Toyota Motor North America and Alabama A&M University (AAMU) are launching a “student-led mobility initiative,” which aims to strengthen the area’s connection and access to education, jobs, and clean vehicles. The initiative will unite an interdisciplinary team of students and faculty for the “Clean Low Emissions Approach & Novel Transportation Innovation Practice,” otherwise known as “CLEAN-TRIP.” The effort is the first of similar initiatives Toyota is establishing across the United States. “Creating a clean, safe and more efficient environment for the campus proper, as well as the immediate and larger community, has been a major thrust of AAMU for decades,” explained Dr. Ernst Cebert, facilitator of the project and professor within the College of Agricultural, Life and Natural Sciences. “Through this project, we will engage students with hands-on learning to address real world problems.” “We … [Read more...] about Toyota & Alabama A&M University Partner On Mobility Initiative
Sales university group
Laureate Education plans to repay debt through sale of $800 million in senior notes
Laureate Education Inc., the Baltimore-based company that owns and operates universities around the world, is planning to refinance and pay down some of its roughly $3.8 billion in debt.In a filing Monday with the Securities and Exchange Commission, Laureate said it would sell up to $800 million in senior notes, due in 2025, in a private offering. The proceeds, combined with funds from its $490 million initial public offering on Feb. 1, to repay debt, including some high-interest bonds due in 2019, other term loans and seller notes that partially financed the 2014 acquisition of FMU Group, which ran college campuses in Sao Paulo, Brazil, the company said. It's also refinancing existing senior secured credit facilities.Laureate has more than one million students enrolled at 70 institutions in 25 countries on campuses and in online programs. It took on substantial debt when Kohlberg Kravis Roberts took it private in 2007 in a $3.8 billion deal.The company last week reported that its … [Read more...] about Laureate Education plans to repay debt through sale of $800 million in senior notes
Apollo Global, Abraaj Group invest in Laureate before possible IPO
Laureate Education, a Baltimore-based firm that owns and operates universities around the world, is planning to raise $383 million by selling stock privately to a group of six investors that includes Apollo Global Management and The Abraaj Group.The firm, which has been looking to raise money by selling stock in an initial public offering for more than a year, disclosed the plans in a recent filing with the Securities and Exchange Commission.The private offering of 400,000 shares, which is expected to close Thursday, appears designed to give the firm some "breathing room," enabling it to pay down some of its debt in advance of an IPO or sale, said Matt Kennedy, an analyst at Renaissance Capital, which manages IPO-focused exchange traded funds.A Laureate spokeswoman declined to comment on the plans, citing a so-called "quiet period" that precedes an IPO. The firm, which employed about 1,000 in Baltimore this fall, had more than 67,800 people working for it at 200 locations in 25 … [Read more...] about Apollo Global, Abraaj Group invest in Laureate before possible IPO
Robby Findlay named to 40 Under 40 group
Findlay Findlay Automotive Group Director of Operations Robby Findlay was recently named to the list of 40 Under 40 executives by Vegas Inc. Findlay Automotive Group Director of Operations Robby Findlay has been included on the Vegas Inc. 40 Under 40, a list of exceptional young professionals who are making the Las VegasVegas Valley a better place for everyone. A fifth-generation Nevadan, the 37-year-old Findlay graduated from Bishop Gorman High School in 1998. He earned his bachelor’s in political science at Brown University in Providence, Rhode Island, in 2003 before joining Findlay Automotive Group. Findlay started as a sales consultant with Findlay Volkswagen. He worked his way through the ranks at Findlay VW before becoming sales manager and eventually general manager of Saturn of Henderson in the Valley Automall. Findlay later became general manager of Findlay Toyota Flagstaff in Arizona, where he worked for eight years. “The opportunity to get out of Vegas and … [Read more...] about Robby Findlay named to 40 Under 40 group
French Invasion of Georgia Underway After Groupe PSA Chooses Atlanta for American HQ
It’s likely the vanguard of the invasion force is already on Georgia soil, probably after landing at Hartsfield-Jackson following a nice Air France flight from Aéroport de Paris-Charles-de-Gaulle. Don’t be scared, though. These people are delivering choice to new car buyers, at least once their plan is fully underway.Groupe PSA, maker of Peugeot, Citroën, and DS vehicles, announced Tuesday that Atlanta will become home to its new North American headquarters. It’s an early but crucial step in the company’s decade-long plan to return to the American automotive scene.The new HQ will be operational by February, the automaker claims. Already, there’s a core team laying the groundwork for the company’s cautious product strategy — one designed to gradually acclimatize Americans to French cars before actually offering them for sale.“We looked at every aspect of the Atlanta community and found it to be the most suitable … [Read more...] about French Invasion of Georgia Underway After Groupe PSA Chooses Atlanta for American HQ