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U.S. District Court Throws Out Frivolous Lawsuit Filed Against Medea Inc.

Retrieved on: 
Tuesday, June 22, 2021

BOSTON, June 22, 2021 /PRNewswire/ --Today, United States District Court Judge, Denise J. Casper granted Medea Inc.'s ("Medea") Motion for Summary Judgment in the matter of CRG Financial, LLC, et al.

Key Points: 
  • BOSTON, June 22, 2021 /PRNewswire/ --Today, United States District Court Judge, Denise J. Casper granted Medea Inc.'s ("Medea") Motion for Summary Judgment in the matter of CRG Financial, LLC, et al.
  • v. Two Diamond Capital Corp. and Medea Inc. (District of Massachusetts, Case No.
  • Medea's Chairman and CEO, Brandon Laidlaw stated earlier today that "we are extremely pleased that the District Court granted summary judgment in our favor on all counts.
  • The Company created a new division, Medea Medical Products ("MMP"), to respond to growing consumer requests.

Cerberus and Highgate to Acquire Dorsett City London Hotel

Retrieved on: 
Tuesday, June 15, 2021

Cerberus Capital Management, L.P. (together with its affiliates Cerberus) and Highgate today announced the signing of a Sale and Purchase Agreement (SPA) for the acquisition of Dorsett City London, located at 9-13 Aldgate High Street in London (the Hotel), from subsidiaries of Far East Consortium International Limited (FEC; SEHK: 35).

Key Points: 
  • Cerberus Capital Management, L.P. (together with its affiliates Cerberus) and Highgate today announced the signing of a Sale and Purchase Agreement (SPA) for the acquisition of Dorsett City London, located at 9-13 Aldgate High Street in London (the Hotel), from subsidiaries of Far East Consortium International Limited (FEC; SEHK: 35).
  • Located in the heart of Londons financial district with a strong reputation for luxury and service, Dorsett City London is well-positioned to capitalize on the ongoing economic recovery.
  • We are excited to add Dorsett City London to our growing portfolio of high-quality U.K. and European hospitality assets, said Lee Millstein, President of Cerberus Global Investments and Global Head of Real Estate for Cerberus.
  • Mehdi Khimji, Co-Founder and Managing Principal of Highgate, commented, Highgate is excited to collaborate with Cerberus to acquire this prominent London property that is poised to meet the steadily rising demand for premier hospitality experiences for business and leisure.

Prometheus Laboratories Announces New Agreement with MultiPlan, Expanding Patient Access to Specialized GI Testing

Retrieved on: 
Tuesday, June 15, 2021

The agreement will provide access to all Prometheus testing services to over 60 million members and one million healthcare providers in MultiPlan's provider networks.

Key Points: 
  • The agreement will provide access to all Prometheus testing services to over 60 million members and one million healthcare providers in MultiPlan's provider networks.
  • Prometheus offers breakthrough testing solutions that help optimize care and improve outcomes in GI diseases and disorders.
  • "Access to our specialized testing services through the partnership with MultiPlan, its partners, providers, and plan members will significantly expand the availability of these important services to help transform patient care," said Mike Walther, President of Prometheus Laboratories.
  • Prometheus Laboratories is a specialty clinical laboratory which enables precision-guided care in Inflammatory Bowel Disease and other GI disorders.

Cerberus Sentinel announces acquisition of Ground Control IT

Retrieved on: 
Tuesday, June 15, 2021

Under the terms of the agreement, Ground Control will become part of Cerberus Sentinel and will continue to focus on providing integrated risk managed services to a diverse set of customers.

Key Points: 
  • Under the terms of the agreement, Ground Control will become part of Cerberus Sentinel and will continue to focus on providing integrated risk managed services to a diverse set of customers.
  • With the new organizational structure, Ground Control President Ryan Greyslak will take on the role of vice president, managed services, for Cerberus Sentinel.
  • Ground Control is an excellent fit for the Cerberus portfolio of companies, said David Jemmett, CEO and founder of Cerberus Sentinel.
  • Ground Control will continue to be based in Arizona with its staff members working from Cerberus Sentinel's home office.

Helios Technologies Appoints New President of CVT

Retrieved on: 
Monday, June 7, 2021
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210607005179/en/
    Mr. Morgan joined Helios Technologies in 2018 in the position of Vice President of Global Tax.
  • He became Senior Vice President and Managing Director of CVT in November 2020 where he has been responsible for managing CVTs global operations.
  • Josef Matosevic, President and Chief Executive Officer of Helios Technologies, commented, Among our shared values is developing and leveraging the deep talent that is within the Helios organization and establishing an optimal structure that will be the force multiplier for effective execution of our augmented strategy.
  • Mr. Morgan commented, I am humbled by the opportunity to guide the incredibly talented global CVT team here at Helios.

Eros Now Expands Existing AVOD Partnership with Xfinite’s Mzaalo Platform

Retrieved on: 
Wednesday, June 2, 2021

Commenting on the announcement, Ali Hussein, CEO of Eros Now, says: One of our strategic imperatives is to fully monetize the Eros Now platform.

Key Points: 
  • Commenting on the announcement, Ali Hussein, CEO of Eros Now, says: One of our strategic imperatives is to fully monetize the Eros Now platform.
  • A key aspect of our strategy is to expand into ad-supported streaming and this partnership with Mzaalo does just that.
  • ErosSTX is licensing the majority of the existing Eros Now content library to Xfinite on an exclusive basis for global AVOD monetization.
  • Eros Now currently plans to offer premium original titles and movies in the first window to Eros Now paying subscribers.

Cerberus Acquires Leading Technology Provider Red River

Retrieved on: 
Tuesday, June 1, 2021

Cerberus Capital Management, L.P. (Cerberus), a global leader in alternative investing, today announced that one of its affiliates has acquired a majority stake in Red River Technology (Red River or the Company) from a group including the Companys founding shareholders and Acacia Partners.

Key Points: 
  • Cerberus Capital Management, L.P. (Cerberus), a global leader in alternative investing, today announced that one of its affiliates has acquired a majority stake in Red River Technology (Red River or the Company) from a group including the Companys founding shareholders and Acacia Partners.
  • Red River is a leading provider of technology solutions and managed services with mission-critical expertise in security, networking, data center, collaboration, mobility and cloud applications.
  • In partnership with Cerberus, Red River will be able to build on its market-leading platform through continued investments in its capabilities and strategic acquisitions.
  • The support of a world-class partner like Cerberus is a reflection of Red Rivers industry leadership and an endorsement for our potential, said Alan Dumas, Chief Executive Officer of Red River.

Eros Now Outlines Detailed Operating Metrics for Fiscal Year 2021 and Updates Forward Guidance

Retrieved on: 
Tuesday, May 25, 2021

Below are several key updates and metrics for the Eros Now business announced today:

Key Points: 
  • Below are several key updates and metrics for the Eros Now business announced today:
    1.
  • Subscribers: Going forward, Eros Now will concentrate on reporting the number of Premium Paid subscribers.
  • In fiscal 2021, the annual ARPU (net to Eros Now after deducting commissions, partnership fees, etc.)
  • The total watch hours related to original Eros Now series during fiscal 2021 was 2.6 million hours, which represents 9% of the total Eros Now watch hours.

Carlyle Files Notice of Work on the Newton Gold-Silver Project

Retrieved on: 
Monday, May 17, 2021

The Permit will initially allow for 50 drill site locations and can be expanded upon as work progresses.

Key Points: 
  • The Permit will initially allow for 50 drill site locations and can be expanded upon as work progresses.
  • Newton covers approximately 24,000 contiguous hectares of generally flat-lying topography, located approximately 100 km west-southwest of Williams Lake in south-central British Columbia, Canada.
  • The Company also does not imply that information or results from the Newton Gold-Silver Project, either at present or in the future, will be similar to that of Artemis\' Blackwater project or other large epithermal projects.
  • Carlyle is based in Vancouver, B.C., and is listed on the Canadian Securities Exchange ("CSE") under the symbol "CCC".\n'

Artemis Closes Out Newest Class of Associate Hires: Taylor Murphy & Nick Reyes

Retrieved on: 
Thursday, May 13, 2021

b'BOSTON, May 13, 2021 /PRNewswire/ --Artemis, a Boston-based private equity firm specializing in differentiated Industrial Technologies, today announced that Taylor Murphy and Nick Reyes have joined the Artemis family.

Key Points: 
  • b'BOSTON, May 13, 2021 /PRNewswire/ --Artemis, a Boston-based private equity firm specializing in differentiated Industrial Technologies, today announced that Taylor Murphy and Nick Reyes have joined the Artemis family.
  • She clearly has the capability to both collaborate with Artemis\' current team and bring a refreshing and unique perspective to the analysis of potential portfolio companies.
  • I look forward to working with Nick and seeing the way in which his unique skillset, background, and experiences contribute to the overall success of the firm.
  • Taylor has demonstrated a particular proficiency in executing on Artemis\' RF/Microwave & Optics/Photonics thesis driven investment philosophies while Nick, on the other hand, has quickly become Artemis\' go-to associate for supporting Artemis\' Life Sciences Technology & Specialty Chemicals/Advanced Materials theses.