Kilpatrick Townsend & Stockton

MONOGRAM CAPITAL PARTNERS ACQUIRES MAJORITY STAKE IN TRU FRAGRANCE & BEAUTY

Retrieved on: 
Tuesday, April 2, 2024
Culture, Growth, Partnership, Executive, Tru, LLP, Rest, Monte, ASOS, Monogram, Ulta, Kilpatrick Townsend & Stockton, Marketing, Wrangler, Willkie Farr & Gallagher, Financial services

NEW YORK and WILLOWBROOK, Ill., April 2, 2024 /PRNewswire/ -- Monogram Capital Partners, a Los Angeles-based private equity firm that invests in consumer brands and services companies, has acquired a majority stake in Tru Fragrance & Beauty, the global beauty brand builder whose portfolio includes owned, licensed, and exclusive fragrance and beauty brands sold to national beauty and apparel retailers and direct to consumers.

Key Points: 
  • NEW YORK and WILLOWBROOK, Ill., April 2, 2024 /PRNewswire/ -- Monogram Capital Partners, a Los Angeles-based private equity firm that invests in consumer brands and services companies, has acquired a majority stake in Tru Fragrance & Beauty, the global beauty brand builder whose portfolio includes owned, licensed, and exclusive fragrance and beauty brands sold to national beauty and apparel retailers and direct to consumers.
  • Tru represents Monogram's seventh investment in the beauty space in the past five years.
  • Oliver Nordlinger, Monogram Co-Founder & Partner, added, "We're incredibly excited to partner with Monte, Eric, and the rest of the Tru team to build on their impressive momentum.
  • Willkie Farr & Gallagher LLP and Kilpatrick Townsend & Stockton LLP served as legal advisors to Monogram and Tru, respectively.

Signature Resolution Welcomes Jim Leonard to Panel of Neutrals

Retrieved on: 
Monday, February 12, 2024
Private practice, LOS, Associate, Barnes & Thornburg, Empathy, Methodist University, Hughes, Southern Methodist University, LLP, Kilpatrick Townsend & Stockton, History, The arts, Insurance

LOS ANGELES, Feb. 12, 2024 /PRNewswire-PRWeb/ -- Signature Resolution, a leader in alternative dispute resolution, is pleased to announce the addition of Jim Leonard to its panel of neutrals. With over four decades years of experience, Leonard is a trusted business adviser, formidable litigator, and seasoned insurance professional who has dedicated his career to creating effective dispute resolution strategies.

Key Points: 
  • Leonard brings 40 years of legal expertise, showcasing extensive experience in insurance and coverage disputes
    LOS ANGELES, Feb. 12, 2024 /PRNewswire-PRWeb/ -- Signature Resolution , a leader in alternative dispute resolution, is pleased to announce the addition of Jim Leonard to its panel of neutrals.
  • Together with the rest of the esteemed neutrals on this panel, I look forward to shaping a future of thoughtful and impactful dispute resolution."
  • Together with the rest of the esteemed neutrals on this panel, I look forward to shaping a future of thoughtful and impactful dispute resolution."
  • "We are thrilled to welcome Jim Leonard to Signature Resolution," said Dario Higuchi, Signature Resolution founding partner and managing member.

Rise Growth Partners Announces $250 Million Commitment From Charlesbank Capital Partners to Fuel the Next Generation of RIAs

Retrieved on: 
Thursday, February 1, 2024
Consulting, Asset Management, Professional Services, Finance, Partnership, Growth, Simpson Thacher & Bartlett, RIA, Partner (business rank), AUM, Acquisition, RIAS, Kilpatrick Townsend & Stockton, Management

Rise Growth Partners (“Rise”), the wealth management industry’s first synergistic financial partner for growth-oriented, registered investment advisors (RIAs), today announced a $250 million commitment from Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm with offices in Boston and New York.

Key Points: 
  • Rise Growth Partners (“Rise”), the wealth management industry’s first synergistic financial partner for growth-oriented, registered investment advisors (RIAs), today announced a $250 million commitment from Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm with offices in Boston and New York.
  • Rise, with capital from Charlesbank and Rise management, will seek to acquire significant minority stakes in select RIA firms.
  • Once invested, Rise will provide them with growth capital, hands-on operational guidance, and acquisition expertise to fuel these firms’ evolutions into the next generation of national wealth management platforms.
  • Simpson Thacher & Bartlett LLP provided legal counsel to Charlesbank, and Kilpatrick Townsend & Stockton LLP provided legal counsel to Rise.

Fostering Success Act, Inc. Approved for Nearly $10 Million in First Year of Tax Credit

Retrieved on: 
Friday, January 19, 2024
Parenting, Public Policy, Government, Philanthropy, Family, Other Education, Fund Raising, Consumer, Foundation, Other Policy Issues, Education, Dream, Homelessness, University, Kilpatrick Townsend & Stockton, FSA, Cigna, Waffle House, Parent, Gas South, Imprisonment, Poverty

“These funds will go a long way to make sure many of these kids who have left foster care can pay rent, have food to eat, afford to get to work --- and most importantly -- be able to enroll in college or a technical school so they can find a good-paying job,” said Richard L. Jackson, chairman of FSA. “This tax credit will change the trajectory of their lives.”

Key Points: 
  • Fostering Success Act, Inc. (FSA), a non-profit that raises tax credit funds to assist young adults transitioning out of the state’s foster care system, announced today it has successfully raised nearly $10 million in tax credit allocations in its first year that ended Dec. 31, 2023.
  • They face these enormous challenges because they were removed from their parents’ custody due to neglect or abuse.
  • “This tax credit will change the trajectory of their lives.”
    Other major donors to FSA include Artistic Weavers, CA South, Colony Bank and Kilpatrick Townsend & Stockton LLP.
  • The state Department of Revenue has approved FSA for $9.7 million of the $11.6 million in approved donations for the new foster care tax credit in 2023.

Piedmont Federal Savings Bank Announces Completion of Acquisition of Wake Forest Bancshares, Inc.

Retrieved on: 
Wednesday, January 3, 2024
Kilpatrick Townsend & Stockton, Acquisition, Trustee, Triad, OTC Markets Group, Heart, PC

WINSTON-SALEM, N.C., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Piedmont Financial Holding Company, the parent company of Piedmont Federal Savings Bank (“Piedmont Federal”), has announced the completion of its acquisition of Wake Forest Bancshares, Inc. (OTC Pink: WAKE), the parent company of Wake Forest Federal Savings and Loan Association (“Wake Forest Federal”).

Key Points: 
  • WINSTON-SALEM, N.C., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Piedmont Financial Holding Company, the parent company of Piedmont Federal Savings Bank (“Piedmont Federal”), has announced the completion of its acquisition of Wake Forest Bancshares, Inc. (OTC Pink: WAKE), the parent company of Wake Forest Federal Savings and Loan Association (“Wake Forest Federal”).
  • Its merger with Wake Forest Federal, founded in 1922, has extended its deposit client base to include Wake Forest Federal’s office located in the heart of Wake Forest, NC, which will continue to operate as “Wake Forest Federal, a division of Piedmont Federal,” for the foreseeable future.
  • The current members of the Wake Forest Federal Board will initially serve on the Board of Trustees of the foundation, as will one independent member who will be appointed by Piedmont Federal in consultation with Wake Forest Federal.
  • David P. Barksdale, President and CEO of Piedmont Federal, commented, “We are pleased to announce the completion of our merger with Wake Forest Bancshares and Wake Forest Federal.

Elutia Completes Divestiture of Orthobiologics Business Unit for Cash Proceeds of Up to $35 Million

Retrieved on: 
Thursday, November 9, 2023
Earnout, RM, Mizuho Securities, Kilpatrick Townsend & Stockton, Cryptocurrency

SILVER SPRING, Md., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Elutia Inc. (Nasdaq: ELUT) (“Elutia”), a company pioneering drug-eluting biomatrix products, today announced it completed the divestiture of its Orthobiologics business unit to Berkeley Biologics LLC, a wholly owned subsidiary of GNI Group Ltd.

Key Points: 
  • SILVER SPRING, Md., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Elutia Inc. (Nasdaq: ELUT) (“Elutia”), a company pioneering drug-eluting biomatrix products, today announced it completed the divestiture of its Orthobiologics business unit to Berkeley Biologics LLC, a wholly owned subsidiary of GNI Group Ltd.
  • The transaction enables Elutia to strategically focus on its proprietary drug-eluting biomatrix platform and provides the Company with cash proceeds of up to $35 million, comprised of upfront payments no later than November 17, 2023 of $15 million plus potential earnout payments of up to $20 million over a five-year period.
  • Combined proceeds with the previously announced September 2023 private placement potentially top $60 million.
  • “The proceeds from this transaction, coupled with the September financing, should have us well-capitalized to advance our proprietary drug-eluting biomatrix platform.

Kerrigan Advisors Represents Jim Price Auto Group in Sale of Virginia Hyundai and Kia Dealerships

Retrieved on: 
Wednesday, November 8, 2023
Finance, Automotive, General Automotive, Consulting, Marketing, Advertising, Communications, Business, Professional Services, Jim, University, Kia, Sale, Jim Price, Kerrigan, CNBC, Family, Workforce, Livability.com, Kilpatrick Townsend & Stockton, Quality of life, Partner, Lead, Winston-Salem, North Carolina, PLLC, Car dealership, Financial services, Hyundai

Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Charlottesville, Virginia-based Jim Price Auto Group in the sale of Jim Price Hyundai and Price Kia to Winston-Salem, North Carolina-based Flow Automotive, which owns dealerships across North Carolina and Charlottesville.

Key Points: 
  • Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Charlottesville, Virginia-based Jim Price Auto Group in the sale of Jim Price Hyundai and Price Kia to Winston-Salem, North Carolina-based Flow Automotive, which owns dealerships across North Carolina and Charlottesville.
  • In 2023 alone, the firm is on track to sell 52 dealerships representing $2.6 billion in client proceeds, making Kerrigan Advisors the leading sell-side advisor in auto retail.
  • Flow Automotive, with multiple dealerships in Charlottesville, proved to be a natural fit.”
    The Jim Price Auto Group, a family-run dealership group, was founded in 1968 by Henry James “Jim” Price in Charlottesville.
  • In 2022, Jim Price Auto Group was named the #1 New Car Dealership Group in Charlottesville for the second consecutive year.

Gouverneur Bancorp, Inc. Announces Closing of Second-Step Conversion and Offering

Retrieved on: 
Tuesday, October 31, 2023
Transfer, PC, DRS, OTCQB, Kilpatrick Townsend & Stockton, LLP, Equiniti, Security (finance), Insurance

As part of the conversion transaction, each outstanding share of Gouverneur Bancorp common stock owned by the public stockholders of Gouverneur Bancorp (stockholders other than Cambray Mutual Holding Company) as of the closing date was converted into shares of Gouverneur Bancorp, Inc. common stock based on an exchange ratio of 0.5334 shares of Gouverneur Bancorp, Inc. common stock for each share of Gouverneur Bancorp common stock.

Key Points: 
  • As part of the conversion transaction, each outstanding share of Gouverneur Bancorp common stock owned by the public stockholders of Gouverneur Bancorp (stockholders other than Cambray Mutual Holding Company) as of the closing date was converted into shares of Gouverneur Bancorp, Inc. common stock based on an exchange ratio of 0.5334 shares of Gouverneur Bancorp, Inc. common stock for each share of Gouverneur Bancorp common stock.
  • Upon the completion of the conversion and stock offering, Gouverneur Bancorp, Inc. has approximately 1,107,178 shares of common stock outstanding before adjustment for fractional shares.
  • Kilpatrick Townsend & Stockton LLP has acted as legal counsel to Gouverneur Bancorp, Inc. and Gouverneur Bancorp.
  • Keefe, Bruyette & Woods, Inc., a Stifel Company, acted as marketing agent for Gouverneur Bancorp, Inc. in the subscription offering and the community offering and as sole manager in the syndicated community offering.

Gouverneur Bancorp, Inc. Announces Expected Closing Date of Second-Step Conversion

Retrieved on: 
Friday, October 27, 2023
Transfer, PC, Gouverneur, OTC Markets Group, Bank, DRS, Kilpatrick Townsend & Stockton, LLP, Prospectus, Equiniti, Security (finance)

Gouverneur Bancorp, Inc.’s common stock is expected to begin trading on the OTCQB Marketplace under the trading symbol “GOVB” on November 1, 2023.

Key Points: 
  • Gouverneur Bancorp, Inc.’s common stock is expected to begin trading on the OTCQB Marketplace under the trading symbol “GOVB” on November 1, 2023.
  • As part of the conversion transaction, each outstanding share of Gouverneur Bancorp common stock owned by the public stockholders of Gouverneur Bancorp (stockholders other than Cambray Mutual Holding Company) as of the closing date will be converted into shares of Gouverneur Bancorp, Inc. common stock so that Gouverneur Bancorp’s existing public stockholders will own approximately the same percentage of Gouverneur Bancorp, Inc.’s common stock as they owned of Gouverneur Bancorp’s common stock immediately prior to the conversion, subject to adjustment as disclosed in the prospectus.
  • As a result, public stockholders of Gouverneur Bancorp will receive 0.5334 shares of Gouverneur Bancorp, Inc. common stock for each share of Gouverneur Bancorp common stock they own immediately prior to the completion of the transaction.
  • Upon the completion of the conversion and stock offering, approximately 1,107,178 shares of Gouverneur Bancorp, Inc. common stock are expected to be outstanding before adjustment for fractional shares.

Central Plains Bancshares, Inc. Announces Closing of Initial Public Offering

Retrieved on: 
Thursday, October 19, 2023
Banking, Professional Services, Transfer, PC, Bank, Kilpatrick Townsend & Stockton, Security (finance)

Gross offering proceeds (before deducting offering expenses) totaled approximately $41.3 million based on the offering price of $10.00 per share.

Key Points: 
  • Gross offering proceeds (before deducting offering expenses) totaled approximately $41.3 million based on the offering price of $10.00 per share.
  • The Company has 4,130,815 shares of common stock issued and outstanding as a result of the closing.
  • Keefe, Bruyette & Woods, Inc., A Stifel Company acted as marketing agent for the Company in connection with the stock offering.
  • Kilpatrick Townsend & Stockton LLP served as legal counsel to Keefe, Bruyette & Woods, Inc. in connection with the stock offering.