Davidson Kempner Capital Management

Ashland Place Wins "Structured Finance Deal of the Year" Award from Airline Economics

Retrieved on: 
Tuesday, February 6, 2024

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced that it has received the "Structured Finance Deal of the Year" award by Airline Economics, the leading and largest finance and leasing global publication for the aviation sector. As part of the publication's annual Aviation 100 Global Leaders Awards, this selection recognized Ashland Place's first aviation loan asset-backed securitization (ABS), APL Finance 2023-1.

Key Points: 
  • NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced that it has received the "Structured Finance Deal of the Year" award by Airline Economics, the leading and largest finance and leasing global publication for the aviation sector.
  • As part of the publication's annual Aviation 100 Global Leaders Awards , this selection recognized Ashland Place's first aviation loan asset-backed securitization (ABS), APL Finance 2023-1.
  • Jennifer Villa, Executive Director & Group Head at Ashland Place, and Gregory Feldman, Partner at Davidson Kempner Capital Management LP, accepted the "Structured Finance Deal of the Year" award at a ceremony in Dublin on January 29.
  • "We thank Airline Economics for establishing an awards program that spotlights and celebrates all the innovation and creativity across the aviation sector.

Travelport Completes New Equity Financing

Retrieved on: 
Wednesday, January 3, 2024

LANGLEY, UK, Jan. 3, 2024 /PRNewswire/ -- Travelport (the "Company"), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that it has completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested $570 million in new equity into the Company.

Key Points: 
  • LANGLEY, UK, Jan. 3, 2024 /PRNewswire/ -- Travelport (the "Company"), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that it has completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested $570 million in new equity into the Company.
  • It also positions Travelport to continue investing in its technology platforms and innovating new, exceptional ways for the travel industry to serve its customers.
  • "The completion of Travelport's previously announced financing transaction represents the strong belief our investors have in our competitive position and potential for long-term growth," said Greg Webb, Chief Executive Officer of Travelport.
  • "Our new financing allows us to continue to innovate, enhance and deliver the best-in-class technology our partners have come to expect from us.

Biora Therapeutics Accelerates Debt Reduction and Raises Capital with Large Institutional Investors

Retrieved on: 
Monday, December 18, 2023

SAN DIEGO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Biora Therapeutics, Inc. (Nasdaq: BIOR), the biotech company that is reimagining therapeutic delivery, today announced an agreement with institutional investors Athyrium Capital Management, Davidson Kempner Capital Management, and Highbridge Capital Management to reduce the company’s net debt by 60% through a convertible note exchange which also brings $16.7 million in new capital.

Key Points: 
  • SAN DIEGO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Biora Therapeutics, Inc. (Nasdaq: BIOR), the biotech company that is reimagining therapeutic delivery, today announced an agreement with institutional investors Athyrium Capital Management, Davidson Kempner Capital Management, and Highbridge Capital Management to reduce the company’s net debt by 60% through a convertible note exchange which also brings $16.7 million in new capital.
  • Between the note exchange implemented in September and today’s transaction, we achieved a 75% overall reduction in net debt.
  • This represents substantial progress toward our goal to optimize our capital structure to align with the current company profile,” said Eric d’Esparbes, Chief Financial Officer of Biora Therapeutics.
  • “The additional capital investment from three established institutional investors demonstrates continued support for our innovative technologies.

KBRA Assigns Preliminary Ratings to APL Finance 2023-1 Designated Activity Company

Retrieved on: 
Friday, December 8, 2023

KBRA assigns preliminary ratings to four series of notes issued by APL Finance 2023-1 Designated Activity Company and APL Finance 2023-1 LLC (together, Ashland 2023-1), an aviation loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four series of notes issued by APL Finance 2023-1 Designated Activity Company and APL Finance 2023-1 LLC (together, Ashland 2023-1), an aviation loan ABS transaction.
  • Ashland 2023-1 represents the inaugural aviation loan ABS transaction that is sponsored and serviced by Ashland Place Finance LLC (APL or the Company).
  • The Company is owned by Davidson Kempner Capital Management LP (DKCM), and, together with DKCM, is comprised of over 500 individuals operating out of seven offices with headquarters in New York City.
  • Proceeds from the Notes will be used to acquire a portfolio of 11 loan facilities (the Facilities) comprised of 26 loans (the Assets, and together with the Facilities, the Portfolio).

Travelport Investors Commit $570 Million in New Equity Financing to Bolster Capital Structure and Accelerate Long-Term Growth and Innovation

Retrieved on: 
Monday, December 4, 2023

LANGLEY, United Kingdom, Dec. 4, 2023 /PRNewswire/ -- Travelport Worldwide Limited ("Travelport" or the "Company"), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that a group of its existing equity holders and lenders have agreed to invest $570 million of new equity financing into the Company. The new financing will give Travelport a robust capital structure, enable further investment into Travelport's technology platforms and pave the way for other innovations to deliver new and exceptional ways for the travel industry to serve customers.

Key Points: 
  • The new financing will give Travelport a robust capital structure, enable further investment into Travelport's technology platforms and pave the way for other innovations to deliver new and exceptional ways for the travel industry to serve customers.
  • The new investment in Travelport is being made pursuant to an agreement that will significantly deleverage and strengthen the Company's balance sheet (the "Transaction").
  • Following completion of the Transaction, Travelport will have a new ownership structure composed of Travelport's existing equity and credit investors, including Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners, Siris Capital and other leading institutional investors.
  • "This investment demonstrates our investors' support for Travelport and will advance our mission to reinvent a better future for the travel industry," said Greg Webb, Chief Executive Officer of Travelport.

LendingClub Bank Crosses $1 Billion Personal Loans Sold Through Its Structured Loan Certificates Program

Retrieved on: 
Thursday, November 9, 2023

SAN FRANCISCO, Nov. 9, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, today announced it crossed $1 billion of personal loans sold through its Structured Loan Certificates Program ("SLCLC Program"). The company anticipates approximately $2 billion dollars of loan volume through the SLCLC Program over the next 6 months as it continues to scale. 

Key Points: 
  • Davidson Kempner Capital Management LP, Atalaya Capital Management, Nelnet, Inc. and Värde Partners Join Growing list of Marketplace Loan Investors Seeking Competitive Yield
    SAN FRANCISCO, Nov. 9, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, today announced it crossed $1 billion of personal loans sold through its Structured Loan Certificates Program ("SLCLC Program").
  • LendingClub's Structured Loan Certificates Program is a two-tranche private securitization in which LendingClub retains the senior note and sells the residual certificate on a pool of loans to a marketplace investor at a predetermined price, effectively providing built-in financing.
  • This structure, developed by LendingClub and enabled by its marketplace bank model, delivers a transaction that benefits both marketplace investors and LendingClub.
  • "The Structured Loan Certificates program provides us both efficient leverage and scalable access to personal loans from a provider of choice in the asset class.

SpareBox Storage Appoints Industry Veteran Kate Matheny Chief Executive Officer

Retrieved on: 
Tuesday, September 5, 2023

SpareBox Storage, the leading remote-managed operator in the self-storage industry, today appointed industry veteran, Kate Matheny as Chief Executive Officer.

Key Points: 
  • SpareBox Storage, the leading remote-managed operator in the self-storage industry, today appointed industry veteran, Kate Matheny as Chief Executive Officer.
  • Matheny was previously Chief Financial and Chief Investment Officer of the Company.
  • SpareBox also named co-founder Chuck James as President and Chief Operating Officer.
  • James was Chief Executive Officer and Matheny was chief financial officer of an operator of self-storage properties with a 200-store portfolio in the Midwest and Southeast.

Davidson Kempner Capital Management Announces the Signing for the Sale of Prelios S.p.A.

Retrieved on: 
Friday, August 11, 2023

NEW YORK and LONDON, Aug. 11, 2023 /PRNewswire/ -- Davidson Kempner Capital Management LP ("Davidson Kempner"), a global investment management firm, announces the signing of a binding agreement with X3 Group ("X3"), a subsidiary of ION, for the sale of Prelios S.p.A. ("Prelios").

Key Points: 
  • NEW YORK and LONDON, Aug. 11, 2023 /PRNewswire/ -- Davidson Kempner Capital Management LP ("Davidson Kempner"), a global investment management firm, announces the signing of a binding agreement with X3 Group ("X3"), a subsidiary of ION, for the sale of Prelios S.p.A. ("Prelios").
  • Established in 1990 in Milan, Italy, Prelios is the Italian leader in alternative asset management, servicing and specialized property services with more than €40bn of assets under management across non-performing loans, unlikely-to-pay exposures and real estate funds.
  • Since investment funds advised by Davidson Kempner acquired the business in 2018, Prelios has been able to grow its revenue from €100m to over €300m while significantly improving profitability.
  • Goldman Sachs International acted as financial advisor and Linklaters LLP provided legal advice to Davidson Kempner.

Davidson Kempner Capital Management Announces the Signing for the Sale of Prelios S.p.A.

Retrieved on: 
Friday, August 11, 2023

NEW YORK and LONDON, Aug. 11, 2023 /PRNewswire/ -- Davidson Kempner Capital Management LP ("Davidson Kempner"), a global investment management firm, announces the signing of a binding agreement with X3 Group ("X3"), a subsidiary of ION, for the sale of Prelios S.p.A. ("Prelios").

Key Points: 
  • NEW YORK and LONDON, Aug. 11, 2023 /PRNewswire/ -- Davidson Kempner Capital Management LP ("Davidson Kempner"), a global investment management firm, announces the signing of a binding agreement with X3 Group ("X3"), a subsidiary of ION, for the sale of Prelios S.p.A. ("Prelios").
  • Established in 1990 in Milan, Italy, Prelios is the Italian leader in alternative asset management, servicing and specialized property services with more than €40bn of assets under management across non-performing loans, unlikely-to-pay exposures and real estate funds.
  • Since investment funds advised by Davidson Kempner acquired the business in 2018, Prelios has been able to grow its revenue from €100m to over €300m while significantly improving profitability.
  • Goldman Sachs International acted as financial advisor and Linklaters LLP provided legal advice to Davidson Kempner.

Davidson Kempner and One33 launch Thaleia, a European platform dedicated to the energy transition

Retrieved on: 
Friday, May 5, 2023

MILAN,, May 5, 2023 /PRNewswire/ -- Davidson Kempner Capital Management LP ("Davidson Kempner"), a global investment management firm, and One33 SpA ("One33"), a key operating partner for Italy, announce the launch of Thaleia, a dedicated energy transition infrastructure platform, with a strong focus on supporting national and European energy security and resilience.

Key Points: 
  • Thaleia will support the energy transition and the national energy security also  through acquisitions, building on its initial focus on gas
    MILAN,, May 5, 2023 /PRNewswire/ -- Davidson Kempner Capital Management LP ("Davidson Kempner"), a global investment management firm, and One33 SpA ("One33"), a key operating partner for Italy, announce the launch of Thaleia, a dedicated energy transition infrastructure platform, with a strong focus on supporting national and European energy security and resilience.
  • Thaleia's establishment follows Davidson Kempner's acquisition, with One33's support, of the "Cugno le Macine Stoccaggio" natural gas storage concession in Basilicata.
  • Thaleia's main objective is to build an energy and infrastructure platform on a European scale with a particular focus on the Mediterranean region.
  • This approach has been successfully implemented by Davidson Kempner in the energy transition space before, most notably with Nature Energy, a Danish company that was previously owned by several municipalities and which has since become a world leader in biomethane production.