Equity securities

Lexington Partners Announces Leadership Changes

Retrieved on: 
Wednesday, June 20, 2018
Finance, Money, Economy, Private equity secondary market, Lexington Partners, Corporate finance, Equity securities, Private equity, Lexington

Mr. Warren, who joined Lexington in 1994, leads Lexington's U.S. secondary investment activity, originating and evaluating secondary purchases of private equity and alternative investments.

Key Points: 
  • Mr. Warren, who joined Lexington in 1994, leads Lexington's U.S. secondary investment activity, originating and evaluating secondary purchases of private equity and alternative investments.
  • Mr. Ristvedt joined the Lexington team in 2001 and today guides the Firm's non-U.S. secondary investment activity from London.
  • Mr. Nicklas said, "I could not be more proud to announce these new leadership responsibilities.
  • Lexington Partners is one of the largest independent managers of secondary acquisition and co-investment funds with more than $38 billion in committed capital.

Chorus Aviation Inc. announces June 2018 dividend

Retrieved on: 
Wednesday, June 20, 2018
Finance, Economy, Money, Equity securities, Stock market, Corporate finance, Air Canada, Drip, Dividend reinvestment plan, Common stock, Jazz, Dividend

HALIFAX, June 20, 2018 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) today announced a monthly dividend of $0.04 per Class A and Class B share payable on or after July 18, 2018 to shareholders of record at the close of business on June 29, 2018.

Key Points: 
  • HALIFAX, June 20, 2018 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) today announced a monthly dividend of $0.04 per Class A and Class B share payable on or after July 18, 2018 to shareholders of record at the close of business on June 29, 2018.
  • Effective February 1, 2018 Chorus implemented a Dividend Reinvestment Plan ('DRIP') that allows Chorus to offer a discount of up to 5% from the average market price for shares purchased under the DRIP.
  • Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2009, and has established Chorus Aviation Capital Corp. to become a leading, global provider of regional aircraft leases and support services.
  • Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'.

QTS Realty Trust, Inc. Announces Public Offering of Series B Cumulative Convertible Perpetual Preferred Stock

Retrieved on: 
Wednesday, June 20, 2018
Finance, Money, Economy, Corporate finance, Stock market, Equity securities, Initial public offering, Venture capital, Preferred stock, Liquidation preference, Stock, Convertible security

OVERLAND PARK, Kan., June 20, 2018 /PRNewswire/ -- QTS Realty Trust, Inc. (the "Company") (NYSE: QTS) today announced the commencement of an underwritten public offering, subject to market and other conditions, of 2,250,000 shares, or $225 million aggregate liquidation preference, of its Series B Cumulative Convertible Perpetual Preferred Stock ("Series B Convertible Preferred Stock") with a liquidation preference of $100.00 per share.

Key Points: 
  • OVERLAND PARK, Kan., June 20, 2018 /PRNewswire/ -- QTS Realty Trust, Inc. (the "Company") (NYSE: QTS) today announced the commencement of an underwritten public offering, subject to market and other conditions, of 2,250,000 shares, or $225 million aggregate liquidation preference, of its Series B Cumulative Convertible Perpetual Preferred Stock ("Series B Convertible Preferred Stock") with a liquidation preference of $100.00 per share.
  • The Company intends to grant the underwriters a 30-day option to purchase an aggregate of up to an additional 337,500 shares of Series B Convertible Preferred Stock, or $33.75 million aggregate liquidation preference, solely to cover overallotments.
  • The Company intends to file an application to list the Series B Convertible Preferred Stock on the New York Stock Exchange.
  • The offering of these securities will be made only by means of a preliminary prospectus supplement and related base prospectus.

Distribution Dates and Use of Due-Bills Announced for Acorn International Special Cash Dividend Declared on May 25, 2018

Retrieved on: 
Wednesday, June 20, 2018
Finance, Corporate finance, Money, Dividends, Equity securities, Stock market, Dividend, Shareholders, Ex-dividend date, Share, American depositary receipt, Acorn Computers

As previously announced, below are the distribution dates for Acorn's distribution of US$0.75 per ordinary share, or approximately US$14.97 per American depositary share ("ADS").

Key Points: 
  • As previously announced, below are the distribution dates for Acorn's distribution of US$0.75 per ordinary share, or approximately US$14.97 per American depositary share ("ADS").
  • Record shareholders who sell their shares before the ex-dividend date are obligated to pay a due-bill to the buyer, delivering the dividend payable on such shares.
  • Accordingly, under Acorn's announced schedule, a record shareholder who sells his/her shares on or after June 25, 2018 shall be able to keep the dividends distributed.
  • Record shareholders who sell their shares before June 25, 2018 shall be obligated to deliver the dividends to the buyer.

Alterna Equity Partners Announces The Capitalization and Start-up of Alterna Capital Solutions

Retrieved on: 
Tuesday, June 19, 2018
Finance, Money, Economy, Corporate finance, Equity securities, Investment, Private equity, Alterna Savings

DELRAY BEACH, Fla., June 19, 2018 /PRNewswire/ --Alterna Equity Partners today announced the successful completion of its investment in Alterna Capital Solutions LLC.

Key Points: 
  • DELRAY BEACH, Fla., June 19, 2018 /PRNewswire/ --Alterna Equity Partners today announced the successful completion of its investment in Alterna Capital Solutions LLC.
  • Alterna's founder, Robert L. Konrad, Jr., joined forces with Stan Carpenter, ACS' founder andCEO, to create an accounts receivables financing company with $77 million of available capital.
  • "Alterna is excited to have the opportunity to work with Mr. Carpenter in building a best in class organization and providing an attractive service focused offering for clients," said Alterna Founder Robert Konrad.
  • Alterna Equity Partners, founded by Mr. Konrad in 2006,is a private equity investment firm based in South Florida that makes strategic investments in early stage and established growing companies.

Genstar Capital Announces Agreement to Acquire Drilling Info Holdings, Inc.

Retrieved on: 
Tuesday, June 19, 2018
Finance, Money, Economy, Genstar Capital, Genstar, Corporate finance, Equity securities, Private equity, Insight Venture Partners

Upon closing of the transaction, Genstar will become the new majority shareholder of the business, with Insight Venture Partners retaining a significant minority stake.

Key Points: 
  • Upon closing of the transaction, Genstar will become the new majority shareholder of the business, with Insight Venture Partners retaining a significant minority stake.
  • As with our earlier successfulpartnerships, we willprovidethe additional investment capital and resources to further broaden Drillinginfo's customer relationships and execute their growth strategy.
  • "We look forward to continuing our relationship and partnering with Eli, Geoff, and the Genstar team in this next phase of growth."
  • Genstar Capital ( www.gencap.com ) is a leading private equity firm that has been actively investing in high quality companies for more than 25 years.

Leading Private Equity Firm Adds Senior Advisors

Retrieved on: 
Monday, June 18, 2018
Finance, Money, Economy, Corporate finance, Equity securities, Alternative investment management companies, Investment, Private equity

WASHINGTON, June 18, 2018 /PRNewswire/ --Leading private equity firm Grain Management, LLC today announced the appointment of Edith Cooper and Virgis Colbert as new additions to the Firm's exceptional group of Senior Advisors.

Key Points: 
  • WASHINGTON, June 18, 2018 /PRNewswire/ --Leading private equity firm Grain Management, LLC today announced the appointment of Edith Cooper and Virgis Colbert as new additions to the Firm's exceptional group of Senior Advisors.
  • Her wealth of experience and excellent judgement will help Grain extend the winning culture we are building," said David Grain , Founder and CEO of Grain Management.
  • "We look forward to expanding our team with the benefits of her knowledge and expertise."
  • Grain Management, LLC is a leading private equity firm focused on investments in the communications sector.

EverQuote Launches Initial Public Offering of Class A Common Stock

Retrieved on: 
Monday, June 18, 2018
Finance, Money, Economy, Stock market, Initial public offering, Corporate finance, Equity securities, Stock, Option, Insurance, Greenshoe

CAMBRIDGE, Mass., June 18, 2018 /PRNewswire/ --EverQuote, Inc. ("EverQuote"), a leading online insurance marketplace in the U.S., connecting consumers with insurance providers, today announced that it has commenced an initial public offering of its Class A common stock.

Key Points: 
  • CAMBRIDGE, Mass., June 18, 2018 /PRNewswire/ --EverQuote, Inc. ("EverQuote"), a leading online insurance marketplace in the U.S., connecting consumers with insurance providers, today announced that it has commenced an initial public offering of its Class A common stock.
  • EverQuote is offering 3,125,000 shares of its Class A common stock at an initial public offering price between $15.00 and $17.00 per share.
  • The offering also includes 1,562,500 shares of Class A common stock being offered by selling stockholders.
  • EverQuote expects to grant the underwriters a 30-day option to purchase up to an additional 703,125 shares of Class A common stock.

Maxar Settles Appraisal Litigation with the Former Holders of Series A Preferred Stock of DigitalGlobe

Retrieved on: 
Friday, June 15, 2018
Finance, Money, Corporate finance, Equity securities, Financial economics, Stock market, Preferred stock, DigitalGlobe, Convertible security, Stock, Common stock

("DigitalGlobe") SeriesA Convertible Preferred Stock.

Key Points: 
  • ("DigitalGlobe") SeriesA Convertible Preferred Stock.
  • Under the agreement, the former holders of SeriesA Convertible Preferred Stock of DigitalGlobe will receive (i)2,206,464 common shares of Maxar and (ii)a payment in cash for the interest that has accrued on the merger consideration from the closing of the merger.
  • "We are pleased to have reached a resolution with our preferred shareholders," said Howard Lance, Chief Executive Officer of Maxar.
  • The completion of the settlement of the preferred shareholders' appraisal claims, which are pending in the Delaware Chancery Court action styled In re Appraisal of DigitalGlobe,Inc.

High Level of Performance Persistence Exists Among Private Equity and Venture Capital Funds

Retrieved on: 
Thursday, June 14, 2018
Economy, Finance, Money, Corporate finance, Equity securities, Investment management, Financial markets, Investment, Private equity, PitchBook Data, Venture capital

Since last quarter, PitchBook has added more than 140 private capital funds to the Benchmarks data set, which now includes nearly 4,000 private market funds.

Key Points: 
  • Since last quarter, PitchBook has added more than 140 private capital funds to the Benchmarks data set, which now includes nearly 4,000 private market funds.
  • In this edition, PitchBook examines performance persistence across active PE and VC fund managers and finds strong performance persistence between funds, and that the level of persistence rises as a firm raises additional funds.
  • Performance persistence increases from second to third fund in a fund family, with 43% of top-quartile PE funds followed up by another top-quartile fund.
  • PitchBook collects and analyzes detailed data on the entire venture capital, private equity and M&A landscapeincluding public and private companies, investors, funds, investments, exits and people.