Blackstone Inc.

Lifshitz Law PLLC Announces Investigations of UNVR, CVT, MNTV, and XM

Retrieved on: 
Sunday, March 19, 2023
Telephone, Symphony Technology Group, MNTV, XM, CPP Investment Board, CVT, Advertising, Blackstone Inc., Hewlett, Sale, Financial adviser, Online shopping, Life insurance

Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of CVT to Blackstone Inc. for $8.50 per share in cash.

Key Points: 
  • Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of CVT to Blackstone Inc. for $8.50 per share in cash.
  • Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the sale of MNTV to Symphony Technology Group for $9.46 per share in cash.
  • Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of XM to Silver Lake Group, LLC and Canada Pension Plan Investment Board for $18.15 per share in cash.
  • The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780.

ALERT: The M&A Class Action Firm Continues its Investigation of the Merger – JNCE, MNTV, UNVR, CVT

Retrieved on: 
Wednesday, March 15, 2023
Apollo Global Management, Monteverde, Sale, Therapy, NYSE, Blackstone Inc., MNTV, CVT, Symphony Technology Group, Empire, Univar Solutions, Security (finance)

It is free and there is no cost or obligation to you.

Key Points: 
  • It is free and there is no cost or obligation to you.
  • Under the terms of the agreement, MNTV shareholders will receive $9.46 in cash per share they own.
  • Under the terms of the agreement, UNVR shareholders will receive $36.15 in cash per share they own.
  • Cvent Holding Corp. (NASDAQ: CVT ), relating to its sale to equity funds managed by Blackstone Inc. Click here for more information: https://www.monteverdelaw.com/case/cvent-holding-corp .

AM Best Revises Outlooks to Negative for Members of Everlake Life Group

Retrieved on: 
Wednesday, March 15, 2023
Professional Services, Insurance, Finance, Superior, Risk management, Sound, AM Best, Blackstone Inc., Life, Credit, ALL, AM, News

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Everlake Life Insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group (Everlake Life).

Key Points: 
  • AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Everlake Life Insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group (Everlake Life).
  • The revised outlooks reflect the challenges Everlake Life faces as a newer entrant into the increasingly competitive life and annuity consolidation market.
  • Everlake Life continues to report the strongest risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR).
  • Everlake Life continues to demonstrate sound and proactive risk management and oversight throughout the organization.

Alight Announces Closing of Upsized Secondary Offering of Common Stock and Full Exercise of Over-Allotment Option

Retrieved on: 
Monday, March 6, 2023
Data Analytics, Professional Services, Human Resources, Credit Suisse, Partner, Wedbush Securities, BMO Capital Markets, Citigroup, Common stock, NYSE, ATTN:, Form, KeyBank, Blackstone, Exercise, Morgan Stanley, Sale, RSC, Broadridge Financial Solutions, Enterprise file synchronization and sharing, Blackstone Inc., BofA Securities, Telephone, Bank of America, EDGAR, Needham & Company, Prospectus, Stern, Security (finance)

Alight, Inc. (“Alight” or the “Company”) (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced the closing of the upsized underwritten secondary public offering of 52,900,000 shares of Alight’s Class A common stock (the “offering”) by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte.

Key Points: 
  • Alight, Inc. (“Alight” or the “Company”) (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced the closing of the upsized underwritten secondary public offering of 52,900,000 shares of Alight’s Class A common stock (the “offering”) by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte.
  • Alight did not sell any shares of Class A common stock in the offering and did not receive any proceeds from the offering.
  • J.P. Morgan and BofA Securities acted as joint lead book-running managers of, and as representatives of the underwriters for, the offering.
  • A prospectus supplement and accompanying prospectus relating to and describing the terms of the offering is available on the SEC's website located at www.sec.gov .

BROAD STREET REALTY, INC. Update from Michael Z. Jacoby, Chairman of the Board and Chief Executive Officer

Retrieved on: 
Thursday, March 9, 2023
Healthcare Financial Management Association, Housing, Broad Street, Federal Reserve, Boston University, News, Acquisition, Fortification, OTCQX, Health care, Blackstone, Growth, BRST, Sale, AutoZone, ABR, Blackstone Inc., JV, Federal, ARC, University, Letter, Tenant, Mitchell, University of Chicago, Fortress Investment Group, Target, Commercial property, Security (finance), Property management, COVID-19, Casa Bonita, D.C

All together, these new acquisitions offer further upside through leasing and are immediately accretive to the company.

Key Points: 
  • All together, these new acquisitions offer further upside through leasing and are immediately accretive to the company.
  • In addition, both our Chief Financial Officer, Alex Topchy, and I receive a portion of our compensation in stock.
  • I have yet to sell, nor do I have any near term intention of selling, any shares of my Broad Street stock.
  • A final major focus for early 2023 is improving the cultural framework for our extraordinary staff to deliver extraordinary performance.

NEST NEW YORK NAMES EDGAR HUBER CHIEF EXECUTIVE OFFICER

Retrieved on: 
Thursday, March 9, 2023
Blackstone Inc., Slatkin, Business administration, INSEAD, NEST, Harvard Business School, Dempsey, Business, Coty Inc., Hawk's Nest, New York, Mars, Eye, Senior advisor, Beauty, Coty, CEDEP, University of Vienna, Mars, Incorporated, Land, Viktor & Rolf, Management, Economics

NEW YORK, March 9, 2023 /PRNewswire/ -- NEST New York, a leading fragrance lifestyle brand, announced the appointment of Edgar Huber as Chief Executive Officer, effective March 1. Huber brings to NEST more than 30 years of executive leadership experience at several leading consumer products companies managing some of the most recognizable brand names in global beauty, apparel, and lifestyle.

Key Points: 
  • NEW YORK, March 9, 2023 /PRNewswire/ -- NEST New York, a leading fragrance lifestyle brand, announced the appointment of Edgar Huber as Chief Executive Officer, effective March 1.
  • Huber brings to NEST more than 30 years of executive leadership experience at several leading consumer products companies managing some of the most recognizable brand names in global beauty, apparel, and lifestyle.
  • Huber started his career at Mars, Inc.
    "I am very excited to join NEST New York and partner with its Founder Laura Slatkin, the talented NEST team, and lead investor groups North Castle Partners and Eurazeo to expand this beautiful brand to its full global potential," said Edgar Huber.
  • "To say that I feel privileged and honored to welcome Edgar Huber as NEST's next CEO is a broad understatement," said Laura Slatkin, Founder and Executive Chairman of NEST New York.

SIMPLILEARN FURTHER STRENGTHENS ITS LEADERSHIP: ANDREW WAIT APPOINTED AS A BOARD MEMBER

Retrieved on: 
Tuesday, March 7, 2023
College of California, MBA, Learning, B2B, SAN, Halo: Combat Evolved, College, Engineering, Acquisition, Blackstone Inc., Busuu, Science and technology in Asia, Fender, Student, IPO, St. Mary's, Fullstack Academy, International finance, Knowledge, Organization, Fender (company), International trade, Marketing, Boot, ADQ, Management

In 2021, Simplilearn attracted an investment of $250 million by private equity firm, Blackstone Group.

Key Points: 
  • In 2021, Simplilearn attracted an investment of $250 million by private equity firm, Blackstone Group.
  • With decades of professional experience, Andrew Wait is a successful board member, consultant, president, and a general manager.
  • Sharing thoughts on Andrew Wait's appointment, Mr. Krishna Kumar, Founder & CEO, Simplilearn, said, "I am happy to welcome our latest member to the Simplilearn family.
  • I welcome Andrew to Simplilearn and look forward to working together to deliver the best to our customers globally."

SIMPLILEARN FURTHER STRENGTHENS ITS LEADERSHIP: ANDREW WAIT APPOINTED AS A BOARD MEMBER

Retrieved on: 
Tuesday, March 7, 2023
College of California, MBA, Learning, B2B, SAN, Halo: Combat Evolved, College, Engineering, Acquisition, Blackstone Inc., Busuu, Science and technology in Asia, Fender, Student, IPO, St. Mary's, Fullstack Academy, International finance, Knowledge, Organization, Fender (company), International trade, Marketing, Boot, ADQ, Management

In 2021, Simplilearn attracted an investment of $250 million by private equity firm, Blackstone Group.

Key Points: 
  • In 2021, Simplilearn attracted an investment of $250 million by private equity firm, Blackstone Group.
  • With decades of professional experience, Andrew Wait is a successful board member, consultant, president, and a general manager.
  • Sharing thoughts on Andrew Wait's appointment, Mr. Krishna Kumar, Founder & CEO, Simplilearn, said, "I am happy to welcome our latest member to the Simplilearn family.
  • I welcome Andrew to Simplilearn and look forward to working together to deliver the best to our customers globally."

Bumble Inc. Announces Pricing of Secondary Offering of Shares of Class A Common Stock

Retrieved on: 
Friday, March 3, 2023
Lifestyle, Communications, Consumer, Social Media, Women, Men, MUFG, KeyBank, BMO Capital Markets, Goldman Sachs, Telephone, BofA Securities, Blackstone Inc., Attention, Citigroup, Morgan Stanley, Sale, Huatai Securities, Blackstone, SMBC Nikko Securities, Prospectus, RBC Capital Markets, Evercore, Inc., BNP PARIBAS, Bumble, Jefferies, Security (finance), Stifel

Blackstone has also granted the underwriters a 30-day option to purchase up to an additional 2,062,500 shares of Bumble’s Class A common stock.

Key Points: 
  • Blackstone has also granted the underwriters a 30-day option to purchase up to an additional 2,062,500 shares of Bumble’s Class A common stock.
  • The offering is expected to close on March 8, 2023, subject to customary closing conditions.
  • Bumble is not selling any shares of Class A common stock in the offering and will not receive any of the proceeds from the sale.
  • Bumble will bear the costs associated with the sale of such shares, other than the underwriting discounts.

Bumble Inc. Announces Secondary Offering of Shares of Class A Common Stock

Retrieved on: 
Thursday, March 2, 2023
Communications, Other Consumer, Consumer, Social Media, Apps, Applications, Technology, Mobile, Wireless, Goldman Sachs, Telephone, Blackstone Inc., Attention, Citigroup, Sale, Security (finance), Blackstone, Prospectus, Inc., Bumble

Additionally, Blackstone intends to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Bumble’s Class A common stock.

Key Points: 
  • Additionally, Blackstone intends to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Bumble’s Class A common stock.
  • Bumble is not selling any shares of Class A common stock in the offering and will not receive any of the proceeds from the sale.
  • Bumble will bear the costs associated with the sale of such shares, other than the underwriting discounts.
  • Citigroup and Goldman Sachs & Co. LLC are acting as joint lead book-running managers and as representatives of the underwriters for the offering.