KidKraft Appoints Geoff Walker as New President and Chief Executive Officer

 Former Mattel Executive to Lead Company to Further Global Expansion



DALLAS-Thursday 3 January 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- KidKraft, Inc. (“KidKraft”)      leader with more than 20 years of experience, has been appointed president and chief executive officer and will serve as a member of the company’s board of directors effective immediately.

Walker is a former Mattel executive whose career included global leadership with management positions across the U.S. and Europe and overseeing the growth in multiple global brands like Hot Wheels and Fisher-Price. His experience will support KidKraft’s growth as the company further expands internationally and continues to build on a 50-year legacy in the toy and juvenile product industry.

“KidKraft has a long history of high quality products that capture the hearts and minds of kids,” said Geoff Walker. “I am excited to continue to drive great product innovation across the KidKraft brand.”

"We are thrilled to have such a talented and experienced global leader take the helm of KidKraft,” stated Daniel Penn, Managing Director of MidOcean Partners. “He is a proven team builder with diverse global experience that has ranged from Hot Wheels to Fisher-Price and Mattel’s total business in Europe. His deep expertise in sales, marketing, product development and sourcing will enable KidKraft to grow its core business and beyond.”

Walker was most recently executive vice president and chief strategic technology officer for Mattel. In his most recent role he oversaw an innovation incubator and the division that managed various properties and partnerships with entertainment companies that included Warner Bros. and Walt Disney Co. Previously he was the executive vice president and general manager for the North American commercial division, executive vice president of the Fisher-Price global brands team, and general manager and senior vice president of Europe, Eastern Europe and Russia, among other roles. He is an MBA graduate of Vanderbilt University and has his Bachelor of Science from University of Southern California.

KidKraft has a mission to inspire imaginative play creatively for children everywhere by being an authority on the spaces and places for kids to live, learn, play and explore. The company was acquired by MidOcean Partners (“MidOcean”), a premier middle market private equity firm focused on consumer and business services, in July 2015.

About KidKraft, Inc.

KidKraft is a global leader in award-winning products that are MADE FOR MAKE BELIEVE™. The company is committed to inspiring imaginative play creatively for children everywhere through dollhouses, kitchens, outdoor, vehicles, furniture, and toys. KidKraft’s high-quality products, designed for traditional play, are available at more than 2,800 retailers in more than 90 countries worldwide. KidKraft’s global headquarters are located in Dallas, Texas. For more information, visit www.kidkraft.com and follow @kidkrafttoys on Instagram.

About MidOcean Partners

Established in 2003, MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since inception, the focus of the private equity funds has been on high-quality middle market companies in the U.S. with attractive strategic, operational and financial growth opportunities in the Consumer and Business Services sectors. MidOcean Credit Partners was launched in 2009 and manages approximately $8.0 billion across a series of alternative credit strategies, collateralized loan obligations (“CLOs”), and customized separately managed accounts. For more information, please visit www.midoceanpartners.com.

Contacts

Litzky Public Relations on behalf of KidKraft
Marissa Connelly
+1-201-222-9118
kidkraft@litzkypr.com

Gasthalter & Co. on behalf of MidOcean
Nathaniel Garnick/Amanda Klein
+1-212-257-4170
midocean@gasthalter.com


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Boehringer Ingelheim Initiates a Collaborative Partnership with Science 37 to Accelerate Patient Centricity in the Development of Novel Therapies

• Boehringer Ingelheim collaborates with Science 37 to accelerate the clinical development of new therapies worldwide

• Science 37’s technology enables patients to remotely participate in clinical studies, which enables increased patient diversity, study efficiency and speed, while decreasing patient burden



INGELHEIM, Germany & PLAYA VISTA, Calif.-Thursday 3 January 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Science 37, an industry leader in virtual clinical trials, and Boehringer Ingelheim announced today a technology enterprise collaboration agreement that will support Boehringer Ingelheim in running remote clinical trials. Science 37 is licensing access to its proprietary software platform, NORA® (Network Oriented Research Assistant), which leverages mobile technology and telemedicine capabilities, enabling patients to participate in clinical research studies regardless of their geographical location. The new collaboration brings together Science 37’s technology for running remote clinical trials and Boehringer Ingelheim’s extensive capabilities in drug discovery and clinical development of novel treatments.

“Patient Centricity is a key driver for our pipeline and portfolio. Our mission is to bring novel value added therapies to patients. By leveraging a platform such as NORA®, we will be able to allow patients to participate in clinical trials on their schedule and timetable. This is pivotal in ensuring patients feel they are invaluable partners in helping us to develop and deliver novel therapies worldwide” said Thor Voigt MD/PhD, Chief Medical Officer of Boehringer Ingelheim.

The NORA® platform enables end-to-end virtual or remote clinical trials and adheres to the highest industry quality and regulatory standards. Unlike other mobile health technology companies, Science 37’s remote clinical trial model – called the Metasite™ – helps researchers engage directly with trial participants through every stage of the trial, from screening and recruitment to telemedicine-based patient care to data lock. This direct connection online allows for greater retention of patients, increased diversity across trials, and significantly faster recruitment. The patient’s data are sent securely via NORA® to researchers who can immediately access information that would otherwise have to be collected by medical personnel through face-to-face interactions at study centers. The platform can also be used to remind patients to take their study medications at the proper time and let researchers know if participants are adhering to the study requirements.

“We’ve designed NORA® as a platform that provides researchers flexible options for how and where to collect evidence,” says Chris Ceppi, Science 37’s Chief Product Officer. “Our collaboration with Boehringer Ingelheim allows us to do even more virtual trials on a larger scale - which is great news for both patients and scientists.”

This technology enterprise collaboration agreement between Boehringer Ingelheim and Science 37 positions both companies in the forefront of the global digital health transformation. Science 37’s NORA® technology will allow Boehringer Ingelheim to accelerate enrollment and improve the participant experience with decreased patient burden, better patient retention and reduced total trial time. In addition to providing access to NORA®, Science 37 will advise on study design, protocol development, and regulatory strategy based on its unique experience in running remote clinical trials. Additionally, Boehringer Ingelheim will have the option to enlist Science 37’s teams to provide a variety of Metasite™ trial services, including principal investigators, clinical research coordinators, and patient recruitment strategies.

“When an industry leader in innovation such as Boehringer Ingelheim makes a commitment of this magnitude it signals a bright future for the patient-centered Metasite approach to clinical trials, and we’re glad we can help support it,” says Noah Craft, MD, PhD and Co-Founder and CEO of Science 37. “We appreciate the confidence Boehringer Ingelheim has shown in Science 37 and our position as the leading technology provider for remote clinical trials.”

Boehringer Ingelheim’s technology enterprise collaboration agreement with Science 37 covers use of its NORA® technology across the U.S. with plans to expand internationally in the future.

“While the U.S. is the starting point for exploration of this technological collaborative partnership we are committed to our patients globally. We aim to expand this new approach and democratize the concept of clinical research and drug development worldwide.” said Lilija Kircheis,MD,PhD, Head Global Clinical Operations, Boehringer Ingelheim.

Please click on the link for ‘Notes to Editors’ and ‘References’:
http://www.boehringer-ingelheim.com/press-release/virtual-clinical-trial-collaboration-science-37

Contacts

Media Contact
Boehringer Ingelheim
Dr. Reinhard Malin
Head of Communications, Innovation Unit
Boehringer Ingelheim Corporate Center GmbH
Media + PR
P: +49 6132 77-90815
press@boehringer-ingelheim.com

Science 37
Aryana Hosseinkhani
Corporate Marketing and Communications
P : +1 310-507-9531
pr@science37.com


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Boehringer Ingelheim and Vanderbilt University Announce Partnership to Develop Novel Therapies for Psychiatric Disorders

 • Boehringer Ingelheim Enhances Central Nervous System Disease Pipeline

• Vanderbilt Center for Neuroscience Drug Discovery Advances Preclinical Schizophrenia Targets

NASHVILLE, Tenn. & INGELHEIM, Germany-Thursday 3 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Boehringer Ingelheim and Vanderbilt Center for Neuroscience Drug Discovery (VCNDD) today announced two new global agreements to investigate, develop and commercialize novel small molecules targeting two distinct G-protein coupled receptors (GPCRs) known to engage in the modulation of certain brain circuitries, which are altered in neuropsychiatric conditions such as schizophrenia.

“By joining forces with Vanderbilt University, one of the world’s leading groups integrating basic neuroscience and new translational approaches in neuropsychiatric conditions, Boehringer Ingelheim will strengthen and expand efforts to bring new treatments to patients,” said Bernd Sommer, Ph.D., Global Head CNS Disease Research, Boehringer Ingelheim. “Our colleagues in VCNDD share our strategic vision for drug discovery to regulate maladaptive brain circuitry as the key to alleviate symptoms in neuropsychiatric conditions and bring relief to patients suffering from these debilitating disorders.”

Maladaptive brain circuits are the neurobiological basis of major symptoms in many mental disorders. These symptoms may include memory, concentration and decision-making difficulties as well as social withdrawal, lack of motivation or inability to experience pleasure. Because GPCRs have specific roles in the regulation and modulation of brain circuit functions, these proteins are promising targets for drugs designed to relieve such symptoms. VCNDD has pioneered GPCRs research, yielding a better understanding of their roles in brain modulation.

“We are delighted to partner with Boehringer Ingelheim in developing new treatments for schizophrenia and other major psychiatric disorders,” said P. Jeffrey Conn, VCNDD director. “Boehringer Ingelheim is an industry leader that shares our passion for advancing new therapeutic strategies that could dramatically improve the standard of care for individuals suffering from major mental illness. Through this partnership, we are able to pursue new approaches for correcting deficits in brain circuits that may allow treatment of debilitating symptoms that are not responsive to available medicines.”

Craig W. Lindsley, VCNDD’s director of medicinal chemistry, echoed enthusiasm for the partnership. “The programs partnered with Boehringer Ingelheim represent the culmination of years of basic and translational science within our center and highlight the key role academic drug discovery centers can have on the future of human mental health,” he said.

These new industry-academic collaborations may be the first to focus on the two GPCR targets with a goal to address the unmet medical needs for treatments of cognitive and negative symptoms associated with schizophrenia. The partnership also will enhance the educational goals of VCNDD to train doctoral students and post-doctoral fellows and develop new tools to advance neuroscience knowledge. Further details of the agreement are not disclosed. The present agreements to identify novel therapies for the treatment of neurological conditions are the fifth and sixth agreements between Boehringer Ingelheim and Vanderbilt University, adding to previous agreements focused on the identification of novel therapies for cancer.

About Neuropsychiatric Disorders

Brain or neurological conditions that cause psychiatric symptoms are referred to as neuropsychiatric disorders. The World Health Organization (WHO) reports that neuropsychiatric disorders are the third leading cause of years lived with disability (DALY).1 Moreover, these disorders include mental and behavioral conditions such as depression, anxiety, drug- and alcohol-use disorders, schizophrenia, bipolar disorder and other illnesses2 that together account for 7.4 percent of total global DALYs.3

Please click on the link for ‘Notes to Editors’ and ‘References’:

http://www.boehringer-ingelheim.com/press-release/collaboration-vanderbilt-university

Contacts

Media:
Boehringer Ingelheim
Linda Ruckel
Linda.ruckel@boehringer-ingelheim.com
917-692-0848

Vanderbilt University
Heidi Hall
Heidi.Hall@Vanderbilt.edu
615-689-8419

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PTC Launches Charitable Giving Foundation

PTC Builds on Long History of Philanthropy with Foundation Establishment

NEEDHAM, Mass.-Thursday 3 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- PTC (NASDAQ: PTC) today announced the launch of the PTC Foundation to formalize and expand on its three decades of corporate philanthropy – with a focus on STEM and education, community, and employee giving. Rooted in its mission to help “Create a Better Reality,” the PTC Foundation allows community leaders to embrace technology through grant and in-kind software requests, while also empowering employees to positively impact their communities by providing PTC technology and financial grants to the organizations that matter to them.

“The establishment of this foundation is an extension of PTC’s commitment to social responsibility and embodies the values and passion of our employees,” said Aaron von Staats, general counsel of PTC and board member of the PTC Foundation. “Through the PTC Foundation, we intend to establish a legacy of social impact we can all be proud of.”

The PTC Foundation is the next step in PTC’s continued commitment to the global community and was created to enhance corporate social responsibility governance by consolidating philanthropic donations, enhancing the effectiveness and visibility of these activities, and directing donations toward causes with shared goals to drive positive impact. The PTC Foundation will focus its charitable giving primarily in three areas:

    STEM and Education: Investing in future generations of workers, leaders, and innovators is a natural fit for PTC, which has already partnered with organizations such as FIRST, Girls Who Code, and the Boston Museum of Science. As a long-time FIRST strategic partner, PTC is inspiring the next generation of engineers and innovators through fiscal, product, and service donations to FIRST Robotics Competition teams.
    Community: PTC has a long-standing history of giving back to communities in which employees work through corporate grants and disaster relief funding. The PTC Foundation will continue to identify causes with shared goals. Organizations that PTC has supported in the past include City Year Boston, PanMass Challenge, and the American Red Cross. Through its partnership with City Year Boston, PTC sponsors a team of City Year Corps Members who commit to one year of national service by providing educational support and mentoring to students in the Boston Public School System.
    Employee Giving: Employees are also encouraged to support the organizations they are passionate about, whether by donating their time using the two volunteer days off each year, participating in a variety of philanthropic activities during PTC’s annual Week of Caring, or through personal donations to non-profit organizations in addition to a company-matched donation.

"It is our inherent role as a leading technology company to put innovation to work for good,” said Jim Heppelmann, president and CEO, PTC. “I am proud to see PTC embrace a formalized strategy to empower employees and provide both technology and financial contributions to impact positive change.”

About PTC (NASDAQ: PTC)
PTC helps companies around the world reinvent the way they design, manufacture, operate, and service things in and for a smart, connected world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based product lifecycle management. Today, our leading industrial innovation platform and field-proven solutions enable you to unlock value at the convergence of the physical and digital worlds. With PTC, manufacturers and an ecosystem of partners and developers can capitalize on the promise of the Internet of Things and augmented reality technology today and drive the future of innovation.

PTC.com @PTC Blogs

PTC, the PTC Foundation, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

Contacts

PTC
Corporate Communications
Jack McAvoy
781-370-6143
jmcavoy@ptc.com

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MORI Building DIGITAL ART MUSEUM: teamLab Borderless in Tokyo Has Welcomed 1 Million Visitors in 5 Months. 1 in 3 Visitors Come from Overseas

TOKYO-Sunday 23 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- MORI Building DIGITAL ART MUSEUM: teamLab Borderless in Tokyo, a collaborative museum by Mori Building and art collective teamLab, as of November 28, 2018, has welcomed over one million visitors.

Since its opening five months ago on June 21, 2018, the teamLab Borderless museum has welcomed one million visitors. As Tokyo’s new destination, the museum has celebrated this milestone with a “One Millionth Visitor Ceremony,” during which the millionth visitor, Ms. Nikky Parker and her family from Australia, was awarded with a “Borderless Passport:” a pass which allows for unlimited free entry into teamLab Borderless with no expiration date (not for sale).

Visitor Comments:
“I learned about the museum through SNS, and I wanted to experience this beautiful world I had never seen before, so I travelled here with my fiance and my parents. I heard that the artwork changes with the seasons, so I want to use the Borderless Passport to visit many times!”

[Reputation Overseas]

According to an exit poll (*1), museum visitors range from young people, to seniors, to families, and one in three visitors is from overseas. Furthermore, half of those visitors from overseas responded that they “came to Tokyo for the purpose of seeing this museum.”
teamLab Borderless museum has received “THE AWARDS FOR OUTSTANDING ACHIEVEMENT” from the “Themed Entertainment Association” (*2) on November 13, 2018. Within Japan, this recognition puts the museum on par with Tokyo Disneysea and Universal Studios Japan™, which have received the same award.
(*1) Data collected from October 25, 2018 to November 2, 2018 / 1,237 respondents
(*2) Themed Entertainment Association: a non-profit organization based in Los Angeles, CA, USA. Publishes rankings and such for art museums, natural history museums, and entertainment facilities,

[teamLab Borderless Concept]
Wander, explore, discover in one borderless world.

teamLab Borderless is a group of artworks that form one borderless world. Artworks move out of rooms, communicate with other works, influence, and sometimes intermingle with each other with no boundaries.

Immerse your body in borderless art in this vast, complex, three-dimensional 10,000 square meter world. Wander, explore with intention, discover, and create a new world with others.

[Press Kit]
https://goo.gl/MpzVss

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181221005198/en/

Contacts
[Media Inquiries]
teamLab
Kaori Oshima
lab-pr@team-lab.com

Filming requests: https://goo.gl/forms/ZghO2ukUoFmmyVNl1
teamLab Media Relations: https://www.teamlab.art/contact/

https://www.aetoswire.com/news/mori-building-digital-art-museum-teamlab-borderless-in-tokyo-has-welcomed-1-million-visitors-in-5-months-1-in-3-visitors-come-from-overseas/en

2019 Ras Al Khaimah New Year’s Eve Fireworks captivates the world with a breathtaking spectacle

Secures 2 GUINNESS WORLD RECORDS™ for the ‘Longest chain of fireworks’ and the ‘Longest straight line of fireworks


Ras Al Khaimah, United Arab Emirates-Tuesday 1 January 2019 [ AETOS Wire ]

Hundreds of thousands of visitors take part in the event, which added to the pride of the nation and promotes Ras Al Khaimah as a tourism destination
Guinness World Record for ‘Longest chain of fireworks’ achieved just before countdown to the New Year was a tribute to the Year of Zayed with the total length of fireworks chain at 4.6 km and using 11,284 devices
Record for ‘Longest straight line of fireworks’ was achieved with colourful canopy of fireworks spanning an area of 13 km along Al Marjan Island
Aerial shells, 600 mm in diameter, used for the fireworks were the largest deployed in the UAE this year

Ras Al Khaimah captivated the world with its 2019 New Year’s Eve Fireworks that welcomed hundreds of thousands of visitors to the emirate. Organised by Marjan, with the support of Ras Al Khaimah’s government entities, and put together by Fireworks by Grucci, the Ras Al Khaimah New Year’s Fireworks, spanning a duration of over 13.20 minutes, also clinched two Guinness World Records for the ‘Longest chain of fireworks’ and the ‘Longest straight line of fireworks’.

This year, the celebration was made even more memorable for the visitors with Al Marjan Island, the venue of the event and the flagship lifestyle destination by Marjan, hosting several family-oriented activities. Positioning the event on the global map of New Year’s Eve celebrations, the Ras Al Khaimah event was telecast internationally, and its images and videos shared on social media by millions more.

Eng. Abdulla Al Abdouli, Managing Director & CEO of Marjan, said: “The spectacular event highlighted the reputation of Ras Al Khaimah as the must-visit destination for celebrating the New Year’s Eve. With visitors arriving from across the world, the event served to highlight the touristic appeal of Ras Al Khaimah and to position it as a fast-growing leisure and commercial hub in the region. We thank the leadership of Ras Al Khaimah for their guidance and support in accomplishing this event, and all the government entities in the Emirate for the exceptional team work. With two Guinness World Records set, the 2019 Ras Al Khaimah New Year’s Eve Gala has been truly historic and adds to the pride of our nation.”

The celebration flagged off with a fascinating pyrotechnic tribute to the late Sheikh Zayed bin Sultan Al Nahyan, the founding father of the nation. In a befitting conclusion to the ‘Year of Zayed’ marked in 2018 to coincide with his birth centenary, the night-sky of Ras Al Khaimah came to life with a brilliant image of Sheikh Zayed followed by a magnificent fireworks display.

“With our tribute to the late Sheikh Zayed, we highlighted that his legacy and name is important for us – daily, every hour and every second of the day. For us, Zayed is the beginning of everything we do; Zayed is the start of every new challenge; Zayed is our sense of pride. And we are starting the year, once again, remembering and paying respect to our great leader,” said Eng. Al Abdouli.

The ‘Longest chain of fireworks’

Clinching the Guinness World Records for the ‘Longest chain of fireworks’, the first pyrotechnic display, the tribute to the late Sheikh Zayed, featured 11,284 firework devices. The earlier record was for deploying 10,005 firework devices set by Viejas Casino & Resort (USA) in Alpine, California, USA, on September 12, 2014. Fireworks were deployed from 52 sites along Al Marjan Island and the waterways of Ras Al Khaimah’s coastline, with the total length of the chain exceeding 4.6 kilometres. The show was designed to 12 international music compositions, and the record was set in just 40 seconds.

The ‘Longest straight line of fireworks’

This was followed drone countdown to the New Year. A canopy of golden showers followed, and Ras Al Khaimah won the Guinness World Records for the ‘Longest straight line of fireworks’. The stunning display spanned an area of 13 kilometres, trumping the earlier record set over a distance of 11.38 kilometres.

The display had the largest calibre of aerial shell at a diameter of 600 mm, the largest used in the UAE for any fireworks display during this New Year’s Eve. The record was set in 12.06 minutes, with fireworks positioned at 13 sites across Al Marjan Island and the waterways along the RAK shoreline. There were seven themed chapters for the show, which was set to international music compositions. The inspiration for the fireworks display was the natural beauty of Ras Al Khaimah, and it was choreographed to highlight the beautiful beaches and resorts along the Emirate’s shoreline.

SkyMagic Drone Show

A 200-piece SkyMagic drone show was precisely integrated into the fireworks design. Scenes such as the tribute to Sheikh Zayed were displayed within a 100m space in the sky accented by colourful bursts of fireworks. A sweeping display of a falcon spreading its wings emphasised the heritage of the Emirate.

Designed by Phil Grucci, CEO & Creative Director of Fireworks by Grucci, the event was verified by an official adjudicator from Guinness World Records for the ‘Longest chain of fireworks’ and the ‘Longest straight line of fireworks.’ Following the fireworks gala, Eng. Al Abdooli and Phil Grucci, received the Guinness World Records titles from the adjudicator.

Marjan worked closely with Ras Al Khaimah’s government entities including Ras Al Khaimah Public Works to create several public viewing areas across Al Marjan Island. More than 27,000 additional public car parking spaces were provided to welcome the guests.

Preparations for the 2019 Ras Al Khaimah New Year’s Eve Fireworks started in early 2018 immediately after the successful Guinness World Record achievement for the ‘Largest Aerial Shell’ displayed from Al Marjan Island at last year’s New Year’s Eve celebration.

Over 300 hours were spent to design the show. The design resulted in the programming of over 41,000 lines of computer instructions to control 20 computers to display the sweeping performance. The firework components for the aerial shells, ranging in size from 14 to 600 mm, were hand-crafted exclusively by Grucci in their factories in New York and Virginia over a two-month period.

This time, Marjan had added new viewing areas for more people to enjoy the show. Several family activities were hosted at the venue including food trucks, ice cream salons, lemonade corners, colourful band performances, and face painting and inflatable games for children. Stilt walkers, mime artists, and clowns welcomed the guests.

For more information, please visit: www.RAKNYE.com

Contacts

ASDA’A BCW

Iman Ahmed | Anthony Fernandes | Ahmed Abdulrazek

Tel: +97144507600

iman.ahmed@bcw-global.com

anthony.fernandes@bcw-global.com

ahmed.abdulrazek@bcw-global.com

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Arzan Wealth Advises on Third Lending Deal under the Real Estate Debt Platform

Dubai, United Arab Emirates, -Thursday 27 December 2018 [ AETOS Wire ]

Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on a senior secured loan opportunity in the United States, as part of the recent strategy focusing on investments into debt structures. This third investment under the Real Estate Debt Platform has fixed monthly interest payments to investors during the holding period, and has been structured in a Sharia-compliant manner. There are also two amortization payments prior to the end of the loan period.

This investment is a 3-year senior secured loan to Bluejack National Project (“Bluejack”), owner of a premier luxury-lifestyle community in Houston, USA. Bluejack includes the first and only Tiger Woods designed golf course in the United States. Located an hour northwest of downtown Houston, Bluejack offers up to 550 golf memberships and over 450 luxury home sites and private estate lots.

The senior secured loan transaction is structured with a net 10.5% coupon, payable monthly and would have absolute seniority in the capital stack at a very conservative LTV of around 38.0%. The investment is expected to produce a net IRR of ~10.5% net of all taxes, fees and expenses.

Arzan Wealth acted as the Strategic Advisor on the structuring of the loan instrument and the due diligence of the underlying assets, and will continue its advisory role during the holding period of this investment.

Muhannad Abulhasan, CEO of Arzan Wealth said:

“The Bluejack loan is the first senior loan transaction in our Real Estate Debt Platform which focuses on senior and mezzanine opportunities and is designed to respond to changing market conditions, and to meet investors needs for a low risk profile and predictable cash flow stream. We believe that real estate debt should play a role in any portfolio of investments focused on an attractive income stream and enhanced risk-adjusted returns. We continue to innovate and offer opportunities that preserve and protect our client’s wealth, while providing them with a very predictable and regular income stream.”

Notes to Editors

About Arzan Wealth (DIFC) Limited

Arzan Wealth is an investment advisory firm registered at the Dubai International Financial Centre (DIFC), and is regulated by the Dubai Financial Services Authority (DFSA) to deal with Professional and market counterparties only.  Arzan Wealth currently advises various professional clients on real estate, private equity and other investments with a total value of assets advised around US$ 1.4 Billion.  Arzan Wealth focuses on arranging yielding investments in major global markets, as well as bespoke investments that meet the requirements of specific clients.

Past or projected performance is not necessarily a reliable indicator of future results.

Contacts
Ahmad AlSabbrei

Senior Investment Analyst

a.alsabbrei@arzanwealth.com 

+96599888624

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