Pillsbury Winthrop Shaw Pittman

Ecodrive Awarded $300,000+ in Seed Funding at San Diego Angel Conference VI, with Runner Up Achieve Clinics Securing a $100,000+ Investment

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금요일, 5월 10, 2024

San Diego Angel Conference (SDAC) at the University of San Diego (USD), a program in its sixth year that activates accredited angel investors and engages promising early-stage companies, today awarded two startups with angel funding for their potentially disruptive solutions.

Key Points: 
  • San Diego Angel Conference (SDAC) at the University of San Diego (USD), a program in its sixth year that activates accredited angel investors and engages promising early-stage companies, today awarded two startups with angel funding for their potentially disruptive solutions.
  • View the full release here: https://www.businesswire.com/news/home/20240510917247/en/
    Left to right: Ecodrive Co-Founders Blake Ruschman, Trevor Laudate, and Markus Rommel hold $300,000 investment check from the San Diego Angel Conference at the University of San Diego for their startup that makes sustainability accessible, transparent, and effective.
  • We are incredibly grateful to the San Diego Angel Conference fund for this investment, which will enable us to scale.
  • SDAC partners with 35+ organizations including USD , San Diego State University ( SDSU ), and University of California San Diego ( UCSD ), to drive deal flow and mentor startups.

MediaCo Acquires Estrella Media’s Content and Digital Operations

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목요일, 4월 18, 2024

MediaCo Holding Inc. (Nasdaq: MDIA) (“MediaCo”) today announced that it has acquired all of Estrella Media’s network, content, digital, and commercial operations.

Key Points: 
  • MediaCo Holding Inc. (Nasdaq: MDIA) (“MediaCo”) today announced that it has acquired all of Estrella Media’s network, content, digital, and commercial operations.
  • Among the Estrella Media brands joining MediaCo are the EstrellaTV network and its influential linear and digital video content business, and Estrella Media’s expansive digital channels, including its four FAST channels – EstrellaTV, Estrella News, Cine EstrellaTV, and Estrella Games – and the EstrellaTV app.
  • MediaCo, which operates marquee urban radio stations HOT 97 and WBLS 107.5 in New York City, will be adding Estrella Media’s Spanish-language video, audio, and digital content operations under the same umbrella.
  • In connection with the transaction, three designees of Estrella Broadcasting were added to the Board of Directors of MediaCo.

Barnes & Noble Education Announces Milestone Transactions to Significantly Strengthen Balance Sheet and Advance Industry Leading Services for Institutions and Students

Retrieved on: 
화요일, 4월 16, 2024

The refinanced ABL Facility will meaningfully enhance BNED’s financial flexibility and reduce its annual interest expense.

Key Points: 
  • The refinanced ABL Facility will meaningfully enhance BNED’s financial flexibility and reduce its annual interest expense.
  • Additional information regarding the Transactions can be found in the Form 8-K to be filed with the SEC.
  • Paul Hastings LLP is serving as legal advisor and Houlihan Lokey, Inc. and Berkeley Research Group, LLC are serving as financial advisors to BNED.
  • Pillsbury Winthrop Shaw Pittman LLP is serving as legal advisor and BTIG LLC is serving as financial advisor to Immersion Corporation.

Blue Owl Capital Expands into Real Estate Finance with Acquisition of Prima Capital Advisors

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화요일, 4월 9, 2024

NEW YORK, April 9, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, announced today the creation of Blue Owl's Real Estate Finance strategy with the acquisition of Prima Capital Advisors ("Prima") for the aggregate consideration of $170 million.

Key Points: 
  • NEW YORK, April 9, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, announced today the creation of Blue Owl's Real Estate Finance strategy with the acquisition of Prima Capital Advisors ("Prima") for the aggregate consideration of $170 million.
  • Prima, founded in 1992 by Gregory White, is a real estate lender focused primarily on investing in commercial mortgage-backed securities.
  • Blue Owl also announced that Jesse Hom, previously Global Head of Real Estate Credit at GIC, will join Blue Owl to lead the newly created Real Estate Finance strategy and serve as Chief Investment Officer for Blue Owl's Real Estate platform, reporting directly to Marc Zahr, Co-President of Blue Owl and Head of Real Estate.
  • Blue Owl Co-CEOs Doug Ostrover and Marc Lipschultz said: "This acquisition of Prima represents a further expansion of Blue Owl's suite of capital solutions, adding a differentiated and high-quality real estate lending capability and further diversifying our real estate platform.

Identiv Announces Asset Purchase Agreement with Security Solutions Provider Vitaprotech for $145 Million

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수요일, 4월 3, 2024

Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), has entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and assets to Vitaprotech, a security solutions provider.

Key Points: 
  • Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), has entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and assets to Vitaprotech, a security solutions provider.
  • Under the terms of the agreement, Identiv will receive a cash payment of $145 million upon closing of the transaction, subject to customary adjustments.
  • “Our globally recognized security business naturally aligns with Vitaprotech’s strategy and vision for the market, creating a world leader in enterprise security.
  • Upon closing, certain senior executives will join Vitaprotech, including Identiv CEO Steven Humphreys, at which time incoming President Kirsten Newquist will assume the role of CEO of Identiv.

San Diego Angel Conference VI Announces Six Finalists to Compete for Share of Largest Event-Based Angel Fund in U.S.

Retrieved on: 
월요일, 3월 25, 2024

The San Diego Angel Conference at USD has become the largest event-based angel conference in the country , with an active angel investor group of about 90 accredited investors who invest starting at $7,000 each.

Key Points: 
  • The San Diego Angel Conference at USD has become the largest event-based angel conference in the country , with an active angel investor group of about 90 accredited investors who invest starting at $7,000 each.
  • “The San Diego Angel Conference is truly a unique opportunity for both investors and founders to experience the hands-on learning opportunities of the investment decision process,” Executive Director, JPMorgan Startup Banking David Loseke.
  • SDAC partners with 35+ organizations including USD , San Diego State University ( SDSU ), and University of California, San Diego ( UCSD ), to drive deal flow and mentor startups.
  • SDAC Founder Mysty Rusk says, “Over six years, San Diego Angel Conference at USD has focused on activating accredited investors, funding innovative early-stage companies, and supporting solutions that solve real-world problems.

Rohirrim Appoints Advisory Board, Taps Cybersecurity Expert Mike Papay as Chairman

Retrieved on: 
월요일, 2월 26, 2024

Rohirrim , the cutting-edge technology company specializing in domain-aware generative AI for the enterprise, has appointed Dr. Michael Papay to lead Rohirrim’s Advisory Board as Chairman.

Key Points: 
  • Rohirrim , the cutting-edge technology company specializing in domain-aware generative AI for the enterprise, has appointed Dr. Michael Papay to lead Rohirrim’s Advisory Board as Chairman.
  • Dr. Papay has built and deployed sophisticated hardware and software solutions for global clients and led cybersecurity programs for two Fortune 100 companies for the last 12 years.
  • In addition, Dr. Papay is frequently utilized as a cyber policy expert for the U.S.
  • Papay is one of the country’s most highly regarded cybersecurity experts in both the private and public sectors,” said Rohirrim Founder and CEO Steven Aberle.

San Diego Angel Conference VI at University of San Diego Announces Quarterfinalists

Retrieved on: 
금요일, 2월 23, 2024

They took home $269,000 in funding at the SDAC V conference and secured additional funds from investors and from UCSD within weeks of the event.

Key Points: 
  • They took home $269,000 in funding at the SDAC V conference and secured additional funds from investors and from UCSD within weeks of the event.
  • LIMBER CEO Dr. Joshua Pelz says, “The seed funding we received through SDAC enabled us to invest in product development and accelerate commercialization.
  • The San Diego Angel Conference at USD has become the largest event-based angel conference in the country .
  • SDAC partners with 35+ organizations including USD , San Diego State University ( SDSU ), and University of California, San Diego ( UCSD ), to drive deal flow and mentor startups.

IGT's Global Gaming and PlayDigital Businesses to Combine with Everi, Creating a Comprehensive Global Gaming and FinTech Enterprise

Retrieved on: 
목요일, 2월 29, 2024

It also facilitates the separation of IGT's Global Gaming and PlayDigital businesses from our Global Lottery business, resulting in a pure play global lottery business.

Key Points: 
  • It also facilitates the separation of IGT's Global Gaming and PlayDigital businesses from our Global Lottery business, resulting in a pure play global lottery business.
  • "The combination results in a comprehensive and diverse product offering, addressing more aspects of the gaming ecosystem across land-based gaming, iGaming, sports betting, and fintech.
  • "We believe this merger combines two highly complementary businesses in a transformational manner, creating a global, land-based and digital gaming, fintech and systems business.
  • The transaction implies an enterprise value for IGT's Global Gaming and PlayDigital businesses of approximately $4.0 billion, and an enterprise value for Everi of approximately $2.2 billion.

Otterbourg Adds Ron Brody as Head of the Firm’s Leveraged Finance Practice

Retrieved on: 
화요일, 1월 30, 2024

is pleased to announce the arrival of Ron Brody as the head of the firm’s Leveraged Finance Practice Group.

Key Points: 
  • is pleased to announce the arrival of Ron Brody as the head of the firm’s Leveraged Finance Practice Group.
  • Mr. Brody is a nationally recognized high-yield securities lawyer with a broad range of corporate, transactional and finance experience.
  • Prior to joining Pillsbury, he was a partner at White & Case, where he co-headed the leveraged finance practice for over 13 years.
  • “We see a lot of opportunities for growth in leveraged finance, and I look forward to expanding Otterbourg’s leveraged finance presence and helping its clients address their most complex financing issues.”
    Mr. Brody earned his J.D.