TEV

Evolution Petroleum Announces Acquisition of Non-operated Oil and Gas Assets

Retrieved on: 
Tuesday, January 9, 2024

Evolution expects to fund the acquisition with cash on hand and borrowings from EPM’s revolving credit facility.

Key Points: 
  • Evolution expects to fund the acquisition with cash on hand and borrowings from EPM’s revolving credit facility.
  • Production of approximately 1,550 barrels of oil equivalent per day (“BOEPD”) and commodity mix of 42% oil, 15% natural gas liquids, and 43% natural gas as of the effective date.
  • This is a significant achievement for our Company and demonstrates our ability to successfully procure high-quality assets in a core basin with best-in-class operating parties.
  • Evolution plans to post a presentation highlighting additional details of the Acquisitions on the Company's website this evening: www.evolutionpetroleum.com .

Mercedes-Benz USA Reports Q4 2023 Total Sales of 90,014 Vehicles

Retrieved on: 
Thursday, January 11, 2024

Additionally, Mercedes-Benz Vans reported Q4 2023 sales of 17,701 units, bringing MBUSA to a total of 90,014 vehicles for the quarter.

Key Points: 
  • Additionally, Mercedes-Benz Vans reported Q4 2023 sales of 17,701 units, bringing MBUSA to a total of 90,014 vehicles for the quarter.
  • Sales in the Top-End segment is up 15% for 2023 compared to 2022 with a total of 94,391 units sold.
  • “Our 2023 sales results demonstrate another year of strong brand and volume growth for Mercedes-Benz USA.
  • Separately, Mercedes-Benz Certified Pre-Owned (MBCPO) models recorded sales of 137,518 vehicles for 2023, an increase of 2% versus 2022.

Teva Completes Closing of Exclusive Collaboration Deal to Deliver Inflammatory Bowel Disease Treatment

Retrieved on: 
Thursday, November 30, 2023

Inflammatory bowel disease (IBD) is the term for two conditions -- Crohn’s disease and ulcerative colitis – characterized by chronic inflammation of the gastrointestinal (GI) tract. Prolonged inflammation results in damage to the GI tract. The common symptoms for both conditions are persistent diarrhea, rectal bleeding, abdominal pain, fatigue, and weight loss. An estimated ~10 million people worldwide live with IBD.

Key Points: 
  • Teva Pharmaceuticals, a U.S. subsidiary of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) announced today closing of its collaboration deal to co-develop and co-commercialize asset TEV ‘574 with Sanofi (EURONEXT: SAN and NASDAQ: SNY).
  • TEV '574 is currently in Phase 2b clinical trials for the treatment of ulcerative colitis and Crohn's disease, two types of inflammatory bowel disease.
  • As announced on October 4th, 2023, under the terms of the agreement, Teva will receive an upfront payment of $500 million shortly after closing and up to $1 billion in development and launch milestones.
  • Inflammatory bowel disease (IBD) is the term for two conditions -- Crohn’s disease and ulcerative colitis – characterized by chronic inflammation of the gastrointestinal (GI) tract.

Sanofi and Teva Announce Exclusive Collaboration to Deliver Inflammatory Bowel Disease Treatment

Retrieved on: 
Wednesday, October 4, 2023

Inflammatory bowel disease (IBD) is the term for two conditions -- Crohn’s disease and ulcerative colitis – characterized by chronic inflammation of the gastrointestinal (GI) tract. Prolonged inflammation results in damage to the GI tract. The common symptoms for both conditions are persistent diarrhea, rectal bleeding, abdominal pain, fatigue, and weight loss. An estimated ~10 million people worldwide live with IBD.

Key Points: 
  • Sanofi (EURONEXT: SAN and NASDAQ: SNY) and Teva Pharmaceuticals, a U.S. subsidiary of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) announce today a collaboration to co-develop and co-commercialize asset TEV ‘574, currently in Phase 2b clinical trials for the treatment of Ulcerative Colitis and Crohn's Disease, two types of inflammatory bowel disease.
  • This collaboration further validates the great science that Teva has to offer with our internally developed anti-TL1A.
  • Inflammatory bowel disease (IBD) is the term for two conditions -- Crohn’s disease and ulcerative colitis – characterized by chronic inflammation of the gastrointestinal (GI) tract.
  • Teva will hold an investor call and live webcast today (Wednesday, October 4, 2023) at 8:00 a.m.

International Paper Reaches Agreement to Sell Ownership Interest in Ilim Joint Venture

Retrieved on: 
Tuesday, January 24, 2023

MEMPHIS, Tenn., Jan. 24, 2023 /PRNewswire/ -- International Paper (NYSE: IP) today announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) equity value.

Key Points: 
  • MEMPHIS, Tenn., Jan. 24, 2023 /PRNewswire/ -- International Paper (NYSE: IP) today announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) equity value.
  • The sale is subject to regulatory approvals in Russia.
  • The Company intends to pursue an agreement to sell the JSC Ilim Group shares, and to divest other non-material residual interests associated with Ilim, to its JV partners.
  • *2022 full-year unaudited results are $1.11B EBITDA; As of 12/31/22, the unaudited TEV includes $2.45B net debt

eMerge M&A Ranked #1 Lower Middle Market Investment Bank by Axial

Retrieved on: 
Tuesday, November 1, 2022

eMerge M&A has worked with, and sold, hundreds of private companies and completed over $5 billion in transactions.

Key Points: 
  • eMerge M&A has worked with, and sold, hundreds of private companies and completed over $5 billion in transactions.
  • We get to know the owners' companies as well as they know their own companies to be most effective in the market.
  • Axial is the trusted deal platform serving the lower middle market ($5-$250M Total Enterprise Value (TEV)).
  • Closed Deals: How many deals have the advisor closed where they involved one or more Axial buyers in the process.

Goulston & Storrs Collaborates on 2021 ABA Private Target Mergers & Acquisitions Deal Points Study; Shares Key Trends

Retrieved on: 
Thursday, March 24, 2022

NEW YORK, March 24, 2022 /PRNewswire/ -- Allison Sherrier , a corporate attorney in the Goulston & Storrs New York office, recently served on the American Bar Association's (ABA) Market Trends Subcommittee of the M&A Committee to release the 2021 Private Target Mergers & Acquisitions (M&A) Deal Points Study.

Key Points: 
  • NEW YORK, March 24, 2022 /PRNewswire/ -- Allison Sherrier , a corporate attorney in the Goulston & Storrs New York office, recently served on the American Bar Association's (ABA) Market Trends Subcommittee of the M&A Committee to release the 2021 Private Target Mergers & Acquisitions (M&A) Deal Points Study.
  • Sherrier identified 10 key trends of note from the Deal Points Studyin a recent "What'sMarket" blog .
  • Representation and Warranty Insurance (RWI).Sixty-five percent (65%) of deals included references to RWI up significantly from 29% in 2017.
  • We are committed to being a diverse and inclusive workplace where sophisticated business is conducted with genuine camaraderie.

Cat Rock Capital Sends Letter to Just Eat Takeaway.com (“JET”) Board Urging Sale or Spin-Off of Grubhub by End of 2021

Retrieved on: 
Monday, October 25, 2021

Cat Rock Capital Management LP is a long-term focused investment firm that manages capital on behalf of pension funds, endowments, foundations, and other institutional investors.

Key Points: 
  • Cat Rock Capital Management LP is a long-term focused investment firm that manages capital on behalf of pension funds, endowments, foundations, and other institutional investors.
  • Cat Rock Capital is based in Connecticut, USA and was founded in 2015 by Alex Captain.
  • Cat Rock Capital Management LP and certain of its affiliates and controlling persons (collectively, Cat Rock Capital), is publishing this announcement solely for the information of other shareholders in Just Eat Takeaway.com NV (Just Eat Takeaway.com).
  • Cat Rock Capital is subject to supervision by, and registered with, the U.S. Securities and Exchange Commission.

TripleTree Expands Healthcare Services Team

Retrieved on: 
Wednesday, August 11, 2021

TripleTree, LLC, an investment banking advisory platform serving market-leading healthcare services and technology companies, today announced that Luke J. Mitchell has joined the firm as a managing director part of an ongoing expansion of the firms healthcare services practice and growing presence in New York.

Key Points: 
  • TripleTree, LLC, an investment banking advisory platform serving market-leading healthcare services and technology companies, today announced that Luke J. Mitchell has joined the firm as a managing director part of an ongoing expansion of the firms healthcare services practice and growing presence in New York.
  • Weve seen dramatic growth and market interest in innovative healthcare services companies at scale, said Jon Hill, TripleTree managing director.
  • Luke extends the reach of our healthcare services practice while seamlessly complementing our exceptionally talented and deep team.
  • For more on the firms healthcare services practice, visit our healthcare services practice page .

Global Giant-backed Fleet Manager G7 Completes Record-Setting Funding Round of USD $320 Million, Smart Fleet Management and Autonomous-driving Trucks to be Expedited

Retrieved on: 
Monday, December 17, 2018

The funding round is supported by Total Energy Ventures (TEV) International, Tencent, and GLP, etc., to further expedite the realization of smart fleet management and autonomous-driving trucks.

Key Points: 
  • The funding round is supported by Total Energy Ventures (TEV) International, Tencent, and GLP, etc., to further expedite the realization of smart fleet management and autonomous-driving trucks.
  • New investors include HOPU Investments, China Broadband Capital (CBC), iFoF, Mount Morning Capital, Total Energy Ventures,and TH Capital.
  • Serving more than 60,000 customers and over 800,000 commercial vehicles, G7 is now the world's largest integrated fleet management platform.
  • G7 provides integrated fleet management solutions and services, which covers safety, energy, payments, financing, and intelligent-equipment-as-service, to logistic enterprises, and freight fleets.