Foley & Lardner

Novacap Announces Digital Infrastructure Fund’s Strategic Partnership with INdigital

Retrieved on: 
Thursday, March 7, 2024

Founded in 1995 by 9 Indiana, Ohio, and Michigan local exchange telephone companies, INdigital is a leader in developing Next Generation 9-1-1 services.

Key Points: 
  • Founded in 1995 by 9 Indiana, Ohio, and Michigan local exchange telephone companies, INdigital is a leader in developing Next Generation 9-1-1 services.
  • “Novacap is proud to partner with INdigital, a leader in the essential field of Next Generation 9-1-1 services, underscoring our commitment to mission-critical technologies that enhance public safety,” said François Laflamme, Senior Partner at Novacap.
  • We are excited about the possibilities this partnership opens up for further innovation and our ability to deliver state-of-the-art, lifesaving technologies," said Mark Grady, Founder and CEO of INdigital.
  • Houlihan Lokey served as exclusive financial advisor and Dentons served as legal advisor to INdigital.

Momentous Announces Strategic Partnership With Humble Growth

Retrieved on: 
Thursday, February 29, 2024

Co-founders Jeff Byers and Erica Good will continue to lead Momentous together as CEO and President, respectively.

Key Points: 
  • Co-founders Jeff Byers and Erica Good will continue to lead Momentous together as CEO and President, respectively.
  • View the full release here: https://www.businesswire.com/news/home/20240229259662/en/
    Momentous has entered into a strategic partnership with Humble Growth (Photo: Business Wire)
    Established in 2018, Momentous is a mission-driven supplement and sports nutrition-focused brand.
  • “We were immediately drawn to Humble Growth and its partners’ exceptional track record in successfully operating and scaling nutrition and supplement companies.
  • “Humble Growth is honored and excited to partner with Momentous on its mission to democratize high performance for consumers,” said Peter Rahal, co-founder of Humble Growth.

Sandbrook Capital Commits up to $460 Million to rPlus Energies

Retrieved on: 
Thursday, February 22, 2024

Five years after its founding, rPlus Energies (“rPlus”), a leading private renewable energy developer, announced a platform-level partnership with Sandbrook Capital (“Sandbrook”), a private investment firm dedicated to transforming the world's energy infrastructure.

Key Points: 
  • Five years after its founding, rPlus Energies (“rPlus”), a leading private renewable energy developer, announced a platform-level partnership with Sandbrook Capital (“Sandbrook”), a private investment firm dedicated to transforming the world's energy infrastructure.
  • Sandbrook will invest up to $460 million in the platform alongside continued support from Gardner Group , the founding investor in rPlus and a leading commercial real estate company in the Mountain West.
  • “From the outset, it was evident that we share an execution-oriented and community-minded approach to business and project development,” said Luigi Resta, rPlus President and CEO.
  • “We believe rPlus has built one of the strongest development, construction, and operations teams in North America, as evidenced by their advanced portfolio of high-quality projects.

NACD Northern California Announces New Leadership Council to Help Shape Corporate Governance in the Region

Retrieved on: 
Wednesday, February 21, 2024

SAN FRANCISCO, Feb. 21, 2024 /PRNewswire/ -- Today, NACD Northern California (https://northerncalifornia.nacdonline.org/) announced its new leadership council, a group of key advisors and partners of NACD who will help shape the future of corporate governance within Northern California's board director community.

Key Points: 
  • SAN FRANCISCO, Feb. 21, 2024 /PRNewswire/ -- Today, NACD Northern California ( https://northerncalifornia.nacdonline.org/ ) announced its new leadership council, a group of key advisors and partners of NACD who will help shape the future of corporate governance within Northern California's board director community.
  • The NACD Northern California Leadership Council will bring together leaders from various industries who are experts in the world of corporate governance.
  • "We are delighted to form the NACD Northern California Leadership Council with such an experienced and thoughtful group of individuals from organizations that have made a commitment to lead in corporate governance," said Claudia Fan Munce, NACD Northern California's board chair.
  • Additionally, the council will curate virtual programming, exclusive dinners, and interviews to engage the local NACD community in these pivotal conversations.

Baker Tilly Secures Strategic Investment Led by Hellman & Friedman

Retrieved on: 
Monday, February 5, 2024

Leading advisory CPA firm Baker Tilly US, LLP (“Baker Tilly”) today announces a strategic investment from private equity firms Hellman & Friedman (“H&F”) and Valeas Capital Partners (“Valeas”).

Key Points: 
  • Leading advisory CPA firm Baker Tilly US, LLP (“Baker Tilly”) today announces a strategic investment from private equity firms Hellman & Friedman (“H&F”) and Valeas Capital Partners (“Valeas”).
  • The investment, estimated to close in early June 2024, recognizes Baker Tilly’s outstanding track record of value creation and marks the largest private equity investment in the US CPA sector to date.
  • Baker Tilly US, LLP will operate as a separate legal entity pursuant to regulatory and independence requirements.
  • Following the restructuring, both firms will remain partnerships, with all partners holding equity alongside H&F and Valeas in Baker Tilly Advisory Group, LP.

Talented Students Reflect on Messages of Hope Inspired by Dr. King at Foley’s Annual MLK Jr. Oratory Competition

Retrieved on: 
Saturday, January 13, 2024

Marsalis Elementary, earned first place in the 32nd annual Foley MLK Jr. Oratory Competition, held at McFarlin Auditorium at Southern Methodist University on the same stage Dr. King once stood and gave a speech in 1966.

Key Points: 
  • Marsalis Elementary, earned first place in the 32nd annual Foley MLK Jr. Oratory Competition, held at McFarlin Auditorium at Southern Methodist University on the same stage Dr. King once stood and gave a speech in 1966.
  • At all levels of the competition, students are judged on their delivery, stage presence and decorum, content interpretation, and memorization.
  • The annual Foley MLK Jr. Oratory Competition was established in Dallas in 1993, which led to the creation of the Houston competition in 1997 and the Chicago event in 2020.
  • To learn more about Foley’s MLK Jr. Oratory Competition, click here .

Barnes Announces Sale of Associated Spring™ and Hänggi™ Businesses as Part of Continued Portfolio Optimization and Long-term Profitable Growth Strategy

Retrieved on: 
Thursday, January 11, 2024

The transaction is valued at $175 million, inclusive of a $15 million seller promissory note due in 24 months.

Key Points: 
  • The transaction is valued at $175 million, inclusive of a $15 million seller promissory note due in 24 months.
  • Hook concluded, “The combination of our recent MB Aerospace acquisition and this divestiture dramatically shifts Barnes’ portfolio toward markets with higher growth and margin opportunities.
  • Barnes leadership will provide additional details on the company’s Q4 and Full Year 2023 earnings call on February 16, 2024.
  • BofA Securities served as financial advisor and Foley & Lardner LLP served as legal counsel to Barnes.

Bain Capital Insurance Invests $200 Million Into GuideOne Insurance Company to Launch Innovative New Platform Dedicated to Mutuals

Retrieved on: 
Wednesday, December 20, 2023

The Mutual Group, an innovative new insurance platform serving the mutual industry, today announced its plans to launch with support from Bain Capital Insurance , the dedicated insurance investing unit of Bain Capital.

Key Points: 
  • The Mutual Group, an innovative new insurance platform serving the mutual industry, today announced its plans to launch with support from Bain Capital Insurance , the dedicated insurance investing unit of Bain Capital.
  • The Mutual Group is being created through Bain Capital Insurance’s acquisition of the operational platform1 of GuideOne Insurance Company (“GuideOne”), a leading niche-market mutual insurance carrier founded in 1947.
  • “We are proud to continue our team’s history of developing innovative solutions for the mutual insurance industry,” said Matt Popoli , Global Head of Bain Capital Insurance.
  • Kirkland & Ellis LLP served as legal advisor to Bain Capital Insurance on the transaction.

AEP SIGNS AGREEMENT TO SELL NEW MEXICO SOLAR ASSETS

Retrieved on: 
Tuesday, December 26, 2023

COLUMBUS, Ohio, Dec. 26, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has entered into an agreement to sell its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus).

Key Points: 
  • COLUMBUS, Ohio, Dec. 26, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has entered into an agreement to sell its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus).
  • AEP and PNM Resources, which also owns 50% of NMRD, plan to sell the portfolio of 15 solar projects totaling 625 megawatts (MW) to Exus for approximately $230 million subject to true-up adjustments at close.
  • The sale is expected to close in February 2024 and will not have a material impact on financial results.
  • AEP is investing $43 billion over the next five years to make the electric grid cleaner and more reliable.

NACD New England honors Waters Corp. and Devoted Health as Public and Private Company “Boards of the Year”

Retrieved on: 
Monday, December 18, 2023

The boards of directors of Waters Corp. (NYSE: WAT) and Devoted Health are being honored as, respectively, the Public and Private Company Boards of the Year.

Key Points: 
  • The boards of directors of Waters Corp. (NYSE: WAT) and Devoted Health are being honored as, respectively, the Public and Private Company Boards of the Year.
  • Waters , based in Milford, Mass., is a global leader in analytical instruments and software for the life, materials, food, and environmental sciences.
  • Devoted Health , of Waltham, Mass., is an all-in-one healthcare company for Medicare beneficiaries, delivering health insurance, access to high quality medical care, and a world-class service experience.
  • He also serves on the boards of Stonehill College and the New England Council and several advisory boards.