Capital

Aldrich Capital Partners Bets $45 million on ProcessMaker

Erwin Oropesa 2 months ago

Aldrich Capital Partners has invested $45 million to take a majority stake in ProcessMaker Inc., an intelligent business process management software provider, part of the growth-equity firm’s broader effort to back companies that can capitalize on the growth of digital automation.

Vienna, Va.-based Aldrich is the first institutional investor to back ProcessMaker, according to Mirza Baig, a managing partner at the firm. The deal follows Aldrich’s 2019 investment in Decisions LLC, another business process management software company whose products are deployed across industries that include healthcare, life sciences, finance, logistics and operations software, Mr. Baig said.

Aldrich, which raised more than $256 million for its debut fund in 2018, typically backs companies with at least $10 million in annual revenue, according to its website.

Bobby Vernon and Brian Reale founded ProcessMaker and began developing open-source workflow software in 2008, Mr. Reale said. Over time, the Durham, N.C.-based company added cloud-based

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Business Trusts expect relief on capital gains tax from listed shares

Erwin Oropesa 2 months ago


It is recommended that the capital gains covered under Section 112A should be charged to tax at the rate of 10% and not at MMR in the hands of business trust to bring parity in the provisions.

© Provided by The Financial Express
It is recommended that the capital gains covered under Section 112A should be charged to tax at the rate of 10% and not at MMR in the hands of business trust to bring parity in the provisions.

Union Budget 2021 Expectations: Business Trusts are Cash-Pooling Vehicles (CPVs) that aggregate the funds from investors to fund the large infrastructure or real estate projects. A business trust can be either registered as Real-Estate Investment Trust (‘REIT’) to invest in the real estate properties, malls, offices etc. or Infrastructure Investment Trust (InVIT) to invest in infrastructural projects such as bridges, roads etc.

A specific taxation mechanism for business trust was introduced by the Finance Act, 2014. A business trust (REIT or InVIT) is governed by Section 115UA, Section 10(23FC), Section 10(23FCA) and Section 10(23FD) of the Income-tax Act. A business trust is structured as a hybrid pass-through

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Our Take On The Returns On Capital At AdvanSix (NYSE:ASIX)

Erwin Oropesa 3 months ago

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Although, when we looked at AdvanSix (NYSE:ASIX), it didn’t seem to tick all of these boxes.

Understanding Return On Capital Employed (ROCE)

For those that aren’t sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for AdvanSix, this is the formula:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.018 = US$18m ÷ (US$1.2b

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