Brown Brothers Harriman & Co.

Brown Brothers Harriman Announces New Head of Chicago Office

Retrieved on: 
Wednesday, October 4, 2023
Consulting, Banking, Professional Services, Finance, BBH, Acquisition, Growth, Brother, James Cook (American banker), Commodity, Logistics, Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. (BBH) is pleased to announce that Fernando Soto has been named Head of the firm’s Chicago office.

Key Points: 
  • Brown Brothers Harriman & Co. (BBH) is pleased to announce that Fernando Soto has been named Head of the firm’s Chicago office.
  • Fernando, who was previously based in New York, succeeds Tom Davis as office head.
  • As office head, Fernando will oversee the growth of this team, as well as BBH’s Multi Family Office team in Chicago.
  • Also joining the Chicago office is John Harms, a Vice President in the Commodities & Logistics group.

Sportsman’s Warehouse Holdings, Inc. Appoints Steven W. Sansom to Its Board of Directors

Retrieved on: 
Tuesday, September 19, 2023
Interim, Millsaps College, Brown Brothers Harriman & Co., Charles Schwab, Goldman Sachs, Brookfield (corporation), Growth, Management

WEST JORDAN, Utah, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that Steven W. Sansom has been appointed to the Company’s Board of Directors (the “Board”), effective September 15, 2023.

Key Points: 
  • WEST JORDAN, Utah, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that Steven W. Sansom has been appointed to the Company’s Board of Directors (the “Board”), effective September 15, 2023.
  • “Steve is a tremendous addition to the Board,” said Joseph Schneider, Interim CEO and Chairman of the Board.
  • “He brings decades of experience from his numerous roles as an investor, board member and executive leader – and we are pleased to welcome him to Sportsman’s Warehouse.
  • Mr. Sansom is a member of several additional boards of directors, including the advisory board of Axxes Capital, a private markets investment firm.

BBH Private Banking Announces New Head of Family Solutions Team

Retrieved on: 
Thursday, September 21, 2023
Personal Finance, Professional Services, Finance, BBH, Knowledge, Brother, Partner, Brown Brothers Harriman & Co., Family, Head, Financial services, Tricia

Brown Brothers Harriman & Co. (BBH) is pleased to announce that Tricia Levin has joined the firm as the Head of Family Office Solutions.

Key Points: 
  • Brown Brothers Harriman & Co. (BBH) is pleased to announce that Tricia Levin has joined the firm as the Head of Family Office Solutions.
  • Tricia will lead a new, cross-regional, Family Office Solutions team that provides the comprehensive, multifaceted services required by sophisticated, wealthy families.
  • As Head of Family Office Solutions, Tricia Levin will leverage and coordinate resources from across the firm, as well as build out areas of the existing practice, and hire additional talent, to provide operational ease and relationship excellence to BBH Private Banking clients in the delivery of the full suite of family office solutions.
  • “The addition of Tricia will make our Family Office Solutions suite of services even more impactful and accessible to our clients,” said Kathryn George, Partner of BBH.

Hamilton Lane Announces CEO Succession, Further Leadership Evolution

Retrieved on: 
Tuesday, September 12, 2023
University of Virginia Center for Politics, University of Virginia Darden School of Business, Mergers and acquisitions, Science, University, CFA, Doctor of Philosophy, Stanford University, Servicio de Publicaciones (Universidad Complutense de Madrid), Conshohocken, Pennsylvania, Statistics, Research, Institute for Mergers, Acquisitions and Alliances, CFA Institute, Politics, Naval War College Foundation, PFM, Brown Brothers Harriman & Co., Complutense University of Madrid, Chartered Financial Analyst, University of Essex, Public Financial Management Group, Sociology, Management, Pachyodes novata

They succeed Mario Giannini, who, after 22 years as Hamilton Lane's CEO, will join Hartley Rogers as Executive Co-Chairman.

Key Points: 
  • They succeed Mario Giannini, who, after 22 years as Hamilton Lane's CEO, will join Hartley Rogers as Executive Co-Chairman.
  • "I'm very proud of all that we've accomplished at Hamilton Lane over the past 20 years.
  • Prior to joining Hamilton Lane, Erik was a corporate investment banker in the Mergers & Acquisitions department of Brown Brothers Harriman & Co.
  • Prior to joining Hamilton Lane, Delgado-Moreira was an Investment Manager at Baring Private Equity Partners Ltd. in London, focused on mid-market private equity in Europe.

Westrock Coffee Company Reports Second Quarter 2023 Results and Announces Closing of $118.8 Million Equity Investment to Support Long-Term Growth

Retrieved on: 
Wednesday, August 9, 2023
Exercise, RTD, Brown Brothers Harriman & Co., Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement System, Conway, HF, GAAP, Sale, BBH, Herbert Hunt, ROCK, Acquisition, Indian stock exchange, Webcast, Coffee, Adjustment, Cryptocurrency, Video game

Consolidated gross profit for the second quarter of 2023 was $35.7 million and included $1.0 million of non-cash mark-to-market gains, compared to consolidated gross profit of $38.9 million for the second quarter of 2022, which included $1.4 million of non-cash mark-to-market losses.

Key Points: 
  • Consolidated gross profit for the second quarter of 2023 was $35.7 million and included $1.0 million of non-cash mark-to-market gains, compared to consolidated gross profit of $38.9 million for the second quarter of 2022, which included $1.4 million of non-cash mark-to-market losses.
  • Net loss for the period was $26.8 million, compared to a net loss of $5.8 million for the second quarter of 2022.
  • Adjusted EBITDA was $11.3 million for the second quarter of 2023, a decrease of $2.0 million, compared to the second quarter of 2022.
  • Beverage Solutions segment contributed $189.7 million of net sales and $11.7 million of Adjusted EBITDA for the second quarter of 2023, compared to $170.9 million and $12.5 million, respectively, for the second quarter of 2022.

Macquarie Leads $275 Million Syndicated Financing for Precious Metals Merchant Auramet

Retrieved on: 
Friday, August 4, 2023
Mining, Minerals, Natural Resources, CIBC Bank USA, HSBC Bank, International, Brown Brothers Harriman & Co., Commonwealth Bank, Lead arranger, Wells Fargo, HSBC Bank USA, Macquarie Group, Facility, Bookrunner, Bank

Auramet International, Inc. (“Auramet”), a leading precious metals merchant, is pleased to announce that it has closed a $275 million syndicated revolving credit facility (the “Facility”) led by Macquarie Bank Limited (“Macquarie”).

Key Points: 
  • Auramet International, Inc. (“Auramet”), a leading precious metals merchant, is pleased to announce that it has closed a $275 million syndicated revolving credit facility (the “Facility”) led by Macquarie Bank Limited (“Macquarie”).
  • Macquarie acted as Mandated Lead Arranger, Bookrunner and Administrative Agent for the Facility, which was well oversubscribed.
  • Auramet was pleased to expand its lender group to include Wells Fargo Bank.
  • The continued strong support of our banks is an important part of our business and Auramet appreciates the long-standing relationships we have with experienced and responsive bankers that understand our markets.” – Mark Edelstein, Auramet CFO

Brown Brothers Harriman Private Banking Team Continues Growth in Philadelphia

Retrieved on: 
Tuesday, July 18, 2023
Professional Services, Other Professional Services, Finance, Asset Management, Consulting, Personal Finance, Korea International Trade Association, Abe Bernstein, Acquisition, Wealth, Private, Customer, BBH, Citi Private Bank, Brown Brothers Harriman & Co., Private banking, Bank, Financial services, Citibank

The Private Banking arm of Brown Brothers Harriman & Co. (BBH) is pleased to announce the expansion and strengthening of its Wealth Management and Corporate Advisory & Banking teams in Philadelphia with the recent hiring of Tom Hyland, Patrick Gleeton, and Luke Hirneisen.

Key Points: 
  • The Private Banking arm of Brown Brothers Harriman & Co. (BBH) is pleased to announce the expansion and strengthening of its Wealth Management and Corporate Advisory & Banking teams in Philadelphia with the recent hiring of Tom Hyland, Patrick Gleeton, and Luke Hirneisen.
  • These hires reflect the firm’s deep commitment to Philadelphia and the mid-Atlantic region, its private business owners, and local endowments, foundations, and non-profit institutions.
  • Prior to joining the BBH team, Tom was a Private Banker at Citi Private Bank.
  • Prior to joining BBH in Philadelphia, Pat was a Private Wealth Advisor for AB Bernstein in Philadelphia, Atlanta, and Washington DC.

Brown Brothers Harriman Celebrates 5th Anniversary of BBH Income Fund

Retrieved on: 
Tuesday, June 27, 2023
Professional Services, Finance, Morning Star, Brother, Intermediate, Doctor of Philosophy, Fund, CFA, Brown Brothers Harriman & Co., Investment management, Cryptocurrency, Security (finance)

Brown Brothers Harriman & Co. (“BBH”) will mark the fifth anniversary of the BBH Income Fund (the ‘Fund”, ticker BBNIX) on June 27th.

Key Points: 
  • Brown Brothers Harriman & Co. (“BBH”) will mark the fifth anniversary of the BBH Income Fund (the ‘Fund”, ticker BBNIX) on June 27th.
  • The BBH Income Fund seeks to provide maximum total return, consistent with preservation of capital and prudent investment management.
  • The Fund aims to deliver strong returns through market cycles for investors seeking broad exposure to the U.S. fixed income markets.
  • For the latest insight to the BBH Income Fund performance, please click here .

ARM Energy and Rabobank Enter $110 Million Credit Facility

Retrieved on: 
Thursday, June 8, 2023
Oil, Gas, Energy, Asset Management, Marketing, Communications, Professional Services, Logistics, Supply Chain Management, Transport, First Horizon Bank, ARM, Valley Bank, Macquarie Group, Natural gas, AES, Growth, Rabobank, Brown Brothers Harriman & Co., Cryptocurrency

ARM Energy Services, LLC (AES), a private energy marketing firm and one of the leading North American physical natural gas marketers, has entered into a $110 million senior secured revolving credit facility with Rabobank as administrative agent, book runner and lead arranger.

Key Points: 
  • ARM Energy Services, LLC (AES), a private energy marketing firm and one of the leading North American physical natural gas marketers, has entered into a $110 million senior secured revolving credit facility with Rabobank as administrative agent, book runner and lead arranger.
  • Proceeds from the revolving credit facility were used to refinance AES’ $85 million credit facility and will support working capital needs and general corporate purposes.
  • “ARM Energy is excited to be expanding its credit facility and banking relationships,” said Zach Lee, chief executive officer, ARM Energy Holdings, LLC.
  • We look forward to working with ARM Energy for years to come.”
    Bo Dunne, chief financial officer, ARM Energy Holdings, LLC added, “We have known the Rabobank team for several years and were impressed with their energy capabilities in leading this inaugural deal.

Cytellix Honored with 2023 MSP Today Product of the Year Award

Retrieved on: 
Wednesday, May 24, 2023
XDR, State Street Global Advisors, Ernst & Young Entrepreneur of the Year Award, GRC, CISO, MSP, Defense industrial base, Member of the Scottish Parliament, State Street, TMC, Brown Brothers Harriman & Co., Extended detection and response

ALISO VIEJO, Calif., May 24, 2023 /PRNewswire/ -- Cytellix announced today that TMC, a global, integrated media company helping clients build communities in print, in person and online, has named the Cytellix Cyber Watch Platform (CCWP™) as a 2023 MSP Today Product of the Year Award winner.

Key Points: 
  • ALISO VIEJO, Calif., May 24, 2023 /PRNewswire/ -- Cytellix announced today that TMC , a global, integrated media company helping clients build communities in print, in person and online, has named the Cytellix Cyber Watch Platform (CCWP™) as a 2023 MSP Today Product of the Year Award winner.
  • This recognition underscores our commitment to helping MSPs deliver value to their clients in reducing cyber risk."
  • The Cytellix Cyber Watch Platform (CCWP™) is the ONLY place where Governance Risk and Compliance (GRC) and Extended Detection and Response (XDR) are delivered as a single integrated solution.
  • "It gives me great pleasure to honor Cytellix as a 2023 recipient of TMC's MSP Today Product of the Year Award for their innovative solution, Cytellix Cyber Watch Platform," said Rich Tehrani , CEO, TMC.