Macquarie Group

Kao Data Appoints Doug Loewe as Chief Executive Officer (CEO)

Retrieved on: 
Tuesday, January 9, 2024

Accomplished, industry-leader with a strong, international track record for strategic, corporate development joins Kao Data following a successful year of new customer acquisitions, investments, and data centre deployments.

Key Points: 
  • Accomplished, industry-leader with a strong, international track record for strategic, corporate development joins Kao Data following a successful year of new customer acquisitions, investments, and data centre deployments.
  • LONDON, Jan. 9, 2024 /PRNewswire/ -- Kao Data , the specialist developer and operator of data centres engineered for AI and advanced computing, has today announced it has appointed Doug Loewe as its new Chief Executive Officer (CEO).
  • Loewe joins Kao Data at a critical inflection point in the company's trajectory, following a year of successful new customer wins across AI, hyperscale cloud, research, and financial services.
  • Doug Loewe begins his role as new CEO of Kao Data with immediate effect.

Kao Data Appoints Doug Loewe as Chief Executive Officer (CEO)

Retrieved on: 
Tuesday, January 9, 2024

Accomplished, industry-leader with a strong, international track record for strategic, corporate development joins Kao Data following a successful year of new customer acquisitions, investments, and data centre deployments.

Key Points: 
  • Accomplished, industry-leader with a strong, international track record for strategic, corporate development joins Kao Data following a successful year of new customer acquisitions, investments, and data centre deployments.
  • LONDON, Jan. 9, 2024 /PRNewswire/ -- Kao Data , the specialist developer and operator of data centres engineered for AI and advanced computing, has today announced it has appointed Doug Loewe as its new Chief Executive Officer (CEO).
  • Loewe joins Kao Data at a critical inflection point in the company's trajectory, following a year of successful new customer wins across AI, hyperscale cloud, research, and financial services.
  • Doug Loewe begins his role as new CEO of Kao Data with immediate effect.

Hut 8 receives court approval in its stalking horse bid for four natural gas power plants including the North Bay Bitcoin mine

Retrieved on: 
Monday, January 8, 2024

Among other things, the Approval and Vesting Order approves the Company's previously announced stalking horse bid transaction (the "Transaction") to acquire four natural gas power plants including the North Bay Bitcoin mine, which was submitted in partnership with Macquarie Equipment Finance Ltd. (“Macquarie”), a subsidiary of Macquarie Group Limited, a global financial services group.

Key Points: 
  • Among other things, the Approval and Vesting Order approves the Company's previously announced stalking horse bid transaction (the "Transaction") to acquire four natural gas power plants including the North Bay Bitcoin mine, which was submitted in partnership with Macquarie Equipment Finance Ltd. (“Macquarie”), a subsidiary of Macquarie Group Limited, a global financial services group.
  • In connection with the approval of the Transaction, a new Ontario subsidiary of Hut 8 ("BidCo") will become the owner of certain assets of VPC and the assets and operations and equity interests of certain Validus Entities.
  • Completion of the Transaction remains subject to the satisfaction of other standard conditions to closing.
  • The completion of the Transaction, which is anticipated to occur by February 15, 2024, is also expected to result in the full and final resolution of all litigation claims and counterclaims currently pending between Hut 8 and certain Validus Entities.

Mach Natural Resources Completes the Acquisition of Paloma Anadarko Basin Assets

Retrieved on: 
Friday, December 29, 2023

Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced that it has closed the acquisition (the “Acquisition”) of certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma from Paloma Partners IV, LLC, a privately-held Delaware limited liability company backed by EnCap Investments L.P., and its affiliated companies (the “Sellers”).

Key Points: 
  • Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced that it has closed the acquisition (the “Acquisition”) of certain interests in oil and gas properties, rights and related assets located in certain counties in Oklahoma from Paloma Partners IV, LLC, a privately-held Delaware limited liability company backed by EnCap Investments L.P., and its affiliated companies (the “Sellers”).
  • Mach also entered into a $75 million super priority revolving credit facility (the “Revolving Credit Facility”) led by MidFirst Bank.
  • In connection with closing of the Acquisition, Mach used proceeds from the Term Loan Facility and cash on hand to repay the existing amounts outstanding under the previously outstanding revolving credit agreement and such agreement was terminated.
  • As of closing of the Acquisition, the Revolving Credit Facility was undrawn.

Update on Hut 8’s Stalking Horse Bid for four natural gas power plants including the North Bay Bitcoin mine

Retrieved on: 
Tuesday, December 12, 2023

The Stalking Horse Bid was submitted in partnership with Macquarie Equipment Finance Ltd. (“Macquarie”), a subsidiary of Macquarie Group Limited, a global financial services group.

Key Points: 
  • The Stalking Horse Bid was submitted in partnership with Macquarie Equipment Finance Ltd. (“Macquarie”), a subsidiary of Macquarie Group Limited, a global financial services group.
  • On completion of the Stalking Horse Bid, BidCo would acquire, free and clear of any encumbrances (excluding certain permitted encumbrances) four natural gas power plants located in Ontario:
    Completion of the Stalking Horse Bid would also include a new secured funding arrangement with Macquarie and BidCo in the form of an operating lease facility.
  • Completion of the Stalking Horse Bid is subject to several conditions, including: (i) the Court issuing an approval and vesting order in respect of the Stalking Horse Bid, and (ii) the satisfaction of standard conditions to closing.
  • The Company will be seeking final approval of the Court for the Stalking Horse Bid and completion of the Stalking Horse Bid is anticipated to occur in January 2024.

Global Media Leader Marty Pompadur Joins Diamond Lake Minerals as Strategic Advisor

Retrieved on: 
Thursday, December 7, 2023

SALT LAKE CITY, Dec. 07, 2023 (GLOBE NEWSWIRE) -- via IBN -- Diamond Lake Minerals, Inc. (OTC: DLMI) (the "Company" or "DLMI"), a forward-thinking multi-strategy operating company specializing in digital assets and SEC-registered security tokens, proudly welcomes Marty Pompadur to its esteemed team.

Key Points: 
  • SALT LAKE CITY, Dec. 07, 2023 (GLOBE NEWSWIRE) -- via IBN -- Diamond Lake Minerals, Inc. (OTC: DLMI) (the "Company" or "DLMI"), a forward-thinking multi-strategy operating company specializing in digital assets and SEC-registered security tokens, proudly welcomes Marty Pompadur to its esteemed team.
  • Pompadur, with an illustrious career spanning various leadership roles in the media and entertainment industry, brings a wealth of experience and strategic insight to Diamond Lake Minerals.
  • “I am delighted to join Diamond Lake Minerals as a strategic advisor.
  • Brian J. Esposito, CEO of Diamond Lakes Minerals, expressed his excitement about this significant addition, saying: "We are honored to welcome Marty Pompadur to Diamond Lake Minerals as a strategic advisor.

Cumulus Media Taps Collin Jones to Lead Westwood One

Retrieved on: 
Monday, December 4, 2023

ATLANTA, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced that it has appointed Collin Jones as President of Westwood One, effective January 1, 2024, responsible for Westwood One, the largest audio network in America, and the top-rated Cumulus Podcast Network.

Key Points: 
  • ATLANTA, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced that it has appointed Collin Jones as President of Westwood One, effective January 1, 2024, responsible for Westwood One, the largest audio network in America, and the top-rated Cumulus Podcast Network.
  • Jones adds this position to his current role as EVP of Corporate Strategy & Development for Cumulus Media, reporting to Mary Berner, President and CEO of Cumulus Media.
  • Jones joined Cumulus Media in 2011 and is responsible for leading the Company’s strategy, corporate development (including major partnerships and M&A), and investor relations efforts.
  • Mary Berner said, “With his deep understanding of both Cumulus Media and Westwood One, Collin is uniquely qualified for this role and is well-prepared to harness the full power of our platform to help Westwood One grow.

Dataiku Awarded 2023 AWS Global ISV AI/ML Partner of the Year Award

Retrieved on: 
Tuesday, November 28, 2023

Las Vegas, NV, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Dataiku , the platform for Everyday AI, today announced that it received the 2023 AWS Global ISV AI/ML Partner of the Year Award at AWS re:Invent 2023.

Key Points: 
  • Las Vegas, NV, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Dataiku , the platform for Everyday AI, today announced that it received the 2023 AWS Global ISV AI/ML Partner of the Year Award at AWS re:Invent 2023.
  • This recognition, alongside the 2023 AWS Geo ISV Partner of the Year Award in France, highlights Dataiku's significant contributions to AI and ML innovation on AWS .
  • The AWS Partner of the Year award recognizes Dataiku’s leadership in AI and ML and its innovative approach to integrating data into daily operations, from advanced analytics to Generative AI.
  • “Winning the 2023 AWS Global ISV AI and ML Partner of the Year award is an honor and validates the value that we jointly deliver to our customers,” said Abhijit Madhugiri, Vice President, Global Technology Alliances at Dataiku.

Macquarie Group Earns Top Score on Human Rights Campaign Foundation’s Corporate Equality Index for Fifth Consecutive Year

Retrieved on: 
Thursday, December 21, 2023

Macquarie and its employees support many initiatives focused on improving opportunities and equality for the LGBTQ+ community, including partnerships between Macquarie Pride Americas -- Macquarie’s LGBTQ+ and ally employee network group in the Americas – and organizations such as SAGE, one of America’s largest non-profit organizations providing services and advocacy for LGBTQ+ elders; the New York Anti-Violence Project, an organization dedicated to ending all forms of violence against the LGBTQ+ community; and The Ali Forney Center, the largest community center helping LGBTQ+ homeless youth in the United States. Macquarie is also a sponsor of Out4Undergrad, an organization focused on advancing undergraduate LGBTQ+ leaders in their professional lives, and InReach, a trans-led tech non-profit increasing resource access for the diverse LGBTQ+ community.

Key Points: 
  • Macquarie Group today announced it has received a top score on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (“CEI”), the United States’ foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.
  • This marks the fifth consecutive year Macquarie has received a score of 100 percent on the CEI, earning it the honor and designation of ‘ Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion .’
    Established in 2002, the Corporate Equality Index evaluates a company's LGBTQ+ workplace inclusion policies, serving employees, consumers, and investors.
  • Macquarie was one of 545 companies surveyed that earned a top score of 100.
  • In addition to the CEI’s recognition, Macquarie has been the recipient of other LGBTQ+ workplace awards and notable index rankings globally, including the European Diversity Awards, UK Stonewall Workplace Equality Index, Australian Workplace Equality Index, India Workplace Equality Index and Hong Kong LGBT+ Inclusion Index.

Macquarie Group Foundation Makes First Social Impact Investment in the United States

Retrieved on: 
Wednesday, December 20, 2023

The Macquarie Group Foundation (“the Foundation”), which drives social impact for Macquarie Group (“Macquarie”), today announced a commitment of $US2.75 million via a social impact investment and a philanthropic grant to Pursuit, a social impact organization that seeks to equip low-income individuals with technical and leadership skills to secure and excel in long-term careers as software engineers at best-in-class companies.

Key Points: 
  • The Macquarie Group Foundation (“the Foundation”), which drives social impact for Macquarie Group (“Macquarie”), today announced a commitment of $US2.75 million via a social impact investment and a philanthropic grant to Pursuit, a social impact organization that seeks to equip low-income individuals with technical and leadership skills to secure and excel in long-term careers as software engineers at best-in-class companies.
  • This marks the first social impact investment the Foundation has made in the United States.
  • “Our investment demonstrates the expanding impact and sustainability of our community efforts, especially as Macquarie grows its presence in the US,” said Susan Clear, Director of Social Impact Investing for the Macquarie Group Foundation.
  • By focusing their grantmaking and utilizing an alternative form of capital through social impact investments, the Foundation seeks to achieve the most significant social impact possible.