Market Newsdesk

COMvergence Report Shows OMG #1 for Retention, Holding on to 74% of Its Billings in Play
in a Year When the Industry Average Was Only 32%

OMG agencies PHD and OMD Leverage Agency as a Platform Model


to Dominate Global Media Network Ranking

NEW YORK
, March 25, 2025 /PRNewswire/ — Omnicom Media Group (OMG), the media services division of Omnicom (NYSE: OMC) and parent company to the OMD, PHD and Hearts & Science global media agency networks, had the best total new business record (wins minus losses, including retentions) among global media management groups in 2024.

As reported in the recently published Global Media Agency New Business Barometer Full Year 2024 – an analysis of the global media agency marketplace from independent research company COMvergence – OMG was awarded approximately $7.7 billion in client billings – including $4.6 million in retained business – in 2024, outperforming its nearest competitor by more than $1 billion.

Notably, OMG also had the best retention rate, successfully defending 74% of its billings in review – in a year when the industry’s average retention rate was only 32% – while concurrently expanding its client roster with net new wins like Amazon, Gap Inc., Goldman Sachs, HanesBrands, Michelin, Priceline, and Tim Hortons.

Looking at 2024 total new business against 2023 billings reveals a projected 2024 YoY growth rate of 10.5%¹ – the highest among all global media groups – as well as an overall retention rate of 96% across all OMG clients.

The COMvergence results affirm the findings of a 2024 analysis from leading research and advisory firm Forrester in which OMG was named a “Leader”. Earning the highest score among the 12 global media management groups evaluated in The Forrester Wave™: Media Management Services, Q4 2024, OMG received 5/5 scores in eight categories, including Innovation, Martech and Adtech Implementation and Media Responsibility. As reported in the evaluation, Omnicom clients noted the agency’s transparent business practices, trustworthy relationships, and strength of Omni – the open operating system that supports all Omnicom agencies – technology for media and business intelligence.

The Omni advantage was evident in OMG’s win/loss share as the group leveraged its Omni-powered Agency as a Platform model that enables a flexible ecosystem of talent, capabilities, and technology across all OMG agencies to win 24% of the $39 billion in business in 2024, while its share of losses was only 8%.

Commenting on the group’s 2024 performance, OMG CEO Florian Adamski said “The only thing more challenging than winning a new client over a months-long pitch is re-winning the clients you have – every single day. In 2024, our 28,000 people around the world met both of those challenges, optimizing our Agency as a Platform model to deliver innovative media solutions that drive business growth and build enduring relationships – between brands and consumers, and between brands and their media agency partner – in an increasingly more complex and dynamic marketplace.”

Beyond topping the global ranking, OMG was also #1 in North America, EMEA and LATAM, and in the largest advertising market (the US); and in Argentina, Bulgaria, Czechia, France, Germany, Ireland, New Zealand, Peru, Portugal, Singapore, Slovakia, Sweden Switzerland, and Turkey.

PHD and OMD Again Dominate the Global Agency Network Rankings

OMG’s best-in-class total new business ranking was fueled by powerful performances from its agency networks– PHD and OMD claiming the #1 an d #3 spots on the global network ranking.

PHD’s secured its best-in-class ranking with $3.8b in total new business earned by successfully defending the $2.2b Volkswagen Group business as well as Sainsbury’s , HP and the majority of its Unilever business – a performance that translated to an astonishing 83% retention rate, topping all other networks by a significant margin. Incremental wins included Priceline and David Yurman and an expanded relationship with QSR giant Restaurant Brand’s International – for which it supports Burger King, Popeye’s, and Tim Horton – with the addition of the Firehouse Subs franchise in the US and the Tim Horton’sCanada business.

Joining PHD at the top of the global ranking with wins that included Gap Inc., MSC Cruises, AliExpress and Michelin, OMD was also the #1 agency network in North America for net new business (wins minus losses, excluding retentions).

A Strong Start to 2025
The COMvergence ranking caps a first quarter that has seen OMG and its agencies leading the industry on multiple fronts, starting at CES where the group announced a series of first-mover partnerships with Amazon, Google, Roku and TikTok that unlock consumer insights to supercharge search investment and outcomes.

Less than 30 days into the new year the trade press reported that the $550 Volkswagen China business had been awarded to PHD China. This was followed by Warner Bros Discovery naming Hearts & Science media agency of record for APAC.

Earlier this month, PHD and OMD each earned Agency of the Year titles from the leading US advertising trade publications, with Adweek naming PHD its Global Media Agency of the Year for the second consecutive year; and AdAge naming OMD USA its Media Agency of the Year. 

About Omnicom Media Group 


Omnicom Media Group
 (OMG), the media services division of Omnicom (NYSE: OMC), delivers transformational experiences for consumers, clients, and talent. Powered by the Omni marketing orchestration system, OMG connects best-in-class capabilities that enable our full-service media agencies OMD, PHD and Hearts & Science to deliver more relevant and actionable consumer experiences; more productive and proactive client experiences; and more collaborative and rewarding talent experiences for the more than 28,000 people serving the world’s leading brands in OMG agencies around the globe.

___________________________

¹ COMvergence Global & Regional Billings Rankings Projected 2024

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SOURCE Omnicom Media Group

VANCOUVER, BC
, March 25, 2025 /PRNewswire/ — Siyata Mobile Inc. (Nasdaq: SYTA) (“Siyata” or the “Company“) announced today that Core Gaming, Inc. (“Core Gaming”) who it recently signed definitive merger agreement with, has entered into an arrangement with Fire Rhino Studios (“Fire Rhino”). The arrangement will see Core Gaming and Fire Rhino cooperate on a research and development initiative to create and market games in a niche market of casual gaming.

Fire Rhino is a studio specializing in casual puzzle games. Known for its innovative design and extensive expertise, it has achieved significant success in card and sorting games. Fire Rhino has made a name for itself with standout titles that include Solitaire Aces and Block Sort Temple.

Aitan Zacharin, CEO of Core Gaming, to this added, “We are pleased to announce our arrangement with Fire Rhino, a top tier studio that has a reputation for crafting gaming experiences that are both entertaining and thought-provoking. By combining fun gameplay with strategic depth we intend to launch new titles that will challenge players to think critically while having a great time. We look forward to a successful arrangement and producing fresh and engaging games.”

About Core Gaming, Inc. and Siyata Mobile Inc.

Core Gaming, Inc. is an international AI driven mobile gaming developer and publisher headquartered in Miami, Florida. We create entertaining games for millions of players worldwide, while empowering other developers to deliver player-focused apps and games to enthusiasts. Core Gaming’s mission is to be the leading global AI driven gaming company. Since our launch, we have developed and co-developed over 2,000 games, driven over 600 million downloads, and generated a global footprint of over 40 million users from over 140 countries. Visit www.coregaming.co to learn more.

Core Gaming previously announced signing of a definitive merger agreement with Siyata Mobile, Inc., which is currently subject to regulatory approval(s) and satisfaction of customary closing conditions.

Siyata’s common shares trade on the Nasdaq Capital Market, LLC under the symbol “SYTA”, and its warrants under the symbol “SYTAW”. Visit www.siyata.net to learn more.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata’s current expectations, they are subject to various risks and uncertainties and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Siyata’s filings with the Securities and Exchange Commission (“SEC”), and in any subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release.

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SOURCE Siyata Mobile Inc.

TORONTO
, March 25, 2025 /CNW/ – CIBC has reinforced its commitment to responsible AI by becoming the first major Canadian bank to sign the Government of Canada’sVoluntary Code of Conduct on the Responsible Development and Management of Advanced Generative AI Systems. This initiative highlights CIBC’s dedication to fostering ethical AI practices and promoting responsible innovation within the financial sector.

“At CIBC, we understand the significant impact that artificial intelligence can have on our industry and society,” said Dave Gillespie, Executive Vice-President, Infrastructure, Architecture and Modernization, CIBC. “By adhering to this voluntary code of conduct, we are reinforcing our commitment to responsible AI development and deployment, ensuring that our AI systems are fair, transparent, and accountable.”

The voluntary generative AI code of conduct sets out key principles for the responsible use of AI technologies, including:

• Accountability: Establishing robust governance frameworks for AI oversight;
• Fairness: Ensuring that AI systems are designed and implemented with the risk of biased outputs mitigated prior to release;
• Transparency: Providing clear and accessible information about AI systems and their impacts;
• Privacy: Protecting client data and maintaining compliance with privacy regulations.

As set out in the 2024 Sustainability Report, our AI governance foundation is built on our Trustworthy AI Principles, enforced through the CIBC Enterprise AI Framework, and supported by our robust AI Risk Assessment Process (AIRAP). In addition, we have AI governance committees consisting of Senior Executives as well as risk stakeholders across the bank. Our approach ensures that we leverage AI with thoughtfully designed guardrails to support innovation. In 2024, CIBC introduced several GenAI pilot programs, including its CIBC AI platform, its Knowledge Central information hub, and GitHub CoPilot, to enhance productivity and client service.

“Our participation in this initiative is a testament to our ongoing commitment to innovation and accelerating our AI adoption responsibly, to better support our clients and communities,” added Gillespie. “We believe that responsible AI practices are essential for building trust and delivering sustainable value.”

About CIBC 

CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://www.cibc.com/en/about-cibc/media-centre.html.

SOURCE CIBC

• Leadership team selections include Dr. Rajeev Gautam as Chairman of the Board, David Sewell as President and CEO and Tina Pierce as CFO
• Independent company will be named Solstice Advanced Materials
• Headquarters will be located in Morris Plains, New Jersey

CHARLOTTE, N.C.
, March 25, 2025 /PRNewswire/ — Honeywell (Nasdaq: HON) today announced key leadership roles for its Advanced Materials business, which will be named Solstice Advanced Materials after its tax-free spin to shareholders targeted to be completed by late 2025 or early 2026. The independent company will be headquartered in Morris Plains, New Jersey.

Solstice Advanced Materials will be a publicly traded, sustainability-focused, specialty chemicals and materials pure play. With nearly $4 billion in revenue last year, Solstice Advanced Materials will offer leading technologies with premier brands, including the Solstice® hydrofluoroolefin technology.

Ahead of the planned spin-off, Honeywell has announced several members of the new company’s leadership team:

• Dr. Rajeev Gautam has been selected to serve as non-executive Chairman of the Board of Directors, effective on completion of the spin. Gautam brings more than four decades of experience at Honeywell in the process technologies and advanced materials sectors. Prior to his retirement in 2021, he served as President and Chief Executive Officer of Honeywell Performance Materials and Technologies (PMT) and also previously served as President of Honeywell UOP. He currently serves on the board of directors of NN, Inc.

• David Sewell will join as President and Chief Executive Officer of the Advanced Materials business, effective immediately. He is expected to retain this title with the new company upon completion of the spin. Sewell brings more than 30 years of experience in the materials and chemicals industries, having most recently served as the President and Chief Executive Officer of WestRock Company. Prior to this, he was the President and Chief Operating Officer of The Sherwin Williams Company and spent more than 15 years in General Electric’s Plastics and Advanced Materials Division. He currently serves on the boards of directors of the National Association of Manufacturers and Huntsman Corporation.

• 
  Tina Pierce
  has been named Chief Financial Officer of the Advanced Materials business, effective May 1, 2025. She is expected to retain this title with the new company upon completion of the spin. Pierce is currently the Vice President and Chief Financial Officer of Honeywell Industrial Automation and has over 25 years of experience at Honeywell as a global Chief Financial Officer of several major business segments, including Performance Materials and Technologies and Home and Building Technologies.  Pierce previously served on the board of directors of Garrett Motion, Inc.

• Jeff Dormo and Simon Mawson will be promoted to lead Solstice Advanced Materials’ two business segments, each taking on the role of Senior Vice President and General Manager. Both currently lead business units of Honeywell Advanced Materials and bring a significant range of experience in the chemicals and specialty materials industry, with a focus on business growth and strengthening customer relationships.

“We are pleased to have this accomplished team lead Solstice Advanced Materials, and I have incredible confidence in their ability to innovate and grow the business moving forward,” said Vimal Kapur, Chairman and CEO of Honeywell. “Rajeev’s 43-year career as a leader in Honeywell’s Process Technologies and Advanced Materials businesses combined with David’s experience overseeing a multi-year transformation strategy as CEO of a publicly traded company make them the ideal leaders.”

Kapur added, “With a trusted legacy built from its breakthrough low global warming Solstice® technology and its next-generation chemistry advances, Solstice Advanced Materials is already well-positioned to be a leader in the specialty chemicals and materials market.”

In addition to its headquarters in Morris Plains, New Jersey, Solstice Advanced Materials will have teams located in Charlotte, Houston, Dublin, Shanghai, Tokyo, Bangalore, Bucharest and Mexico City. The independent company will maintain its global manufacturing footprint along with additional R&D sites. With a large-scale domestic manufacturing base, Solstice Advanced Materials will be positioned to benefit from a compelling investment profile and a more flexible and optimized capital allocation strategy.

Honeywell’s Portfolio Optimization
On October 8, 2024, Honeywell announced its plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company. Following that announcement, on February 6, 2025, Honeywell announced a full separation of its Aerospace Technologies business, which is expected to be completed in the second half of 2026 in a manner that is tax-free to Honeywell shareholders.

Since December 2023, Honeywell has announced a number of strategic actions to drive organic growth and simplify its portfolio. This includes approximately $11 billion of accretive acquisitions: the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products and Sundyne. In addition, Honeywell entered into an agreement to divest its Personal Protective Equipment business, which is expected to close in the first half of 2025.

About Honeywell
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world’s toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future and include statements related to the proposed spin-off of the Company’s Advanced Materials business into a stand-alone, publicly traded company and the proposed separation of Automation and Aerospace. They are based on management’s assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

 

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SOURCE Honeywell

Investment will fuel the advancement of its AI-powered clinical intelligence platform, transforming patient care and value-based care outcomes

NEW YORK
, March 25, 2025 /PRNewswire/ — Navina, a market leader in AI-powered clinical intelligence, today announced the successful completion of a $55 million Series C funding round, bringing the total funding to $100 million. The round is led by Growth Equity at Goldman Sachs Alternatives, with participation from existing investors, including Vertex Ventures Israel, Grove Ventures and ALIVE.

This significant investment will accelerate Navina’s expansion across the U.S. healthcare market, enhance its proprietary AI technology, and further drive improvements in patient outcomes by bringing proactive clinical intelligence to every outpatient interaction.

“This investment is a powerful validation of Navina’s vision to improve patient outcomes and healthcare economics by breaking down data barriers with AI,” said Ronen Lavi, co-founder and CEO of Navina. “We’re thrilled to partner with a best-in-class firm like Goldman Sachs, whose market leadership will be instrumental as we enter this pivotal growth phase and expand our market reach. With this additional capital, we will continue to accelerate AI innovation and revolutionize healthcare by making every patient interaction more empathic, personalized, and proactive.”

Navina’s AI copilot has rapidly established itself as the trusted solution for value-based care organizations, beginning with primary care and expanding to broader healthcare segments. The platform serves over 10,000 healthcare professionals across 1,300 clinics and supports the care of more than three million patients. The company has already secured partnerships with industry leaders including agilon health, InnovaCare Health, Millennium Physician Group, and Privia Health, and was recently recognized as Best in KLAS 2025 for Clinician Digital Workflow, further validating its exceptional customer satisfaction and trust.

“AI is rapidly transforming modern healthcare, and Navina stands at the forefront of that transformation – delivering real, measurable value to thousands of clinicians,” said Irit Kahan, Managing Director in Growth Equity at Goldman Sachs Alternatives. “Their deep integration into clinical workflows, unparalleled provider trust, and demonstrated ROI make them uniquely positioned to drive meaningful impact across the healthcare ecosystem. We believe Navina’s AI-powered platform is a game-changer, and we are excited to support their next stage of growth.”

As healthcare continues to transition toward value-based care, the need for accurate and timely clinical intelligence has become more critical than ever. Yet fragmented data, inefficient manual workflows, and growing administrative burdens make it difficult for clinicians to deliver proactive, preventive patient care, resulting in poor clinical outcomes and high cost of care.

Navina equips clinicians and care teams with real-time, data-driven insights that improve the quality of care and financial outcomes. Navina’s AI copilot surfaces clinical insights that support effective decision-making throughout the care continuum–from the back office to the point of care–while significantly reducing the administrative burden. Navina natively integrates into the clinician workflow, and maintains an impressive 86% weekly active usage rate and high trust in its AI recommendations within daily practice.

With this funding, Navina will accelerate the development of its proprietary AI to ultimately become the definitive source of unified patient data that improves efficiency and care quality across the ecosystem from payers to providers. The company will expand its platform capabilities to further automate and optimize workflows from proactive population health management to effective point-of-care intervention.

About Navina

Navina’s AI copilot brings clinical intelligence to clinicians and care teams, transforming care and value-based outcomes. Navina’s powerful AI turns fragmented patient data into a concise patient profile with actionable insights at every clinical touchpoint. Designed for and loved by physicians, Navina reduces missed diagnoses, improves quality metrics and risk adjustment accuracy, and alleviates the administrative burden—allowing providers to focus on what matters most: their patients. Privia Health, agilon health, and Millennium Physician Group are among some of the leading value-based care organizations leveraging Navina’s AI copilot to enhance clinician workflows and improve quality performance. The company was selected Best in KLAS 2025 for Clinician Digital Workflow, and won recognition in the 2024 MedTech Breakthrough Awards, KLAS Emerging Solutions Top 20 report, and the CB Insights Digital Health 50 list.

About Growth Equity at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has more than $3.1 trillion in assets under supervision globally as of December 31, 2024.

Since 2003, Growth Equity at Goldman Sachs Alternatives has invested over $13 billion in companies led by visionary founders and CEOs. The team focuses on investments in growth stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer and healthcare.

MEDIA CONTACT:
For Goldman Sachs Asset Management
Joseph Stein, +44 207 774 2523

FOR NAVINA:

Brook Terran

Evergreen & Oak for Navina
336-269-7001
[email protected]

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SOURCE Navina

Interest Rate Reduced; Maturity of the Facility Extended to February 2030

HOUSTON
, March 25, 2025 /PRNewswire/ — MSC Income Fund, Inc. (NYSE: MSIF) (the “Company”) is pleased to announce that its wholly-owned subsidiary, MSIF Funding, LLC, recently amended its special purpose vehicle revolving credit facility (the “SPV Facility”) with JPMorgan Chase Bank, National Association. The recently closed amendment decreases the interest rate to three-month Secured Overnight Financing Rate (“SOFR”) plus 2.20% from the prior interest rate of three-month SOFR plus 3.00% per annum. The amendment also extends the revolving period, or reinvestment period, through February 2029 and the final maturity date to February 2030.

ABOUT MSC INCOME FUND, INC.

The Company (www.mscincomefund.com) is a principal investment firm that primarily provides debt capital to private companies owned by or in the process of being acquired by a private equity fund. The Company’s portfolio investments are typically made to support leveraged buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. The Company seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy. The Company also maintains a portfolio of customized long-term debt and equity investments in lower middle market companies, and through those investments, the Company has partnered with entrepreneurs, business owners and management teams in co-investments with Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) utilizing the customized “one-stop” debt and equity financing solution provided in Main Street’s lower middle market investment strategy. The Company’s private loan portfolio companies generally have annual revenues between $25 million and $500 million. The Company’s lower middle market portfolio companies generally have annual revenues between $10 million and $150 million.

ABOUT MSC ADVISER I, LLC

MSC Adviser I, LLC (“MSCA”) is a wholly-owned subsidiary of Main Street that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. MSCA serves as the investment adviser and administrator of the Company in addition to several other advisory clients.

FORWARD-LOOKING STATEMENTS

This press release may contain certain forward-looking statements, including but not limited to the availability of future financing capacity under the SPV Facility. Any such statements other than statements of historical fact are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company’s control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual performance and results could vary materially from these estimates and projections of the future as a result of a number of factors, including those described from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. Such statements speak only as of the time when made and are based on information available to the Company as of the date hereof and are qualified in their entirety by this cautionary statement. The Company assumes no obligation to revise or update any such statement now or in the future.

Contacts:
MSC Income Fund, Inc.
Dwayne L. Hyzak, CEO, [email protected] 
Cory E. Gilbert, CFO, [email protected] 
713-350-6000

Dennard Lascar Investor Relations

Ken Dennard / [email protected] 
Zach Vaughan / [email protected] 
713-529-6600

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SOURCE MSC Income Fund, Inc.

BASEL, Switzerland, March 25, 2025 /PRNewswire/ — OSR Holdings, Inc. (NASDAQ: OSRH), a global healthcare company dedicated to advancing healthcare outcomes and improving the quality of life for people and their families, today announced the appointment of Dr. Constance Höfer as its new Chief Scientific Officer (CSO). Dr. Höfer, a seasoned leader in drug development with over 20 years of experience in oncology and immunology, will oversee OSR Holdings’ scientific strategy and innovation pipeline.

Dr. Höfer joins OSR Holdings from Merck Healthcare, where she led global programs spanning from preclinical to late-stage clinical development. Prior to Merck, she held senior leadership positions at Sandoz Biopharmaceuticals, Priaxon AG, and Medigene AG, playing a key role in advancing therapeutic programs across various modalities, including New Biological Entities (NBEs), New Chemical Entities (NCEs), nucleotides, and viral and cell-based therapies.

Regarding her new appointment, Dr. Höfer said “I am honored to join the distinguished team at OSR Holdings and eager to leverage my extensive drug development experience to advance novel therapies across multiple modalities and therapeutic areas. I look forward to collaborating with my colleagues to improve the lives of patients.”

Coupled with her extensive industry experience and a PhD in Pharmacology from the University of Newcastle, Dr. Höfer has a strong foundation in clinical pharmacology and translational medicine, ensuring a seamless transition from early-stage research to successful clinical development.

“We are thrilled to welcome Constance to OSR Holdings. Her depth of experience and proven leadership in drug development will be instrumental in driving our scientific strategy forward,” said Kuk Hyoun Hwang, CEO of OSR Holdings. “With her deep understanding of preclinical-to-clinical transition strategies and regulatory pathways, she will play a pivotal role in optimizing our pipeline and accelerating the development of breakthrough therapies for patients worldwide.“

Dr. Höfer’s appointment reinforces OSR Holdings’ commitment to advancing cutting-edge therapeutic solutions and strengthening its R&D capabilities. Her expertise will enhance the company’s ability to identify and develop promising drug candidates, streamline clinical development, and improve regulatory success rates. By leveraging her experience in biologics, small molecules, and other advanced therapeutic modalities, OSR Holdings aims to accelerate the translation of innovative research into clinical applications, expand its footprint in oncology and immunology, and drive long-term value for both patients and stakeholders.

About OSR Holdings, Inc.

OSR Holdings, Inc. (OSR) is a global healthcare company dedicated to advancing healthcare outcomes and improving the quality of life for people and their families. OSR aims to build and develop a robust portfolio of innovative and potentially transformative therapies and healthcare solutions. Its current operating businesses (through three wholly owned subsidiaries) include (i) developing oral immunotherapies for the treatment of cancer, (ii) developing design-augmented biologics for age-related and other degenerative diseases and (iii) neurovascular intervention medical device and systems distribution in Korea. OSR’s vision is to acquire and operate a portfolio of innovative health-care related companies globally.

Contact
Email: [email protected]

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SOURCE OSR Holdings Inc.

CONSHOHOCKEN, Pa.
, March 25, 2025 /PRNewswire/ — Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment management firm, announced an investment in a portfolio of four multifamily assets in lower Manhattan. Funds managed by Hamilton Lane have acquired an 85% interest in the assets of a family office seller. The portfolio comprises 126 multifamily units and 11,050 square feet of prime ground-floor retail space in the highly desired New York City neighborhoods of the West Village and SoHo. 

Dalan Real Estate is a vertically integrated real estate firm specializing in New York City multifamily properties. Dalan will retain its 15% interest in the portfolio and will continue to operate the buildings. Hamilton Lane’s partnership with Dalan leverages the firm’s deep familiarity with the assets and expertise in the real estate space. 

“We are excited to partner with Dalan, who has deep knowledge of and familiarity with these strategically located multifamily assets, on this transaction. We had high conviction around the acquisition of these assets, which have resilient tenant demand in a desirable location,” said Elizabeth Bell, Co-head of Real Estate at Hamilton Lane.

“Following a decline in U.S. real estate values of about 20% over the past two years, we believe this is an opportunistic time to invest in high-quality assets in prime locations at attractive entry values. Given the scale of the Hamilton Lane platform and our reputation as a supportive capital partner, we have generated significant deal flow and have the flexibility to invest in real estate through various channels, including primary funds, co-investments, secondaries and joint ventures. We remain eager to continue partnering with experts like Dalan in sectors and locations where we have strong conviction,” she added. 

“We are very excited to be partnering with Hamilton Lane on this transaction.  We have a high level of conviction and ten years of direct knowledge operating these assets which will position our partnership for immediate success.  There continues to be great demand for people to live in these neighborhoods and we don’t expect that to change any time soon,” said Daniel Wrublin, CEO of Dalan Real Estate. 

Hamilton Lane has been an active investor in real estate for more than 25 years, with the aim of providing clients with access to top-quality investment opportunities across global real estate markets. The firm’s Real Estate platform represents nearly $109 billion in assets under management and supervision as of December 31, 2024.

About Hamilton Lane

Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 740 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $956 billion in assets under management and supervision, composed of nearly $135 billion in discretionary assets and more than $821 billion in non-discretionary assets, as of December 31, 2024. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit http://www.hamiltonlane.com or follow Hamilton Lane on LinkedIn.

About Dalan Real Estate

Dalan Real Estate is a full service real estate firm which owns and operates a portfolio of properties and loans secured by multifamily and commercial assets in New York, New Jersey, Arizona, Texas, and California. Dalan’s current portfolio consists of over 60 properties comprised of over 3,000 residential and 100 commercial units across more than 3mm square feet. Dalan has over $2.5 billion in AUM. 

 

View original content:https://www.prnewswire.com/news-releases/hamilton-lane-partners-with-dalan-real-estate-to-acquire-74-million-nyc-multifamily-portfolio-302410150.html

SOURCE Hamilton Lane

Invests $49.3 Million in Recapitalization of Moffitt Holdings, LLC

HOUSTON
, March 25, 2025 /PRNewswire/ — Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce that it recently completed a new portfolio investment totaling $49.3 million to facilitate the minority recapitalization of Moffitt Holdings, LLC, dba Moffitt Services (“Moffitt” or the “Company”), a leading bulk fuel and lubricant distribution solutions provider for a diverse group of industries. Main Street partnered with Moffitt’s founders and management team to facilitate the minority recapitalization. Main Street’s investment in the Company includes a combination of first-lien, senior secured term debt and a direct equity investment.

Founded in 2014 and headquartered in Cypress, Texas, Moffitt is a leading distributor of fuels and lubricants in both core and emergency applications, with a complementary rental business that owns assets critical for various disaster response services nationwide. Moffitt primarily serves the Texas market but has the capacity to service most of the continental United States.

ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. Main Street’s portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides customized “one-stop” debt and equity financing alternatives within its lower middle market investment strategy.  Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street’s lower middle market portfolio companies generally have annual revenues between $10 million and $150 million. Main Street’s private loan portfolio companies generally have annual revenues between $25 million and $500 million.

Main Street, through its wholly owned portfolio company MSC Adviser I, LLC (“MSC Adviser”), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.

Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, [email protected]
Ryan R. Nelson, CFO, [email protected]
713-350-6000

Dennard Lascar Investor Relations

Ken Dennard | [email protected]  
Zach Vaughan | [email protected]  
713-529-6600

View original content:https://www.prnewswire.com/news-releases/main-street-announces-new-portfolio-investment-302409805.html

SOURCE Main Street Capital Corporation

Rigorous evaluation ensures customers can shop top-rated products with total peace of mind

BOSTON
, March 25, 2025 /PRNewswire/ — Wayfair Inc. (NYSE:W), the destination for all things home, today announced a new standard in home shopping with the launch of Wayfair Verified, a program designed to give customers a shortcut to the best items in the Wayfair catalog across every style and price point. This trusted seal of approval highlights the company’s most trusted products–carefully evaluated and selected by Wayfair product specialists for quality and value–making it easier than ever for shoppers to outfit their home with confidence.

View Video Here

“We know that shopping for home products online can be overwhelming—customers shouldn’t have to guess if a sofa is comfortable or a table is sturdy,” said Jon Blotner, president of commercial and operations at Wayfair. “With Wayfair Verified, we do the testing so they don’t have to—sitting on sofas, assembling furniture, and evaluating every detail—so shoppers can feel confident, knowing we stand behind every selection.”

As a seal of approval, Wayfair Verified streamlines the process for customers to shop for products that maintain a certain level of quality, rigorously evaluated and confirmed by a dedicated team of merchants and product testers. Verified products are loved by customers with high review ratings, offer great value, low return and damage rates and are only sold by trusted supplier partners.

Each Verified product undergoes a five-step evaluation process:

• Packaging & Assembly Assessment: Upon arrival, packaging experts evaluate the product’s packaging, assembly experience, legal compliance, and instruction clarity.
• Comprehensive Quality Audit: Wayfair product specialists inspect each product against category and class-specific criteria to ensure quality and verify the accuracy of on-site details.
• Qualitative Quality Review: Product specialists hand test each item for comfort, material feel, stability and overall satisfaction.
• Value Determination: Product specialists assess the results of all inspections–packaging, assembly and quality–against its price, to determine if products clear the very high all-in value threshold for Verified.
• Verified Treatment: Once an item becomes Verified, product specialists create custom product videos and other content to highlight key features of the Verified items they love, and believe customers will too.

Wayfair will showcase the Verified program at Shoptalk Spring 2025, where Jon Blotner and Liza Lefkowski, vice president of curation, brands, and stores, will discuss its role in elevating customer confidence and satisfaction and driving purchase decisions.

Learn more about Wayfair Verified and shop Verified products here.

About Wayfair

Wayfair is the destination for all things home, and we make it easy to create a home that is just right for you. Whether you’re looking for that perfect piece or redesigning your entire space, Wayfair offers quality finds for every style and budget, and a seamless experience from inspiration to installation.

Wayfair’s family of brands includes:

• Wayfair: Every style. Every home.
• AllModern: Modern made simple.
• Birch Lane: Classic style for joyful living.
• Joss & Main: The ultimate style edit for home.
• Perigold: The destination for luxury home.
• Wayfair Professional: A one-stop Pro shop.

Wayfair generated $11.9 billion in net revenue for the year ended December 31, 2024 and is headquartered in Boston, Massachusetts with global operations.

Wayfair Media Relations:
Karoline Etter
[email protected]

Wayfair Investor Relations:
Ryan Barney
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/wayfair-launches-wayfair-verified–a-new-standard-of-confidence-in-home-shopping-302409588.html

SOURCE Wayfair Inc.