Holland & Knight

Charlesbank Capital Partners Announces the Formation of Kleer-Membersy, Combining the Nation’s Two Largest Tech-Driven Dental Membership Plans

Retrieved on:

화요일, 5월 7, 2024

Dental care, Dentistry, Dentist, Charlesbank Capital Partners, Patient, Acquisition, Holland & Knight, Marketing, Growth

BOSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm with offices in Boston and New York, today announced the formation of Kleer-Membersy (or the “Company”).

Key Points:

BOSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm with offices in Boston and New York, today announced the formation of Kleer-Membersy (or the “Company”).
The new Company was formed through the acquisition and merger of Kleer and Membersy , the nation’s two largest providers of technology-driven dental membership plans.
By bringing these companies together, we fully expect to enhance their ability to serve dental practices and patients nationwide."
For Charlesbank, OM Partners served as the financial advisor, and Goodwin acted as legal advisor.

Technology-Enabled Professional Services Firm Sikich Secures $250 Million Minority Growth Investment from Bain Capital

Retrieved on:

목요일, 5월 9, 2024

Professional Services, Finance, Fintech, Asset Management, Consulting, Accounting, Organization, LLP, Bain Capital, Kirkland & Ellis, Rudy Sikich, Growth, Holland & Knight, Partner

Sikich LLC, a global technology-enabled professional services company, today announced it has received a minority growth investment of $250 million from Bain Capital.

Key Points:

Sikich LLC, a global technology-enabled professional services company, today announced it has received a minority growth investment of $250 million from Bain Capital.
This investment positions Sikich to leverage Bain Capital’s deep resources while accelerating continued and aggressive growth, enhancing operational excellence and cementing its professional services leadership position in an industry undergoing rapid consolidation.
Sikich maintains majority control of the company and its existing executive and leadership teams, led by Chief Executive Officer, Christopher Geier.
Kirkland & Ellis LLP and Hunton Andrews Kurth LLP acted as legal advisors for Bain Capital.

Kalamata.com Closes Securitization of Up to $500 Million to Provide Financing for Small Businesses

Retrieved on:

목요일, 5월 2, 2024

Finance, Banking, Professional Services, Small Business, Fintech, Holland & Knight, Luigi, KBRA, FICO, Small business, Guggenheim Partners, Record, Growth, Bank

The transaction, which closed on April 9, 2024, involved the issuance of two classes of notes initially totaling $80 million, and expandable up to $500 million.

Key Points:

The transaction, which closed on April 9, 2024, involved the issuance of two classes of notes initially totaling $80 million, and expandable up to $500 million.
This milestone is a significant achievement for Kalamata, with KBRA assigning an investment grade “BBB” credit rating to the senior notes.
The weighted average credit score of the small business owners, annualized revenue, and time in business in the initial pool is 716, $5.8 million, and 12 years, respectively.
Kalamata’s transaction comes at a critical time for small businesses because, unfortunately, recent regional bank troubles have led to an even greater retrenchment of traditional banks’ lending to small businesses.

Verit Advisors® Employees to Present at NCEO Conference

Retrieved on:

수요일, 4월 17, 2024

Education, Process, KeyBank, LLP, Intersection, Performance, Advisory board, Conference, ESCA, NCEO, Engineering, ESOP, Employee stock ownership, Holland & Knight, Mergers and acquisitions, Most, Woman, Strategic planning, Management

Chicago, IL, April 17, 2024 (GLOBE NEWSWIRE) -- Mary Josephs and Jake Cravens of Verit Advisors® will present at the 2024 Annual Employee Ownership Conference in Tampa, Florida April 29 through May 1, 2024 hosted by the National Center for Employee Ownership (NCEO) .

Key Points:

Chicago, IL, April 17, 2024 (GLOBE NEWSWIRE) -- Mary Josephs and Jake Cravens of Verit Advisors® will present at the 2024 Annual Employee Ownership Conference in Tampa, Florida April 29 through May 1, 2024 hosted by the National Center for Employee Ownership (NCEO) .
This conference provides education about best practices and industry trends in employee ownership.
Jake Cravens, Managing Director, Verit Advisors®, will be the session leader for “Successfully Raising Financing for an ESOP” on Tuesday, April 30 at 10:00 AM.
The presentations made to lenders play a fundamental role in launching the business and ensuring the ESOP's long-term success.

Contango Announces Acquisition of HighGold

Retrieved on:

목요일, 5월 2, 2024

Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock (each whole share, a “Contango Share”) (the “Exchange Ratio”) based on the respective volume weighted average price (“VWAP”) of Contango for the five-day period ending on May 1, 2024.

Key Points:

Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock (each whole share, a “Contango Share”) (the “Exchange Ratio”) based on the respective volume weighted average price (“VWAP”) of Contango for the five-day period ending on May 1, 2024.
Upon completion of the Transaction, existing Contango shareholders will own approximately 85% and HighGold shareholders will own approximately 15% of the combined company3.
In connection with the Transaction, Contango will grant to HighGold the right to appoint one (1) director to its board of directors.
Participants may join the webcast using the following call-in details: Contango ORE Announces Acquisition of HighGold (6ix.com)
Creation of a leading Alaskan gold company with a low-risk and properly sequenced portfolio – Manh Choh is Alaska’s next gold mine with first gold pour expected in the second half of 2024.

Urological Services Has Joined Solaris Health

Retrieved on:

수요일, 5월 1, 2024

Hospitals, General Health, Health, Practice Management, Holland & Knight, Patient, Lee Equity Partners, Trust

Solaris Health Holdings announced today that Urological Services, of Flint, MI, has joined as an affiliate.

Key Points:

Solaris Health Holdings announced today that Urological Services, of Flint, MI, has joined as an affiliate.
Urological Services brings to Solaris the skills and talents of 10 providers who care for over 18,000 unique patients each year.
“Partnering with Solaris will expand our capacity to offer a full suite of urologic services, while preserving our autonomy,” said Dr. Jason Evans, Market President at Urological Services.
Holland & Knight LLP served as legal counsel to Solaris on the Urological Services deal.

H.I.G. Capital Completes Acquisition of USA DeBusk

Retrieved on:

수요일, 5월 1, 2024

"), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of USA DeBusk, LLC (“USA DeBusk” or the “Company”), a leading national provider of mission-critical industrial cleaning and infrastructure maintenance services.

Key Points:

"), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of USA DeBusk, LLC (“USA DeBusk” or the “Company”), a leading national provider of mission-critical industrial cleaning and infrastructure maintenance services.
USA DeBusk’s executive team, led by CEO Andrew DeBusk, will continue to lead the Company and remain significant shareholders.
Headquartered in Deer Park, TX, USA DeBusk operates from a network of 39 offices across the United States and employs over 2,500 full-time employees.
Andrew DeBusk, CEO of USA DeBusk, said, “We are excited to partner with H.I.G.

Voto Latino Announces Honorees for 16th Annual Our Voices Celebration

Retrieved on:

화요일, 4월 23, 2024

Voto Latino, the leading civic engagement organization focused on educating and empowering a new generation of Latino voters, announced today the honorees for the 16th annual “Our Voices: Celebrating Diversity in Media” reception.

Key Points:

Voto Latino, the leading civic engagement organization focused on educating and empowering a new generation of Latino voters, announced today the honorees for the 16th annual “Our Voices: Celebrating Diversity in Media” reception.
Actor, producer, and activist Wilson Cruz will receive the Trailblazer award for his groundbreaking 30-year career in the entertainment industry.
Congratulations to Cesar and Wilson.”
Our Voices will be held on Friday, April 26 in Washington D.C. in conjunction with the White House Correspondents' Dinner Weekend.
The event will be hosted by Voto Latino Co-founder Rosario Dawson and Voto Latino Founding President and CEO María Teresa Kumar.

Raft Receives Significant Growth Investment from Washington Harbour Partners

Retrieved on:

수요일, 4월 10, 2024

Washington Harbour Partners LP (“Washington Harbour”), a leading private investment firm specializing in partnering with founders and management teams on unlocking their next phase of growth, announced today that it has made an over $60 million strategic growth investment in Raft LLC (“Raft”).

Key Points:

Washington Harbour Partners LP (“Washington Harbour”), a leading private investment firm specializing in partnering with founders and management teams on unlocking their next phase of growth, announced today that it has made an over $60 million strategic growth investment in Raft LLC (“Raft”).
“We are thrilled to have the opportunity to partner with Shubhi and her team at Raft to help continue their incredible growth journey,” said Mina Faltas, Founder & Chief Investment Officer of Washington Harbour.
Raft will continue to be led by Founder & CEO, Shubhi Mishra, who remains a significant shareholder in the Company.
Washington Harbour was advised by Morrison & Foerster on legal matters and PwC on financial.

Leading Financial Services Trade Organizations Challenge Colorado’s Interest-Rate Caps on Out-of-State Banks

Retrieved on:

월요일, 3월 25, 2024

Three leading trade organizations for the financial services industry filed a lawsuit in federal court today, challenging a new Colorado statute that violates federal law by imposing interest-rate and fee caps on loans made to Colorado residents by state-chartered banks, including banks outside Colorado.

Key Points:

Three leading trade organizations for the financial services industry filed a lawsuit in federal court today, challenging a new Colorado statute that violates federal law by imposing interest-rate and fee caps on loans made to Colorado residents by state-chartered banks, including banks outside Colorado.
Plaintiffs in the case are three trade associations: The National Association of Industrial Bankers; the American Financial Services Association; and the American Fintech Council.
With the caps imposed by HB 23-1229, plaintiffs’ members will no longer be able to offer these mainstream products to higher-risk Colorado consumers.
“Because the law’s interest rate caps apply only to state-chartered banks, national banks will be able to continue charging the rates permitted under federal rules.