Morgan Stanley

Dutch Bros Inc. Announces Launch of Secondary Public Offering of Class A Common Stock

Retrieved on: 
Tuesday, February 27, 2024

Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”) today announced commencement of a registered underwritten public offering of its Class A common stock, par value $0.00001 per share (the “Common Stock”), by certain selling stockholders associated with TSG Consumer Partners, L.P. (the “Selling Stockholders”).

Key Points: 
  • Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”) today announced commencement of a registered underwritten public offering of its Class A common stock, par value $0.00001 per share (the “Common Stock”), by certain selling stockholders associated with TSG Consumer Partners, L.P. (the “Selling Stockholders”).
  • The Selling Stockholders intend to offer 8,000,000 shares of Common Stock pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”).
  • Dutch Bros is not offering any shares of Common Stock in this offering and will not receive any proceeds from the sale of shares of Common Stock by the Selling Stockholders but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions.
  • A shelf registration statement on Form S-3 relating to Dutch Bros’ securities, including the Common Stock, has been filed with the SEC and became effective upon such filing.

Group 1001 Announces Two Vice President Technology Hires

Retrieved on: 
Tuesday, February 27, 2024

Group 1001, a leading financial services company, announced the addition of Tricia Borcherding as Vice President, Technology Governance and Walter Hjelmar as Vice President, Platforms and Cloud.

Key Points: 
  • Group 1001, a leading financial services company, announced the addition of Tricia Borcherding as Vice President, Technology Governance and Walter Hjelmar as Vice President, Platforms and Cloud.
  • In the role of Vice President, Technology Governance, Borcherding will shape and oversee governance processes, technology controls and compliance, technology finance, and vendor management.
  • She has held several other leadership roles at CNO Financial Group including Vice President of Operational Risk and Performance Management, Vice President of Enterprise Risk Management, and Vice President of Internal Audit.
  • “I am honored to join Group 1001 as Vice President, Platforms and Cloud,” said Hjelmar.

Dutch Bros Inc. Announces Pricing of Secondary Public Offering of Class A Common Stock

Retrieved on: 
Wednesday, February 28, 2024

Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”) today announced pricing of the previously announced registered underwritten public offering by certain selling stockholders associated with TSG Consumer Partners, L.P. (the “Selling Stockholders”) of 8,000,000 shares of Dutch Bros’ Class A common stock, par value $0.00001 per share (the “Common Stock”) at a public offering price of $29.05 per share.

Key Points: 
  • Dutch Bros Inc. (NYSE: BROS; “Dutch Bros” or the “Company”) today announced pricing of the previously announced registered underwritten public offering by certain selling stockholders associated with TSG Consumer Partners, L.P. (the “Selling Stockholders”) of 8,000,000 shares of Dutch Bros’ Class A common stock, par value $0.00001 per share (the “Common Stock”) at a public offering price of $29.05 per share.
  • The offering is expected to close on or about March 1, 2024, subject to the satisfaction of customary closing conditions.
  • Dutch Bros is not offering any shares of Common Stock in this offering and will not receive any proceeds from the sale of shares of Common Stock by the Selling Stockholders but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions.
  • A shelf registration statement on Form S-3 relating to Dutch Bros’ securities, including the Common Stock, has been filed with the SEC and became effective upon such filing.

GoldenTree Asset Management Announces Closing of $449 Million CLO Under GLM Strategy

Retrieved on: 
Monday, February 26, 2024

GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $449 million collateralized loan obligation (“CLO”) to be managed by GLM III.

Key Points: 
  • GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $449 million collateralized loan obligation (“CLO”) to be managed by GLM III.
  • With the closing of this CLO, GoldenTree Loan Management US CLO 19 (“GLM US CLO 19”), GoldenTree has issued 25 CLOs totaling over $14 billion under its GLM CLO strategy.
  • Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations.
  • GLM US CLO 19 will initially be backed by a 96% ramped $434 million portfolio of primarily senior secured loans as of closing and will have a five-year reinvestment period and a two-year non call period.

Healthpeak Properties, Inc. and Healthpeak OP, LLC Complete Consent Solicitation and Offers to Guarantee and Receive Required Consents to Amend Physicians Realty L.P. Indentures

Retrieved on: 
Monday, February 26, 2024

The amendments contained in the Supplemental Indenture will not become operative, and the Healthpeak Guarantee will not be issued, until the completion of the Merger.

Key Points: 
  • The amendments contained in the Supplemental Indenture will not become operative, and the Healthpeak Guarantee will not be issued, until the completion of the Merger.
  • Barclays Capital Inc. and Morgan Stanley & Co. LLC acted as the Solicitation Agents for the consent solicitation and offers to guarantee.
  • Global Bondholder Services Corporation acted as the Information Agent and Tabulation Agent for the consent solicitation and offers to guarantee.
  • The solicitation and offers to guarantee were made solely pursuant to an effective shelf registration statement and prospectus and the above-described Consent Solicitation/Prospectus Supplement dated February 12, 2024.

Qualys, Inc. (QLYS) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

Retrieved on: 
Monday, February 26, 2024

Investors who purchased Qualys securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/QLYS .

Key Points: 
  • Investors who purchased Qualys securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/QLYS .
  • On February 5, 2024, Morgan Stanley outlined material topline risks to Qualys resulting from Microsoft’s plan to end its partnership with Qualys.
  • You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
  • Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits.

Cross River Launches Premier Fintech Investment Banking Franchise

Retrieved on: 
Monday, February 26, 2024

The Investment Banking team will be a part of CRB Securities, LLC, and will be led by industry veterans Benjamin Samuels and Henry Pinnell as Co-Heads of Investment Banking.

Key Points: 
  • The Investment Banking team will be a part of CRB Securities, LLC, and will be led by industry veterans Benjamin Samuels and Henry Pinnell as Co-Heads of Investment Banking.
  • “We are proud to launch our investment banking division of our broker dealer with two well-respected professionals in the industry, combining decades of experience in both the fintech industry and capital markets,” said Gilles Gade, Founder and CEO of Cross River.
  • Henry Pinnell joins as Co-Head of Investment Banking from SVB Securities, where he was a Senior Managing Director and led the Fintech Investment Banking effort.
  • Prior to SVB Henry was a Managing Director in the Investment Banking Division at Barclays Bank PLC where he led the firm’s Emerging Fintech franchise.

TPG Announces Pricing of Secondary Public Offering

Retrieved on: 
Monday, February 26, 2024

TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced the pricing of a secondary underwritten public offering of 15,526,915 shares of TPG’s Class A common stock, par value $0.001 per share (the “Common Stock”), pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).

Key Points: 
  • TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced the pricing of a secondary underwritten public offering of 15,526,915 shares of TPG’s Class A common stock, par value $0.001 per share (the “Common Stock”), pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).
  • The offering consists entirely of secondary shares to be sold by certain stockholders of the Company (the “Selling Stockholders”).
  • The Selling Stockholders will receive all of the proceeds from the offering.
  • The Company is not selling any shares of Common Stock in the offering and will not receive any proceeds from the offering.

TPG Announces Launch of Secondary Public Offering

Retrieved on: 
Monday, February 26, 2024

The offering consists entirely of secondary shares to be sold by the Selling Stockholders.

Key Points: 
  • The offering consists entirely of secondary shares to be sold by the Selling Stockholders.
  • The Selling Stockholders will receive all of the proceeds from the offering.
  • The Company is not selling any shares of Common Stock in the offering and will not receive any proceeds from the offering.
  • An automatic shelf registration statement (including a prospectus) relating to the offering of Common Stock was filed by TPG with the SEC on February 26, 2024 and became effective upon filing.

Guy Metcalfe to Join CBRE Group, Inc. Board of Directors

Retrieved on: 
Friday, February 23, 2024

CBRE Group, Inc. (NYSE:CBRE) today announced that Guy A. Metcalfe has been appointed to the company’s Board of Directors, effective February 26, 2024.

Key Points: 
  • CBRE Group, Inc. (NYSE:CBRE) today announced that Guy A. Metcalfe has been appointed to the company’s Board of Directors, effective February 26, 2024.
  • In more than 30 years at Morgan Stanley, Mr. Metcalfe advised clients on over $850 billion of transactions.
  • He has served as a trusted strategic advisor to CBRE and helped to consummate notable capital-raising, mergers and acquisitions and capital markets transactions for the company.
  • Bob Sulentic, CBRE’s chair and chief executive officer, said: “Guy is one of the premier strategic advisors in the real estate industry.