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GAVIN Hockey Wealth Specialists to Join Connectus, Establishing Connectus’ Presence in the Canadian Wealth Management and North American Athlete Markets

NEW YORK, US – EQS Newswire – 23 July 2021 – Focus Financial Partners Inc. (NASDAQ:FOCS) (“Focus”), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which GAVIN Hockey Wealth Specialists (“GAVIN”), a registered portfolio manager and investment adviser based in Toronto, will join Connectus Wealth Advisers (“Connectus”). This transaction is expected to close in the third quarter of 2021, subject to customary closing conditions.

GAVIN is an independent, multi-family office that provides customized financial planning, investment and business management services to professional hockey players in Canada and the United States. Based in Toronto, the firm specializes in working with these athletes at all stages of their careers, helping them to achieve financial security through an integrated approach to investing, tax and estate planning, and risk and cash flow management, among other services. For nearly eighteen years, GAVIN’s expertise in these areas has helped the firm create a long-standing and loyal client base and a well-recognized brand name.

“Since our business was founded in 2003, we have been committed to growing and defending our clients’ wealth, while expanding and strengthening our leadership in the hockey market,” said Stew Gavin, President and Co-Founder of GAVIN. “Becoming part of Connectus allows us to advance these goals and to focus even more deeply on our clients, while maintaining our highly customized and specialized service model.”

“It will also enable us to achieve substantial operating efficiencies by leveraging Connectus’ shared infrastructure,” added Matthew Bacchiochi, Vice President and Co-Founder of GAVIN. “Equally important, we will benefit from Focus’ scale advantages, specialized expertise and resources to enhance our client experience and expand our business into other professional athlete markets,”

“We are thrilled to welcome the GAVIN team to Connectus,” said Rajini Kodialam, Co-Founder and Chief Operating Officer of Focus. “This transaction marks the expansion of Connectus into the Canadian wealth management market and the ninth firm to join Connectus since it began to extend its business internationally late last year. We could not be more excited to partner with a firm that has such a strong entrepreneurial and client-centric mindset, reinforced by an outstanding reputation and high brand visibility. The addition of a firm of GAVIN’s caliber is further evidence that Connectus’ differentiated value proposition is resonating strongly worldwide, and will complement its presence in the United States, Australia and the United Kingdom.”

Blair Franklin Capital Partners, a Toronto-based M&A advisory firm, served as financial advisor to GAVIN for this transaction.

About Focus Financial Partners Inc.

Focus Financial Partners Inc. is a leading partnership of independent, fiduciary wealth management firms. Focus provides access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with comprehensive wealth management services. Focus partner firms maintain their operational independence, while they benefit from the synergies, scale, economics and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.

#FocusFinancialPartners

About Connectus Wealth Advisers

Connectus is a global consortium of client-centric advisers that deliver comprehensive wealth management advice through access to expanded services, shared resources and best practices. Connectus exemplifies the spirit of partnership and collaboration, yet celebrates the entrepreneurial mind-set of its advisers. Connectus is designed for founders and teams who want to continue to manage their client relationships and maintain their boutique cultures, while gaining the operational efficiencies of shared infrastructure and access to expanded client service capabilities.

Through Focus, Connectus advisers gain a strategic growth partner with specialized expertise. They benefit from Focus’ scale and extensive network, continuity planning, insights and best practices. Focus is also a source of permanent capital to accelerate growth and enhance business and client outcomes. For more information, please visit www.connectuswealth.com.


Cautionary Note Concerning Forward-Looking Statements

This release contains certain forward-looking statements that reflect Focus’ current views with respect to certain current and future events. These forward-looking statements are and will be, subject to many risks, uncertainties and factors relating to Focus’ operations and business environment, including, without limitation, uncertainty surrounding the current COVID-19 pandemic, which may cause future events to be materially different from these forward-looking statements or anything implied therein. Any forward-looking statements in this release are based upon information available to Focus on the date of this release. Focus does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could affect Focus may be found in Focus’ filings with the Securities and Exchange Commission.

Seven Killed in Illegal Gold Mining Accident in Xieng Khouang

Seven dead after sinkhole in Xieng Khouang
Seven dead after ground collapse in Xieng Khouang Province.

Seven people are presumed dead after a sinkhole occurred while they were mining gold at Soun Mountain in Xieng Khouang Province.

Laos Confirms 223 New Cases of Covid-19

Covid update Champasack

Laos has confirmed 223 new cases of Covid-19 today, bringing the total number of cases to 4,342.

China Bans Cattle and Cattle Product Imports from Laos

China bans cattle imports from Laos
A cattle farmer in Laos (Photo: Mekong Livestock Research)

China’s customs department said yesterday that it has banned the import of cattle and cattle products from Laos to prevent the spread of lumpy skin disease.

Gaw Capital Partners Forms Partnership with Data Center First

HONG KONG SAR / SINGAPORE – Media OutReach – 23 July 2021 – Real estate private equity firm Gaw Capital Partners today announced the establishment of a new joint venture operating company, Data Center First Pte Ltd., with Mr. Wong Ka Vin as the Co-Founder & Chief Executive Officer with its maiden project in Batam, Indonesia. Data Center First, headquartered in Singapore, is a data center operator and the first platform investment made by Gaw Capital Partners to support its IDC investments in Asia outside of China.

Mr. Wong Ka Vin is an industry veteran with a track record in building successful data center platforms and professional teams like i-STT in 1999, followed by Equinix Asia Pacific in 2002, CSF Group Asia which became ChinData in 2011, and finally returning to Singapore to lead and re-brand 1-Net by building 1-Net North, Southeast Asia’s first Uptime Certified Tier III design and constructed 30MVA facility in Woodlands, Singapore in 2013.

The data center campus in Nongsa Digital Park is the maiden project with Data Center First.

This project leverages on the fact that Nongsa Digital Park has been slated as the “Digital Bridge” that connects Singapore to many of Indonesia’s fast-growing cities.

In addition to this maiden project in Batam, Indonesia, Data Center First will also work with Gaw Capital Partners to originate, evaluate and develop data center projects in Southeast Asia and beyond.

Kenneth Gaw, President & Managing Principal of Gaw Capital Partners, said, “I am excited to be working with Ka Vin and his team of professionals in creating this data center operating platform. It signals a key milestone in Gaw Capital Partners’ growth in the data center industry, an industry that enables digital transformation opportunities for organizations globally to continue to grow. We plan to grow our regional data center platform rapidly through a combination of multiple asset and platform acquisitions and our partnership with Data Center First is the first step in the execution of this strategy.”

Gaw Capital Partners sees the IDC development as part of the bigger story that will encompass the broader and larger global opportunities that the digital economy brings. There is an ever-growing amount of data traffic that is driving demand for data centers to consolidate servers, store data and manage network support, thanks to technological advancements in 5G communications, 4K transmission, the Internet of Things (IoT) and artificial intelligence.

Wong Ka Vin, Co-Founder & Chief Executive Officer of Data Center First, said, “The next generation data center operators will need a deep understanding on how to exploit M&E and IT technologies in combination to create a more effective and valuable service experience for our customers. Data Center First will keep pace with the latest trend and provide industry-leading experience in the market for our clients.”

IDC is a focus sector for Gaw Capital Partners. In September 2020, the company closed fundraising for its first internet data center (IDC) platform, which has invested in a portfolio of projects in partnership with IDC developers and operators in China, bringing the total equity raised of approximately US$1.3 billion, to build “green, efficient, innovative and recyclable” data center clusters.

About Gaw Capital Partners

Gaw Capital Partners is a uniquely positioned private equity fund management company focusing on real estate markets in Asia Pacific and other high barrier-to-entry markets globally.

Specializing in adding strategic value to under-utilized real estate through redesign and repositioning, Gaw Capital runs an integrated business model with its own in-house asset management operating platforms in commercial, hospitality, property development, logistics, IDC and Education. The firm’s investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, serviced apartments, hotels, logistics warehouses and IDC projects.

Gaw Capital has raised six commingled funds targeting the Greater China and APAC regions since 2005. The firm also manages value-add/opportunistic funds in Vietnam and the US, a Pan-Asia hospitality fund, a European hospitality fund, a Growth Equity Fund and also provides services for separate account direct investments globally.

Since 2005, Gaw Capital has commanded assets of USD$30.7 billion under management as of Q1 2021.

#GawCapitalPartners

Canada to Donate 17.7 Million Doses of AstraZeneca to Low and Middle-Income Countries

Canada to donate AstraZeneca vaccines to Laos
Canada to donate almost 18 million surplus AstraZeneca doses to low- and middle-income countries (Photo: AAMC)

Canada has announced it will donate nearly 18 million doses of the AstraZeneca vaccine to low and middle-income countries, including Laos, through the COVAX initiative.

Vientiane Capital Provides 100 Beds for Champasack Province

Vientiane provides beds to Champsack

Vientiane Capital has provided one hundred beds to Champasack Province for use in field hospitals to treat Covid patients.

KingHash Intelligent One-Stop Mining Platform May Change Mining Ecology

Abstract: The cryptocurrency market was sluggish in the first half of 2020 and gradually reversed in the second half of the year. Traditional industry investors are adding digital currencies to their portfolios in a big way. In this context, KingHash, an overseas one-stop mining platform, came into being. The cost of mining is far lower than the cost of buying spot in the secondary market, which also reduces the investment risk significantly.

SINGAPORE – Media OutReach – 22 July 2021 – Recently, KingHash upgraded its intelligent one-stop mining platform. At present, it has covered the most popular mining projects (ETH mining, Filecoin mining and Chia mining). KingHash understands that each currency has different attributes and different conditions for mining. KingHash gives solutions to the problem of staking coin needed for Filecoin mining, so as to fully meet the different needs of investors and let investors experience the fun of mining without threshold.

KingHash’s three main advantages:


  • Open one click mining, convenient mining

From the very beginning, KingHash has made it its core product goal to lower the mining threshold for ordinary investors. It focuses on the concept of “convenient mining” and takes on the complexities of professional miner screening, deployment, maintenance, and technical services to provide investors with maximum convenience to achieve one-stop mining.

  • The platform carefully conducts research and strict screening to provide users with high-quality and stable Filecoin nodes.

KingHash relies on rich miners and diversified business resources to help the whole industry form an ecological closed loop. It connects the upstream and downstream of the industry to provide maximum convenience for investors. From the screening of Filecoin nodes to the withdrawal of earnings, it closely tracks the whole process to maximize the safety of investors’ investment.

  • Reduce the threshold of mining access

KingHash has direct access to the source of supply and the most cost effective graphics cards and loan channels, thanks to cooperation and investment partners. KingHash provides investors with 16T hard drive and 12T effective computing power. Compared to other platforms’96T and 128T, it greatly lowers the entry threshold for mining, making it easy for C-end users to participate in order to share the benefits of mining.

KingHash not only provides computing power for ordinary C-end investors, but also actively deploys its own mining pool to meet the needs of large capital investors, strictly selects technical teams, and guarantees users’ investment by combining high-quality mining machines with solid technical strength.

KingHash has its self-built mining pool, the single mining machine uses AMD CPU and high-quality mining machine, and the 7320 single machine computing power is up to 2T. As the storage capacity of Filecoin continues to increase, the importance of operations and maintenance has been increasing significantly in the industry. KingHash’s core technical team operates and maintains more than 100,000 mining machines, and has rich experience in operation and maintenance. Its customers include leading Internet companies such as Ali, Douyin, iQiyi, and Wangsu Technology.

KingHash’s team is a contributor to the early code of IPFS. In 2018, it received official commendation, and its team members came from 360, Ubuntu, Red Hat and other well-known companies. The mining machine mode of computing cluster+storage cluster is adopted as a whole, and the computing cluster adopts highly cost-effective AMD+Intel heterogeneous models . All machines are purchased at the lowest price in the supply chain market, which can flexibly adjust the number of machines and hard disks and balance the load. At the same time, using 10 Gigabit network link, the mining machine network structure can support an increase of 5P computing power per day for single miner, and the monitoring of mining machine cluster has achieved visualization and automation of daily maintenance. Professional operation and maintenance system effectively solves the problem of efficiency maximization and safety and reliability, ensuring that some failures will not affect the normal operation of the whole system.

In addition to professional operation and maintenance services, KingHash provides investors with the best solutions for the special characteristics of ETH mining. KingHash promises to provide investors with the most competitive electricity costs, support for multi-currency payment of electricity bills or benefit credits, support for fee-free withdrawal of currency, and fast exchange, making it easy for investors to cash out and securely capture the bull market.

About KingHash

With the industry-leading mining experience and by choosing the mining machine + cloud computing power method, KingHash one-stop mining platform provides users with convenient and safe mining services. KingHash aims to help investors broaden their investment channels and promote the healthy development of the mining industry with its leading technical strength and resource advantages to boost the healthy development of the investment ecology.

#KingHash