Martha Plimpton

Silver Lake to Take Endeavor Private

Retrieved on: 
Tuesday, April 2, 2024
General Sports, Sports, Finance, General Entertainment, Professional Services, Events, Concerts, Licensing (Sports), Entertainment, MSD, Barclays, Goldman Sachs, TKO, Simpson Thacher & Bartlett, Endeavor Group Holdings, EDR, Royal Bank of Canada, Latham & Watkins, Telecommunications, Committee, Partnership, WWE, Royal Bank, Lexington Partners, Cravath, Swaine & Moore, VWAP, Endeavor (company), Centerview Partners, Kirkland & Ellis, Bank of America, BofA Securities, Sport, Acquisition, RBC Capital Markets, Whitesell, Growth, IMG, BDT, Deutsche Bank, Bank, LLP, Mubadala Investment Company, Martha Plimpton, Music, UFC, Management

Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector.

Key Points: 
  • Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector.
  • On the unaffected date, the equity value was $8.2 billion, and the premium to be paid by Silver Lake represents $4.6 billion more equity value to all Endeavor stockholders.
  • Ariel Emanuel, CEO of Endeavor, said: "Since 2012, Endeavor’s strategic partnership with Silver Lake and Egon Durban have been central to our evolution into the global sports and entertainment leader we are today.
  • Egon, Stephen, and the broader Silver Lake team have been and will continue to be phenomenal partners in Endeavor’s journey, and we look forward to the road ahead.”
    Stephen Evans, Managing Director of Silver Lake and a Director of Endeavor, said: “The team at Silver Lake is proud of our longstanding partnership with Endeavor, marked by more than $3.5 billion of direct investment across six distinct transactions over 12 years.

TPG Agrees to Acquire Classic Collision

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Automotive, General Automotive, Other Automotive, Finance, Asset Management, BofA Securities, Culture, Partnership, Calibration, ADAS, Acquisition, TPG Inc., DeBevoise, Classic, Martha Plimpton, Investment, Kirkland & Ellis, Collision, Management

TPG (NASDAQ: TPG), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire Classic Collision, a leading, national collision repair multi-site operator.

Key Points: 
  • TPG (NASDAQ: TPG), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire Classic Collision, a leading, national collision repair multi-site operator.
  • TPG Capital, the U.S. and European private equity platform of TPG, will acquire the business from New Mountain Capital.
  • “Today’s announcement is an exciting milestone for Classic Collision and a great testament to the strength of our team and our collective commitment to providing the highest quality service with integrity,” said Toan Nguyen, CEO of Classic Collision.
  • With longstanding industry relationships and numerous manufacturer certifications, Classic Collision is broadly recognized as a trusted partner in comprehensive collision repair.

The Rawlings Group Announces Growth Investment from New Mountain Capital

Retrieved on: 
Tuesday, April 2, 2024
Insurance, Data Analytics, Finance, Health, Asset Management, Health Technology, Professional Services, Health Insurance, Growth, Private equity, Philosophy, Artificial intelligence, LLP, AI, DeBevoise, Martha Plimpton, Investment, Multimedia, Ropes & Gray, Barclays

The Rawlings Group (“Rawlings” or the “Company”), a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients, today announced a strategic investment from affiliates of New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with approximately $50 billion in assets under management.

Key Points: 
  • The Rawlings Group (“Rawlings” or the “Company”), a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients, today announced a strategic investment from affiliates of New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with approximately $50 billion in assets under management.
  • New Mountain is partnering with the Rawlings management team to support the next phase of growth for the Company, including investments in artificial intelligence, product development, and expansion into new markets and capabilities.
  • With the help of our new partners, the company will continue its growth and success on behalf of health insurers,” said Ryan Little, CEO of The Rawlings Group.
  • AMB Investment Bank served as financial advisor and Ropes & Gray LLP served as legal advisor to New Mountain Capital.

Emerald Bay Risk Solutions Launches with Strategic Investment from Bain Capital Insurance

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Insurance, Finance, Emerald, McDermott Will & Emery, Longevity, Property, Liberty Mutual, Partnership, General counsel, Business development, Head, Record, QRE, DeBevoise, Martha Plimpton, Amazon Web Services, Bain Capital, AM Best, Excess, Multimedia, Lead, MGA

Emerald Bay Risk Solutions (“Emerald Bay” or the “Company”), a collaborative underwriting carrier, today announced its formal launch with a significant strategic investment from Bain Capital Insurance , the dedicated insurance investing unit of Bain Capital.

Key Points: 
  • Emerald Bay Risk Solutions (“Emerald Bay” or the “Company”), a collaborative underwriting carrier, today announced its formal launch with a significant strategic investment from Bain Capital Insurance , the dedicated insurance investing unit of Bain Capital.
  • Emerald Bay is an innovative program specialist that seeks to create an alignment of interests across the entire risk value chain through integrated solutions and disciplined underwriting enhanced by a proprietary data-driven technology platform.
  • Emerald Bay begins operations with a strong financial foundation, having secured a rating of “A-“ Stable, Financial Size category VIII, from AM Best.
  • Bain Capital Insurance was advised by McDermott Will & Emery and Debevoise & Plimpton LLP.

CD&R to Acquire Presidio from BC Partners

Retrieved on: 
Tuesday, April 2, 2024
Microsoft, Partner, UBS, Citigroup, Palo Alto Networks, Growth, Partnership, LionTree, LLP, CD&R, BC Partners, Guggenheim Partners, Martha Plimpton, Cisco, BNP Paribas, Dell, Wells Fargo, Plex Systems, Kirkland & Ellis, RBC Capital Markets, Management

NEW YORK, April 2, 2024 /PRNewswire/ -- Clayton Dubilier & Rice ("CD&R" or the "Firm") and BC Partners today announced that they have entered into a definitive agreement under which funds affiliated with CD&R will acquire a majority ownership position in Presidio, a leading technology services and solutions provider, from BC Partners. As part of the transaction, funds affiliated with BC Partners will retain minority ownership interest in Presidio. Terms of the transaction were not disclosed.

Key Points: 
  • NEW YORK, April 2, 2024 /PRNewswire/ -- Clayton Dubilier & Rice ("CD&R" or the "Firm") and BC Partners today announced that they have entered into a definitive agreement under which funds affiliated with CD&R will acquire a majority ownership position in Presidio, a leading technology services and solutions provider, from BC Partners.
  • As part of the transaction, funds affiliated with BC Partners will retain minority ownership interest in Presidio.
  • BC Partners acquired Presidio in 2019, successfully delisting the Company from the Nasdaq in a $2.1 billion take private transaction.
  • Under BC Partners' ownership, Presidio initiated and completed a transformative growth plan, developing a leading cloud services business and expanding internationally.

Sonita Bennitt Joins Seward & Kissel’s Tax Group

Retrieved on: 
Wednesday, February 28, 2024
Legal, Construction & Property, Finance, Consulting, Banking, Accounting, Professional Services, REIT, Kirkland & Ellis, Simpson Thacher & Bartlett, Goldberg, Lawsuit, University School, Seward & Kissel, University, Martha Plimpton, Government, Private, Kelley Drye & Warren, Shearman & Sterling, DeBevoise, Shearman, King & Spalding, Russell Johnston

Seward & Kissel LLP announced today that Sonita M. Bennitt , former counsel with Goodwin Procter LLP, has joined the firm’s New York office as a partner in the Tax Group .

Key Points: 
  • Seward & Kissel LLP announced today that Sonita M. Bennitt , former counsel with Goodwin Procter LLP, has joined the firm’s New York office as a partner in the Tax Group .
  • She also advised clients on tax aspects of real estate joint ventures and real estate investment trusts.
  • “Sonita’s wealth of experience makes her a valuable addition to our firm and the Tax Group,” said Jim Cofer , managing partner of Seward & Kissel and a partner in the firm’s Tax Group.
  • “Her deep background in private fund formation and structuring makes her an ideal fit with our Tax Group and the broader work of the firm.”
    Prior to Goodwin Procter, Bennitt practiced as a tax associate at Debevoise & Plimpton LLP.

GLOBAL CLEAN ENERGY, INC. CONTINUES EXPANDING MANAGEMENT TEAM

Retrieved on: 
Thursday, February 29, 2024
Cornell University, CFO, Acquisition, Principal, Barings Bank, SVP, OTC, Culture, Martha Plimpton, Carbon, Stock, CLO, Engineering, Associate, Psychology, Gibson Dunn, Security (finance), DeBevoise, Cornell Law School, Environment

HOUSTON, Feb. 29, 2024 /PRNewswire/ -- Global Clean Energy, Inc. (OTC PINK: GCEI), a developer of green technology projects is expanding its management team by partnering with an affiliate of C2 Industrial Group to build, develop and manage sustainable clean energy projects in various forms while reducing negative carbon emissions or footprints.

Key Points: 
  • HOUSTON, Feb. 29, 2024 /PRNewswire/ -- Global Clean Energy, Inc. (OTC PINK: GCEI), a developer of green technology projects is expanding its management team by partnering with an affiliate of C2 Industrial Group to build, develop and manage sustainable clean energy projects in various forms while reducing negative carbon emissions or footprints.
  • The current management team includes George Azimov, President and Chris Boll, Chief Revenue Officer and Director.
  • The team from GCEI are committed to delivering superior products and services that exceed customers expectations, fostering a culture of innovation, and contributing positively to the communities it serves.
  • Global Clean Energy Inc. will not republish revised forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.

KKR Closes US$6.4 Billion Asia Pacific Infrastructure Investors II Fund

Retrieved on: 
Thursday, February 1, 2024
Finance, Banking, Professional Services, Other Professional Services, Asset Management, Fund, Yamaha, Transport, Investment, Water, Partner, Urbanization, KKR, Insurance, Martha Plimpton, Renewable energy

KKR, a leading global investment firm, today announced the final close of KKR Asia Pacific Infrastructure Investors II SCSp (the “Fund”), a US$6.4 billion fund focused on infrastructure-related investments across Asia Pacific.

Key Points: 
  • KKR, a leading global investment firm, today announced the final close of KKR Asia Pacific Infrastructure Investors II SCSp (the “Fund”), a US$6.4 billion fund focused on infrastructure-related investments across Asia Pacific.
  • At close, the Fund is the largest pan-regional infrastructure fund to have been raised for Asia Pacific.
  • This closely follows KKR’s inaugural Asia Pacific-dedicated infrastructure fund, KKR Asia Pacific Infrastructure Investors SCSp, which closed at US$3.9 billion in 2021 as the largest Asia-dedicated pan-regional fund at the time.
  • We are proud to have built and scaled a market-leading platform in Asia Pacific in a short span of time, and are grateful for the continued support by our investors as we close our milestone second pan-regional fund,” said David Luboff, Co-Head of KKR Asia Pacific and Head of Asia Pacific Infrastructure at KKR.

Debevoise Welcomes Rick Sofield as Partner and Co-Head of the National Security Practice, Enhancing CFIUS and National Security Offerings

Retrieved on: 
Monday, January 29, 2024
National security, Security Service, Foreign investment, FCC, DeBevoise, Federal Communications Commission, Insurance, Lawyer, Martha Plimpton, Private practice, Government, DOJ, Investment, Health, Mergers and acquisitions, Committee, Private sector, Security Division (Wehrmacht)

Peter Furci, Presiding Partner, said, "The growing focus on national security regulation in the U.S., including enhanced CFIUS enforcement authority, creates additional complexity for our clients at a time when the transactional market remains choppy.

Key Points: 
  • Peter Furci, Presiding Partner, said, "The growing focus on national security regulation in the U.S., including enhanced CFIUS enforcement authority, creates additional complexity for our clients at a time when the transactional market remains choppy.
  • Rick's capabilities as a recognized member of the CFIUS and broader national security bar strengthens our ability to serve our clients' needs in this area, and enhances the firm's multidisciplinary national security offering."
  • The opportunity to join the team and help build-out the national security practice was too good to pass up.
  • I'm ready to get to work, and join the firm's global network of lawyers in helping clients navigate the complex and evolving world of CFIUS and other national security matters."

Preeclampsia Foundation Announces New 2024 Leadership of Board of Directors

Retrieved on: 
Monday, January 29, 2024
CTP, Pre-eclampsia, RNC, MMM, JD, Organization, MPH, Communication, Mother, Women's health, Master, Senate, DeBevoise, Medical director, Martha Plimpton, ISG Business School, MPPA, Mortality, AWHONN, MBA, CFP, Marketing, Security (finance), Justice, Certified Treasury Professional, Internal bleeding, Certified Public Accountant, Nursing credentials and certifications, APN, CPE, Merck, Management

MELBOURNE, Fla., Jan. 29, 2024 /PRNewswire/ -- The Preeclampsia Foundation welcomed a new group of officers to their 2024 Board of Directors today.

Key Points: 
  • MELBOURNE, Fla., Jan. 29, 2024 /PRNewswire/ -- The Preeclampsia Foundation welcomed a new group of officers to their 2024 Board of Directors today.
  • "We continue to be honored and grateful for the professional leadership provided by the officers and members of our Board of Directors," said Preeclampsia Foundation CEO Eleni Tsigas.
  • Treasurer Raphaël Charbit joined the Preeclampsia Foundation board of directors in 2023, bringing his vast financial management expertise to the team.
  • The Foundation also expresses its deep gratitude to immediate past chair, Dr. Rakhi Dimino, for her leadership and guidance on the Board of Directors.