TowerBrook Capital Partners

TowerBrook Capital Partners to acquire IT Services Provider CBTS from altafiber

Retrieved on: 
Tuesday, February 6, 2024

altafiber, provider of integrated communications solutions over its fiber-optic network to residential and business customers in Ohio, Kentucky, and Indiana, and TowerBrook Capital Partners (“TowerBrook”), the New York and London-based international investment firm, today announced that TowerBrook has agreed to acquire CBTS, a leading North American provider of IT solutions and services, from altafiber.

Key Points: 
  • altafiber, provider of integrated communications solutions over its fiber-optic network to residential and business customers in Ohio, Kentucky, and Indiana, and TowerBrook Capital Partners (“TowerBrook”), the New York and London-based international investment firm, today announced that TowerBrook has agreed to acquire CBTS, a leading North American provider of IT solutions and services, from altafiber.
  • Founded in 1994 and based in Cincinnati, Ohio, CBTS is a provider of IT services and solutions focused on enterprise and upper middle market customers.
  • TowerBrook Capital Partners will provide the necessary investment capital to accelerate CBTS’ growth objectives,” said Leigh Fox, President and CEO of altafiber.
  • Cravath, Swaine & Moore LLP acted as legal advisor to altafiber and Sidley Austin LLP acted as legal advisor to TowerBrook.

The AA’s new partnership with Stonepeak to accelerate the next phase of growth

Retrieved on: 
Wednesday, December 27, 2023

Following this investment Warburg Pincus, a global growth investor, and TowerBrook, a purpose-driven transatlantic investment management firm, will remain the majority shareholders of the AA.

Key Points: 
  • Following this investment Warburg Pincus, a global growth investor, and TowerBrook, a purpose-driven transatlantic investment management firm, will remain the majority shareholders of the AA.
  • Since that time, the AA has completed the first phase of its strategy, returning the business to growth and accelerating its profitability.
  • The additional capital from Stonepeak will allow the AA to strengthen its balance sheet and support investment in further growth and innovation.
  • Warburg Pincus and TowerBrook will continue to work in partnership with the AA and Stonepeak, to support the next phase of the company’s growth strategy.

TowerBrook Capital Partners Announces Majority Investment in Specialty Protein Products Manufacturer Demakes Enterprises

Retrieved on: 
Thursday, December 14, 2023

TowerBrook Capital Partners L.P. ("TowerBrook"), the New York and London-based international investment firm, today announced a majority equity investment in Demakes Enterprises, LLC (“Demakes”, or the “Company”), a manufacturer of value-added protein products.

Key Points: 
  • TowerBrook Capital Partners L.P. ("TowerBrook"), the New York and London-based international investment firm, today announced a majority equity investment in Demakes Enterprises, LLC (“Demakes”, or the “Company”), a manufacturer of value-added protein products.
  • The partnership between TowerBrook and Demakes positions the Company to continue building on a 100+ year legacy of delivering healthy and convenient specialty protein products to a growing base of retailers and consumers.
  • The Company’s products are oriented toward consumers’ growing demand for “better-for you” products (e.g., organic, antibiotic-free) and convenience (e.g., ready-to-eat, ready-to-cook).
  • "We believe TowerBrook is an ideal partner for Demakes given the firm’s track record of scaling family-owned businesses and significant knowledge of the food space,” stated Andrew Demakes.

Troika Media Group Inc. Announces Strategic Chapter 11 Filing and Sale to Blue Torch

Retrieved on: 
Thursday, December 7, 2023

The Company is seeking approval of the proposed stalking horse credit bid pursuant to section 363 of the United States Bankruptcy Code.

Key Points: 
  • The Company is seeking approval of the proposed stalking horse credit bid pursuant to section 363 of the United States Bankruptcy Code.
  • The Company's secured lenders are supportive of the transaction and have committed to provide $11 million of debtor-in-possession financing.
  • Additional information regarding the Company's chapter 11 process is available at https://cases.ra.kroll.com/troika .
  • King & Spalding LLP and Ankura Consulting Group, LLC are serving as legal counsel and financial advisor, respectively, to Blue Torch as collateral agent and administrative agent and to its affiliated secured lenders.

Bernstein Litowitz Berger & Grossman LLP and Friedman Oster & Tejtel PLLC Announce Notice of Pendency and Proposed Settlement of Stockholder Class and Derivative Action Involving Holders of R1 RCM Inc. Common Stock from August 18, 2020, Through the Close

Retrieved on: 
Friday, October 27, 2023

Certain persons and entities are excluded from the Settlement Class by definition, as set forth in the full Notice of Pendency and Proposed Settlement of Stockholder Class and Derivative Action, Settlement Hearing, and Right to Appear (the "Notice"), available at www.R1StockholdersLitigation.com .

Key Points: 
  • Certain persons and entities are excluded from the Settlement Class by definition, as set forth in the full Notice of Pendency and Proposed Settlement of Stockholder Class and Derivative Action, Settlement Hearing, and Right to Appear (the "Notice"), available at www.R1StockholdersLitigation.com .
  • your rights will be affected by a class and derivative action lawsuit pending in this court.
  • As explained in further detail in the Notice, Eligible Class Members do not have to submit a claim form to receive a payment from the Net Class Settlement Fund.
  • All questions about this Summary Notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Settlement Administrator or Lead Counsel.

LANGAN ANNOUNCES PARTNERSHIP WITH TOWERBROOK CAPITAL PARTNERS

Retrieved on: 
Thursday, October 26, 2023

PARSIPPANY, N.J., Oct. 26, 2023 /PRNewswire/ -- Langan Engineering & Environmental Services ("Langan") today announced that investment funds managed by TowerBrook Capital Partners ("TowerBrook"), the New York and London-based international investment firm, have entered into a definitive agreement for a minority investment in the company. Under the terms of the agreement, Langan's management and employee shareholders will maintain majority ownership and control of the company.

Key Points: 
  • PARSIPPANY, N.J., Oct. 26, 2023 /PRNewswire/ -- Langan Engineering & Environmental Services ("Langan") today announced that investment funds managed by TowerBrook Capital Partners ("TowerBrook"), the New York and London-based international investment firm, have entered into a definitive agreement for a minority investment in the company.
  • The investment will enable strategic and operational enhancements to provide elevated service to Langan clients while creating career growth opportunities for Langan staff.
  • We found TowerBrook's reputation and resources best suited to help Langan achieve our strategic goals," said David T. Gockel, President/CEO of Langan.
  • "We are thrilled to partner with Langan, a firm whose growth and success have been impressive," said Walter Weil, Managing Director, TowerBrook.

AppTech Payments Corp. Announces Pricing of $3.5 Million Registered Direct Offering

Retrieved on: 
Tuesday, October 24, 2023

The combined effective purchase price for each share of common stock and associated warrant to purchase one share of common stock will be $2.10.

Key Points: 
  • The combined effective purchase price for each share of common stock and associated warrant to purchase one share of common stock will be $2.10.
  • Titan Partners Group, a division of American Capital Partners, is acting as sole placement agent for the offering.
  • The offering is expected to close on or about October 26, 2023, subject to the satisfaction of customary closing conditions.
  • The shares of common stock and warrants are being offered pursuant to a shelf registration statement on Form S-3 (File No.

KULR Announces Closing of $2.875 Million Public Offering of Common Stock, Including Full Exercise of Over-Allotment Option to Purchase Additional Shares

Retrieved on: 
Friday, September 15, 2023

The public offering price, before the underwriter’s discount and commissions, for each share of common stock was $0.35.

Key Points: 
  • The public offering price, before the underwriter’s discount and commissions, for each share of common stock was $0.35.
  • All of the securities in the underwritten public offering were sold by the Company.
  • The Benchmark Company, LLC acted as the sole book-running manager for the offering and Titan Partners Group, a division of American Capital Partners, LLC acted as the co-manager.
  • A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering has been filed with the SEC on its website at www.sec.gov .

KULR Announces Pricing of $2.5 Million Public Offering of Common Stock

Retrieved on: 
Wednesday, September 13, 2023

SAN DIEGO, Sept. 13, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today announced that it has priced its underwritten public offering of 7,142,857 shares of its common stock at a public offering price of $0.35 per share. All shares of common stock in the underwritten public offering are to be sold by the Company. The Company expects the gross proceeds from this offering, led by participation from KULR Chief Executive Officer Michael Mo, to be approximately $2.5 million, before deducting the underwriting discount and other estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to 1,071,428 additional shares of common stock. The Company expects to close the offering on September 15, 2023, subject to customary conditions.

Key Points: 
  • SAN DIEGO, Sept. 13, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today announced that it has priced its underwritten public offering of 7,142,857 shares of its common stock at a public offering price of $0.35 per share.
  • All shares of common stock in the underwritten public offering are to be sold by the Company.
  • The Company expects the gross proceeds from this offering, led by participation from KULR Chief Executive Officer Michael Mo, to be approximately $2.5 million, before deducting the underwriting discount and other estimated offering expenses.
  • The Company has granted the underwriters a 30-day option to purchase up to 1,071,428 additional shares of common stock.

KULR Announces Proposed Public Offering of Common Stock

Retrieved on: 
Tuesday, September 12, 2023

SAN DIEGO, Sept. 12, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering.

Key Points: 
  • SAN DIEGO, Sept. 12, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering.
  • All of the shares of common stock in the underwritten public offering are to be sold by the Company.
  • The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering solely to cover over-allotments, if any.
  • The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.