Cerberus

Don McKenzie appointed Chief Executive Officer of The Imagine Group

Retrieved on: 
Tuesday, March 12, 2024
Cerberus, Cerberus Capital Management, Dotti, Communication, Chairperson, History, Investment, Patent, Management

MINNEAPOLIS, March 12, 2024 (GLOBE NEWSWIRE) -- The Imagine Group (“Imagine” or the “Company”), a leading provider of visual communications, today announced that Don McKenzie has been appointed Chief Executive Officer, effective immediately.

Key Points: 
  • MINNEAPOLIS, March 12, 2024 (GLOBE NEWSWIRE) -- The Imagine Group (“Imagine” or the “Company”), a leading provider of visual communications, today announced that Don McKenzie has been appointed Chief Executive Officer, effective immediately.
  • McKenzie has been Chair of the Board since 2021 and assumed the role of Acting CEO in September of 2023.
  • With more than 35 years of relevant industry experience, McKenzie is a transformational leader who has served as President, CEO, advisor, and board member of private, private equity-backed, and public companies.
  • “Imagine is an exceptional company, with amazing clients, a strong talent base, and a market-leading manufacturing and technology infrastructure.

Enterprise Community Development Announces Janine Lind as President

Retrieved on: 
Wednesday, March 20, 2024
Cerberus, Marylhurst University, Community development, Harvard Kennedy School, Policy, Capital, American College, Housing, Cerberus Capital Management, Enterprise Community Partners, Marketing, ECD, National Apartment Association, Management

SILVER SPRING, Md., March 20, 2024 /PRNewswire/ -- Enterprise Community Development, Inc. (ECD), a leading non-profit owner and developer of affordable homes in the Mid-Atlantic and an affiliate of Enterprise Community Partners (Enterprise), today announced the appointment Janine Lind as its new president starting April 29.

Key Points: 
  • SILVER SPRING, Md., March 20, 2024 /PRNewswire/ -- Enterprise Community Development, Inc. (ECD), a leading non-profit owner and developer of affordable homes in the Mid-Atlantic and an affiliate of Enterprise Community Partners (Enterprise), today announced the appointment Janine Lind as its new president starting April 29.
  • Lind will lead Enterprise Community Development's $1.4B portfolio of 115 communities serving 24,000 residents.
  • office, Lind will lead the Community Development division's high-impact residential development, preservation, asset and property management, and resident services work and its $1.4 billion portfolio of 115 communities serving 24,000 residents.
  • "Janine's experience and dedication to mission-focused housing organizations make her a clear choice to lead our Community Development division and to help make home and community places of pride and belonging," said Shaun Donovan, president and CEO of Enterprise Community Partners.

STEALTHGAS INC. Reports Fourth Quarter and Twelve Months 2023 Financial and Operating Results

Retrieved on: 
Wednesday, February 21, 2024
Cerberus, Conference call, Depreciation, PIN, Share repurchase, Growth, Sale, CBM, Net income, Conference, GAAP, JV, Dry dock, Lucidity, MGC, Webcast, Interest, EPS, LPG, Cryptocurrency

Drydocking costs for the three months ended December 31, 2023 and 2022 were $0.03 million and $0.6 million, respectively.

Key Points: 
  • Drydocking costs for the three months ended December 31, 2023 and 2022 were $0.03 million and $0.6 million, respectively.
  • No vessels were drydocked during the fourth quarter of 2023 while drydocking expenses during the fourth quarter of 2022 mainly relate to the drydocking of two vessels.
  • Management fees for the three months ended December 31, 2023 and 2022 were $1.0 million and $1.3 million, respectively.
  • General and administrative expenses for the three months ended December 31, 2023 and 2022 were $1.7 million and $0.8 million, respectively.

HF Foods Appoints Felix Lin as President of the Company

Retrieved on: 
Friday, February 9, 2024
Cerberus, Manufacturing operations, Corporation, Human resources, Cerberus Capital Management, Accounting, LLP, Blue Bird Corporation, Management

LAS VEGAS, Feb. 09, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants throughout the United States (“HF Foods”, or the “Company”), is pleased to announce the appointment of Mr. Xi Lin (aka Felix Lin) as President of the Company, in addition to his current role as the Company’s Chief Operating Officer, effective February 12, 2024.

Key Points: 
  • LAS VEGAS, Feb. 09, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants throughout the United States (“HF Foods”, or the “Company”), is pleased to announce the appointment of Mr. Xi Lin (aka Felix Lin) as President of the Company, in addition to his current role as the Company’s Chief Operating Officer, effective February 12, 2024.
  • Mr. Lin has served as the Company’s Chief Operating Officer since May 1, 2022.
  • Peter Zhang, CEO of HF Foods added: “I am pleased to announce that Felix Lin, Chief Operating Officer, will assume the additional role of President for HF Foods.
  • As President and Chief Operating Officer of HF Foods, Felix will lead the cross-functional collaboration internally in achieving our strategic business objectives.

Untether AI Enters 2024 Positioned for Growth

Retrieved on: 
Thursday, January 4, 2024
Mobile, Wireless, Technology, Semiconductor, Telecommunications, Software, Networks, Internet, Electronic Design Automation, Data Management, Artificial Intelligence, Cloud, Cerberus, Architecture, Google Cloud, Computer science, Cerberus Capital Management, Multimedia, Computer engineering, Engineering, Intel, Head, Project Athena, University, AI, Machine learning, Socs, Generative, Doctor of Philosophy, Growth, Corporation, Intelligence, Acceleration, Intel Capital, Senior, Management

Untether AI ®, the leader in energy-centric AI acceleration technology, today announced Board of Directors and senior leadership appointments as it enters a new phase of growth.

Key Points: 
  • Untether AI ®, the leader in energy-centric AI acceleration technology, today announced Board of Directors and senior leadership appointments as it enters a new phase of growth.
  • View the full release here: https://www.businesswire.com/news/home/20240104033093/en/
    Mr. Walker joined Untether AI as President in 2023 from Intel Corporation, where he was Corporate Vice President and General Manager.
  • "I send my heartfelt congratulations to Chris as he leads Untether AI into their next stage of growth in architecture."
  • “The rise of AI compute workloads requires a radical re-thinking of how compute is done, which is what Untether AI is pioneering with its energy efficient, scalable solution for AI applications,” said Dr. Salek.

HSBC Continental Europe: Completion of the Sale of Retail Banking Business in France, Including the Sale of HSBC SFH (France)

Retrieved on: 
Monday, January 1, 2024
Banking, Professional Services, Finance, Cerberus, Sale, HSBC Continental Europe, HSBC, Transaction, CCF, Insurance, Debt club, Security (finance)

Headquartered in Paris, HSBC Continental Europe is an indirectly held subsidiary of HSBC Holdings plc.

Key Points: 
  • Headquartered in Paris, HSBC Continental Europe is an indirectly held subsidiary of HSBC Holdings plc.
  • HSBC Continental Europe’s mission is to serve both customers in Continental Europe for their financial needs worldwide and customers in other Group countries for their financial needs in Continental Europe.
  • With assets of US$3,021bn at 30 September 2023, HSBC is one of the world's largest banking and financial services organisations.
  • All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements.

Comscore Lead Director Brent Rosenthal to Retire from the Board and Not Stand for Re-election at the 2024 Annual Meeting

Retrieved on: 
Friday, December 29, 2023
Cerberus, Cerberus Capital Management, Rentrak, WPP, Human, Charter Communications, Investment, Management

RESTON, Va., Dec. 29, 2023 /PRNewswire/ -- Comscore, Inc. (Nasdaq: SCOR) ("Comscore" or the "Company") announced today that its Lead Director, Brent Rosenthal, who stepped down as non-executive Chairman of the Board in 2022, will retire from the Board and not stand for re-election at the Company's 2024 annual meeting of stockholders. The Company plans to nominate Chief Executive Officer Jon Carpenter to join the Board in 2024.

Key Points: 
  • RESTON, Va., Dec. 29, 2023 /PRNewswire/ -- Comscore, Inc. (Nasdaq: SCOR) ("Comscore" or the "Company") announced today that its Lead Director, Brent Rosenthal, who stepped down as non-executive Chairman of the Board in 2022, will retire from the Board and not stand for re-election at the Company's 2024 annual meeting of stockholders.
  • The Company plans to nominate Chief Executive Officer Jon Carpenter to join the Board in 2024.
  • Mr. Rosenthal has served Comscore and its affiliated companies for more than 15 years.
  • We wish him well on his future endeavors," concluded Brian Wendling, who was designated to the Board by Liberty Broadband.

MiddleGround Capital Closes $440 Million Continuation Vehicle to Combine Castle Metals and Banner Industries

Retrieved on: 
Tuesday, November 21, 2023
Carbon, Cerberus, Dechert, CFO, LLP, Transaction, Strategic management, Fifth Third Bank, Metal, Growth

In 2019, the company did a little over $100 million of revenue with ~$9 million of EBITDA.

Key Points: 
  • In 2019, the company did a little over $100 million of revenue with ~$9 million of EBITDA.
  • For the Last Twelve Month (“LTM”) period Banner has more than tripled in size to nearly $350 million of revenue and EBITDA has expanded to ~$55 million.
  • MiddleGround acquired Castle earlier this year and Fund I has warehoused the deal using recyclable capital while MiddleGround raised the CV.
  • Dechert LLP served as a buy-side legal advisor and Greenberg Traurig LLP served as a sell-side legal advisor to MiddleGround Capital.

Albertsons Companies Appoints Sarah Mensah and Lisa Gray to Board of Directors

Retrieved on: 
Monday, December 18, 2023
Retail, Supermarket, Food, Beverage, Negotiation, Albertsons, NYSE, Trailblazer, Senior, Law, Adweek, Woman, Advertising, Journalism, International, Multimedia, 2010 Jordan Brand Classic, University, Cerberus Capital Management, Hamline University, NIKE, ACI, Nike, American City Business Journals, Management, Sport, Telecommunications, Marketing, Cerberus

Albertsons Companies, Inc. (NYSE: ACI) announced today that Sarah Mensah and Lisa Gray have been appointed to the Company’s Board of Directors (the “Board”) .

Key Points: 
  • Albertsons Companies, Inc. (NYSE: ACI) announced today that Sarah Mensah and Lisa Gray have been appointed to the Company’s Board of Directors (the “Board”) .
  • View the full release here: https://www.businesswire.com/news/home/20231218822314/en/
    Sarah Mensah has been appointed to the Albertsons Companies, Inc. Board of Directors.
  • Prior to the initial public offering of Albertsons Cos., Ms. Gray served on the board of directors of Albertsons LLC and various of its subsidiary companies.
  • As previously announced by the Company, Ms. Gray was appointed to the Board effective November 21, 2023.

Leading Home Equity Provider Spring EQ Completes Sale to Cerberus

Retrieved on: 
Monday, December 18, 2023
Residential Building & Real Estate, Construction & Property, Professional Services, Finance, LLP, Cerberus Capital Management, Acquisition, Morgan Stanley, EQ, Dechert, Cerberus

Spring EQ, a leading provider of home equity financing solutions, today announced that it has completed its previously announced acquisition by an affiliate of Cerberus Capital Management, L.P., a global leader in alternative investing.

Key Points: 
  • Spring EQ, a leading provider of home equity financing solutions, today announced that it has completed its previously announced acquisition by an affiliate of Cerberus Capital Management, L.P., a global leader in alternative investing.
  • With the completion of the transaction, Spring EQ officially joins Cerberus’ Residential Opportunities platform to take the next step in its journey to deliver best-in-class offerings and expand its leadership in the home equity financing market.
  • Founder and Chief Executive Officer Jerry Schiano, alongside the current management team, will continue to lead Spring EQ.
  • Katten Muchin Rosenman LLP acted as legal advisor to Spring EQ and GreensLedge Capital Markets LLC served as financial advisor.