BDT

Platform Science Raises $125 Million in Growth Capital

Retrieved on: 
Tuesday, April 9, 2024
Hardware, Technology, Apps, Applications, Other Transport, Trucking, Fleet Management, General Automotive, Transport, Aftermarket, Automotive, Software, Logistics, Supply Chain Management, Networks, Vehicle Technology, Mobile, Wireless, MSD, Growth, Original equipment manufacturer, BDT, PACCAR, Daimler Truck North America, Daimler Truck, Testament, Werner Enterprises, GDP, Ecosystem, API

Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.

Key Points: 
  • Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.
  • Platform Science also had strong participation from existing investors, including 8VC, NewRoad Capital Partners, and Prologis Ventures, underscoring their commitment to the company’s growth plans.
  • By doing so, we expect innovation to change transportation in the same way smartphones have changed our lives,” said Platform Science co-founder and CEO Jack Kennedy.
  • We look for opportunities that are driving impact at scale, and Platform Science is doing exactly this.

Silver Lake to Take Endeavor Private

Retrieved on: 
Tuesday, April 2, 2024
General Sports, Sports, Finance, General Entertainment, Professional Services, Events, Concerts, Licensing (Sports), Entertainment, MSD, Barclays, Goldman Sachs, TKO, Simpson Thacher & Bartlett, Endeavor Group Holdings, EDR, Royal Bank of Canada, Latham & Watkins, Telecommunications, Committee, Partnership, WWE, Royal Bank, Lexington Partners, Cravath, Swaine & Moore, VWAP, Endeavor (company), Centerview Partners, Kirkland & Ellis, Bank of America, BofA Securities, Sport, Acquisition, RBC Capital Markets, Whitesell, Growth, IMG, BDT, Deutsche Bank, Bank, LLP, Mubadala Investment Company, Martha Plimpton, Music, UFC, Management

Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector.

Key Points: 
  • Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector.
  • On the unaffected date, the equity value was $8.2 billion, and the premium to be paid by Silver Lake represents $4.6 billion more equity value to all Endeavor stockholders.
  • Ariel Emanuel, CEO of Endeavor, said: "Since 2012, Endeavor’s strategic partnership with Silver Lake and Egon Durban have been central to our evolution into the global sports and entertainment leader we are today.
  • Egon, Stephen, and the broader Silver Lake team have been and will continue to be phenomenal partners in Endeavor’s journey, and we look forward to the road ahead.”
    Stephen Evans, Managing Director of Silver Lake and a Director of Endeavor, said: “The team at Silver Lake is proud of our longstanding partnership with Endeavor, marked by more than $3.5 billion of direct investment across six distinct transactions over 12 years.

PENDULUM® Announces the Branding of its Strategic Advisory Services with the Launch of Pendulum Sports & Entertainment

Retrieved on: 
Thursday, March 14, 2024
Content Marketing, General Sports, Sports, Entertainment, Consulting, Advertising, Communications, Professional Services, General Entertainment, MSD, EPL, Negotiation, Culture, Sport, BDT, Partnership, Branding, LLP, Athlete, MLS, NWSL, MLB, Ecosystem, Partner, Holding, NBA, Family, Reinforcement learning

Pendulum Holdings, LLC (“Pendulum”), a strategic investment and advisory platform, today announced the launch of Pendulum Sports & Entertainment LLC (“PSE”), a dedicated team of senior professionals within Pendulum that provides trusted, strategic advisory services to a formidable generation of brand owners building businesses and partnerships that move and lead culture.

Key Points: 
  • Pendulum Holdings, LLC (“Pendulum”), a strategic investment and advisory platform, today announced the launch of Pendulum Sports & Entertainment LLC (“PSE”), a dedicated team of senior professionals within Pendulum that provides trusted, strategic advisory services to a formidable generation of brand owners building businesses and partnerships that move and lead culture.
  • PSE serves as a transformative bridge between its clients’ brands and their most significant business ambitions and endeavors.
  • Founded in 2019 by D’Rita and Robbie Robinson, Pendulum seeks to reimagine how great companies are built and redefine who gets to build them.
  • “The launch of PSE demonstrates continued momentum in our business and is a significant milestone for Pendulum.

Josh Harris & David Blitzer Launch Unrivaled Sports And Take Significant, Strategic Investment From The Chernin Group

Retrieved on: 
Wednesday, March 27, 2024
MSD, Friends, Nike (company), Peter Chernin, Sport, Learning, BDT, Philosophy, Partnership, Baseball, SpringHill Company, TCG (company), Growth, Athlete, Blitzer, Campion, LA28, Real Salt Lake, Investment, Baseball Factory, Paralympic Games, TCG, Family, UCLA, Olympic Gold, Hall

NEW YORK, March 27, 2024 /PRNewswire/ -- Josh Harris and David Blitzer announced today the formation of Unrivaled Sports, the new parent company for their growing portfolio of youth sports properties. As part of the announcement, The Chernin Group ("TCG"), a multi-stage investment firm dedicated to building consumer businesses, completed a significant strategic investment in Unrivaled Sports. Andy Campion, former Chief Operating Officer of Nike, Inc. and long-time Disney executive, has been named Unrivaled Sports' Chairman of the Board. Through its 12 owned and operated facilities, Unrivaled Sports welcomes more than 550,000 athletes and 1.1 million attendees annually.

Key Points: 
  • As part of the announcement, The Chernin Group ("TCG"), a multi-stage investment firm dedicated to building consumer businesses, completed a significant strategic investment in Unrivaled Sports.
  • Andy Campion, former Chief Operating Officer of Nike, Inc. and long-time Disney executive, has been named Unrivaled Sports' Chairman of the Board.
  • Through its 12 owned and operated facilities, Unrivaled Sports welcomes more than 550,000 athletes and 1.1 million attendees annually.
  • "Through Unrivaled Sports, we're not just investing in sports; we're investing in future generations by making sports more inclusive and accessible in communities across the nation," Harris said.

ACE Money Transfer Announces Its Much-Anticipated Salam Bangladesh Campaign with Bigger Prizes This Ramadan

Retrieved on: 
Wednesday, March 27, 2024
Transfer, World Bank Group, World Bank, BDT

This promotion is open to all customers who will send money to Bangladesh through ACE Money Transfer throughout Ramadan 2024.

Key Points: 
  • This promotion is open to all customers who will send money to Bangladesh through ACE Money Transfer throughout Ramadan 2024.
  • ACE Money Transfer has stepped forward to promote the use of regulated channels to drive increased remittance inflows to Bangladesh.
  • Customers can win the said prizes by sending remittances to Bangladesh via ACE Money Transfer throughout Ramadan 2024.
  • Mr Rashid Ashraf, CEO of ACE Money Transfer, says, "We stand committed to empowering Bangladeshi overseas workers through cutting-edge digital remittance solutions.

ACE Money Transfer Announces Its Much-Anticipated Salam Bangladesh Campaign with Bigger Prizes This Ramadan

Retrieved on: 
Wednesday, March 27, 2024
Transfer, World Bank Group, World Bank, BDT

This promotion is open to all customers who will send money to Bangladesh through ACE Money Transfer throughout Ramadan 2024.

Key Points: 
  • This promotion is open to all customers who will send money to Bangladesh through ACE Money Transfer throughout Ramadan 2024.
  • ACE Money Transfer has stepped forward to promote the use of regulated channels to drive increased remittance inflows to Bangladesh.
  • Customers can win the said prizes by sending remittances to Bangladesh via ACE Money Transfer throughout Ramadan 2024.
  • Mr Rashid Ashraf, CEO of ACE Money Transfer, says, "We stand committed to empowering Bangladeshi overseas workers through cutting-edge digital remittance solutions.

CENTA brings International Teaching Professionals’ Olympiad to Bangladesh

Retrieved on: 
Saturday, February 17, 2024
Software, Internet, Other Education, Technology, University, Primary, Secondary, Education, Training, International, Olympiad, Oxford University Press, UCSC, World Economic Forum, Learning, Crest, Faculty, School, Certification, Scientist, BDT, Accreditation, Partnership, Tutoring

Centre for Teacher Accreditation, CENTA, the world’s largest platform for teachers, is proud to bring the CENTA International Teaching Professionals’ Olympiad (International TPO) to Bangladesh.

Key Points: 
  • Centre for Teacher Accreditation, CENTA, the world’s largest platform for teachers, is proud to bring the CENTA International Teaching Professionals’ Olympiad (International TPO) to Bangladesh.
  • To encourage teachers from Bangladesh to invest in their own learning and professional growth, CENTA has announced additional Cash Prizes worth BDT 100,000 for the Bangladesh-CENTA International TPO, with the national prelims scheduled to be held online on Saturday, March 23, 2024.
  • The finals of International TPO will be held in April 2024 and award Cash Prizes and Scholarships worth BDT 2,600,000.
  • Ramya Venkataraman, Founder and CEO, CENTA says, “Bringing the CENTA International Teaching Professionals’ Olympiad to Bangladesh is about enabling high growth career trajectory for great teachers through local and global career opportunities, financial rewards, and recognition.

Beyond Type 1 Announces New Board Members and Executive Team

Retrieved on: 
Thursday, February 15, 2024
MSD, Type 1, Diabetes, SAN, Marketing, Yahoo!, 1Life Healthcare, American Heart Association, Education, The Recording Academy, Growth, Empowerment, Sports marketing, Activision Blizzard, Beyond, Sport, ESPN, Diagnosis, Priyanka Chopra, BDT, MGM Resorts International, Management

SAN MATEO, Calif., Feb. 15, 2024 /PRNewswire/ -- Beyond Type 1 today announced three new board members and four new executives to lead the organization as it grows its program, community, and partner network in 2024.

Key Points: 
  • "Their diverse expertise and unwavering dedication to serving people with diabetes will be instrumental in driving our initiatives forward.
  • They each share an important passion and personal connection to the work of Beyond Type 1."
  • The new members of Beyond Type 1's Board of Directors comprise a diverse set of senior leaders across multiple industries who are all united in their commitment to fighting diabetes.
  • Beyond Type 1 also welcomed four accomplished executives to its leadership team , bringing decades of combined expertise across healthcare, technology, marketing, creative, and operations.

SP Plus Stockholders Approve Merger With Metropolis Technologies

Retrieved on: 
Monday, February 12, 2024
Slate, MSD, SP, SP Plus Corporation, Plan, Metropolis, Special, Second request, Willkie Farr & Gallagher, DOJ, BDT, Agreement, Sub

CHICAGO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- SP Plus Corporation (“SP+”) (NASDAQ: SP) today announced that at its special meeting of stockholders held on February 9, 2024 (the “Special Meeting”), SP+ stockholders voted to approve the previously announced Agreement and Plan of Merger, dated as of October 4, 2023, by and among Metropolis Technologies, Inc. (“Metropolis”), Schwinger Merger Sub Inc., a direct, wholly owned subsidiary of Metropolis (“Merger Sub”) and SP+ (the “Merger Agreement”), pursuant to which Merger Sub will merge with and into SP+ (the “Merger”), with SP+ surviving the Merger as a wholly owned subsidiary of Metropolis.

Key Points: 
  • CHICAGO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- SP Plus Corporation (“SP+”) (NASDAQ: SP) today announced that at its special meeting of stockholders held on February 9, 2024 (the “Special Meeting”), SP+ stockholders voted to approve the previously announced Agreement and Plan of Merger, dated as of October 4, 2023, by and among Metropolis Technologies, Inc. (“Metropolis”), Schwinger Merger Sub Inc., a direct, wholly owned subsidiary of Metropolis (“Merger Sub”) and SP+ (the “Merger Agreement”), pursuant to which Merger Sub will merge with and into SP+ (the “Merger”), with SP+ surviving the Merger as a wholly owned subsidiary of Metropolis.
  • Under the terms of the Merger Agreement, SP+ stockholders will be entitled to receive $54.00 per share in cash, without interest and subject to any required tax withholding, at the closing of the Merger.
  • Approval by SP+’s stockholders satisfies one of the conditions necessary for completion of the Merger.
  • SP+ and Metropolis will continue to cooperate fully with the DOJ in its review.

AUBERGE RESORTS COLLECTION ANNOUNCES STRATEGIC PARTNERSHIP WITH BDT & MSD PARTNERS

Retrieved on: 
Thursday, February 1, 2024
MSD, Partnership, Growth, Life, BDT, Collection, Gulf States Toyota Distributors, Investment, Dan Friedkin

MILL VALLEY, Calif., Feb. 1, 2024 /PRNewswire/ -- The Friedkin Group announced today that the company has entered into a strategic partnership with BDT & MSD Partners ("BDT & MSD"), a merchant bank built to serve the distinct needs of business owners and strategic, long-term investors. BDT & MSD, through its affiliated hospitality investment vehicle, will make a minority investment in Auberge Resorts Collection, the manager of the award-winning portfolio of luxury hotels, resorts, residences and private clubs set in some of the world's most desirable locations. In addition, BDT & MSD's hospitality vehicle intends to invest significant capital towards acquiring and developing luxury hotel and residential assets that will be branded and managed by Auberge Resorts Collection.

Key Points: 
  • MILL VALLEY, Calif., Feb. 1, 2024 /PRNewswire/ -- The Friedkin Group announced today that the company has entered into a strategic partnership with BDT & MSD Partners ("BDT & MSD"), a merchant bank built to serve the distinct needs of business owners and strategic, long-term investors.
  • BDT & MSD, through its affiliated hospitality investment vehicle, will make a minority investment in Auberge Resorts Collection , the manager of the award-winning portfolio of luxury hotels, resorts, residences and private clubs set in some of the world's most desirable locations.
  • In addition, BDT & MSD's hospitality vehicle intends to invest significant capital towards acquiring and developing luxury hotel and residential assets that will be branded and managed by Auberge Resorts Collection.
  • The partnership reflects BDT & MSD's belief in Auberge Resorts Collection's unique brand positioning and focus on creating one-of-a-kind luxury hospitality experiences.