Business Partnership Highlights Commitment to Helping Advisors Scale and GrowOAKS, Pa., Dec. 3, 2025 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the completion of the first stage of its strategic investment in Stratos Wealth Holdings, a family of companies focused on supporting the success of financial advisors across business models and affiliation structures. SEI-Eclipse Holding Company, LLC, a newly formed entity, purchased the U.S.-based Stratos business for approximately $441 million, representi ...

SINGAPORE, Dec. 02, 2025 (GLOBE NEWSWIRE) -- GCL Global Holdings Ltd (Nasdaq: GCL) (“GCL” or the “Company”), a leading provider of games and entertainment, today announced that its publishing subsidiary, 4Divinity Pte. Ltd. (“4Divinity”), has received a $3.0 million strategic investment from ADATA Technology Co. Ltd. (“ADATA”), a global leader in memory and storage solutions listed on the Taipei Exchange (TPEX), for approximately 1.2% equity interests of 4Divinity. Founded in 2001, ADATA is the world’s seco ...

Core Insights - Petrobras is revising its five-year investment plan, reducing capital expenditure for 2025-2029 from $111 billion to $109 billion due to declining oil prices and a challenging economic environment [1][8] - Under President Lula's leadership, Petrobras is shifting focus to increase investments to stimulate Brazil's economy while managing financial commitments amid market volatility [2][12] - The company aims to enhance production capacity and refine operations through strategic investments, particularly in existing platforms and refineries [4][6] Investment Strategy - Petrobras plans to expand production capacity by developing new platforms and enhancing existing ones, with a notable example being the Almirante Tamandare floating production unit, which exceeded its output expectations [5][6] - The company is set to revamp nearly all refineries to improve efficiency and product quality, positioning itself to meet both domestic and international energy demands [6][12] Financial Management - For 2026, Petrobras has projected approximately $19.6 billion in capital expenditure, primarily for sustaining oil exploration and production activities, with most investments already contracted [8][9] - The company is focused on cost-cutting measures and operational efficiency, negotiating with suppliers for better terms while maintaining its dividend policy to ensure investor confidence [10][11] Future Outlook - Petrobras faces limited flexibility in capital spending for 2026 and beyond, as most investments have already been contracted, necessitating a focus on maximizing returns from existing projects [7][9] - The revised plan reflects a broader strategy to strengthen Brazil's energy sector and maintain Petrobras' position in the global market, emphasizing resource management and infrastructure investment [13][12]

Core Insights - NXT Energy Solutions Inc. has secured a strategic investment of US$2,000,000 from its largest shareholder, Mork Capital, through a private placement of common shares [1] - The investment aims to enhance the application of the company's proprietary Stress Field Detection (SFD®) technology in specific regions of Western Canada [1] Financial Impact - The investment is expected to improve the company's balance sheet flexibility, allowing for accelerated efforts to enhance shareholder value [1] Strategic Focus - The company plans to leverage its extensive SFD® data library to advance its technology applications [1]

Core Insights - Ubisoft has completed a strategic investment from Tencent, securing €1.16 billion for its subsidiary Vantage Studios, which is valued at a pre-money enterprise value of €3.8 billion, marking a significant milestone in Ubisoft's transformation [1][5]. Group Structure and Leadership - Vantage Studios, operational since October 1, 2025, is focused on autonomy, player centricity, and aims to accelerate the growth of Ubisoft's largest franchises, including Assassin's Creed, Far Cry, and Rainbow Six [2][5]. - The studio is led by co-CEOs Charlie Guillemot and Christophe Derennes, supported by a dedicated leadership team and an advisory committee [2]. Financial Implications - The investment will help deleverage Ubisoft's consolidated non-IFRS net debt and provide financial flexibility for strategic transformations and selected investments across the group [3][5]. - Tencent now holds a 26.32% economic interest in Vantage Studios, which remains under Ubisoft's control [4]. Shareholders' Agreement - The Shareholders' Agreement includes minority protection rights for Tencent, a five-year lock-up on Vantage Studios' securities, and stipulations ensuring Ubisoft maintains majority voting rights for at least two years [6]. - In the event of a change of control of Ubisoft, there are provisions for call and put options regarding Tencent's interest in Vantage Studios, with specific pricing mechanisms based on fair market value [7].

Core Insights - Ubisoft has completed Tencent's strategic investment in Vantage Studios, securing a €1.16 billion cash investment, which values Vantage Studios at a pre-money enterprise value of €3.8 billion, marking a significant milestone in Ubisoft's transformation [1][5][4] Group 1: Investment Details - The investment from Tencent will help deleverage Ubisoft's balance sheet and support selected investments across the Group, providing enhanced financial flexibility for strategic transformation [3][5] - Tencent now holds a 26.32% economic interest in Vantage Studios, which remains under Ubisoft's exclusive control [4][5] Group 2: Vantage Studios Operations - Vantage Studios became fully operational on October 1, 2025, focusing on accelerating the growth of Ubisoft's three largest franchises: Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six [2][5] - The studio operates under principles of autonomy, focus, and player centricity, with a dedicated leadership team [2][5] Group 3: Shareholders' Agreement - The Shareholders' Agreement includes minority protection rights for Tencent, a five-year lock-up on Vantage Studios' securities held by Tencent, and stipulations ensuring Ubisoft maintains majority control for at least two years [6][7] - In the event of a change of control of Ubisoft, there are call and put options related to Tencent's interest in Vantage Studios, with specific pricing mechanisms based on fair market value [7]

Core Points - Lanvin Group Holdings Limited will hold its annual general meeting (AGM) virtually on December 18, 2025, at 9:00 AM EST, allowing shareholders to engage with the Board of Directors and executive management [1][2] - The Board of Directors supports the Proposed Resolution and recommends shareholders vote in favor of it [2] - The Company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC, which includes audited financial statements [3] Company Overview - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, China, and Milan, Italy, managing iconic brands such as Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso [4] - The Company aims to expand its global footprint and achieve sustainable growth through strategic investments and operational expertise, focusing on the fastest-growing luxury fashion markets [4] - Lanvin Group is listed on the New York Stock Exchange under the ticker symbol "LANV" [4]

Core Insights - The Marquie Group, Inc. announced strategic investments in its subsidiary Apache Creek Golf Club to enhance market position and long-term value [1] Group 1: Investments and Enhancements - Apache Creek Golf Club has completed its annual overseeding process to ensure optimal playing conditions year-round, reflecting a commitment to operational excellence and customer satisfaction [2] - The club has unveiled a newly redesigned Pro Shop with an expanded selection of premium golf brands and modernized retail environment, enhancing the guest shopping experience [3] - Renovated community and clubhouse spaces have been reimagined to better serve golfers and local residents, providing an elevated venue for events and gatherings [3] Group 2: Management Commitment - Jeff Foster, Chairman and CEO of TMGI, emphasized the ongoing commitment of owner/manager Steve Dallas and his team to invest in assets and deliver a first-class experience for customers [4] - The focus on quality, service, and continuous improvement is aimed at maintaining Apache Creek as one of Arizona's top golf destinations [4] Group 3: Company Overview - The Marquie Group, Inc. is a publicly traded company that has evolved into an international management and investment company through its acquisition of GETGOLF, LLC, focusing on innovative businesses in golf, hospitality, and technology [5] - GETGOLF, LLC is a developing international golf platform that integrates various services to connect golfers and courses worldwide, with a launch scheduled for the third quarter of 2026 [6]

Core Insights - Onex Corporation announced a transformational investment and strategic relationship with AIG to enhance growth and enterprise value creation [1][5] - The acquisition of Convex, a leading specialty property and casualty (re)insurer, is valued at $7 billion, with Onex acquiring a 63% stake and AIG holding 35% [2][5] - AIG will also invest approximately $0.6 billion for a 9.9% interest in Onex' subordinate voting shares and commit $2 billion to Onex-managed strategies over three years [4][5] Transaction Overview - Onex and AIG will jointly acquire Convex, with Onex owning approximately 63% and AIG 35% post-acquisition [2][5] - The acquisition values Convex at a $7 billion equity valuation, which is 1.9 times its Q3 2025 tangible book value [2] Company Background - Convex was founded in 2019 and has rapidly grown into a significant player in the specialty property and casualty insurance market, with expected gross premium written of up to $6 billion in 2025 [3][6] - The management team of Convex will retain a significant economic interest, ensuring alignment with Onex and AIG [3] Financial Considerations - Onex will finance the acquisition through a combination of cash, debt financing, and proceeds from AIG's subscription, totaling approximately $3.8 billion for the 63% stake in Convex [9] - The transaction is expected to close in the first half of 2026, subject to regulatory approvals [10] Strategic Implications - The partnership with AIG is expected to enhance Onex' fee-related earnings and provide preferred access to AIG's investment funds [5][8] - Following the acquisition, Convex is projected to account for 42% of Onex' investing capital, contributing significantly to future shareholder value creation [10]

Financial Data and Key Metrics Changes - Revenue increased by 7% year-over-year, exceeding $1.1 billion [3][4] - Adjusted EPS was $0.85, $0.10 above the high end of the projected range [3] - Adjusted EBITDA totaled $225 million, with $215 million excluding approximately $10 million related to the sale of oil and gas rights, representing a 19% year-over-year improvement [3][14] - Adjusted EBITDA margin exceeded 20%, the highest since the pandemic and almost double the margin from 2019 [3][4] - Cash generated from operations year-to-date reached $299 million, a $273 million improvement from last year [4][14] Business Line Data and Key Metrics Changes - High Performance Materials & Components (HPMC) segment margins were above 24% [4][15] - Advanced Alloys & Solutions (AANS) segment margins improved to 17.3% [15] - Aerospace and Defense (A&D) revenue rose 21% year-over-year, accounting for 70% of total revenue [5][6] - Jet engine revenue, which is 39% of total revenue, grew 19% year-over-year [6][8] - Airframe sales grew 9% year-over-year, supported by increased production rates from Boeing and Airbus [7][8] Market Data and Key Metrics Changes - Defense revenue increased 51% year-over-year, reflecting broad-based strength across various defense programs [9][10] - The order book extends into mid-2027, indicating strong demand and supply constraints [7][10] - The company expects Q4 jet engine revenue growth in the high single to low double digits [7] Company Strategy and Development Direction - The company is focused on high-value materials and markets, with 70% of revenue now coming from aerospace and defense [12][20] - Investments in nickel and titanium capacities are aimed at expanding differentiated products without negatively impacting pricing [13][20] - The strategy emphasizes operational excellence, productivity improvements, and long-term customer partnerships [10][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong demand in core markets, particularly in aerospace and defense [5][20] - The company anticipates robust cash generation and margin expansion through disciplined execution and operational improvements [10][18] - Future growth is expected to be supported by long-term agreements and differentiated materials [12][20] Other Important Information - The company plans to raise full-year guidance for adjusted EBITDA and free cash flow based on strong Q3 performance [4][16] - The CFO, Don Newman, is set to retire after the fourth quarter, with a search for his successor underway [19] Q&A Session Summary Question: What changed since Q2 to drive the revised outlook and guidance increase? - Management noted stronger than expected A&D performance, particularly in defense, and operational productivity improvements [26][27] Question: What is being done to manage melt capacity for nickel alloys? - The company is focusing on productivity, reliability, and selective expansion of melt capacity to meet growing demand [29][30] Question: What does being the number one source of flat rolled titanium products to Airbus mean for the P&L? - This status translates to increased revenue and higher margins from premium titanium products, with a significant revenue increase expected next year [34][35] Question: What is the expected growth in airframe sales for 2026? - Management anticipates high single-digit growth in airframe revenues driven by steady production ramps and increased ATI content [59] Question: How is working capital improvement contributing to free cash flow? - Improvement in accounts receivable management and inventory efficiencies contributed to working capital improvements [52][53]