Private equity

VPC Impact Acquisition Holdings Announces Pricing of $200 Million Initial Public Offering

Technology, Professional services, Other Technology, Finance, Corporate finance, Private equity, Special-purpose acquisition company, Government procurement in the United States
Wednesday, September 23, 2020 - 1:00am

VPC Impact Acquisition Holdings (the Company), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses or entities, today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit.

Key Points: 
  • VPC Impact Acquisition Holdings (the Company), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses or entities, today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit.
  • The offering is expected to close on September 25, 2020, subject to customary closing conditions.
  • This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds.
  • VPC Impact Acquisition Holdings acquisition and value creation strategy will be to identify, partner with and help grow a business in the Fintech sector.

Associated Capital Group Today Announces the Successful $175 Million Offering of its Consumer Focused PMV Consumer Acquisition Corp.

Other Professional Services, Professional services, Finance, Corporate finance, Private equity, Special-purpose acquisition company
Tuesday, September 22, 2020 - 9:13pm

Associated Capital (NYSE:AC) announced today the $175 million initial public offering of its special purpose acquisition corporation, PMV Consumer Acquisition Corp. (NYSE:PMVC).

Key Points: 
  • Associated Capital (NYSE:AC) announced today the $175 million initial public offering of its special purpose acquisition corporation, PMV Consumer Acquisition Corp. (NYSE:PMVC).
  • PMV Consumer Acquisition Corp. was created to pursue an initial business combination following the consumer globally with companies having an enterprise valuation in the range of $200 million to $3.5 billion.
  • PMV Consumer Acquisition is Associated Capital Groups second launch of a SPAC and follows the template established for other affiliated SPACs from the Gabelli Group of companies.
  • Associated Capital along with the PMVC operating management, partners and advisors invested in the Sponsor to fund the SPACs initial public offering.

Forum Equity Partners announces new real estate activities

Finance, Money, Economy, Investment, Private equity, Alternative investment, Investor
Tuesday, September 22, 2020 - 3:00pm

TORONTO, Sept. 22, 2020 /PRNewswire/ - Forum Equity Partners ("Forum") is excited to announce that Aly Damji joined the company as a Partner in May 2020, to grow and to lead Forum's real estate business.

Key Points: 
  • TORONTO, Sept. 22, 2020 /PRNewswire/ - Forum Equity Partners ("Forum") is excited to announce that Aly Damji joined the company as a Partner in May 2020, to grow and to lead Forum's real estate business.
  • Forum is a developer, private capital investor and alternative asset manager with a focus on real estate and private equity.
  • Prior to joining Forum, Aly was EVP, Investments & Asset Management for Hullmark, a private urban real estate investor/developer in Downtown Toronto.
  • Hoa spent over two years at TD Securities where she was involved with over $2B of real estate transactions.

Electric Vehicles, E-Commerce Deliveries, & Diesel Innovations: CEO’s of UPS, dynaCERT, Workhorse Group, and Caterpillar Discuss Keeping The World Moving

Investment, Private equity, Corporate finance, Equity securities
Tuesday, September 22, 2020 - 2:21pm

Through this time of global pandemic and social unrest, UPS is keeping the world moving...Consolidated revenue rose 13.4% from last year to $20.5 billion.

Key Points: 
  • Through this time of global pandemic and social unrest, UPS is keeping the world moving...Consolidated revenue rose 13.4% from last year to $20.5 billion.
  • But what got us where we are today will not get us to where we need to go in the future.
  • We will leverage our technology and portfolio of services to drive greater cash generation and higher returns on invested capital.
  • 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts.

Palladium Equity Partners Acquires Trachte USA

Finance, Money, Economy, Private equity firm, Private equity
Tuesday, September 22, 2020 - 1:56pm

NEW YORK and OREGON, Wis., Sept. 22, 2020 /PRNewswire/ --Palladium Equity Partners, LLC (along with its affiliates, "Palladium"), a middle market private equity firm with approximately $3 billion in assets under management, today announced that it has acquired Trachte USA ("Trachte"), a leading provider of engineered buildings, hardware and related solutions that house electrical controls, switchgear, and other advanced equipment and systems, in partnership with management and members of the Trachte family, who will continue to be investors in the business.

Key Points: 
  • NEW YORK and OREGON, Wis., Sept. 22, 2020 /PRNewswire/ --Palladium Equity Partners, LLC (along with its affiliates, "Palladium"), a middle market private equity firm with approximately $3 billion in assets under management, today announced that it has acquired Trachte USA ("Trachte"), a leading provider of engineered buildings, hardware and related solutions that house electrical controls, switchgear, and other advanced equipment and systems, in partnership with management and members of the Trachte family, who will continue to be investors in the business.
  • Palladium is acquiring a majority equity interest in Trachte from MPE Partners, which will also maintain a minority equity interest in the business.
  • Joe Machado, Partner at MPE Partners, said, "Palladium brings a wealth of knowledge, expertise, and resources to Trachte.
  • Media Contact for Palladium Equity Partners:

PMV Capital Launches Two Private Funds

Finance, Money, Economy, Private equity, Accredited investor, Financial regulation, Investment, Venture capital
Tuesday, September 22, 2020 - 1:42pm

ADDISON, Texas, Sept. 22, 2020 /PRNewswire/ --PMV Capital, LLC, a financial services firm that offers a combination of traditional financial planning, sub-advisory, and private funds, announced today that it has launched two open-ended private funds: PMV Capital Fund I, LP and PMV High Exposure Fund I, LP.

Key Points: 
  • ADDISON, Texas, Sept. 22, 2020 /PRNewswire/ --PMV Capital, LLC, a financial services firm that offers a combination of traditional financial planning, sub-advisory, and private funds, announced today that it has launched two open-ended private funds: PMV Capital Fund I, LP and PMV High Exposure Fund I, LP.
  • For more on PMV and its private funds, visit https://www.pmvcapital.com/investment-offerings or call Daniel Snover at (972) 850-0141.
  • PMV Capital is the parent company of PMV Capital Advisers, LLC, and serves as the general partner of PMV Capital Fund I, LP and PMV High Exposure Fund I, LP.
  • PMV provides retirement and wealth management to individuals, sub-advisory and third-party management to other investment advisers, and private funds for accredited investors.

Blackstone Announces $8.0 Billion Final Close for Latest Real Estate Debt Strategies Fund

Professional services, Other Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Investment, Finance, The Blackstone Group, Companies, Private equity, Jonathan D. Gray
Tuesday, September 22, 2020 - 1:30pm

Blackstone (NYSE: BX) today announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV (BREDS IV).

Key Points: 
  • Blackstone (NYSE: BX) today announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV (BREDS IV).
  • Blackstone Real Estate Debt Strategies has $26 billion of assets under management, and Blackstone Real Estate has a total of $167 billion of investor capital under management as of the second quarter of 2020.
  • Jonathan Pollack, Global Head of the Blackstone Real Estate Debt Strategies, said, This fundraise reflects the significant demand for capital in the real estate debt markets and the continued confidence in our business from our limited partners.
  • Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Audax Private Equity Portfolio Company, Astute, Inc. Acquires Socialbakers

Software, Mobile, Wireless, Internet, Social media, Data management, Technology, Other Communications, Public relations, Investor relations, Marketing, Advertising, Communications, Other Technology, Finance, Money, Economy, Financial markets, Investment, Digital marketing, Socialbakers, Private equity fund, Private equity
Tuesday, September 22, 2020 - 1:00pm

Audax Private Equity (Audax) announced that its portfolio company, Astute, Inc. (Astute), a leading provider of SaaS-based, omnichannel consumer engagement software, has acquired Socialbakers, a.s (Socialbakers).

Key Points: 
  • Audax Private Equity (Audax) announced that its portfolio company, Astute, Inc. (Astute), a leading provider of SaaS-based, omnichannel consumer engagement software, has acquired Socialbakers, a.s (Socialbakers).
  • Socialbakers expertise in social media management and related analytics will further enrich the combined end-to-end solution, benefitting both Astute and Socialbakers customers.
  • Since its founding in 1999, the firm has raised over $26 billion in capital across its Private Equity and Private Debt businesses.
  • Audax Private Equity has invested over $6 billion in more than 130 platforms and 875 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund.

Pennybacker Capital Management Recruits Two Senior Executives to Support Credit Strategy Growth

Finance, Money, Economy, Equity securities, WeWork, Private equity
Tuesday, September 22, 2020 - 1:03pm

AUSTIN, Texas, Sept. 22, 2020 /PRNewswire/ --Pennybacker Capital Management, LLC, a real estate-focused private equity firm managing $3.2 billion of investments, announced the appointment of two new senior executives within its credit group.

Key Points: 
  • AUSTIN, Texas, Sept. 22, 2020 /PRNewswire/ --Pennybacker Capital Management, LLC, a real estate-focused private equity firm managing $3.2 billion of investments, announced the appointment of two new senior executives within its credit group.
  • Parrinello came to Pennybacker from Guggenheim Commercial Real Estate Finance, where he originated and closed more than $1.8 billion of senior, mezzanine, and construction loans.
  • Mas joined Pennybacker from WeWork, where she focused on enterprise clients as part of the portfolio optimization and asset management team.
  • Pennybacker Capital is an alternative investment manager focused on real estate private equity and credit investments.

Cube Boosts Executive Leadership Team With Addition Of Chief Revenue Officer, Scott Samios

Entrepreneurship, Private equity, Startup company, Chief revenue officer
Tuesday, September 22, 2020 - 1:00pm

NEW YORK, Sept. 22, 2020 /PRNewswire/ --Cube, the next generation Financial Planning & Analysis (FP&A) platform for Finance teams, announced today the addition of Scott Samio s as Chief Revenue Officer to the team.

Key Points: 
  • NEW YORK, Sept. 22, 2020 /PRNewswire/ --Cube, the next generation Financial Planning & Analysis (FP&A) platform for Finance teams, announced today the addition of Scott Samio s as Chief Revenue Officer to the team.
  • Scott brings extensive experience scaling and optimizing the sales and marketing functions at a number of innovative SaaS tech startups through multiple years of triple digit revenue growth.
  • "We've had the pleasure of working with Scott, a serial CRO from startups and growth stage companies, as an advisor to the company over the last year."
  • Cube is the next-generation FP&A platform that empowers Finance teams to deliver faster, more impactful strategic value across the organization.