O'Melveny & Myers

Sae-A Trading Announces Definitive Agreement to Acquire Tegra

Retrieved on: 
Tuesday, April 9, 2024
Sae-A Trading, Knowledge, LLP, Acquisition, Tegra, EY, Athlete, Investment, Mizuho, O'Melveny & Myers

Sae-A Trading operates in eight production countries, fully verticalized from yarn spinning, fabric knitting/dyeing, graphic printing, garment washing, and sewing.

Key Points: 
  • Sae-A Trading operates in eight production countries, fully verticalized from yarn spinning, fabric knitting/dyeing, graphic printing, garment washing, and sewing.
  • "We are proud and thrilled to welcome Tegra into the Sae-A family," said WK Kim, Global Sae-A Group Chairman.
  • The integration of Sae-A Trading and Tegra significantly expands the company's geographic presence, and on a combined basis, Sae-A Trading will be a market leader in the Western Hemisphere, complimenting its existing leadership position in Asia.
  • Tegra was advised by Greenhill (Mizuho M&A), O'Melveny & Myers LLP and Palm Tree Advisors; while Baker McKenzie and EY advised Sae-A Trading.

AFC Gamma to Separate Commercial Real Estate Lending Business into Independent Public Company

Retrieved on: 
Thursday, February 22, 2024
SUNS, AFC, Investment, Telephone, CRE, REIT, Sale, ID, Conference, Specialization, O'Melveny & Myers, Security (finance), Bank

ET Today

Key Points: 
  • ET Today
    WEST PALM BEACH, Fla., Feb. 22, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that its Board of Directors has unanimously approved a plan to spin-off its commercial real estate (“CRE”) portfolio into an independent, publicly traded company that intends to elect REIT status, Sunrise Realty Trust, Inc. (“SUNS”).
  • AFC Gamma has solidified its position as a leading institutional lender to state-licensed cannabis operators, and we believe now is the right time to spin off our traditional commercial real estate operations into a standalone public company,” said Daniel Neville, AFC Gamma’s Chief Executive Officer.
  • As two separate companies, AFC Gamma and SUNS each plan to have some overlapping corporate management but will have distinct investment teams and boards of directors comprised primarily of independent directors.
  • First, AFC Gamma will contribute, and SUNS will accept and assume, all the assets, liabilities and business related to AFC Gamma’s commercial real estate lending business, as currently conducted by SUNS, including the operations, properties, services and activities of such business.

Guess?, Inc. and WHP Global to Acquire rag & bone

Retrieved on: 
Friday, February 16, 2024
Retail, Online Retail, Department Stores, Fashion, Acquisition, Woman, Shareholder, Weather, Annual report, WHP, Sage Group, Growth, Timeless, Solomon Partners, Commitment, Risk, Family, O'Melveny & Myers, IP, LLP, GES, Acceleration, Clothing

Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced a definitive agreement to acquire New York-based fashion brand rag & bone.

Key Points: 
  • Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced a definitive agreement to acquire New York-based fashion brand rag & bone.
  • We look forward to partnering with WHP Global to build on rag & bone’s heritage.
  • and WHP Global have entered into a definitive agreement to acquire rag & bone, under which Guess?
  • will acquire and own all the brand's operating assets and assume the related operating liabilities of the rag & bone business.

Institutional Crypto Brokerage Nonco Secures $10m of aggregate new capital in Seed Round, Led by Valor Capital Group and Hack VC

Retrieved on: 
Monday, December 11, 2023
Professional Services, Blockchain, Technology, Cryptocurrency, Finance, Asset Management, Digital Cash Management, Digital Assets, Theta, RBS, Comptroller, Entrepreneurship, Bastion, Partner, O'Melveny & Myers, BTG, OSL, CMCC, Prime brokerage, Currency, Growth, Knowledge, Merrill (company), Bain Capital Ventures

Nonco, an institutional digital asset brokerage firm, announced the close of its seed round today, in which it received a total of $10m of aggregate new capital.

Key Points: 
  • Nonco, an institutional digital asset brokerage firm, announced the close of its seed round today, in which it received a total of $10m of aggregate new capital.
  • The seed round was a combination of equity and convertible notes, the round was led by Valor Capital Group and Hack VC.
  • The capital will be used by Nonco to continue its growth and serve the Americas growing institutional demand.
  • Fernando Martinez, CEO of Nonco, said: “We want to make a statement, and it begins with our name, Nonco, derived from 'nonconformist.'

Francisco Partners Backs the Combination of Muse Group and Hal Leonard, Creating a Leading Global Music Platform

Retrieved on: 
Monday, December 4, 2023
Publishing, Music, Communications, Online, General Entertainment, Licensing (Entertainment), Celebrity, Entertainment, Muses, Lincoln International, LLP, Book, Multimedia, The Walt Disney Company, Partner, Totally Accurate Battle Simulator, Heart, MuseScore, O'Melveny & Myers, Nine Muses (group), Hal Leonard, Francisco Partners, Partnership, P.C, Growth, Education, Video game

Today, Francisco Partners , a leading global investment firm that specializes in partnering with technology and media businesses, announced its growth investment and funding of the combination of Hal Leonard , the legendary sheet music publisher and music-learning provider, and Muse Group , an industry leader in music content and creation.

Key Points: 
  • Today, Francisco Partners , a leading global investment firm that specializes in partnering with technology and media businesses, announced its growth investment and funding of the combination of Hal Leonard , the legendary sheet music publisher and music-learning provider, and Muse Group , an industry leader in music content and creation.
  • “We are excited to partner with Muse Group and Hal Leonard to help enable their combination and usher in the joint company’s next stage of growth.
  • While Hal Leonard will join Muse Group, both companies will retain their respective headquarters in the U.S. and Cyprus, respectively, and distinct operational expertise.
  • Francisco Partners was advised by Akin Gump Strauss Hauer & Feld LLP as its legal advisor.

Liberty Media and SiriusXM Announce Transaction to Simplify Ownership Structure of SiriusXM

Retrieved on: 
Tuesday, December 12, 2023
Liberty Media, Stock dilution, Advertising, Form 10-K, Local, Pandora, Growth, Bank of America, Sport, News, Webcast, Sirius XM, Telephone, Bank, J. P. Morgan, Form, Cost-exchange ratio, Formula One, Participation, Principal, EBITDA, Simpson Thacher & Bartlett, Morgan Stanley, SIRI, Par value, O'Melveny & Myers, Solomon Partners, Prospectus, Proxy, Lead, Policy, Attention, ANY, DeBevoise, Committee, Risk, AS, The Company, Martha Plimpton, AND, Cryptocurrency, Holding company, Insurance, Security (finance), Music, Liberty

ENGLEWOOD, Colo. and NEW YORK, Dec. 12, 2023 /PRNewswire/ -- Liberty Media Corporation ("Liberty Media" or "Liberty") (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) and Sirius XM Holdings Inc. (NASDAQ: SIRI) ("SiriusXM" or the "Company"), the leading audio entertainment company in North America, today announced that they have entered into definitive agreements whereby Liberty Media's Liberty SiriusXM tracking stock group (NASDAQ: LSXMA, LSXMB and LSXMK) (collectively "LSXM"), will be combined with SiriusXM to create a new public company ("New SiriusXM"), which will continue to operate under the SiriusXM name and brand. New SiriusXM will have a single outstanding series of common stock and is expected to continue to be traded on the Nasdaq Global Select Market under the ticker symbol "SIRI".

Key Points: 
  • New SiriusXM will have a simplified ownership structure and benefit from greater strategic flexibility and independence.
  • A wholly owned subsidiary of SplitCo will then merge with SiriusXM, and existing SiriusXM stockholders (other than Liberty Media) will receive 1:1 shares of SplitCo, which will become New SiriusXM.
  • A subsidiary of Liberty Media owning a majority of the outstanding shares of SiriusXM has delivered a written consent approving the transaction on behalf of SiriusXM stockholders.
  • Liberty Media and SiriusXM will hold a joint investor conference call and webcast at 8:30 AM ET to discuss the details of the transaction.

SWIFT CURRENT ENERGY ANNOUNCES 197 MW WIND PROJECT IN TEXAS IS NOW OPERATIONAL

Retrieved on: 
Monday, November 13, 2023
Wind, Climate change, Entrepreneurship, Vinson & Elkins, Project CARS 2, Swift Current, Project, CaixaBank, Goldman Sachs, Target Corporation, O'Melveny & Myers, Inflation, Property management, Latham & Watkins, Community, MUFG, Mitsubishi UFJ Financial Group, Security (finance), Renewable energy, Central Texas, Target

BOSTON and HOUSTON, Nov. 13, 2023 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that its 197 MW Castle Gap Wind project (the "Project") located in Central Texas is now operational and providing power to Target Corporation ("Target"). Community leaders and the Project landowners from Mills and Lampasas Counties as well as representatives from Target and the Project financiers joined Swift Current at Castle Gap Wind last Wednesday to celebrate the Project's completion.

Key Points: 
  • Goldman Sachs provided the tax equity for the project, which was developed and is owned and operated by Swift Current Energy
    BOSTON and HOUSTON, Nov. 13, 2023 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that its 197 MW Castle Gap Wind project (the "Project") located in Central Texas is now operational and providing power to Target Corporation ("Target").
  • "Castle Gap Wind is a momentous project for Swift Current Energy as we grow our projects under asset management and operations," said Eric Lammers, CEO and Co-Founder, Swift Current Energy.
  • "Goldman Sachs is pleased to partner with Swift Current Energy on their Castle Gap Wind project," said Ryan Newman, Head of Tax Equity, Goldman Sachs.
  • Vinson & Elkins LLP and Husch Blackwell LLP represented Swift Current Energy in the project financing transactions.

SKLAR KIRSH PARTNER JUSTIN GOLDSTEIN PROFILED IN THE LA500 BY LOS ANGELES BUSINESS JOURNAL

Retrieved on: 
Thursday, October 5, 2023
Katten Muchin Rosenman, Constitutional right, Partnership, Professional, O'Melveny & Myers, Creativity, First Amendment to the United States Constitution, Privacy, Bankruptcy, Los Angeles Business Journal, Video game, Property management

LOS ANGELES, Oct. 5, 2023 /PRNewswire/ -- Los Angeles-based law boutique Sklar Kirsh LLP announced that Partner Justin Goldstein has been profiled in the LA500 by Los Angeles Business Journal for the fourth year running.

Key Points: 
  • LOS ANGELES, Oct. 5, 2023 /PRNewswire/ -- Los Angeles-based law boutique Sklar Kirsh LLP announced that Partner Justin Goldstein has been profiled in the LA500 by Los Angeles Business Journal for the fourth year running.
  • The LA500 recognizes the most influential and esteemed professionals in the Los Angeles area.
  • "Our team has, once again, taken on the challenging project of researching, identifying and highlighting and most influential, most powerful and most impactful business professionals in the Los Angeles region," says the publisher.
  • Goldstein chairs the litigation practice group at Sklar Kirsh, where he is also a member of the firm's management committee.

GOLDEN STATE FOODS APPOINTS CAMERON G. SMITH AS DEPUTY GENERAL COUNSEL

Retrieved on: 
Thursday, September 14, 2023
University, Western Digital, Financial services, University of Michigan Law School, Health care, GSF, O'Melveny & Myers, Brigham Young University, District court, Myers, Ethics, Douglas v. U.S. District Court ex rel Talk America, Golden State Foods, Michigan Supreme Court

IRVINE, Calif., Sept. 14, 2023 /PRNewswire/ -- Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice and retail industries, is pleased to announce the appointment of Cameron G. Smith as deputy general counsel, effective this week.

Key Points: 
  • IRVINE, Calif., Sept. 14, 2023 /PRNewswire/ -- Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice and retail industries, is pleased to announce the appointment of Cameron G. Smith as deputy general counsel, effective this week.
  • "Cameron is an accomplished professional with strong values and ethics," said John Page, GSF executive vice president and chief administrative officer.
  • Cameron will also help advance the organization's regulatory and emerging matters in governmental relations and affairs as part of his role at the company."
  • Cameron also spent a year as a law clerk for a judge of the U.S. District Court, Central District of California (Santa Ana, California).

PALLADIUM NAMES NEW PARTNERS

Retrieved on: 
Wednesday, September 13, 2023
University, EY, Lincolnshire Management, Wharton School of the University of Pennsylvania, Daniel Jewel, Business, Greenberg Traurig, BofA Securities, Kate, Partner (business rank), PG, George Washington University, Columbia Business School, CIBC World Markets, Civil Service (United Kingdom), Investment, Risk, Heritage, O'Melveny & Myers, Growth, Entrepreneurship, Bank, Cornell University, Hilltop, Information services, Valuation, Cryptocurrency, Indiana University, Palladium, Economics, Partner

NEW YORK, Sept. 13, 2023 /PRNewswire/ -- Palladium Equity Partners, LLC, a middle market private equity buyout firm with over $3 billion in assets under management, today announced it has promoted three of its senior professionals -- Alexander J. Funk, Nancy A. Mitchell and Katherine A. Lehman -- to Partner, effective January 1, 2024. In addition, Dale O'Connell has been named Managing Director, Co-Head of Fundraising and Investor Relations, effective immediately.

Key Points: 
  • She also serves on the Board of Directors of Palladium portfolio company Envoy Global and Palladium Heritage portfolio company Southwest Strategies.
  • Prior to joining Palladium, Ms. Mitchell was a partner at O'Melveny & Myers, an international law firm.
  • Katherine A. Lehman joined Palladium in 2022 as Partner, Palladium Heritage after serving as a consultant in 2021.
  • Ms. Lehman, who leads the Palladium Heritage strategy, has been promoted to Partner of the Firm.