Latest news with #businessdevelopment
Yahoo
a day ago
- Business
- Yahoo
Kayne Anderson BDC Maintains Dividend Appeal Amid Insider Trading Activity
Kayne Anderson BDC, Inc. (NYSE:KBDC) earns a place among our list of 10 low risk dividend paying stocks for June 2025. The company saw its price target lowered, while Bank of America reiterated the Buy rating for the stock. The skyline of a bustling U.S. city, reflecting the investments of the public company's municipal bond index. Kayne Anderson BDC, Inc. is a business development company, headquartered in Texas, with a focus on making investments in middle-market companies. The company makes its investments primarily through first lien senior secured loans, as it offers a higher level of security in the event of a company's default. It also has a secondary focus on unitranche and split-lien loans. On May 29, 2025, Director Albert Rabil made a bold move by selling 43,020 shares of the company, with a total transaction value of $681,436. The next day, Kayne Anderson BDC, Inc. (NYSE:KBDC) saw a positive change in the insider transaction, with Director James Robo purchasing 43,020 shares valued at $681,436, signaling strong confidence in the company's growth prospects. Following positive Q1 results from the company and mixed insider sentiment, Bank of America, on May 30, 2025, maintained the Buy rating but reduced the price target from $17 to $16.50. Kayne Anderson BDC, Inc. (NYSE:KBDC) beta stands at 0.50, indicating reduced risk to market changes. The company's dividend yield of 10.26% remains appealing to investors. To benefit from the next dividend payment, investors must purchase stock before June 30, 2025. While we acknowledge the potential of KBDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None.
Yahoo
2 days ago
- Business
- Yahoo
Snowden Lane Beefs Up Business Development, Recruiting Talent
You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. Snowden Lane, a hybrid registered investment advisor and serial recruiter of wirehouse breakaways, is doubling down on its talent sourcing by hiring a former Merrill Lynch vice president to a new role of managing director of business development. Rob Russak, who has been with Merrill for over three years after stints at Morgan Stanley and Wells Fargo, will head the $10 billion RIA's growth strategies, which include recruiting, new technology and initiatives for current advisors. Snowden also hired Dana Crane as its first director of recruiting. She recently worked as an independent contractor with Fusion Financial Partners, but before that, worked at Koren Rogers Executive Search and Morgan Stanley. Both will be based in the firm's New York headquarters, as it seeks to attract advisors in a competitive talent marketplace. 'Bringing Rob and Dana on board is a clear signal of our ambition and momentum,' said Greg Franks, managing partner, president and COO of Snowden Lane, in a statement. Snowden makes the move after acquiring a chunk of the ownership stake once held by private equity firm Estancia Capital Partners this January. Through the transaction, the RIA provided partial liquidity to vested advisor owners of up to 40% of their equity holdings after seeing 30% year-over-year revenue growth in 2024. Advisors and employees now own two-thirds of the firm, with Estancia maintaining a one-third ownership stake. Since its founding in 2011, Snowden has steadily lured advisors from the big wirehouses and some RIAs. Its team currently includes 83 financial advisors across 15 offices. 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
Zawya
3 days ago
- Business
- Zawya
Bimser appoints Mehmet Onur Beşer to lead regional growth across the Middle East and Africa
Bimser, the Turkish enterprise software company enabling digital transformation for over 2,000 organisations globally, has appointed Mehmet Onur Beşer as its Regional Sales and Business Development Manager for the Middle East and Africa (MEA). Based in Dubai, Mehmet will lead Bimser's commercial strategy across the region as the company scales operations in one of its fastest-growing markets. The MEA appointment is part of Bimser's broader international growth strategy, with the region joining the US and Far East Asia as top expansion priorities. With an increasing number of organisations across MEA looking to streamline workflows, digitise operations, and meet evolving compliance standards, Bimser is investing in local leadership and ecosystem development to deliver responsive, high-impact solutions. A Decade of Expertise in Enterprise Transformation Mehmet has been with Bimser since 2012 and brings extensive experience in enterprise software consultancy, presales, and project delivery. An Industrial Engineer by training, he has successfully led more than 100 projects across the MEA region, implementing performance and process management, balanced scorecard systems, and integrated quality frameworks for clients spanning manufacturing, healthcare, and services. In previous roles as Product Manager and Presales Manager, Mehmet played a key role in shaping Bimser's operational excellence software suite—bridging technical development with real-world business needs and driving product innovation based on customer feedback. 'Mehmet's leadership marks an exciting chapter in our regional growth story,' said Murat Atıcı, CEO of Bimser. 'His experience, regional knowledge, and customer-centric approach align perfectly with our mission to help organisations digitise, optimise, and grow. With his guidance, we're confident Bimser will deepen its impact in the MEA region.' Innovative Solutions Built for Global Impact Bimser's product suite—including the Synergy AI Low-Code Platform, bEAM for enterprise asset management, QDMS for quality and compliance, eBA Plus for workflow and document management, Ensemble for performance management, and QGRC for governance and risk—offers organisations a powerful toolkit to digitise at scale. With embedded AI capabilities, cross-platform compatibility, and ISO-aligned compliance support, Bimser enables smarter, faster digital transformation. Founded in Türkiye in 1998, Bimser now operates five offices in three countries, including its UAE and US subsidiaries, and supports customers in over 30 countries worldwide. About Bimser Established in 1998, Bimser is a Turkish enterprise software company with over 2,500 customers in 30+ countries. Its solutions cover digital transformation across AI driven low code platform, document management, quality and compliance, maintenance and asset management, and business performance. Bimser operates through a global partner network and maintains offices in Turkiye, the USA, and the UAE.
Zawya
4 days ago
- Business
- Zawya
Al Rawdah SEZ: A defining moment for Oman's economic future
The recent unveiling of the Al Rawdah Special Economic Zone (SEZ) signals more than just a new development zone. It represents a turning point in Oman's economic journey—an ambitious, forward-looking initiative designed to reshape how we do business, attract capital, and integrate with regional and global markets. Located right on the border with the United Arab Emirates, in Al Buraimi Governorate, Al Rawdah SEZ is not just well placed—it is perfectly positioned. It links Oman directly with the UAE's vast logistical and financial infrastructure while remaining rooted in Oman's vision of inclusive and sustainable growth. This is an opportunity that deserves serious attention from the private sector, investors, SMEs, and government entities alike. This zone is unlike anything we've built before. It offers seamless cross-border access via the Rawdah border post and is strategically connected to two of the Gulf's most important ports—Sohar in Oman and Jebel Ali in Dubai. The ability to shift goods quickly, cut customs delays, and operate within both Omani and Emirati markets from a single base is a game changer. For businesses focused on speed, efficiency, and cost reduction, this is precisely the kind of setup we need in today's unpredictable global trade environment. Moreover, the development is backed by world-class players. DP World, the globally respected ports operator behind Dubai's Jebel Ali Free Zone, is the majority partner in the zone's development. This isn't just a real estate investment—it's a serious, strategic partnership. Oman's Public Authority for Special Economic Zones (OPAZ) has joined hands with DP World through Mahadha Development Company to bring international expertise together with national development goals. When such experienced partners are involved, it sends a strong message to the market: Al Rawdah SEZ is built to deliver. The first phase of the project includes a dry port with a handling capacity of 1.24 million containers annually. That's not just infrastructure—it's economic muscle. It gives businesses flexibility in managing imports, re-exports, and regional supply chains. Combined with dedicated roads, services, and utilities, it allows manufacturers and logistics firms to operate with confidence and speed. But what truly excites me as an economist is the policy framework behind this zone. Oman's new unified law on Special Economic Zones and Free Zones (Royal Decree 38/2025) simplifies how businesses engage with SEZs. We now have a consistent, transparent, and investor-friendly legal foundation. The law allows for full foreign ownership, 10-year tax holidays (with possible extensions), customs exemptions, and easy profit repatriation. Perhaps most importantly, it introduces a one-stop-shop for licensing—cutting red tape and improving the investor experience significantly. This is precisely the kind of bold regulatory reform the business community has been calling for. It's also perfectly in line with Oman Vision 2040, which emphasizes economic diversification, job creation, private sector growth, and knowledge transfer. Investors are not just being asked to set up shop; they're being welcomed into a system that respects their capital and time. The target sectors also show a smart and balanced strategy. Manufacturing, logistics, food processing, mining, pharmaceuticals, plastics, and safety services are all part of the initial rollout. These industries not only generate jobs and exports, they also bring technical know-how, help grow SMEs around them, and create demand for local services—from transportation to maintenance to hospitality. SMEs, in particular, have a lot to gain from this development. Al Rawdah is not just for large multinational firms. The ecosystem being built offers opportunities for small and medium-sized enterprises to plug into regional value chains. If we plan wisely, SMEs can provide support services, sub-contracting, packaging, distribution, and even tech-based solutions to the major tenants of the SEZ. What makes this zone even more relevant is its timing. Our trade with the UAE reached a record $15.2 billion in 2024. Al Rawdah SEZ is perfectly positioned to drive that number higher. By reducing friction and encouraging co-location of Emirati and Omani businesses, we are laying the groundwork for more value-added exports and regional production. This is not just about Oman serving the UAE; it's about both countries co-building competitive industries. Of course, no project of this scale is without challenges. Regional competition is fierce. Human capital development remains critical. We must ensure that our education, training, and business development programs are aligned with the needs of the zone. However, these are not reasons for hesitation—they are reasons for action. I call on Omani entrepreneurs, business owners, and investors to view Al Rawdah SEZ as more than a project—it is a platform. A platform to reach new markets, to collaborate with regional players, to test innovations, and to scale with confidence. It is a place where the private sector can lead, supported by a responsive government and strong international partners. For government stakeholders, Al Rawdah offers a chance to redefine governance around economic development. Fast-tracking approvals, integrating logistics systems, and enabling digital trade should be priorities. Let this be the model for how Oman does business going forward—efficient, connected, and globally competitive. In summary, Al Rawdah SEZ is not just another development zone. It is a symbol of what is possible when vision meets execution, and when partnership replaces isolation. Let us seize this opportunity—together. Dr Yousuf Hamed al Balushi Dr Yousuf bin Hamed al Balushi Dr Yousuf bin Hamed al Balushi
Yahoo
5 days ago
- Business
- Yahoo
MFG Chemical Hires Two Paints & Coatings BDM's, Water Additives Sales Representative, Health & Safety Manager
CHATTANOOGA, Tenn., June 23, 2025--(BUSINESS WIRE)--MFG Chemical, a leading manufacturer of specialty chemicals with six plants dedicated to meeting customers' needs with the highest product quality and safety standards for a wide range of markets served, has hired four (4) industry experts, as follows: Grover A. Gore II, Paints & Coatings Business Development Manager Grover Gore has 30 years of business development experience in specialty chemicals and related industries. Grover has a strong record of opening many new accounts and increasing business with existing accounts, working with customers to scale up from lab batch to either pilot plant batch or large-scale production. Grover has a consistent record of exceeding his goals by wide margins. He is a resident of Winston-Salem, NC and holds a Bachelor of Arts degree from North Carolina State University. Jeremy Pitts, Paints & Coatings Business Development Manager Jeremy Pitts has over 10 years of successful experience as a technical sales representative within the specialty chemicals industry, with a focus on paints & coatings most recently at Azelis CASE. Jeremy has been recognized on numerous occasions as one of the top technical sales representatives. He is also a current Board Member of the Florida Paints and Coatings Association, as well as the Southern Society of Coatings Technology. Jarrett Tornetta, Water Additives Sales Representative Jarrett Tornetta has developed great experience in the water treatment industry over the past 10 years with Brenntag. Jarrett graduated from Kutztown University with a Bachelor of Science in Business Administration – Marketing. He was named BSG Sales Rep of the Year 2019, has attended AWT and NEWEA shows, and has conducted jar testing and other field tests with water specialists at municipalities and labs. Forrest Reed, Health & Safety Manager Forrest Reed has over 25 years of experience in health and safety management within the chemical, construction and steel industries. His work on program development, risk management, and workplace training has reduced work-related injuries, identified/eliminated hazards, minimized financial loss, improved employee effectiveness, and fostered overall workplace safety improvement. Forrest completed his Master of Science degree in Safety Educations & Services at the University of Tennessee and earned his Bachelor of Arts from Berea College. MFG Chemical CEO Paul Turgeon stated, "With the hiring of such experienced experts as Grover Gore, Jeremy Pitts, Jarrett Tornetta and Forrest Reed, MFG Chemical continues to grow its already strong capabilities to help our paints & coatings, industrial water and specialty chemicals customers, as well as MFG's excellent health & safety profile." About MFG Chemical MFG Chemical LLC is a leading specialty and custom chemical manufacturer for a variety of markets. The Company is headquartered in Chattanooga, TN, and operates six manufacturing facilities, with pilot testing and product development capabilities in Chattanooga and Northwest Georgia. Key chemistries include water treatment chemicals, amides, esters, imidazolines, rheology modifiers and surfactants. Additionally, MFG has extensively upgraded and expanded its plants' capacities, received Awards for plant safety and process efficiency, and was recertified for ISO 9001: 2015. MFG has also attained a silver ranking at Eco Vadis for sustainability. MFG's Water Additives Division is comprised of Radical Polymers and Masters Company. Radical Polymers is a team of chemists with nearly 40 years of specific expertise in the design and application of water treatment additives. Radical Polymers' popular INITIA® product line of polymer additives provides customers with highly customized tools to meet the most challenging applications. Radical Polymers has also been awarded "Supplier of the Year" by the Association of Water Technologies (AWT). For over 60 years Masters Company, Inc. has been producing private labeled products and services, with regulatory and technical support for industrial, commercial, food safety, fuel oil, education, and scientific water treatment markets. This includes blending, ultra concentrates, test kits and services such as PDQ and RediTab phosphonate tests, enhanced polymer testing, calcium scale removal, iron/rust removal agents and peracetic acid testing for sanitation/water treatment applications. Masters Company, Inc. is a member of the Association of Water Technologies (AWT), has been named "Supplier of the Year" and in 2022 its Head, Garret Garcia received the distinguished Ray Baum Memorial Award for "Water Technologist of the Year". Masters Company, Inc. is also a member of the National Association of Corrosion Engineers (NACE), and the American Society of Heating, Refrigeration and Air-Conditioning Engineers. MFG's Paints & Coatings Division features HP Craft Polymers, whose resins are used in such diversified markets as high-performance coatings (including food and medical), marine and protective, performance coating resins and ink and varnishes. Coating chemistries include Alkyds, Polyesters, Varnishes & Rosin and Polyamide Imides. MFG's Specialty Chemicals Division produces Anionic Surfactants for multiple applications; Antiscalants for industrial water; Corrosion inhibitors for metal working; Lubricants for industrial applications; and Flocculants for industrial applications. We are also producing Water Soluble Polymers, Non-Aqueous Polymers, Condensation Reactions (ie Amides, Esters, Imidazolines). ENE Reactions, Mannich Reactions, Emulsion Polymerizations, Bromation, World-class Analytical Capabilities, PARR Reactors 1Liter 316 SS PTEFE Gasket (350 degree and 1900 PSI), Pilot facility (378 Liters/100 Gallons) 316SS, up to 288 Degrees C (550 Degrees F), Outsource R&D Capabilities Contract Research. MFG is a longtime member of SOCMA. For more information, visit or contact Joe Dymecki at jdymecki@ View source version on Contacts Media Contact:Jon AmdurskyMFG Chemicaljamdursky@ 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
