Greenhill & Co.

 Brown-Forman Agrees to Sell Sonoma-Cutrer Vineyards; Secures Equity Ownership in The Duckhorn Portfolio, Inc.

Retrieved on: 
Thursday, November 16, 2023
Retail, Restaurant, Bar, Food, Beverage, Wine & Spirits, Gibson Dunn, NYSE, The Duckhorn Portfolio, NAPA, Brown–Forman, Whiting, Wine, Bass, Multimedia, Marketing, BFB, Greenhill & Co., IRI, Chardonnay, BFA

In exchange, Brown-Forman will receive an ownership percentage of approximately 21.5% in The Duckhorn Portfolio and $50 million USD.

Key Points: 
  • In exchange, Brown-Forman will receive an ownership percentage of approximately 21.5% in The Duckhorn Portfolio and $50 million USD.
  • The transaction, subject to certain customary closing adjustments and conditions, is expected to close in the fourth quarter of fiscal year 2024.
  • View the full release here: https://www.businesswire.com/news/home/20231116479897/en/
    “The Duckhorn Portfolio has a strong reputation for producing and marketing some of the world’s finest wines.
  • Whiting continued, “Adding Sonoma-Cutrer to the Duckhorn portfolio will enhance one of the most respected wine portfolios in the industry.

The Duckhorn Portfolio Announces an Agreement to Acquire Sonoma-Cutrer Vineyards

Retrieved on: 
Thursday, November 16, 2023
Retail, Luxury, Wine & Spirits, Gibson Dunn, EBITDA, Webcast, Acquisition, NYSE, The Duckhorn Portfolio, NAPA, Brown–Forman, LLP, Wine, Ropes & Gray, Accounting, Direct, Growth, Greenhill & Co., Student Borrower Protection Center, Security (finance), Viticulture, Chardonnay

Sonoma-Cutrer owns six estate vineyards spanning 1,121 acres in both the Russian River Valley and Sonoma Coast appellations.

Key Points: 
  • Sonoma-Cutrer owns six estate vineyards spanning 1,121 acres in both the Russian River Valley and Sonoma Coast appellations.
  • It sells its luxury wine across the U.S. in the wholesale channel through distributors and in the Direct-to-Consumer channel.
  • “We are delighted to welcome Sonoma-Cutrer Vineyards into The Duckhorn Portfolio,” said Deirdre Mahlan, the Company’s Interim President, Chief Executive Officer and Chairperson.
  • Pursuant to the agreement, Brown-Forman will be entitled to nominate two directors to The Duckhorn Portfolio’s Board of Directors.

Bluerock Announces Launch of Institutional Division, Taps Industry Veteran Doug Kinney to Spearhead Initiative

Retrieved on: 
Tuesday, November 14, 2023
Invictus, Sale, Duff, Greenhill & Co., NAV, REIT, Duff & Phelps, BRG, Total shareholder return, TSR, The Carlyle Group, Growth, BHM, BentallGreenOak, IRR, Cryptocurrency, Financial services, Real estate, Fund, Bluerock Creek

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Bluerock, a leading alternative asset fund manager, announced today that it is expanding into institutional distribution and that it has appointed Doug Kinney to the role of Managing Director, Head of Institutional Capital to spearhead the initiative.

Key Points: 
  • NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Bluerock, a leading alternative asset fund manager, announced today that it is expanding into institutional distribution and that it has appointed Doug Kinney to the role of Managing Director, Head of Institutional Capital to spearhead the initiative.
  • Mr. Kinney will be responsible for directing the company's institutional channel, building on the firm's formidable investment capabilities and track record.
  • "The addition of Doug Kinney to the team positions us well to execute on this critical next phase of growth, said Ramin Kamfar, CEO and founder of Bluerock.
  • "Doug brings the energy, insight, and institutional industry experience to build this new business vertical, capitalizing on Bluerock's established record of investment success across multiple strategies and multiple cycles," Mr. Kamfar adds.

Lucky Bucks Successfully Completes Restructuring

Retrieved on: 
Tuesday, October 3, 2023
Electronic Games, Theme Parks, Entertainment, Bankruptcy, Greenhill & Co., Latham & Watkins, Milbank, COAM, United States Bankruptcy Court for the Southern District of New York, Title 11 of the United States Code, United States bankruptcy court, Growth, LP, Georgia Lottery, Security (finance), Financial adviser

Lucky Bucks, LLC (“Lucky Bucks” or the “Company”), one of the largest Class B coin operated amusement machine (“COAM”) route operators in Georgia, has announced the completion of its restructuring process and successful emergence from chapter 11.

Key Points: 
  • Lucky Bucks, LLC (“Lucky Bucks” or the “Company”), one of the largest Class B coin operated amusement machine (“COAM”) route operators in Georgia, has announced the completion of its restructuring process and successful emergence from chapter 11.
  • The restructuring enables Lucky Bucks to substantially strengthen its balance sheet, reduce debt by over $500 million, and inject substantial new liquidity.
  • The newly reorganized Lucky Bucks will operate under an experienced long-term ownership group, which has collectively provided significant new capital to support Lucky Bucks’ future growth and innovation.
  • Court filings and additional information regarding Lucky Bucks’ prepackaged chapter 11 cases is available on a separate restructuring information website administered by Lucky Bucks’ claims, noticing and solicitation agent, Epiq Corporate Restructuring, LLC, which is located at https://dm.epiq11.com/LuckyBucks .

Pan-American Life Insurance Group Announces Steven A. Friedman, President of Finance & Investments Will Assume Role of Chief Financial Officer

Retrieved on: 
Tuesday, September 5, 2023
Professional Services, Health, Consumer, Insurance, Health Insurance, Finance, Hispanic, Greenhill, Senior, Life, Financial services, Pan American Life Center, Head, Greenhill & Co., Risk management, Guggenheim, Accounting, CFO, UBS, Growth, FAS Finance and Investment Limited, Financial management, Management, Investment

Pan-American Life Insurance Group (PALIG) today announced Steven A. Friedman will assume the role of Chief Financial Officer, effective today, in addition to his current responsibilities as President of Finance and Investments.

Key Points: 
  • Pan-American Life Insurance Group (PALIG) today announced Steven A. Friedman will assume the role of Chief Financial Officer, effective today, in addition to his current responsibilities as President of Finance and Investments.
  • Mr. Friedman will succeed David Demmon, who has served in the role the last seven years as part of Mr. Friedman’s leadership team.
  • In his current role as President of Finance and Investments, and a member of PALIG Executive Management Committee, Mr. Friedman leads the company’s financial operations and investment management, including oversight of finance and accounting, corporate development, risk management, compliance, and administration.
  • He has over two decades of experience advising U.S. and internationally based companies across the life, property-casualty and reinsurance sectors.

Clinigen divests global rights to four cancer support therapies to CNX Therapeutics

Retrieved on: 
Thursday, August 10, 2023
Pharmaceutical Services Negotiating Committee, Heart, Laboratory, Radiation, Cancer, Greenhill & Co., Woman, Head, Cisplatin, Sale, Iovance Biotherapeutics, CNX, Patient, Drug Safety, Doxorubicin, Cardiomyopathy, Anthracycline, Therapy, Pharmaceutical industry, Fine chemical

Clinigen Limited (‘Clinigen’), the global pharmaceutical services company, has completed the divestment of four cancer supportive care products from its established brands portfolio to CNX Therapeutics, a speciality pharmaceutical company with a focus on improving access to medicines that are critical to the well-being of patients.

Key Points: 
  • Clinigen Limited (‘Clinigen’), the global pharmaceutical services company, has completed the divestment of four cancer supportive care products from its established brands portfolio to CNX Therapeutics, a speciality pharmaceutical company with a focus on improving access to medicines that are critical to the well-being of patients.
  • Cardioxane®, used in adults with advanced or metastatic breast cancer to prevent long-term harmful effects on the heart caused by treatment with certain anthracyclines.
  • Savene®, used to treat anthracycline extravasation in adults, a rare condition that can impact cancer patients.
  • Totect®, used for the treatment of anthracycline extravasation as well as for preventing cardiomyopathy associated with doxorubicin in women with metastatic breast cancer.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates TALS, NETI, AMED, GHL

Retrieved on: 
Friday, July 28, 2023
Greenhill & Co., Selina Cadell, Sale, Advertising, Fraud, Therapy, NYSE, Security (finance), Amedisys, Eneti, Optum, Talari Networks

If you are a Talaris shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Talaris shareholder, click here to learn more about your rights and options .
  • If you are an Eneti shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Financial Recapitalization to Position Lucky Bucks as Dominant Player in Georgia Coin Operated Amusement Machine Market

Retrieved on: 
Friday, July 28, 2023
Electronic Games, Theme Parks, Entertainment, Bankruptcy, Plan, Greenhill & Co., Latham & Watkins, Milbank, United States Bankruptcy Court for the Southern District of New York, Title 11 of the United States Code, United States bankruptcy court, Growth, LP, Georgia Lottery, Corporate development, Security (finance), Financial adviser

Lucky Bucks, LLC (“Lucky Bucks”), one of the largest Class B coin operated amusement machine (“COAM”) operators in Georgia, announced that it has achieved confirmation of its Plan of Reorganization (the “Plan”) from the United States Bankruptcy Court for the District of Delaware (“the Court”).

Key Points: 
  • Lucky Bucks, LLC (“Lucky Bucks”), one of the largest Class B coin operated amusement machine (“COAM”) operators in Georgia, announced that it has achieved confirmation of its Plan of Reorganization (the “Plan”) from the United States Bankruptcy Court for the District of Delaware (“the Court”).
  • The financial restructuring contemplated under the Plan will strengthen Lucky Bucks’ capital structure by right-sizing its balance sheet and reducing its debt by over $500 million.
  • Lucky Bucks’ restructuring, which remains subject to regulatory approval, will strengthen Lucky Bucks’ leadership position across the Georgia COAM market.
  • Latham & Watkins LLP is serving as legal counsel to certain other lenders holding secured debt of Lucky Bucks.

Voyager Aviation Holdings Reaches Sale Agreement with Azorra

Retrieved on: 
Thursday, July 27, 2023
Air, Transport, Other Transport, Greenhill & Co., Chapter 11, Title 11, United States Code, FTI Consulting, Aviation, Milbank, Global Aviation Holdings, Sale, Growth, VAH, Airline

Voyager Aviation Holdings, LLC (“VAH” or the “Company”), a leading global aviation investment firm, announced today that it has reached an agreement with Azorra Explorer Holdings Limited (an affiliate of Azorra Aviation Holdings, LLC) (“Azorra”) to sell substantially all of VAH’s assets and for Azorra to assume and maintain ongoing employee and business arrangements with VAH’s employees and aircraft lessees.

Key Points: 
  • Voyager Aviation Holdings, LLC (“VAH” or the “Company”), a leading global aviation investment firm, announced today that it has reached an agreement with Azorra Explorer Holdings Limited (an affiliate of Azorra Aviation Holdings, LLC) (“Azorra”) to sell substantially all of VAH’s assets and for Azorra to assume and maintain ongoing employee and business arrangements with VAH’s employees and aircraft lessees.
  • The agreement will create a stronger, more diversified platform as VAH and Azorra bring together a global customer base, talented employees, and unique commercial aircraft leasing solutions to better serve their airline customers.
  • The Company is entering Chapter 11 with a sale agreement with Azorra, a Chapter 11 plan and the support of key financial stakeholders to sell substantially all of VAH’s assets and transition its employees and lease agreements to Azorra, as documented in a restructuring support agreement.
  • To guide VAH through the Chapter 11 and sale process, the Company has appointed a Chief Restructuring Officer, Robert Del Genio from FTI Consulting.

Williams Industrial Services Group Inc. Enters into Purchase Agreement for the Sale of Business for $60 million and Files for Chapter 11 Protection

Retrieved on: 
Monday, July 24, 2023
Other Manufacturing, Commercial Building & Real Estate, Construction & Property, Urban Planning, HVAC, Oil, Gas, Building Systems, Manufacturing, Energy, Nuclear, LLP, Maintenance, Bankruptcy, Greenhill & Co., Williams, Chapter 11, Title 11, United States Code, WLMS, United States bankruptcy court, Ropes & Gray, DIP, Sale, Acquisition, Collection, Bankruptcy Code, EnergySolutions, Growth, NYSE, Security (finance), Renewable energy, Credit, Cryptocurrency, Financial adviser

EnergySolutions is not acquiring the Company’s operations connected to its water contracts in Florida and Texas.

Key Points: 
  • EnergySolutions is not acquiring the Company’s operations connected to its water contracts in Florida and Texas.
  • Tracy Pagliara, President and CEO of the Company, stated: “Having carefully reviewed all available options, our comprehensive strategic alternatives process has concluded.
  • EnergySolutions is well capitalized and positioned to ensure that Williams’ rich history of being a customer-centric services provider will continue.
  • Under the purchase agreement, EnergySolutions will not acquire the Company’s operations connected to its water contracts in Florida and Texas.