Fortress Investment Group

Mark Toby Joins 4Pines Fund Services LLC

Retrieved on: 
Mardi, mai 7, 2024
CFO, Investment, Fortress Investment Group, Partnership, Gen, AUA, Assistant, Growth, Moore Capital Management

STAMFORD, Conn., May 7, 2024 /PRNewswire/ -- 4Pines Fund Services announced today Mark Toby has joined as a Principal.

Key Points: 
  • STAMFORD, Conn., May 7, 2024 /PRNewswire/ -- 4Pines Fund Services announced today Mark Toby has joined as a Principal.
  • "4Pines Fund Services is dedicated to providing premium service, aided by extensive private capital experience, industry leading technology solutions, and a collaborative partnership approach that separates us from other fund administrators," said Toby.
  • He served as a Principal at Gen II Fund Services and as Managing Director at Ophedge Investment Services, a $40 billion AuA fund administrator that was acquired by Citco Fund Services where he served in a similar capacity.
  • "Mark's addition is further confirmation that we offer the best talent for client-focused strategic services," said Mike Trinkaus, CEO of 4Pines.

Pelthos Therapeutics Establishes Board of Directors

Retrieved on: 
Mardi, avril 16, 2024
Biotechnology, Pharmaceutical, Health, LLP, Salix Pharmaceuticals, MedImmune, Fortress Investment Group, Commercial, Abbott Laboratories, IPO, Senior, Sucampo Pharmaceuticals, Patient, GSK plc, Medicine, Marketing, Therapy, AstraZeneca, Pharmaceutical industry

Pelthos Therapeutics (Pelthos), a biopharmaceutical company committed to commercializing innovative, safe, and efficacious therapeutic products to help patients with unmet treatment burdens, today announced it has appointed five seasoned industry professionals to serve on its Board of Directors.

Key Points: 
  • Pelthos Therapeutics (Pelthos), a biopharmaceutical company committed to commercializing innovative, safe, and efficacious therapeutic products to help patients with unmet treatment burdens, today announced it has appointed five seasoned industry professionals to serve on its Board of Directors.
  • “These directors bring deep operational, clinical and commercialization experience to Pelthos as we approach an important inflection point,” said Scott Plesha, CEO of Pelthos.
  • He is also a member of the Board of Directors at Soleno Therapeutics and Amplo Biotechnology.
  • In addition, Mr. Pauls previously served as Chair of the Board of Directors of Mast Therapeutics and was a member of the Board of Directors of Zyla Life Sciences.

MRC Global Announces Agreement with Engine Capital and Appointment of Daniel Silvers to the Board of Directors

Retrieved on: 
Mardi, avril 2, 2024
International Game Technology, Growth, Biophysical environment, Fortress Investment Group, LLP, Acquisition, MRC, University, Daniel, REIT, Bear, PVF, Universal Health Services, Corporate governance, Management

Mr. Silvers’ appointment is made in conjunction with a cooperation agreement that the Company has reached with Engine Capital, L.P. (“Engine”).

Key Points: 
  • Mr. Silvers’ appointment is made in conjunction with a cooperation agreement that the Company has reached with Engine Capital, L.P. (“Engine”).
  • Robert Wood, MRC Global’s Chairman of the Board, said, “We are pleased to welcome Daniel to the Board following continued constructive engagement with Engine and as part of the Board’s ongoing refreshment program.
  • Additionally, Mr. Silvers has served as Executive Chairman of Winventory, Inc., a tech-enabled event ticketing management partner, since January 2024.
  • From 2005 to 2009, Mr. Silvers served as a Vice President at Fortress Investment Group LLC, a leading global alternative asset manager.

Global Net Lease Appoints Robert Kauffman, Fortress Co-Founder, to Board of Directors

Retrieved on: 
Jeudi, mars 21, 2024
UBS, Fortress Investment Group, Lehman Brothers, BlackRock, GNL, Fortification

NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced the appointment of Robert Kauffman to its Board of Directors, effective immediately.

Key Points: 
  • NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced the appointment of Robert Kauffman to its Board of Directors, effective immediately.
  • Mr. Kauffman is a co-founder of Fortress Investment Group LLC where he was a principal and member of the Board of Directors from its founding in 1998 until 2012.
  • He is currently a successful private investor and entrepreneur active in the financial, real estate, automotive and technology-oriented sectors.
  • “We are thrilled to welcome Rob to our Board of Directors,” stated Sue Perrotty, Non-Executive Chairperson of GNL’s Board of Directors.

Savvy Advisors Welcomes Real Estate Expert David Gottlieb as Newest Wealth Manager

Retrieved on: 
Jeudi, avril 4, 2024
Technology, Construction & Property, Finance, Fintech, Consulting, Other Technology, Professional Services, Software, Asset Management, Residential Building & Real Estate, Growth, Knowledge, Ameriprise Financial, HNW, Thought, Morgan Stanley, Fortress Investment Group, Investment, Gottlieb, Savvy, Marketing, Badminton Association of India, Financial adviser

Savvy Advisors Inc. (“Savvy”), a registered investment advisor (“RIA”) affiliated with Savvy Wealth Inc ., today announced that David Gottlieb has joined the firm as a wealth manager.

Key Points: 
  • Savvy Advisors Inc. (“Savvy”), a registered investment advisor (“RIA”) affiliated with Savvy Wealth Inc ., today announced that David Gottlieb has joined the firm as a wealth manager.
  • Following the recent additions of Aaron Wiegman, Arynton Hardy and Dustin Parsons , Gottlieb marks the 16th advisor to join Savvy.
  • With 20 years of industry experience, Gottlieb comes to Savvy from Prosperity (formerly EisnerAmper Wealth Management) and previously held positions at Ameriprise Financial, Morgan Stanley and Fortress Investment Group.
  • During this time, Gottlieb has advised nearly 75 clients to help them manage their investments across industrial, office, retail and multifamily real estate properties.

Airspan to Receive Up to $95 Million in New Equity Financing and Eliminate All Existing Funded Debt

Retrieved on: 
Dimanche, mars 31, 2024
Technology, Mobile, Wireless, Software, 5G, Networks, Hardware, Agreement, Fortification, Partner (business rank), DIP, LLP, United States bankruptcy court, Bankruptcy, Fortress Investment Group, VRS, Telecommunications, MIMO, Hand, Dorsey & Whitney, Security (finance)

Our significant commitments through this Agreement reflect our conviction that a recapitalized Airspan can further solidify its leadership position within the wireless industry.

Key Points: 
  • Our significant commitments through this Agreement reflect our conviction that a recapitalized Airspan can further solidify its leadership position within the wireless industry.
  • Airspan will operate its business without disruption through this process, safeguarding its commitment to employees, customers, and suppliers.
  • The DIP financing is subject to Court approval and the satisfaction of specified closing conditions.
  • VRS Restructuring Services, LLC is serving as Airspan’s financial advisor and Intrepid Investment Bankers LLC is serving as Airspan’s investment banker.

Engine Nominates Two Highly Qualified Candidates for Election to MRC Global’s Board of Directors at the 2024 Annual Meeting

Retrieved on: 
Mardi, mars 19, 2024
Other Manufacturing, Manufacturing, AOUT, Universal Health Services, Deluxe Corporation, Avid Technology, Executive, UBS, Fortress Investment Group, Mergers and acquisitions, American Outdoor Brands, Sale, Acquisition, MRC, Apax Partners, Capital, Bear, BSC, UHS, Security (finance)

Arnaud Ajdler, Engine’s Founder and Managing Member, commented:

Key Points: 
  • Arnaud Ajdler, Engine’s Founder and Managing Member, commented:
    “Engine has spent months engaging with MRC on its current strategy, capital allocation approach and Board composition.
  • Considering the size of our ownership position and our significant concerns, it is disappointing the Company has resisted working with us.
  • In our view, a Board that owns de minimis stock should not be willing to spend stockholder capital to keep an investor-designee from serving on a nine-member Board.
  • We look forward to engaging with our fellow shareholders on the case for adding stockholder-designees to MRC’s boardroom.

Arkhouse and Brigade Capital Increase Offer to Acquire Macy’s to $24.00 Per Share

Retrieved on: 
Dimanche, mars 3, 2024
Retail, Professional Services, Department Stores, Finance, Acquisition, Jefferies Group, Management, Fortress Investment Group, Sale, LLP, Fortification, Partnership, Security (finance)

Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), today announced it has submitted an increased all-cash proposal to acquire Macy’s (“Macy’s”, or the “Company”) (NYSE: M) for $24.00 per share along with its partner, Brigade Capital Management (“Brigade”).

Key Points: 
  • Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), today announced it has submitted an increased all-cash proposal to acquire Macy’s (“Macy’s”, or the “Company”) (NYSE: M) for $24.00 per share along with its partner, Brigade Capital Management (“Brigade”).
  • Arkhouse and Brigade have also disclosed additional information about their financing, including identifying Fortress Investment Group LLC (“Fortress”) and One Investment Management US (“OneIM”) as equity capital partners for the proposed transaction.
  • After coordinating with our financing sources, we have increased our offer to $24.00 per share in cash.
  • Cadwalader, Wickersham & Taft LLP is serving as legal counsel and Longacre Square Partners is serving as strategic advisor to Arkhouse.

Ligand Pharmaceuticals Expands Senior Leadership Team with Two Key Hires

Retrieved on: 
Vendredi, février 16, 2024
Science, Other Science, Biotechnology, Research, Pharmaceutical, General Health, Health, Clinical Trials, Urology, Senior, ALS, Neuroscience, Immunology, Neuroinflammation, Drug development, MBA, Princeton University, Vaccine, University, Yale University, Fortress Investment Group, Infection, LGND, Harvard Medical School, Harvard Business School, Development, GSK plc, Prostate cancer, Management

Ligand Pharmaceuticals Incorporated (Nasdaq: LGND) today announced it has appointed Richard Baxter to the role of Senior Vice President of Investment Operations, and Karen Reeves, M.D., to Senior Vice President of Clinical Strategy and Investments.

Key Points: 
  • Ligand Pharmaceuticals Incorporated (Nasdaq: LGND) today announced it has appointed Richard Baxter to the role of Senior Vice President of Investment Operations, and Karen Reeves, M.D., to Senior Vice President of Clinical Strategy and Investments.
  • “Rich and Karen strengthen our commercial and clinical bench, better positioning us to capitalize on this exciting period in the life sciences industry,” said Todd Davis, CEO of Ligand.
  • “These appointments are the latest in Ligand’s initiative to enhance and scale our deal capabilities by selectively adding new talent.
  • He also served as co-head of the healthcare team at Hayfin Capital Management LLP, which deployed $1.4 billion in capital over four years.

J.F. Lehman & Company Announces Recent Promotions and New Hires

Retrieved on: 
Jeudi, février 15, 2024
Apollo Global Management, Deutsche Bank, Invesco, Middlebury College, Transport, Associate, Growth, Kelley School of Business, Prudential Financial, Government, Commerce, Rutgers University, University, Morgan Stanley, Business, CAIA, Fortress Investment Group, PSA Airlines, Goldman Sachs, Houlihan Lokey, Economics, Wright State University, Investment, Guggenheim Partners, Credit, Security (finance)

Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce several promotions and new hires.

Key Points: 
  • Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce several promotions and new hires.
  • Promotions effective January 2024 included Nicholas J. Andonian, James G. Dudzik and Jake T. Korek to Senior Associate.
  • "The firm remains committed to proactively onboarding talented professionals to support our continued growth and success," said Louis N. Mintz, Partner.
  • "We anticipate the added depth, fresh perspectives and further enhancement of our functional areas will translate into value across the organization."