Alston & Bird

LS Investor Group, LLC, Acquires Community Bank & Trust, Rebrands as LifeSteps Bank & Trust to Bring Boutique Small Business Banking Services to Alabama

Retrieved on: 
Tuesday, March 12, 2024
Union, Alston & Bird, Acquisition, Small business, Ford, Trust, Chemistry, The Wombles, Community Bank, DD, Baby boomers

He added that acquiring the bank "offered an attractive opportunity for us to catalyze our business model without the inherent challenges of establishing a pure de-novo institution."

Key Points: 
  • He added that acquiring the bank "offered an attractive opportunity for us to catalyze our business model without the inherent challenges of establishing a pure de-novo institution."
  • With that in mind, LifeSteps Bank & Trust will focus on helping small business owners think strategically about their businesses and their legacy.
  • Womble and Ford have assembled a leadership team with deep experience in delivering highly customized banking experiences to local businesses.
  • Community Bank and Trust was advised by Troutman Pepper Hamilton Sanders LLP.

FUJIFILM Diosynth Biotechnologies Appoints Richard McAvoy as Chief Financial Officer

Retrieved on: 
Monday, March 11, 2024
CFO, Head, Potyvirus, Life, Growth, Novo Nordisk, Alston & Bird, Vaccine, CDMO, History, Financial management, Small Business Saturday, Partner, Fujifilm Diosynth Biotechnologies, Management

In his new role, McAvoy will be responsible for the Company’s financial strategies, overseeing all financial activities within the organization, ensuring robust financial management and contributing to the realization of FUJFILM Diosynth Biotechnologies’ aggressive growth strategy.

Key Points: 
  • In his new role, McAvoy will be responsible for the Company’s financial strategies, overseeing all financial activities within the organization, ensuring robust financial management and contributing to the realization of FUJFILM Diosynth Biotechnologies’ aggressive growth strategy.
  • We look forward to Richard’s contributions as we execute on our growth strategy," said Lars Petersen, president and chief executive officer of FUJIFILM Diosynth Biotechnologies.
  • Prior to joining FUJIFILM Diosynth Biotechnologies, he held leadership roles at Novo Nordisk and Alston & Bird LLP.
  • To find more information on all members of the FUJIFILM Diosynth Biotechnologies Executive Leadership team please visit: www.fujifilmdiosynth.com/leadership

Grain Management Completes Acquisition of American Arctic Fiber Provider, Quintillion

Retrieved on: 
Thursday, February 15, 2024
Acquisition, Morgan, Lewis & Bockius, Alston & Bird, Government, LLP, Digital divide, Internet service provider

WASHINGTON, Feb. 15, 2024 /PRNewswire/ -- Grain Management, LLC ("Grain") , a trusted solutions provider to the broadband and communications industry, announced today that it has completed its acquisition of QSH Parent Holdco LLC ("Quintillion" or the "Company") , the leading provider of fiber-based connectivity in Alaska and the North American Arctic.

Key Points: 
  • WASHINGTON, Feb. 15, 2024 /PRNewswire/ -- Grain Management, LLC ("Grain") , a trusted solutions provider to the broadband and communications industry, announced today that it has completed its acquisition of QSH Parent Holdco LLC ("Quintillion" or the "Company") , the leading provider of fiber-based connectivity in Alaska and the North American Arctic.
  • The acquisition brings this high-capacity broadband network provider into the Grain network of mission-critical broadband infrastructure and communications businesses.
  • Quintillion sells broadband connectivity, satellite ground station, and edge processing services to government and commercial telecommunication providers in the North American Arctic.
  • "The Grain team is excited to get to work alongside the talented leadership team at Quintillion," said Chad Crank, Managing Director at Grain .

Abacus Life, Inc. Prices Public Offering of $25 Million Additional 9.875% Notes Due 2028

Retrieved on: 
Monday, February 12, 2024
Prospectus, Ladenburg Thalmann, Note, Sale, Alston & Bird, LLP, Security (finance), ABL

ORLANDO, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL; ABLLL) today announced that it has priced an underwritten public offering of $25 million in aggregate principal amount of its additional 9.875% notes due 2028 (the “New Notes”).

Key Points: 
  • ORLANDO, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL; ABLLL) today announced that it has priced an underwritten public offering of $25 million in aggregate principal amount of its additional 9.875% notes due 2028 (the “New Notes”).
  • When issued, the New Notes will bring the aggregate amount of Notes outstanding to $60,650,000.
  • The Company has granted the underwriters an option to purchase up to an additional $3,750,000 in aggregate principal amount of New Notes solely to cover overallotments, if any.
  • The Company expects to use the net proceeds from this offering to refinance other outstanding indebtedness and for general corporate purposes.

Cohesity and Veritas’ Data Protection Business to Combine, Forming a New Leader in AI-Powered Data Security and Management

Retrieved on: 
Thursday, February 8, 2024
Data Management, Security, Apps, Applications, Technology, Software, Networks, Artificial Intelligence, Alston & Bird, Synthetic media, Latham & Watkins, SoftBank Vision Fund, TAM, Growth, Investment, JPMorgan Chase, Data management, CIO, Sequoia Capital, PJT Partners, Original equipment manufacturer, Backup Exec, Uncertainty, Guggenheim Partners, Senior, Failure, Face, ARR, Morgan Stanley, Semantic feature, Chase Bank, Research, Vii, Ix, Renewable energy

Cohesity , a leader in AI-powered data security and management, and Veritas , a leader in secure multicloud data resilience, today are announcing their definitive agreement under which Cohesity intends to combine with Veritas’ data protection business, which will be carved out of Veritas, to create a new leader in data security and management.

Key Points: 
  • Cohesity , a leader in AI-powered data security and management, and Veritas , a leader in secure multicloud data resilience, today are announcing their definitive agreement under which Cohesity intends to combine with Veritas’ data protection business, which will be carved out of Veritas, to create a new leader in data security and management.
  • Protecting the world’s data and gaining insights from that data are top imperatives for IT practitioners all the way to board members.
  • This highly complementary combination will create a new leader in data security and management with numerous product offerings to help customers address their needs for data security and data insights.
  • This figure includes the data replication and protection software market, estimated to be $12.2 billion in 2024 by IDC1.

Business First Bancshares, Inc. Announces Acquisition of Waterstone LSP, LLC

Retrieved on: 
Thursday, February 1, 2024
PLLC, SBA, American City Business Journals, FIG, Alston & Bird, Small business, LLP, Business

BATON ROUGE, La., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Business First Bancshares, Inc. (Business First) (Nasdaq: BFST), the holding company for b1BANK announced today the signing of a definitive agreement to acquire Waterstone LSP, LLC (Waterstone).

Key Points: 
  • BATON ROUGE, La., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Business First Bancshares, Inc. (Business First) (Nasdaq: BFST), the holding company for b1BANK announced today the signing of a definitive agreement to acquire Waterstone LSP, LLC (Waterstone).
  • Waterstone was founded in 2012 by Mark Danford and Anthony Parrino to work hand-in-hand with community banks and small business owners to implement and manage the U.S. Small Business Administration’s (SBA) loan programs.
  • Waterstone will operate as a subsidiary of b1BANK and will report through Chief Administrative Officer, Jerry Vascocu.
  • Alston & Bird, LLP acted as legal advisor to b1BANK, while Brunini, Grantham, Grower & Hewes, PLLC advised Waterstone.

Wealth Partners Capital Group and HGGC Establish Strategic Partnership With True North Advisors

Retrieved on: 
Wednesday, January 24, 2024
Finance, Consulting, Banking, Professional Services, Other Professional Services, Alston & Bird, LLP, Multimedia, Partnership, Kirkland & Ellis, RIAS, HGGC, Investment, Creativity, Mark Scott, WPCG, Growth

True North Advisors, LLC (“True North”), a Texas-based registered investment adviser (“RIA”), today announced it has entered into a strategic partnership with Wealth Partners Capital Group (“WPCG”), a financial services holding company, and HGGC, a firm focused on partnership investing.

Key Points: 
  • True North Advisors, LLC (“True North”), a Texas-based registered investment adviser (“RIA”), today announced it has entered into a strategic partnership with Wealth Partners Capital Group (“WPCG”), a financial services holding company, and HGGC, a firm focused on partnership investing.
  • WPCG and HGGC have made a minority equity investment in True North to help accelerate True North’s growth via targeted acquisitions.
  • The management team of True North remain majority shareholders and will continue to control the decision-making and operations of the firm.
  • Alston & Bird and Kirkland & Ellis LLP served as legal counsel to True North and the new investor group, respectively.

CoastalSouth Bancshares, Inc. Completes $12 Million Common Stock Offering

Retrieved on: 
Saturday, January 27, 2024
HEAD, LLP, CSB, Alston & Bird, The Company, Growth

HILTON HEAD ISLAND, S.C., Jan. 27, 2024 /PRNewswire/ -- CoastalSouth Bancshares Inc. ("CoastalSouth" or the "Company"), the holding company for Coastal States Bank ("CSB"), is pleased to announce that on Friday, January 26, 2024, it completed a private placement of common stock for gross proceeds of approximately $12 million.

Key Points: 
  • HILTON HEAD ISLAND, S.C., Jan. 27, 2024 /PRNewswire/ -- CoastalSouth Bancshares Inc. ("CoastalSouth" or the "Company"), the holding company for Coastal States Bank ("CSB"), is pleased to announce that on Friday, January 26, 2024, it completed a private placement of common stock for gross proceeds of approximately $12 million.
  • CoastalSouth intends to use the net proceeds from the private placement for general corporate purposes, including continued growth and maintenance of bank level regulatory capital ratios.
  • "CSB's performance during 2023 was outstanding, both from a growth and profitability standpoint," said Stephen Stone, President and Chief Executive Officer of CoastalSouth and CSB.
  • "We are very fortunate to enjoy a strong and supportive shareholder base and we are excited about our prospects for continued growth."

Perigon Wealth Management Welcomes Constellation Wealth Capital As Strategic Investor

Retrieved on: 
Tuesday, January 16, 2024
Constellation, Heckenberg, New South Wales, RIA, Growth, SAN, Partnership, Kirkland & Ellis, San Francisco Bay Area, Alston & Bird, Executive, Merchant, Investment, CWC, AUM

SAN FRANCISCO, Jan. 16, 2024 /PRNewswire/ -- Perigon Wealth Management ("Perigon"), a rapidly growing independent wealth management firm with offices across the country and over $6.5 billion in client assets as of Dec. 31, 2023, today announced it has received a minority investment from Constellation Wealth Capital ("CWC") to enhance its strategic expansion. Merchant Investment Management, which entered a partnership with Perigon in 2019, will exit the relationship after five successful years. The terms of the deal were not disclosed.

Key Points: 
  • SAN FRANCISCO, Jan. 16, 2024 /PRNewswire/ -- Perigon Wealth Management ("Perigon"), a rapidly growing independent wealth management firm with offices across the country and over $6.5 billion in client assets as of Dec. 31, 2023, today announced it has received a minority investment from Constellation Wealth Capital ("CWC") to enhance its strategic expansion.
  • Merchant Investment Management, which entered a partnership with Perigon in 2019, will exit the relationship after five successful years.
  • Chicago-based Constellation Wealth Capital was founded by Karl Heckenberg as an alternative asset management platform specializing in making tailored investments in well-positioned wealth management firms.
  • Merchant Investment Management , which provides growth capital, management resources and strategic direction to independent financial services firms, partnered with Perigon five years ago.

Frazier & Deeter Appoints Donna Bergeson and Craig Melrose to Board of Directors

Retrieved on: 
Thursday, January 11, 2024
Alston & Bird, Hospital, Lawyer, Partner, PLM, Toyota Production System, FD, Law, Executive, McKinsey & Company, Pat Bergeson, Retirement, Melrose, CAD, Toyota, Internet of things, PTC, Growth, Management

ATLANTA, Jan. 11, 2024 /PRNewswire-PRWeb/ -- Frazier & Deeter (FD), a Top 50 accounting and advisory firm, today announced the appointment of Donna Bergeson and Craig Melrose to the Board of Directors. The new additions bring a wealth of experience and leadership to further elevate the firm's standing in the industry.

Key Points: 
  • ATLANTA, Jan. 11, 2024 /PRNewswire-PRWeb/ -- Frazier & Deeter (FD), a Top 50 accounting and advisory firm, today announced the appointment of Donna Bergeson and Craig Melrose to the Board of Directors.
  • The new additions bring a wealth of experience and leadership to further elevate the firm's standing in the industry.
  • LeighAnn Costley, FD Tax Partner and Chair of the Board of Directors
    "We are thrilled to welcome Donna and Craig to the Board of Directors," said LeighAnn Costley, FD Tax Partner and Chair of the Board of Directors.
  • I am both honored and excited to be joining the board to help the FD Team achieve even greater successes going forward," stated Melrose.