Unity continues to restructure, this time preparing for changes in its leadership. The founders of ironSource, an app monetization platform it acquired in 2022, will soon leave the company. Unity shared the news in an internal email obtained by Mobilegamer.biz, saying that all six ironSource founders Tomer Bar-Zeev, Omer Kaplan, Eyal Milrad, Arnon Harish, Tamir…
Netled Oy is applying for corporate restructuring, according to the insolvency register. CEO Niko Kivioja confirms the restructuring procedure to Kauppalehti. “The company runs on investors’ money. To obtain funding and improve the company’s financial situation, there was no choice but to apply for this arrangement and seek breathing space and build new growth,” Kivioja…
Netled Oy is applying for corporate restructuring, according to the insolvency register. CEO Niko Kivioja confirms the restructuring procedure to Kauppalehti. “The company runs on investors’ money. To obtain funding and improve the company’s financial situation, there was no choice but to apply for this arrangement and seek breathing space and build new growth,” Kivioja…
(Bloomberg) — The distressed builder thats revived concerns about project finance crises in South Korea has gotten major creditors on board with its restructuring plan. Most Read from Bloomberg Those creditors of Taeyoung Engineering & Construction, whose projects include a baseball stadium and amusement parks, agreed Wednesday that the companys planned restructuring could proceed if…
Taking a step toward the future, Australian restructuring and advisory firm Cor Cordis has unveiled its refreshed branding, which includes dynamic new imagery, bold colours, and an updated website. Business advisory and restructuring firm Cor Cordis is entering the new year with a new brand identity, built around the ethos Brave Futures. The visual update…
KPT Restructuring, a new national restructuring and business advisory has entered the market, established in Sydney by Ozem Kassem, Jonathon Parker and Jason Tang. A trio of Cor Cordis partners Ozem Kassem, Jonathon Parker, and Jason Tang have broken away to launch their own consultancy KPT Restructuring, which will provide distressed businesses with restructuring, advisory…
In times of economic uncertainty, companies often resort to cost-cutting measures to maintain profitability and weather the storm. However, traditional approaches to cost reduction can have negative consequences, leading to employee disengagement, reduced productivity, and ultimately, a weaker company. To avoid these pitfalls, leaders must adopt a different mindset and approach to cost managementone that…
Affimed N.V. Dr. Adi Hoess to step down as CEO and Management Board Member Dr. Andreas Harstrick appointed Interim CEO Strategic restructuring reducing headcount by up to 50%, extending cash runway into H2 2025 Go forward organization will focus on advancing clinical programs Company confirms guidance on data readouts for AFM24-102 and LuminICE-203 in H1…
E-commerce giant Flipkart is gearing up for a significant restructuring initiative as part of its strategy to streamline resources and sustain profitability, as reported by Times of India. The move could lead to the elimination of approximately 1,500 jobs, excluding those at its fashion platform Myntra, in the coming months. This restructuring effort aligns with…
Jan 8, 2024 11.45am Bain Special Situations and London-based Sona Asset Management, two specialists in distressed assets, are poised to take control of Accolade Wines as they work through the final details of a debt restructuring, with terms close to being agreed. The restructure of Australias second-largest wine company owned by The Carlyle Group and…