Davidson Kempner Capital Management

Alta Partners with Davidson Kempner to Enhance Investor Access to Multi-Strategy and Asset-Based Lending Strategies

Retrieved on: 
Dienstag, Mai 28, 2024
Davidson Kempner Capital Management, Partnership, Scenic, AUM, Income Insurance, Growth, Bloomberg

Ltd. (Alta), Asia's leading digital securities exchange for alternative assets, has partnered with global investment management firm Davidson Kempner Capital Management LP (Davidson Kempner) to enhance access to the firm's strategies.

Key Points: 
  • Ltd. (Alta), Asia's leading digital securities exchange for alternative assets, has partnered with global investment management firm Davidson Kempner Capital Management LP (Davidson Kempner) to enhance access to the firm's strategies.
  • "Alta is proud to partner with Davidson Kempner to bring industry-leading opportunities to our investor community.
  • In response to this surge, Alta has teamed up with global investment firms with unique access to opportunities.
  • Our partnership with Alta marks an important step forward in catering to the growing investor demand in Asia for multi-strategy and asset-based lending strategies."

TPG Rise Climate to Acquire Olympus Terminals, Leading Renewable Fuels Logistics Provider

Retrieved on: 
Dienstag, Mai 7, 2024
Other Transport, Environment, Maritime, Other Energy, Transport, Alternative Energy, Sustainability, Energy, Logistics, Supply Chain Management, Climate, TPG, Kirkland & Ellis, Growth, Davidson Kempner Capital Management, Jefferies Group, Port, Renewable energy

TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, today announced that it has signed a definitive agreement to acquire Olympus Terminals (“Olympus”), a leading independent storage provider for renewable fuels and refined products in Southern California, majority owned by an affiliated investment fund of Davidson Kempner Capital Management LP and an affiliated investment fund of Intrepid Investment Management, LLC.

Key Points: 
  • TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, today announced that it has signed a definitive agreement to acquire Olympus Terminals (“Olympus”), a leading independent storage provider for renewable fuels and refined products in Southern California, majority owned by an affiliated investment fund of Davidson Kempner Capital Management LP and an affiliated investment fund of Intrepid Investment Management, LLC.
  • The transaction will advance TPG Rise Climate’s efforts to reduce transportation-related greenhouse gas emissions by facilitating the import, storage, and distribution of renewable fuels in Southern California and accelerating California’s transition from conventional diesel to renewable diesel (RD).
  • “Olympus’ assets and operations are central to the sustainable fuels ecosystem, and we look forward to partnering with their management team.”
    The company’s assets play a key role in the renewable diesel value chain in California.
  • Jefferies LLC served as financial advisor and Kirkland & Ellis served as legal counsel to TPG.

INSTANT Intelligence, Inc. Names Rob Melnyk as Executive Vice President, Financial Services

Retrieved on: 
Freitag, April 26, 2024
Data Management, Supply Chain Management, Technology, Professional Services, Other Technology, Retail, Data Analytics, Software, Internet, Fintech, Finance, Cloud, Organization, AMZN, Executive, Davidson Kempner Capital Management, Treasury, Google Cloud, Marketing, History, Growth, GOOG, Knowledge, Culture, Intelligence, UST, MSFT, Financial services, Forecasting, Foreign exchange market, Performance management, FedNow, Supply chain, AWS, Human, IBM, Strategic planning, Management

INSTANT® , a leading data automation and generative technology company specializing in real-time business intelligence for global enterprises and financial institutions, is delighted to announce the appointment of Rob Melnyk as Executive Vice President, Financial Services.

Key Points: 
  • INSTANT® , a leading data automation and generative technology company specializing in real-time business intelligence for global enterprises and financial institutions, is delighted to announce the appointment of Rob Melnyk as Executive Vice President, Financial Services.
  • As Executive Vice President, Financial Services, Rob will spearhead efforts to refine the INSTANT Platform for Financial Services, assist with the product delivery sales process, drive strategic planning, and lead cross-organizational initiatives to achieve INSTANT's ambitious growth targets.
  • "We are thrilled to welcome Rob Melnyk as our Executive Vice President, Financial Services," said Michael McMackin, Chief Executive Officer.
  • The INSTANT Platform represents three distinct areas of operation: financial services, supply chain, and customer insights.

Upchurch Companies Sells Stake to Davidson Kempner and Broadwing Capital

Retrieved on: 
Mittwoch, März 27, 2024
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, Building Systems, Asset Management, Growth, Partnership, UPI, School, Hospital, Davidson Kempner Capital Management, Family, Financial services

Davidson Kempner Capital Management LP (“Davidson Kempner”), a global investment management firm, in partnership with Broadwing Capital Management LLC (“Broadwing”), a private equity firm focused on family- and founder- owned companies in the manufacturing and services sectors, today announced a strategic growth investment in Upchurch Companies (“Upchurch”).

Key Points: 
  • Davidson Kempner Capital Management LP (“Davidson Kempner”), a global investment management firm, in partnership with Broadwing Capital Management LLC (“Broadwing”), a private equity firm focused on family- and founder- owned companies in the manufacturing and services sectors, today announced a strategic growth investment in Upchurch Companies (“Upchurch”).
  • We’re thrilled to make Upchurch the second investment in Broadwing Capital Fund I LP, and we’re grateful that the Upchurch family trusts Broadwing and Davidson Kempner to build on the company’s strong legacy.”
    Upchurch Vice President Mike Upchurch added, “As a multi-generational family-owned business, we remain committed to staying true to our heritage and maintaining the Upchurch way of doing business.
  • We believe that Davidson Kempner and Broadwing share our vision and are the right partners to help us achieve our growth goals while sustaining our core values and company culture.
  • Horne Capital served as exclusive financial advisor to Upchurch.

Ashland Place Wins "Structured Finance Deal of the Year" Award from Airline Economics

Retrieved on: 
Dienstag, Februar 6, 2024
Davidson Kempner Capital Management, Aviation, Villa, ABS, KBRA, Creativity, Aircraft, Economics, APL, Airline

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced that it has received the "Structured Finance Deal of the Year" award by Airline Economics, the leading and largest finance and leasing global publication for the aviation sector. As part of the publication's annual Aviation 100 Global Leaders Awards, this selection recognized Ashland Place's first aviation loan asset-backed securitization (ABS), APL Finance 2023-1.

Key Points: 
  • NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced that it has received the "Structured Finance Deal of the Year" award by Airline Economics, the leading and largest finance and leasing global publication for the aviation sector.
  • As part of the publication's annual Aviation 100 Global Leaders Awards , this selection recognized Ashland Place's first aviation loan asset-backed securitization (ABS), APL Finance 2023-1.
  • Jennifer Villa, Executive Director & Group Head at Ashland Place, and Gregory Feldman, Partner at Davidson Kempner Capital Management LP, accepted the "Structured Finance Deal of the Year" award at a ceremony in Dublin on January 29.
  • "We thank Airline Economics for establishing an awards program that spotlights and celebrates all the innovation and creativity across the aviation sector.

Travelport Completes New Equity Financing

Retrieved on: 
Mittwoch, Januar 3, 2024
Growth, Davidson Kempner Capital Management, Travel, Artificial intelligence, NDC, Elliott Investment Management, Travelport, Security (finance)

LANGLEY, UK, Jan. 3, 2024 /PRNewswire/ -- Travelport (the "Company"), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that it has completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested $570 million in new equity into the Company.

Key Points: 
  • LANGLEY, UK, Jan. 3, 2024 /PRNewswire/ -- Travelport (the "Company"), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that it has completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested $570 million in new equity into the Company.
  • It also positions Travelport to continue investing in its technology platforms and innovating new, exceptional ways for the travel industry to serve its customers.
  • "The completion of Travelport's previously announced financing transaction represents the strong belief our investors have in our competitive position and potential for long-term growth," said Greg Webb, Chief Executive Officer of Travelport.
  • "Our new financing allows us to continue to innovate, enhance and deliver the best-in-class technology our partners have come to expect from us.

Biora Therapeutics Accelerates Debt Reduction and Raises Capital with Large Institutional Investors

Retrieved on: 
Montag, Dezember 18, 2023
Gibson Dunn, Highbridge Capital Management, Ropes & Gray, Davidson Kempner Capital Management, SAN, Therapy, King & Spalding, Serri, Sardinia, Security (finance)

SAN DIEGO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Biora Therapeutics, Inc. (Nasdaq: BIOR), the biotech company that is reimagining therapeutic delivery, today announced an agreement with institutional investors Athyrium Capital Management, Davidson Kempner Capital Management, and Highbridge Capital Management to reduce the company’s net debt by 60% through a convertible note exchange which also brings $16.7 million in new capital.

Key Points: 
  • SAN DIEGO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Biora Therapeutics, Inc. (Nasdaq: BIOR), the biotech company that is reimagining therapeutic delivery, today announced an agreement with institutional investors Athyrium Capital Management, Davidson Kempner Capital Management, and Highbridge Capital Management to reduce the company’s net debt by 60% through a convertible note exchange which also brings $16.7 million in new capital.
  • Between the note exchange implemented in September and today’s transaction, we achieved a 75% overall reduction in net debt.
  • This represents substantial progress toward our goal to optimize our capital structure to align with the current company profile,” said Eric d’Esparbes, Chief Financial Officer of Biora Therapeutics.
  • “The additional capital investment from three established institutional investors demonstrates continued support for our innovative technologies.

KBRA Assigns Preliminary Ratings to APL Finance 2023-1 Designated Activity Company

Retrieved on: 
Freitag, Dezember 8, 2023
Professional Services, Finance, Aircraft, Note, KBRA, Facility, Asset, Davidson Kempner Capital Management, ABS, APL, Telescopic sight

KBRA assigns preliminary ratings to four series of notes issued by APL Finance 2023-1 Designated Activity Company and APL Finance 2023-1 LLC (together, Ashland 2023-1), an aviation loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four series of notes issued by APL Finance 2023-1 Designated Activity Company and APL Finance 2023-1 LLC (together, Ashland 2023-1), an aviation loan ABS transaction.
  • Ashland 2023-1 represents the inaugural aviation loan ABS transaction that is sponsored and serviced by Ashland Place Finance LLC (APL or the Company).
  • The Company is owned by Davidson Kempner Capital Management LP (DKCM), and, together with DKCM, is comprised of over 500 individuals operating out of seven offices with headquarters in New York City.
  • Proceeds from the Notes will be used to acquire a portfolio of 11 loan facilities (the Facilities) comprised of 26 loans (the Assets, and together with the Facilities, the Portfolio).

Travelport Investors Commit $570 Million in New Equity Financing to Bolster Capital Structure and Accelerate Long-Term Growth and Innovation

Retrieved on: 
Montag, Dezember 4, 2023
NDC, Acquisition, Transaction, Investment, Davidson Kempner Capital Management, Machine learning, Elliott Investment Management, Travel, Travelport

LANGLEY, United Kingdom, Dec. 4, 2023 /PRNewswire/ -- Travelport Worldwide Limited ("Travelport" or the "Company"), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that a group of its existing equity holders and lenders have agreed to invest $570 million of new equity financing into the Company. The new financing will give Travelport a robust capital structure, enable further investment into Travelport's technology platforms and pave the way for other innovations to deliver new and exceptional ways for the travel industry to serve customers.

Key Points: 
  • The new financing will give Travelport a robust capital structure, enable further investment into Travelport's technology platforms and pave the way for other innovations to deliver new and exceptional ways for the travel industry to serve customers.
  • The new investment in Travelport is being made pursuant to an agreement that will significantly deleverage and strengthen the Company's balance sheet (the "Transaction").
  • Following completion of the Transaction, Travelport will have a new ownership structure composed of Travelport's existing equity and credit investors, including Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners, Siris Capital and other leading institutional investors.
  • "This investment demonstrates our investors' support for Travelport and will advance our mission to reinvent a better future for the travel industry," said Greg Webb, Chief Executive Officer of Travelport.

LendingClub Bank Crosses $1 Billion Personal Loans Sold Through Its Structured Loan Certificates Program

Retrieved on: 
Donnerstag, November 9, 2023
NYSE, LendingClub, LC, J.P. Morgan & Co., Davidson Kempner Capital Management, Security (finance), Bank

SAN FRANCISCO, Nov. 9, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, today announced it crossed $1 billion of personal loans sold through its Structured Loan Certificates Program ("SLCLC Program"). The company anticipates approximately $2 billion dollars of loan volume through the SLCLC Program over the next 6 months as it continues to scale. 

Key Points: 
  • Davidson Kempner Capital Management LP, Atalaya Capital Management, Nelnet, Inc. and Värde Partners Join Growing list of Marketplace Loan Investors Seeking Competitive Yield
    SAN FRANCISCO, Nov. 9, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, today announced it crossed $1 billion of personal loans sold through its Structured Loan Certificates Program ("SLCLC Program").
  • LendingClub's Structured Loan Certificates Program is a two-tranche private securitization in which LendingClub retains the senior note and sells the residual certificate on a pool of loans to a marketplace investor at a predetermined price, effectively providing built-in financing.
  • This structure, developed by LendingClub and enabled by its marketplace bank model, delivers a transaction that benefits both marketplace investors and LendingClub.
  • "The Structured Loan Certificates program provides us both efficient leverage and scalable access to personal loans from a provider of choice in the asset class.