Oak Hill Capital Partners

CCC Intelligent Solutions Announces Proposed Secondary Offering of 20 Million Shares of Common Stock

Retrieved on: 
Thursday, April 4, 2024
Professional Services, IOT (Internet of Things), Technology, Insurance, Networks, Artificial Intelligence, Oak Hill Capital Partners, Offering, Form, Telephone, CCCS, EDGAR, Sale, Security (finance), Advent International, CCC

CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 20 million shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the “Selling Stockholders”).

Key Points: 
  • CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 20 million shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the “Selling Stockholders”).
  • The shares will be offered from time to time for sale through negotiated transactions or otherwise at market prices prevailing at the time of sale.
  • The Offering consists entirely of shares of the Company’s common stock to be sold by the Selling Stockholders, and the Company will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders.
  • The Offering will be made only by means of a prospectus supplement and the accompanying base prospectus.

CCC Intelligent Solutions Announces Proposed Secondary Offering of 40 Million Shares of Common Stock

Retrieved on: 
Thursday, February 29, 2024
Technology, Insurance, Professional Services, Software, Networks, Internet, IOT (Internet of Things), Data Management, Artificial Intelligence, Oak Hill Capital Partners, CCC, Telephone, J. P. Morgan, EDGAR, Sale, Form, Advent International, BofA Securities, CCCS, Security (finance), Offering

CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 40 million shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the “Selling Stockholders”).

Key Points: 
  • CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 40 million shares of the Company’s common stock (the “Offering”) by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the “Selling Stockholders”).
  • The Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 6 million shares of the Company’s common stock.
  • The Offering consists entirely of shares of the Company’s common stock to be sold by the Selling Stockholders, and the Company will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders.
  • Goldman Sachs & Co. LLC, BofA Securities and J.P. Morgan are acting as joint book running managers for the Offering.

CCC Intelligent Solutions Announces Pricing of Upsized Secondary Offering of 43 Million Shares of Common Stock

Retrieved on: 
Friday, March 1, 2024
Technology, Insurance, Professional Services, Software, Networks, Internet, IOT (Internet of Things), Data Management, Artificial Intelligence, Oak Hill Capital Partners, CCC, Telephone, J. P. Morgan, EDGAR, Sale, Form, Advent International, BofA Securities, CCCS, Security (finance), Offering

The Offering consists of 43 million shares of the Company’s common stock, upsized from the previously announced size of 40 million shares.

Key Points: 
  • The Offering consists of 43 million shares of the Company’s common stock, upsized from the previously announced size of 40 million shares.
  • The Selling Stockholders granted the underwriters a 30-day option to purchase up to an additional 6.45 million shares of the Company’s common stock.
  • The Offering is expected to close on or about March 4, 2024, subject to the satisfaction of customary closing conditions.
  • Goldman Sachs & Co. LLC, BofA Securities and J.P. Morgan are acting as joint book running managers for the Offering.

OHA is a Joint Lead Arranger of Private Unitranche Financing for Clarience Technologies’ Acquisition of Safe Fleet

Retrieved on: 
Thursday, February 15, 2024
BMO Capital Markets, Acquisition, Growth, Oak Hill Capital Partners, Original equipment manufacturer, OHA, Sale, Genstar, Partnership, Financial services

New York, New York, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as a Joint Lead Arranger to support the acquisition of Safe Fleet by Genstar-backed Clarience Technologies (“Clarience”).

Key Points: 
  • New York, New York, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as a Joint Lead Arranger to support the acquisition of Safe Fleet by Genstar-backed Clarience Technologies (“Clarience”).
  • Clarience and Safe Fleet are leading manufacturers of mission-critical safety related products serving a variety of vehicle end-markets, including buses, trucks, emergency and commercial vehicles.
  • OHA received one of the largest allocations of the multi-billion-dollar unitranche facility used to finance the acquisition and refinance existing debt.
  • OHA has deep knowledge of this industry, having first invested in Safe Fleet in 2018 in the syndicated market when Oak Hill Capital Partners acquired the company.

Oak Hill Capital Completes Sale of Safe Fleet to Clarience Technologies

Retrieved on: 
Thursday, February 15, 2024
Partnership, Injury, Safety, Sale, Oak Hill Capital Partners, KPMG

NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Oak Hill Capital ("Oak Hill") announced today that it has completed the sale of Safe Fleet Holdings, LLC ("Safe Fleet" or "the Company") to Clarience Technologies, LLC ("Clarience").

Key Points: 
  • NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Oak Hill Capital ("Oak Hill") announced today that it has completed the sale of Safe Fleet Holdings, LLC ("Safe Fleet" or "the Company") to Clarience Technologies, LLC ("Clarience").
  • "Our partnership with Oak Hill resulted in the pivotal transformation of Safe Fleet into a market-leading platform of electro-mechanical products, digital / technology-enabled solutions and installation, repair and upfitting services," stated Chairman and CEO of Safe Fleet John Knox.
  • "The sale of Safe Fleet to a strategic buyer exemplifies Oak Hill's highly targeted theme-based investment strategy," said Brian Cherry, a Managing Partner at Oak Hill.
  • Baird acted as the lead financial advisor to Safe Fleet and Oak Hill on this transaction.

Wire 3 Announces Majority Investment from Oak Hill Capital to Accelerate Fiber-to-the-Home Expansion in Florida

Retrieved on: 
Thursday, January 4, 2024
Guggenheim, Partnership, Guggenheim Partners, CFO, Wire, Allen & Overy, Internet, Internet access, Oak Hill Capital Partners, Growth

DAYTONA BEACH, Fla. and MENLO PARK, Calif., Jan. 4, 2024 /PRNewswire/ -- Wire 3, a leading fiber-to-the-home provider in Florida, announced today that Oak Hill Capital ("Oak Hill") has acquired the company from Guggenheim Investments ("Guggenheim") and committed to invest up to $250 million out of Oak Hill's sixth flagship fund to accelerate the expansion of Wire 3's fiber network in underserved communities across Florida. Wire 3's existing management team members are remaining as shareholders and will continue leading the business going forward.

Key Points: 
  • Wire 3's existing management team members are remaining as shareholders and will continue leading the business going forward.
  • Wire 3 is actively expanding its fiber network across Florida communities within Volusia, Brevard, Indian River, St. Lucie, Orange, and Marion counties.
  • "We are delighted to form a new partnership with Oak Hill, an experienced investor in the broadband sector," said Jai Ramachandran, CEO of Wire 3.
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Oak Hill.

Stonegate Updates Coverage on Isabella Bank Corporation (ISBA) 2023 Q3

Retrieved on: 
Tuesday, October 31, 2023
Oak Hill Capital Partners, ISBA, OTCQX, Telescopic sight

Dallas, Texas--(Newsfile Corp. - October 31, 2023) - Isabella Bank Corporation (OTCQX: ISBA): Stonegate Capital Partners updates their coverage on Isabella Bank Corporation (OTCQX: ISBA).

Key Points: 
  • Dallas, Texas--(Newsfile Corp. - October 31, 2023) - Isabella Bank Corporation (OTCQX: ISBA): Stonegate Capital Partners updates their coverage on Isabella Bank Corporation (OTCQX: ISBA).
  • To view the full announcement, including downloadable images, bios, and more, click here .
  • Click image above to view full announcement.

Stonegate Initiates Coverage on Belluscura PLC (BELL)

Retrieved on: 
Friday, October 20, 2023
Oak Hill Capital Partners, AIM, Telescopic sight

Dallas, Texas--(Newsfile Corp. - October 20, 2023) - Belluscura PLC (AIM: BELL): Stonegate Capital Partners initiates their coverage on Belluscura PLC (AIM: BELL).

Key Points: 
  • Dallas, Texas--(Newsfile Corp. - October 20, 2023) - Belluscura PLC (AIM: BELL): Stonegate Capital Partners initiates their coverage on Belluscura PLC (AIM: BELL).
  • To view the full announcement, including downloadable images, bios, and more, click here .
  • Click image above to view full announcement.

Bain Capital and Smith Hill Capital Launch $1 Billion Private Lending Platform Dedicated to Serving the Hospitality Sector

Retrieved on: 
Wednesday, October 25, 2023
Banking, Professional Services, Other Travel, Other Construction & Property, Residential Building & Real Estate, Lodging, Commercial Building & Real Estate, Destinations, Construction & Property, Travel, Finance, Consulting, National Advisory Committee on Institutional Quality and Integrity, Principal, Apple Leisure Group, Marriott International, Oak Hill Capital Partners, Growth, Bain Capital, Partnership, Security (finance)

Bain Capital Special Situations (“Bain Capital”) and Smith Hill Capital (“Smith Hill”), an affiliate of Procaccianti Companies, today announced the formation of a joint venture to originate debt and preferred equity to serve the financing needs of companies and assets in the hospitality sector.

Key Points: 
  • Bain Capital Special Situations (“Bain Capital”) and Smith Hill Capital (“Smith Hill”), an affiliate of Procaccianti Companies, today announced the formation of a joint venture to originate debt and preferred equity to serve the financing needs of companies and assets in the hospitality sector.
  • In select instances, Bain Capital and Smith Hill Capital will seek to acquire debt and provide rescue capital to high-quality borrowers.
  • “Smith Hill Capital was formed to build upon Procaccianti Companies’ long and successful track record in the sector.
  • “We are excited to deliver meaningful financing solutions direct to the hospitality sector through this tremendous partnership between Bain Capital and Smith Hill Capital,” said James Procaccianti, Chief Executive Officer of Procaccianti Companies.

DiscountCell Joins Growing Value-Added Distribution Platform With Alliance, GetWireless, and TESSCO.

Retrieved on: 
Monday, October 2, 2023
Consulting, Banking, Technology, IOT (Internet of Things), Professional Services, Small Business, Other Professional Services, Networks, Internet, Mobile, Wireless, Finance, State, GSA, Telecommunications, Internet of things, Distribution (marketing), Government, Blackstone, Acquisition, Investment, General Services Administration, National Association, Lee Equity Partners, Oak Hill Capital Partners, Weil, Gotshal & Manges, Lot, Mobile phone, Airline, LP

This acquisition expands the Alliance family of companies, which includes Alliance Corporation, GetWireless, and TESSCO Technologies.

Key Points: 
  • This acquisition expands the Alliance family of companies, which includes Alliance Corporation, GetWireless, and TESSCO Technologies.
  • Together, this family of businesses are committed to supporting and growing the value-added reseller channel ecosystem.
  • Channel partners, vendors, and carriers can now work with the growing distribution platform for government contract procurement via NASPO (National Association of State Procurement Officials), GSA (U.S. General Services Administration), and state, local and education contracts.
  • Rathbone Law and Cathedral Consulting served as legal counsel and financial advisor for DiscountCell.