Equity Group Holdings

Greenbriar Announces Recapitalization of VIVE Collision from Garnett Station Partners, Positioning the Company for Further Growth

Retrieved on:

Monday, November 20, 2023

Finance, Professional Services, Aftermarket, General Automotive, Automotive, Equity Group Holdings, Foley & Lardner, Garnett station, Partnership, Growth, VIVE, Pleasure, Renewable energy

Greenbriar Equity Group, L.P. (“Greenbriar”) today announced that funds managed by Greenbriar recently completed the growth recapitalization of VIVE Collision (“VIVE” or the “Company”), a leading multi-site collision repair operator, in partnership with the Company’s management and Garnett Station Partners, LLC (“Garnett Station”).

Key Points:

Greenbriar Equity Group, L.P. (“Greenbriar”) today announced that funds managed by Greenbriar recently completed the growth recapitalization of VIVE Collision (“VIVE” or the “Company”), a leading multi-site collision repair operator, in partnership with the Company’s management and Garnett Station Partners, LLC (“Garnett Station”).
The Company maintains a dedicated focus on providing the highest-quality, people-first collision repair experience in the industry by prioritizing honesty, transparency, and reliability for its customers.
“We would like to thank the entire team from Garnett Station Partners, who showed an incredible commitment to investing in our company and our people to help VIVE maximize its potential.
Matt Burke, Managing Director at Greenbriar, said, “We’ve spent significant time evaluating opportunities in the collision repair space and are thrilled to partner with VIVE.

KBW Ranks No. 1 Across Multiple Categories in 2023 Institutional Investor All-America Survey

Retrieved on:

Thursday, November 2, 2023

Fintech, Broker-dealer, Research, Insurance, FIG, United Kingdom, Equity Group Holdings, NYSE, II, Alternative financial services in the United States, Institutional Investor, Eaton Partners, Investment, KBW, Keefe, Bruyette & Woods, SF, Financial services, Incorporated, Stifel

1 firm across multiple categories in the 2023 Institutional Investor (II) All-America survey.

Key Points:

1 firm across multiple categories in the 2023 Institutional Investor (II) All-America survey.
1 in the II survey, and KBW’s Consumer Finance research team also placed first.
1 in the Financial Institutions Group (FIG) sector, and KBW also had the top-ranked trading/execution team within FIG, in the first such category ever included by II.
KBW is the only specialist firm to rank first in any of the sales, trading/execution, and corporate access categories across the II survey, let alone all three.

Endeavor Announces Review of Strategic Alternatives

Retrieved on:

Wednesday, October 25, 2023

Sports, Events, Concerts, General Entertainment, Entertainment, General Sports, Equity Group Holdings, Sale, Endeavor Group Holdings, Disclosure, NYSE, EDR, Dislocation, Management, Endeavour

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced the initiation of a formal review to evaluate strategic alternatives for the Company.

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced the initiation of a formal review to evaluate strategic alternatives for the Company.
As part of this review of strategic alternatives, the Company will not consider the sale or disposition of the Company’s interest in TKO Group Holdings, Inc.
“Given the continued dislocation between Endeavor’s public market value and the intrinsic value of Endeavor’s underlying assets, we believe an evaluation of strategic alternatives is a prudent approach to ensure we are maximizing value for our shareholders,” said Ariel Emanuel, CEO of Endeavor.
Endeavor has not set a deadline or definitive timetable for the completion of the strategic alternatives review process, and there can be no assurance that this process will result in any particular outcome.
The Company does not intend to comment further regarding the review of strategic alternatives until it determines disclosure is necessary or advisable.

LongWater Opportunities Launches Private Credit and Capital Solutions Strategy

Retrieved on:

Wednesday, October 25, 2023

Asset Management, Professional Services, Finance, Consumer, Reinsurance Group of America, Entrepreneurship, Senior, Partnership, Equity Group Holdings, RGA, Financial services

LongWater Opportunities, LLC (“LongWater”), a lower middle market alternative asset manager, today announced the launch of a new dedicated private credit and capital solutions strategy focused on the lower-middle market.

Key Points:

LongWater Opportunities, LLC (“LongWater”), a lower middle market alternative asset manager, today announced the launch of a new dedicated private credit and capital solutions strategy focused on the lower-middle market.
To drive the strategy, LongWater has hired a team of eight seasoned and highly successful private investment professionals who previously led and managed the Private Debt and Equity Group of Reinsurance Group of America (RGA), a global reinsurance company.
The group will be known as LongWater Private Credit and Capital Solutions and will continue to be headed by Kevin Prunty, who will serve as its Senior Managing Director.
Brooks Burgum, Co-Founder at LongWater, said, “We are pleased to launch our private credit and capital solutions strategy, and to give our investors access to this best-in-class team of professionals.

National Equity Fund Expands Presence in West with Acquisition of Mountain Plains Equity Group

Retrieved on:

Wednesday, October 25, 2023

Ageing, Housing, National Equity Fund, Inc., Acceptance, Acquisition, NEF, MPEG, Equity Group Holdings, Disability, Investment, Property management, Financial services, LIHTC

CHICAGO, Oct. 25, 2023 /PRNewswire/ -- National Equity Fund (NEF), a leading nonprofit multi-family, affordable, real estate investment manager has expanded its reach in the west with the acquisition of the assets of Mountain Plains Equity Group, Inc. (MPEG), including the ownership of MPEG Acceptance Corporation (Acceptance Corp.). Based in Billings, Montana, MPEG began operations as a small Low-Income Housing Tax Credit (LIHTC) syndicator in August 2003 and has been responsible for the development of affordable housing primarily in six states: Alaska, Colorado, Montana, North Dakota, South Dakota and Wyoming. Acceptance Corp. was created by MPEG to act as a project level investment entity and routinely serves as a special limited partner in LIHTC project partnerships.

Key Points:

CHICAGO, Oct. 25, 2023 /PRNewswire/ -- National Equity Fund (NEF), a leading nonprofit multi-family, affordable, real estate investment manager has expanded its reach in the west with the acquisition of the assets of Mountain Plains Equity Group, Inc. (MPEG), including the ownership of MPEG Acceptance Corporation (Acceptance Corp.).
"The acquisition of Mountain Plains Equity Group allows us direct access to build a presence in states where NEF has not traditionally had a large market share.
With the acquisition, NEF now manages six new private equity funds that hold a total of 49 LIHTC properties.
"The mission of Mountain Plains Equity Group directly correlates to NEF's mission to create and deliver innovative, collaborative financial solutions to expand the creation and preservation of affordable housing," said Reilein.

Brookfield Raises $12 Billion for Flagship Global Private Equity Program

Retrieved on:

Tuesday, October 3, 2023

NEWS, Brookfield (corporation), Equity Group Holdings, Fund, Partner, BCP, Security (finance), Renewable energy

BROOKFIELD, NEWS, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management announced today the closing of its latest flagship global private equity program, Brookfield Capital Partners VI (“BCP VI” or the “Fund”).

Key Points:

BROOKFIELD, NEWS, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management announced today the closing of its latest flagship global private equity program, Brookfield Capital Partners VI (“BCP VI” or the “Fund”).
With $12 billion in total capital raised for the strategy, BCP VI is the largest private equity fund raised by Brookfield.
Brookfield has committed $3.5 billion to the Fund, underscoring the firm’s alignment of interests with other investors.
Cyrus Madon, CEO of Brookfield’s Private Equity Group, said, “We are grateful for the confidence and support from our investors for BCP VI, Brookfield’s largest private equity fund raised to date.

Brookfield Business Partners L.P. 2023 Third Quarter Conference Call and Webcast for Investors and Analysts

Retrieved on:

Friday, September 29, 2023

Partnership, Eastern Time Zone, Brookfield (corporation), PIN, Equity Group Holdings, BBU, Brookfield Business Partners, Webcast, TSX, Conference, NYSE, Broadcasting, NEWS

BROOKFIELD NEWS, Sept. 29, 2023 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Business Partners’ 2023 Third Quarter Conference Call & Webcast on Friday, November 3, 2023 at 9:30 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives.

Key Points:

BROOKFIELD NEWS, Sept. 29, 2023 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Business Partners’ 2023 Third Quarter Conference Call & Webcast on Friday, November 3, 2023 at 9:30 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives.
Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position.
Investors have flexibility to invest in our company either through Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation, or Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership.
Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group.

Blue Vista Acquires 300-Unit Multifamily Development in Cheshire, Connecticut

Retrieved on:

Wednesday, September 13, 2023

Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, Partnership, Sale, Equity Group Holdings, Acquisition, Dorset, Restaurant, Pointe technique, Great Pond, Commercial property

Blue Vista Capital Management (“Blue Vista”) today announced the close of its acquisition of a 300-unit Class-A multifamily development in Cheshire, Connecticut.

Key Points:

Blue Vista Capital Management (“Blue Vista”) today announced the close of its acquisition of a 300-unit Class-A multifamily development in Cheshire, Connecticut.
The newly acquired development project will be comprised of eight 3-story and one 4-story garden style apartment buildings.
“This acquisition reflects Blue Vista’s proven strategy of developing high-quality multifamily in undersupplied markets backed by strong demand drivers,” said Brandon Goetzman, Managing Principal and Co-Head of Equity Group at Blue Vista.
The acquisition represents Blue Vista and Eastpointe’s third multifamily investment in Connecticut following the development of The Pointe at Dorset Crossing in Simsbury and The Preserve at Great Pond in Windsor.

Endeavor Announces Close of UFC® and WWE® Transaction to Create TKO Group Holdings, a Premium Sports and Entertainment Company

Retrieved on:

Tuesday, September 12, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (previously NYSE: WWE) (“WWE”) today announced the close of their previously announced agreement and the launch of TKO Group Holdings, Inc. (NYSE: TKO) (“TKO”).

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (previously NYSE: WWE) (“WWE”) today announced the close of their previously announced agreement and the launch of TKO Group Holdings, Inc. (NYSE: TKO) (“TKO”).
Through this combination, TKO will leverage Endeavor’s expertise in areas including domestic and international media rights, ticket sales and yield optimization, event operations, global partnerships, licensing, and premium hospitality to drive revenue growth.
“The creation of TKO marks an exciting new chapter for UFC and WWE as leaders in global sports and entertainment,” said Ariel Emanuel, CEO of Endeavor and TKO.
“Given their continued connectivity to the Endeavor network, we are confident in our ability to accelerate their respective growth and unlock long-term sustainable value for shareholders.

Endeavor and WWE® Deal to Create TKO Group Holdings Expected to Close September 12

Retrieved on:

Thursday, September 7, 2023

Wrestling, Extreme Sports, Sports, EDR, WWE, Endeavor Group Holdings, TKO, NYSE, Equity Group Holdings, Cryptocurrency, Broadcasting

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (NYSE: WWE) (“WWE”) today announced they expect to close the previously announced transaction to form TKO Group Holdings, Inc. (“TKO”) on September 12, 2023, at which time TKO will begin trading on the New York Stock Exchange under the ticker symbol “TKO”.

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (NYSE: WWE) (“WWE”) today announced they expect to close the previously announced transaction to form TKO Group Holdings, Inc. (“TKO”) on September 12, 2023, at which time TKO will begin trading on the New York Stock Exchange under the ticker symbol “TKO”.