Actua Corporation

BETR ADDS $15 MILLION IN STRATEGIC EQUITY FINANCING TO FURTHER ACCELERATE ITS SPORTS GAMING AND MEDIA BUSINESSES

Retrieved on: 
Wednesday, March 6, 2024

MIAMI, March 6, 2024 /PRNewswire/ -- Betr Holdings, Inc. ("Betr") today announced it has closed $15 million in strategic equity financing from a premier group of investors at a $375 million valuation, bringing its total funding to date to $100 million. The round was co-led by Harmony Partners and 10x Capital, with participation from the company's three largest existing investors: Fuel Venture Capital, Aliya Capital Partners, and Roger Ehrenberg/Eberg Capital, alongside others. This round of financing comes off a highly successful 2023 for Betr, where the company reached a significant level of scale – both with respect to paying users and revenue – while doing so efficiently and profitably.     

Key Points: 
  • Betr has also officially received its temporary Indiana sports wagering license from the Indiana Gaming Commission in recent weeks.
  • Betr also recently announced that it has fortified its senior leadership team, hiring Dan Maas as Head of Media Revenue, Partnerships, and Strategy and hiring Andrew Winchell as Head of Government Affairs.
  • Dan will lead monetization efforts for Betr Media, positioning Betr's media arm to become a large bona fide revenue-generating business - in addition to the primary benefit Betr Media serves, which is to create unfair customer acquisition economics for Betr Gaming.
  • "We are thrilled to announce our strategic equity financing, new members of our senior leadership team, and the approval of our temporary Indiana sports wagering license," said Joey Levy, Founder and CEO of Betr.

W.W. Grainger, Inc. Names Chris Klein to its Board of Directors

Retrieved on: 
Wednesday, December 13, 2023

CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Grainger (NYSE: GWW), a leading broad line distributor of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced the appointment of Chris Klein to its Board of Directors, effective December 13, 2023.

Key Points: 
  • CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Grainger (NYSE: GWW), a leading broad line distributor of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced the appointment of Chris Klein to its Board of Directors, effective December 13, 2023.
  • "Chris is a committed, high-caliber leader with a proven track record of successfully running complex organizations," said D.G.
  • Mr. Klein holds a Bachelor of Business Administration in Finance from the University of Iowa and a Master of Business Administration from Northwestern University.
  • With this appointment, Grainger now has 13 members on its Board of Directors.

Tech, Media, Telecom Team From BlueSquare Joins Oberon Securities

Retrieved on: 
Monday, January 23, 2023

NEW YORK, Jan. 23, 2023 /PRNewswire-PRWeb/ -- The senior team from BlueSquare Capital, a boutique investment bank specializing in the technology, media and telecommunications industries, has joined Oberon Securities, an investment banking firm focused on middle market companies. The three BlueSquare professionals – Russ Crafton, Jeen Pae and Rob Dressler – have joined Oberon as Managing Directors. BlueSquare will continue operations as an affiliate of Oberon.

Key Points: 
  • The senior team from BlueSquare Capital, a boutique investment bank specializing in the technology, media and telecommunications industries, has joined Oberon Securities.
  • NEW YORK, Jan. 23, 2023 /PRNewswire-PRWeb/ -- The senior team from BlueSquare Capital, a boutique investment bank specializing in the technology, media and telecommunications industries, has joined Oberon Securities, an investment banking firm focused on middle market companies.
  • The three BlueSquare professionals – Russ Crafton, Jeen Pae and Rob Dressler – have joined Oberon as Managing Directors.
  • The Oberon TMT team, able to leverage the complementary skills and experience of other Oberon team members, can be a major asset to middle market companies in those industries."

Actua Announces Total Liquidating Distributions of $17.82 Per Share

Retrieved on: 
Monday, October 24, 2022

WAYNE, Pa., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Actua Corporation made a final liquidating distribution of $0.201 per share on October 21, 2022 bringing the total liquidating distributions to $17.82 per share as compared to the original guidance of between $15.69 to $16.96 per share.

Key Points: 
  • WAYNE, Pa., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Actua Corporation made a final liquidating distribution of $0.201 per share on October 21, 2022 bringing the total liquidating distributions to $17.82 per share as compared to the original guidance of between $15.69 to $16.96 per share.
  • Capital returned to shareholders through these liquidating distributions and share repurchases prior to the dissolution period totals approximately $730 million.
  • This final liquidating distribution concludes Actua Corporations periodic reporting under the Act and Actua will not make any additional liquidating distributions.

MSD Partners Announces Victor Hwang to Join as Co-Head of MSD Growth, the Firm's New Growth Investment Group

Retrieved on: 
Thursday, October 14, 2021

NEW YORK, Oct. 14, 2021 /PRNewswire/ -- MSD Partners, L.P. today announced that it has named Victor Hwang Managing Director and Co-Head of the investment firm's newly formed Growth investment business.

Key Points: 
  • NEW YORK, Oct. 14, 2021 /PRNewswire/ -- MSD Partners, L.P. today announced that it has named Victor Hwang Managing Director and Co-Head of the investment firm's newly formed Growth investment business.
  • MSD Growth will represent a new MSD core investing strategy, operating alongside its franchises in Credit, Real Estate and Private Capital.
  • "We are pleased to have Victor Hwang join the MSD team to co-head MSD Growth," said Gregg Lemkau, Chief Executive Officer of MSD Partners.
  • Additional information regarding MSD Partners may be found at msdpartners.com and regarding MSD Growth may be found at www.msdpartners.com/strategies/growth .

 Aries I Acquisition Corporation Adds Two New Board Members

Retrieved on: 
Wednesday, October 13, 2021

Aries I Acquisition Corporation (Nasdaq: RAM) ("Aries" or the "Company") announced the appointments of Mr. Aaron Ratner and Mr. Paul Wolfe to the Board of Directors.

Key Points: 
  • Aries I Acquisition Corporation (Nasdaq: RAM) ("Aries" or the "Company") announced the appointments of Mr. Aaron Ratner and Mr. Paul Wolfe to the Board of Directors.
  • Post-transaction service included appointment as Board Director and the Integration Manager (Interim COO) for several GE investments in the region.
  • Mr. Wolfe is currently the Chief Operating Officer for Aries I Acquisition Corporation.
  • Aries I Acquisition Corporation was founded by its Chairman, Thane Ritchie.

Actua Announces Liquidating Distribution

Retrieved on: 
Monday, February 3, 2020

BERWYN, Pa., Feb. 03, 2020 (GLOBE NEWSWIRE) -- Actua Corporation announced today that it will make a liquidating distribution of $0.75 per share to its stockholders of record as of February 4, 2020; payment of the liquidating distribution will be made on February 7, 2020.

Key Points: 
  • BERWYN, Pa., Feb. 03, 2020 (GLOBE NEWSWIRE) -- Actua Corporation announced today that it will make a liquidating distribution of $0.75 per share to its stockholders of record as of February 4, 2020; payment of the liquidating distribution will be made on February 7, 2020.
  • The aggregate distribution of approximately $24.0 million is being made in light of the recent receipt of cash related to the Companys disposition of its interests in minority holdings.
  • Actua intends to make one or more additional liquidating distributions to its stockholders as it monetizes its minority assets and satisfies liabilities; however, Actua cannot predict with certainty the amount and timing of any additional liquidating distributions.
  • Based on the information currently available to it, the Company now believes that the estimated additional distributions following the $0.75 liquidating distribution will be in the range of between $0.05 and $0.15 per share.