Dechert

New Mountain Capital and Grant Thornton close growth investment

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금요일, 5월 31, 2024
Finance, Consulting, Accounting, Professional Services, Asset Management, CFO, Investment, CDPQ, CPA, OA, Jefferies Group, Growth, Guggenheim Partners, LLP, Gibson Dunn, Dechert, Simpson Thacher & Bartlett

Grant Thornton LLP, one of America’s leading providers of audit, assurance, tax and advisory services, and New Mountain Capital, a leading growth-oriented investment firm with approximately $50 billion in assets under management, today announced the closing of a significant growth investment in Grant Thornton that will accelerate the firm’s business strategy.

Key Points: 
  • Grant Thornton LLP, one of America’s leading providers of audit, assurance, tax and advisory services, and New Mountain Capital, a leading growth-oriented investment firm with approximately $50 billion in assets under management, today announced the closing of a significant growth investment in Grant Thornton that will accelerate the firm’s business strategy.
  • CDPQ and OA Private Capital made minority investments in Grant Thornton alongside New Mountain Capital.
  • Grant Thornton remains part of the Grant Thornton International Limited network of member firms, providing global reach to its clients.
  • CDPQ, a global investment group headquartered in Canada, and OA Private Capital, a family office investment advisory firm located in Michigan, made minority equity investments in Grant Thornton alongside New Mountain Capital.

Boyd Watterson & Amber Infrastructure Jointly Announce Strategic Transaction

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목요일, 5월 30, 2024
Professional Services, Finance, Construction & Property, Asset Management, REIT, Banking, Organization, City, FCA, Amber, Real estate, Combine, LLP, Dechert, AUM, Infrastructure, Multimedia

Boyd Watterson Asset Management, LLC (“Boyd Watterson”) ( www.boydwatterson.com ) and Amber Infrastructure Group Holdings Limited (“Amber”) ( www.amberinfrastructure.com ) jointly announced that the businesses will come together under a common parent company to create a global diversified Real Estate, Infrastructure, and Fixed Income asset management platform (the “Company”).

Key Points: 
  • Boyd Watterson Asset Management, LLC (“Boyd Watterson”) ( www.boydwatterson.com ) and Amber Infrastructure Group Holdings Limited (“Amber”) ( www.amberinfrastructure.com ) jointly announced that the businesses will come together under a common parent company to create a global diversified Real Estate, Infrastructure, and Fixed Income asset management platform (the “Company”).
  • While the financial terms of the transaction have not been disclosed, the Company’s shareholders upon closing will be comprised of the existing shareholders in Boyd Watterson and Amber.
  • “With the combination of Amber Infrastructure Group, we are broadening our scope and opening up exciting new investment opportunities for our clients,” said Brian Gevry, CEO of Boyd Watterson.
  • “We are very excited about integrating with Boyd Watterson and the long-term investment outlook this alignment brings to our customers,” said Tait.

CervoMed to Appoint William Elder as Chief Financial Officer

Retrieved on: 
월요일, 5월 20, 2024
Patient, Economics, CFO, University, Tufts University, Corporation, CRVO, Villanova University, MD, Senior counsel, Diffusion, LLP, Dechert, General counsel, Principal, Creative, Pharmaceutical industry

BOSTON, May 20, 2024 (GLOBE NEWSWIRE) -- CervoMed Inc. (NASDAQ: CRVO), a clinical stage company focused on developing treatments for age-related neurologic disorders, today announced the appointment of William (Bill) Elder as Chief Financial Officer, effective June 1, 2024.

Key Points: 
  • BOSTON, May 20, 2024 (GLOBE NEWSWIRE) -- CervoMed Inc. (NASDAQ: CRVO), a clinical stage company focused on developing treatments for age-related neurologic disorders, today announced the appointment of William (Bill) Elder as Chief Financial Officer, effective June 1, 2024.
  • He will succeed William Tanner who has served as Chief Financial Officer to CervoMed and its predecessor, EIP Pharma, since September 2022.
  • “Bill’s deep biopharmaceutical and financial expertise and strong track record of enhancing operational capabilities makes him an ideal fit for CervoMed at this critical inflection point,” said John Alam, MD, Chief Executive Officer of CervoMed.
  • Prior to his time at Dechert LLP, Mr. Elder served as an analyst for Creative Financial Group, a full service financial advisory and planning firm focused on advising high net worth individuals.

mdf commerce Announces Completion of Acquisition by KKR

Retrieved on: 
금요일, 5월 17, 2024
Toronto Stock Exchange, Risk, Digital, Desjardins, Stikeman Elliott, Software as a service, Consideration, KKR, Growth, LLP, Meeting, Dechert, DRS, Commerce, Arrangement, Scotiabank, Canada Business Corporations Act, TSX, Failure, Cryptocurrency

“Today’s announcement is a significant milestone in the long-lasting story of mdf commerce.

Key Points: 
  • “Today’s announcement is a significant milestone in the long-lasting story of mdf commerce.
  • “We are very pleased with the successful outcome of this transaction,” said Pierre Chadi, Chair of the Board of Directors.
  • “I am confident that mdf commerce is in good hands with KKR, a resourceful owner who will support the Company’s long-term growth plan and take this SaaS leader in digital commerce technologies to the next level.”
    “mdf commerce has a bright future ahead, and we are thrilled to be part of it,” said John Park, Partner at KKR.
  • Stikeman Elliott LLP and Dechert LLP acted as legal advisors to KKR, and William Blair served as a buyside advisor to KKR.

EyeCare Partners Announces Refinancing Transaction Completion

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금요일, 5월 3, 2024
Professional Services, Communications, Health, Finance, Public Relations, Investor Relations, Optical, Dechert, LLP, Partner, RCF, Kirkland & Ellis, Centerview Partners, Gibson Dunn, Line of credit

EyeCare Partners LLC ("EyeCare Partners", or the "Company"), the nation’s leading provider of clinically integrated eye care, announced today it has closed a follow-on debt exchange with holders of its existing term loans following an initial debt exchange closed in April.

Key Points: 
  • EyeCare Partners LLC ("EyeCare Partners", or the "Company"), the nation’s leading provider of clinically integrated eye care, announced today it has closed a follow-on debt exchange with holders of its existing term loans following an initial debt exchange closed in April.
  • “We are strongly encouraged by the high participation level across our debt exchanges and the financial support for EyeCare Partners to execute on our long-term strategic initiatives,” said Chris Throckmorton, EyeCare Partners Chief Executive Officer.
  • Kirkland & Ellis LLP served as the Company’s legal advisor, Centerview Partners LLC served as its financial advisor and Berkeley Research Group LLC served as its operational advisor in the transaction.
  • Dechert LLP served as legal advisor, and Perella Weinberg Partners LP served as financial advisor to an ad hoc group of 2L holders in the transaction.

23andMe announces CEO’s intention to pursue a potential take-private

Retrieved on: 
목요일, 4월 18, 2024
Dechert, Genetics, Wells Fargo, 23andMe, Security (finance), Comment, Schedule 13D, Committee, SAN, Disclosure

Ms. Wojcicki currently owns shares constituting more than 20% of the total outstanding shares and entitling her to approximately 49% of the voting power of the total outstanding shares of 23andMe.

Key Points: 
  • Ms. Wojcicki currently owns shares constituting more than 20% of the total outstanding shares and entitling her to approximately 49% of the voting power of the total outstanding shares of 23andMe.
  • Ms. Wojcicki also indicated in her Schedule 13D filing that she wishes to maintain control of 23andMe and, therefore, will not be willing to support any alternative transaction.
  • The Board of Directors of 23andMe previously formed a Special Committee on March 28, 2024, comprised of independent directors, to review strategic alternatives that may be available to 23andMe to maximize shareholder value.
  • The Special Committee is committed to acting in the best interests of 23andMe and its shareholders.

DecisionPoint Systems to Go Private in All-Cash Transaction

Retrieved on: 
수요일, 5월 1, 2024
Networks, Internet, Data Management, Technology, Software, Dechert, Polsinelli, LLP, Investment, Proxy, Principal, Cole, Printing, Capital Group Companies, Organization

Steve Smith, CEO of DecisionPoint, commented: “I’m excited by the prospects of teaming up with Barcoding for the next phase in DecisionPoint’s growth.

Key Points: 
  • Steve Smith, CEO of DecisionPoint, commented: “I’m excited by the prospects of teaming up with Barcoding for the next phase in DecisionPoint’s growth.
  • Today’s announcement to be taken private for $10.22 in cash per share is a capstone for our public shareholders.
  • The transaction is currently expected to close in July 2024, subject to the approval of DecisionPoint stockholders and the satisfaction of customary closing conditions.
  • Upon completion of the transaction, DecisionPoint will become a privately held company and its stock will no longer be publicly traded.

Sycamore Tree Capital Partners Closes Fifth CLO at $504 Million; Resets, Extends and Upsizes STCP CLO 3 to $525 Million

Retrieved on: 
수요일, 4월 24, 2024
Asset Management, Professional Services, Finance, Goldman Sachs, CLO, LLP, Insurance, STCP, Dechert, Fund, Trust, Lisp (programming language)

Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, today announced the closing of STCP CLO 2024-5, Ltd. (“STCP CLO 5” or “the Fund”), the Firm’s fifth and largest new issue collateralized loan obligation since launching its CLO platform in July of 2021.

Key Points: 
  • Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, today announced the closing of STCP CLO 2024-5, Ltd. (“STCP CLO 5” or “the Fund”), the Firm’s fifth and largest new issue collateralized loan obligation since launching its CLO platform in July of 2021.
  • The Fund has a two-year reinvestment period, includes a one-year non-call period and features a senior triple-A spread of S+142 bps.
  • Goldman Sachs acted as the Fund’s underwriter and Dechert, LLP served as counsel to Sycamore Tree.
  • “We greatly appreciate their trust and support.”
    Additionally, the reset, extension and upsize of Sycamore Tree’s third CLO (“STCP CLO 3”) has also closed.

EyeCare Partners Announces Refinancing Transactions, Secures New Money Investment

Retrieved on: 
금요일, 4월 19, 2024
Health, Optical, Dechert, LLP, Partner, Macquarie Group, Kirkland & Ellis, Centerview Partners, Gibson Dunn, Patient, Financial adviser

EyeCare Partners LLC ("EyeCare Partners", or the "Company"), the nation’s leading provider of clinically integrated eye care, announced today it has closed a private debt exchange with holders of a majority of its existing term loans.

Key Points: 
  • EyeCare Partners LLC ("EyeCare Partners", or the "Company"), the nation’s leading provider of clinically integrated eye care, announced today it has closed a private debt exchange with holders of a majority of its existing term loans.
  • The completed transaction signals stakeholder confidence in EyeCare Partners and provides significant liquidity benefit through a combination of $275 million of new money, meaningful cash-to-paid-in-kind interest conversion and discount capture.
  • There is no impact on EyeCare Partners' equity ownership.
  • “In strengthening the financial position of EyeCare Partners through this transaction, we have enhanced our ability to continue delivering on our mission to enhance vision, advance eye care and improve lives," said Chris Throckmorton, EyeCare Partners Chief Executive Officer.

BlackRock TCP Capital Corp. Announces Completion of Merger With BlackRock Capital Investment Corporation

Retrieved on: 
월요일, 3월 18, 2024
Professional Services, Small Business, Finance, Consulting, Banking, Accounting, Slate, BCIC, Growth, BlackRock, Dechert, Keefe, Bruyette & Woods, Cryptocurrency

BlackRock TCP Capital Corp. (“TCPC”)(NASDAQ: TCPC) today announced the closing of the previously announced merger with BlackRock Capital Investment Corporation (“BCIC”)(NASDAQ:BKCC).

Key Points: 
  • BlackRock TCP Capital Corp. (“TCPC”)(NASDAQ: TCPC) today announced the closing of the previously announced merger with BlackRock Capital Investment Corporation (“BCIC”)(NASDAQ:BKCC).
  • As a result of the merger, legacy TCPC shareholders and former BCIC shareholders own approximately 67.5% and 32.5%, respectively, of the combined company.
  • Houlihan Lokey served as financial advisor and Dechert LLP as the legal counsel to the special committee of TCPC.
  • Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to the advisors of TCPC and BCIC.