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Lehman Brothers Treasury Considers Sale and Final Wind-Down

AMSTERDAM--(BUSINESS WIRE)--Lehman Brothers Treasury Co. B.V. in liquidation (“LBT”) today, through its U.S. counsel Herbert Smith Freehills Kramer (USA) LLP, announced that LBT is considering a final wind-down of its estate. In connection therewith, LBT has retained Seaport Loan Products LLC as its exclusive placement agent in connection with the potential sale of LBT’s principal remaining asset – a $19.6 billion Class 4A allowed claim against Lehman Brothers Holdings Inc. (the “LBHI Claim”)....
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James Hardie to Expand Regional Distribution Partnerships

CHICAGO--(BUSINESS WIRE)--James Hardie Building Products Inc. (“James Hardie”), a wholly-owned subsidiary of James Hardie Industries plc (“JHI”) (NYSE / ASX: JHX), today announced expanded portfolio arrangements with several of its existing regional distributors to include James Hardie’s complete portfolio of exterior building products, alongside that of its North American affiliates’, in select locations: Capital Lumber Company (“Capital Lumber”), Dixie Plywood and Lumber Company (“DIXIEPLY"),...
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Ungoverned Pay Decisions Are Costing Enterprises Tens of Millions of Dollars a Year, New Data Shows

SEATTLE--(BUSINESS WIRE)--Enterprise organizations lose tens of millions of dollars per year to compensation decisions, according to new research released today by Syndio, the Decision Intelligence for Pay company. The findings are detailed in a new report, "The Hidden Cost of Ungoverned Pay Decisions," based on a proprietary model that isolates the financial impact of decisions made across hiring, promotions, and merit adjustments. What ungoverned pay decisions cost at scale The research surfa...
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PaveMasters Announces Majority Investment from THL Partners

SAN DIEGO--(BUSINESS WIRE)--PaveMasters, a leading provider of pavement maintenance services across the Western United States, today announced a majority investment from THL Partners (“THL”), a premier private equity firm investing in middle market growth companies. Existing investor Northern Lakes Capital (“NLC”) has sold its ownership stake as part of the transaction. With the backing of THL, PaveMasters will build on the company's founding strategy to create the preeminent destination for hi...
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ClickHouse Launches ClickHouse Labs With Andy Pavlo as VP of Database Research

SAN FRANCISCO--(BUSINESS WIRE)--ClickHouse today announced the launch of ClickHouse Labs, a new research group led by Andy Pavlo, one of the database industry’s most prominent researchers. Dr. Pavlo joins ClickHouse as Vice President of Database Research and will build a team dedicated to advancing the state of the art in database systems. Pavlo is an award-winning database researcher and professor at Carnegie Mellon University’s Computer Science Department. He is known throughout the database...
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Adams Street Raises Over $5 Billion for Secondaries Investment Program

CHICAGO--(BUSINESS WIRE)--Adams Street Partners, LLC, a leading private markets investment management firm with more than $73 billion of assets under management,* announced today it has secured over $5 billion in capital commitments for its latest Secondaries Investment Program, including the successful close of Global Secondary Fund 8 at $2.7 billion. Adams Street’s Secondaries Investment Program received strong support from new and existing institutional investors globally. The latest fundrai...
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Frazier & Deeter Establishes New England Presence with Acquisition of Gray, Gray & Gray

ATLANTA--(BUSINESS WIRE)--Frazier & Deeter (FD), a Top 50 nationally ranked accounting and advisory firm, today announced the acquisition of Gray, Gray & Gray, LLP, a highly regarded accounting and business advisory firm headquartered in Canton, Massachusetts. The transaction establishes FD’s presence in New England and reinforces the firm’s commitment to investing in premier regional markets. With this acquisition, FD deepens its reach across the Greater Boston area, one of the country...
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Ilitch Gaming Finalizes Acquisition of Remaining Interest in Ocean Casino Resort

ATLANTIC CITY, N.J.--(BUSINESS WIRE)--Ilitch Gaming today announced that an affiliate has completed the acquisition of the remaining 50% ownership interest in Ocean Casino Resort in Atlantic City, New Jersey. The transaction was first announced in June and expands Ilitch Gaming’s national gaming, hospitality, and entertainment portfolio. Since the initial 50% ownership interest was acquired in 2021, Ilitch Gaming’s team has worked closely with Ocean’s leadership to build a culture where colleag...
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ZoomInfo Connector Provides GTM Context Layer for Buyer Intent with Gemini Enterprise

VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: GTM), the all-in-one GTM platform, has confirmed a native connector between Gemini Enterprise, Google Cloud's enterprise AI platform, and ZoomInfo's headless GTM context layer. The connector gives mutual customers verified account, contact, and buyer intent data directly inside Gemini Enterprise, in natural language. ZoomInfo Data Now Available Inside Gemini Enterprise Gemini Enterprise connects an organization's business data, applications,...
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MassPay Builds a Measurable Demand Generation Engine with ZoomInfo

VANCOUVER, Wash.--(BUSINESS WIRE)--ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, has reported that MassPay, a fintech startup whose payout orchestration platform moves money across more than 175 countries and 70-plus currencies, has built a repeatable, measurable demand generation program using ZoomInfo data, according to the company. MassPay lets businesses send cross-border payouts through a single know-your-business check and a single API. Like many startups, it grew on word of mou...