Archive for Author: Marlin & Associates

Today Marlin & Associates client Deutsche Börse sold its majority interest in Avox to Depository Trust & Clearing Coproration. Avox cleanses and maintains reference information on legal entities and counterparties needed by financial services to support operational, risk management and regulatory compliance activities, including know your customer and anti-money laundering reporting. The firm’s automated, centralised corporate database resource holds information on the legal name, address, corporate hierarchies, immediate and ultimate parent, industry sector codes, company identifiers, and regulator information applicable to these companies. It counts Citi, Barclays, Nomura International, Standard Bank, Mizuho, Allianz, Eurex, Swift, Mitsubishi UFJ and Royal Bank of Canada

Today our client Invictus Financial Inc announced that the company has sold its operating business “Stockgroup Media Inc.” to a group led by current management. The terms include the assumption by the management group of approximately $1.5 million in negative working capital and approximately $2.1 million in vendor liabilities. In September 2008 the company hired Marlin & Associates to review all strategic scenarios for the company including a sale. The financial market collapse in late 2008 led to a significant decline in the Company’s business. Even with significant cost cutting efforts and negotiations with vendors over the past year and a…

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