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Front Row Group Announces Strategic Investment from Charlesbank Capital Partners

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New funding will enhance Front Row Group’s ability to execute strategic growth initiatives and deliver hyper-personalized service at scale

NEW YORK and BOSTON, Sept. 3, 2024 /CNW/ — Front Row Group (or the “Company”), an e-commerce agency and accelerator providing fully outsourced marketplace management to beauty, health & wellness, and CPG brands, today announced a strategic investment from Charlesbank Capital Partners (“Charlesbank”), a middle-market private equity firm with more than $18 billion of capital raised since inception. The investment will help the Company accelerate innovation and growth of the business, while maintaining its focus on high-quality, personalized service at scale.

With a global presence in New York, San Diego, Hamburg and Bratislava, Front Row Group leverages proprietary technology to design, market, distribute and scale leading brands around the globe. The Company tailors its diverse set of specialized services to a business’s unique needs with expertise across strategic brand-building, omnichannel marketing, international market expansion, content production, and business intelligence through its proprietary Catapult platform and innovative design and branding. This investment follows the 2023 brand consolidation that united Fortress Brand, School House, Taylor & Pond, Bizmut and Finc3 under the Front Row Group brand, providing the Company with differentiated global capabilities to better support clients across North America and Europe.

Charlesbank’s investment will enable Front Row Group to continue scaling in the fast growing and dynamic e-commerce space. The Company will be well-positioned to deliver faster, more impactful results in the operationally complex Amazon channel, helping clients optimize content, power data-driven decisions via Catapult, and manage the complicated logistics of the competitive marketplace. Through its partnership with Charlesbank, Front Row Group can further build on its track record of organic growth and accretive acquisitions, allowing the Company to accelerate its growth trajectory.

“As demand for Front Row Group’s services increases with more brands looking to unlock e-commerce growth, Charlesbank’s partnership will enable us to fully capitalize on the market opportunity in front of us,” said Yuriy Boykiv, CEO at Front Row Group. “With Charlesbank’s deep industry expertise and long track record of driving value, Front Row Group is better equipped to extend its position as a leading partner to top brands globally. We are excited to have Charlesbank’s support for this next phase of growth.” 

“Front Row Group is at the intersection of a couple of powerful long-term trends: the movement of the $300 billion beauty, health and wellness industries, particularly the premium segment, into e-commerce, and the increasing personalization of brand preference,” said Michael Choe, Managing Director & CEO at Charlesbank. “These tectonic shifts have created a significant market opportunity for leading service providers that can enable brands to reach their full potential online faster and more efficiently. Front Row Group is a clear leader in helping their brand partners achieve this. We are thrilled to partner with Yuriy, cofounders and current Presidents Alex and Matt Beer, and their team, to build on their already impressive growth.”

Financial terms of the transaction were not disclosed.

Jefferies LLC served as financial advisor to Front Row Group on the transaction and Akerman LLP provided legal counsel to Front Row Group. Lincoln International LLC served as financial advisor and Kirkland & Ellis LLP provided legal counsel to Charlesbank.

About Front Row Group:

Front Row Group is a leading e-commerce agency and accelerator specializing in beauty, health, wellness, and consumer brands. With a global presence in New York City, San Diego, Hamburg, and Bratislava, the company partners with top brands to drive holistic commerce growth. Leveraging proprietary technology called Catapult and robust capabilities, they design, market, distribute, and scale brands worldwide.

Front Row Group’s expertise encompasses strategic brand-building, omnichannel excellence, international market expansion, compelling content creation, and innovative design and branding. Front Row Group ensures robust marketplace growth, seamless e-commerce management, targeted digital marketing, and actionable business intelligence.

Trusted by industry leaders like OUAI, Summer Fridays, Glow Recipe, Designs For Health, Scrub Daddy, Unilever, Bosch, and Wella, Front Row Group empowers brands to achieve their full potential in a competitive marketplace. For more, visit https://www.frontrowgroup.com/.

About Charlesbank:

Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm with more than $18 billion of capital raised since inception. Charlesbank focuses on management-led buyouts, growth capital financings, opportunistic credit, and technology investments. The firm seeks to invest in companies with sustainable competitive advantage and excellent prospects for growth. For more information, please visit www.charlesbank.com

Contacts for Front Row Group:
frontrowgroup@kwtglobal.com

Contacts for Charlesbank:
Ryan FitzGibbon / Alexa Ottenstein / Peter Gavaris
Prosek Partners
pro-charlesbank@prosek.com

 

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SOURCE Front Row

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SINEXCEL and FastCharge.me Forge Partnership for EV Charging Solutions

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September 14, 2024

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ANAHEIM, Calif., Sept. 14, 2024 /PRNewswire/ — SINEXCEL, a well-established global supplier of energy storage and EV charging solutions, has signed a strategic partnership with FastCharge.me Inc. (“FCME”) at RE+ 2024. This collaboration aims to expand the deployment of innovative EV charging solutions to the growing EV market in America.

Under the agreement, SINEXCEL will supply a range of EV charging products and solutions to FCME upon request, enhancing FCME’s charging infrastructure and expanding its network across America.

“We chose to partner with SINEXCEL for their EV charging solutions because of their strong, nearly 20-year, foundation in power electronics and their deep expertise in the EV charging and Energy Storage sectors,” said Moshe Becker, CEO and Co-Founder of FCME. “We have full confidence in their robust and enduring technologies, capabilities and capacities in the global EV charging market. We are excited about the high performance and reliability of charging experiences these charging solutions will offer to our customers, and we look forward to introducing more innovative solutions through this collaboration.”

Derek Leng, General Manager of SINEXCEL North America, added, “We are thrilled to partner with FCME and all the related parties. FCME has a very in-depth market understanding and insights, strong technical capabilities and visionary foresight. This collaboration aligns perfectly with our goals and visions of bringing exceptional EV charging solutions and customer experiences to the North American EV charging market.”

This partnership marks a significant step forward in the mission to advance EV infrastructure, ensuring that SINEXCEL and FCME are at the forefront of delivering superior charging solutions that meet the evolving needs of American customers and end-users.

Since 2007, SINEXCEL has been dedicated to power electronics, Energy Storage and EV charging solutions. Expanding its reach to over 60 countries, SINEXCEL invests over 10% of its revenue into R&D, driving innovation and the development of reliable, high-quality products and solutions. As a trusted partner of global EV charging market leaders like Shell and BP, SINEXCEL is set to make a significant impact in the U.S. market through its collaboration with FCME and other business partners, paving the way for a more sustainable and greener future.

Contact:
FastCharge.me
Stephanie McGreevy, COO
stephanie@fastcharge.me

SINEXCEL 
Melody Yu, Marketing Manager
hongxia_yu@sinexcel.com 

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SOURCE SINEXCEL

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2024 China-MENA Intelligent Transportation Development and Cooperation Conference (Dubai) Will Be Held Soon

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September 14, 2024

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DUBAI, UAE, Sept. 14, 2024 /PRNewswire/ — The year 2024 marks the 40th anniversary of the establishment of diplomatic relations between China and Arab states. It is an important node for China-Arab relations to continue with the past and open up the future. In order to continuously strengthen the alignment of the development strategies of the transportation industry between China and the MENA region, and promote innovative cooperation in science, technology, finance and industries in the field of intelligent transportation, China Intelligent Transportation Association (ITS China), as the only national level social organization representing Chinas intelligent transportation industry and facing the world, will organize and hold the 2024 China-MENA Intelligent Transportation Development and Cooperation Conference (hereinafter referred to as the “Conference”) in Dubai on 18th September 2024.

With the theme of “Sharing and Matchmaking”, the Conference will set up sessions such as keynote speeches, cooperation and exchanges, matchmaking negotiations and technical product display around the three major building blocks including urban intelligent transportation construction, intelligent networked new energy vehicles, smart logistics and public travel, so as to provide participants with market development consultation and resource matchmaking services and the opportunities for in-depth exchanges and matchmaking with relevant institutions in the MENA region, and promote practical project cooperation and implementation.

The Conference has received strong support from relevant departments of China, United Arab Emirates, Oman, Saudi Arabia, Iran and other countries. More than 1,000 representatives from enterprises and institutions such as Shenzhen Urban Transport Planning Center Co., Ltd. ( SUTPC) , Sunland Technology Co. Ltd., CATARC, Zhong’anlianke Technology and Beijing ICE TECH will be invited to actively participate in the Conference.

As the only nationwide non-profit social organization specializing in intelligent transportation in China, ITS China is committed to establishing communication channels in the field of intelligent transportation at home and abroad, and promoting the exchange of technologies and industries in the field of intelligent transportation. The 2024 China-MENA Intelligent Transportation Development and Cooperation Conference will certainly build a professional platform for dialogue and cooperation among relevant institutions in the transportation industry of China and MENA. The Conference will become an annual grand event for precise matchmaking of scientific and technological innovation needs and sharing of successful experiences. We will share the scientific and technological innovation achievements of intelligent transportation with relevant institutions of the countries along Belt and Road Initiative (BRI) routes to jointly promote the rapid development of intelligent transportation and create a better future for transportation!

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Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”

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4 hours ago

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September 14, 2024

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RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ — The Global AI Summit (GAIN) in Riyadh concluded on a high, after the summit welcomed more than 30,000 delegates from across the globe over three days. The live stream of the summit, organized by the Saudi Data and AI Authority (SDAIA), received 3.7m views.

Building on the success of previous editions, GAIN 2024 featured more than 450 speakers from 100 countries, participating in 150 sessions. It also witnessed over 25 launches and announcements, and facilitated the signing of over 80 agreements and Memoranda of Understanding (MoUs).

The summit has grown exponentially since its inception in 2020. Its growing prominence reflects the Kingdom of Saudi Arabia’s role in advancing AI capabilities as it positions itself as a global leader in this space.

The key output from the summit was the need for governments and policy makers to take global action to ensure that AI technology evolves for the good of humanity. Central to responsible evolution is an ethical framework and robust governance.

To support the advancement of AI ethics and governance, SDAIA announced the Riyadh Charter of Artificial Intelligence for the Islamic World in collaboration with the Islamic World Educational, Scientific, and Cultural Organization (ICESCO). This promotes ethical AI grounded in Islamic values and principles, as well as sustainable development through international cooperation.

SDAIA has played a pivotal role in forging key collaborations to strengthen local and regional AI solutions, signing MoUs with Microsoft Arabia to develop Arabic language models, IBM for a Center of Excellence in Generative AI technologies, and NVIDIA to scale AI infrastructure across the Kingdom.

The summit also marked several major milestones. Alongside the unveiling of ALLaM, the world’s most advanced Arabic Language Model, other diverse initiatives such as the Global AI Community, the THAKAI Platform, and guidelines for addressing deepfake technology.

Furthermore, the launch of the Generative AI Center of Excellence by the Digital Cooperation Organization (DCO), the agreement to open an International Center for AI Research and Ethics (ICAIRE) as a UNESCO Category 2 Center, further underscored the impact of GAIN 2024.

The summit itself provided the platform for companies from all over the world to showcase the latest AI technologies and innovations, including AI generated avatars, AI generated artwork, and even Robotic bar staff serving beverages.

The summit closed with an inspirational speech from the Director of Saudi Arabia’s National Information Center, His Excellency Dr. Esam Alwagait, in which he thanked participants:

“Your candid perspectives have not only inspired us with the vision of what lies ahead, but have also grounded us in the realities we must face. Together, we have not only imagined the future of AI, but have also made it real by addressing the challenges and identifying the enablers needed to truly unlock its potential.”

He added:

“It has been incredibly inspiring to see the world come together here in Riyadh, united by momentum to make AI work for everyone. The commitment to collaborative action has been evident throughout the summit.” 

The success of GAIN 2024 ensures that the Kingdom’s AI infrastructure will be significantly strengthened and has cemented Saudi Arabia position at the center of global AI.

Media@GlobalAISummit.org

Photo – https://mma.prnewswire.com/media/2505796/SDAIA.jpg

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SOURCE The Saudi Data & Artificial Intelligence Authority (SDAIA)

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