Reuters

(Reuters) - KKR & Co will take education software platform Instructure Holdings private for $4.8 billion, the private equity firm said on Thursday. The buyout heralds a potential resurgence in private equity activity, following a period of dormancy due to elevated interest rates that had hindered debt financing for leveraged buyouts.

KKR to take edu-tech firm Instructure private for $4.8 billion

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

By tracking these layoffs, we’re able to understand the impact on innovation across companies large and small. We’re also able to see the potential impact of businesses embracing AI and automation for jobs that had previously been considered safe. It also serves as a reminder of the human impact of layoffs and what could be at stake in regards to increased innovation.

A comprehensive list of 2024 tech layoffs

The Associated Press

RALEIGH, N.C.--(BUSINESS WIRE)--Jul 25, 2024-- Lenovo, the global technology powerhouse, today announced the appointment of Dr. Tolga Kurtoglu as the group’s new Chief Technology Officer, succeeding Dr. Yong Rui in further accelerating the Group’s technology vision and AI leadership. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240725000049/en/ Dr. Tolga Kurtoglu, Chief Technology Officer, Lenovo Group. (Photo: Business Wire)

Lenovo Names Dr. Tolga Kurtoglu as New Chief Technology Officer

Dominic Iannitti pioneered the automation of mortgage document preparation, eVault and eSign technologies. Dominic Iannitti, founder, president, and CEO of DocMagic, Inc., a company whose technology was one of the first enabling mortgage brokers to issue documents, died unexpectedly last Thursday morning, July 18, due to complications from pneumonia. The company announced Iannitti’s passing in a press release Monday morning.

DocMagic Founder, CEO Dies Unexpectedly

North Carolina State

Town Talks

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

Greystone, a leading commercial real estate finance company, is working on its first national multi-investor low-income housing tax credit (LIHTC) fund. Aiming to raise approximately $100 million, the initial fund is expected to close at the end of this year or early next year, says Greg Voyentzie, CEO of Greystone Real Estate Capital.

Greystone Expands Affordable Housing Initiatives With Initial LIHTC Fund

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

LONDON (Reuters) - Financial technology firm Revolut has received a UK banking licence with some restrictions, it said on Thursday, ending a three-year wait for the authorisation and removing regulatory uncertainty that had held back its ambitions in Britain. London-based Revolut is one of a handful of financial services apps...

Revolut Gets UK Banking Licence After Three-Year Wait

Peoria, IL

The Illinois Police Officer’s Pension Investment Fund (IPOPIF) in Peoria approved a search for a private credit manager to handle a slice of its allocation to the asset class. The move was approved at trustees’ July 19 board meeting and is part of a long-term target allocation of 5% to private credit. The $10 billion […]

Illinois pension kicks off private credit buildout

California State

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

Arch, a company geared toward digitizing the LP/GP experience, announced that it now has more than $100 billion in private market assets on its platform. Launched in 2017, the company has recently more than doubled its headcount in adding new hires in sales and partnerships as well as rolling out product enhancements. The moves follow […]

Arch surpasses $100bn in platform assets

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Malvern, PA

Bucks County Beacon

Earth Quaker Action Team will rally, march, and pray at Vanguard’s Headquarters in Malvern Wednesday to protest the firm’s continued investments in fossil fuel projects destroying the environment and exacerbating climate change.

Earth Quaker Action Team to Protest at Vanguard’s Headquarters on Wednesday

Private credit and private equity strategies are gaining momentum when it comes to seeding, but hedge funds continue to attract allocators’ interest, according to the most recent edition of a study Seward & Kissel has been conducting annually for over a decade. The report, Seed Transaction Deal Points, found institutional seeders continued to represent an […]

Long/short, multi-strategy launches attract seed capital

The musician and mogul's firm Marcy Venture Partners may be undergoing a merger with Pendulum Holdings, a firm co-founded by Barack Obama's former financial advisor. Jay-z is reportedly making major waves in the venture capital space. The music legend and mogul’s venture capital firm, Marcy Venture Partner may be laying...

Jay-Z's Venture Capital Firm Is Reportedly Laying Plans To Deploy A Merger That Could Be Valued At $1B

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Solutum Technologies Ltd., innovator of sustainable materials with a holistic end-of-life, officially announced the addition of Daniel Friedmann as Corporate Director and Board Member. Solutum offers packaging manufacturers a solution with a holistic end of life, minimizing the environmental impact of plastic packaging. Friedmann previously served as Chairman and then...

Solutum Taps Business Veteran Daniel Friedmann

NewsBreak

KKR to take Instructure private in $4.8bn edutech deal

KKR has announced a definitive agreement to acquire Instructure Holdings in an all-cash transaction valued...

KKR to take Instructure private in $4.8bn edutech deal

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