L.L.C

HF Sinclair Corporation Stockholders and Holly Energy Partners, L.P. Unitholders Approve Merger Transaction

Retrieved on: 
Tuesday, November 28, 2023

HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (“HEP”) (NYSE: HEP) announced that at a special meeting of HEP unitholders (the “HEP Special Meeting”) and a special meeting of HF Sinclair stockholders (the “HF Sinclair Special Meeting”), each held today, (i) HEP unitholders voted to approve the previously announced Agreement and Plan of Merger (as the same may be amended or supplemented from time to time, the “Merger Agreement”), dated as of August 15, 2023, by and among HF Sinclair, Navajo Pipeline Co., L.P., Holly Apple Holdings LLC (“Merger Sub”), HEP Logistics Holdings, L.P., Holly Logistic Services, L.L.C.

Key Points: 
  • HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (“HEP”) (NYSE: HEP) announced that at a special meeting of HEP unitholders (the “HEP Special Meeting”) and a special meeting of HF Sinclair stockholders (the “HF Sinclair Special Meeting”), each held today, (i) HEP unitholders voted to approve the previously announced Agreement and Plan of Merger (as the same may be amended or supplemented from time to time, the “Merger Agreement”), dated as of August 15, 2023, by and among HF Sinclair, Navajo Pipeline Co., L.P., Holly Apple Holdings LLC (“Merger Sub”), HEP Logistics Holdings, L.P., Holly Logistic Services, L.L.C.
  • and HEP, and the transactions contemplated thereby, including the merger of Merger Sub with and into HEP, with HEP surviving as an indirect wholly owned subsidiary of HF Sinclair (the “Merger”), at the HEP Special Meeting and (ii) HF Sinclair stockholders voted to approve the issuance of shares of common stock, par value $0.01 per share, of HF Sinclair (the “Stock Issuance”) pursuant to the Merger Agreement at the HF Sinclair Special Meeting.
  • At the HEP Special Meeting, over 84% of the outstanding HEP common units voted to approve the Merger Agreement and the transactions contemplated thereby, including the Merger.
  • At the HF Sinclair Special Meeting, over 99% of the votes cast by the HF Sinclair stockholders entitled to vote at the HF Sinclair Special Meeting voted to approve the Stock Issuance.

STOCK Residences Breaks Ground on The Ritz-Carlton Residences, Naples -- Now More Than 50% Sold

Retrieved on: 
Monday, November 20, 2023

With an idyllic setting flanked by Vanderbilt Beach and the Gulf of Mexico to the west and Vanderbilt Lagoon to the north (250 Center Street North, Naples, Fla.), The Residences -- which are slated for delivery in 2026 and will feature a limited collection of just 128 estate-like dwellings and penthouses, spread throughout five boutique buildings -- have been a standout among high-end homebuyers worldwide.

Key Points: 
  • STOCK Residences , the high-end condominium division of award-winning, Naples-based STOCK Development, has broken ground on The Ritz-Carlton Residences, Naples -- the first Ritz-Carlton-branded Residences in Naples.
  • “This is a landmark moment for us,” said Brian Stock, CEO of STOCK Development.
  • The Residences are furthermore located directly between Naples’ two existing Ritz-Carlton hotels -- both of which are approximately three miles apart.
  • The Ritz-Carlton Residences, Naples are not owned, developed or sold by The Ritz-Carlton Hotel Company, L.L.C.

Ellington Management Group Provides Notice of Security Incident

Retrieved on: 
Friday, November 10, 2023

(“Ellington”) confirmed today that it detected a data incident on August 8, 2023, after which it issued notices about the incident to affected individuals and relevant agencies.

Key Points: 
  • (“Ellington”) confirmed today that it detected a data incident on August 8, 2023, after which it issued notices about the incident to affected individuals and relevant agencies.
  • What Ellington Management Group Is Doing.
  • Upon becoming aware of the incident, Ellington immediately worked with leading data privacy and security professionals to aid in its response and report the incident to relevant government agencies, federal law enforcement and affected individuals.
  • Ellington also implemented additional security protocols designed to protect and improve its network, email environment, and systems, and is currently assessing the entirety of its information security program.

Robbins Geller Rudman & Dowd LLP Announces a Notice of Class Action and Proposed Settlement in the LifeStance Health Group, Inc. Securities Settlement

Retrieved on: 
Wednesday, November 22, 2023

(the "Underwriter Defendants" and, together with the LifeStance Defendants, "Defendants"), have reached a proposed settlement of the claims in the above-captioned class action (the "Action") in the amount of $50,000,000 (the "Settlement").

Key Points: 
  • (the "Underwriter Defendants" and, together with the LifeStance Defendants, "Defendants"), have reached a proposed settlement of the claims in the above-captioned class action (the "Action") in the amount of $50,000,000 (the "Settlement").
  • Any updates regarding the Settlement Hearing, including any changes to the date or time of the hearing, will be posted to the Settlement website, www.LifeStanceSecuritiesSettlement.com .
  • You do NOT need to attend the Settlement Hearing to receive a distribution from the Net Settlement Fund.
  • IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE PROPOSED SETTLEMENT AND YOU MAY BE ENTITLED TO A MONETARY PAYMENT.

Cadiz Marks One Year Anniversary of ATEC Acquisition

Retrieved on: 
Monday, November 13, 2023

LOS ANGELES, Nov. 13, 2023 /PRNewswire/ -- Today, Cadiz, Inc. (NASDAQ: CDZI/CDZIP) is pleased to mark the one-year anniversary of its acquisition of our water treatment operating subsidiary ATEC Water Systems, L.L.C. ("ATEC"), a leading producer of specialized water filtration solutions for contaminated groundwater sources. Since Cadiz acquired the business in Q4 2022, ATEC has secured contracts and begun production on projects expected to generate significant revenues beginning in FY 2024. ATEC segment revenues are expected to total approximately $1.4 million in FY 2023 and exceed $12 million in FY 2024 with projected segment positive operating income of approximately $3 - 4 million during FY 2024.

Key Points: 
  • LOS ANGELES, Nov. 13, 2023 /PRNewswire/ -- Today, Cadiz, Inc. (NASDAQ: CDZI/CDZIP) is pleased to mark the one-year anniversary of its acquisition of our water treatment operating subsidiary ATEC Water Systems, L.L.C.
  • Since Cadiz acquired the business in Q4 2022, ATEC has secured contracts and begun production on projects expected to generate significant revenues beginning in FY 2024.
  • We believe ATEC filters provide the most cost-effective treatment solutions for successful reduction and removal of iron and manganese from groundwater.
  • The ATEC iron and manganese treatment system has effectively been adapted to remove arsenic as well as chromium-6.

Hagens Berman Sobol Shapiro LLP Announce a Class Action Which May Affect You If You Had A Health Plan That Paid for Generic Prescription Drugs Purchased at CVS Pharmacy

Retrieved on: 
Friday, November 10, 2023

prescription drugs purchased at CVS Pharmacy, a

Key Points: 
  • prescription drugs purchased at CVS Pharmacy, a
    class action lawsuit could affect your rights.
  • A CLASS ACTION LAWSUIT is pending in the U.S. District Court for the District of Rhode Island (the "Court").
  • Class Plaintiffs contend that they were overcharged for the generic drugs in the HSP program as a result of Defendants' actions.
  • The complete class definitions are available in the LONG-FORM NOTICE on the website www.CVSHSPClassAction.com or by contacting the Notice Administrator.

Granite Creek Capital Partners Closes Oversubscribed Fund III at $300 Million

Retrieved on: 
Tuesday, November 7, 2023

, a private investment firm based in Chicago, today announced the oversubscribed closing of its third investment fund, Granite Creek FlexCap III, L.P. (the “Fund” or “Fund III”), a $300 million fund focused on providing flexible capital to growing lower middle market companies.

Key Points: 
  • , a private investment firm based in Chicago, today announced the oversubscribed closing of its third investment fund, Granite Creek FlexCap III, L.P. (the “Fund” or “Fund III”), a $300 million fund focused on providing flexible capital to growing lower middle market companies.
  • Granite Creek began fundraising for the FlexCap III fund in 2022 with an initial target of $250 million in total commitments.
  • With the close of Fund III, our team is well prepared to execute on our healthy pipeline of opportunities.”
    Granite Creek Capital Partners closed its previous $200 million FlexCap II fund in 2019.
  • With the close of FlexCap III Fund, Granite Creek has over $700 million of assets under management across its strategies.

Erik DiGiacomo Appointed General Manager of Olympus

Retrieved on: 
Tuesday, October 31, 2023

Webonise US, LLC (“Webonise” or the “Company”), a global technology product development and digital solutions company that builds capabilities to enable businesses to thrive, today announced the appointment of Erik DiGiacomo as General Manager of a core product line, Olympus Fintech, LLC (“Olympus”), a cloud-based fintech platform of tools powered by Webonise that collateralized loan obligation (CLO), debt, and private equity fund managers use to improve performance.

Key Points: 
  • Webonise US, LLC (“Webonise” or the “Company”), a global technology product development and digital solutions company that builds capabilities to enable businesses to thrive, today announced the appointment of Erik DiGiacomo as General Manager of a core product line, Olympus Fintech, LLC (“Olympus”), a cloud-based fintech platform of tools powered by Webonise that collateralized loan obligation (CLO), debt, and private equity fund managers use to improve performance.
  • As General Manager, Mr. DiGiacomo will be responsible for leading the go-to-market strategy and spearheading upcoming launches of Olympus’ newest products.
  • “I am excited to lead Olympus’ next phase of development and support the launch of several innovative products in 2024,” Mr. DiGiacomo said.
  • To stay informed on Olympus’ upcoming product launches, news, and insights, join the waiting list at https://webonise.com/olympus/ .

Epic Staffing Group Expands Healthcare Staffing Capabilities with Recent Acquisitions in Physician Staffing

Retrieved on: 
Thursday, November 2, 2023

EL SEGUNDO, Calif., Nov. 2, 2023 /PRNewswire/ -- Epic Staffing Group ("Epic") a portfolio company of The Pritzker Organization, L.L.C. ("TPO") is proud to announce a series of significant investments aimed at bolstering its growth in the healthcare and life sciences staffing sector.

Key Points: 
  • EL SEGUNDO, Calif., Nov. 2, 2023 /PRNewswire/ -- Epic Staffing Group ("Epic") a portfolio company of The Pritzker Organization, L.L.C.
  • ("TPO") is proud to announce a series of significant investments aimed at bolstering its growth in the healthcare and life sciences staffing sector.
  • The acquisition of SBG Healthcare, a standout Physician staffing firm focused on the placement of advanced practitioners and physicians in the Operating Room and Surgical Suite led by Drew Seder, the co-Founder and President.
  • Larry Tarschis, Managing Director of TPO, remarked, "We are thrilled to continue supporting Epic's ambitions to broaden its best-in-class specialty healthcare staffing offerings.

Air Methods Takes Strategic Steps to Position Business for Long-Term Success

Retrieved on: 
Tuesday, October 24, 2023

DENVER, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Air Methods Corporation (“Air Methods” or the “Company”), the leading air medical service provider in the U.S., announced today that it has entered into a Restructuring Support Agreement (“RSA”) with (i) majorities of its first lien lenders and bondholders and (ii) its equity sponsor under which such key stakeholders have agreed to support an expedited balance sheet restructuring. Implementing the restructuring contemplated by the RSA will reduce the Company’s total debt by approximately $1.7 billion, increase liquidity and position the business for long-term success by allowing it to focus on its growth and development strategies.

Key Points: 
  • We’ve also seen record numbers of transports, and we’ve opened several new bases across the country this year as there is a great demand for air medical services.
  • The prepackaged Chapter 11 process provides an orderly forum for Air Methods to implement the balance sheet restructuring efficiently and quickly.
  • Air Methods is operating normally and without service interruptions as it moves through the court-supervised process.
  • Weil, Gotshal & Manges LLP is serving as legal advisor, Lazard is serving as financial advisor and Alvarez & Marsal is serving as restructuring advisor to Air Methods.