Citigroup Global Markets Japan

Snowden Lane Partners Continues Recruiting Momentum with Addition of the Gherardi Group

Retrieved on: 
Friday, December 1, 2023

Gherardi will be joined by Pedro Pelaez, who will serve as a Private Wealth Advisor.

Key Points: 
  • Gherardi will be joined by Pedro Pelaez, who will serve as a Private Wealth Advisor.
  • Based in Snowden Lane’s rapidly expanding Coral Gables office, they will form the Gherardi Group serving high net-worth international families.
  • “We’re thrilled to have Christian and Pedro joining us in Coral Gables, as they’ve both built a tremendous track record in the international wealth management space,” said Greg Franks, Managing Partner, President & COO of Snowden Lane Partners.
  • The Financial Times named Snowden Lane to its elite FT 300 list for six straight years, recognizing Snowden Lane as one of the top independent RIA firms in the U.S.

Rocket Software to Acquire OpenText’s Application Modernization and Connectivity Business

Retrieved on: 
Tuesday, November 28, 2023

Rocket Software , Inc. (“Rocket Software”), a global technology leader driving modernization for the world’s largest companies, today announced it has signed a definitive agreement to acquire the Application Modernization and Connectivity business (AMC) of OpenText (NASDAQ: OTEX ), (TSX: OTEX), which was formerly part of Micro Focus.

Key Points: 
  • Rocket Software , Inc. (“Rocket Software”), a global technology leader driving modernization for the world’s largest companies, today announced it has signed a definitive agreement to acquire the Application Modernization and Connectivity business (AMC) of OpenText (NASDAQ: OTEX ), (TSX: OTEX), which was formerly part of Micro Focus.
  • For decades, Rocket Software has been the partner solving complex IT challenges for the largest and most innovative organizations, across infrastructure, data, and applications.
  • AMC has been a leader in application modernization for many years, providing industry-leading tools including COBOL and host connectivity.
  • With AMC, Rocket Software will have a more diverse modernization portfolio that aligns with customer demands, whether on-premises or through a hybrid cloud strategy.

Viatris Continues its Preparations for Phase 2 of its Strategic Plan by Announcing the Appointment of Theodora "Doretta" Mistras as Chief Financial Officer, Effective March 1, 2024, and Philippe Martin as Chief R&D Officer

Retrieved on: 
Friday, December 15, 2023

PITTSBURGH, Dec. 15, 2023 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS), a global healthcare company, today announced that, as it prepares to enter Phase 2 of its strategic plan, Theodora "Doretta" Mistras has been appointed Chief Financial Officer (CFO) effective March 1, 2024, and Philippe Martin has been appointed Chief R&D Officer with immediate effect.

Key Points: 
  • Mistras has also advised leading healthcare corporations on a multitude of important financial and strategic decisions, including M&A, joint ventures, and capital market transactions totaling over $240 billion in aggregate value.
  • He leaves Viatris with an extremely strong finance team in place to support Doretta and the entire company as we move forward.
  • Added Smith, "I am very pleased to have Philippe join Viatris as Chief R&D Officer.
  • I am excited to add my expertise to this very strong foundation, especially in the innovative product space."

Chimera Appoints New Independent Board Member Susan Mills

Retrieved on: 
Wednesday, November 1, 2023

Chimera Investment Corporation (NYSE:CIM) (the “Company” or “Chimera”) announced today that Susan Mills has been elected to the Company’s Board of Directors as a Class I Director, effective November 13, 2023.

Key Points: 
  • Chimera Investment Corporation (NYSE:CIM) (the “Company” or “Chimera”) announced today that Susan Mills has been elected to the Company’s Board of Directors as a Class I Director, effective November 13, 2023.
  • “We are pleased to welcome Ms. Mills to our Board,” said Gerry Creagh, Chairman of the Board.
  • Ms. Mills will stand for election at the Company’s 2024 shareholder meeting for the remaining two years of the Class I Director term.
  • Ms. Mills will serve on the Nominating and Corporate Governance Committee and the Risk Committee of the Company’s Board of Directors.

Sunrun Closes $715 million Senior Securitization of Residential Solar & Battery Systems and Raises $253 million of Additional Subordinated Financing

Retrieved on: 
Thursday, September 28, 2023

"We are pleased with Sunrun's record-setting transaction, placing the largest ever residential solar securitization for the industry and subsequently raising additional non-recourse financings, ” said Danny Abajian, Sunrun’s Chief Financial Officer.

Key Points: 
  • "We are pleased with Sunrun's record-setting transaction, placing the largest ever residential solar securitization for the industry and subsequently raising additional non-recourse financings, ” said Danny Abajian, Sunrun’s Chief Financial Officer.
  • The $440mm Class A-1 notes were marketed in a public asset backed securitization whereas the $275mm Class A-2 notes were privately placed.
  • The spread of 240bps represents an improvement of 25bps from Sunrun’s 2023-1 asset backed securitization in May 2023.
  • In connection with including these seasoned assets in the financing, Sunrun also repaid $255 million in total debt, including senior and subordinated term loans maturing in 2024 and 2029, respectively.

TIGER INFRASTRUCTURE PARTNERS EXPANDS CAPABILITIES WITH ADDITION OF NEW OPERATING PARTNERS

Retrieved on: 
Wednesday, September 20, 2023

NEW YORK and LONDON, Sept. 20, 2023 /PRNewswire/ -- Tiger Infrastructure Partners ("Tiger"), a pioneer in providing growth capital for middle market infrastructure, today announced the addition of Jeanette Gorgas and Sean Dolan to its roster of Operating Partners.

Key Points: 
  • NEW YORK and LONDON, Sept. 20, 2023 /PRNewswire/ -- Tiger Infrastructure Partners ("Tiger"), a pioneer in providing growth capital for middle market infrastructure, today announced the addition of Jeanette Gorgas and Sean Dolan to its roster of Operating Partners.
  • Ms. Gorgas and Mr. Dolan bring a combined six decades of diverse executive experience including managing strategic growth, human capital and infrastructure assets.
  • Prior to becoming NorthLink CEO, he worked as a consultant to Tiger Infrastructure Partners on investments in the air cargo sector.
  • Previously, Mr. Dolan was a partner at Alinda Capital Partners, a middle-market infrastructure fund with over $4 billion of assets under management, where he served as head of midstream energy infrastructure and as head of utility-related infrastructure.

Sunrun Prices Record-Setting $715 million Senior Securitization of Residential Solar & Battery Systems

Retrieved on: 
Thursday, September 14, 2023

“The capital markets continue to recognize the high quality of Sunrun’s residential solar assets, and the company’s industry-leading performance as an originator and servicer.

Key Points: 
  • “The capital markets continue to recognize the high quality of Sunrun’s residential solar assets, and the company’s industry-leading performance as an originator and servicer.
  • This latest securitization sets new records, representing the largest securitization in Sunrun’s history and also the largest across the entire residential solar industry.
  • The $440mm Class A-1 notes were marketed in a public asset backed securitization whereas the $275mm Class A-2 notes were privately placed.
  • The spread of 240bps represents an improvement of 25bps from Sunrun’s 2023-1 asset backed securitization in May 2023.

Fannie Mae Announces Thirtieth Sale of Reperforming Loans

Retrieved on: 
Tuesday, September 12, 2023

WASHINGTON, Sept. 12, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its thirtieth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio.

Key Points: 
  • WASHINGTON, Sept. 12, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its thirtieth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio.
  • This sale of reperforming loans is being marketed in collaboration with Citigroup Global Markets, Inc.
  • Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time.
  • The terms of Fannie Mae's reperforming loan sale require the buyer to offer loss mitigation options to any borrower who may re-default within five years following the closing of the reperforming loan sale.

Andersen Strengthens Commercial Practice Spanning Coast to Coast with the Addition of Managing Directors Ryan Guthrie and Won Shin

Retrieved on: 
Thursday, August 31, 2023

Andersen is pleased to welcome two accomplished professionals, Ryan Guthrie and Won Shin, as Managing Directors in the Commercial practice specializing in M&A.

Key Points: 
  • Andersen is pleased to welcome two accomplished professionals, Ryan Guthrie and Won Shin, as Managing Directors in the Commercial practice specializing in M&A.
  • “We are committed to providing the best and most comprehensive tax services to our clients, wherever they reside.
  • As we continue to bolster our M&A practice, nationally and globally, Andersen reaffirms its position as a powerhouse in the commercial tax advisory space,” stated Dan DePaoli, U.S. Country Managing Director.
  • Peter J. Coscia, Office Managing Director for Metro New York, articulated, "Won is an individual of exceptional caliber, both professionally and personally.

AEP COMPLETES SALE OF UNREGULATED RENEWABLES ASSETS

Retrieved on: 
Wednesday, August 16, 2023

"This sale is part of our strategy to streamline and de-risk the business and focus on our regulated operations," said Julie Sloat, AEP president and chief executive officer.

Key Points: 
  • "This sale is part of our strategy to streamline and de-risk the business and focus on our regulated operations," said Julie Sloat, AEP president and chief executive officer.
  • The sale portfolio includes 14 projects, representing 1,200 MW of wind and 165 MW of solar in 11 states.
  • J.P. Morgan served as lead financial advisor and Citigroup Global Markets served as financial advisor to AEP for this transaction.
  • AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide.