UBS

Madrigal Pharmaceuticals Announces Pricing of Upsized $600 Million Public Offering

Retrieved on: 
Tuesday, March 19, 2024
Montgomery Street, Fatty liver disease, UBS, ECM, Madison Avenue, Goldman Sachs, Form, Telephone, Citizenship, Research, Sale, Public expenditure, Attention, Security (finance), Lexington Avenue, Prospectus, Suite, Jefferies, NASH, Therapy, Nicollet Mall, Equity capital markets, Jefferies Group, ATTN:, Evercore

The size of the offering was increased by $100 million subsequent to the initial announcement of the offering.

Key Points: 
  • The size of the offering was increased by $100 million subsequent to the initial announcement of the offering.
  • The gross proceeds to Madrigal from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $600 million.
  • Madrigal has granted the underwriters of the offering a 30-day option to purchase up to an additional 346,153 shares of common stock from the company at the public offering price, less underwriting discounts and commissions.
  • The offering is expected to close on or about March 21, 2024, subject to the satisfaction of customary closing conditions.

Golden State welcomes John Zamboanga and his new financial firm, Tri Valley Wealth Management

Retrieved on: 
Tuesday, March 19, 2024
California State University, Trust, Northwestern Mutual, UBS, Morgan Stanley, Investment, Retirement, Golden State, Bachelor of Economics

SOUTH COAST METRO, Calif., March 19, 2024 (GLOBE NEWSWIRE) -- John Zamboanga joins an esteemed community of veteran financial advisors at Golden State, where he has launched his own California based wealth management firm, Tri Valley Wealth Management.

Key Points: 
  • SOUTH COAST METRO, Calif., March 19, 2024 (GLOBE NEWSWIRE) -- John Zamboanga joins an esteemed community of veteran financial advisors at Golden State, where he has launched his own California based wealth management firm, Tri Valley Wealth Management.
  • John previously worked at Northwestern Mutual, UBS, and Morgan Stanley, where he worked extensively with corporate stock options, and was involved in creating an Executive Stock Option Platform with a Private Wealth Group.
  • In addition, he possesses a successful track record with clients on a wide range of financial, estate, trust, real estate investing, and tax planning strategies.
  • Having earned his Bachelor of Science in Economics from California State University, Sacramento, he possesses more than 20 years of successful experience with capital markets and financial services.

Madrigal Pharmaceuticals Announces Proposed Public Offering

Retrieved on: 
Monday, March 18, 2024
Montgomery Street, Fatty liver disease, UBS, ECM, Madison Avenue, Goldman Sachs, Form, Telephone, Citizenship, Research, Sale, Public expenditure, Attention, Security (finance), Lexington Avenue, Prospectus, Suite, Jefferies, NASH, Therapy, Nicollet Mall, Equity capital markets, Jefferies Group, ATTN:, Evercore

Madrigal also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock offered in the public offering at the public offering price, less underwriting discounts and commissions.

Key Points: 
  • Madrigal also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock offered in the public offering at the public offering price, less underwriting discounts and commissions.
  • All of the shares in the proposed offering are to be sold by Madrigal.
  • Goldman Sachs & Co. LLC, Jefferies, TD Cowen, Evercore ISI, Piper Sandler, UBS Investment Bank and Citizens JMP are acting as joint bookrunning managers of the proposed offering.
  • The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Greystone Closes $425 Million Healthcare CLO

Retrieved on: 
Monday, March 18, 2024
CLO, Goldman Sachs, CRE, Corporate finance, Capital market, Bridge, Nursing, UBS, Freddie Mac, HUD, Fannie Mae, J.P. Morgan & Co., Property management

NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, today announced the closing on March 15, 2024 of Greystone CRE Notes 2024-HC3, a $425 million Commercial Real Estate Collateralized Loan Obligation (CRE CLO) backed exclusively by bridge loans provided by Greystone Monticello on healthcare-related properties.

Key Points: 
  • NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, today announced the closing on March 15, 2024 of Greystone CRE Notes 2024-HC3, a $425 million Commercial Real Estate Collateralized Loan Obligation (CRE CLO) backed exclusively by bridge loans provided by Greystone Monticello on healthcare-related properties.
  • Greystone CRE Notes 2024-HC3 marks Greystone’s sixth overall CRE CLO and the industry’s third-ever CRE CLO comprised solely of healthcare assets, particularly skilled nursing, assisted living, memory care, and independent living facilities, the first two being closed by Greystone in 2018 and 2021.
  • This latest collateral pool for Greystone CRE Notes 2024-HC3 comprises 13 whole loans and 9 participations totaling $397 million that Greystone originated, secured by mortgages on 51 properties in 19 states.
  • Greystone will invest the remaining $28 million of CRE CLO proceeds over the next 180 days into comparable mortgage loan assets.

CMI FINAL DEADLINE ALERT: Hagens Berman, National Trial Attorneys, Encourages Cummins (CMI) Investors with Substantial Losses to Contact Firm Before Mar. 15th Deadline in Securities Fraud Class Action

Retrieved on: 
Friday, March 15, 2024
UBS, SAN, Air pollution, Public, Hagens Berman, CMI, EPA, Person

SAN FRANCISCO, March 15, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Cummins Inc. (NYSE: CMI) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, March 15, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Cummins Inc. (NYSE: CMI) investors who suffered substantial losses to submit your losses now .
  • “We are investigating whether Cummins intentionally made false statements concerning its public health and regulatory compliance,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
  • Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
  • For more information, call Reed Kathrein at 844-916-0895 or email [email protected] .

Freddie Mac Announces Michael T. Hutchins as Interim CEO

Retrieved on: 
Friday, March 15, 2024
Consumer, UBS, Salomon Brothers, Senior, Capital market, Housing, FMCC, Interim, OTCQB, Freddie Mac, Management

MCLEAN, Va., March 15, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that the company has appointed President Michael T. Hutchins to the additional role of Interim Chief Executive Officer (CEO) as the company continues its search for a permanent CEO.

Key Points: 
  • MCLEAN, Va., March 15, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that the company has appointed President Michael T. Hutchins to the additional role of Interim Chief Executive Officer (CEO) as the company continues its search for a permanent CEO.
  • Hutchins was named President of Freddie Mac in 2020 and is a member of the company's Senior Operating Committee.
  • He will continue serving as President and will take on the role of Interim CEO and Board member effective March 16, following the previously announced departure of CEO Michael J. DeVito, who will step down on March 15.
  • “Mike Hutchins is a proven leader who brings a deep understanding of every aspect of Freddie Mac to the role of Interim CEO,” said Lance Drummond, non-executive Chair of Freddie Mac’s Board of Directors.

CMI UBS Comments on Cummins’ (CMI) Record-Setting $1.675 Billion US Environmental Fine Amid Investor Class Action – Hagens Berman

Retrieved on: 
Tuesday, March 12, 2024
UBS, SAN, Air pollution, Public, Hagens Berman, CMI, EPA, Person

SAN FRANCISCO, March 12, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Cummins Inc. (NYSE: CMI) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, March 12, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Cummins Inc. (NYSE: CMI) investors who suffered substantial losses to submit your losses now .
  • Cummins Inc. (CMI) Securities Fraud Class Action:
    In a report to clients, analysts at UBS recently commented on Cummins’ agreement to pay a $1.675 billion fine for installing devices on hundreds of thousands of engines to allow them to emit excess pollution, the largest-ever civil penalty for a Clean Air Act violation.
  • “We are investigating whether Cummins intentionally made false statements concerning its public health and regulatory compliance,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
  • Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

SK Capital Closes Fund VI; Exceeds Target at $2.95 Billion

Retrieved on: 
Thursday, April 4, 2024
Banking, Professional Services, Finance, UBS, Kirkland & Ellis, Investment, LLP, Capital

SK Capital Partners, LP (“SK Capital” or the “Firm”) today announced the final closing of SK Capital Partners VI (“Fund VI”) at $2.95 billion.

Key Points: 
  • SK Capital Partners, LP (“SK Capital” or the “Firm”) today announced the final closing of SK Capital Partners VI (“Fund VI”) at $2.95 billion.
  • The fund is the latest vintage of the Firm’s Flagship private investment strategy.
  • “SK Capital has one of the largest and longest-standing teams dedicated to the sectors in which we invest.
  • “SK Capital is honored to be partnering with such a diverse set of respected and experienced private equity investors,” added SK Capital Managing Director Ben Dillon, who leads the Firm’s investor relations, fundraising and co-investment initiatives.

Trinity Investments, Funds Managed by Oaktree Capital Management, and Funds Managed by UBS Asset Management Acquire Park Hyatt Zurich

Retrieved on: 
Thursday, April 4, 2024
Construction & Property, Lodging, Finance, Destinations, Asset Management, Travel, Professional Services, REIT, Market, Growth, Partnership, UBS, Acquisition, Food, Resorts World, Heart, Investment, Oaktree Capital Management, Hotel

A joint partnership among Trinity Investments (“Trinity”), funds managed by Oaktree Capital Management (“Oaktree”), and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business (“UBS AM REPM MM”) has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements.

Key Points: 
  • A joint partnership among Trinity Investments (“Trinity”), funds managed by Oaktree Capital Management (“Oaktree”), and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business (“UBS AM REPM MM”) has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements.
  • The joint partnership purchased the hotel from an affiliate of Hyatt Hotels Corporation, and the hotel will remain branded as Park Hyatt Zurich under a long-term management agreement with Hyatt.
  • Park Hyatt Zurich occupies a prime island plot in the heart of Zurich’s central business district.
  • “The Park Hyatt Zurich is the perfect launch of Trinity’s business model into Europe,” said Ryan Donn, Managing Partner of Trinity Investments.

Houlihan Lokey Continues Expansion of Private Funds Advisory Capabilities With Senior Hires for U.S. Primary Practice

Retrieved on: 
Thursday, April 4, 2024
Banking, Professional Services, Houlihan Lokey, Culture, GP, J. P. Morgan, Finance, Lazard, UBS, Merrill (company), Executive officer, Brookfield (corporation), Houlihan, Acquisition, Credit Suisse, Mercury, Corporate finance, Morgan Stanley, Capital market, PFG, Jefferies, HSBC, Partner, Financial services

The additions establish Houlihan Lokey as one of the only investment banks in the industry with a single integrated team focused on primary capital raising, secondary capital advisory, direct equity fundraising, and GP stakes advisory.

Key Points: 
  • The additions establish Houlihan Lokey as one of the only investment banks in the industry with a single integrated team focused on primary capital raising, secondary capital advisory, direct equity fundraising, and GP stakes advisory.
  • These hires follow the announcement in December 2023 of the acquisition of Triago Management Development in a major expansion of Houlihan Lokey’s Private Funds Group, led by Global Co-Heads Andy Lund and Cristina Forcina Westermann.
  • At Greenhill & Co., he built and led the Primary Private Capital Advisory business, having joined the firm in 2021 from Mercury Capital Advisors, where he was Head of North America.
  • With the recent acquisition, the firm has shown its clear commitment to being the leader in private capital advisory.