Avenue Capital Group

Vistra to Create "Vistra Vision," a Leading Zero-Carbon Generation and Retail Platform, Through the Acquisition of Energy Harbor

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월요일, 3월 6, 2023
Nuclear Regulatory Commission, Federal Energy Regulatory Commission, Citigroup, RBC Capital Markets, Adjustment, Dechert, Latham & Watkins, Webcast, Nuveen, Hart–Scott–Rodino Antitrust Improvements Act, Share repurchase, FirstEnergy, NYSE, Carbon, Plant, Growth, United States Department of Justice Civil Division, Justice, Avenue Capital Group, Partnership, ERCOT, Morgan, Lewis & Bockius, Risk management, Electricity, LLP, VST, PJM, Nuclear energy, Financial adviser, Renewable energy, Security (finance), Bank, Retail, Avenue, Vistra Corp

IRVING, Texas, March 6, 2023 /PRNewswire/ -- Today, Vistra Corp. (NYSE: VST) announced that it has executed a definitive agreement with Energy Harbor Corp., pursuant to which Energy Harbor will merge with and into a newly-formed subsidiary of Vistra. The transaction will combine Energy Harbor's nuclear and retail businesses with Vistra's nuclear and retail businesses and Vistra Zero renewables and storage projects under a newly-formed subsidiary holding company, referred to generally as "Vistra Vision." This combination creates a leading integrated retail electricity and zero-carbon generation company with the second-largest competitive nuclear fleet in the country, along with a growing renewables and energy storage portfolio. The agreement has been approved by both companies' boards of directors. Sufficient stockholder approval for the transaction has been committed through support agreements signed by a majority of the Energy Harbor stockholders.

Key Points: 
  • Consideration to Energy Harbor for this combination includes $3 billion cash and a 15% ownership interest in Vistra Vision; in addition, Vistra Vision will assume ~$430 million of net debt from Energy Harbor.
  • Vistra will own 85% of Vistra Vision as well as 100% of the entities holding its remaining conventional generation assets, referred to generally as "Vistra Tradition."
  • Sufficient stockholder approval for the transaction has been committed through support agreements signed by a majority of the Energy Harbor stockholders.
  • Burke concluded, "We look forward to welcoming the Energy Harbor generation and retail teams in Ohio and Pennsylvania to Vistra.

Goldman Sachs x Robin Hood Inaugural Rising Leaders Forum Attracts Nearly 300 Young Investors to Chart Philanthropic Impact

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목요일, 1월 26, 2023
Athlete, Goldman Sachs, Global Health Corps, Hunger, Poverty, University, Education, Student, Life, Robin, IT Leader Forum, Entrepreneurship, Woman, NBA, Growth, Homelessness, GDP, Robin Hood, Tudor Investment Corporation, Lincoln Center, Blue Ridge Capital, Organization, Small business, Sustainability, Avenue Capital Group, Cryptocurrency, Film industry, Management, New Yorker

NEW YORK, Jan. 26, 2023 /PRNewswire/ -- Robin Hood, the largest philanthropy focused on fighting poverty in New York City, joined forces with Goldman Sachs, a premiere global banking and investment institution, to present the Rising Leaders Forum, an invitation-only event for rising investors and philanthropists. The inaugural forum for young leaders included sessions with CEOs, leading philanthropists, academics, activists, and athletes —all of whom are focused on making a sustainable impact in New York and across the globe. Nearly 300 of the top investing, entrepreneurial, and innovative thinkers shared insights and case studies on data-driven grant-making, public-private partnerships, and the role of advocacy.

Key Points: 
  • "The participants in the Rising Leaders Forum, like Robin Hood's donors and supporters, want to make sure that one's starting point in life does not define where one ends up.
  • The Rising Leaders Forum builds upon Goldman Sachs' long record of driving inclusive growth through strategic philanthropy.
  • Goldman Sachs Gives, has created signature initiatives supporting the most innovative leaders in the global philanthropic sector with over $2 billion in grant-making.
  • This year's forum showcased impact in action by sharing the model used by Robin Hood.

iConnections Announces Speaker Line-Up for Annual Global Alternative Investment Conference 2023

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목요일, 12월 22, 2022
Other Professional Services, Professional Services, Finance, IConnect Guam, Morgan Stanley, Avenue Capital Group, Name, Norges Bank, Entrepreneurship, Investment, Conference, Apollo Global Management, Fontainebleau Miami Beach, Management

iConnections, the investment industry’s leading capital introductions platform, today announced a notable lineup of speakers and content which spans the alternatives industry for its flagship Global Alternatives Conference.

Key Points: 
  • iConnections, the investment industry’s leading capital introductions platform, today announced a notable lineup of speakers and content which spans the alternatives industry for its flagship Global Alternatives Conference.
  • The most exciting managers from public, private and digital markets across the alternative investment management industry will also be in attendance.
  • “Global Alts ‘23 is well positioned to help drive forward impactful investments for the global economy through unparalleled networking opportunities and robust content programming featuring industry titans and experts.
  • Further information about iConnections Global Alts Conference in Miami is posted online and on our LinkedIn , Twitter and social channels using #iConnectionsGlobalAlts.

Eyenovia Announces $15 Million Credit Facility with Avenue Venture Debt Fund

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화요일, 11월 29, 2022
Marketing, COVID-19, Silicon Valley Bank, Silicon, Food, Presbyopia, Mydriasis, Avenue Capital Group, Securities & Exchange Commission of Pakistan, Myopia, Food and Drug Administration, Therapy, FDA, Pharmaceutical industry, Risk management, Bank, Avenue

Per the terms of the agreement, Eyenovia received $10 million of gross proceeds at closing (approximately $9.5 million net).

Key Points: 
  • Per the terms of the agreement, Eyenovia received $10 million of gross proceeds at closing (approximately $9.5 million net).
  • The Avenue facility replaces the companys Silicon Valley Bank facility, which was recently paid off.
  • The Avenue Venture Debt Fund seeks to provide creative financing solutions to high-growth, venture capital-backed technology and life science companies.
  • The Avenue Venture Debt fund is part of the larger group of funds of Avenue Capital Group.

Avenu Acquires Short-Term Rental Compliance Provider LTAS Technologies Inc. (Harmari ®)

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목요일, 11월 10, 2022
Software, Defense, Data Analytics, Internet, Data Management, Professional Services, Technology, Government Technology, Ecosystem, Technology, Government Technology Agency, Record, Solution, Collection, Compliance, Government, Software as a service, Insight, Mill Point Settlement Site, Growth, Tax, Industry, Public sector, Acquisition, Property management, Cryptocurrency, Risk management, Avenue Capital Group

Avenu Insights & Analytics (Avenu), the global leader in revenue enhancement and administration solutions for state and local governments, today announced the acquisition of LTAS Technologies Inc. (Harmari), a leading provider of short-term rental identification, monitoring and compliance software and services.

Key Points: 
  • Avenu Insights & Analytics (Avenu), the global leader in revenue enhancement and administration solutions for state and local governments, today announced the acquisition of LTAS Technologies Inc. (Harmari), a leading provider of short-term rental identification, monitoring and compliance software and services.
  • Both companies bring together a common mission to better connect governments with citizens through enhanced digital platforms and real-time communication.
  • Harmaris industry leading monitoring and identification software and Avenus scalable administrative solutions will help maximize compliance, while streamlining the collection of short-term rental and transient tax revenue for governments.
  • Together, Avenu and Harmari will provide an end-to-end monitoring and full-service compliance solution that improves the citizen experience while maintaining a budget-neutral approach for local leaders.

Avenu Acquires Short-Term Rental Compliance Provider LTAS Technologies Inc. (Harmari ®)

Retrieved on: 
목요일, 11월 3, 2022
Growth, Compliance, Mill Point Settlement Site, Industry, Government, Software as a service, Public sector, Tax, Collection, Record, Acquisition, Technology, Ecosystem, Government Technology Agency, Solution, Property management, Avenue Capital Group

CENTREVILLE, Va., Nov. 3, 2022  /PRNewswire-PRWeb/ -- Avenu Insights & Analytics (Avenu), the global leader in revenue enhancement and administration solutions for state and local governments, today announced the acquisition of LTAS Technologies Inc. (Harmari), a leading provider of short-term rental identification, monitoring and compliance software and services.

Key Points: 
  • CENTREVILLE, Va., Nov. 3, 2022 /PRNewswire-PRWeb/ -- Avenu Insights & Analytics (Avenu), the global leader in revenue enhancement and administration solutions for state and local governments, today announced the acquisition of LTAS Technologies Inc. (Harmari), a leading provider of short-term rental identification, monitoring and compliance software and services.
  • Both companies bring together a common mission to better connect governments with citizens through enhanced digital platforms and real-time communication.
  • Harmari's industry leading monitoring and identification software and Avenu's scalable administrative solutions will help maximize compliance, while streamlining the collection of short-term rental and transient tax revenue for governments.
  • Together, Avenu and Harmari will provide an end-to-end monitoring and full-service compliance solution that improves the citizen experience while maintaining a budget-neutral approach for local leaders.

Dr Amit Kakar joins MedGenome Board of Directors

Retrieved on: 
수요일, 11월 2, 2022
Health technology, Awareness, Growth, LeapFrog Investments, Board of directors, Software as a service, Hospital, Clinical research, Genomics, Research, Board, LeapFrog Enterprises, Industry, GE Healthcare, R, Head, Sequoia Capital, Drug discovery, Avenue Capital Group, Business, Novo Nordisk Foundation, Group, Genetic testing, Midsayap Diagnostic Center and Hospital, ESCO, Patient, Novo, Genome, Hospital Insurance and Diagnostic Services Act, Inherited disorders of trafficking, Novo Holdings A/S, Global health, Partnership, Solution, Pharmaceutical industry, Management, Biotechnology

The company has announced the appointment of Dr. Amit Kakar MD, from Novo Holdings to its Board of Directors.

Key Points: 
  • The company has announced the appointment of Dr. Amit Kakar MD, from Novo Holdings to its Board of Directors.
  • Dr. Amit Kakar, Senior Partner, Head of Novo Holdings Asiasaid, "MedGenome's journey in the field of genomics has been very impressive.
  • "In embarking on the next phase of our journey, we are delighted to have Dr. Amit and Navjeewan on board.
  • Dr. Amit's experience will help us advance our global expansion plans," said Dr. Felix Olale, Chairman of MedGenome's Board of Directors, and Global Co-Lead for Healthcare Investments at LeapFrog Investments.

Kin Secures $145 Million in Debt Financing to Fuel Continued Growth

Retrieved on: 
금요일, 10월 28, 2022
Finance, Professional Services, Residential Building & Real Estate, Construction & Property, Insurance, Avenue Capital Group, Nasdaq, Growth, CEO, KIN, Technology, Weather, Insurance, Runway, Avenue, Financial services, Bank

The remaining funds will be available to Kin in two tranches as the company reaches certain agreed-upon milestones.

Key Points: 
  • The remaining funds will be available to Kin in two tranches as the company reaches certain agreed-upon milestones.
  • Armentum Partners was the financial advisor to Kin for the debt transaction.
  • Kin offers homeowners, landlord, condo, and mobile home insurance through the Kin Interinsurance Network (KIN), a reciprocal exchange owned by its customers who share in the underwriting profit.
  • The Avenue Venture Debt Fund seeks to provide creative financing solutions to high-growth, venture capital-backed technology and life science companies.

CAIS Summit Announces Final Lineup as Interest in Alternatives Soars Among Financial Advisors

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목요일, 9월 29, 2022
Professional Services, Blockchain, Technology, Finance, Fintech, Consulting, Banking, Focus Financial Partners, Argument, Communication, FINRA, Pershing, Avenue Capital Group, Silicon Valley Bank, Partner (business rank), Entrepreneurship, Mercer, Fidelity, Knowledge, RIAS, The Carlyle Group, Alternative, SIPC, Professional, Tiburon, Time, Milken Institute, CEO, Communication, Consulting, Culture Federation, Solution, The Beverly Hilton, Bulls, Doctor of Philosophy, MVP, IBD, Wealth management, Silicon, SEC, Apollo Global Management, Multimedia, Education, Former, Renewable energy, Financial adviser, Management, Tutoring, Financial services, Galaxy

CAIS is the leading alternative investment platform for financial advisors who seek improved access to, and education about, alternative investment funds and products.

Key Points: 
  • CAIS is the leading alternative investment platform for financial advisors who seek improved access to, and education about, alternative investment funds and products.
  • CAIS also offers custom solutions for advisors seeking to create custom fund vehicles around ideas they source.
  • CAIS also provides an industry-leading learning system, CAIS IQ, to help advisors learn faster, remember longer, and improve client outcomes.
  • CAIS streamlines the end-to-end transaction process through digital subscriptions and integrated reporting with Fidelity, Schwab, and Pershing, which make investing in alternatives simple.

responsAbility Investments and Avenue Capital Group Invest in Founder-Led Agrovision as It Continues Its Rapid Global Expansion

Retrieved on: 
화요일, 9월 20, 2022
Environment, Supermarket, Professional Services, Sustainability, Green Technology, Food, Beverage, Agriculture, Environmental, Social and Governance (ESG), Retail, Natural Resources, Slate, United Nations Sustainable Development Group, Agriculture, Simpson Thacher & Bartlett, Biodiversity, Avenue Capital Group, Sustainable Development Goals, Skadden, Entrepreneurship, Superfood, ICBC, Responsability investments, Company, Socially responsible investing, Investment, Growth, Partnership, Environment, USD, Natural Resources, Credit Suisse, SME, Climate finance, Rabobank, AUM, ISO 22000, Renewable energy, Coffee

Our innovative investment partnership structure reflects our joint commitment for sustainability and governance, said Rik Vyverman, Head of Sustainable Food Private Equity at responsAbility.

Key Points: 
  • Our innovative investment partnership structure reflects our joint commitment for sustainability and governance, said Rik Vyverman, Head of Sustainable Food Private Equity at responsAbility.
  • An investment in Agrovision is a natural fit for our strategy, said Sean Coleman, Senior Portfolio Manager of the Avenue Sustainable Solutions Fund.
  • Skadden, Arps, Slate, Meagher & Flom served as counsel to responsAbility Investments and Avenue Capital Group.
  • For additional information on Avenue Capital Group, which is a global investment firm with assets estimated to be approximately $12.1 billion as of July 31, 2022, please visit www.avenuecapital.com .