Capital

SK Capital Closes Fund VI; Exceeds Target at $2.95 Billion

Retrieved on: 
Thursday, April 4, 2024
Banking, Professional Services, Finance, UBS, Kirkland & Ellis, Investment, LLP, Capital

SK Capital Partners, LP (“SK Capital” or the “Firm”) today announced the final closing of SK Capital Partners VI (“Fund VI”) at $2.95 billion.

Key Points: 
  • SK Capital Partners, LP (“SK Capital” or the “Firm”) today announced the final closing of SK Capital Partners VI (“Fund VI”) at $2.95 billion.
  • The fund is the latest vintage of the Firm’s Flagship private investment strategy.
  • “SK Capital has one of the largest and longest-standing teams dedicated to the sectors in which we invest.
  • “SK Capital is honored to be partnering with such a diverse set of respected and experienced private equity investors,” added SK Capital Managing Director Ben Dillon, who leads the Firm’s investor relations, fundraising and co-investment initiatives.

Lamb Weston Reports Fiscal Third Quarter 2024 Results; Updates Fiscal Year 2024 Outlook

Retrieved on: 
Thursday, April 4, 2024
Retail, Restaurant, Bar, Supermarket, Agriculture, Natural Resources, Food, Beverage, Growth, EPS, International, ERP, Capital expenditure, Internet, Dilution, EDT, Information, Transport, Capital, Public expenditure, Adjustment, Investment, Lamb Weston, LW, GAAP, Depreciation, ID, Share repurchase, Increment

Equity method investment earnings (loss) from unconsolidated joint ventures were earnings of $1.0 million and a loss of $23.3 million for the third quarter of fiscal 2024 and 2023, respectively.

Key Points: 
  • Equity method investment earnings (loss) from unconsolidated joint ventures were earnings of $1.0 million and a loss of $23.3 million for the third quarter of fiscal 2024 and 2023, respectively.
  • The results in the current quarter also include a $4.5 million charge(1) for the write-off of excess raw potatoes at Lamb Weston RDO.
  • In the third quarter of fiscal 2024, the Company returned $40.4 million to shareholders through cash dividends.
  • Lamb Weston will host a conference call to review its third quarter fiscal 2024 results at 10:00 a.m. EDT today, April 4, 2024.

Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2024 Second Quarter Results

Retrieved on: 
Thursday, April 4, 2024
Banking, Asset Management, Professional Services, Finance, ID, Eastern Time Zone, Capital

Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com ), announced today that it will report its financial results for the quarter ended March 31, 2024 on Monday, May 6, 2024 after the close of the financial markets.

Key Points: 
  • Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com ), announced today that it will report its financial results for the quarter ended March 31, 2024 on Monday, May 6, 2024 after the close of the financial markets.
  • Golub Capital BDC, Inc. will host an earnings conference call at 11:00 a.m. (Eastern Time) on Tuesday, May 7, 2024 to discuss its quarterly financial results.
  • Participants should reference Golub Capital BDC, Inc. when prompted.
  • An archived replay of the call will be available shortly after the call until 11:59 p.m. (Eastern Time) on May 21, 2024.

Affinius Capital Appoints Emily Margolis to Its Global Investors Group

Retrieved on: 
Thursday, April 4, 2024
REIT, Finance, Professional Services, Asset Management, Construction & Property, Real estate, Woman, Capital, Senior, Housing, Cushman & Wakefield, Multimedia, Marketing, Data, Financial services

Industry veteran Emily Margolis has been named Managing Director for the Global Investors Group at Affinius Capital, where she will focus on growing and developing relationships with investors throughout North America.

Key Points: 
  • Industry veteran Emily Margolis has been named Managing Director for the Global Investors Group at Affinius Capital, where she will focus on growing and developing relationships with investors throughout North America.
  • View the full release here: https://www.businesswire.com/news/home/20240404573103/en/
    “Emily is a welcome addition to further our new investment mandates where capital formation is a critical element,” said Scott Stuckman, Senior Managing Director of Affinius Capital’s Global Investors Group.
  • Most recently, she was responsible for marketing AEW’s strategies by developing and maintaining client and investment consultant relationships throughout North America.
  • “Affinius Capital is dedicated to being a committed partner, advisor, and steward of capital which enables like-minded partners to invest alongside the firm in a diverse mix of compelling strategies,” said Margolis.

Pembina Pipeline Corporation Announces Significant Milestones Achieved on Cedar LNG

Retrieved on: 
Thursday, April 4, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Pembina Pipeline, PBA, CIBC, PPL, Haisla, Black & Veatch, Montney, British Columbia, MUFG Bank, Environment, Natural gas, Growth, Coastal GasLink Pipeline, Project, Notice, Partnership, Risk, FID, Knowledge, Environmental impact assessment, ARC Resources, Black, LLP, Carbon, King & Spalding, TSX, Engineering, Climate change, Hydrocarbon, Samsung Heavy Industries, CGL, ARC, WCSB, Haisla Nation, Capital, NGL, Multimedia, BC Hydro, Marketing, Government, NTP, Panama Canal, Economics, EPC

In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.

Key Points: 
  • In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.
  • Cedar LNG has secured a 20-year take-or-pay, fixed toll contract with ARC Resources for 1.5 million mtpa of LNG.
  • "We are proud to partner with Cedar LNG, the Haisla Nation and Pembina Pipeline who share our commitment to responsible energy development."
  • Once operational, Cedar LNG is expected to generate annual run-rate adjusted EBITDA of US$200 million to US$260 million, net to Pembina.

EJF Capital Hires John Murray and Derrick Preuss as Managing Directors

Retrieved on: 
Wednesday, April 3, 2024
Asset Management, Professional Services, Business, Finance, Entrepreneurship, Georgetown University, Merrill (company), EJF, Executive officer, Business development, Capital, University, Portfolio management, Morgan Stanley, Partner, Arlington Asset Investment, Security (finance)

EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced that John W. Murray and Derrick G. Preuss have joined the firm as Managing Directors.

Key Points: 
  • EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced that John W. Murray and Derrick G. Preuss have joined the firm as Managing Directors.
  • Mr. Preuss will work on EJF’s Business Development team, where he will be responsible for building relationships with existing and prospective investors.
  • Neal J. Wilson, Co-Founder and Co-Chief Executive Officer of EJF, said, “We are thrilled to welcome John and Derrick to EJF, whose combined decades of financial services expertise will meaningfully enhance our business development and portfolio management capabilities.
  • Mr. Preuss brings nearly two decades of financial services experience and expertise to EJF.

B Capital Builds a World-Class Climate Investment Platform

Retrieved on: 
Thursday, April 4, 2024
Asset Management, Professional Services, Finance, BCG, Boston Consulting Group, Climate change, Partnership, General partnership, Climate, Capital, Carbon, Senior advisor, API, Sustainability, Renewable energy

B Capital, a global multi-stage investment firm, today announced two appointments to further expand its climate investment platform.

Key Points: 
  • B Capital, a global multi-stage investment firm, today announced two appointments to further expand its climate investment platform.
  • Additionally, Jeff Johnson has joined as General Partner to lead the firm’s growing climate investment team with nearly 25 years of experience in sustainable technology.
  • Eduardo Saverin, Co-founder and Co-CEO of B Capital, added, “As more businesses integrate climate into their strategies, Rich’s strategic direction and Jeff’s investment leadership will help us partner with and back the industry’s leading climate entrepreneurs.
  • “With its comprehensive global platform, unique corporate network and value-add approach, B Capital is positioned as the partner of choice for climate entrepreneurs.

Chimney Continues to Expand Client Base, Adding 12 New Banks to Roster

Retrieved on: 
Wednesday, April 3, 2024
Software, Finance, Asset Management, Banking, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Acquisition, Capital, First International Bank, Community Bank, Cryptocurrency

Chimney , a leader in financial guidance for the digital age, now features over 30 banks across the country on the client roster.

Key Points: 
  • Chimney , a leader in financial guidance for the digital age, now features over 30 banks across the country on the client roster.
  • Using Chimney’s interactive financial tools, these banks offer personalized digital experiences that generate deposits, and drive new customer acquisition and expanded wallet share.
  • The company’s solutions, which include its award-winning financial calculators, are designed to help banks cultivate strong customer relationships and capture more data to grow wallet share.
  • Our suite of interactive tools sets banks on the path toward deeper depositor relationships through increased engagement, more informed product offers and better opportunities to cross-sell.

Reverba Completes Acquisition of Six Degrees Worldwide to Unite Science and the Patient Voice to Advance Healthcare

Retrieved on: 
Wednesday, April 3, 2024
Marketing, Health, Digital Marketing, Communications, Content Marketing, Pharmaceutical, Biotechnology, Partnership, Patient, Capital, Science, Six degrees, Acquisition, Caregiver, Growth, Entrepreneurship, Heart, Nursing

Reverba , renowned for its innovative patient engagement solutions for biopharmaceutical companies, today announced the acquisition of Six Degrees Worldwide Inc., a leader in medical communications within the same industry.

Key Points: 
  • Reverba , renowned for its innovative patient engagement solutions for biopharmaceutical companies, today announced the acquisition of Six Degrees Worldwide Inc., a leader in medical communications within the same industry.
  • The acquisition is poised to help Reverba and its clients continue to bridge the gap between science and real-life patient experiences.
  • Reverba’s acquisition will enable the integration of Six Degrees’ comprehensive suite of medical communication services into its innovative patient engagement approach and platforms.
  • Bourne Partners, a healthcare focused investment bank, advised 424 Capital on the initial acquisition.

onsemi Recommends Stockholders Reject Below-Market Mini-Tender Offer by TRC Capital Investment Corporation

Retrieved on: 
Tuesday, April 2, 2024
Semiconductor, General Automotive, Technology, Automotive, EV, Electric Vehicles, Disclosure, Capital, Documentation, EDT, News, Onsemi

ON Semiconductor Corporation (Nasdaq: ON) (“onsemi”) disclosed today that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation, an Ontario corporation (“TRC Capital Investment”).

Key Points: 
  • ON Semiconductor Corporation (Nasdaq: ON) (“onsemi”) disclosed today that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation, an Ontario corporation (“TRC Capital Investment”).
  • onsemi is not affiliated or associated in any way with TRC Capital Investment, its mini-tender offer or its offer documentation.
  • onsemi recommends that stockholders who have not responded to TRC Capital Investment’s offer take no action.
  • Stockholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer, in accordance with TRC Capital Investment’s offer documentation.