Ascendant

Ascendant Capital Partners and Culver Investment Partners Acquire Portfolio of Multifamily Properties in Houston’s Fast Growing Texas Medical Center Neighborhood

Retrieved on: 
Monday, April 8, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Sun Belt, Ascendant, Partnership, CIP, Acquisition, Medical Center, Texas Medical Center, Student, Collection, Housing, Elle, Commercial property

Ascendant Capital Partners ("Ascendant"), a vertically integrated real estate investment and operating platform, and Culver Investment Partners ("CIP"), a multifamily investment platform focused on existing core-plus and value-add multifamily communities, today announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million.

Key Points: 
  • Ascendant Capital Partners ("Ascendant"), a vertically integrated real estate investment and operating platform, and Culver Investment Partners ("CIP"), a multifamily investment platform focused on existing core-plus and value-add multifamily communities, today announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million.
  • The Elle Collection comprises three multifamily assets – Elle at the Medical Center, Vie at the Medical Center, and Plaza Townhomes at the Medical Center – totaling 470 units.
  • The Medical Center is a major economic driver for Houston, attracting a strong tenant base of medical professionals and students.
  • The partnership will seek to implement a strategic capital improvement plan to enhance the resident experience at the Elle Collection properties.

mdf commerce enters definitive agreement to be acquired by KKR

Retrieved on: 
Monday, March 11, 2024
Desjardins, Arrangement, Meeting, TSX, Ascendant, Toronto Stock Exchange, KKR, Scotiabank, Sale, Transaction, Government, Calendar, Commerce, Proxy, Indian stock exchange, Software as a service, Dechert, LLP, Consideration, Canada Business Corporations Act, Partner, Stikeman Elliott

Upon completion of the Transaction, mdf commerce will become a privately held company.

Key Points: 
  • Upon completion of the Transaction, mdf commerce will become a privately held company.
  • “We are excited to strategically partner with KKR to accelerate our expansion and scale our industry-leading platform even further.
  • I am confident that KKR is the ideal partner for mdf commerce and can contribute to the Company’s continued success.”
    “KKR is closely aligned with management’s vision to accelerate technology innovation across the broader mdf commerce platforms,” said John Park, Partner at KKR.
  • “We look forward to the enormous opportunity ahead for the mdf commerce eProcurement platform as governments increasingly embrace digital solutions.

Dazheng Group Reaffirms Commitment to Acquire Hollysys Automation Technologies at US$29.50 per share and Urges Shareholders to Vote Against the Lower Priced Ascendent Transaction

Retrieved on: 
Wednesday, January 31, 2024
Professional Services, Finance, Glass Lewis, Growth, Knowledge, EGM, Failure, History, Prejudice, Glass, Ascendant, Committee, Uncertainty, ISS, Special, Repetition, Behavior, Risk, Acquisition, Sale, Foot, Letter, Institutional Shareholder Services, Consortium, Security (finance)

Buyer Consortium (“the Consortium”) led by Dazheng Group Acquisition Limited (“Dazheng Group”) today issued the following public letter to shareholders of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys”), after the latest unwarranted rejection from the Hollysys Special Committee.

Key Points: 
  • Buyer Consortium (“the Consortium”) led by Dazheng Group Acquisition Limited (“Dazheng Group”) today issued the following public letter to shareholders of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys”), after the latest unwarranted rejection from the Hollysys Special Committee.
  • Ascendent’s financing is uncertain, and the Ascendent transaction is subject to regulatory approvals, including potential Chinese national security review and outbound investment approval.
  • Institutional Shareholder Services (“ISS")and Glass Lewis have both recommended shareholders vote against the Ascendent transaction and it is not surprising that multiple shareholders have voiced their disdain for the proposed Ascendent transaction.
  • As is common market practice for investment companies, Dazheng Group solicited equity investors who were willing to participate in a transaction.

Hollysys Engages With Buyer Consortium Led by Dazheng Group Following Recommendations Against Ascendent Transaction from Leading Proxy Advisors

Retrieved on: 
Monday, January 29, 2024
Banking, Professional Services, Finance, Credible, Special, ISS, Research, EGM, Committee, Glass Lewis, Ascendant, HAT, VDR, Documentation, Consortium, Confidentiality, Sale, HKT, NDA, Hearing, Cryptocurrency

Buyer Consortium (“the Consortium”) led by Dazheng Group Acquisition Limited (“Dazheng Group”) today provided an update to Hollysys shareholders regarding recent negotiations between the Consortium and the Special Committee of the board of directors of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys”).

Key Points: 
  • Buyer Consortium (“the Consortium”) led by Dazheng Group Acquisition Limited (“Dazheng Group”) today provided an update to Hollysys shareholders regarding recent negotiations between the Consortium and the Special Committee of the board of directors of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys”).
  • The Special Committee of the Hollysys Board engaged with the Consortium over the weekend, only after adverse recommendations from both ISS and Glass Lewis regarding the proposed Ascendent Capital transaction.
  • This engagement, coinciding with leading proxy advisors ISS and Glass Lewis advising Hollysys shareholders to vote against the Ascendent transaction, appears to be more of a superficial gesture rather than a sincere attempt at meaningful dialogue.
  • Despite the above concerns, the Consortium remains committed to negotiating its latest proposal of US$29.50 and determined to acquire Hollysys.

Ascendant Announces New State-of-the-Art International Payments Tracker

Retrieved on: 
Thursday, November 16, 2023
Ascendant

TORONTO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Ascendant , the leading provider of cross-border payments for the corporate and financial institution markets, today announced the release of 0958 a state-of-the-art international payment tracker.

Key Points: 
  • TORONTO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Ascendant , the leading provider of cross-border payments for the corporate and financial institution markets, today announced the release of 0958 a state-of-the-art international payment tracker.
  • This technology allows customers and payees to track all payments in real-time.
  • Similar to tracking a package, Track 360® delivers full visibility into payment status, associated fees, and location of all payment types.
  • This innovative solution also allows payment recipients direct access to securely view the status of their payment online with real-time information.

KKR Acquires Potter Global Technologies

Retrieved on: 
Monday, November 27, 2023
Professional Services, Insurance, Finance, Safety, Ascendant, Investment, KKR, Physics, Growth, Robot Alchemic Drive, Fire, Testing, inspection and certification, Face, Education, Financial adviser, Potter

KKR, a leading global investment firm, today announced that investment funds managed by KKR have acquired Potter Global Technologies (“Potter” or the “Company”), a leading manufacturer of fire and life safety equipment, from Gryphon Investors.

Key Points: 
  • KKR, a leading global investment firm, today announced that investment funds managed by KKR have acquired Potter Global Technologies (“Potter” or the “Company”), a leading manufacturer of fire and life safety equipment, from Gryphon Investors.
  • KKR plans to support the Company in its continued growth organically and through add-on acquisitions.
  • Headquartered in St. Louis, Missouri, Potter is a trusted global provider of fire safety and emergency communication equipment used by thousands of customers across diverse end markets including education, multi-family, industrial, and healthcare.
  • KKR will support Potter in implementing a broad-based employee ownership program to allow all of its employees to have the opportunity to participate in the benefits of ownership of the Company.

Completion of Haven at Mansfield Near Dallas, TX Adds 257 Luxury Apartment Homes to Ascendant's Growing Texas Portfolio

Retrieved on: 
Monday, October 30, 2023
Detroit River Heritage Parkway, LED, Housing, Lighting, Dallas–Fort Worth metroplex, Ascendant

HOUSTON, Oct. 30, 2023 /PRNewswire-PRWeb/ -- Ascendant Development, a luxury apartment and student housing investor, developer and general contractor, announced that it has completed construction on Haven at Mansfield, located at 269 N State Hwy 360 in Mansfield, TX.

Key Points: 
  • Haven at Mansfield is already 35% preleased at rents well above proforma and on track for a very successful lease-up.
  • "Haven at Mansfield encapsulates Ascendant's strategy to develop luxury apartment communities in submarket locations in Texas characterized by strong household formation and job growth coupled with high barriers to entry for competing multifamily," said David Kulkarni, Principal.
  • In addition, the development is less than a 5-minute drive to major hospital developments and job drivers in Mansfield.
  • "Young professionals in particular have shown a strong interest in the luxury 4-story product type, with air-conditioned interior corridors and A+ luxury finishes."

Ascendant supports growth with funding package from Decathlon Capital Partners

Retrieved on: 
Wednesday, October 25, 2023
History, Decathlon, Growth, Needham, Acquisition, Partnership, Shopify, Auction, Amazon, Ascendant

 LOGAN, Utah, Oct. 25, 2023 /PRNewswire-PRWeb/ -- Ascendant, a consumer brand management company with expertise in repositioning and building a legacy consumer product business, has landed a growth funding package from Decathlon Capital Partners to support its expansion. Details of the revenue-based investment package were not disclosed.

Key Points: 
  • LOGAN, Utah, Oct. 25, 2023 /PRNewswire-PRWeb/ -- Ascendant, a consumer brand management company with expertise in repositioning and building a legacy consumer product business, has landed a growth funding package from Decathlon Capital Partners to support its expansion.
  • Ascendant will use the capital to grow the revenue of its five portfolio brands and expand through further acquisitions.
  • Headquartered in Logan, Utah, Ascendant will repay the investment by Decathlon Capital Partners through its future revenues.
  • Matt Hoffman, Vice President of Decathlon Capital Partners, said that Ascendant's growth initiatives impressed Decathlon.

ASCENDANT ANNOUNCES APPOINTMENT OF MR. VAL COETZEE AS DIRECTOR OF PROCESS ENGINEERING

Retrieved on: 
Monday, October 16, 2023
Senior, TSX, Magnesium, University of Stellenbosch Business School, Engineering, Process engineering, University, University of the Witwatersrand School of Chemical and Metallurgical Engineering, Impala Platinum, Metallurgy, Ascendant, Platinum, Nickel, Chemical engineering, FRA, Mining, Zinc, Lagoa Salgada, Platinum group, Mineral, DRA, Technical, Chrome, Copper, Uranium, Lead, Gold, Cobalt, Lithium

TORONTO, Oct. 16, 2023 /PRNewswire/ - Ascendant Resources Inc. (TSX: ASND) (OTCQB: ASDRF) (FRA: 2D9) ("Ascendant" or the "Company") is pleased to announce that it has strengthened its technical team with the addition of Mr. Val Coetzee who has been appointed as Director, Process Engineering.

Key Points: 
  • TORONTO, Oct. 16, 2023 /PRNewswire/ - Ascendant Resources Inc. (TSX: ASND) (OTCQB: ASDRF) (FRA: 2D9) ("Ascendant" or the "Company") is pleased to announce that it has strengthened its technical team with the addition of Mr. Val Coetzee who has been appointed as Director, Process Engineering.
  • Mr. Coetzee is a senior process engineering professional with over 25 years of experience in process engineering design, operational management, metallurgical analysis, risk analysis, economic valuation and executive leadership within the global mining industry.
  • For the past decade, Mr. Coetzee has been at DRA Global rising to the role of Senior Vice President for Process Engineering.
  • Mark Brennan, Executive Chairman of Ascendant stated, "We are extremely pleased to welcome Val to the Technical team at Ascendant.

Completion of Preserve at Woodridge in Kingwood, TX Adds 131 Luxury Build-to-Rent Homes to Ascendant's Growing Texas BTR Portfolio

Retrieved on: 
Friday, October 13, 2023
Preserve, Lighting, Ascendant, Housing, Kingwood Park High School, LED, Self storage

HOUSTON, Oct. 13, 2023 /PRNewswire-PRWeb/ -- Ascendant Development, a luxury apartment and student housing investor, developer and general contractor, announced completion of construction on Preserve at Woodridge, located at 4520 Woodridge Parkway in Kingwood, TX.

Key Points: 
  • HOUSTON, Oct. 13, 2023 /PRNewswire-PRWeb/ -- Ascendant Development, a luxury apartment and student housing investor, developer and general contractor, announced completion of construction on Preserve at Woodridge, located at 4520 Woodridge Parkway in Kingwood, TX.
  • "The Preserve at Woodridge is the result of countless manhours from Ascendant and its elite design team developing the ideal product for the build to rent sector," said David Kulkarni, Principal.
  • "Further, the location of The Preserve in the mature, master planned community of Kingwood next to Kingwood Park High School is ideal for the build to rent product type.
  • The community, consisting of 131 one-story detached single-family homes plus an expansive clubhouse, was planned and designed by EDI International.