Oak Tree

Athenex Provides Third Quarter 2021 Corporate and Financial Update

Retrieved on: 
Thursday, November 4, 2021

ET

Key Points: 
  • ET
    BUFFALO, N.Y., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Athenex, Inc., (NASDAQ: ATNX), a global biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies for the treatment of cancer and related conditions, today provided a corporate and financial update for the third quarter ended September 30, 2021.
  • Presented positive interim data from a Phase1 trial evaluating Oral Paclitaxel in combination with pembrolizumab in patients with advanced solid malignancies at ESMO 2021.
  • In terms of product sales guidance, the Company is limiting financial guidance to the existing Athenex product portfolio only.
  • Athenex will host a conference call and live audio webcast today, Thursday, November 4, 2021, at 10:00 am Eastern Time to discuss the financial results and provide a business update.

Brookfield Completes Transition of Non-traded REIT from Oaktree

Retrieved on: 
Wednesday, November 3, 2021

BROOKFIELD, NEWS, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (NYSE: BAM; TSX: BAM.A) (Brookfield) and Oaktree Capital Management, L.P. (Oaktree) today announced the completion of the previously announced transition of the advisory role of Oaktree Real Estate Income Trust, Inc. (Oaktree REIT) to Brookfield and have renamed the non-traded REIT Brookfield Real Estate Income Trust Inc. (Brookfield REIT or the REIT).

Key Points: 
  • BROOKFIELD, NEWS, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (NYSE: BAM; TSX: BAM.A) (Brookfield) and Oaktree Capital Management, L.P. (Oaktree) today announced the completion of the previously announced transition of the advisory role of Oaktree Real Estate Income Trust, Inc. (Oaktree REIT) to Brookfield and have renamed the non-traded REIT Brookfield Real Estate Income Trust Inc. (Brookfield REIT or the REIT).
  • Brookfield REIT will be distributed by Brookfield Oaktree Wealth Solutions, a wealth management platform established to offer institutional-caliber alternative investment products to qualified individual investors globally.
  • We are extremely pleased to formally launch the new Brookfield REIT, combining Brookfields vast global real estate business with Oaktrees leading credit capabilities, said Zach Vaughan, Managing Partner at Brookfield and CEO of Brookfield REIT.
  • Manish Desai, Oaktree REITs former President, has joined Brookfield and will serve as President and COO of Brookfield REIT.

Northstar Continues to Build its Leading LNG Bunkering Position

Retrieved on: 
Wednesday, November 3, 2021

PNE and Polaris are subsidiaries of Northstar Terminals, a portfolio company of funds managed by Oaktree Capital Management, L.P. (Oaktree).

Key Points: 
  • PNE and Polaris are subsidiaries of Northstar Terminals, a portfolio company of funds managed by Oaktree Capital Management, L.P. (Oaktree).
  • This new barge will be a sister vessel to the LNG bunker barge Clean Canaveral, which will be delivered to Polaris in mid-November.
  • LNG is the leading solution to fuel the maritime sector as the industry advances its sustainability goals through a transition to lower carbon fuels.
  • Tim Casey, Senior Vice President LNG for Northstar, said: LNG is recognized as a clean, dependable and competitively priced fuel for the shipping industry.

Mission Lane Completes Inaugural $320 Million ABS Transaction and Raises $150M in Redeemable Preferred Equity

Retrieved on: 
Tuesday, October 26, 2021

In the securitization transaction, which was meaningfully oversubscribed, Mission Lane sold $320 million of notes in three classes, all of which were rated by Kroll Bond Rating Agency.

Key Points: 
  • In the securitization transaction, which was meaningfully oversubscribed, Mission Lane sold $320 million of notes in three classes, all of which were rated by Kroll Bond Rating Agency.
  • The transaction represents the first step for Mission Lane in becoming a programmatic issuer in the securitization market.
  • Mission Lane provides high quality, transparent and data-driven products and experiences for people trying to build or rebuild their credit and improve their financial lives.
  • Earlier this year, Mission Lane announced it added its one millionth customer to its market-leading credit card franchise.

Richards Manufacturing Partners with Oaktree

Retrieved on: 
Wednesday, September 29, 2021

IRVINGTON, N.J., Sept. 29, 2021 /PRNewswire/ --Richards Manufacturing ("Richards" or the "Company"), a premier manufacturer of overhead and underground electrical and natural gas distribution products, announced today that it has partnered with funds managed by the Power Opportunities strategy of Oaktree Capital Management, L.P. ("Oaktree").

Key Points: 
  • IRVINGTON, N.J., Sept. 29, 2021 /PRNewswire/ --Richards Manufacturing ("Richards" or the "Company"), a premier manufacturer of overhead and underground electrical and natural gas distribution products, announced today that it has partnered with funds managed by the Power Opportunities strategy of Oaktree Capital Management, L.P. ("Oaktree").
  • Joe Bier, CEO of Richards, commented "We are excited to be partnering with Oaktree to continue our decades-long position as a leader in our industry.
  • Richards Manufacturing is a premier manufacturer of overhead and underground electrical and natural gas distribution products.
  • For more information about Richards Manufacturing, please visit Richards' website at www.richards-mfg.com .

UNAVETS Joins the Petabyte Consortium to Transform the Pet Care Experience for Doctors, Patients and Their Families

Retrieved on: 
Monday, September 20, 2021

Petabyte was founded with a mission to simplify veterinary operations to help doctors and staff care for pets and their families, said Michael Hyman, Co-Founder and Chief Executive Officer of Petabyte.

Key Points: 
  • Petabyte was founded with a mission to simplify veterinary operations to help doctors and staff care for pets and their families, said Michael Hyman, Co-Founder and Chief Executive Officer of Petabyte.
  • Furthermore, partnering with UNAVETS is another step towards setting the industry standard on a global level through next-generation software.
  • As the Petabyte Consortium continues to expand, Petabyte and UNAVETS invite other forward-thinking veterinary partners and groups to collaborate on using Petabytes software to transform the future of pet care on a global stage through Petabytes suite of software solutions.
  • UNAVETS is the third group to join Petabytes Consortium with more updates expected to be released as the Consortium continues to welcome new partners.

Priority Power Announces Joe Loner Joining as Chief Financial Officer

Retrieved on: 
Wednesday, September 8, 2021

Priority Power Management, LLC (Priority Power), an independent energy services provider offering smart energy solutions and streamlined transitions to carbon neutrality, announced today that Joe Loner has joined as Chief Financial Officer.

Key Points: 
  • Priority Power Management, LLC (Priority Power), an independent energy services provider offering smart energy solutions and streamlined transitions to carbon neutrality, announced today that Joe Loner has joined as Chief Financial Officer.
  • Mr. Loner brings over 15 years of relevant experience with a history of working with private equity-owned businesses in the power industry.
  • Mr. Loner began his career at General Electric as part of its Financial Management Program, followed by numerous roles at AES, TPG-backed Nexeo Solutions and Panda Power Funds.
  • Mr. Loner commented, "Im excited to join the leadership team at Priority Power and be a part of its important mission.

Petabyte Technology Closes $15M Series B Funding Round

Retrieved on: 
Tuesday, September 7, 2021

Petabyte Technology (Petabyte), a leading veterinary software company, announced that it has raised $15 million through a Series B Funding Round.

Key Points: 
  • Petabyte Technology (Petabyte), a leading veterinary software company, announced that it has raised $15 million through a Series B Funding Round.
  • This funding will allow us to collaborate with some of the most progressive industry partners to dramatically transform the hospital experience via technology for the entire veterinary community.
  • The backbone of rhapsody is clean data (standardized by Petabytes proprietary migration technology, The Matcher) which also powers Petabyte Analytics, an enterprise-level analytics platform used in tandem with rhapsody or as a standalone tool.
  • Founded in 2019, Petabytes mission is to give veterinary healthcare practitioners greater understanding and control over their business using cloud-based technology.

 Priority Power Announces Investment by Oaktree Capital

Retrieved on: 
Wednesday, September 1, 2021

Priority Power Management, LLC (Priority Power), an independent energy services provider offering smart energy solutions and streamlined transitions to carbon neutrality, announced today a $250 million investment from funds managed by Oaktree Capital Management, L.P. (Oaktree) and other select institutional investors.

Key Points: 
  • Priority Power Management, LLC (Priority Power), an independent energy services provider offering smart energy solutions and streamlined transitions to carbon neutrality, announced today a $250 million investment from funds managed by Oaktree Capital Management, L.P. (Oaktree) and other select institutional investors.
  • In addition, Priority Power designs, constructs, owns and operates private networks of medium and high voltage transmission lines, substations, and renewable generation and battery storage assets.
  • Brandon Schwertner, CEO of Priority Power, said, The energy transition is underway and will take decades to unfold.
  • Priority Power provides comprehensive energy solutions to deliver reliable, economic, and sustainable energy solutions to commercial and industrial customers in North America.

Harris Williams Advises Riggs Distler & Company, Inc. on its Sale to Centuri Group, Inc.

Retrieved on: 
Monday, August 30, 2021

Riggs Distler is a leading provider of power and utility services throughout the Northeast and Mid-Atlantic regions of the United States.

Key Points: 
  • Riggs Distler is a leading provider of power and utility services throughout the Northeast and Mid-Atlantic regions of the United States.
  • Under the terms of the transaction, Centuri acquired a 100% ownership interest in Riggs Distler for $855 million.
  • Riggs Distler, based in Cherry Hill, New Jersey, is one of the largest utility contractors in the Northeast and Mid-Atlantic regions of the United States.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.