative investments—it sets North Square up for significant expansion. Importantly, we also feel a strong cultural alignment, as both firms are entrepreneurial in nature, innovative in the way they bring products to the marketplace, and collaborative in the way colleagues work across their respective organizations. We thank Estancia for their years of partnership and believing in our vision, and are incredibly excited about our future with Azimut." "NSI is an exceptional fit for our Group," said Giorgio Medda, CEO of Azimut Group. "Like Azimut, it operates as an integrated asset management and distribution firm with outstanding reach and execution. Its unique positioning enables it to capture the ongoing structural growth of the US asset and wealth management industry, managing a broader range of products and penetrating even deeper into its distribution networks. By bringing together NSI's powerful sales engine with Azimut's suite of high-performing, differentiated strategies, we are creating a compelling win-win: Azimut gains strong U.S. distribution capabilities, while NSI will enhance its offering with exclusive, top-tier global investment strategies for its clients." Medda said. Takashi Moriuchi, Managing Director and Co-Founder of Estancia added, "From Estancia's decades of experience growing successful companies, we knew NSI's ability to provide scaled U.S. intermediate distribution to talented money managers is a valuable, business-critical solution not easily replicated. At the inception of our investment in North Square, we identified non-U.S. asset managers seeking access to the largest retail pool of assets in the world as high-probability future partners. We are very pleased that NSI's next phase of growth will be driven by a significant commitment from Azimut, benefiting the company's investment teams and all the retail clients who have put their trust in North Square investment products," Moriuchi said. As part of the agreement, Kennedy Capital Management, an Azimut Group company, will become a subsidiary of North Square Investments, which in turn will be renamed Azimut NSI. Azimut NSI's AUM will immediately increase to over $20 billion post-closing, with over 100 employees. North Square Funds and ETFs will continue to be marketed under the North Square brand. The parties have committed to a long-term growth strategy based on a jointly developed business plan as well as a long-term management incentive plan. The transaction is expected to close in early 2026 subject to regulatory approvals and customary closing conditions. Piper Sandler & Co. served as exclusive financial advisor to NSI and Kirkland & Ellis LLP served as legal counsel to NSI and Estancia. Sidley Austin LLP served as legal counsel to Azimut. About North Square Founded in 2018 and headquartered in Chicago, Illinois, North Square Investments is an independent, multi-boutique investment firm dedicated to delivering differentiated active investment strategies to the market. North Square has an experienced senior management team comprised of seasoned professionals, a board composed of industry veterans, including John Amboian, Neil Cummins and Brian Gaffney, and is backed by Estancia Capital Partners. As of June 30, 2025 North Square had more than $2.6 billion of assets under management in 13 mutual funds, one closed end fund and one ETF. With North Square's ownership interests (majority and minority, respectively) in the distinctly branded firms of CS McKee and Oak Ridge Investments, collective assets under management and advisement totaled approximately $16.0 billion. Learn more about North Square Investments at About Azimut Azimut is an independent, global group specializing in asset management across public and private markets, wealth management, investment banking, and fintech, serving private and corporate clients. Listed on the Milan Stock Exchange ( the Group is a leading player in Italy and operates in 20 countries worldwide, with a focus on emerging markets. The shareholder structure includes approximately 2,000 managers, employees, and financial advisors bound by a shareholders' agreement that controls around 22% of the company, while the remaining shares are in free float. The Group comprises a network of companies active in the management, distribution, and promotion of financial and insurance products, with registered offices in Italy, Australia, Brazil, Chile, China and Hong Kong, Egypt, Ireland, Luxembourg, Morocco, Mexico, Monaco, Portugal, Saudi Arabia, Singapore, Switzerland, Taiwan, Turkey, the United Arab Emirates and the United States. About Estancia Estancia is a specialist private equity firm investing in lower middle-market companies that provide mission-critical solutions to the financial system. Estancia's Principals have a history of successfully partnering with management teams to provide capital to facilitate portfolio companies' strategic development, including management buy-outs from larger financial firms, private ownership/succession transitions, growth initiatives, and team lift-outs. For more information, visit North Square is an independent investment advisers registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training, nor approval by the SEC. View original content to download multimedia: SOURCE North Square Investments 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
Yahoo
a day ago
- Business
- Yahoo
Howard University Steps Up To Place Its Graduates In Lucrative Finance Careers
The HPS Center for Financial Excellence (HPS-CFE) at the Howard University School of Business has a lofty goal: Become a major player in positioning its graduates in the potentially lucrative financial services industry. The HBCU aims to be viewed in the same light as other powerhouse business schools by helping to secure above-average finance roles for its graduates within the next four to five years. That is a desire for Curtis Kidd Telemaque, Ph.D., and director of HPS-CFE. 'The HPS Center was created to intentionally correct the skew from back office only positions to client-facing roles that require a highly technical skillset. As such, the center's strategy has been to merge theoretical financial concepts taught in class with practitioner-led extra-curricular modules.' LOCATING STUDENTS IN ROLES THEY HAVE BEEN NEGLECTED FROM The Washington, D.C.-based school is boosting efforts to help HBCU students land future careers in investment banking, alternative finance, and asset management. Black students, especially those from HBCUs, have long not been equally represented in such high-paying roles. Research shows that graduate hiring at global banks, like those based in New York, has just 0.5% of senior investment bankers who are Black. Another report reveals that minority- and women-owned firms manage just 1.4% of the roughly $82 trillion in U.S. assets under management, despite performing on par with industry averages. Now, Howard's business school wants to help change these statistics. SCORING HIGH-PAYING JOBS NEAR TIMES SQUARE AFTER GRADUATION Helping change the narrative are Dylan Thomas and Jessica Barnes. They are now earning or about to earn 'six-figure' salaries working at mega companies near Times Square in New York City. After completing an internship at Barclays last summer, Thomas joined one of Wall Street's most influential investment banks. He was just hired as an investment banking analyst at Barclays, stating his pay is 'definitely more than I have ever made.' 'Essentially, if a tech media or telecommunications company finds itself in debt, they call my team, we lend them some money, and then we charge them for that money that they borrowed,' Thomas told BLACK ENTERPRISE. He says HPS-CFE supplied him with mentorship, exposure, and experience to help find his footing in the financial services industry. Thomas reflected on how current and future students can benefit from a $10 million gift announced in 2021 by HPS Investment Partners and The Kapnick Foundation to create the HPS-CFE. You can learn more about the center and investment here. The project remains in progress, as Dr. Curtis Kidd Telemaque, who became the HPS-CFE director in 2021, continues to work with students. The young analyst shared how the gift could help reduce the recognized disparity between blacks and whites, as well as others working in the industry. 'HPS Investment Partners wants to do their part to take some of that load off us and to invest in our learning and our growth, said Thomas.' He added, 'Any young black professional aspiring to a career in financial services should seriously consider the value in the HPS-CFE as it is.' Thomas and Barnes are among the first members of the graduating cohort of 13, receiving their degrees in May 2025 from Howard. Ten of those individuals have since secured high-finance employment roles in financial services and management consulting. o Barnes, 22, will begin working full-time this October as an enterprise strategy and value associate at Strategy&, the global consulting arm of accounting giant PricewaterhouseCoopers. Her job: Helping power utility and aerospace companies create strategies for sustaining growth, reshaping costs and business structures, along with integrating IT and digital operations. She will start her new role after completing three corporate internships. GAINING THE RESOURCES TO FLOURISH IN THE HIGH-FINANCE SPACE Barnes says CFE helped enhance her new career journey in many ways. For one, she developed some skills she will truly need professionally. And she says she founded the Howard University Women In Finance Initiative. The community largely connects Black women in the high finance sector. 'It gives women the power of representation and community to achieve their goals in a space that predominantly doesn't have Black women.' She added that the CFE gave her courage to take on the world. 'We really got the backing to just feel like we are equipped with the skills and resources that maybe even if you don't have the answer now, I know I can rely on the network that I was given to get it.' Students from CFE have secured jobs with several high-finance companies, including Partners Capital, Bank of New York Mellon, Barclays, Goldman Sachs, PwC, Vanguard, EY Parthenon, Carlyle, Union Bank of Switzerland, Truist, and MasterCard. Kidd Telemaque added that, generally, they have landed high-paying positions immediately after graduation, with an average starting salary for the most recent cohort at $89K and approximately $10K in bonuses. WORKING WITH BLUE-CHIP COMPANIES TO MAKE A DIFFERENCE Additionally, HPS-CFE is stepping up efforts to boost the low representation of HBCU graduates in high finance. The center partners with a broad range of firms that offer a wide range of services, including private credit management, investment banking, and asset management, to facilitate change. Kidd Telemaque says the firms include HPS Investment Partners, Vanguard, CFI, Goldman Sachs, and Warburg Pincus. 'Our position is that companies are able to directly assess talent when they provide instruction or are otherwise involved in enhancing students' practical finance skills.' While disparities are not new to HBCUs, they have led to an outpouring of support for certain HBCUs to attract high-performing talent. 'Due to this support, we can not only expose our students to all areas of finance but also provide practical, hands-on expertise before graduation.' Still, actions to help uplift graduates are not obstacle-free. Kidd Telemaque says one of the center's challenges is overcoming industry perception of HBCU graduates as being less qualified. The HPS-CFE's future ambition to place more HBCU graduates in elevated finance roles stems from the recent success of five Howard students, who won a $1 million grant for the school after winning the fifth annual Goldman Sachs Market Madness competition. It was disclosed that the money will be invested in infrastructure and academic programming for the university. An HPS-CFE participant, Barnes offered some advice to existing students or those considering attending the center. 'Knowledge is power. 'Learn what you don't know and then strive to be excellent. I think that sometimes it's so rare.' RELATED CONTENT: Howard University Appoints New VP Of Enrollment As HBCU Deals With Student Woes Sign in to access your portfolio
Reuters
a day ago
- Business
- Reuters
Italy's Azimut buys Chigago-based North Square Investments in $165 mln deal
MILAN, July 22 (Reuters) - Italian asset manager Azimut ( opens new tab said on Tuesday it had signed a binding accord to buy North Square Investments (NSI) in a cash-and-share deal giving the U.S. peer an enterprise value of $165 million. Azimut, which is carrying out the deal through its U.S. arm Azimut US Holdings, said it would pay $60 million at closing and a further $50 million over the following four years. The price tag could reach $160 million when including earn-out mechanisms and management incentives, it said, adding it would pay partly in cash and partly through shares in Milan-listed Azimut Holding. Azimut said it would contribute its 51% stake in Kennedy Capital Management as part of the deal and combine the Missouri-based asset manager, which has $4.5 billion in assets under management (AUMs), with NSI to create a player with around $20 billion in AUMs. The transaction cements the role of the U.S. market as Azimut's second biggest after Italy with a total of consolidated pro-forma AUMs of $50 billion. Azimut estimated the deal would increase its recurring 2024 net profit, calculated without the contribution from the TNB (The New Bank) spin-off, by around 5% within the first 12 months. NSI plans to launch seven active exchange traded funds for U.S. retail investors during the first year, Azimut said. Azimut is buying 100% of NSI, which originated through a hiving off of assets from Oak Ridge Investments, from private equity firm Estancia Capital Partners and other shareholders.
