Stout

Edison issues review on Murray International Trust (MYI): Business as usual ahead of manager’s retirement

Retrieved on: 
Wednesday, April 10, 2024
Livingston (basketball), Retirement, MYI, Growth, Policy, Stout, Security (finance)

Murray International Trust’s (MYI’s) managers are transitioning smoothly from a team of three to two, ahead of Bruce Stout’s retirement at the end of June 2024.

Key Points: 
  • Murray International Trust’s (MYI’s) managers are transitioning smoothly from a team of three to two, ahead of Bruce Stout’s retirement at the end of June 2024.
  • The two remaining managers, Martin Connaghan and Samantha Fitzpatrick, have worked closely with Stout since 2001, so MYI’s shareholders can have confidence that it will be ‘business as usual’ in H224 and beyond.
  • MYI is a very well-established trust, with an experienced collaborative management team, offering investors the prospects of both income and capital growth.
  • Versus its peers, MYI has a higher allocation to emerging markets due to their higher growth potential and attractive valuations.

iVALT Disrupts the $30 Billion Identity Market

Retrieved on: 
Wednesday, March 27, 2024
Theft, Friends, Internet of things, 1-Click, Internet, Social media, Stout, Identity crisis, AI, Doctor of Philosophy, Identity theft, ID, Privacy, Family, IDS

PLEASANTON, Calif., March 27, 2024 /PRNewswire/ -- For the past few decades, we've been suffering from an identity crisis. Relentless data breeches, escalating hacker attacks, expensive ransomware demands, rampant identity theft, and sophisticated deepfakes have made verifying your own identity—and the identity of who you're interacting with over the phone or internet—extremely challenging for businesses and individuals alike.

Key Points: 
  • iVALT Transforms Zero Trust Identity with Patented, 1-Click Approach
    PLEASANTON, Calif., March 27, 2024 /PRNewswire/ -- For the past few decades, we've been suffering from an identity crisis.
  • iVALT reveals the true identity, OnDemandID , of the person on the other end of any phone call regardless of the caller ID.
  • iVALT will soon be offering the option to use iVALT as an anchor reference for user identity, by verifying government-issued documents like driver's licenses and passports when you register your iVALT mobile app so you can use iVALT to access online banking, social media networks, or crypto currency transactions.
  • "iVALT has set out first and foremost to create a great customer experience," says Krishan, CEO of iVALT.

Blue Point Prepares the Foundation for SBG Holdings Exit

Retrieved on: 
Wednesday, February 21, 2024
Construction & Property, Finance, Chemicals, Plastics, Business, Professional Services, Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Other Construction & Property, CFO, SBG, BPCP, Stout, Person, Growth, Sale, History, Workforce, Partnership, Bank

Blue Point Capital Partners is pleased to announce the exit of SBG Holdings (“SBG”), a BPCP III portfolio company, in a sale to Charger Investment Partners.

Key Points: 
  • Blue Point Capital Partners is pleased to announce the exit of SBG Holdings (“SBG”), a BPCP III portfolio company, in a sale to Charger Investment Partners.
  • Blue Point partnered with SASE in 2017 as the company’s first institutional investor.
  • “Blue Point has been the right partner at the right time for SBG.
  • Note: Certain statements about Blue Point Capital Partners made by portfolio company executives herein are intended to illustrate Blue Point Capital Partners’ business relationship with such persons, including with respect to Blue Point Capital Partners’ facilities as a business partner, rather than Blue Point Capital Partners’ capabilities or expertise with respect to investment advisory services.

Grocery Outlet Holding Corp. To Acquire United Grocery Outlet

Retrieved on: 
Thursday, February 15, 2024
Acquisition, Stout, Honigman LLP, Southeastern United States, Grocery Outlet, UGO, United Grocery Outlet, BofA Securities, Bass, GO, Environment, Retail

EMERYVILLE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced that it has agreed to acquire United Grocery Outlet ("UGO"), an extreme value, discount grocery retailer operating throughout the Southeastern United States, from affiliates of Gen Cap America, Inc. and current and former UGO management.

Key Points: 
  • EMERYVILLE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced that it has agreed to acquire United Grocery Outlet ("UGO"), an extreme value, discount grocery retailer operating throughout the Southeastern United States, from affiliates of Gen Cap America, Inc. and current and former UGO management.
  • RJ Sheedy, President and Chief Executive Officer of Grocery Outlet, stated, "United Grocery Outlet is a natural fit given our similar opportunistic buying strategies, customer value propositions, and shared mission of serving our communities.
  • Together, we look forward to growing the positive impact on our community," said Lisa Bryson, CEO of United Grocery Outlet.
  • Stout acted as financial advisor and Bass, Berry & Sims PLC acted as legal advisor to Gen Cap and United Grocery Outlet.

Altitude Trampoline Park Announces Mike Stout as Vice President of Franchise Development

Retrieved on: 
Tuesday, February 6, 2024
CO, Growth, Shipley Do-Nuts, Trampoline, History, Stout

DALLAS, Feb. 6, 2024 /PRNewswire/ -- Altitude Trampoline Park, the leading family-friendly entertainment franchise, has announced the appointment of Mike Stout as the company's Vice President of Franchise Development, effective immediately. In this role, Stout will utilize his extensive experience to lead the brand's franchise recruitment, real estate, and construction initiatives.

Key Points: 
  • DALLAS, Feb. 6, 2024 /PRNewswire/ -- Altitude Trampoline Park , the leading family-friendly entertainment franchise, has announced the appointment of Mike Stout as the company's Vice President of Franchise Development, effective immediately.
  • Altitude is nearing 100 locations globally, and we believe Mike's skills will be instrumental in growing our franchise recruitment initiatives," said Mike Rotondo, CEO of Altitude Trampoline Park.
  • Prior to Altitude, Stout held senior franchise and business development roles with companies including Shipley Do-Nuts, Save-A-Lot Food Stores, Papa John's, Carl's Jr. and Hardee's.
  • An expert in the franchise industry, Stout has led development teams in the areas of growth initiatives, franchise recruitment, site selection, and construction.

Breckenridge Distillery and Breckenridge Brewery Announce Fourth Edition of Sexy Motor Oil Whiskey and New Sexy Motor Oil Beer

Retrieved on: 
Tuesday, January 30, 2024
Partnership, Coffee, Chocolate, Ageing, BRECKENRIDGE, Espresso, TLRY, Vanilla, TSX, Stout, Tongue, Lunch, Breckenridge Brewery, Beer

The ongoing Sexy Motor Oil collaboration between Breckenridge Distillery and Breckenridge Brewery, which are located three miles from one another, involves aging the brewery’s Imperial Oatmeal Stout in the distillery’s bourbon whiskey barrels.

Key Points: 
  • The ongoing Sexy Motor Oil collaboration between Breckenridge Distillery and Breckenridge Brewery, which are located three miles from one another, involves aging the brewery’s Imperial Oatmeal Stout in the distillery’s bourbon whiskey barrels.
  • After the beer has been emptied from the barrels, the distillery fills the barrels with Breckenridge Bourbon Whiskey where it ages for more than a year to become Sexy Motor Oil whiskey.
  • Starting Valentine’s Day on Feb.14, 2024, the limited-edition Sexy Motor Oil whiskey will be available for purchase at Breckenridge Distillery and the Breckenridge Distillery Tasting Room on Main Street in Breckenridge, Colorado, and will retail for $200.
  • Visit Breckenridge Distillery and Breckenridge Brewery locations to pick up bottles of this year’s limited edition Sexy Motor Oil whiskey and beer to gift on Valentine’s Day.

Crewe Capital Expands Footprint to Michigan with Addition of Veteran Banker

Retrieved on: 
Tuesday, January 30, 2024
Professional Services, Other Professional Services, Finance, Consulting, Banking, Accounting, Acquisition, Ernst & Young, Multimedia, Mountain West Conference, Growth, Basil, Investment banking, Capital, Stout, Great Lakes region, Financial services

View the full release here: https://www.businesswire.com/news/home/20240130872364/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240130872364/en/
    Brian Basil, Managing Director at Crewe Capital (Photo: Business Wire)
    “I am ecstatic to be joining such a prestigious firm.
  • With prior connections to Michigan across the Crewe team, it is a natural venue for future growth of the business.
  • We could not be more excited to have him at our firm,” commented Mike Bennett, Managing Partner of Crewe Capital.
  • Basil was named Investment Banker of the Year in 2019 by the Association for Corporate Growth chapter in Southeast Michigan.

Edison issues update on Murray International Trust (MYI): Attractive offering of income and capital growth

Retrieved on: 
Tuesday, January 30, 2024
Growth, MYI, Diageo, Livingston (basketball), COVID, Trust, Stout, Pernod Ricard, Policy

Murray International Trust’s (MYI’s) three managers, Bruce Stout, Martin Connaghan and Samantha Fitzpatrick, have worked closely together since 2001, so it will be business as usual when Stout retires at the end of June.

Key Points: 
  • Murray International Trust’s (MYI’s) three managers, Bruce Stout, Martin Connaghan and Samantha Fitzpatrick, have worked closely together since 2001, so it will be business as usual when Stout retires at the end of June.
  • Portfolio turnover is relatively low as Stout, Connaghan and Fitzpatrick invest with a long-term perspective, seeking ‘good businesses at good prices’.
  • Decision-making is a collaborative, measured process, and all three managers must agree on a transaction before it goes ahead.
  • Recent new positions include alcoholic beverage companies Diageo and Pernod Ricard, where share price weakness provided attractive entry points.

Stout Ranks as Top Fairness Opinion Provider in 2023

Retrieved on: 
Monday, January 22, 2024
Sale, Mergers and acquisitions, Stout, Trustee, Refinitiv, Accounting, Audit

CHICAGO, Jan. 22, 2024 /PRNewswire/ -- Stout is pleased to once again be recognized as the top fairness opinion advisor in the United States in 2023 as ranked by LSEG in its Global M&A Financial Advisory Review.

Key Points: 
  • CHICAGO, Jan. 22, 2024 /PRNewswire/ -- Stout is pleased to once again be recognized as the top fairness opinion advisor in the United States in 2023 as ranked by LSEG in its Global M&A Financial Advisory Review.
  • In addition, Stout was ranked third globally for fairness opinions in 2023.
  • Since 2012, Stout has consistently ranked as a top fairness opinion provider by LSEG.
  • New SEC rulemaking regarding the requirement for a valuation opinion or a fairness opinion in GP-led secondary transactions led to an increase in demand for related transaction opinions.

webAI Launches futureOS: Navigator, a Defining Moment for Human-Centric AI OS

Retrieved on: 
Thursday, November 30, 2023
Cloud, Entrepreneurship, Ecosystem, Digital, Travel, Stout, Learning, Movement, Navigator, Data, Head, Internet, Human, AI, Element, GPU, Privacy, Narration, Machine learning, Canvas, Assistant, Author, Medical device

In developing futureOS, the priorities of webAI included:

Key Points: 
  • In developing futureOS, the priorities of webAI included:
    AI Accessibility: Paving the way for every individual, irrespective of their technical prowess, to craft their own AI models.
  • futureOS promises to be a reliable companion for both seasoned tech experts and someone just starting on their AI journey."
  • Canvas makes stepping into the world of AI easier and allows users to get the best of both worlds.
  • It's not just about harnessing AI, but empowering them to create, share, learn, and capitalize on their AI vision.