Centerbridge Partners

EQS-News: Atlantic BidCo’s voluntary public takeover offer for Aareal Bank AG to be closed

Retrieved on: 
Monday, May 22, 2023
European Central Bank, Aareal Bank, Housing, Bidding, Digital Solutions, Central bank, Advent International, Acquisition, Investment, ECB, International investment agreement, Growth, Digital, Bank, Centerbridge Partners, Environment, CPP Investment Board, Software, Security (finance)

Atlantic BidCo had secured around 84 per cent of Aareal Bank shares at an offer price of €33.00 per share in the course of a voluntary public takeover offer last year.

Key Points: 
  • Atlantic BidCo had secured around 84 per cent of Aareal Bank shares at an offer price of €33.00 per share in the course of a voluntary public takeover offer last year.
  • At completion, the Bidder said it will own around 90 per cent of the shares.
  • Following the closing of the transaction, Aareal Bank Group will continue to pursue its strategic goals based on the “Aareal Next Level” strategy.
  • Jochen Klösges, CEO of Aareal Bank said, “Aareal Bank Group has demonstrated that its strategy is viable even under very challenging conditions.

EQS-News: Atlantic BidCo GmbH: Atlantic BidCo receives all regulatory approvals to complete the voluntary public takeover offer for Aareal Bank AG – Settlement of takeover offer expected in June

Retrieved on: 
Monday, May 22, 2023
FGS Global, European Central Bank, Aareal Bank, Bidding, CPP Investment Board, Central bank, Advent International, FGS, EUR, ECB, TEL, Centerbridge Partners, Security (finance), Holding company

Frankfurt, 22 May 2023 – Atlantic BidCo GmbH (the “Bidder”) today announced that, following the approval by the European Central Bank (“ECB”), it has now obtained all regulatory clearances related to the voluntary public takeover offer for the shares of Aareal Bank AG (“Aareal Bank”).

Key Points: 
  • Frankfurt, 22 May 2023 – Atlantic BidCo GmbH (the “Bidder”) today announced that, following the approval by the European Central Bank (“ECB”), it has now obtained all regulatory clearances related to the voluntary public takeover offer for the shares of Aareal Bank AG (“Aareal Bank”).
  • With today’s approval by the ECB, all offer conditions have now been fulfilled and the settlement of the takeover offer will take place by 7 June 2023.
  • Shareholders that accepted the offer will receive the consideration of EUR 33.00 per tendered Aareal Bank share.
  • Following closing of the takeover offer, the Bidder will own approximately 90 percent of the share capital and the voting rights of Aareal Bank.

INDUS Stockholders Approve Merger at Special Meeting

Retrieved on: 
Wednesday, May 17, 2023
Commercial Building & Real Estate, Construction & Property, REIT, Agreement, Plan, Tripura Merger Agreement, Committee, Foreign investment, GIC, Centerbridge Partners, Proxy, Committee on Foreign Investment in the United States, Common, Holding company, Mergers and acquisitions

INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced that at a special meeting of stockholders held on May 17, 2023, stockholders voted to approve the previously announced proposed merger, whereby affiliates of Centerbridge Partners, L.P. and GIC will acquire all outstanding shares of INDUS’ common stock (the “Merger”).

Key Points: 
  • INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced that at a special meeting of stockholders held on May 17, 2023, stockholders voted to approve the previously announced proposed merger, whereby affiliates of Centerbridge Partners, L.P. and GIC will acquire all outstanding shares of INDUS’ common stock (the “Merger”).
  • At the special meeting, a total of 8,817,234 shares of common stock of the Company (“Company Common Stock”), representing approximately 86.47% of the outstanding shares of Company Common Stock entitled to vote, were present in person or represented by proxy.
  • Holders of 8,809,681 shares, or 99.91% of the votes cast at the meeting, voted in favor of the Merger.
  • INDUS can provide no assurances regarding whether the Merger will close when expected, or at all.

SHAREHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – CVT, STSA, INDT, ROCC

Retrieved on: 
Wednesday, May 10, 2023
INDT, CVR Partners, Empire, Sale, Primary energy, ROCC, Monteverde, Blackstone Inc., Centerbridge Partners, CVT, Security (finance), Fenthion

Satsuma Pharmaceuticals, Inc. (NASDAQ: STSA ), relating to its proposed sale to Shin Nippon Biomedical Laboratories, Ltd.

Key Points: 
  • Satsuma Pharmaceuticals, Inc. (NASDAQ: STSA ), relating to its proposed sale to Shin Nippon Biomedical Laboratories, Ltd.
  • INDUS Realty Trust, Inc. (NASDAQ: INDT ), relating to its proposed sale to affiliates of Centerbridge Partners, L.P. and GIC Real Estate, Inc..
  • Under the terms of the agreement, INDT shareholders are expected to receive $67.00 in cash per share they own.
  • Under the terms of the agreement, ROCC shareholders are expected to receive 7.49 shares of Baytex and $13.31 in cash per share they own.

Netwrix Announces Strategic Investment from Centerbridge Partners

Retrieved on: 
Tuesday, May 9, 2023
Moelis & Company, LLP, Partnership, Senior, Kirkland & Ellis, PAM, DAG, Ransomware, Active Directory, TA, History, Organization, Jefferies Group, TA Associates, IAM, Piper, DLA Piper, Software, Cryptocurrency, Management, Netwrix, Centerbridge Partners

FRISCO, Texas, May 9, 2023 /PRNewswire/ -- Netwrix, a cybersecurity vendor that makes data security easy, today announced a new strategic investment with Centerbridge Partners L.P. (Centerbridge), a global multi-strategy private equity firm. TA Associates (TA), a leading global private equity firm, remains the majority shareholder, with members of Netwrix's senior management team and Updata Partners retaining minority positions in the business.

Key Points: 
  • Leveraging the new investment and continued partnership with TA, Netwrix aims to expand market leadership in data security solutions.
  • FRISCO, Texas, May 9, 2023 /PRNewswire/ -- Netwrix, a cybersecurity vendor that makes data security easy, today announced a new strategic investment with Centerbridge Partners L.P. (Centerbridge), a global multi-strategy private equity firm.
  • "Netwrix solutions help organizations of any size strengthen their security posture across all the primary attack surfaces: data, identity and infrastructure, as well as ensure regulatory compliance," said Steve Dickson, CEO of Netwrix.
  • "Netwrix has a history of delivering cutting-edge capabilities and excellent employee and customer satisfaction," said Dan Mayleben, Executive Chairman of Netwrix.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INDT, PTRS, FOCS

Retrieved on: 
Friday, May 5, 2023
Partner, Sale, Advertising, Clayton, Dubilier & Rice, Life Partners, Inc., Fraud, Centerbridge Partners, Dubilier, Security (finance)

If you are an INDUS shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an INDUS shareholder, click here to learn more about your rights and options .
  • If you are a Partners shareholder, click here to learn more about your rights and options .
  • Focus Financial Partners Inc. (NASDAQ: FOCS)’s sale to affiliates of Clayton, Dubilier & Rice, LLC for $53.00 per share in cash.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – PTRS, INDT, RADI, ROCC

Retrieved on: 
Thursday, May 4, 2023
PTRS, INDT, Empire, Sale, Primary energy, ROCC, EQT, Monteverde, Centerbridge Partners, Security (finance), Fenthion

Under the terms of the agreement, PTRS shareholders are expected to receive 1.15 shares of LINKBANCORP stock per share they own.

Key Points: 
  • Under the terms of the agreement, PTRS shareholders are expected to receive 1.15 shares of LINKBANCORP stock per share they own.
  • INDUS Realty Trust, Inc. (NASDAQ: INDT ), relating to its proposed sale to affiliates of Centerbridge Partners, L.P. and GIC Real Estate, Inc..
  • Under the terms of the agreement, INDT shareholders are expected to receive $67.00 in cash per share they own.
  • Under the terms of the agreement, ROCC shareholders are expected to receive 7.49 shares of Baytex and $13.31 in cash per share they own.

INDUS Announces First Quarter 2023 Results

Retrieved on: 
Wednesday, May 3, 2023
Professional Services, Other Construction & Property, Finance, Construction & Property, REIT, Banking, NOI, FFO, Centerbridge Partners, Acquisition, Continuous operation, Video game, Renting

For the 2023 first quarter, INDUS recorded a net loss of approximately $5.8 million as compared to net income of approximately $0.3 million for the comparable prior year period.

Key Points: 
  • For the 2023 first quarter, INDUS recorded a net loss of approximately $5.8 million as compared to net income of approximately $0.3 million for the comparable prior year period.
  • General and administrative expenses increased to approximately $9.6 million for the 2023 first quarter as compared to approximately $2.9 million for the comparable prior year period.
  • Interest expense increased to approximately $1.8 million for the 2023 first quarter as compared to approximately $1.5 million in the 2022 first quarter.
  • For the 2023 first quarter, INDUS reported the following second generation leasing metrics3:

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INDT, LNKB, PTRS

Retrieved on: 
Saturday, April 29, 2023
Sale, Fraud, Centerbridge Partners, Advertising, Partner, Security (finance)

If you are an INDUS shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an INDUS shareholder, click here to learn more about your rights and options .
  • If you are a LINKBANCORP shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Wavecrest Growth Partners Hires New Growth Partner to Help Scale Value Creation Efforts with Portfolio Companies

Retrieved on: 
Monday, May 1, 2023
Vista Equity Partners, Interim, IBM, Software as a service, Private equity, History, McKinsey & Company, Marketing, Growth, Centerbridge Partners, Accenture, Software, Asset management, Management

BOSTON, May 1, 2023 /PRNewswire-PRWeb/ -- Wavecrest Growth Partners, a Boston-based growth equity firm focused on investing in B2B SaaS companies, today announced the addition of Chirag Shah as Growth Partner. In his role, Shah will lead the Wavecrest Operating Platform, working with portfolio company teams to provide strategic expertise and guidance on value creation, operational improvement, and go-to-market execution as they scale their businesses.

Key Points: 
  • BOSTON, May 1, 2023 /PRNewswire-PRWeb/ -- Wavecrest Growth Partners, a Boston-based growth equity firm focused on investing in B2B SaaS companies, today announced the addition of Chirag Shah as Growth Partner.
  • "Wavecrest's Operating Platform and collaborative approach to working with lower middle-market, B2B software companies to drive growth is best in class.
  • "We are thrilled to welcome Chirag to our team," said Vaibhav Nalwaya, Managing Partner of Wavecrest Growth Partners.
  • Wavecrest created the Wavecrest Operating Platform, a proprietary suite of tools, benchmarks, and resources to help its companies optimize their operations and achieve maximum success while they scale.