MGG

Spark to Continue Strategic Transformation Under New Ownership

Retrieved on: 
Saturday, January 13, 2024

Spark Networks SE (“Spark” or “the Company"), a leading social dating platform for meaningful relationships, today announced that it has successfully completed its financial reorganization process, which significantly improves its capital structure and liquidity.

Key Points: 
  • Spark Networks SE (“Spark” or “the Company"), a leading social dating platform for meaningful relationships, today announced that it has successfully completed its financial reorganization process, which significantly improves its capital structure and liquidity.
  • On January 12, 2024, the Company received approval from the Munich Commercial Court (the “German Court”) on its share capital reduction and share capital increase (together, the “Share Capital Registration”).
  • As a result of the Share Capital Registration, MGG Investment Group LP (“MGG”) is now Spark’s sole equity owner.
  • “With MGG’s support, we are well positioned to drive forward in our transformation plan and continue igniting meaningful relationships across our portfolio of brands.

Spark Networks to Advance Transformational Journey on Stronger Financial Foundation

Retrieved on: 
Friday, January 5, 2024

The approval follows solicitation of voting by Plan-Affected Parties, and the consultation and approval meeting for creditors, which took place on December 12, 2023.

Key Points: 
  • The approval follows solicitation of voting by Plan-Affected Parties, and the consultation and approval meeting for creditors, which took place on December 12, 2023.
  • With the German Court’s approval, Spark will move forward with implementation of the Restructuring Plan, which, upon completion, will result in MGG Investment Group LP (“MGG”) becoming Spark’s sole equity owner.
  • “This milestone marks an important step as we prepare to begin a new era for Spark Networks.
  • “With our enhanced capital structure and MGG’s support, we look forward to continuing our transformation as we move into the future as a financially stronger company,” said Kristie Goodgion, Spark’s Chief Financial Officer.

MGG Investment Group Acquires Historic Spring Mountain Vineyard in St. Helena, CA

Retrieved on: 
Wednesday, July 5, 2023

MGG Investment Group LP, together with its affiliated entities (collectively “MGG”), today announced the acquisition of Spring Mountain Vineyard (“Spring Mountain”), one of the most iconic vineyards in Napa, CA with among the largest wine libraries in the U.S.

Key Points: 
  • MGG Investment Group LP, together with its affiliated entities (collectively “MGG”), today announced the acquisition of Spring Mountain Vineyard (“Spring Mountain”), one of the most iconic vineyards in Napa, CA with among the largest wine libraries in the U.S.
  • Since its founding in 1873, Spring Mountain has been recognized for its production of premium varietals of noble grapes and traditional Bordeaux-style blends that reflect the depth and unique characteristics of the Spring Mountain appellation.
  • MGG is finalizing a new senior management team for Spring Mountain which will be announced in the near term.
  • Kevin Griffin, Chief Executive Officer and Chief Investment Officer of MGG, said, “Spring Mountain is a bedrock institution of Napa Valley and its unique terroir enables it to produce some of the finest wines in the world today.

Gather Holdings, LLC Secures Investment from MGG Investment Group for Oregon-Based Shari’s Restaurants

Retrieved on: 
Tuesday, June 20, 2023

Gather Holdings, LLC today announced that affiliates of MGG Investment Group LP (MGG) have made an investment in the company’s 42 Oregon-based restaurants that operate under the Shari’s Restaurants brand.

Key Points: 
  • Gather Holdings, LLC today announced that affiliates of MGG Investment Group LP (MGG) have made an investment in the company’s 42 Oregon-based restaurants that operate under the Shari’s Restaurants brand.
  • Financial terms were not disclosed.
  • “We are pleased to have found a supportive partner in MGG, which recognizes the significant value of our Oregon-based portfolio of Shari’s Restaurants,” said Sam Borgese, owner of Gather Holdings.
  • I am grateful for the determination, resilience, and grit of our entire team of restaurant operators and support center employees who stood by the business and are the reason we are positioned for success.”

MGG Investment Group Supports Investment in United Medical Systems

Retrieved on: 
Thursday, June 1, 2023

MGG Investment Group LP (“MGG”) today announced that it has made a debt and equity investment to support Access & Integrated Practice Holdings’ acquisition of United Medical Systems Inc. (“UMS”), a national provider of premier transportable and in-house urology solutions to hospitals, surgery centers, and offices.

Key Points: 
  • MGG Investment Group LP (“MGG”) today announced that it has made a debt and equity investment to support Access & Integrated Practice Holdings’ acquisition of United Medical Systems Inc. (“UMS”), a national provider of premier transportable and in-house urology solutions to hospitals, surgery centers, and offices.
  • Partnering with physicians and medical facilities nationwide, UMS consistently delivers advanced technologies and cost-efficient solutions spanning MR/US fusion biopsies, lithotripsy, and laser lithotripsy.
  • Access & Integrated Practice Holdings is a comprehensive mobile medical services platform formed by MGG in 2022 following its investment in Sightpath Medical (“Sightpath”), a leading provider of mobile ophthalmic services for cataract and refractive surgery.
  • Kevin Griffin, Chief Executive Officer and Chief Investment Officer of MGG, said, “UMS has established a strong reputation in the medical community for integrity, patient focus, and clinical and operational excellence.

MGG Investment Group Automates Investor Statement Review with Canoe Intelligence

Retrieved on: 
Wednesday, September 7, 2022

NEW YORK, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Canoe Intelligence (Canoe) , the financial technology company powering alternative investment intelligence, today announced a new client engagement with MGG Investment Group ("MGG") , an investment manager serving middle market companies across various industries.

Key Points: 
  • NEW YORK, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Canoe Intelligence (Canoe) , the financial technology company powering alternative investment intelligence, today announced a new client engagement with MGG Investment Group ("MGG") , an investment manager serving middle market companies across various industries.
  • In evaluating solutions to optimize our investor statement review processes, Canoe was a natural fit.
  • Onboarding with Canoe technology has allowed us to make more efficient what previously was a 100% manual process, said Greg Racz, President of MGG Investment Group.
  • Canoe Intelligence redefines alternative investment data processes for hundreds of leading institutional investors, capital allocators, asset servicing firms and wealth managers.

First-Ever Largest NFT, GameFi, and Metaverse 2022 Event in Southeast Asia Is Happening at Cove Manila Philippines

Retrieved on: 
Wednesday, April 27, 2022

Singapore, Singapore--(Newsfile Corp. - April 27, 2022) - Four prominent outstanding global media and capital companies, AC Capital , CoinVoice , Asia Token Fund and Block Tides ,are bringing the first-ever largest NFT, GameFi, and Metaverse event in Southeast Asia.

Key Points: 
  • Singapore, Singapore--(Newsfile Corp. - April 27, 2022) - Four prominent outstanding global media and capital companies, AC Capital , CoinVoice , Asia Token Fund and Block Tides ,are bringing the first-ever largest NFT, GameFi, and Metaverse event in Southeast Asia.
  • NFT, GAMEFI, AND METAVERSE 2022 is set to debut this May 1st on the largest indoor beach club in the capital region of the Philippines Cove Manila with 2000+ whitelist interest and 1000 attendees.
  • The Philippines is one of the top 5 countries in terms of adopting crypto; 20% of the Philippine population has exposure to crypto.
  • Many known celebrities and influencers will join the event with an exclusive partnership with one of the iconic bands from the Philippines.

For a Bright Future Foundation Raises $625,000 Following their Annual Celebration Event

Retrieved on: 
Tuesday, April 19, 2022

MIAMI, April 19, 2022 /PRNewswire/ -- Louis Hernandez Jr.'s Foundation For A Bright Future, a 501(C)(3) nonprofit organization dedicated to supporting the needs of underrepresented and underprivileged children through education, healthcare, arts, and youth leadership development, raised $625,000 for the Foundation's educational and healthcare equity programs at their Celebration Event in Miami on April 7th.

Key Points: 
  • As a board member, I see the incredible impact the Foundation programs provide kids in these challenged communities.
  • Louis Hernandez Jr. and the foundation do an incredible job serving and supporting those who need it most.
  • For a Bright Future was born out of Hernandez Jr.'s own personal experience and journey, living through the challenges of belonging to an underprivileged and underrepresented group.
  • said Louis Hernandez Jr. , Founder, and Chairman of the Board, Louis Hernandez Jr.'s Foundation For A Bright Future.

Developlus Announces Partnership with Misfits Gaming

Retrieved on: 
Thursday, March 3, 2022

CORONA, Calif., March 3, 2022 /PRNewswire/ -- The woman-owned, women-led haircare and color corporation, Developlus Inc. is pleased to announce their new partnership with Misfits Gaming Group to promote Splat vibrant hair colors within the gaming industry.

Key Points: 
  • CORONA, Calif., March 3, 2022 /PRNewswire/ -- The woman-owned, women-led haircare and color corporation, Developlus Inc. is pleased to announce their new partnership with Misfits Gaming Group to promote Splat vibrant hair colors within the gaming industry.
  • This is an amazing opportunity to promote our brand to a new consumer group," said Jenniffer Paulson, Vice President of Marketing for Developlus.
  • As a brand that encourages consumers to embrace "outside the box" vibrant hair color, Developlus is proud to be partnering with Misfits Gaming who have been at the digital forefront of esports.
  • Misfits Gaming Group (MGG) is a global esports and entertainment company.

DeHorizon, the Next-gen Metaverse Game Ecosystem, Closes Strategic Investment to Facilitate the Development

Retrieved on: 
Thursday, February 24, 2022

DeHorizon, a metaverse game ecosystem, announced its strategic round led by Griffin Gaming Partners and Circle Ventures.

Key Points: 
  • DeHorizon, a metaverse game ecosystem, announced its strategic round led by Griffin Gaming Partners and Circle Ventures.
  • The round marks another significant step for DeHorizon to realize its ambitious goal of a tremendous metaverse.
  • Till now, three blockchain-based games are announced to the public to initially build up the gaming landscape of DeHorizon metaverse.
  • Beyond game loops under development, DeHorizon also makes efforts in the NFT space to emphasize Play for Fun and to Earn.