Hughes Hubbard & Reed

Blank Rome Bolsters IP Litigation Practice with Addition of Partner Andrew Kopsidas in Washington, D.C.

Retrieved on: 
Thursday, January 4, 2024

He joins Blank Rome from Hughes Hubbard & Reed and previously practiced at Fish & Richardson for more than 20 years.

Key Points: 
  • He joins Blank Rome from Hughes Hubbard & Reed and previously practiced at Fish & Richardson for more than 20 years.
  • The firm has experienced strategic growth in its IP practice over the past 18 months, adding 12 partners, associates, and patent agents.
  • Blank Rome has earned a national reputation for its IP capabilities and the expanded team enhances the firm’s deep bench of IP attorneys, as well as its geographic reach.
  • “We are excited to welcome Andrew to the firm,” said Grant S. Palmer , Blank Rome’s Chair and Managing Partner.

Griffin Global Asset Management and Bain Capital Special Situations Have Agreed to Acquire a Pool of Rolls-Royce Spare Engines

Retrieved on: 
Tuesday, October 24, 2023

DUBLIN, Ireland, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management (“Griffin”) and Bain Capital Special Situations (“Bain Capital”) today announced they have agreed to acquire 17 new technology Rolls-Royce Engines, including Trent XWB-84s, Trent XWB-97s, Trent 1000s, and Trent 7000s.

Key Points: 
  • DUBLIN, Ireland, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management (“Griffin”) and Bain Capital Special Situations (“Bain Capital”) today announced they have agreed to acquire 17 new technology Rolls-Royce Engines, including Trent XWB-84s, Trent XWB-97s, Trent 1000s, and Trent 7000s.
  • The engines will be owned by a newly formed standalone entity and used as spares by the Rolls-Royce global customer base.
  • This transaction further demonstrates Griffin and Bain Capital’s ability to provide bespoke solutions to airlines, original equipment manufacturers, and others across the industry.
  • Hughes Hubbard & Reed LLP and Akin Gump Strauss Hauer & Feld LLP acted as legal advisors to Griffin and Bain Capital, while Milbank LLP acted as legal advisors to the Lenders.

ATTENTION DIRECT AND INDIRECT HOLDERS OF SECURITIES ISSUED BY AGILETHOUGHT, INC.:

Retrieved on: 
Friday, October 6, 2023

( [email protected] ) & Christopher Gartman, Esq.

Key Points: 
  • ( [email protected] ) & Christopher Gartman, Esq.
  • ( [email protected] )); and Potter Anderson & Corroon LLP, 1313 North Market Street, Sixth Floor, P.O.
  • Box 951, Wilmington, Delaware 19801, (Attn: Jeremy W. Ryan, Esq.
  • ( [email protected] ) & Gregory J. Flasser, Esq.

ATTENTION DIRECT AND INDIRECT HOLDERS OF SECURITIES ISSUED BY AGILETHOUGHT, INC.:

Retrieved on: 
Wednesday, September 6, 2023

( [email protected] ) & Christopher Gartman, Esq.

Key Points: 
  • ( [email protected] ) & Christopher Gartman, Esq.
  • ( [email protected] )); and Potter Anderson & Corroon LLP, 1313 North Market Street, Sixth Floor, P.O.
  • Box 951, Wilmington, Delaware 19801, (Attn: Jeremy W. Ryan, Esq.
  • ( [email protected] ) & Gregory J. Flasser, Esq.

AgileThought Announces Strategic Financial Restructuring to Strengthen Financial Future

Retrieved on: 
Monday, August 28, 2023

To ensure a smooth transition and protection for all stakeholders, AgileThought will effectuate the transaction through a 90-day Chapter 11 reorganization process under the U.S. Bankruptcy Code.

Key Points: 
  • To ensure a smooth transition and protection for all stakeholders, AgileThought will effectuate the transaction through a 90-day Chapter 11 reorganization process under the U.S. Bankruptcy Code.
  • Post-reorganization, we will emerge with significantly reduced debt and a private ownership structure, fortifying an even stronger and healthier AgileThought.
  • This financial restructuring is anticipated to further enhance the services and support clients have come to expect from AgileThought.
  • Ropes & Gray LLP and FTI Consulting are serving as legal and financial advisors to Blue Torch.

AgileThought Announces Strategic Financial Restructuring to Strengthen Financial Future

Retrieved on: 
Monday, August 28, 2023

IRVING, Texas, Aug. 28, 2023 /PRNewswire/ -- AgileThought, Inc. ("AgileThought" or the "Company"), a global provider of digital transformation services, agile software development, and next generation technology solutions, today announced additional working capital funding, a go-private transaction, and restructuring that, combined, will reduce the Company's debt load, infuse new capital into the business, and provide a firm financial foundation for its future. This transaction is underpinned by an asset purchase agreement with affiliates of Blue Torch Finance, LLC ("Blue Torch"), the Company's senior secured lenders, and marks a pivotal step in AgileThought's journey towards long-term success and enhanced service delivery.

Key Points: 
  • This strategic financial reorganization will pair our already robust and thriving organization with a capital structure that matches, and this move will allow us to operate even more efficiently.
  • Post-reorganization, we will emerge with significantly reduced debt and a private ownership structure, fortifying an even stronger and healthier AgileThought."
  • This financial restructuring is anticipated to further enhance the services and support clients have come to expect from AgileThought.
  • Ropes & Gray LLP and FTI Consulting are serving as legal and financial advisors to Blue Torch.

Griffin Global Asset Management Holdings, Ltd. Closes $525 Million Unsecured Revolving Credit Facility

Retrieved on: 
Monday, August 7, 2023

DUBLIN, Ireland, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management Holdings, Ltd. (“Griffin Corporate”) announces the closing of a 3-year unsecured revolving credit facility for $525 million.

Key Points: 
  • DUBLIN, Ireland, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management Holdings, Ltd. (“Griffin Corporate”) announces the closing of a 3-year unsecured revolving credit facility for $525 million.
  • Mizuho Bank, Ltd. acted as Administrative Agent and Lead Arranger for the unsecured revolving credit facility.
  • “We are delighted to announce the closing of our unsecured revolving credit facility, which is an important milestone in building an investment grade balance sheet.
  • This $525 million facility provides Griffin Corporate with flexible and attractively priced capital as we continue to deliver new aircraft.

SymphonyAI Acquires Market Leader 1010data to Expand Enterprise AI Capabilities in Retail, CPG, and Financial Services

Retrieved on: 
Wednesday, June 7, 2023

PALO ALTO, Calif., June 7, 2023 /PRNewswire/ -- SymphonyAI, a leader in high-value enterprise AI SaaS for strategic industries, has acquired 1010data, a leading technology platform provider of decision science, data management, and data analytics. 

Key Points: 
  • 1010data brings its robust product portfolio, market presence, and brand recognition to SymphonyAI's existing vertical solutions.
  • "We are incredibly excited about the acquisition of 1010data," said Manish Choudhary, president and CEO of SymphonyAI Retail CPG.
  • "This strategic move further solidifies our commitment to revolutionizing the retail, CPG, and financial services sectors through predictive and generative AI.
  • Evercore and Hughes Hubbard & Reed LLP advised 1010data and Bryan Cave Leighton Paisner advised SymphonyAI on the acquisition.

Madison Square Garden Entertainment Corp. Agrees to Sell Majority Interest in Tao Group Hospitality

Retrieved on: 
Monday, April 17, 2023

Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment” or “Company”) today announced that it has agreed to sell its 66.9% majority interest in Tao Group Hospitality to Mohari Hospitality, a global investment company focused on the luxury lifestyle and hospitality sectors, in a transaction that values Tao Group Hospitality at $550 million.

Key Points: 
  • Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment” or “Company”) today announced that it has agreed to sell its 66.9% majority interest in Tao Group Hospitality to Mohari Hospitality, a global investment company focused on the luxury lifestyle and hospitality sectors, in a transaction that values Tao Group Hospitality at $550 million.
  • Upon completion of the sale of its majority interest, MSG Entertainment expects to receive net cash proceeds of approximately $300 million.
  • Since MSG Entertainment acquired a majority interest in 2017, Tao Group Hospitality has transformed into a global powerhouse in entertainment dining and hospitality, with a portfolio of over 80 branded locations in over 20 markets across four continents.
  • Effective as of the closing of the sale, the Company will enter into multi-year agreements with Tao Group Hospitality for ongoing consulting, marketing, and support services at Madison Square Garden and Sphere in Las Vegas.

Arrival Advances U.S. Commercialization Plans Through Business Combination with Kensington Capital Acquisition Corp. V

Retrieved on: 
Thursday, April 6, 2023

Arrival (Nasdaq: ARVL) has entered into a business combination agreement with Kensington Capital Acquisition Corp. V (NYSE: KCGI.U).

Key Points: 
  • Arrival (Nasdaq: ARVL) has entered into a business combination agreement with Kensington Capital Acquisition Corp. V (NYSE: KCGI.U).
  • LUXEMBOURG and WESTBURY, N.Y., April 06, 2023 (GLOBE NEWSWIRE) -- Arrival (Nasdaq: ARVL) (“Arrival” or the “Company”), inventor of a unique new method of design and production of electric vehicles (“EVs”), and Kensington Capital Acquisition Corp. V (“Kensington”) (NYSE: KCGI.U), a special purpose acquisition company, today announced their entry into a definitive agreement for a business combination.
  • Its XL Van is purpose-built to target the high-margin, last-mile delivery market, which Arrival believes is currently underserved by large-scale OEMs.
  • Arrival performs design and manufacturing in-house, eliminating the limitations of the traditional use of standardized truck chassis and second-stage manufacturers.