Fried, Frank, Harris, Shriver & Jacobson

Clover Health Promotes Karen Soares to General Counsel

Retrieved on:

Wednesday, November 1, 2023

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FRANKLIN, Tenn., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Clover Health (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement company committed to bringing access to great healthcare to everyone on Medicare, today announced the appointment of Karen Soares as General Counsel, effective October 31, 2023.

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FRANKLIN, Tenn., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Clover Health (NASDAQ: CLOV) (“Clover,” “Clover Health” or the “Company”), a physician enablement company committed to bringing access to great healthcare to everyone on Medicare, today announced the appointment of Karen Soares as General Counsel, effective October 31, 2023.
“Karen has been a tremendous asset to Clover over the years, providing strategic legal counsel and partnership as our business has continued to evolve.
Soares first joined Clover in 2018 as an Associate General Counsel, supporting the contracting, compliance, and product functions.
I am honored and excited to step into the role of Clover’s General Counsel as we continue on this important journey,” Soares said.

Redding Ridge Acquires $2.8 Billion of CLO Management Contracts from Gulf Stream Asset Management

Retrieved on:

Tuesday, October 3, 2023

Partnership, CLO, APO, Fried, Frank, Harris, Shriver & Jacobson, Milbank, Gulf Stream, Philosophy, AUM, Acquisition, Dechert, Growth, CIO, Environment, NYSE, Financial adviser, Red Ridge

NEW YORK, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Redding Ridge Asset Management (“Redding Ridge”) today announced that it has acquired CLO management contracts totalling $2.8 billion in assets under management ("AUM”) from Gulf Stream Asset Management (“Gulf Stream”).

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NEW YORK, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Redding Ridge Asset Management (“Redding Ridge”) today announced that it has acquired CLO management contracts totalling $2.8 billion in assets under management ("AUM”) from Gulf Stream Asset Management (“Gulf Stream”).
Bret Leas, Redding Ridge Managing Director, said, “This transaction further solidifies the scale of Redding Ridge’s CLO management platform, and in credits that are well covered by our analysts.
This is the second portfolio acquisition of CLO management contracts by affiliates of Apollo from Gulf Stream, stemming from a long-standing relationship and aligned investment philosophy.
In March of 2019, Apollo and Redding Ridge entered into a strategic partnership with Gulf Stream to relaunch its CLO business and, under the leadership of President and CIO, Mark Mahoney, Gulf Stream grew to $2.8 billion of CLO AUM.

PROMINENT M&A AND PRIVATE EQUITY PARTNERS JOIN LATHAM & WATKINS IN WASHINGTON, D.C. AND NEW YORK

Retrieved on:

Tuesday, September 26, 2023

Private equity, University, Culture, Fried, Frank, Harris, Shriver & Jacobson, Mergers & Acquisitions, Harvard Law School, Mark Mangino, Investment, Latham & Watkins, JD, Mergers and acquisitions, Amber, Growth, Office, Environment, Financial services, Construction

WASHINGTON and NEW YORK, Sept. 26, 2023 /PRNewswire/ -- Latham & Watkins LLP1 is pleased to announce that Brian Mangino and Amber Banks have joined the firm's Washington, D.C. and New York offices, respectively, as partners in the Mergers & Acquisitions and Private Equity Practice. Both partners bring substantial experience advising private equity firms and public and private companies on mergers and acquisitions and other complex corporate transactions.

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Brian Mangino and Amber Banks bring substantial experience representing private equity firms and public and private companies on sophisticated M&A transactions.
WASHINGTON and NEW YORK, Sept. 26, 2023 /PRNewswire/ -- Latham & Watkins LLP1 is pleased to announce that Brian Mangino and Amber Banks have joined the firm's Washington, D.C. and New York offices, respectively, as partners in the Mergers & Acquisitions and Private Equity Practice.
Both partners bring substantial experience advising private equity firms and public and private companies on mergers and acquisitions and other complex corporate transactions.
Banks represents major corporations and private equity firms on sophisticated mergers and acquisitions and other complex corporate transactions, including joint ventures, private equity and growth equity investments, leveraged buyouts, and recapitalizations.

Thoma Bravo Completes Acquisition of ForgeRock; Combines ForgeRock into Ping Identity

Retrieved on:

Wednesday, August 23, 2023

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CHICAGO and SAN FRANCISCO and MIAMI and DENVER, Aug. 23, 2023 /PRNewswire/ -- Thoma Bravo and ForgeRock today announced the completion of Thoma Bravo's acquisition of ForgeRock in an all-cash transaction valued at approximately $2.3 billion.

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CHICAGO and SAN FRANCISCO and MIAMI and DENVER, Aug. 23, 2023 /PRNewswire/ -- Thoma Bravo and ForgeRock today announced the completion of Thoma Bravo's acquisition of ForgeRock in an all-cash transaction valued at approximately $2.3 billion.
The acquisition agreement was previously announced on October 11, 2022, and approved by ForgeRock stockholders at ForgeRock's Special Meeting of Stockholders held on January 12, 2023.
Upon completion of the acquisition, ForgeRock stockholders are entitled to receive $23.25 in cash for each share of ForgeRock class A common stock and class B common stock they owned.
Thoma Bravo also announced that it has combined ForgeRock into its portfolio company Ping Identity.

Stonepeak Announces Minority Investment from Blue Owl’s GP Strategic Capital Platform

Retrieved on:

Tuesday, July 11, 2023

Professional Services, Finance, Partnership, Fried, Frank, Harris, Shriver & Jacobson, Blue Owl Capital, Multimedia, Simpson Thacher & Bartlett, Investment, Risk, Growth, Cryptocurrency

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that Blue Owl’s GP Strategic Capital platform (formerly known as Dyal Capital), a leading capital provider for institutional alternative asset managers, has made a passive, minority investment in Stonepeak.

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Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that Blue Owl’s GP Strategic Capital platform (formerly known as Dyal Capital), a leading capital provider for institutional alternative asset managers, has made a passive, minority investment in Stonepeak.
The minority investment from Blue Owl will have no impact on the day-to-day management or operations of Stonepeak and the firm’s investment and decision-making processes will also remain unchanged.
“We are excited to partner with Blue Owl, a distinguished investor with a strong track-record of supporting successful investment managers, as we continue to build and scale our platform,” said Stonepeak CEO, Chairman, and Co-Founder Michael Dorrell.
Blue Owl brings strategic capabilities and unique perspectives that we will leverage as we continue our growth trajectory.”
“Over the past decade Stonepeak has established an impressive franchise with strong momentum as one of the leading alternative investment firms in infrastructure and real assets,” said Michael Rees, Co-President and Head of Blue Owl’s GP Strategic Capital platform.

Synova announces strategic minority investment from Bonaccord Capital Partners

Retrieved on:

Wednesday, June 21, 2023

LLP, Private equity, HEC Paris, HEC, Financial services, Kirkland & Ellis, Fried, Frank, Harris, Shriver & Jacobson, Equity (finance), Software, BCP, Growth, NYSE, Asset management, Security (finance), P10, Health, Synova

LONDON and NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) -- Leading European mid-market investor, Synova, is delighted to announce that Bonaccord Capital Partners (“Bonaccord” or “BCP”), has made a passive minority investment in the firm to support its future growth.

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LONDON and NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) -- Leading European mid-market investor, Synova, is delighted to announce that Bonaccord Capital Partners (“Bonaccord” or “BCP”), has made a passive minority investment in the firm to support its future growth.
David Menton & Philip Shapiro , Synova’s Managing Partners, said: “We are delighted to welcome Bonaccord as a long-term strategic investment partner.
Kirkland & Ellis LLP and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal counsel to Synova and Bonaccord respectively.
Bonaccord Capital Partners is a part of P10, Inc. [NYSE: PX], a leading multi-asset class private markets solutions provider in the alternative asset management industry.

Brookfield Infrastructure and Ontario Teachers’ to Acquire Compass Datacenters from RedBird Capital Partners and Azrieli Group

Retrieved on:

Tuesday, June 20, 2023

DALLAS, June 20, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. and its institutional partners (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.UN) and existing investor Ontario Teachers’ Pension Plan (“Ontario Teachers’”) today announced that they have entered into a definitive agreement with RedBird Capital Partners (“RedBird”) and the Azrieli Group (“Azrieli”) (TASE: AZRG) through which Brookfield Infrastructure and Ontario Teachers’ will acquire Compass Datacenters, LLC (“Compass”).

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DALLAS, June 20, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. and its institutional partners (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.UN) and existing investor Ontario Teachers’ Pension Plan (“Ontario Teachers’”) today announced that they have entered into a definitive agreement with RedBird Capital Partners (“RedBird”) and the Azrieli Group (“Azrieli”) (TASE: AZRG) through which Brookfield Infrastructure and Ontario Teachers’ will acquire Compass Datacenters, LLC (“Compass”).
“We are pleased to welcome our longstanding partner Brookfield Infrastructure as a co-controlling shareholder in Compass.
I’m excited to embark on the next chapter of Compass’ evolution in partnership with Brookfield Infrastructure and Ontario Teachers’, two leading investment firms,” said Chris Crosby, Founder and Chief Executive Officer of Compass Datacenters.
Brookfield Infrastructure engaged BMO Capital Markets and Scotiabank as joint financial advisors and Kirkland & Ellis LLP as legal counsel.

Calera Capital Closes $750 Million Single-Asset Continuation Fund for ImageFIRST

Retrieved on:

Wednesday, June 14, 2023

Asset Management, Professional Services, Finance, Martha Plimpton, Partnership, Goldman Sachs, Fried, Frank, Harris, Shriver & Jacobson, Calera Capital, Proskauer Rose, Baker McKenzie, Mackenzie, Sale, TPG, Simpson Thacher & Bartlett, Jefferies Group, Patient, Capital, Safety, Financial services

Calera Capital (“Calera”), a leading middle-market private equity investment firm, today announced the successful closing of Calera Capital Image Holdings, L.P., a new single-asset continuation fund of approximately $750 million.

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Calera Capital (“Calera”), a leading middle-market private equity investment firm, today announced the successful closing of Calera Capital Image Holdings, L.P., a new single-asset continuation fund of approximately $750 million.
The fund closed in connection with Calera’s sale of portfolio company ImageFIRST Healthcare Laundry Specialists (“ImageFIRST” or the “Company”), the largest national provider of linen, laundry, and safety and hygiene services for the healthcare industry, by Calera Capital Partners V, L.P. (“Fund V”) and other investors.
Calera and the ImageFIRST management team rolled significant sale proceeds into the continuation fund and Calera made a new equity commitment from its latest flagship fund as part of the transaction.
“ImageFIRST is a clear market leader in the specialty and outpatient healthcare laundry market,” said Ethan Thurow, Managing Director at Calera.

Yellow Wood Partners Completes Acquisition of Suave North American Beauty and Personal Care Brands from Unilever

Retrieved on:

Tuesday, May 9, 2023

BOSTON, May 9, 2023 /PRNewswire/ -- Yellow Wood Partners LLC ("Yellow Wood"), a Boston-based private equity firm focused on investing in consumer brands and companies, has completed the previously announced acquisition of the beauty and personal care brand, Suave, in North America from Unilever (NYSE: UL).

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Newly formed stand-alone platform Suave Brands Company is led by CEO Daniel Alter, experienced consumer goods executive with Unilever
BOSTON, May 9, 2023 /PRNewswire/ -- Yellow Wood Partners LLC ("Yellow Wood"), a Boston-based private equity firm focused on investing in consumer brands and companies, has completed the previously announced acquisition of the beauty and personal care brand, Suave, in North America from Unilever (NYSE: UL).
To deliver on this goal, the Suave Brands Company will acquire beauty & personal care brands across multiple categories, including hair, skin, body, and more, that will drive synergies across the platform."
Mr. Alter brings to Suave Brands Company 20 years of global strategy, brand development, and general management experience during his tenure in international operating roles across beauty & personal care with Unilever.
Our shared vision is to build the Suave Brands Company into an industry leading beauty & personal care platform, delivering high quality products at an accessible price for consumers across North America."

Knight-Swift Transportation Agrees to Acquire U.S. Xpress Enterprises for $6.15 Per Share

Retrieved on:

Tuesday, March 21, 2023

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift") and U.S. Xpress Enterprises, Inc. (NYSE: USX) ("U.S. Xpress") today announced an agreement under which Knight-Swift will acquire U.S. Xpress for a total enterprise value of approximately $808 million, excluding transaction costs.

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Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift") and U.S. Xpress Enterprises, Inc. (NYSE: USX) ("U.S. Xpress") today announced an agreement under which Knight-Swift will acquire U.S. Xpress for a total enterprise value of approximately $808 million, excluding transaction costs.
Additionally, joining the Knight-Swift team is an exciting opportunity for our people, our customers, and the Chattanooga and other communities we call home.
The increased scale, operating expertise and resources of the combined entity will allow U.S. Xpress to pursue new levels of service and efficiency.
For 2022, U.S. Xpress total revenue comprised approximately 36% dedicated truckload, 34% U.S. Xpress Inc. irregular route truckload, 14% Total Transportation of Mississippi irregular route truckload, and 16% brokerage.