Byron Trott

Alphia Appoints Fred Jasser as Chief Financial Officer

Retrieved on: 
Monday, March 4, 2024
Retail, Consumer, Manufacturing, Specialty, Pets, Other Manufacturing, Food, Beverage, CFO, PwC, Goldman Sachs, Culture, Growth, Heart, Wasserstein Perella & Co., Snack, Post Holdings, Hearthside, Byron Trott, Sears Holdings

Alphia, one of the largest pet food co-manufacturers in North America, today announced that Fred Jasser has joined the firm as Chief Financial Officer, effective immediately.

Key Points: 
  • Alphia, one of the largest pet food co-manufacturers in North America, today announced that Fred Jasser has joined the firm as Chief Financial Officer, effective immediately.
  • “Fred brings to Alphia extensive corporate finance, operational, commercial and strategic experience - we’re thrilled to welcome him to our team as we build out our capabilities and embark on our next phase of growth and expansion,” said David McLain, Chief Executive Officer and President, Alphia.
  • Prior to joining Alphia, he served as Chief Strategy Officer and Chief Financial Officer at Hearthside Food Solutions, a leading contract manufacturer of baked snacks and fresh and prepared foods for major brands.
  • “I’m excited to be joining Alphia, a best-in-class manufacturer in the exciting pet food category with positive industry tailwinds,” said Fred Jasser.

Compass Diversified Announces Investment Team Promotions

Retrieved on: 
Monday, January 8, 2024
Claremont McKenna College, ERGO Baby, Bank, Marucci Sports, Fox Factory, Vanderbilt University, Byron Trott, Harvard Business School, PrimaLoft, University, BOA, Growth, Mergers and acquisitions, Sterno, Management

WESTPORT, Conn., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) ("CODI" or the "Company”), an owner of leading middle market businesses, proudly announces the promotions of investment team members Raj Dalal, Lucas Scholhamer and Phoebe Madsen.

Key Points: 
  • WESTPORT, Conn., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) ("CODI" or the "Company”), an owner of leading middle market businesses, proudly announces the promotions of investment team members Raj Dalal, Lucas Scholhamer and Phoebe Madsen.
  • "We’ve had another strong year at CODI, and it gives me great pleasure to celebrate the world-class talent on our investment team,” said Elias Sabo, CEO of Compass Diversified.
  • Promoted to Principal from Vice President:
    Lucas Scholhamer – Lucas is a member of the investment team at the firm’s East Coast office.
  • Promoted to Senior Associate from Associate:
    Phoebe Madsen – Phoebe is a member of the investment team at the firm’s West Coast office.

Coalition Announces HDI Global Specialty SE as a Global Capacity Partner

Retrieved on: 
Thursday, September 28, 2023
Security, Professional Services, Technology, Insurance, Software, Partnership, Byron Trott, Vantage, Organization, Allianz, Risk, Reinsurance, Medical device, Coalition

Coalition , the world's first Active Insurance provider designed to prevent digital risk before it strikes, today announced a new long-term partnership with HDI Global Specialty SE , the specialty insurance carrier of HDI Global SE, an A.M. Best A+ rated insurer with over 120 years of experience in offering international insurance.

Key Points: 
  • Coalition , the world's first Active Insurance provider designed to prevent digital risk before it strikes, today announced a new long-term partnership with HDI Global Specialty SE , the specialty insurance carrier of HDI Global SE, an A.M. Best A+ rated insurer with over 120 years of experience in offering international insurance.
  • Beginning in 2024, HDI Global Specialty will join Coalition's Cyber and Technology E&O panel in Canada to provide insurance capacity.
  • “HDI Global has headquarters in Germany and foreign branches, subsidiaries, and affiliates in more than 175 countries, making them an excellent global partner as Coalition continues to expand our offerings worldwide,” commented Shawn Ram, Coalition’s Head of Insurance.
  • “This new partnership with Coalition marks our first significant step into the cyber market in Canada,” said Derek Spafford, Managing Director & Chief Agent of HDI Global Specialty SE Canada.

National Amusements Announces Strategic Investment from BDT & MSD Partners

Retrieved on: 
Thursday, May 25, 2023
Professional Services, Entertainment, TV and Radio, Film & Motion Pictures, Finance, Banking, MSD, Partnership, Byron Trott, National Amusements, BDT, Paramount Global, NAI, IP, Paramount, Development, Chair

National Amusements, Inc. (“NAI”), the majority voting shareholder of Paramount Global, today announced that it has entered into an agreement for a $125 million preferred equity investment in NAI by BDT Capital Partners, an affiliate of BDT & MSD Partners, a merchant bank built to serve the distinct needs of family business owners and founders.

Key Points: 
  • National Amusements, Inc. (“NAI”), the majority voting shareholder of Paramount Global, today announced that it has entered into an agreement for a $125 million preferred equity investment in NAI by BDT Capital Partners, an affiliate of BDT & MSD Partners, a merchant bank built to serve the distinct needs of family business owners and founders.
  • The investment will position NAI for sustainable growth and further post-pandemic recovery in its underlying operations as movie theatre attendance continues to increase.
  • This includes strengthening NAI’s balance sheet by enabling it to reduce interest expense and pay down its revolving loan and recent term loan borrowings.
  • “Our expanded partnership with BDT & MSD reflects our strong belief in Paramount’s ability to deliver value to all shareholders.

Nation Safe Drivers and Questx to Combine

Retrieved on: 
Tuesday, May 9, 2023
MSD, Insurance, Partnership, Byron Trott, BDT, Original equipment manufacturer, BOCA, NSD, Organization, Growth, Entrepreneurship, Ecosystem, Glass, Management, Financial adviser

BOCA RATON, Fla. and ST. JOHNS, Mich., May 9, 2023 /PRNewswire/ -- Nation Safe Drivers ("NSD") and Questx today announced that they have completed a strategic business combination to form one of the nation's largest and most innovative leaders in roadside assistance and mobility services. Terms of the transaction were not disclosed.

Key Points: 
  • BOCA RATON, Fla. and ST. JOHNS, Mich., May 9, 2023 /PRNewswire/ -- Nation Safe Drivers ("NSD") and Questx today announced that they have completed a strategic business combination to form one of the nation's largest and most innovative leaders in roadside assistance and mobility services.
  • Founded in 1988, Questx, is a leading provider of best-in-class roadside assistance, first notice of loss, and glass administration solutions to insurance carriers and vehicle service contract providers.
  • "We are thrilled to partner with Questx to help set a new standard for roadside solutions," said Jac Alvarez, Chief Revenue Officer, NSD.
  • Lincoln International LLC served as the exclusive financial advisor to Questx.

EquipmentShare Completes $290 Million Funding Round Led by BDT Capital Partners

Retrieved on: 
Wednesday, April 19, 2023
MSD, Construction, Byron Trott, BDT, Sound Venture, Partner, CFO, Growth, Entrepreneurship, Cryptocurrency, Zarqa River

COLUMBIA, Mo., April 19, 2023 /PRNewswire/ -- EquipmentShare, an equipment and digital solutions provider serving the construction industry, announces the completion of a $290 million funding round led by funds affiliated with BDT Capital Partners. This round also included participation from existing investors such as RedBird Capital Partners, Tru Arrow Partners, and Sound Ventures, as well as several new investors including Brown Advisors.

Key Points: 
  • COLUMBIA, Mo., April 19, 2023 /PRNewswire/ -- EquipmentShare, an equipment and digital solutions provider serving the construction industry, announces the completion of a $290 million funding round led by funds affiliated with BDT Capital Partners.
  • This round also included participation from existing investors such as RedBird Capital Partners, Tru Arrow Partners, and Sound Ventures, as well as several new investors including Brown Advisors.
  • "Our growth continues to be fueled by new customers who are ready for a technology-driven construction solution," said Jabbok Schlacks, CEO and Co-Founder of EquipmentShare.
  • "This latest round of funding brings in growth capital from both new and existing investors.

Exyte Announces Completion of Minority Investment by BDT Capital Partners

Retrieved on: 
Monday, April 3, 2023
MSD, Stumpf, Engineering, Growth, Partnership, Byron Trott, BDT, Cryptocurrency, Exyte

Following the receipt of all required regulatory approvals, the transaction closed on March 31, 2023

Key Points: 
  • Following the receipt of all required regulatory approvals, the transaction closed on March 31, 2023
    STUTTGART, Germany, April 3, 2023 /PRNewswire/ -- Exyte, a global leader in the design, engineering, and delivery of high-tech facilities, today announced the completion of the previously announced transaction where funds affiliated with BDT Capital Partners, LLC ("BDT"), an affiliate of BDT & MSD Partners, have acquired a significant minority interest in Exyte.
  • The Austrian Stumpf Group, who acquired Exyte in 2008, retains a majority stake in the company.
  • Georg Stumpf said: "BDT Capital Partners and the Stumpf Group are the perfect partners to further support the successful development of Exyte.
  • Dr. Wolfgang Büchele, CEO of Exyte, said, "Together with the Stumpf Group and BDT, we will build on the Exyte success story.

Exyte Announces Completion of Minority Investment by BDT Capital Partners

Retrieved on: 
Monday, April 3, 2023
MSD, Stumpf, Engineering, Growth, Partnership, Byron Trott, BDT, Cryptocurrency, Exyte

Following the receipt of all required regulatory approvals, the transaction closed on March 31, 2023

Key Points: 
  • Following the receipt of all required regulatory approvals, the transaction closed on March 31, 2023
    STUTTGART, Germany, April 3, 2023 /PRNewswire/ -- Exyte, a global leader in the design, engineering, and delivery of high-tech facilities, today announced the completion of the previously announced transaction where funds affiliated with BDT Capital Partners, LLC ("BDT"), an affiliate of BDT & MSD Partners, have acquired a significant minority interest in Exyte.
  • The Austrian Stumpf Group, who acquired Exyte in 2008, retains a majority stake in the company.
  • Georg Stumpf said: "BDT Capital Partners and the Stumpf Group are the perfect partners to further support the successful development of Exyte.
  • Dr. Wolfgang Büchele, CEO of Exyte, said, "Together with the Stumpf Group and BDT, we will build on the Exyte success story.

Weber Inc. Announces Closing of Take-Private Transaction by BDT Capital Partners

Retrieved on: 
Tuesday, February 21, 2023
Retail, Home Goods, NYSE, WEBR, Weber Inc., BDT, Byron Trott, Cryptocurrency, Management

Weber Inc. (NYSE: WEBR) (“Weber” or the “Company”), the global leader in outdoor cooking products, innovation, and technology, today announced the closing of its take-private transaction by investment funds managed by BDT Capital Partners, LLC (“BDT”).

Key Points: 
  • Weber Inc. (NYSE: WEBR) (“Weber” or the “Company”), the global leader in outdoor cooking products, innovation, and technology, today announced the closing of its take-private transaction by investment funds managed by BDT Capital Partners, LLC (“BDT”).
  • On December 12, 2022, Weber announced that BDT funds had signed a definitive agreement to purchase all of the outstanding shares of Weber Class A common stock that they did not already own for $8.05 per share, representing a total enterprise value of $3.7 billion.
  • “For over seven decades, Weber has been steadfast in its commitment to bring joy, fun, and moments of true human connection through outdoor cooking to spaces and places worldwide," said Weber CEO Alan Matula.
  • “With BDT’s continued support, we stay true to this mission as we progress in executing our long-term strategy and ensuring that we bring the industry’s highest performing, highest quality, and most innovative experiences to our customers and growing community of Weber owners.”
    Effective as of the closing of the transaction, trading of Weber’s Class A common stock has been suspended on the New York Stock Exchange (the "NYSE") and Weber has requested that its Class A common stock be delisted from the NYSE.

Weber Inc. Reports Fiscal First-Quarter 2023 Financial Results

Retrieved on: 
Thursday, February 9, 2023
Home Goods, Retail, Food, Beverage, Report of the Special Committee on the Termination of the National Emergency, WEBR, NYSE, GAAP, Weber, Committee, Weber Inc., Byron Trott, Adjustment, BDT, Bank, Cryptocurrency, Pharmaceutical industry

Weber Inc. (“Weber” or “the Company”) (NYSE: WEBR), the global leader in outdoor cooking products, innovation, and technology, today announced its financial results for the fiscal first quarter 2023, ending December 31, 2022.

Key Points: 
  • Weber Inc. (“Weber” or “the Company”) (NYSE: WEBR), the global leader in outdoor cooking products, innovation, and technology, today announced its financial results for the fiscal first quarter 2023, ending December 31, 2022.
  • Weber reports its financial performance in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as adjusted on a non-GAAP basis.
  • Please see “Non-GAAP Financial Measures,” and “Reconciliation of GAAP to Non-GAAP Financial Information” below for additional information and reconciliations of the non-GAAP financial measures to the most comparable GAAP financial measures.
  • For the quarter, Weber generated net sales of $165 million, gross profit of $36 million, a net loss of $114 million, and Adjusted EBITDA loss of $30 million.