Centerbridge Partners

BRAVEN LAUNCHES NEW MODEL OF VENTURE CAPITAL TO INVEST WHERE DEEP TECHNOLOGIES ARE REMAKING REGULATED INDUSTRIES

Retrieved on: 
Friday, December 2, 2022
Partner, Centerbridge Partners, Blackstone, Apollo Global Management, Abecassis, Insurance, BlackRock, VC, American Energy Partners, LP, Goldman Sachs asset management factor model, Ecosystem, Health, Partnership, Goldman Sachs, Traction, Financial services, Renewable energy, Braven

NEW YORK, Dec. 2, 2022 /PRNewswire/ -- Braven, a venture capital firm pioneering a new operating model to co-build breakthrough early-stage startups, announces its launch as a joint venture with 26North Partners LP (26North), a next-generation alternative asset firm founded by private equity leader and philanthropist Josh Harris.

Key Points: 
  • Braven, a VC firm with a new operating model to co-build early-stage startups, launches as a joint venture with 26North.
  • The firm invests where deep scientific and technical innovation is transforming the large, regulated industries that underpin society, such as finance, healthcare, defense, and industrial infrastructure.
  • Braven is led by William Abecassis, founder and former head of BlackRock's Innovation Capital venture group.
  • Braven has engineered a new model of venture capital, designed to help visionary companies break through the barriers of these complex legacy industries and reshape them for the better.

8th Annual Women in Investing Summit at Harvard Business School Announces Speakers and Agenda

Retrieved on: 
Tuesday, November 29, 2022
Professional Services, Education, Business, Consumer, Women, Finance, University, Metaverse, HBS, Harvard University, Advent International, Harvest Partners, Marketplace, Private equity, General Catalyst, Baupost Group, AEA, Bain Capital, CVC, Female, THL, Student, Silva International Investments, PE, Summit, PSG, Oak Hill Capital Partners, WII, Genstar, American Securities, TA Associates, VERITAS, Fellows, Senior, Berkshire Partners, International, VC, Francisco Partners, Providence Equity, Harvard Business School, General partnership, Woman, Harvard College, Court Square, EQT, Management, Fidelity, Health care, Growth, Centerbridge Partners

The Women in Investing Club (WII), a student club at Harvard Business School, will hold the 8th annual Women in Investing Summit on Saturday, December 3, 2022, at Klarman Hall, Harvard Business School.

Key Points: 
  • The Women in Investing Club (WII), a student club at Harvard Business School, will hold the 8th annual Women in Investing Summit on Saturday, December 3, 2022, at Klarman Hall, Harvard Business School.
  • This years conference will feature several new and exciting panels, including Emergent Fund Strategies, International Investing, Web3 & Metaverse, Technology in Healthcare, and B2B SaaS.
  • We are excited to carry on the tradition of hosting top female investors from around the world at our 8th annual Summit, said Women in Investing Presidents, Jenny Park, Jessica Li, and Ana Keusch.
  • The Harvard name and the VERITAS shield are trademarks of the President and Fellows of Harvard College and are used by permission of Harvard University.

INDUS Realty Trust Receives Unsolicited, Non-Binding Acquisition Proposal

Retrieved on: 
Monday, November 28, 2022
Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, LLP, Press release, Latham & Watkins, REIT, Annual report, Centerbridge Partners, Morgan Stanley, Risk, Security (finance)

Morgan Stanley & Co. LLC is serving as financial advisor to INDUS and Latham & Watkins LLP is serving as legal counsel.

Key Points: 
  • Morgan Stanley & Co. LLC is serving as financial advisor to INDUS and Latham & Watkins LLP is serving as legal counsel.
  • INDUS is a real estate business principally engaged in developing, acquiring, managing, and leasing industrial/logistics properties.
  • INDUS owns 42 industrial/logistics buildings aggregating approximately 6.1 million square feet in Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida.
  • These forward-looking statements include INDUS beliefs and expectations regarding future events or conditions including, without limitation, statements about the proposal and the Companys strategic alternatives.

Title Resources Group Appoints New Board Members

Retrieved on: 
Monday, November 28, 2022
HomeServices of America, Growth, Architecture, Private equity, American Land Title Association, Digital, Organization, Berkshire, Small business, PG&E, Risk, Insurance, Natural gas, Pacific Gas and Electric Company, Berkshire Hathaway, Ajay, Information technology, Consumer, Assurant, Accounting, Invitation Homes, Senior, Centerbridge Partners, TRG, PNC Financial Services, NYSE, PG, Automation, The Electric Company, Forecasting, Management

DALLAS, Nov. 28, 2022 /PRNewswire/ -- Title Resources Group (TRG), one of the nation's leading title insurance underwriters, announced today that they have welcomed three members to their Board of Directors Virginia Suliman, Ilene Topper and Ajay Waghray.

Key Points: 
  • DALLAS, Nov. 28, 2022 /PRNewswire/ -- Title Resources Group (TRG), one of the nation's leading title insurance underwriters, announced today that they have welcomed three members to their Board of Directors Virginia Suliman, Ilene Topper and Ajay Waghray.
  • Virginia Suliman, Ilene Topper and Ajay Waghray will join existing Board Directors Don Casey, Chief Executive Officer of Anywhere Integrated Services, Matt Kabaker, Co-Head of Private Equity at Centerbridge, Kevin Mahony, Managing Director at Centerbridge, Scott McCall, Chief Executive Officer of Title Resources Group and Alan Colberg, TRG Board Chairman and retired Chief Executive Officer of Assurant.
  • "I'm very pleased to welcome Virginia, Ilene and Ajay to our board," said Alan Colberg, Board Chairman of Title Resources Group.
  • Title Resources Group the underwriter built for the real estate industry is one of the nation's largest title insurance underwriters, according to the American Land Title Association's 2021 market share data.

Centerbridge and Bridgeport Complete $1.6 Billion Acquisition of CSI

Retrieved on: 
Wednesday, November 16, 2022
Security, Banking, Professional Services, Technology, Fintech, Cloud, Jefferies Group, New Board, Senior, Orientation, Partnership, Goldman Sachs, Nelson Mullins Riley & Scarborough, CSI, Bloomberg L.P., Moelis & Company, Culbertson, Research, Acquisition, Treasury, Trece Martires, IDC, Science and technology in Asia, Kirkland & Ellis, Record, LLP, Weil, Gotshal & Manges, Fraud, OTCQX, Outsourcing, Financial services, Bank, Management, Renewable energy, Centerbridge Partners

With the completion of the acquisition, CSI became a private company and its common stock ceased trading.

Key Points: 
  • With the completion of the acquisition, CSI became a private company and its common stock ceased trading.
  • As digital transformation sweeps across the banking landscape, the partnership with Centerbridge and Bridgeport will enable CSI to drive value for its customer base of community banks, fintech and regtech clients.
  • The acquisition allows CSI to propel crucial advancements in its technologies for the public cloud, accelerate speed-to-market and increase the scalability of its solutions.
  • Centerbridge and Bridgeport bring years of experience driving growth and value for businesses across a variety of industries, including community banking.

RecNation Expands Midwestern Footprint with Acquisition of New Storage and RV Repair Facility in Kansas City, Kansas

Retrieved on: 
Monday, November 14, 2022
Centerbridge Partners, Family, Acquisition, Friends, Redwood National and State Parks, Company, Love, Recreational therapy, National, The Great Outdoors, Self storage, RV, Boat, Kansas City metropolitan area

DALLAS, Nov. 14, 2022 /PRNewswire/ -- RecNation Storage ("RecNation" or the "Company"), a leading owner, operator and developer of specialized recreational vehicles and marine storage facilities, today announced it has completed the acquisition of a state-of-the-art storage facility in Shawnee, Kansas, marking the Company's inaugural location in the Kansas City metropolitan market.

Key Points: 
  • The facility will be one of the largest locations in RecNation's portfolio, with more than 725 units and 325,000 total leasable square feet.
  • This acquisition builds upon RecNation's recent expansion into the San Antonio and Phoenix markets, as well as the company's growing footprint in Florida.
  • Following the close of this acquisition, RecNation owns and operates 40 storage locations across Arizona, Texas, Florida and now Kansas, with over 5.5 million square feet of leasable storage space.
  • RecNation acquires, builds and manages specialized RV and Boat storage facilities across the United States.

Great Wolf Resorts Names John Murphy as Chief Executive Officer

Retrieved on: 
Thursday, November 3, 2022
Entertainment, General Entertainment, Family, Other Travel, Consumer, Lodging, Vacation, Destinations, Tourist Attractions, Travel, Leadership, Growth, Centerbridge Partners, Multimedia, Culture, Foot, Adult, Real estate, YouTube, CEO, Family, Blackstone, IP, Birth certificate, Aimbridge Hospitality, Private investigator, Tourism, Interior design, Amusement park, Hotel, Lagrange (disambiguation), Great Wolf Resorts

Great Wolf Resorts, Inc. announced today that John Murphy, (Murph), will serve as the companys next Chief Executive Officer, taking over for Murray Hennessy who is retiring, but will continue to serve as an advisor to the company.

Key Points: 
  • Great Wolf Resorts, Inc. announced today that John Murphy, (Murph), will serve as the companys next Chief Executive Officer, taking over for Murray Hennessy who is retiring, but will continue to serve as an advisor to the company.
  • While expanding its paw print into new markets with new resorts is an area of focus, Great Wolf Resorts is also investing significantly in its existing resorts.
  • Content featuring the Great Wolf Pack characters is also available on the Great Wolf Entertainment YouTube channel ( The Great Wolf Pack - YouTube ) with additional episodic content available for distribution.
  • Great Wolf Lodge has three resorts currently under construction Great Wolf Lodge Maryland in Perryville, Maryland (opening summer 2023), Great Wolf Lodge South Florida in Naples (mid-2024) and Great Wolf Lodge Gulf Coast Texas in Webster (mid-to-late 2024).

SHAREHOLDER ALERT: Weiss Law Reminds BTRS, AERC, SMBC, and CSVI Shareholders About Its Ongoing Investigations

Retrieved on: 
Friday, November 4, 2022
Molekule, Company, OTCQX, Centerbridge Partners, Multimedia, Citizenship, Law, Curie–Weiss law, EQT, Outsourcing, NASDAQ, Acquisition, BTRS, SMBC, AERC

Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BTRS Holdings Inc. (NASDAQ: BTRS) in connection with the proposed acquisition of BTRS by EQT X fund.

Key Points: 
  • Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BTRS Holdings Inc. (NASDAQ: BTRS) in connection with the proposed acquisition of BTRS by EQT X fund.
  • Under the terms of the merger agreement, the Company's shareholders will receive $9.50 in cash for each share of BTRS common stock owned.
  • Under the terms of the merger agreement, AERC shareholders will own 50.5%, and Molekule shareholders will own 49.5% of the outstanding common equity of the combined company.
  • Under the terms of the merger agreement, CSVI shareholders will receive $58.00 in cash for each share of CSVI common stock owned.

Freshfields Bolsters Leveraged Finance Practice With Addition of Partner Allison R. Liff

Retrieved on: 
Monday, October 17, 2022
Legal, Professional Services, International, GI Partners, Centerbridge Partners, TPG, Advent International, CVC Capital Partners, Apollo, Global Banking & Finance Review, Schuyler M. Moore, Growth, ATI Physical Therapy, First Watch (restaurant chain), Capital market, Culligan, Chambers, Woman, Corporate law, Acquisition, MVP, Goldman Sachs, Searchlight Capital, Presto (restaurant technology platform), ATI, Financial services, Audit

Freshfields Bruckhaus Deringer announced today that Allison R. Liff has joined the firms US leveraged finance practice as a partner based in New York.

Key Points: 
  • Freshfields Bruckhaus Deringer announced today that Allison R. Liff has joined the firms US leveraged finance practice as a partner based in New York.
  • Allisons long-standing sponsor-focused practice and expansive experience make her a great fit to help lead our leveraged finance practice, said Partner and Head of US Transactions Paul Tiger.
  • Her addition to the team underscores the firms commitment to its financial sponsor clients and capabilities, both in the US and globally, and the depth of the service we can deliver across our broader transactional practice.
  • Allison is a fantastic addition to our team as we strengthen our sponsor-side capabilities in leveraged finance and the breadth of service we provide in private equity and M&A matters.

Acoustic Announces Strategic Growth Investment from Francisco Partners

Retrieved on: 
Tuesday, October 18, 2022
Insurance, SVB, Growth, B2C, Multimedia, Investment, WhatsApp, Senior, Technology, ROI, Automation, Martech, Marketing, CEO, Social media, Francisco Partners, Travel, Solution, View, Retail, Acoustic, Centerbridge Partners

ATLANTA, Oct. 18, 2022 /PRNewswire/ -- Acoustic, a global marketing and customer experience provider for B2C brands, has obtained a strategic growth investment from Francisco Partners ("Francisco"), a leading global investment firm that specializes in partnering with technology businesses. Existing investor Centerbridge Partners remains the primary equity holder in the company.

Key Points: 
  • Additional funding validates Acoustic's strategy for creating personalized, data-driven digital experiences across retail, financial services, travel and hospitality, and more
    ATLANTA, Oct. 18, 2022 /PRNewswire/ -- Acoustic ,a global marketing and customer experience provider for B2C brands, has obtained a strategic growth investment from Francisco Partners ("Francisco"), a leading global investment firm that specializes in partnering with technology businesses.
  • Acoustic empowers businesses to create seamless, data-driven digital experiences across email, web, SMS/MMS, mobile push, WhatsApp, social media and more.
  • "We are thrilled to announce this new investment from Francisco Partners.
  • Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses.