Centerbridge Partners

INDUS Realty Trust to Be Acquired by Centerbridge Partners and GIC Real Estate in a Transaction Valued at $868 Million

Retrieved on:

Wednesday, February 22, 2023

Commercial Building & Real Estate, Construction & Property, REIT, Slate, LLP, Morgan Stanley, J.P. Morgan & Co., GIC, Acquisition, Spouse, Latham & Watkins, Skadden, Arps, Slate, Meagher & Flom, Simpson Thacher & Bartlett, Conversational Capital, Security (finance), Cryptocurrency, Centerbridge Partners

“After conducting an extensive process to explore the Company’s strategic alternatives, we are pleased to have reached an agreement with Centerbridge and GIC.

Key Points:

“After conducting an extensive process to explore the Company’s strategic alternatives, we are pleased to have reached an agreement with Centerbridge and GIC.
The closing of the transaction is not contingent on the receipt of financing by Centerbridge and GIC.
Subject to and upon completion of the transaction, INDUS’ common stock will no longer be listed on Nasdaq and INDUS will become a privately held company.
Simpson Thacher & Bartlett LLP is serving as legal counsel to Centerbridge and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to GIC.

Ares Management Corporation Announces U.S. Direct Lending Origination Activity for Fourth Quarter and Last Twelve Months 2022

Retrieved on:

Thursday, February 9, 2023

Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $8.3 billion in U.S. direct lending commitments across 50 transactions during the fourth quarter of 2022 and approximately $26.4 billion in direct lending commitments across 208 transactions in the last twelve-month period ended December 31, 2022.

Key Points:

Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $8.3 billion in U.S. direct lending commitments across 50 transactions during the fourth quarter of 2022 and approximately $26.4 billion in direct lending commitments across 208 transactions in the last twelve-month period ended December 31, 2022.
Below is a description of selected transactions that Ares closed during the fourth quarter.
Ares served as the joint lead arranger and joint bookrunner for a senior secured credit facility to support Vista Equity Partners’ acquisition of Avalara.
Ares served as joint lead arranger for a senior secured credit facility to support Permira Advisors and Hellman & Friedman’s acquisition of Zendesk.

Stavtar Solutions, creator of business expense management software StavPay appoints former Centerbridge Partners CFO Jeffrey Gelfand as Advisor

Retrieved on:

Thursday, February 9, 2023

Consulting, Technology, Professional Services, Digital Cash Management, Digital Assets, Security, Other Technology, Asset Management, Software, Other Professional Services, Fintech, Finance, Software as a service, CFO, Senior, Centerbridge Partners, Silver Point Capital, Cryptocurrency, Gelfand

Stavtar Solutions , a software company focused on solutions for the alternative asset management industry, announced the appointment of its first advisor, Jeffrey Gelfand.

Key Points:

Stavtar Solutions , a software company focused on solutions for the alternative asset management industry, announced the appointment of its first advisor, Jeffrey Gelfand.
A tested industry operations leader, Gelfand will leverage his extensive experience to help Stavtar drive innovation and expand its premier software and services.
“We founded Stavtar to address the most challenging issues we faced while running alternative asset manager operations.
Stavtar’s flagship product, StavPay, is a SaaS that fully automates the business spend management process for complex businesses.

Global Bathtub Market 2022 to 2031 - Players Include Jacuzzi, Jaguar, Kohler and RAK Ceramics - ResearchAndMarkets.com

Retrieved on:

Thursday, January 26, 2023

This report provides strategists, marketers and senior management with the critical information they need to assess the global bathtub market.

Key Points:

This report provides strategists, marketers and senior management with the critical information they need to assess the global bathtub market.
The regions covered in the bathtub market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The bathtub market research report is one of a series of new reports that provides bathtub market statistics, including bathtub industry global market size, regional shares, competitors with a bathtub market share, detailed bathtub market segments, market trends and opportunities, and any further data you may need to thrive in the bathtub industry.
The countries covered in the bathtub market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Acoustic Appoints Mark Cattini CEO

Retrieved on:

Thursday, January 19, 2023

Centerbridge Partners, SVP, Francisco Partners, Insurance, MapInfo Professional, Senior, Travel, Engineering, Growth, Head, ClickSoftware Technologies, Software as a service, Life, Privacy, Management, Acoustic, B2C

CONWAY, Ark., Jan. 19, 2023 /PRNewswire/ -- Acoustic, a global marketing and customer experience provider for B2C brands, today announced that Mark Cattini has been named Chief Executive Officer (CEO), effective immediately. Mark has served on the company's Board of Directors since May 2022 and joins Acoustic as it evolves the marketing digital experience for its customers to meet the growing needs of today's businesses. Mark brings on board Adam Stewart as Chief Technology Officer and Jay Schaufeld as Chief People Officer, underscoring the company's continued investment in its technology and talent.

Key Points:

CONWAY, Ark., Jan. 19, 2023 /PRNewswire/ -- Acoustic , a global marketing and customer experience provider for B2C brands, today announced that Mark Cattini has been named Chief Executive Officer (CEO), effective immediately.
"I am thrilled to be asked by the Board to lead Acoustic as CEO during an exciting time for the company and the marketing industry as a whole," said Mark Cattini, CEO of Acoustic.
Mark brings over two decades of experience as a successful CEO at enterprise software companies, including MapInfo, Autotask, and ClickSoftware.
"With Mark's appointment as CEO, Acoustic is better positioned than ever to support businesses across industries as they tackle these challenges head-on.

Acoustic Appoints Mark Cattini CEO

Retrieved on:

Thursday, January 19, 2023

CONWAY, Ark., Jan. 19, 2023 /PRNewswire/ -- Acoustic, a global marketing and customer experience provider for B2C brands, today announced that Mark Cattini has been named Chief Executive Officer (CEO), effective immediately. Mark has served on the company's Board of Directors since May 2022 and joins Acoustic as it evolves the marketing digital experience for its customers to meet the growing needs of today's businesses. Mark brings on board Adam Stewart as Chief Technology Officer and Jay Schaufeld as Chief People Officer, underscoring the company's continued investment in its technology and talent.

Key Points:

CONWAY, Ark., Jan. 19, 2023 /PRNewswire/ -- Acoustic , a global marketing and customer experience provider for B2C brands, today announced that Mark Cattini has been named Chief Executive Officer (CEO), effective immediately.
"I am thrilled to be asked by the Board to lead Acoustic as CEO during an exciting time for the company and the marketing industry as a whole," said Mark Cattini, CEO of Acoustic.
Mark brings over two decades of experience as a successful CEO at enterprise software companies, including MapInfo, Autotask, and ClickSoftware.
"With Mark's appointment as CEO, Acoustic is better positioned than ever to support businesses across industries as they tackle these challenges head-on.

Forbright Year in Review 2022

Retrieved on:

Wednesday, January 18, 2023

This includes:

Key Points:

This includes:
Lisa Cuba who joined Forbright Bank as EVP, Chief Risk Officer.
Aaron Juda who was promoted to the role of Chief Financial Officer of Forbright, Inc. – the holding company of Forbright Bank – while continuing as the Chief Strategy Officer of Forbright Bank.
Pat Rusnak who joined the organization as Chief Financial Officer of Forbright Bank.
2023: In the year ahead, Forbright will continue to expand on its role as a leader in the sustainable finance space.

RecNation Storage Completes "Texas Road Trip" with Rapid Expansion and Acquisition of a New RV Storage Facility in Austin

Retrieved on:

Wednesday, December 21, 2022

Lake, Travel, Lone Star, Centerbridge Partners, Colorado River, Lady Bird Johnson, Lady Bird, Census, City, Texas State Capitol, Acquisition, RV, Transport, Petroleum, Boat

DALLAS, Dec. 21, 2022 /PRNewswire/ -- RecNation Storage ("RecNation" or the "Company"), a leading owner, operator and developer of specialized recreational vehicles and marine storage facilities, today announced that it has acquired its first premier recreational storage facility in Austin, Texas – officially marking the Company's expansion into all four major cities in Texas.

Key Points:

RecNation is the first institutional grade specialized storage company created to serve the growing need for recreational vehicle storage.
As a leading, best-in-class storage operator in the U.S., the Company has quickly expanded its footprint to serve a growing base of customers looking for safe, secure storage for their beloved toys.
The new facility is RecNation's 40th location in the U.S. and first facility in the Austin metropolitan area.
RecNation acquires, builds and manages specialized RV and Boat storage facilities across the United States.

Centerbridge and Gallatin Point are in advanced negotiations with Emirate funds to enter Phoenix’s controlling stake

Retrieved on:

Tuesday, December 13, 2022

Professional Services, Finance, Partner, Phoenix Group, Food, ADQ, Emirate, First-rate, Agriculture, Capital market, Investment, Health, Bank, Centerbridge Partners, Insurance

Centerbridge Partners and Gallatin Point Capital, which hold 33.44% of The Phoenix Group, are in advanced negotiations with Emirate funds, led by ADQ, to enter Phoenixs controlling stake.

Key Points:

Centerbridge Partners and Gallatin Point Capital, which hold 33.44% of The Phoenix Group, are in advanced negotiations with Emirate funds, led by ADQ, to enter Phoenixs controlling stake.
The Emirate funds are expected to buy 25-30%, partnering with Gallatin Point, who will remain a joint control shareholder and continue its participation on the Phoenix Board of Directors.
The term sheet signed today is an important step for Phoenixs continued position as Israels leading financial services group.
The contemplated transaction ensures the continuity of a current control shareholder and the long-term economic alignment of management.

CSI Expands Board of Directors Following $1.6B Acquisition

Retrieved on:

Thursday, December 8, 2022

The robust board will provide insight and resources to help CSI accelerate development and deployment of its solutions while prioritizing its long-standing commitment to customer service.

Key Points:

The robust board will provide insight and resources to help CSI accelerate development and deployment of its solutions while prioritizing its long-standing commitment to customer service.
We are thrilled to welcome Frank Martire as chairman, as well as Kristin, Fred and Tom as voting members of our board of directors, said David Culbertson, CEO and president of CSI.
Muhlner joins the new board following a five-year position on CSIs previous board of directors.
The combined experience and impressive backgrounds of CSIs new board members bring an indispensable level of expertise to the future trajectory of CSI, said Culbertson.