Antares

Landsea Homes Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024
Absorption, Growth, Christopher Landsea, Adjustment, Antares, DFW, Video game

“Landsea Homes ended 2023 on a strong note, as the company posted healthy profits and a significant year-over-year increase in net new orders in the fourth quarter”, said John Ho, Landsea Homes’ Chief Executive Officer.

Key Points: 
  • “Landsea Homes ended 2023 on a strong note, as the company posted healthy profits and a significant year-over-year increase in net new orders in the fourth quarter”, said John Ho, Landsea Homes’ Chief Executive Officer.
  • Total homes delivered decreased 6% to 664 homes at an average sales price of $572,000 compared to 703 homes at an average sales price of $594,000 in the fourth quarter of 2022.
  • Home sales gross margin was 15.9% in the fourth quarter of 2023, compared to 19.0% in the prior year period.
  • As a result, I am very optimistic about the future of Landsea Homes.”
    The Company will hold a conference call today at 10:00 a.m. Eastern Time to discuss its fourth quarter 2023 results.

Nautic Partners Announces Acquisition of SurfacePrep in Partnership With Management

Retrieved on: 
Friday, February 23, 2024
Professional Services, Other Natural Resources, Manufacturing, Finance, Natural Resources, Other Manufacturing, Acquisition, Multimedia, Partnership, Nautic Partners, Growth, MRO, Winston Churchill, McDermott Will & Emery, KeyBank, Gibson Dunn, Partner, Antares

Nautic Partners, LLC (“Nautic”) is pleased to announce that it has completed the acquisition of SurfacePrep, in partnership with management.

Key Points: 
  • Nautic Partners, LLC (“Nautic”) is pleased to announce that it has completed the acquisition of SurfacePrep, in partnership with management.
  • View the full release here: https://www.businesswire.com/news/home/20240223373826/en/
    Headquartered in Grand Rapids, Michigan, SurfacePrep is a leading national and international distributor of surface enhancement solutions.
  • Mike Currie, CEO of SurfacePrep, said, “This partnership with Nautic marks an exciting new chapter for SurfacePrep, with a focus on accelerating performance while continuing to provide our customers the excellent service, solutions, and products they expect.
  • KeyBanc Capital Markets and Gibson, Dunn & Crutcher LLP advised SurfacePrep.

Firefly Aerospace Doubles Facilities in Briggs, Texas to Support Medium Launch Vehicle

Retrieved on: 
Wednesday, February 28, 2024
AFP, Antares (rocket), Lightning, Carbon, Antares, Grumman, Alpha, Firefly, Reaver, Firefly Aerospace

BRIGGS, Texas, Feb. 28, 2024 /PRNewswire/ -- Firefly Aerospace, Inc., an end-to-end space transportation company, today held an official ribbon cutting in celebration of the company's Rocket Ranch expansion in Briggs, Texas. Firefly more than doubled the size of its manufacturing facilities, added two new test stands, and installed state-of-the-art machinery to support the production of Northrop Grumman's Antares 330 and the Medium Launch Vehicle (MLV) the companies are co-developing together. 

Key Points: 
  • BRIGGS, Texas, Feb. 28, 2024 /PRNewswire/ -- Firefly Aerospace, Inc. , an end-to-end space transportation company, today held an official ribbon cutting in celebration of the company's Rocket Ranch expansion in Briggs, Texas.
  • Firefly more than doubled the size of its manufacturing facilities, added two new test stands, and installed state-of-the-art machinery to support the production of Northrop Grumman's Antares 330 and the Medium Launch Vehicle (MLV) the companies are co-developing together.
  • Firefly's expanded manufacturing space from 92,000 to 207,000 square feet includes two new large-scale buildings for rocket production, assembly, and integration.
  • In total, Firefly now has six test stands at its Briggs location to support the robust testing performed across all vehicle lines.

Antares Taps Jack Snyder to Spearhead Firm’s Private Wealth Strategy

Retrieved on: 
Wednesday, January 24, 2024
Asset Management, Professional Services, Finance, Investment, Capital, Asset management, Nuveen, RIA, IBD, Private banking, Antares, Cryptocurrency

Antares Capital (“Antares”), a leading alternative asset manager with $67B+ in capital under management and administration, today announced that Jack Snyder has joined the firm as Managing Director, Head of U.S.

Key Points: 
  • Antares Capital (“Antares”), a leading alternative asset manager with $67B+ in capital under management and administration, today announced that Jack Snyder has joined the firm as Managing Director, Head of U.S.
  • In this newly created role, Mr. Snyder will oversee the launch of Antares’ private wealth strategy, where he will play an integral role in increasing the firm’s assets under management through the development of strategic relationships in the wealth channel.
  • “Private wealth is an important driver of our growth strategy, and Jack’s addition will be critical in meeting the demand for alternative credit solutions in the private wealth channel.”
    Mr. Snyder has a proven track record in alternatives distribution and robust experience in the Wirehouse, IBD, RIA and Private Bank channels.
  • “The U.S. wealth channel represents a vast market opportunity for alternative credit, which is why I’m excited to join Antares and build out their wealth platform,” said Mr. Snyder.

KAZIA CONTINUES BOARD RENEWAL WITH TWO NEW APPOINTMENTS

Retrieved on: 
Thursday, January 18, 2024
Corporation, Executive Committee, Temple University, Antares, Lilly, Eli Lilly and Company, KZIA, Eli Lilly, Acquisition, Carmine, Finance, Marketing, Growth, Management

Mr. Apple also served on the Board of Directors at Antares from 2016 until May 2022.

Key Points: 
  • Mr. Apple also served on the Board of Directors at Antares from 2016 until May 2022.
  • He previously served on the Boards of Directors of InKine Pharmaceutical, PaxMedica Inc., and Kerathin Inc.
  • In a further renewal of the Board, Non-Executive Director Mr. Bryce Carmine has been appointed Chairman.
  • Commenting on the Board appointments, Kazia's CEO Dr. John Friend said: "We are delighted that Bryce has accepted the role of Chairman and that Bob has agreed to join the Board.

United Sports Brands Rejoins Norwest Equity Partners Portfolio

Retrieved on: 
Monday, November 27, 2023
Professional Services, Sports, Running, Outdoors, Finance, General Sports, Biking, Cycling, Wahoo Fitness, Antares, NEP, Acquisition, PEARL, BMO, Collection, USB, History, NRDC Equity Partners, Sports medicine, Growth, Athlete, Family, Pelican Products, Knowledge, Lazard, Network equipment provider

Norwest Equity Partners (“NEP”), a leading middle market investment platform founded in 1961, has acquired United Sports Brands (“USB” or the “Company”), a dynamic portfolio of category-defining sporting goods and active lifestyle brands.

Key Points: 
  • Norwest Equity Partners (“NEP”), a leading middle market investment platform founded in 1961, has acquired United Sports Brands (“USB” or the “Company”), a dynamic portfolio of category-defining sporting goods and active lifestyle brands.
  • With a collection of six unique brands — Shock Doctor, McDavid, Cutters, Nathan, PEARL iZUMi, and Glukos — USB is dedicated to advancing athletes with best-in-class sports performance and protective products.
  • NEP’s history with USB brands dates to 2008, when it acquired Shock Doctor as part of its consumer products portfolio.
  • NEP sold Shock Doctor to Bregal Partners in 2014, which subsequently turned into United Sports Brands after expanding the brand portfolio through numerous acquisitions under Armand’s leadership.

Teva Announces Approval of a Generic Version of Forteo® (teriparatide injection), in the U.S.

Retrieved on: 
Friday, November 17, 2023
FDA, Pharmaceutical, Health, Medicine, Vomiting, Digoxin, Osteoporosis, Woman, Urine, Antares, NYSE, Bone disease, Calcium, Spine, Prednisone, Constipation, Allergy, History, IQVIA, Patient, Arthralgia, Medication, TEVA, Fracture, Muscle weakness, System, Blood, Tongue, Vitamin, Bone tumor, Nausea, Kidney, Pain, Swelling, Osteosarcoma, Skin, Rat, TASE, Injection, Face, Blood pressure, Generic drug, Dietary supplement, Pharmaceutical industry, Vaccine, Birth control, Injection moulding, Medical imaging, Poultry farming, Phosphorus, Teriparatide, Teva

Teva Pharmaceuticals Inc., a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), announced today the approval of a generic version of Forteo®1, in the United States.

Key Points: 
  • Teva Pharmaceuticals Inc., a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), announced today the approval of a generic version of Forteo®1, in the United States.
  • Currently, 1 in 12 generic prescriptions dispensed in the U.S. is filled with a Teva generic product.
  • Teva’s generic equivalent of Forteo® (teriparatide injection) utilizes the Antares Pharma, Inc. multi-dose pen device.
  • Teriparatide injection can lessen the chance of broken bones (fractures) in the spine and other bones in postmenopausal women with osteoporosis.

Firefly Aerospace Completes First Miranda Engine Hot Fire Test

Retrieved on: 
Tuesday, November 28, 2023
Carbon, International Space Station, Lightning, Automation, Risk, Grumman, Culture, Reaver, MLV, Alpha, Antares (rocket), Firefly Aerospace, Architecture, Communications satellite, Antares, Firefly

CEDAR PARK, Texas, Nov. 28, 2023 /PRNewswire/ -- Firefly Aerospace, Inc., an end-to-end space transportation company, completed the first hot fire test for its Miranda engine that will power the first stage of Northrop Grumman's Antares 330 and the Medium Launch Vehicle (MLV) the companies are co-developing together. The critical milestone was completed just over a year after signing the initial contract.

Key Points: 
  • CEDAR PARK, Texas, Nov. 28, 2023 /PRNewswire/ -- Firefly Aerospace, Inc. , an end-to-end space transportation company, completed the first hot fire test for its Miranda engine that will power the first stage of Northrop Grumman's Antares 330 and the Medium Launch Vehicle (MLV) the companies are co-developing together.
  • The turbopump-fed engine test further validates the design of Miranda's startup sequence, transient conditions, and tap-off engine architecture at a larger scale.
  • As a next step, the Firefly team will build up to a full-duration, 206-second Miranda hot fire.
  • "The incredible progress on our Miranda engines – designed, built, and tested in house in just over a year – is another example of Firefly setting a new standard in the industry," said Bill Weber, CEO of Firefly Aerospace.

Antares Capital Closes $450 Million BSL CLO, Hires Three Executives to Support Continued Growth of Liquid Credit Team

Retrieved on: 
Tuesday, October 24, 2023
Banking, Asset Management, Professional Services, Finance, BBA, Avenue Capital Group, Investcorp, MBA, BA, High-yield debt, Wharton School of the University of Pennsylvania, Lisp (programming language), Growth, JPMorgan Chase, University of California, Irvine academics, UBS, Widener University Commonwealth Law School, CIT, University, Hofstra University, HPS, Investment, BSL, Capital, Security (finance), Antares, New York University

The close comes on the heels of three recent new senior hires to the firm’s New York-based Liquid Credit team, underscoring the firm’s continued growth in the space.

Key Points: 
  • The close comes on the heels of three recent new senior hires to the firm’s New York-based Liquid Credit team, underscoring the firm’s continued growth in the space.
  • “We’re pleased that our first BSL CLO was very well received by the market,” said Vivek Mathew, head of asset management for Antares.
  • As of June 30, 2023, the firm has approximately $12 billion of assets under management across 12 private credit CLOs.
  • Amid the strong momentum of its Liquid Credit platform, the firm also appointed three new senior executives, including:
    Rob Davis – Managing Director, Liquid Credit.

Antares Receives Baa2 Investment Grade Issuer Rating from Moody’s Investors Service

Retrieved on: 
Wednesday, August 2, 2023
Banking, Professional Services, Finance, Antares, CPP Investment Board, BAA2, Investment, Face, Bank

Antares Holdings LP (“Antares”) today announced that Moody’s Investors Service (“Moody’s”) has assigned the firm an investment grade issuer rating of Baa2 with a stable outlook, supported, in part, by Antares’ long-term track record and demonstrated performance across credit cycles.

Key Points: 
  • Antares Holdings LP (“Antares”) today announced that Moody’s Investors Service (“Moody’s”) has assigned the firm an investment grade issuer rating of Baa2 with a stable outlook, supported, in part, by Antares’ long-term track record and demonstrated performance across credit cycles.
  • The inaugural Moody’s rating represents Antares’ third investment grade rating, in addition to Fitch Ratings, Inc. (“Fitch”) and DBRS Morningstar (“DRBS”) which were reaffirmed in 2023.
  • “We are pleased with the investment grade rating assigned to us by Moody’s, which is further validation of the strength of our high-quality, scaled and diverse loan portfolio,” said Timothy Lyne, Chief Executive Officer of Antares Capital.
  • The rating also reflects the strategic importance of Antares to CPP Investments, the firm’s majority owner.