Sixth Street Partners

PayPal Announces Executive Leadership Changes

Retrieved on: 
Wednesday, November 15, 2023
GE Power, Corporation, Acquisition, SAN, General counsel, NBCUniversal, Vogue, CFO, EVP, PYPL, Social responsibility, Communication, Partner, American Express, Goldman Sachs, Ecosystem, GE Capital, Small business, PayPal, SoFi, Capital market, Strategy, Sixth Street Partners, Consumer, J.Crew, CMO, Corporate development, Environment, Growth, General Electric, Scoti, Credit, SVP, Structured finance, Online shopping, Management, Verizon Communications, Venmo, Partnership, Walmart, Intuit

SAN JOSE, Calif., Nov. 15, 2023 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced senior leadership changes that underscore the company's commitment to building a high-performing organization, serving its customers, and driving profitable growth. 

Key Points: 
  • SAN JOSE, Calif., Nov. 15, 2023 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced senior leadership changes that underscore the company's commitment to building a high-performing organization, serving its customers, and driving profitable growth.
  • Diego Scotti will join PayPal as EVP, General Manager of a newly formed Consumer Group and Global Marketing & Communications organization, effective December 4.
  • "I'm excited to welcome world-class leaders to PayPal who believe in our mission and have the expertise to help scale our global business."
  • As part of these leadership changes, PayPal veteran Frank Keller, has been appointed SVP, General Manager of PayPal's Large Enterprise and Merchant Platform Group, effective immediately.

STG Completes Acquisition of Avid Technology

Retrieved on: 
Tuesday, November 7, 2023
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BURLINGTON, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Avid Technology, Inc. (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced the completion of its acquisition by an affiliate of STG in an all-cash transaction valued at approximately $1.4 billion.

Key Points: 
  • BURLINGTON, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Avid Technology, Inc. (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced the completion of its acquisition by an affiliate of STG in an all-cash transaction valued at approximately $1.4 billion.
  • The acquisition was previously announced on August 9, 2023, and approved by Avid stockholders on November 2, 2023.
  • Goldman Sachs & Co. LLC served as financial advisor to Avid, and Sidley Austin LLP served as legal counsel to Avid.
  • Rothschild & Co. served as financial advisor to STG, and Paul Hastings LLP served as legal counsel to STG.

Cary Street Partners to Add Industry Veteran Matthew L. Rubin as Chief Investment Officer

Retrieved on: 
Thursday, November 2, 2023
Finance, Consulting, Banking, Professional Services, Asset Management, Morgan Stanley, Family, ETF, Research, Neuberger, Trust Company, Growth, Trust, Sixth Street Partners, Fiduciary Trust Company International, Partnership, Partner, Professional

Cary Street Partners today announced it has agreed to acquire AnchorCove Partners, a New York metro area firm, founded only a year ago by Matthew Rubin, an industry veteran.

Key Points: 
  • Cary Street Partners today announced it has agreed to acquire AnchorCove Partners, a New York metro area firm, founded only a year ago by Matthew Rubin, an industry veteran.
  • Mr. Rubin will serve as Chief Investment Officer of Cary Street Partners and will lead the firm’s wealth management solutions.
  • “We are pleased to be joining forces with Matt Rubin,” said Joseph R. Schmuckler, Chief Executive Officer of Cary Street Partners.
  • “I am very excited to join the team at Cary Street Partners,” stated Mr. Rubin.

ORIX USA Names Benjamin Wu as Head of East Coast for Growth Capital Business

Retrieved on: 
Wednesday, August 23, 2023
Asset Management, Professional Services, Finance, BAM, Sixth Street Partners, Growth capital, Software as a service, Partnership, University, Senior, Wharton School of the University of Pennsylvania, Space Solar Power Exploratory Research and Technology program, MBA, Harvard Law School, Orix, MSE, Investment, Corporate services, JD, Management, Principal, Longevity, ORIX, Software, Security (finance), Science, Engineering, Growth

ORIX Corporation USA (ORIX USA) today announced the appointment of Benjamin (Ben) Wu as Managing Director and Head of East Coast for its Growth Capital business.

Key Points: 
  • ORIX Corporation USA (ORIX USA) today announced the appointment of Benjamin (Ben) Wu as Managing Director and Head of East Coast for its Growth Capital business.
  • Mr. Wu is based in New York and will report to Jeff Bede, Head of Growth Capital.
  • In this new role, he will work closely with Bill Bishop, Managing Director, Growth Capital, and Mr. Bede to drive investments and the strategic development of ORIX USA’s Growth Capital business on the East Coast.
  • “There is increasing demand for growth capital from institutional investors and expanding our East Coast presence is a key growth initiative for us.

Avid Technology Enters into Definitive Agreement to Be Acquired by an Affiliate of STG for $1.4 Billion

Retrieved on: 
Wednesday, August 9, 2023
Music, Life, STG, Sixth Street Partners, Sidley Austin, Goldman Sachs, Sale, Organization, Rothschild & Co, Sport, News, Social media, Cryptocurrency, BURLINGTON

BURLINGTON, Mass., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that it has entered into a definitive agreement to be acquired by an affiliate of STG in an all-cash transaction valuing Avid at approximately $1.4 billion, inclusive of Avid’s net debt. Under the terms of the agreement, Avid stockholders will receive $27.05 in cash for each share of Avid common stock. The cash purchase price represents a premium of 32.1% over the Company’s unaffected closing share price on May 23, 2023, the last full trading day prior to media speculation regarding a potential sale of the Company.

Key Points: 
  • Under the terms of the agreement, Avid stockholders will receive $27.05 in cash for each share of Avid common stock.
  • Goldman Sachs & Co. LLC is serving as financial advisor to Avid, and Sidley Austin LLP is serving as legal counsel.
  • Rothschild & Co is serving as financial advisor to STG, and Paul Hastings LLP is serving as legal counsel to STG.
  • We continue to re-imagine the many ways editors, musicians, producers, journalists and other content creators will bring their stories to life.

New Effort Launches to Bring Professional Women's Soccer to Denver

Retrieved on: 
Tuesday, July 11, 2023
2022 San Diego Wave FC season, U.S. Women's National Team Players Association, National Women's Soccer League, Sixth Street Partners, FC, San Diego, Women's Super League, RSVP, Sports club, NWSL, Super League, City, Football, Nightclub, Sport

DENVER, July 11, 2023 /PRNewswire/ -- For Denver FC, a group of investors and community leaders passionate about women's soccer, announced its intention to bring professional women's soccer to Denver today. Denver supports all five major men's sports, two of them claiming championships in the past 12 months alone. Denver is one of the few major cities in America without a professional women's sports franchise.

Key Points: 
  • DENVER, July 11, 2023 /PRNewswire/ -- For Denver FC, a group of investors and community leaders passionate about women's soccer, announced its intention to bring professional women's soccer to Denver today.
  • Denver is one of the few major cities in America without a professional women's sports franchise.
  • The group is supported by a diverse group of individuals, businesses and investors passionate about bringing professional women's soccer to Colorado.
  • For Denver FC intends to submit a bid to join a Division One professional league by the end of 2023 and bring world class women's soccer to Colorado.

Rothschild & Co appoints Richard Hurowitz as Strategic Adviser in North America

Retrieved on: 
Thursday, July 6, 2023
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Rothschild & Co is pleased to announce that Richard Hurowitz has joined as a Strategic Adviser to the firm.

Key Points: 
  • Rothschild & Co is pleased to announce that Richard Hurowitz has joined as a Strategic Adviser to the firm.
  • Mr. Hurowitz will work with Lee LeBrun, Head of Global Advisory, North America, and Warner Mandel, Global Co-Head of Technology, Media and Telecoms.
  • He is also a strategic adviser to the Electrum Group and served as a senior adviser to TPG Sixth Street Partners.
  • “I am thrilled to join Rothschild & Co as a strategic adviser, which is a historic firm which continues to reinforce its impressive reputation, global reach and differentiated approach to advising clients,” said Mr. Hurowitz.

AM Best Affirms Credit Ratings of Talcott Life Re, Ltd.

Retrieved on: 
Thursday, March 30, 2023
Professional Services, Insurance, Finance, AM Best, LCC, ALL, ERM, Sixth Street Partners, Credit, Risk, AM, TLR, News, 6th Street, Risk management

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Talcott Life Re, Ltd. (TLR) (Hamilton, Bermuda).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Talcott Life Re, Ltd. (TLR) (Hamilton, Bermuda).
  • In December 2021, Allianz Life Insurance Company of North America announced reinsurance agreements with Resolution Life Group Holdings LP and Talcott Resolution Life Insurance Company (Talcott), the latter of which is affiliated with Sixth Street and TLR.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

TherapeuticsMD Announces Definitive Agreements to License its Products to Mayne Pharma

Retrieved on: 
Sunday, December 4, 2022
Vitamins, Supplements, Medical Supplies, Women, Fitness & Nutrition, Other Health, Health, Consumer, Pharmaceutical, General Health, Reproductive health, Security (finance), Guarantee Security Life Insurance Company, Greenhill & Co., Sumathi Best Television Current Reporting Award, ASX, Calendar, DLA Piper, Sixth Street Partners, Sale, Communication, Annual report, Hand, Woman, Failure, Hospira, Health, Acquisition, Patent, Risk, Generic drug, Bank, Pharmaceutical industry, Risk management

TherapeuticsMD, Inc. (NASDAQ: TXMD) (TherapeuticsMD, TXMD or the Company), an innovative, leading womens healthcare company, today announced that it has entered into definitive agreements to license its products to an affiliate of Mayne Pharma Group Limited (Mayne Pharma), an ASX-listed specialty pharmaceutical company focused on commercializing novel and generic pharmaceuticals, for commercialization in the United States.

Key Points: 
  • TherapeuticsMD, Inc. (NASDAQ: TXMD) (TherapeuticsMD, TXMD or the Company), an innovative, leading womens healthcare company, today announced that it has entered into definitive agreements to license its products to an affiliate of Mayne Pharma Group Limited (Mayne Pharma), an ASX-listed specialty pharmaceutical company focused on commercializing novel and generic pharmaceuticals, for commercialization in the United States.
  • In addition, TXMD has agreed to sell certain assets to Mayne Pharma to allow Mayne Pharma to commercialize the products.
  • We believe that Mayne Pharma has the experience necessary to fully realize the promise of our products as we work together to improve patient care.
  • In addition, TXMD will sell to Mayne Pharma certain assets to allow Mayne Pharma to commercialize the Products, including inventory.

Adams Street Hires James Charalambides and Launches European Private Credit Strategy

Retrieved on: 
Monday, September 26, 2022
Asset Management, Professional Services, Finance, Houlihan Lokey, 6th Street, LLC, Partner, Sixth Street Partners, Walgreens Boots Alliance, European, Adams Street Historic District, Private credit, Goldman Sachs, Investment, Appetite, Insurance, Negotiation, PC, Multimedia, Business development, Security (finance), Financial services

Adams Street Partners , LLC, a private markets investment firm with $50 billion in assets under management, announced the launch of its Private Credit platform in Europe with the appointment of James Charalambides as Partner & Head of the European Private Credit team.

Key Points: 
  • Adams Street Partners , LLC, a private markets investment firm with $50 billion in assets under management, announced the launch of its Private Credit platform in Europe with the appointment of James Charalambides as Partner & Head of the European Private Credit team.
  • Mr. Charalambides will report to Bill Sacher, Partner & Head of Private Credit at Adams Street.
  • View the full release here: https://www.businesswire.com/news/home/20220926005177/en/
    Adams Street Partners has announced the launch of its Private Credit platform in Europe with the appointment of James Charalambides as Partner & Head of the European Private Credit team.
  • (Photo: Business Wire)
    Since launching its inaugural private credit platform in 2016, Adams Streets Private Credit assets have grown to over $7.6 billion.