Retrieved on:
Tuesday, November 21, 2023
The purchase by the partnership, which brings together Marathon Asset Management LP, Avenue Sustainable Solutions Fund, and Bridger, is expected to formally close in ten business days.
Key Points:
- The purchase by the partnership, which brings together Marathon Asset Management LP, Avenue Sustainable Solutions Fund, and Bridger, is expected to formally close in ten business days.
- Bridger plans to acquire the aircraft in a sequential manner as they are modified and subsequently contracted for service.
- Bridger expects the first two Scoopers to be ready for contract operations in the Summer of 2024 in the European Union.
- McAndrew Rudisill, Bridger’s Chief Investment Officer, commented, “We are excited to partner with Marathon and Avenue to co-invest in the transformative Spanish Scooper acquisition and appreciate their exhaustive efforts to close this transaction.
Professional Services,
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Sustainability,
Software,
Finance,
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Rubicon Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading digital marketplace for waste and recycling and provider of innovative software-based products for businesses and governments worldwide, today announced the completion of its final key strategic finance goal, as previously discussed on the Company’s earnings calls since the fourth quarter of 2022.
Key Points:
- Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading digital marketplace for waste and recycling and provider of innovative software-based products for businesses and governments worldwide, today announced the completion of its final key strategic finance goal, as previously discussed on the Company’s earnings calls since the fourth quarter of 2022.
- The new $75 million term loan and revolving credit line of up to $90 million were secured through Avenue Sustainable Solutions and MidCap Financial, respectively, and provide significantly enhanced liquidity to the Company.
- “We are excited to announce that we have achieved our final key strategic finance goal for 2023,” said Kevin Schubert, CFO of Rubicon.
- "There are few companies in the waste space with such advanced and differentiated technology.
Retrieved on:
Tuesday, September 20, 2022
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Coffee Our innovative investment partnership structure reflects our joint commitment for sustainability and governance, said Rik Vyverman, Head of Sustainable Food Private Equity at responsAbility.
Key Points:
- Our innovative investment partnership structure reflects our joint commitment for sustainability and governance, said Rik Vyverman, Head of Sustainable Food Private Equity at responsAbility.
- An investment in Agrovision is a natural fit for our strategy, said Sean Coleman, Senior Portfolio Manager of the Avenue Sustainable Solutions Fund.
- Skadden, Arps, Slate, Meagher & Flom served as counsel to responsAbility Investments and Avenue Capital Group.
- For additional information on Avenue Capital Group, which is a global investment firm with assets estimated to be approximately $12.1 billion as of July 31, 2022, please visit www.avenuecapital.com .
