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Peter Harris Partnerships For Growth

Regional insurer CBL has sold 8.5% of its issued capital, 20 million shares, in an effort to increase its share market liquidity. The shares were discounted 11% from Tuesday’s AU$3.35 and offloaded at just AU$3.00 per share.

The managing director of CBL, Peter Harris, sold five million shares. Alistair Hutchinson, CBL’s deputy chairman, sold 5.4 million shares. The 9.6 million additional shares sold by senior management brought the total amount that was generated to $65 million.

A number of investors from Australia and New Zealand made the purchases after the shares had bee released from escrow. This was shortly after the company’s 2016 fiscal year results were announced in February of 2017.

Peter Harris, who served as the Managing Director and CEO of CBL lead an international team. The team provided reinsurance and specialty insurance based on financial risk and credit within the contracting, building, and construction industries. He has expressed that the key to growth within international markets is building quality partnerships. By building strong partnerships with world-renowned distributors who were experts in their fields, Harris elevated CBL to an international level.

As the developer of a successful growth strategy that made CBL an international corporation, Peter Harris took CBL from just two Auckland employees to more than 550 in 25 countries.

He lead the company through its listing on both the NSX and AASX. In terms of annual GWP, Harris oversaw the growth of CBL to morph into the largest insurance company owned by New Zealand. Under his tenure, the company achieved an A investment grade rating and a positive outlook for financial strength from AM.

Peter Harris began as a manufacturing executive and investment banker prior to CBL. He moved into finance in 1989. The United Kingdom Financial Conduct Authority and the Central Bank of Ireland recognize Peter Harris as an “Authorised Person”.

 

Read more here https://rbnzcbl.com/news/

Blake Mallen: Create The Future You Were Meant To Have

Going against the norm can be an intimidating process and Blake Mallen experienced this himself when he decided to “shift the script” and co-founded ViSalus in early 2005. In addition, he and his business partners also co-founded Liv Global in 2017 and he has been inspiring people to change their lives through the lifestyle brand. There are a lot of expectations that society has to live a happy life and he realized that they weren’t always correct as he was pursuing a career in law. Blake Mallen had earned his Bachelor’s degree in 2002 from the University of California and was working in the office of a district attorney as an intern and he began to realize that he didn’t know why he was doing it aside from the fact that he was “supposed” to.

 

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Who’s hungry..?! Drop a 🍎 below if right now you’re ready and willing to climb! 😉

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After deciding that he really didn’t like the answer to the question of why his life was on the path that it was, Blake Mallen began to take his career in a completely different direction that was in line with what he believed he was meant to be instead. While many people were shocked at his decision to become an entrepreneur instead of an attorney, Blake Mallen has had great success with it and has created billion-dollar companies. In addition to changing his own life, he has changed the lives of people involved with the direct sales companies that he has founded as they have been able to pursue their interest in shifting their own scripts with the help of ViSalus.

Success is always going to mean something different to every person who defines it and Blake Mallen knows how important it is to take the time and define it for yourself. While many people are still stuck on the script that they believe they should be following, he knows from personal experience that there are other options that can be taken that can lead to some big opportunities and possibly more satisfaction in your life. The entrepreneur wants more people to start taking control of their own lives and happiness by shifting the script and living the way that they were meant to live.

ViSalus Promotes Co-Founder Blake Mallen to President

Serge Belamant’s Impact on Everyday Technology

Serge Belamant is an entrepreneur figure like no other. He was born in France, and moved to South Africa in his early teens. His professional career took off in no time, and by 1991 he had forever changed many of the banking systems an average individual takes for granted. He founded Net1 UEPS Technologies, which once it partnered with Visa, lead to the creation of the chip cards that nearly every consumer uses to this day. However, it was a new digital payment system for transferring Welfare grants across countries that really put the spotlight on him. In a recent Ideamensch interview, he expands on how career path developed to this point.

The most recent venture was brought to him by his son. Zilch Technologies is a company that specializes in mobile game technology. The combination of his son’s IT engineering skills and his personal information network and knowledge, was the perfect recipe for a successful 21st century company. The conception of ideas involves starting with how it works fundamentally, then attempting to understand why the average consumer would want to advantage of that idea if it was available. If it passes this test, then prototypes are developed within no time. Serge Belamant cites his need to understand everything even to the smallest detail, as a quality to his success.

As an industry veteran, Serge Belamant has nailed down his daily routine to near perfection. It all begins with a list of tasks to be done, and what will be required to complete each item. Beyond that, he takes time to catch up on the news. Staying in the know is a vital piece to keeping a company ahead of the curve. The afternoon period is spent on passive activities. He particularly enjoys chess and math problems. At the end of the day, keeping a fresh head capable of critical is the most important aspect to keep in mind.

Serge Belamant is one of the greatest innovators in the modern era. While many consumers will not realize the impact he left on their lives, his technological creations will never die.

 

Madison Street Capital Ensures Funds for ARES Security Corporation

Madison Street Capital, a reputed international banking firm, ensured funds for ARES Security Corporation through a minority recapitalization by working as the software security firm’s exclusive financial advisor. ARES Security Corporation is a Virginia-based enterprise security and risk management firm with specific software products that ensure end-to-end security solutions. The transaction led by Reginald McGaugh, Senior Managing Director of Madison Street Capital, secured a smooth deal between ARES and Corbel Structured Equity Partners, the receiver of the minority stake. “It was really exciting to work with ARES and its President Ben Eazzetta in assisting on the investment. It is a firm with high-end technology solutions that ensures the security to most the critical assets of various businesses around the world,” said McGaugh. “The firm has a highly talented management team and visionary board, and they challenged us to find the right financial partner.”

 

 

“We are very much thankful and appreciate the team from Madison Street Capital considering the great work they did,” said Ben Eazzetta. “We are delighted with the entire process of the recapitalization including valuation analysis, initial due diligence, and the capital gaining process. The team worked really hard and correctly found the partner, and all of us are eagerly looking for the future with the new capital structure.” ARES has formulated plans to significantly increase the equity value of the firm by closely working with Corbel on structuring the investment. The flexible capital and operationally supportive-partnership offered by Corbel is expected to help ARES to make a significant rise in its sales. The software security solutions firm is also eyeing to make use of Corbel’s deep industry contacts to expand the business further.

 

 

Madison Street Capital reputation as top-notch financial advisory, financial opinions, corporate advisory, business valuation, asset management industry focus, valuation of financial reporting, and wealth preservation and tax planning services firm has attracted reputed clients to depend on its services. The firm provides highly focused and qualified services to mid-market companies and driving them for innovation and quality service offering which can simultaneously reflect in their sales and services.

 

 

Madison Street Capital has offices in North America, Africa, and Asia, and it provides industry-best services across the globe. The firm is known for some high-value transactions, and it worked with a number of reputed companies such as Citi, FabTrol, Naveos, InteriorMark, and more. It provides both buy-side advisory and sell-side advisory along with capital raise. Madison Street Capital also won accolades from the industry for its active interference in financial acumen. The firm won the Restructuring Deal of the Year M&A Advisor Award – 2017 for arranging to refinance for CEMD Elevator Corp.

 

For updates,follow Madison Street Capital on Facebook.