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Importantly, this strong performance flows through to our bottom line as we reach an inflection point in our operating leverage earlier than anticipated. We made a strong start into leveraging our existing partnerships with global operators entering the market while expanding ties with local operators seeking additional capabilities.
Linden Capital Partners has held a final close of its second structured capital fund, Linden Structured Capital Fund II LP (SCF II), with $400 million in capital commitments. Lindens earlier structured capital fund closed in July 2011 with $355 million of capital commitments.
Private investment giant Stonepeak has agreed to acquire Boundary Street Capital, a private credit firm with a focus on digital infrastructure, enterprise software, and technology services in the lower middle market.
Main Street Capital (NYSE: MAIN) Q3 2024 Earnings Call Nov 08, 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 third-quarter earnings conference call. Image source: The Motley Fool. You may begin.
Braemont Capital, a relationship-driven investment firm, has invested in TEC Services, a premier provider of essential janitorial and sanitation services to the grocery and food distribution end markets. Duane Morris served as legal counsel to TEC. Kirkland & Ellis LLP served as legal counsel to Braemont.
We're very pleased with Enact's operational strength's capital levels and consistent shareholder distributions. life insurance companies reported an estimated pre-tax loss of $18 million, driven by unfavorable mortality and higher new claims, as well as lower benefit from legal settlements. On a statutory accounting basis, the U.S.
Adapting to and leveraging new technologies has been in our DNA from the start, and generative AI is pushing the pace of technology innovation faster than ever. Ewout will provide further details on our fourth quarter results, our expectations for 2025, and our approach to capital returns in his remarks. Adjusted EBITDA of $1.8
This included a $355 million benefit from legal settlements, which are now materially complete. Since Enact's IPO, Genworth has received $903 million in capital returns, including $289 million in 2024. who can leverage that access to optimize quality care, affordable pricing, and personalized service.
steel import levels; construction activity; demand for finished steel products; the expected capabilities, benefits, and timeline for construction of new facilities; the company's operations; the company's strategic growth plan; legal proceedings; the company's future results of operations; financial measures; and capital spending.
So capital spending is important and likely to remain elevated for the foreseeable future. On top of that, Verizon has more leverage than its closest competitors, which puts it at a spending disadvantage. 3M's legal problems haven't entirely gone away Industrial giant 3M is fighting a number of lawsuits.
PARTNER CONTENT The landscape of venture capital deal sourcing has evolved significantly over the past few years. This shift means that the competition for high-quality deals is intense, while the urgency to deploy capital remains high. The ideal system should: Be designed for private capital (not repurposed from other industries).
Guidehouse, a leading global provider of consulting services to the public sector and commercial markets, entered into a definitive agreement to be acquired by an affiliate of Bain Capital Private Equity (“Bain Capital”) for $5.3bn. Guidehouse has been owned by Veritas Capital since 2018. Capital ("H.I.G.") Read more H.I.G
Without getting too far into the weeds, mortgage REITs like AGNC aim to borrow money at low short-term rates and use this capital to purchase higher-yielding, longer-duration assets, such as mortgage-backed securities (MBS). This leverage also supports the company's juicy payout. PennantPark Floating Rate Capital: 10.8%
Bain Capital-backed Rocket Software, Inc. These tools enable organizations to leverage their core applications and offer flexibility for modernization, allowing them to run applications wherever they choose. RBC Capital Markets, LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Alpha GCC will be owned by the.
and AREX Capital Management, LP and its affiliated investors, who together own or control approximately 30% of the Company’s outstanding shares, have each entered into a voting agreement pursuant to which they have agreed, among other things, to vote their respective shares of common stock of Fiesta in favor of the transaction.
It partly funded those deals with the $355 million sale of its Bayou Ethane Pipeline and $533 million in net proceeds from a legal judgment against Energy Transfer relating to its failed acquisition of Williams in 2016. As that slide shows, Williams has a long list of capital projects currently underway to fuel growth through 2028.
(Nasdaq: CNSL) (“Consolidated Communications” or the “Company”), a top 10 fiber provider in the United States, today announced that it has entered into a definitive agreement (the “Agreement”) to be acquired by affiliates of Searchlight Capital Partners, L.P. Source: Businesswire Can’t stop reading?
We will continue to leverage our digital conveniences to drive member loyalty in the future. Our capital allocation strategy is consistent with our historical framework as we continue to take a disciplined approach to maximizing shareholder value. Membership fee income, or MFI, grew 7.9% Moving on to SG&A. A few reminders.
We also continued to drive significant demand in our portfolio from new legal drinking age consumers and are pleased to have had a higher proportion of our dollar sales this year coming from 21 to 24 year olds as they have made more trips to the store and spend more on each trip across our brands. We maintained a 2.9
Charlotte-based private equity firm Falfurrias Management Partners (Falfurrias) has closed its latest middle-market private equity fund, Falfurrias Capital Partners VI, at $1.35bn in investor commitments, surpassing its initial target. Falfurrias Capital Partners V, raised in 2021, closed at $850m.
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?
StructureFlow, a London, UK-based legal technology startup, raised $6M in Series A funding. The round, which brought the total amount to $15M, was led by FINTOP Capital, with follow-on investment from Venrex, part of Select Equity Group, a US asset management fund.
Capital One Financial (NYSE: COF) Q1 2024 Earnings Call Apr 25, 2024 , 5:00 p.m. Welcome to the Capital One Q1 2024 earnings call. To access the call on the internet, please log on to Capital One's website at capitalone.com and follow the links from there. Should you invest $1,000 in Capital One Financial right now?
Operating a telecommunications business requires a huge amount of capital investment. Verizon's leverage, however, is higher than that of its two main competitors. Verizon's leverage has fallen dramatically over the past decade, so it is moving in the right direction on this front. The yield is an attractive 6.5%.
Flow-through will normalize from here as we gain leverage on this increase in GPU costs. billion on our shares at a weighted average price of approximately $83 per share, illustrating the commitment we've communicated to drive shareholder value through prudent capital allocation and an investment in our own shares. In the ecosystem.
Carlyle will provide growth capital to the firm which will be used to pursue strategic inorganic growth opportunities. CAPTRUST added its first institutional capital partner , leading private equity firm GTCR , in 2020 to support its strategic plans to further expand the business nationally, at a valuation of $1.25bn.
Given our continued progress on deleveraging, we have additional flexibility in our capital allocation choices. We remain disciplined with our capital allocation decisions, which we are dynamically balancing to maximize long-term value creation. What do we aim to do with our capital allocation choices. It's twice as much.
Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, has completed a single-asset secondary market transaction to continue its partnership with Gurobi Optimization (Gurobi), a provider of mathematical optimisation software. Sidley Austin served as legal counsel to Gurobi.
Leveraging over 50 years of extensive offshore logistics experience, we look forward to working closely with Andy and the team at Endless to further build on our growth during this exciting period for the energy industry.” “We have a great team, and I am looking forward to leading ASCO on the next chapter.”
We are very pleased with Enact's continued strong operating performance, capital levels, and shareholder distributions. Since Enact's IPO, Genworth has received approximately $675 million in capital from Enact, including $61 million in the first quarter. On a statutory accounting basis, the U.S. Complete statutory results for our U.S.
. “We’ve grown BlueMatrix into the global market leader in end-to-end investment research and publishing solutions, with customers across 70 countries, and are excited to accelerate our strong momentum with capital, operational and strategic support from Thoma Bravo,” said Patricia Horotan , CEO of BlueMatrix.
New Product Development and Investment Collaboration : Ares and Vinci will explore launching co-branded products and investment strategies that leverage each platform’s unique capabilities. Jefferies acted as exclusive financial advisor to Vinci, and Davis Polk & Wardwell LLP served as legal counsel.
million common shares, representing approximately 8% of the total fully-diluted share capital. Global Blue intends to use the primary proceeds to reduce its debt balance, in pursuit of its long-term target of net leverage of less than 2.5x Tencent has agreed to invest $100m in Global Blue common equity at a price of $5.50
Joining me on today's call are Alex Karp, chief executive officer; Shyam Sankar, chief technology officer; Dave Glazer, chief financial officer; and Ryan Taylor, chief revenue officer and chief legal officer. We continue to capitalize on targeted growth opportunities in Asia, the Middle East, and beyond. commercial.
Elliot-Taylor’s appointment follows those of Vlado Spasov as Head of Capital Solutions in April; Roscoe Roman as Senior Investment Manager for EMEA Alternative Credit in March; and Dan Robinson as EMEA Head of Alternative Credit last November. Previously, he was an analyst at Legal & General.
Together with Blackstone, we look forward to partnering with David and the executive team, leveraging our experience in scaling transformative enterprise software companies to further accelerate innovation and customer value.” This investment is the latest in a series demonstrating Blackstone’s conviction in the energy transition.”
Earlier in the year, we spun off our healthcare business group as Solventum, and we settled two significant legal matters. This is just a start as our goal is to get to 75 days, freeing up cash for our capital deployment priorities, which include returning cash to shareholders. 2024 was a pivotal year for 3M. Last year, we returned $3.8
As part of the transaction, BBDE will enter a long-term strategic sale and servicing arrangement with Blackstone, retain the legal title for the credit card accounts and continue to service them for a fee. Blackstone’s investment will be made entirely on behalf of the firm’s insurance clients.
In Phillips 66's reconciliation of consolidated earnings, the company noted a whopping $605 million in legal accrual expenses, with the footnote saying the legal accrual is "primarily related to ongoing litigation." Phillips 66 is taking necessary measures to lower its leverage and improve its cost structure.
GOF data by YCharts As a closed-end fund , it's allowed to fund distributions by returning capital. The fund makes up the difference by returning capital to investors, which puts pressure on NAV and is part of why its NAV has declined. The first issue involves two legal situations 3M is involved in. times to just 4.3
The telecom giant has produced $18 billion in cash flow from operations through the first half of this year, enough to fund its capital expenditures ($10.1 Free cash flow after capital expenses improved by $800 million compared to the year-ago period. times leverage ratio (down from 2.7 billion) and dividend outlay ($5.5
” Kirkland & Ellis LLP served as legal advisor to Thoma Bravo. Leveraging Thoma Bravo’s deep sector expertise and strategic and operational capabilities, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives.
I certainly don't mind Twilio's approach if it means generating significant operating leverage, especially in today's market, when interest rates are high and capital is increasingly difficult to raise for yet-to-be-profitable tech stocks.
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