LendingClub co-founder Soul Htite leads funding of Credible

San Francisco-based Credible, which operates a platform for borrowing and refinancing student loans, raised a $10 million Series A round of funding led by Soul Htite, founder and CEO of Dianrong.com and co-founder of LendingClub. Ron Suber, president of Prosper, also participated in the round, along with peer-to-peer lending investor Scott Langmack. The company previously raised $2.7 million in seed funding from multiple investors and individuals, including Carthona Capital, Redbus Group, Mark Goines and Bruce Gibney. PRESS RELEASE Credible Closes $10 Million in Series A Funding, Signaling a New Era of Transparency in Student Lending Credible answers the increasing demand for choice in online lending San Francisco, CA (September 29, 2015) – Credible (credible.com), the multi-lender student loan marketplace, allows borrowers to receive competitive loan offers from its vetted lending partners. Credible’s goal is to empower borrowers with more options to finance and refinance their student loans. The $10 million in Series A funding is led by Soul Htite, Founder & CEO of Dianrong.com and Co-founder of LendingClub, with participation from Ron Suber, President of Prosper, and online lending pioneer Scott Langmack. “We’re building Credible for the future of online lending – providing borrowers with choice, better information, and simplicity of process”, said Stephen Dash, Founder & CEO of Credible. “Simply put, we are making student loans more fair. In Soul, Ron and Scott, we have three of the most experienced individuals in online lending which will allow us to accelerate our growth.” As an independent, multi-lender marketplace that has been adopted by some of the most prestigious organizations in the country, including the American Medical Association, the American Pharmacists Association, and Georgia Tech Alumni Association, Credible provides borrowers with unbiased information and multiple offers from its lending partners. “The speed of innovation occurring in financial services has created a once in a generation opportunity” said Soul Htite. “Credible’s unique model is fundamentally changing the dynamics of the loan selection process. We see Credible as a core fixture of the next phase of online lending.” About Credible Credible’s founding principle is to provide borrowers the level of transparency they deserve. As a multi-lender marketplace that allows borrowers to receive competitive loan offers from its vetted lenders, Credible empowers consumers to take control of their student loans. Borrowers can fill out one form, then receive and compare personalized offers from numerous lenders and choose which best serves their individual needs. Credible is fiercely independent, committed to delivering fair and unbiased solutions in student lending. Existing investors include Mark Goines, Carthona Capital, Redbus Group, and Bruce Gibney.

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LendingClub co-founder Soul Htite leads funding of Credible

XL Innovate acquires New Energy Risk

XL Group plc‘s venture capital fund XL Innovate has acquired New Energy Risk Inc. No financial terms were disclosed. New Energy Risk is a products provider for the cleantech sector. PRESS RELEASE DUBLIN, Ireland, Sept. 29, 2015 /PRNewswire/ — XL Group plc (“XL” or the “Company”) (NYSE: XL) announced today that XL Innovate, the venture capital initiative sponsored by the Company, has acquired all of the shares of New Energy Risk, Inc. Tom Hutton, Managing Partner of XL Innovate, said: “New Energy Risk has developed and delivered to the market unique performance warranty products which enable clean technology companies to obtain the project financing they need in order to grow. We look forward to the continued expansion of New Energy Risk under the leadership of CEO Tom Dickson who has a respected track record of leading companies that respond to market opportunities with creative solutions grounded in high quality analytics, underwriting and risk assessment. New Energy Risk is a great example of the kinds of businesses XL Innovate looks to grow. It develops and applies innovative insurance solutions based on engineering analytics, addressing new risks and underserved markets, and providing particularly high impact value for its clients.” Mr. Dickson has more than 25 years of experience in the insurance and reinsurance industry, including executive and underwriting leadership positions. He founded and ran Meetinghouse LLC, a private firm specializing in investment management for insurance, reinsurance and structured credit markets. Mr. Dickson previously served as CEO and Chief Underwriting Officer of the Centre Group, an innovative international insurance and reinsurance group. Commenting on his new role, Mr. Dickson said: “I’m excited to be back in an underwriting role, and particularly excited by the opportunity to address such high value client relationships throughout the world. At New Energy Risk, we collaborate closely with customers, brokers, financiers and other intermediaries in developing customized policies to encourage customer acceptance and support financing of renewable and clean energy technologies.” In 2013, New Energy Risk launched an innovative technology performance insurance product for the cleantech industry, which has been used by companies like Bloom Energy, a Silicon Valley based fuel cell company. Over the past three years, New Energy Risk has worked with XL and Munich Re to insure the performance of Bloom Energy’s technology, improving the financing in support of the installation of nearly 65 megawatts of clean, reliable electricity. About XL Innovate XL Innovate is an XL sponsored venture capital initiative focused on making investments in companies with businesses that address the world’s most complex risk and ensuring the relevancy of the insurance industry today and into the future. XL Innovate will seek to invest in companies that strive to create opportunities outside of the traditional underwriting space by finding ways to underwrite currently uninsured risks. To learn more, visit www.xlinnovate.com About New Energy Risk New Energy Risk is a provider of innovative data analytics, strategic consulting and financial risk transfer solutions to the renewable energy industry worldwide. It was founded by Tom Hutton in 2011 to serve as a risk assessor and intermediary between clean-energy innovators and insurers. For more information, visit www.newenergyrisk.com. About Bloom Energy Bloom Energy is a provider of breakthrough solid oxide fuel cell technology generating clean, highly-efficient on-site power from multiple fuel sources. The company was founded in 2001 with a mission to make clean, reliable energy affordable for everyone in the world. Bloom Energy Servers are currently producing power for several Fortune 500 companies including Google, Walmart, AT&T, eBay, Staples, The Coca-Cola Company, as well as notable non-profit organizations such as Caltech and Kaiser Permanente. For more information, visit www.bloomenergy.com. About XL Group plc XL Group plc (NYSE: XL), through its subsidiaries and under the XL Catlin brand, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit www.xlcatlin.com.

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XL Innovate acquires New Energy Risk

Yahoo to spin off Alibaba stake despite no U.S. tax ruling: Reuters

(Reuters) — Yahoo Inc (YHOO.O) said on Monday it would proceed with the planned spinoff of its stake in Alibaba Group Holding Ltd (BABA.N) even though the IRS has declined to rule on whether the transaction would be tax free. Yahoo’s shares rose 4 percent to $28.71 in extended trading. The Web search company said earlier this month the IRS had denied its request for a private letter ruling on whether the spinoff of its stake in the Chinese e-commerce giant would be considered tax free. The spin-off will remain subject to certain other conditions including the receipt of a legal opinion on the tax-free treatment of the deal under U.S. federal tax laws, Yahoo said in a regulatory filing. (1.usa.gov/1FxLxDD) Based on Alibaba’s Monday close of $59.24, Yahoo’s 384 million shares of Alibaba are worth $22.75 billion. The value of the stake is slightly less than Yahoo’s market capitalization of about $25.98 billion based on 941 million shares outstanding on July 31 and Monday’s close. Many analysts say Yahoo’s core business is worth close to nothing without its Asian assets. As of Monday’s close, Yahoo’s shares have declined a little more than 45 percent this year. Alibaba’s shares have fallen nearly 45 percent over the same period. Investors have closely followed plans for the spinoff, seeing it as a way to unlock value from the company. Yahoo paid $1 billion in 2005 for a 40 percent stake in Alibaba, in a deal credited to the U.S. company’s co-founder Jerry Yang. Yahoo, which expects to complete the deal in the forth quarter ending Dec. 31, has been trying to revive its core online advertising business by spending more to get users on its websites. Analysts and shareholders believe the company and its stake in Alibaba would be worth more separately, as long as the spinoff is not subject to tax incurred from selling the shares.

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Yahoo to spin off Alibaba stake despite no U.S. tax ruling: Reuters

Carlyle to buy 51% of PA Consulting

The Carlyle Group has agreed to buy a 51 percent stake in PA Consulting Group. The deal values PA at $1 billion. London-based PA is a consulting, technology and innovation firm. PRESS RELEASE LONDON, Sept. 29, 2015 /PRNewswire/ — PA Consulting Group (PA), a consulting, technology and innovation firm and global alternative asset manager The Carlyle Group (NASDAQ: CG), today announced that they have signed an agreement for Carlyle to invest in PA for a 51 percent shareholding of the company. The investment values PA at $1Billion and is expected to close in December 2015, subject to regulatory and pension approvals and a shareholder vote scheduled for November 2015. PA is a leading consulting, technology and innovation firm that has made the difference for businesses, governments and communities worldwide since 1943. PA has produced impressive results before and since the financial crisis and is successfully delivering on an ambitious growth strategy across Europe, the Americas and the Middle East. The partnership with Carlyle will enable PA to build on this success and to accelerate its growth plan through geographic expansion and the acquisition of consultant teams and smaller firms. Importantly, the investment will allow PA to retain independence, alongside current culture, brand and values. The continued share ownership by PA employees is a key feature of the transaction. Capital for this investment will come from Carlyle Europe Partners IV (CEP IV), a European upper-mid market buyout fund. CEP IV has made four other investments in European companies as of September 1, 2015. Alan Middleton, CEO of PA Consulting, said, “PA has made the difference for our clients and communities worldwide for over 70 years. Carlyle’s global reach, business connections and M&A experience will support a step-change in our rate of growth and allow us to continue to maintain our independence and track record for high quality innovation and delivery for our clients.” Marcus Agius, Non-Executive Chairman of PA, commented, “Carlyle have an established reputation for building value through developing the investments they make and our discussions have born fruit because the PA team have recognized a cultural affinity between the two groups. Both of us recognize the value of partnership and, in particular, the sharing of value created.” Eric Kump, Managing Director of Carlyle Europe Partners, said, “PA is at the inflection point of a new growth phase, and we are excited to support the leadership’s ambitious plans.” Alex Stirling, Director of Carlyle Europe Partners, “The consulting sector is going through an exciting phase of development. We have long admired PA’s renowned reputation for delivering exceptional results to clients in both public and private sectors, and for scaling world class innovation from its Technology Center in Cambridge. We are delighted Alan and the team have agreed to partner with us and are excited about our future together as we look to grow the business globally.” About PA Consulting Group PA is an employee-owned firm of over 2,500 people, operating globally from offices across North America, Europe, the Nordics, the Gulf and Asia Pacific. Our specific expertise is in energy and utilities, financial services, health, life sciences, consumer and manufacturing, government, defense and security, transport and logistics. Our deep industry knowledge together with skills in management consulting, technology and innovation allows us to challenge conventional thinking and deliver exceptional results with lasting impact. www.paconsulting.com PA Make the Difference case studies http://www.paconsulting.com/case-studies/makingthedifference/ About The Carlyle Group The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $193 billion of assets under management across 128 funds and 159 fund of funds vehicles as of June 30, 2015. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,700 people in 35 offices across six continents. Web: www.carlyle.com Videos: http://www.carlyle.com/news-room/corporate-videos_new Tweets: www.twitter.com/onecarlyle Podcasts: www.carlyle.com/about-carlyle/market-commentary

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Carlyle to buy 51% of PA Consulting

Thomas H. Lee buys majority of Healthcare Staffing Services

Thomas H. Lee Partners LP said Wednesday that it has acquired a majority stake in Healthcare Staffing Services via a recapitalization. Financial terms weren’t announced. Altaris Capital Partners was the seller. Healthcare Staffing provides healthcare staffing including traveling nurses. PRESS RELEASE BOSTON & DENVER–(BUSINESS WIRE)–Thomas H. Lee Partners, L.P. (“THL”), a leading private equity firm, announced today that it has closed the acquisition of a majority stake in Healthcare Staffing Services (“HSS” or the “Company”), in a recapitalization transaction. Terms of the transaction were not disclosed. HSS is a leading healthcare staffing firm in the United States. It specializes in providing nationwide “rapid response” nurse staffing services to healthcare facilities that have urgent needs for qualified nurses, generally for multiple weeks at a time. The recapitalization will ensure HSS has the resources it needs to build on its proven platform, continue its strong momentum, and execute on its strategic growth objectives. HSS will also draw heavily from THL’s extensive experience in the healthcare space to further extend its leadership in the rapid response nurse staffing industry. The Company will retain its corporate headquarters in Denver, CO. “With this investment we will have the scale and resources to accelerate our growth and further expand our platform,” said Ray Marcy, Executive Chairman of HSS. “As we continue to evaluate and pursue new opportunities, both strategic and organic, we are very excited to be partnering with THL – a firm with a long and distinguished track record of helping companies grow and succeed in the healthcare space. As the healthcare industry continues to evolve, HSS’ unique nurse staffing services model is helping hospitals address one of their major issues in ensuring the delivery of quality care – a shortage of well-qualified nurses.” “Since 1989, HSS has steadily grown into a leader in providing world-class healthcare staffing services through its unique and distinguished Rapid Response? travel nurse staffing model,” said Allison Beer, Chief Executive Officer of HSS. “I am proud to work with our highly talented and experienced management team, which is deeply committed to continuing our strong growth as more and more hospitals recognize the need for the ‘just in time’ deployment of specialized nurses that HSS is uniquely positioned to deliver.” “We are very excited to be partnering with HSS, a clear market leader in the nursing industry,” said Joshua Nelson, Managing Director at Thomas H. Lee Partners. “We are looking forward to working closely with Ray and Allison and the talented management team at HSS to further enhance its leadership position and capture this growing opportunity.” About Thomas H. Lee Partners Thomas H. Lee Partners, L.P. (“THL”) is one of the world’s oldest and most experienced private equity firms. The firm invests in growth-oriented businesses, headquartered principally in North America, across three broad sectors: Consumer & Healthcare, Media & Information Services, and Business & Financial Services. Since its founding in 1974, THL has raised over $20 billion of equity capital and invested in more than 130 businesses with an aggregate purchase price of more than $150 billion. THL strives to build great companies of lasting value and generate superior investment returns. For more information, please visit www.thl.com. About Healthcare Staffing Services Healthcare Staffing Services (HSS) is a complete healthcare staffing solution with expertise in supplying travel nurses on an urgent and crucial basis throughout the United States. Since 1989, the subsidiary companies of HSS have been providing quality healthcare services and professionals to facilities across the nation. Contacts

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Thomas H. Lee buys majority of Healthcare Staffing Services