Sculptor Capital Management

Scott Macklin Joins Obra Capital as Head of US Leveraged Finance

Retrieved on:

Thursday, January 4, 2024

NEW YORK, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Obra Capital, Inc. (“Obra”), an asset management firm with a specialized approach to alternative investing, today announced that Scott Macklin has been appointed Head of US Leveraged Finance. In this role, Macklin will be responsible for managing Obra’s CLO management platform, including driving investment strategy and portfolio construction, deal sourcing and execution, risk management and market research. Macklin will be based in New York and report to Peter Polanskyj, Head of Structured Credit.

Key Points:

NEW YORK, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Obra Capital, Inc. (“Obra”), an asset management firm with a specialized approach to alternative investing, today announced that Scott Macklin has been appointed Head of US Leveraged Finance.
Macklin will be based in New York and report to Peter Polanskyj, Head of Structured Credit.
Earlier in his career, Macklin held senior roles at Scoggin Capital Management and Marathon Asset Management, and he began his career at Lehman Brothers.
Macklin holds a Bachelor of Arts double major in Economics and Philosophy from Middlebury College, where he graduated Magna Cum Laude.

Lands’ End Announces New Term Loan

Retrieved on:

Tuesday, January 2, 2024

Growth, Interest, Perella Weinberg Partners, ABL, Sculptor Capital Management, Lands' End, JPMorgan Chase, Bank

DODGEVILLE, Wis., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Lands' End, Inc. (NASDAQ: LE) today announced that it has entered into a new term loan of $260 million. The loan proceeds were used to refinance the Company’s existing term loan well ahead of its maturity in September 2025. The loan is secured by a first lien on all non-ABL assets and a second lien on all ABL assets. Interest is payable monthly at an initial rate of 8.25% per annum plus the greater of SOFR or 2.0%. The initial rate is subject to a reduction to 8.00% and 7.75% based on the Company’s debt and EBITDA levels. Amortization is payable quarterly at 1.25% of original principal amount. The loan matures in December 2028.

Key Points:

DODGEVILLE, Wis., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Lands' End, Inc. (NASDAQ: LE) today announced that it has entered into a new term loan of $260 million.
The loan proceeds were used to refinance the Company’s existing term loan well ahead of its maturity in September 2025.
The loan is secured by a first lien on all non-ABL assets and a second lien on all ABL assets.
Interest is payable monthly at an initial rate of 8.25% per annum plus the greater of SOFR or 2.0%.

Crystal Capital Partners Further Institutionalizes Advisory Board with Alternatives Industry Veteran

Retrieved on:

Tuesday, October 24, 2023

Knowledge, Goldman Sachs, Sculptor Capital Management, Advisory board, Growth, Sculpture, Capitalization, Investment, Mental health, Cryptocurrency, Financial services, Crystal

MIAMI, Oct. 24, 2023 /PRNewswire/ -- Crystal Capital Partners ("Crystal"), a leading wealth-tech provider and turn-key alternative investment platform, is pleased to announce the addition of Lee Minton, former Sculptor Capital Management's Global Head of the Client Partner Group, to its Advisory Board.

Key Points:

MIAMI, Oct. 24, 2023 /PRNewswire/ -- Crystal Capital Partners ("Crystal"), a leading wealth-tech provider and turn-key alternative investment platform, is pleased to announce the addition of Lee Minton, former Sculptor Capital Management's Global Head of the Client Partner Group, to its Advisory Board.
Mr. Minton first began his early career at Goldman Sachs before joining Sculptor Capital Management, a $33 billion global alternative investment manager.
Mr. Minton was a 14-year veteran at Sculptor, where he led the firm's capital formation and investor relations initiatives.
Lee is exceptionally well-respected in the industry, and his alternatives knowledge and experience will help us to further institutionalize our investment committee process and ensure our platform's offerings are truly industry leading."

Sculptor Capital’s Special Committee Responds to Dan Och’s Baseless Litigation

Retrieved on:

Wednesday, October 18, 2023

Asset Management, Professional Services, Finance, Sculptor Capital Management, Delaware Court of Chancery, Special, Film industry, Property management, Audit

Sculptor Capital Management, Inc.’s Special Committee of its Board of Directors today issued the following statement in response to a complaint filed in Delaware Chancery Court by Daniel S. Och, Harold Kelly, Richard Lyon, James O’Connor, and Zoltan Varga.

Key Points:

Sculptor Capital Management, Inc.’s Special Committee of its Board of Directors today issued the following statement in response to a complaint filed in Delaware Chancery Court by Daniel S. Och, Harold Kelly, Richard Lyon, James O’Connor, and Zoltan Varga.
“The Special Committee’s role is to recommend the transaction that it believes is in the best interest of stockholders, based on price and certainty of closing.
Contrary to Dan Och’s assertions in the baseless lawsuit filed today that he too seeks to act in the best interest of stockholders, his ongoing campaign against the company, including his conduct throughout the Special Committee’s process, has cost stockholders significant value.
His complaint is replete with materially misleading statements, and Sculptor intends to vigorously defend itself.”

Lincoln Financial Group Names Tina Madon as Senior Vice President, Head of Investor Relations

Retrieved on:

Tuesday, October 17, 2023

Lincoln Financial Group (NYSE: LNC) announced today that Tina Madon has been named senior vice president (SVP), Head of Investor Relations.

Key Points:

Lincoln Financial Group (NYSE: LNC) announced today that Tina Madon has been named senior vice president (SVP), Head of Investor Relations.
She will report to Chris Neczypor, executive vice president, Chief Financial Officer and will become part of the company’s corporate leadership group, effective Oct. 25.
Earlier in her career, she served as managing director, Head of Public Markets Investor and Creditor Relations at Och-Ziff Capital Management Group, where she led successful investor and creditor relations programs and critical financial efforts.
Prior to that, Madon spent nearly a decade at Merrill Lynch, leading global corporate and finance efforts related to operational efficiencies and investor relations.

Toll Brothers City Living Announces Two Decorated Models Are Now Open to Tour at The Rockwell

Retrieved on:

Wednesday, October 4, 2023

Columbia University, Toll Brothers, Life, Marketing, Mary Rockwell Hook, Whitehall, 103rd Street, Titanium, Rockwell, Collection, Sun, Broadway, SCU, System, NYSE, Sculptor Capital Management, Interior design, Self storage

Located at the corner of 103rd Street and Broadway on Manhattan’s Upper West Side, The Rockwell offers 81 luxury condominiums and a full complement of exceptional amenities.

Key Points:

Located at the corner of 103rd Street and Broadway on Manhattan’s Upper West Side, The Rockwell offers 81 luxury condominiums and a full complement of exceptional amenities.
“We’re excited to unveil these new decorated models and truly allow our homebuyers to get a feel for what life will be like in their new homes,” said David Von Spreckelsen, President of Toll Brothers City Living.
Building completion is slated for early 2024 with sales and marketing by Toll Brothers City Living.
For more information about The Rockwell, please visit therockwellnyc.com or call (212) 981-8580.

SHAREHOLDER NEWS: Johnson Fistel Investigates Proposed Sale of Sculptor Capital Management and Why Higher Bids Were Not Accepted

Retrieved on:

Thursday, September 21, 2023

Learning, LLP, SCU, Acquisition, Bloomberg, NYSE, SAN, Sculptor Capital Management, Sale, Security (finance)

Under the terms of this agreement, shareholders will receive $11.15 per share in an all-cash offer.

Key Points:

Under the terms of this agreement, shareholders will receive $11.15 per share in an all-cash offer.
On August 21, 2023, Bloomberg reported that Sculptor received multiple takeover bids that were higher than the $639 million offer it ultimately accepted from Rithm Capital last month.
The investigation concerns whether the Sculptor board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Sculptor shares of common stock.
If you are a shareholder of Sculptor and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker ( [email protected] ) at 619-814-4471.

SHAREHOLDER ALERT: Planned Mergers of Veritiv and Sculptor Capital Under Investigation Headed by Johnson Fistel

Retrieved on:

Thursday, September 14, 2023

Learning, LLP, SCU, Veritiv, Acquisition, NYSE, SAN, Sculptor Capital Management, Sale, Property management

Additionally, you can click or copy and paste the following links for more information:

Key Points:

Additionally, you can click or copy and paste the following links for more information:
There is no cost or obligation to you.
First, the investigation includes determining whether the board obtained the best price possible for the company’s shares of common stock.
Finally, the investigation concerns whether the company’s board adequately pursued alternatives to the proposed acquisition.
Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.

Moore Kuehn Encourages SCU, TWNK, AVTA, and DM Investors to Contact Law Firm

Retrieved on:

Wednesday, September 13, 2023

PLLC, Sculptor Capital Management, Wall Street, Cetera Financial Group, Hostess Brands, Fraud, Desktop Metal, Security (finance), Bank, Stratasys

Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.

Key Points:

Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.
Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq.
Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Moore Kuehn is a 5-star Google client-rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims.

Kaskela Law LLC Announces Investigation of Sculptor Capital Management, Inc. (NYSE: SCU) Buyout and Seeks Additional Cash for SCU Shareholders

Retrieved on:

Thursday, September 7, 2023

Sculptor Capital Management, SCU, Acquisition, Credit, NYSE, Credit Suisse, Security (finance)

PHILADELPHIA, Pa., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the recently announced proposed stockholder buyout of Sculptor Capital Management, Inc. (NYSE: SCU) (“Sculptor”) on behalf of the company’s shareholders.

Key Points:

PHILADELPHIA, Pa., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the recently announced proposed stockholder buyout of Sculptor Capital Management, Inc. (NYSE: SCU) (“Sculptor”) on behalf of the company’s shareholders.
On July 24, 2023, Sculptor announced that it would be acquired by Rithm Capital Corp. at a price of $11.15 per share in cash.
Following the closing of the proposed transaction, Sculptor shareholders will be cashed out of their investment position.
Sculptor shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.