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LLCP Announces Key Firm Promotions

Lastest from Businesswire - Mon, 01/22/2024 - 08:57
LOS ANGELES--(BUSINESS WIRE)--Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, today announced that Josh Kaufman has been named a Partner of the firm, effective January 1, 2024. Josh will also continue in his role as the Head of the firm’s European business. LLCP also announced the promotions of seven members of its Investment Management and Originations teams: Debbie Habib, Michael Knapp, and Adam McKean have been promoted to Managing Director. Jay Berajwala

KKR Provides Global Accounts Receivable Facility to Weber LLC

Lastest from Businesswire - Mon, 01/22/2024 - 08:57
NEW YORK--(BUSINESS WIRE)--KKR today announced that its private credit funds and accounts have provided a non-recourse accounts receivable financing for Weber LLC (“Weber”), the global leader in outdoor cooking products, innovation, and technology, to support the company’s operations and strategic investments in long-term growth. The initial $200 million facility is collateralized by certain accounts receivables of Weber in the U.S. and international markets, with subsequent closes of up to $10

Sheridan Capital Partners-Backed Oral Surgery Partners Announces $400M Credit Expansion, Multiple Acquisitions, and C-Suite Hires

Lastest from Businesswire - Mon, 01/22/2024 - 08:57
CHICAGO--(BUSINESS WIRE)--Oral Surgery Partners (“OSP”), an established and rapidly-growing oral surgery management group backed by Sheridan Capital Partners (“SCP”), announced today the closing of a $400+ million credit expansion to build on existing success in partnership with funds managed by Neuberger Berman and Aquarian Investments. With this additional capital, OSP will continue investing in infrastructure and pursuing add-on acquisitions and partnerships nationwide. Since investing in 20

Bank of Hawai‘i Corporation Fourth Quarter 2023 Financial Results

Lastest from Businesswire - Mon, 01/22/2024 - 08:57
HONOLULU--(BUSINESS WIRE)--Bank of Hawai‘i Corporation (NYSE: BOH) today reported diluted earnings per common share of $4.14 for the full year of 2023 compared with diluted earnings per common share of $5.48 for the full year of 2022. An industry-wide FDIC Special Assessment resulted in a $14.7 million charge in the fourth quarter of 2023 which negatively impacted diluted earnings per common share by $0.29. Net income for the year was $171.2 million, down 24.2% from the previous year. The retur

Prodigy Care Services Introduces PACparency, a Post-acute Care Cost-Containment Solution Providing Financial Transparency to Workers’ Compensation Payers

Lastest from Businesswire - Mon, 01/22/2024 - 08:57
AUSTIN, Texas--(BUSINESS WIRE)-- #PAC--Prodigy Care Services' new PACparency post-acute care cost-containment program provides full financial transparency for workers' compensation payers.

Engine Capital Sends Letter to Parkland Corp.’s Board of Directors Regarding the Need to Collaborate with Shareholders on Value-Enhancing Changes

Lastest from Businesswire - Mon, 01/22/2024 - 08:57
NEW YORK--(BUSINESS WIRE)--Engine Capital LP, which owns approximately 2.5% of Parkland Corporation’s (TSX: PKI) outstanding shares, today sent the above letter to members of Parkland Corporation’s Board of Directors.

Climate Tech PR Agency Technica Communications Named PR Campaign of the Year Finalist for Ragan’s 2023 PR Daily Awards

Lastest from Businesswire - Mon, 01/22/2024 - 08:57
PALO ALTO, Calif.--(BUSINESS WIRE)--Veteran cleantech and climate tech public relations agency Technica Communications was named a finalist in the 2023 Ragan’s PR Daily Awards in the PR Campaign of the Year category for its work with a leading zero-emission aviation startup. Conducted yearly, Ragan’s PR Daily Awards highlight the best public relations campaigns that have increased success for clients and organizations applying for recognition. A full case study of the media campaign can be foun

The EEcosystem Introduces New Career Development Offerings

Lastest from Businesswire - Mon, 01/22/2024 - 05:57
MURRIETA, Calif.--(BUSINESS WIRE)--Today, The EEcosystem™ Electronics Engineering podcast and platform proudly announced a series of strategic enhancements, underscoring its commitment to serve and bring value to electronics engineers and the industry. In a comprehensive announcement, the company introduced new career development offerings, unveiled in an innovative community-centric online hub for professional engineers, and welcomed two seasoned executives to its leadership team. Career Conci

BNTX INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that BioNTech SE Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Lastest from Businesswire - Mon, 01/22/2024 - 05:57
NEW YORK--(BUSINESS WIRE)---- $BNTX #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against BioNTech SE (“BioNTech” or “the Company”) (NASDAQ: BNTX) and certain of its officers. Class Definition: This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired BioNTech securit

Ownera Expands Leadership team with Strategic Industry Hires

Lastest from Businesswire - Mon, 01/22/2024 - 05:57
LONDON--(BUSINESS WIRE)-- #Interoperability--Ownera, a leader in tokenization interoperability solutions, proudly announces the strategic addition of three seasoned professionals to its board and management team. Itay Tuchman, Natasha Benson and Emmanuel Aidoo bring a wealth of experience and expertise to drive Ownera's continued growth and success. Itay Tuchman, the former Global Head of Foreign Exchange at Citi and Founder and CEO of TomorrowNext, joins the Ownera Board. With over twenty years of senior financia

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Archer-Daniels-Midland Company (ADM) on Behalf of Investors

Lastest from Businesswire - Sun, 01/21/2024 - 23:57
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP Announces Investigation of Archer-Daniels-Midland Company (ADM) on Behalf of Investors

Browning West Discloses Gildan Activewear’s Efforts to Deprive Shareholders of an Opportunity to Reconstitute the Board at a Validly Requisitioned Special Meeting

Lastest from Businesswire - Sun, 01/21/2024 - 23:57
LOS ANGELES--(BUSINESS WIRE)--Browning West, LP (together with its affiliates, “Browning West” or “we”), which is a long-term shareholder of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL) (“Gildan” or the “Company”) and beneficially owns approximately 5.0% of the Company’s outstanding shares, today issued an open letter to fellow shareholders in response to the Board of Directors’ (the “Board”) attempt to invalidate Browning West’s valid requisition for a Special Meeting of Shareholders (the “Sp

Ondo Finance Expands Focus to Asia Pacific, Making it Easier to Invest In US-Based Assets

Lastest from Businesswire - Sun, 01/21/2024 - 23:57
HONG KONG--(BUSINESS WIRE)--Ondo Finance, a leading player in onchain finance, announced its expansion into the Asia Pacific with the opening of its first office in the region.

Macy’s, Inc. Board of Directors Responds to Unsolicited Non-Binding Proposal from Arkhouse and Brigade

Lastest from Businesswire - Sun, 01/21/2024 - 20:57
NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE: M) confirmed today that it received an unsolicited, non-binding proposal from Arkhouse Management Co. LP (“Arkhouse”) and Brigade Capital Management, LP (“Brigade”) to acquire all of the outstanding shares of the Company for $21.00 per share in cash on December 1, 2023, and that the Macy’s, Inc. Board of Directors (the “Board”) has determined that the non-binding proposal does not constitute a basis to enter into a non-disclosure agreement or provi

Stonepeak Strengthens Presence in South Korea with Senior Leadership Appointment

Lastest from Businesswire - Sun, 01/21/2024 - 20:57
NEW YORK & SEOUL, South Korea--(BUSINESS WIRE)--Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has appointed Sung Eun Ahn as Chairman, Korea, effective February 1, 2024. Based in Seoul, Sung Eun will help to support Stonepeak’s APAC business and the diligent execution of the firm’s investment strategies in the region. Sung Eun joins Stonepeak with significant financial services and leadership experience, having most recen

Arkhouse Issues Statement on Macy’s, Inc.

Lastest from Businesswire - Sun, 01/21/2024 - 20:57
NEW YORK--(BUSINESS WIRE)--Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), which owns a significant stake in Macy’s, Inc. (“Macy’s” or the “Company”) (NYSE: M), today issued the following statement from Arkhouse Managing Partners Gavriel Kahane and Jonathon Blackwell: “In recent weeks, Arkhouse and our partner, Brigade Capital Management, LP, have engaged privately with Macy’s regarding a potential acquisition of the Company. Our investor group can confirm t

SolarEdge Announces a Global Workforce Reduction

Lastest from Businesswire - Sun, 01/21/2024 - 11:57
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today a restructuring plan that includes workforce reduction designed to reduce operating expenses and align its cost structure to current market dynamics. The workforce reduction impacts approximately 16% of the SolarEdge global workforce, or approximately 900 employees, of which approximately 500 are from the Company’s various manufacturing sites.

The Law Offices of Frank R. Cruz Announces Investigation of Spirit AeroSystems Holdings, Inc. (SPR) on Behalf of Investors

Lastest from Businesswire - Sat, 01/20/2024 - 14:57
LOS ANGELES--(BUSINESS WIRE)---- $STOCKS--The Law Offices of Frank R. Cruz Announces Investigation of Spirit AeroSystems Holdings, Inc. (SPR) on Behalf of Investors

The Inland Real Estate Group of Companies, Inc. Mourns the Loss of Founder, Chairman and CEO Daniel L. Goodwin

Lastest from Businesswire - Sat, 01/20/2024 - 14:57
OAK BROOK, Ill.--(BUSINESS WIRE)--It is with great sadness that Inland announces its Founder, Chairman and CEO Daniel L. Goodwin passed away at the age of 80.

BNTX ANNOUNCEMENT: Kessler Topaz Meltzer & Check, LLP Announces Investor Securities Fraud Class Action Lawsuit Filed Against BioNTech SE (BNTX)

Lastest from Businesswire - Sat, 01/20/2024 - 14:57
RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against BioNTech SE (“BioNTech”) (NASDAQ: BNTX). The action charges BioNTech with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of BioNTech’ s materially misleading statements and omissions to the publ

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