MDP

Intermedia Cloud Communications Completes $345 Million Refinancing of Balance Sheet

Retrieved on: 
Friday, April 5, 2024
Cloud, Education, Media, TD Securities, Madison Dearborn Partners, Government, Investment, MDP, Intermedia, Health, Bank

SUNNYVALE, Calif., April 5, 2024 /PRNewswire/ -- Intermedia Cloud Communications, a leading global provider of intelligent cloud communications and collaboration applications to businesses and the partners that serve them, today announced that it has completed a $345 million refinancing of its balance sheet by entering into a new revolving credit facility and term loan with certain of its existing lenders. The new term loan, which along with the new revolving credit facility provides Intermedia with increased flexibility to invest in its business, has a maturity date due in April 2029. The refinancing was made possible as a result of Intermedia's strong financial performance, including high growth in its revenue and profitability.

Key Points: 
  • The refinancing was made possible as a result of Intermedia's strong financial performance, including high growth in its revenue and profitability.
  • "Our new financing facilities increase our financial flexibility as we continue to invest in our cloud communications and collaboration offerings and partner relationships.
  • As businesses increasingly transition from outdated on-premises communications systems to agile cloud solutions, Intermedia's position in the market continues to strengthen.
  • For more information about Intermedia Cloud Communications, visit www.intermedia.com .

Tornante Company and Madison Dearborn Partners Sell TDS Gift Cards to Ziff Davis

Retrieved on: 
Thursday, February 22, 2024
Professional Services, Retail, Specialty, Finance, Asset Management, Consulting, Banking, Apax Partners, Candy, Investment, Friends, Growth, Sale, Pleasure, Madison Dearborn Partners, Ring Pop, ZD, MDP, Fanaticism, Partnership, Management

Michael D. Eisner’s Tornante Company and Madison Dearborn Partners (“MDP”) today announced that they have sold TDS Gift Cards to Ziff Davis (Nasdaq: ZD) in an all-cash transaction.

Key Points: 
  • Michael D. Eisner’s Tornante Company and Madison Dearborn Partners (“MDP”) today announced that they have sold TDS Gift Cards to Ziff Davis (Nasdaq: ZD) in an all-cash transaction.
  • The sale marks the last piece of the former Topps companies portfolio, which was owned by Tornante Company and funds affiliated with MDP, to be sold, and ends a partnership that began in 2007.
  • “This all started with reading an article about Topps back in 2007 that sparked our interest in the company.
  • Madison Dearborn Partners, LLC is a leading private equity investment firm based in Chicago.

Energy Transition Tax Specialist Jennifer Speck Joins Bracewell

Retrieved on: 
Thursday, January 18, 2024
Wind, Knowledge, Northeastern State University, Carbon, Navigator, Quality control, University, MDP, Inflation, Bracewell LLP, Renewable energy

"Her energy transition tax credit experience brings additional depth to our market-leading tax and energy practices."

Key Points: 
  • "Her energy transition tax credit experience brings additional depth to our market-leading tax and energy practices."
  • Speck advises clients on the qualifications for, and the monetization of, energy transition tax incentives.
  • "Jenny has significant experience in critical tax credits for carbon capture and other energy transition projects," said Elizabeth L. McGinley, chair of Bracewell's tax department.
  • Bracewell's tax department is nationally recognized for its experience involving tax matters related to the energy industry and has spearheaded the development of one of the country's largest multi-disciplinary legal teams focused on the energy transition.

The Herzfeld Caribbean Basin Fund, Inc. Extends Expiration Date of Non-Transferable Rights Offering; Reinstates Quarterly Distribution; Revises Self-Tender Policy; Extends Management Fee Waiver; and Reports Results of Annual Stockholder Meeting

Retrieved on: 
Wednesday, November 22, 2023
Internal Revenue Code, NAV, Plan, Eastern Time Zone, Sale, Tender offer, MDP, Prospectus, Annual general meeting, Calendar, Letter, Code, Subscription business model, Tender, Expiration, Rights, Security (finance), Lifting, Policy, Environment, Cryptocurrency

See “The Offering – Payment for Shares.”

Key Points: 
  • See “The Offering – Payment for Shares.”
    The Rights Offer will expire at 5:00 p.m., Eastern Time, on December 13, 2023, the Expiration Date.
  • Details with respect to record date, payment date and other terms of the Q4 2023 quarterly distribution will be provided at a later date.
  • The primary purpose of the MDP is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution each quarter.
  • In addition, the Fund held its annual stockholder meeting on November 16, 2023 (“Annual Meeting”).

Aon to acquire NFP, a leading middle-market provider of risk, benefits, wealth and retirement plan advisory solutions

Retrieved on: 
Wednesday, December 20, 2023
Slate, UBS, Workforce, Vahe, Partnership, Cravath, Swaine & Moore, Risk, TD Securities, EPS, Interest, Jefferies Group, Acquisition, LLP, MDP, Ropes & Gray, HPS, Citigroup, BofA Securities, Madison Dearborn Partners, Aon (company), AON, NFP, Growth, Investment, McDermott Will & Emery, Financial services

The acquisition of NFP expands Aon's presence in the large and fast-growing middle-market segment, with capabilities across risk, benefits, wealth and retirement plan advisory.

Key Points: 
  • The acquisition of NFP expands Aon's presence in the large and fast-growing middle-market segment, with capabilities across risk, benefits, wealth and retirement plan advisory.
  • "We have continually evolved our leading capabilities to better serve our clients' growing needs amidst increasing volatility across the marketplace," said Greg Case, CEO of Aon.
  • "The acquisition will advance our relevance to clients, create opportunities for our colleagues and further strengthen our shared cultural values.
  • NFP is a leader in property and casualty brokerage, benefits consulting, wealth management and retirement plan consulting for middle-market clients with more than 7,700 colleagues.

Aon to acquire NFP, a leading middle-market provider of risk, benefits, wealth and retirement plan advisory solutions

Retrieved on: 
Wednesday, December 20, 2023
Slate, UBS, Workforce, Vahe, Partnership, Cravath, Swaine & Moore, Risk, TD Securities, EPS, Interest, Jefferies Group, Acquisition, LLP, MDP, Ropes & Gray, HPS, Citigroup, BofA Securities, Madison Dearborn Partners, Aon (company), AON, NFP, Growth, Investment, McDermott Will & Emery, Financial services

The acquisition of NFP expands Aon's presence in the large and fast-growing middle-market segment, with capabilities across risk, benefits, wealth and retirement plan advisory.

Key Points: 
  • The acquisition of NFP expands Aon's presence in the large and fast-growing middle-market segment, with capabilities across risk, benefits, wealth and retirement plan advisory.
  • "We have continually evolved our leading capabilities to better serve our clients' growing needs amidst increasing volatility across the marketplace," said Greg Case, CEO of Aon.
  • "The acquisition will advance our relevance to clients, create opportunities for our colleagues and further strengthen our shared cultural values.
  • NFP is a leader in property and casualty brokerage, benefits consulting, wealth management and retirement plan consulting for middle-market clients with more than 7,700 colleagues.

Madison Dearborn Partners Acquires T2S Solutions to Enable Continued Growth and Innovation in Support of U.S. Defense and Intelligence Missions

Retrieved on: 
Wednesday, November 29, 2023
Electronic Design Automation, White House, Federal Government, Security, Aerospace, Satellite, Manufacturing, Government Technology, Technology, Finance, Homeland Security, Professional Services, Defense, Public Policy, Government, Artificial Intelligence, Software, Engineering, Aevex Aerospace, Machine learning, Entrepreneurship, Bell Labs, ACTION (U.S. government agency), Crowell & Moring, National Program Office, Investment, Artificial intelligence, Navigation, Multimedia, SpiderOak, LGS, Madison Dearborn Partners, IC, Federal, BofA Securities, Command, Intelligence community, C4ISR, Control, Growth, Space, Unison, MDP, Holland & Knight, Kirkland & Ellis, Management, Computer security, T2S, Surveillance, Intelligence

The T2S founders will retain a significant minority ownership position and will continue to lead the Company.

Key Points: 
  • The T2S founders will retain a significant minority ownership position and will continue to lead the Company.
  • We’re excited to partner with MDP as we continue on our mission to deliver increasingly innovative technologies and solutions while maintaining our rapid growth.
  • Today, we are strategically positioned at the center of high-priority defense technology areas that will see significant growth for years to come,” said Tim Jahnigen, Co-Founder & Chief Growth Officer of T2S.
  • Raymond James served as financial advisor to MDP and Kirkland & Ellis and Crowell & Moring provided legal counsel.

Mitsubishi Corporation Announcement Sale of Australian Metallurgical Coal Assets

Retrieved on: 
Wednesday, October 18, 2023
MC, Metal, BMA, BHP, Blackwater, Mineral, MDP, Coal, Automotive industry, Daunians

The Daunia and

Key Points: 
  • The Daunia and
    Blackwater mines are part of the BMA joint venture, which MDP and
    thermal and metallurgical coal assets in New South Wales.
  • high-quality metallurgical coal from the remaining BMA assets,
    which form a core part of our mineral resources portfolio.
  • high-quality metallurgical coal and iron ore.
  • Moreover, MC will
    business in metals and minerals underpinning electrification, such
    a footprint in a future circular economy.

NewHydrogen CEO Steve Hill Interviews Hydrogen Visionary Johannes Schwank

Retrieved on: 
Wednesday, October 11, 2023
Food, Congress, Chemical engineering, MDP, Ammonia, Chulalongkorn University, University, Carbon, Interim, Doctor of Philosophy, University of Innsbruck, Creativity, Google Scholar, Physical chemistry, Optimism, Hydrogen, James, Water, Oil, Chemical substance

SANTA CLARITA, Calif., Oct. 11, 2023 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of a breakthrough technology that uses clean energy and water to produce the world’s cheapest green hydrogen, today announced that in a recent podcast, the Company’s CEO, Steve Hill, spoke with Dr. Johannes Schwank, an eminent authority in physical chemistry and chemical engineering at the University of Michigan, about the future of hydrogen as an energy carrier.

Key Points: 
  • Reflecting on progress since his Congressional testimony in 2003, he noted, “The world is recognizing that we need to get our arms around hydrogen as an energy carrier.
  • And, if I’m not mistaken, just in the last few years, about 20 different countries have finally caught on and developed a national hydrogen strategy.”
    After discussing the recent surge of interest in hydrogen, Dr. Schwank said, “I am extremely optimistic ...
  • Schwank’s inspiring vision reaffirms that the green hydrogen revolution is not just inevitable; it’s a transformative force propelling us towards a sustainable future.”
    Dr. Johannes Schwank holds a Ph.D. in Physical Chemistry from Innsbruck University in Austria.
  • Dr. Schwank is listed as a Google Scholar at https://scholar.google.com/citations?user=azs-5XkAAAAJ&hl=en
    Watch the full discussion on the NewHydrogen Podcast featuring Dr. Johannes Schwank at https://newhydrogen.com/single-video.php?id=ywfKFPCIdHk .

MoneyGram Announces New Board of Directors to Support Next Chapter of Growth as a Global Fintech Leader

Retrieved on: 
Tuesday, August 15, 2023
Stellar, Fintech, Partnership, MoneyGram, Financial services, SDF, Partner, Madison Dearborn Partners, Global Payments, Risk management, HSBC Finance, Former, Sustainability Accounting Standards Board, New Board, Electronic Arts, Mehta, CFO, Knowledge, Growth, Ecosystem, MDP, Intermedia, Bruzzo, TransUnion, EVO, Management

DALLAS, Aug. 15, 2023 /PRNewswire/ -- MoneyGram International, Inc. ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced its new Board of Directors. MoneyGram's new Board is composed of a diverse mix of global industry leaders with deep experience in the payments, financial services and technology industries that will help guide the Company's digital innovation strategy.

Key Points: 
  • DALLAS, Aug. 15, 2023 /PRNewswire/ -- MoneyGram International, Inc. ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced its new Board of Directors.
  • The new Board will leverage its deep expertise to help MoneyGram further enhance its digital business and market-leading cross-border capabilities.
  • "Now, as a private company and with the guidance of our new Board of Directors, MoneyGram is well-equipped to strengthen its position as a leading global fintech platform that connects the world's communities," said Alex Holmes, Chief Executive Officer at MoneyGram.
  • "We greatly appreciate MDP's partnership and support in constructing our new, highly capable Board with complementary expertise across the payments, financial services and technology industries.