Category: MENA

Posted on

EMGA Secures USD 15 Million Senior Debt Facility for CDB

LONDON, June 29, 2026 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) announced the successful closure of a USD 15 million senior debt facility for Citizens Development Business Finance PLC (CDB), marking a significant milestone in strengthening Sri Lanka’s financial sector and supporting sustainable growth.

This transaction underscores EMGA’s continued commitment to Sri Lanka, while reinforcing CDB’s vision of expanding access to finance for SMEs and advancing its green portfolio. The facility was arranged in collaboration with Swedfund, Sweden’s development finance institution, which plays a pivotal role in promoting sustainable economic development across emerging markets.

Commenting on the transaction, CDB’s MD/CEO Mahesh Nanayakkara stated, “This financing strengthens our ability to empower SMEs and accelerate our green initiatives, ensuring that CDB continues to play a leading role in shaping Sri Lanka’s sustainable financial future.”

Emphasising the strategic importance of the debt finance, Head of Investment Banking and Managing Director at EMGA Sajeev Chakkalakal said, “We are pleased to close this latest transaction and ensure CDB’s continued vision of supporting SMEs and its green portfolio in Sri Lanka, while simultaneously helping expand Swedfund’s ongoing operations in the region.”

Reflecting on the broader impact, Head of Operations and Managing Director at EMGA Jeremy Dobson noted: “Following several challenging years for Sri Lanka, EMGA has moved swiftly to capitalise on improving local conditions, strengthening CDB’s funding base and diversifying its sources of capital.”

Björn Areskog, Investment Director at Swedfund, said, “We invest to increase access to capital to support the ability of MSMEs to grow, create more local jobs, add tax revenues and increase affordable access to products and services.”

Citizens Development Business Finance PLC (CDB): A leading non-bank financial institution in Sri Lanka, listed on the Colombo Stock Exchange, recognised for its focus on sustainable finance, digital innovation, and SME empowerment.

Swedfund is Sweden’s development finance institution (DFI), wholly owned by the Swedish government, with a mandate to reduce poverty and promote sustainable economic development in emerging markets. Swedfund provides long-term financing in the form of equity, loans, and technical assistance, primarily targeting sectors such as financial institutions, energy, and sustainable enterprises. The organisation places strong emphasis on environmental, social, and governance (ESG) standards, aiming to create lasting development impact while supporting responsible and inclusive business growth.

Emerging Markets Global Advisory LLP (EMGA), with offices in London and New York, helps financial institutions and corporates seeking new debt or equity capital. EMGA’s multinational team combines decades of experience necessary to complete transactions on behalf of its clients within the world’s emerging markets and frontier economies, including Sri Lanka, which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA is solidifying its position as one of the pre-eminent niche investment banks focused on emerging and frontier markets.

For further information, please contact [email protected]

GlobeNewswire Distribution ID 1001210003

Posted on

Introducing Circeus: The AI-Native Holding Company and Announcing New Equity Financing

The group behind Shop Circle launches Circeus as its holding company brand, backed by a new equity investment from the EBRD. Shop Circle continues as the group’s retail and commerce software division. The investment will accelerate the deployment of AI across the portfolio and fund the continued acquisition of the software businesses that power the everyday economy.

LONDON, June 29, 2026 (GLOBE NEWSWIRE) —  Circeus, the AI-native holding company for mission-critical software, today announced its launch alongside an equity investment from the European Bank for Reconstruction and Development (EBRD), with participation from other investors.

The launch introduces Circeus as the group’s holding company brand, reflecting the broader B2B software portfolio the group now operates with AI embedded throughout. The investment will help scale the group’s central AI engineering capability and support continued acquisitions.

The AI-native holding company

Circeus has completed 18 acquisitions over the last four years and serves more than 200,000 businesses worldwide. The group is scaling profitably and is adding more revenue this year than in the previous two years combined, with further acquisitions expected to complete over the coming months.

From strategy to results

Over the past three years, AI has moved from experimentation to scaled deployment across the portfolio. Today, this is visible in performance:

  • Double-digit share of net new bookings driven by AI-enabled features
  • Up to ~80% customer experience automation in several products
  • 100%+ improvements in developer productivity through AI-assisted workflows

These outcomes are consistent across multiple businesses, demonstrating a repeatable model that improves product performance, operational efficiency and post-acquisition EBITDA, rather than isolated successes.

A compounding model, with AI as the operating system

Circeus grows through a repeatable model: selectively acquiring software businesses and connecting them to a central AI capability, with agents and skills built once and deployed across the portfolio. Post-acquisition, Circeus embeds AI into products, automates operations, and reuses infrastructure, data, and insights across the group.

Each improvement compounds, creating a structural advantage difficult for standalone software businesses to replicate. AI is not a layer added on top of each product; it is the operating system of the group, moving software from systems of record to systems of action, and turning tasks into outcomes.

A permanent home for founders

Founders who sell to Circeus get a permanent home for their business: brands, teams, and customer relationships are preserved, while the group brings AI engineering, growth expertise, and centralised back-office support.

What they said

“As AI evolves software from passive tools into systems that act and execute, the addressable market for technology is expanding several-fold. We are building the platform to capture this shift. We were not running a fundraising process, as we are profitable and well capitalised, but we chose to make space for EBRD given their institutional standing and to lean further into a market that presents several attractive opportunities,” said Luca Cartechini, Founder and CEO of Circeus.

“Across different businesses, we have proven that evolving a product into its AI-native form can drive a step-change in the market it can address. The hard part is doing this repeatedly, and that is what we have built: a central engineering capability that turns each transformation into a foundation for the next,” said Gian Maria Gramondi, Founder and COO of Circeus.

“With more than $220m of total capital raised to date, we have substantial firepower to deploy in a highly attractive acquisition environment, with several deals expected to complete over the coming months. Deal after deal, we are proving a repeatable operating model that drives EBITDA uplift and strong returns across the assets we acquire and operate,” said Robin Hardt, CFO of Circeus.

“We are backing a team bringing AI to the essential software that businesses across our regions rely on every day, and Circeus’s compounding model aligns closely with EBRD’s long-term mandate. The market for bringing AI to the real economy is enormous, and we look forward to supporting Circeus, alongside a strong group of investors, across the journey,” said Bruno Lusic, Investor at EBRD.

EBRD’s long-term perspective aligns with Circeus’s approach to building compounding platforms over decades, not quarters. The investment brings the group’s total equity raised to more than $120m and total capital raised to more than $220m, with backing from NFX, QED Investors, Nextalia, 645 Ventures, 3VC, Endeavor Catalyst, CDP Venture Capital, alongside a $100m+ credit facility from i80 Group.

Looking ahead

Despite the pace of AI innovation, adoption across the real economy remains early. Only around one in five enterprises in Europe and the US currently report using AI. [1]

Circeus exists to help close the AI adoption gap by embedding frontier capabilities into the mission-critical software that businesses depend on. The everyday economy runs on software that moves goods, powers commerce and supports specialist industries. Circeus believes AI compounds most where domain knowledge runs deepest, making vertical software, with its proprietary workflows and data, central to the group’s portfolio.

The next generation of platforms will execute work, not just provide tools, and that shift is already underway.

About Circeus

Circeus is the AI-native holding company for mission-critical software. The group acquires and evolves vertical software businesses that power the everyday economy, embedding AI through its central engineering team to move software from systems of record to systems of action. Circeus operates from London, Milan and Sarajevo. Shop Circle, its commerce software division, serves retailers, wholesalers and brands worldwide.

About EBRD

The EBRD is one of the world’s leading multilateral development banks, with a portfolio of approximately €62 billion and more than €220 billion invested since 1991 across over 7,800 projects. The Bank also has dedicated equity capabilities, supporting private-sector growth, innovation and sustainable development across its regions.

Notes to editors

[1] Sources: Eurostat, “20% of EU enterprises use AI technologies”: https://ec.europa.eu/eurostat/web/products-eurostat-news/w/ddn-20251211-2;
US Census Bureau, “AI Use at U.S. Businesses”: https://www.census.gov/library/stories/2026/05/ai-use-businesses.html.

Both reports indicate business AI usage of approximately 20% in the EU and 17–20% in the US.

Media enquiries

[email protected]

GlobeNewswire Distribution ID 1001209874

Posted on

GPK DEADLINE: ROSEN, A LONGSTANDING FIRM, Encourages Graphic Packaging Holding Company Investors with Losses in Excess of $100K to Secure Counsel Before Important July 6 Deadline in Securities Class Action – GPK

NEW YORK, June 29, 2026 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Graphic Packaging Holding Company (NYSE: GPK) between February 4, 2025 and February 2, 2026, inclusive (the “Class Period”), of the important July 6, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Graphic Packaging securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Graphic Packaging class action, go to https://rosenlegal.com/submit-form/?case_id=64523 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 6, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Graphic Packaging was experiencing, inter alia, significant inventory management issues, as well as significantly reduced demand and volumes and increased costs; (2) defendants downplayed the true scope and severity of the foregoing issues, which were likely to, and did, have a material negative impact on Graphic Packaging’s business and financial results; (3) defendants likewise overstated the strength and sustainability of Graphic Packaging’s business model and operations, as well as its ability to weather ongoing macroeconomic headwinds; (4) accordingly, Graphic Packaging’s previously issued full year 2025 financial guidance was unreliable and/or unrealistic; and (5) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Graphic Packaging class action, go to https://rosenlegal.com/submit-form/?case_id=64523 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 9753716

Posted on

OPPOLIA Launches AI-Powered Factory to Expand Global Reach

OPPOLIA AI Factory

OPPOLIA AI Factory

 

DUBAI, United Arab Emirates, June 29, 2026 (GLOBE NEWSWIRE) — OPPOLIA Home, a subsidiary of OPPEIN Home Group Inc. – the world’s leading custom cabinetry manufacturer, has officially put into operation its latest intelligent manufacturing facility, integrating advanced automated processing and AI-driven technologies.

Founded in 2015, OPPOLIA is a leading player in the Asian custom home furnishings market. The company offers a wide range of products, including custom cabinetry, furniture, doors, and windows, to deliver a comprehensive furnishing solution for families around the world.

To sustain steady growth in production capacity and efficiency, the company has poured over USD 140 million into R&D and technological innovation. This investment has laid the groundwork for OPPOLIA’s AI-powered factory, where efficiency and precision are given equal priority.

Throughout the production process, panels, the components of a cabinet, are handled entirely by automated systems, moving seamlessly from raw material to finished packaging with no manual intervention. The entire workflow is fully intelligent and precisely synchronized. Operations such as production scheduling, panel sawing, surface finishing, edge banding, drilling, and packaging are all carried out by intelligent manufacturing equipment from Germany’s HOMAG, which covers 98% of OPPOLIA’s production lines. This is the essence of a “dark factory”, a fully automated production site capable of running 24/7 without human presence. With this AI-powered facility, the company can produce up to 25,000 cabinets per day, ensuring a robust and stable supply for global markets.

Furthermore, OPPOLIA has integrated AI capabilities into its design platform and linked it directly to the manufacturing system. Its proprietary design software can generate a comprehensive AI-driven proposal in under 30 minutes. Through systematic integration, the software also includes instant quoting and order placement, so that once a plan is confirmed, it is immediately transmitted to the AI factory. Thus, sales, design, production, and delivery are all connected through an AI-powered intelligent operations center.

With over 2,700 global showrooms in 100+ countries, OPPOLIA offers a proven path to prosperity. Currently, OPPOLIA is actively seeking ambitious dealers worldwide. Please visit oppoliahome.com or contact the specialist below to learn more.

Contact
Joey, OPPOLIA HOME
[email protected]
+8615636208893
+862036735161

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c7e2d825-7641-4137-8e57-41ba5fd70589

GlobeNewswire Distribution ID 9753823

Posted on

FSK FINAL DEADLINE: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages FS KKR Capital Corp. Investors with Losses in Excess of $100K to Secure Counsel Before Important July 6 Deadline in Securities Class Action – FSK

NEW YORK, June 28, 2026 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of FS KKR Capital Corp. (NYSE: FSK) between May 8, 2024 and February 25, 2026, inclusive (the “Class Period”), of the important July 6, 2026 lead plaintiff deadline.

SO WHAT: If you purchased FS KKR Capital securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the FS KKR Capital class action, go to https://rosenlegal.com/submit-form/?case_id=64089 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 6, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FS KKR Capital overstated the effectiveness of its portfolio restructuring efforts for its nonaccrual companies; (2) FS KKR Capital overstated the valuation of its portfolio investments and/or overstated the effectiveness of FS KKR Capital’s portfolio valuation process; (3) FS KKR Capital overstated the durability of its quarterly distribution strategy; and (4) as a result of the foregoing, defendants’ positive statements about FS KKR Capital’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the FS KKR Capital class action, go to https://rosenlegal.com/submit-form/?case_id=64089 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 9753701

Posted on

PHREESIA DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Phreesia, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – PHR

NEW YORK, June 28, 2026 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Phreesia, Inc. (NYSE: PHR) between May 8, 2025 and March 30, 2026, inclusive (the “Class Period”), of the important July 13, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Phreesia common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Phreesia class action, go to https://rosenlegal.com/cases/phreesia-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 13, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or concealed material adverse facts concerning the true state of Phreesia’s slowing demand and reduced visibility in key revenue streams, notably, the weakened pharmaceutical marketing commitments in its Network Solutions segment. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Phreesia class action, go to https://rosenlegal.com/cases/phreesia-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 9753591