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equity stake in Lincoln Financial in a $825m all-cash deal, marking the start of a long-term strategic partnership between the global investment firm and the NYSE-listed life insurance and retirement services provider. Bain Capital has also agreed to certain limitations on divesting its stake. million shares at $44.00
Winston & Strawn LLP acted as legal advisor to Hudson Hill. The post Hudson Hill Capitalinvests in software company MarketTime appeared first on PE Hub.
Silver Oak Services Partners secured a strategic investment for Smile Partners USA through a new continuation fund, with backing from BlackRock Secondaries & Liquidity Solutions and Hollyport Capital. The continuation fund secured additional capital to drive future growth. Can’t stop reading?
Trive Capital held a final and above-target close of its fifth flagship fund, Trive Capital Fund V LP , with total capital commitments of $2.7 billion in capital. Trive Capital was founded in 2012 by Managing Partner Conner Searcy and Partner Chris Zugaro and is headquartered in Dallas.
Aquiline Capital Partners (Aquiline), a private investment firm with over $10bn in AUM, has made a majority investment in PharmaForce, a pharmacy solutions provider to hospitals and health clinics. Legal counsel was provided by Taft and Ropes & Gray to PharmaForce and Aquiline respectively.
VSS Capital Partners (VSS), a private investment firm investing in the healthcare, education, and business services industries, has made a growth capitalinvestment in Lane Four Consulting (Lane Four), a consulting partner for companies using Salesforce to scale operations.
Pamlico Capital has held an above target, hard cap, an oversubscribed final close of Pamlico Capital VI LP (PC VI) with $1.75 billion of capital. billion of capital. billion of capital. UBS Securities was the placement agent for Pamlico and Ropes & Gray provided legal services.
Shore Capital Partners has closed its inaugural Healthcare Advantage Fund , second Business Services Partners Fund (“Business Services Fund II”), and first Shore Search Partners Fund (“Search Fund”). billion in combined capital commitments. The three new funds exceeded their targets and represent over $1.9
Philadelphia-based private equity firm Renovus Capital Partners has closed its first multi-asset $325m continuation fund (Renovus Continuation Fund), bringing its total capital across multiple investment vehicles to over $1.5bn. Jefferies served as financial advisor and DLA Piper served as legal counsel to Renovus.
Verizon has a capital-intensive business Telecom giant Verizon has a much more reliable business than Dow because its cellphone customers create annuity-like revenue as they pay their bills each month. Starting with the complex, 3M is facing material legal and regulatory headwinds today that have already resulted in large costs.
Baird Capital has sold its investment in end-of-life aircraft services provider, ecube Solutions Limited (ecube), to Unical Aviation Inc (Unical), an aftermarket parts supplier to the global aerospace industry backed by Platinum Equity.
To survive this hypercompetitive landscape, some of the country's largest cultivators have decided to diversify their revenue streams to include alcohol, ornamental flowers, vegetables, and even venture capitalinvesting activities. On a positive note, SNDL is extremely well capitalized, despite its inability to turn a profit.
The structural underinvestment in critical minerals over the past decade has resulted in severely discounted valuations for excellent assets and created a massive need for capitalinvestment, as countries transition to more sustainable energy sources,” said Brandon. Source: businesswire Can’t stop reading? (BX)
Godspeed Capital Management (Godspeed Capital), a lower middle-market defence & government services, solutions, and technology focused private equity firm, has sold MOREgroup, family of architecture, design, and engineering brands, to Wind Point Partners. Latham & Watkins served as legal counsel in connection with the sale.
Legal is lumpy. The creation of the fund was charged to the assets of the fund itself, and outside of that, I really don''t have a lot of legal work that needs to be done. When a bigger fund is in a round with me, they''re going to look at the legals, too--so I''m generally fine with whatever they go for. Subtract the $8.3
Philadelphia-based private equity firm Renovus Capital Partners has closed its first multi-asset $325m continuation fund (Renovus Continuation Fund), bringing its total capital across multiple investment vehicles to over $1.5bn. Jefferies served as financial advisor and DLA Piper served as legal counsel to Renovus.
It expects to spend between $70 million and $100 million on capitalinvestments in the second half of the year. The capital raise was necessary, but it will likely end up diluting current shareholders. And yet there's one place where the company is legally bound to be as honest as possible.
Houlihan Lokey served as placement agent, whilst Kirkland & Ellis International served as legal counsel. Read more CVC raises €26bn for its ninth Europe/Americas Private Equity Fund CVC is pleased to announce the successful close of CVC Capital Partners IX (“Fund IX”) at €26. Source: Private Equity News Can’t stop reading?
As part of the transaction, Alto’s latest fund, Alto Capital V, and Arca’s private equity fund, Arca Space Capital, will acquire Eurosirel from the company’s founders, Ernesto and Alberto Leonelli, through an equally owned and managed special-purpose entity. The transaction is expected to close by June.
Victor Capital Partners has held a final, above target, and oversubscribed closing of Victor Capital Partners Fund II LP with $310 million of capital commitments. Fund II will target investing from $25 million to $100 million of equity capital per transaction. million in an all-cash transaction.
BCI announced today a significant minority equity stake in Broadstreet Partners: On April 10, 2025, BroadStreet Partners (the Company) announced that BCI, Ethos Capital, and White Mountains Insurance Group, Ltd. Learn more about this investment in the BroadStreet news release.
Main Street Capital (NYSE: MAIN) Q2 2024 Earnings Call Aug 09, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings and welcome to the Main Street Capital second quarter earnings conference call. Should you invest $1,000 in Main Street Capital right now?
That left it with only $665 million in free cash flow after funding its capital spending ($1.5 The move will save the company $800 million annually, which it can use to fund growth capitalinvestments and repay debt. The main factor causing concern is the company's legal issues. billion to less than $2.3
Returning investor British Business Bank committed £30m to Panoramic’s newest fund as part of the final close, through its wholly-owned commercial subsidiary British Business Investments. Macfarlanes acted as legal adviser to Panoramic. Read more Bain CapitalInvests in Sales Tech Startup Apollo.io
billion in limited partner capital commitments. Alpine plans to invest the capital for Fund IX in control buyouts of software and services businesses with total enterprise values of up to $1 billion and focus on add-on acquisitions for high-performing platform investments. billion and was oversubscribed. Evercore Inc.
Cinven was advised by: JPMorgan (M&A), BCG (Commercial), Perez Llorca (Legal & Labour), KPMG (Financial), Deloitte (Tax) and Aon (Insurance). EW Group was advised by: KPMG (Financial and Tax), and Baker McKenzie (Legal and Labour). Label Investments was advised by: Escala Capital (M&A) and Garrigues (Legal).
Ares Capital (NASDAQ: ARCC) and PennantPark Floating Rate Capital (NYSE: PFLT) are a pair of well-manged business development companies (BDCs) that offer eye-popping dividend yields. Ares Capital The first ultra-high-yield dividend stock investors want to load up on is Ares Capital. in the second quarter.
Operating a telecommunications business requires a huge amount of capitalinvestment. First off, the company is dealing with several legal and regulatory issues that will lead to billions of dollars in legal expenses. It has little choice because it needs the cash that this transaction will create to pay its legal bills.
Schwartz advises companies and private equity and venture capital funds on their capital solution needs, from raising capital to deployment and management.
Verdane Idun II was advised by Rede Partners, an independent fundraising advisor to the private equity industry, with Andulf Advokat AB as legal counsel. Other investors in Idun II include global private and public pension funds, leading university endowments, foundations, insurance companies, and family offices.
After the legal turbulence settled in 2018, the company essentially pivoted again, rebranding itself as Quantum Computing Inc. Developing quantum computing systems requires significant capitalinvestments in research and development, as well as engineering talent. As the name implies, it then focused on beverage distribution.
Our guidance assumes, among other things, that we don't conclude any additional business acquisitions, restructurings or legal settlements. And as a reminder, we spend most of the capital upfront. And we don't spend the capital without very clear signals that we can monetize it this way. We remain very bullish on AWS.
Yin received his Bachelor of Laws from the University of Sydney in 2009, and his Graduate Diploma of Legal Practice from The College of Law in 2010. They also have significant expertise in junior capitalinvestment, including private high-yield and preferred equity financings.
She earned her Bachelor and Master of Arts in Law from St John’s College at the University of Cambridge, and her Postgraduate Diploma in Legal Practice from the York College of Law. She earned her LLB in Laws from the National University of Singapore, and is a member of the Singapore Law Society.
On the flipside, Buffett and his investing lieutenants have been carefully dipping their toes in the water with a handful of companies. Sirius XM operates as a legal monopoly, and it's generated more than 77% of its revenue this year (through Sept. 30) from subscriptions. SU Dividend Per Share (Quarterly) data by YCharts.
This transaction was thoughtfully structured to preserve the strength of Aurora's balance sheet and represents a strategic milestone in Aurora's global cannabis leadership, as we have now become the largest platform in the nationally legal cannabis industry in the world. For capex, we invested approximately $2.8 We have the No.
But Hess is in a partnership with Exxon on a big capitalinvestment in the oil space. Another problem here is that figuring out who's right could lead to material delays and might require some legal wrangling, which would be costly. As in, why is Chevron trailing other integrated energy companies by such a wide margin?
federal legalization. In Germany, our medical cannabis revenue surged by 47% from the first to second quarter, demonstrating the rapidly rising demand in Germany's medical market since legalization and Canopy's positioning as one of the long-term players within that market. In Poland, our revenues grew 200% year over year.
as customers direct their capitalinvestments to AI and accelerated computing. Millions of professionals in legal services, sales, customer support, and education will be available to leverage AI systems trained in their fields. We expect supply to increase each quarter through next year.
I'm pleased to be joined today by our Senior Management team, and I'd like to welcome our new CFO Mark Suchinski, who joined GEO early in July with more than 20 years of senior level executive experience in business management, corporate finance, capital markets, manufacturing and supply chain management. billion and our net leverage below 3.5
Alphabet's dataset here is proprietary, which is why OpenAI (the organization behind ChatGPT) may encounter legal trouble from scraping data from YouTube transcripts to train its own AI. Lastly, Alphabet has the best AI talent in the world and has been investing in AI researchers since acquiring the DeepMind research lab in 2014.
Our guidance assumes, among other things, that we don't conclude any additional business acquisitions, restructurings, or legal settlements. We've also seen improvements in our working capital contributions to free cash flow. Next, let's turn to our capitalinvestments. And now I'll turn the call over to Andy.
We're committed to helping shape the future of Macau as a global tourism destination through our concession commitments with investments being beginning this year. Think of Macau capital will cover a wide range of opportunities, including investments in art and culture, entertainment, and the expansion of our international customer base.
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