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Flatiron Realty Capital and UBS O’Connor Form Co-Investment Strategy

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Janney Served as Sole Financial Advisor to Flatiron Realty Capital, LLC

NEW YORK, Oct. 16, 2024 /PRNewswire/ —

Transaction Overview

Flatiron Realty Capital, LLC (“Flatiron”) has announced the formation of a co-investment strategy focused on residential transition loans (“RTL”) with O’Connor Capital Solutions (“OCS”), the private credit strategy within UBS O’Connor.

RTLs are short-term, 1st lien business purpose loans on residential real estate used for renovation and / or construction.

The investment will enable Flatiron to capitalize on its robust pipeline and attractive market dynamics. The vehicle is expected to be capitalized through an expandable investment of up to $100 million USD from OCS alongside co-invested equity from Flatiron and its owners, as well as mortgage funding facilities. The investment is expected to expand Flatiron’s managed loan portfolio to at least $600 million USD.

Janney served as sole financial advisor to Flatiron in connection with the transaction.

“We are pleased to announce the formation with OCS. We continue to see attractive opportunities within our target markets. This speaks to the strengths of the platform we have built at Flatiron and enables us to leverage our expertise by providing solutions to an expanded client base,” said Robert Talas, Founding Partner of Flatiron.

“RTLs are a growing product within the broader real estate lending industry. We see increasing liquidity and attractive capital markets dynamics for capital deployment in RTLs,” said Joshua Mercado, a principal at OCS.

Since 2015, OCS has raised more than $3 billion USD in committed capital across multiple funds and separately managed accounts. OCS focuses on credit and credit-like investments across corporate direct lending, asset finance, and real estate. It targets investment sizes from $20 to $150 million USD.

About Flatiron Realty Capital LLC

Flatiron Realty Capital was founded in 2018 as a privately funded real estate portfolio lender that offers alternative sources of financing to real estate developers and investors. Specializing in bridge loans, construction / rehabilitation financing, and 30-year rental investment products, Flatiron provides holistic solutions to satisfy the short-term and long-term financing needs of its core customer base.

Flatiron harnesses the hands-on, service-oriented approach of a local lender with the capital markets execution capabilities and technology-enabled infrastructure of a highly-scalable organization to offer customers proprietary credit solutions and customized service offerings.

For more information, please visit www.flatironrealtycapital.com

About UBS O’Connor
O’Connor is a multi-strategy hedge fund manager within UBS Asset Management, with complete independence in its investment decision-making. O’Connor has over 40 years of institutional experience in trading and market making and 20 years’ experience as a hedge fund manager with a strong focus on relative value investing and risk management. O’Connor’s capabilities cover a wide range of investment programs and manage over USD 11.4 billion in assets (as of August 2024) on behalf of institutional and high net worth clients. The firm has a global operating platform with offices located in New York, Chicago, Stamford, London, Hong Kong, Shanghai and Singapore.

For more information on UBS O’Connor, please contact:

ol-am-mediarelations@ubs.com
UK: +44 20 7901 5538
Americas: +1 212 713 3803

About the Financial Institutions Group at Janney

The Financial Institutions Group at Janney specializes in serving financial institutions looking to better manage assets, risks, operations, and create shareholder value. We offer expert advisory in a buy-side or sell-side M&A role, as well as guidance in capital raising transactions through equity or debt instruments for both public and private institutions. We have a consistent track record of delivering highly customized solutions, exceptional service, and support from a senior team of professionals.

The group has deep expertise and experience in the following sectors: Depositories, Specialty Finance, REITS, BDCs, Insurance, and Fintech.

About Janney Investment Banking

Janney’s Investment Banking practice is a leader in middle-market advisory and financing solutions. We place a high value on our consistent track record of delivering solutions and results to our clients. Since 2015, we have completed over 630 transactions aggregating over $85 billion in transaction value. We work with clients on a highly personalized basis, providing exceptional service, commitment, and senior-level attention.

Matt Veneri
Head of Investment Banking
404-601-7222
mveneri@janney.com

Depositories | Business Services | Consumer | Healthcare | Industrials | Energy | Infrastructure |    Financial Services | Technology

About Janney

Janney Montgomery Scott LLC is a leading full-service investment banking and financial services firm serving individual, corporate, institutional, and government clients. Janney is an independently operated subsidiary of The Penn Mutual Life Insurance Company, one of the 15 largest mutual insurance companies in the nation, and is a member of the New York Stock Exchange, Financial Industry Regulatory Authority, and the Securities Investor Protection Corporation.

Janney Montgomery Scott LLC
The Highest Standard of Success in Financial Relationships
www.Janney.com

For more information, please contact:
Kipp Fawcett
Managing Director
212-230-2328
kfawcett@janney.com

Matthew Pennino
Managing Director
646-812-7927
mpennino@janney.com

Matthew Paul
Vice President
215-665-6022
mpaul@janney.com

Zach Zygmunt
Associate
212-888-2527
zzygmunt@janney.com

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SOURCE Flatiron Realty Capital

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China’s Aima Electric Vehicle’s flagship store in Pakistan has officially opened, advancing clean energy and empowering China-Pakistan cooperation under the Belt and Road Initiative.

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LAHORE, Pakistan, Oct. 17, 2024 /PRNewswire/ — Aima, a leading Chinese electric two-wheeler brand, grandly opened its flagship store in Lahore, Pakistan. Important guests including IRFAN QADIR (CEO SIWA INDUSTRIES & Qadir Group of Companies), Imran Qadir (MD SIWA INDUSTRIES), and some good dealers, along with journalists from multiple mainstream media outlets, attended the opening ceremony.

The opening ceremony also invited well-known local internet opinion leaders such as Bike Mate PK, TALOOT ARTS, and Pak Vloggers. At the ceremony, Aima presented an electric vehicle to Nadeem Arshad, the Pakistani athlete who won the gold medal in the men’s javelin throw at the Paris Olympics, which sparked widespread attention and discussion on local social media.

The opening of this Aima Electric Vehicle flagship store, located at Building No. 596 A Block, Faisal town, Mulana Shaukat Ali Road Lahore, marks a significant step forward in Aima’s global strategy. Over the years, Aima electric vehicles have frequently appeared at top overseas auto shows, and the company has gradually established overseas branches, overseas factories, and plans to establish overseas R&D centers. By actively localizing its operations, conducting in-depth research on local laws, regulations and user habits, and through technological innovation to further improve the technology and safety of its exported products, Aima is steadily and confidently expanding its global market presence.

In recent years, bilateral practical cooperation between China and Pakistan has steadily progressed, and high-quality joint construction of the China-Pakistan Economic Corridor has yielded fruitful results. As a highly flexible new energy carrier, electric two-wheelers have played an increasingly important role in the global development of the clean energy industry. Aima’s successful entry into Pakistan further demonstrates the strength and influence of China’s green technology travel, positively empowering the China-Pakistan Economic Corridor, a flagship project of the Belt and Road Initiative, with green economy.

In the future, as more Aima electric vehicle specialty stores open, Aima is expected to play a more important role in the development of Pakistan’s clean energy industry, driving energy cooperation of the China-Pakistan Economic Corridor deep into the “capillaries” of Pakistani society and people’s livelihood. Under the framework of the Belt and Road Initiative, with green travel as a lever, Aima will help Pakistan grasp more sustainable development opportunities in the field of clean energy. Hand in hand, China and Pakistan are striving for a cleaner and more promising future.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/chinas-aima-electric-vehicles-flagship-store-in-pakistan-has-officially-opened-advancing-clean-energy-and-empowering-china-pakistan-cooperation-under-the-belt-and-road-initiative-302278633.html

SOURCE AIMA Technology

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KLEVV LAUNCHES ITS FIRST HIGH-PERFORMANCE STANDARD CU-DIMM AND CSO-DIMM DDR5 MEMORY

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OPTIMIZED FOR SUPERIOR PERFORMANCE WITH INTEL 15TH GEN CORE ULTRA PROCESSORS AND Z890 PLATFORM

HONG KONG, Oct. 17, 2024 /PRNewswire/ — KLEVV, the leading consumer memory and storage brand introduced by Essencore, today announces its first-ever CU-DIMM & CSO-DIMM memory modules, which work seamlessly with the latest Intel® Core™ Ultra (Series 2) “Arrow Lake-S” Processors/ Z890 platform to unleash the true DDR5 performance.

Groundbreaking CKD Technology for Revolutionary Performance

KLEVV’s next-generation DDR5 memory lineup receives a substantial performance boost with the integration of advanced Client Clock Driver (CKD) technology. Incorporated via a small integrated circuit (IC) directly on the DIMM, CKD IC enhances the module’s speed and efficiency for both desktop and laptop applications. By regenerating the memory chips’ clock signal, it improves stability, supports higher operating frequencies, and minimizes electrical interference and signal degradation—pushing the boundaries of memory performance.

High-Efficiency Performance, Precision Engineering and Seamless Compatibility

Designed for both performance desktop and laptop systems, KLEVV’s new Standard CU-DIMM and CSO-DIMM memory modules combine the brand’s renowned quality with cutting-edge DDR5 technology, making them ideal for both casual and professional users. Leveraging the innovative CKD architecture, these modules deliver exceptional stability and reliability, even at high speeds, effectively mitigating electrical interference that could otherwise hinder performance. With this advanced design, users can count on smooth, efficient operation, even under heavy workloads.

Unmatched Synergy with Intel 15th Processors 

Fully compliant with JEDEC specifications, KLEVV’s CU-DIMM and CSO-DIMM modules are crafted with precision to ensure seamless compatibility with Intel’s latest 15th-gen Arrow Lake processors. Available in capacities of 16GB, 24GB, 32GB, and 48GB per DIMM, they feature a remarkable clock speed of 6,400 MT/s and latency timings of CL 52-52-52-103 at 1.1V. These speeds are equal to transferring 10(ten) full-HD movies in just one second, illustrating their astounding speed and efficiency. Users should expect this groundbreaking technology on KLEVV’s future products to pave the way for faster and more efficient computing solutions.

Warranty and Availability

KLEVV’S new Standard CUDIMM and CSODIMM DDR5 memory modules come with a limited lifetime peace of mind warranty and will be available in Q4. KLEVV products are distributed by Integral Memory plc in the United Kingdom/ France/ Spain/ Germany. Consumers may visit Amazon sites for online purchases.

About ESSENCORE

Established in 2014, ESSENCORE Limited strives to become the world’s leading vendor of DRAM modules and NAND flash application products. With a mission to “Change the world and be a leader in semiconductor distribution,” ESSENCORE’s business strategy focuses on adopting the latest technologies to differentiate itself from competitors, delivering specialized memory products, and offering a diverse product portfolio to ensure customers are always competition-ready. 

ABOUT KLEVV

KLEVV, is a premium brand of ESSENCORE, the major Module and NAND Flash application product vendor. The KLEVV range focused on superior gaming memory modules and solid state drives. KLEVV is committed to delivering world-class products with first-rate quality, and all products are engineered for enthusiasts who are pursuing the best things in life. KLEVV memory/SSD have been recognized by Germany’s Red Dot Design Award and iF Design Award for its innovative product designs. For more information, please visit www.klevv.com.

Photo – https://mma.prnewswire.com/media/2532137/Klevv.jpg

View original content:https://www.prnewswire.co.uk/news-releases/klevv-launches-its-first-high-performance-standard-cu-dimm-and-cso-dimm-ddr5-memory-302277939.html

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Introducing The Gorilla Fund: Transforming Land Transactions with a Mission for Environmental Stewardship

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AUSTIN, Texas, Oct. 16, 2024 /PRNewswire/ — The Gorilla Fund, a new and innovative land company, is launching with a mission to revolutionize land transactions while actively contributing to environmental preservation. Founded by seasoned entrepreneur and adventurer Paul Emery, The Gorilla Fund aims to make buying and selling land simple, transparent, and meaningful.

Transforming land investment while planting roots for a greener tomorrow – 1,000 trees at a time.

“At The Gorilla Fund, we believe in making the journey of buying and selling land simple, transparent, and meaningful,” says Paul Emery, Founder of The Gorilla Fund. “For every piece of land sold, we plant 1,000 trees, ensuring that our impact reaches far beyond the land itself. Together, we’re building a legacy of trust, sustainability, and positive change, one acre at a time.”

“Buying land should be the simplest process, but it’s simply not,” Emery adds. “Our goal is to change that, and make selling and buying land as easy as switching on a light bulb.”

Leveraging Data and AI to Unlock Value

The Gorilla Fund integrates advanced data analytics and AI to accelerate deal flow and unlock value for clients. By streamlining decision-making, identifying opportunities, and optimizing pricing, the company ensures both buyers and sellers benefit from efficient, data-driven transactions.

With a commitment to sustainability and purpose-driven action, The Gorilla Fund aligns responsible land development with environmental stewardship. Each transaction contributes to a lasting, positive environmental footprint.

Paul Emery brings a rich history of entrepreneurial success and bold ventures to The Gorilla Fund. Based in Austin, Texas, Emery is a father, husband, and adventurer, with achievements including the solo circumnavigation of the globe by motorcycle in under 100 days, solo sailing the Atlantic, and flying with the Royal Air Force.

His business career is equally impressive. As co-founder of Makosi, a company providing scalable talent solutions to global accounting firms, Emery has built a track record of success. Makosi has serviced over 100 clients across North America, Europe, Africa, and APAC and made a significant social impact by putting 10,000 children through school in developing countries.

About The Gorilla Fund

The Gorilla Fund is a purpose-driven land company dedicated to making land transactions simple, transparent, and sustainable. For every acre sold, the company plants 1,000 trees to contribute to reforestation efforts and environmental preservation. The Gorilla Fund combines advanced technology with environmental stewardship, ensuring every deal leaves a positive impact on the planet.

For more information, visit www.thegorillafund.com or contact media@gorillafund.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/introducing-the-gorilla-fund-transforming-land-transactions-with-a-mission-for-environmental-stewardship-302278638.html

SOURCE The Gorilla Fund

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