Kirkland & Ellis

Prominent Restructuring Attorney Joins Investment Bank Gordian Group

Retrieved on:

Tuesday, March 26, 2024

Mayer Brown, Kirkland & Ellis, Senior, Senior counsel, Security (finance)

Adam Paul Will Be a Senior Managing Director

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New York, New York--(Newsfile Corp. - March 26, 2024) - Gordian Group, a premier restructuring investment bank, today announced that Adam Paul is joining the firm as a Senior Managing Director.
Adam previously was a senior partner in the Restructuring practice of Kirkland & Ellis and the global co-chair of the Restructuring Group at Mayer Brown.
With his tremendous experience in counseling boards, he will also provide an important perspective in our investment banking engagements."
"As a former sponsor and company-side attorney, I am particularly drawn to Gordian's unique space in the restructuring firmament.

Sientra Announces Completion and Winning Bidders of its Section 363 Sales Auction

Retrieved on:

Tuesday, April 2, 2024

Stifel, Tiger, Sale, Berkeley Research Group, Acquisition, Blank Rome, United States bankruptcy court, Bankruptcy, Breast, Regenerative medicine, Hearing, Kirkland & Ellis, Kirkland, Insurance

IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Sientra, Inc. (“Sientra” or the “Company”) announced that, following the completion of its Section 363 sales auction, Tiger Aesthetics Medical, LLC (“Tiger”) has been declared the successful bidder for certain of the assets of Sientra used in its breast reconstruction and augmentation business. As consideration for the acquisition, Tiger will pay a cash consideration of $42.5 million as well as assume certain liabilities of the Company, including up to $7 million in cure costs for certain assumed contracts, all the Company’s warranties for breast implants sold prior to the closing date, and all of the Company’s customer contracts.

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IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Sientra, Inc. (“Sientra” or the “Company”) announced that, following the completion of its Section 363 sales auction, Tiger Aesthetics Medical, LLC (“Tiger”) has been declared the successful bidder for certain of the assets of Sientra used in its breast reconstruction and augmentation business.
Sientra also announced that it has entered into a definitive agreement with Nuance Intermediary, LLC (“Nuance”), pursuant to which Nuance will acquire substantially all the assets of Sientra used in its BIOCORNEUM business.
Tiger Aesthetics Medical, LLC is represented by Blank Rome LLP as legal counsel and H.C. Wainwright & Co. as investment banker.
Nuance Intermediary, LLC, an investment of Nuance Holdings LLC, as well as the owner of Nuance Medical, is represented by Ferguson Braswell Fraser Kubasta PC as legal counsel.

AMPURE, Formerly Webasto Charging Systems, and Transom Capital Group: Pioneering the Future of Electric Vehicle and Industrial Charging

Retrieved on:

Tuesday, April 2, 2024

EV, CPO, ESG, Acquisition, Software, OEM, Ecosystem, Airport, Webasto, Transom, Kirkland & Ellis, Financial services

Webasto Charging Solutions is a leading provider of electric vehicle and industrial charging products and services.

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Webasto Charging Solutions is a leading provider of electric vehicle and industrial charging products and services.
Transom is acquiring a majority stake in the business and Webasto will remain a minority shareholder.
Ampure has an unwavering commitment to accelerating the transition to electromobility by defining the landscape of innovative and reliable charging for electric and industrial vehicles.
Transom Capital Group’s strategic investment underscores its steadfast confidence in Ampure to generate substantial value in the expanding electric vehicle charging ecosystem.

GeoVera Announces Combination of Its Insurance Carriers with SafePort Insurance Company to Create GeoVera Nova Holdings; Will Simultaneously Sell MGA to SageSure

Retrieved on:

Tuesday, April 9, 2024

Professional Services, Residential Building & Real Estate, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, AXA, Growth, CFO, Partnership, LLP, Nasrin, Kirkland & Ellis, MGA, Reinsurance

GeoVera Insurance Holdings, Ltd. (“GeoVera”), a leading provider of specialty property insurance, today announced that it has entered into a definitive agreement to sell its insurance carriers and managing general agent (“MGA”) businesses.

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GeoVera Insurance Holdings, Ltd. (“GeoVera”), a leading provider of specialty property insurance, today announced that it has entered into a definitive agreement to sell its insurance carriers and managing general agent (“MGA”) businesses.
Upon completion of the transactions, a newly formed entity, GeoVera Nova Holdings, Inc. (“GeoVera Nova”), will control four insurance operating subsidiaries: GeoVera Insurance Company, GeoVera Specialty Insurance Company, Coastal Select Insurance Company, and SafePort Insurance Company (“SafePort”), a property-focused insurance carrier.
Additionally, the MGA operations of GeoVera will be acquired by SageSure, one of the largest independent MGAs focused on catastrophe-exposed markets, and GeoVera Nova will become a carrier partner of SageSure.
John Forney and Brian Sheekey, currently CEO and CFO, respectively, of GeoVera, will continue in the same roles at GeoVera Nova.

National Philanthropic Trust Names Linda K. Myers Chair of the Board of Trustees

Retrieved on:

Tuesday, April 9, 2024

National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds (DAFs), and one of the largest grantmaking organizations in the world, is pleased to announce Linda K. Myers has been named chair of NPT’s Board of Trustees.

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National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds (DAFs), and one of the largest grantmaking organizations in the world, is pleased to announce Linda K. Myers has been named chair of NPT’s Board of Trustees.
She has served as vice chair of NPT’s Board of Trustees and chair of the Compensation and Human Resources Committee.
“Linda’s extensive experience in law, business, and governance, along with her lifelong dedication to philanthropy, is an excellent foundation for her to be NPT’s board chair,” said Eileen Heisman, CEO of National Philanthropic Trust.
“Linda joined NPT’s Board of Trustees in the early days of the pandemic and quickly became a strategic voice on the board and in her committee leadership.

Parthenon Capital Sells Institutional Cash Distributors, a Leading Independent, Multi-Fund Investment Platform for Corporate Treasury Professionals, to Tradeweb Markets, Inc.

Retrieved on:

Tuesday, April 9, 2024

Finance, Professional Services, Technology, Fintech, Software, Risk management, Growth, Partnership, LLP, Capital, ICD, Investment, Treasury, Kirkland & Ellis, CO, Moelis & Company

Parthenon Capital, a leading growth-oriented private equity firm, announced today the signing of a definitive agreement to sell Institutional Cash Distributors, LLC (“ICD”), an institutional investment software and technology provider for corporate treasury organizations trading short-term investments, to Tradeweb Markets, Inc. (NASDAQ: TW).

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Parthenon Capital, a leading growth-oriented private equity firm, announced today the signing of a definitive agreement to sell Institutional Cash Distributors, LLC (“ICD”), an institutional investment software and technology provider for corporate treasury organizations trading short-term investments, to Tradeweb Markets, Inc. (NASDAQ: TW).
Based in Golden, CO, the ICD portal services 500 corporate treasury clients (including nearly 20% of the S&P 100), across 65 industries and more than 45 countries.
Throughout the partnership, Parthenon Capital and management invested in the Company to build the market leading technology solution in corporate treasury liquidity and risk management.
“We are excited about our future with Tradeweb and our ability to continue providing innovative technology and exceptional service to our clients.

Tradeweb to Acquire ICD, a Leading Independent, Multi-Fund Investment Platform for Corporate Treasury Professionals

Retrieved on:

Monday, April 8, 2024

The company has a stable, growing and loyal client base, with 99% client retention and an exceptional net promoter score.

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The company has a stable, growing and loyal client base, with 99% client retention and an exceptional net promoter score.
Portfolio Analytics is an AI-driven cloud solution for aggregating positions across a corporate treasury's entire portfolio for analysis and reporting.
Tradeweb CEO Billy Hult said: “ICD is an exceptional opportunity to acquire a leading investment platform for corporate treasurers, a fast-growing channel within fixed income markets and a strong strategic fit for Tradeweb.
As part of Tradeweb, ICD will also be positioned to drive the adoption of electronic trading for corporate treasurers.

Model N to be Acquired by Vista Equity Partners For $1.25 Billion

Retrieved on:

Monday, April 8, 2024

Model N (NYSE: MODN), a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses.

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Model N (NYSE: MODN), a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses.
Under the terms of the agreement, Vista will acquire all the outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion.
Upon completion of the transaction, Model N will become a privately held company and shares of Model N common stock will no longer be listed on any public market.
Jefferies LLC is serving as exclusive financial advisor and provided a fairness opinion to Model N, and Fenwick & West LLP is serving as legal counsel.

Blue Owl Capital Expands into Real Estate Finance with Acquisition of Prima Capital Advisors

Retrieved on:

Tuesday, April 9, 2024

Real estate, HOM, Culture, Morgan Stanley, LLP, Acquisition, Scotiabank, Investment banking, Pleasure, Earnout, GIC, Blue Owl Capital, Pillsbury Winthrop Shaw Pittman, Wells Fargo, Kirkland & Ellis, J.P. Morgan & Co.

NEW YORK, April 9, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, announced today the creation of Blue Owl's Real Estate Finance strategy with the acquisition of Prima Capital Advisors ("Prima") for the aggregate consideration of $170 million.

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NEW YORK, April 9, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, announced today the creation of Blue Owl's Real Estate Finance strategy with the acquisition of Prima Capital Advisors ("Prima") for the aggregate consideration of $170 million.
Prima, founded in 1992 by Gregory White, is a real estate lender focused primarily on investing in commercial mortgage-backed securities.
Blue Owl also announced that Jesse Hom, previously Global Head of Real Estate Credit at GIC, will join Blue Owl to lead the newly created Real Estate Finance strategy and serve as Chief Investment Officer for Blue Owl's Real Estate platform, reporting directly to Marc Zahr, Co-President of Blue Owl and Head of Real Estate.
Blue Owl Co-CEOs Doug Ostrover and Marc Lipschultz said: "This acquisition of Prima represents a further expansion of Blue Owl's suite of capital solutions, adding a differentiated and high-quality real estate lending capability and further diversifying our real estate platform.

Mesirow Names Ketan Shah to Newly Created Chief Strategy Officer Role, Reinforcing Focus on Growth Initiatives

Retrieved on:

Monday, April 8, 2024

Ketan, Associate, General counsel, RIA, Corporate development, Growth, Acquisition, Kirkland & Ellis, Kirkland, Head, Management

Shah to partner with CEO, Board of Directors and executive leadership team

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Shah to partner with CEO, Board of Directors and executive leadership team
CHICAGO, April 8, 2024 /PRNewswire/ -- Mesirow, an independent, employee-owned financial services firm, today announced the promotion of Ketan Shah to Chief Strategy Officer.
In this newly created role, Shah will partner closely with Mesirow's CEO, Board of Directors and leadership team to develop and implement the firm's strategic growth plans.
In addition to serving as Chief Strategy Officer, Shah will continue with his existing responsibilities as the firm's General Counsel and will continue to report to Natalie Brown, Mesirow's CEO.
"Ketan's promotion to Chief Strategy Officer is a testament to his outstanding contributions and deep understanding of our business," said Natalie Brown , Mesirow CEO.