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Rosemont Announces Minority Investment in Northside Capital Management

Retrieved on: 
Thursday, May 2, 2024

Rosemont , a private investor in employee-owned asset and wealth management firms, today announced a minority investment in Northside Capital Management , LLC, an outsourced investment manager for ultra-high net worth families.

Key Points: 
  • Rosemont , a private investor in employee-owned asset and wealth management firms, today announced a minority investment in Northside Capital Management , LLC, an outsourced investment manager for ultra-high net worth families.
  • Headquartered in Hood River, Oregon, Northside had in excess of $5.2 billion in assets under management and advisement at the end of 2023.
  • Rosemont’s investment in Northside is a recapitalization intended to support the company’s stability and commitment to independence.
  • As a minority investor, Rosemont will provide guidance on all aspects of the business, as well as enhanced governance.

Lori Kalani to Join DraftKings as First Chief Responsible Gaming Officer

Retrieved on: 
Monday, April 22, 2024

BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (Nasdaq: DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings’ chief executive officer, Jason Robins.

Key Points: 
  • BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (Nasdaq: DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings’ chief executive officer, Jason Robins.
  • Kalani becomes DraftKings’ first Chief Responsible Gaming Officer committed to the continued elevation and integration of the company’s player safety and protection activities and initiatives across all facets of its platforms and player communities.
  • “I have long admired DraftKings’ impact as an entertainment and engagement platform that brings a community of gaming enthusiasts together,” said Lori Kalani.
  • “Joining DraftKings represents an exciting opportunity for me to bolster the efforts of the company and look for opportunities to reinforce our responsible gaming initiatives.

Utz Brands Announces Continued Acceleration of Supply Chain Transformation Strategy and Completes Term Loan Repricing

Retrieved on: 
Thursday, April 18, 2024

This follows a separate transaction in February 2024, in which Our Home purchased three manufacturing facilities and two brands from Utz.

Key Points: 
  • This follows a separate transaction in February 2024, in which Our Home purchased three manufacturing facilities and two brands from Utz.
  • Following the closing of the transactions, Utz and Our Home will operate under a Transition Services Agreement for up to 12 months.
  • Utz announced today that it has successfully completed a repricing of its $630 million Term Loan (“Term Loan”) due in January 2028.
  • There are no changes to the maturity of the Term Loan following this repricing and all other terms are substantially unchanged.

Denuvo by Irdeto Unveils TraceMark™ for Gaming at GDC – A Revolutionary New Anti-Piracy Solution for the Gaming Industry

Retrieved on: 
Monday, March 18, 2024

As a platform-agnostic tool, TraceMark™ effortlessly integrates into various stages of the game's lifecycle, providing a consistent layer of protection.

Key Points: 
  • As a platform-agnostic tool, TraceMark™ effortlessly integrates into various stages of the game's lifecycle, providing a consistent layer of protection.
  • "With the launch of TraceMark™ for Gaming, we are setting a new standard in anti-piracy for the gaming industry.
  • Join us at GDC to experience the future of gaming security with TraceMark™ for Gaming by Denuvo by Irdeto.
  • For more information about how Denuvo by Irdeto is shaping the future of gaming security, please visit https://irdeto.com/denuvo/tracemark/

Utz Brands Announces Acceleration of Supply Chain Transformation and Brand Portfolio Strategy

Retrieved on: 
Wednesday, January 31, 2024

Following the close of the transactions, Utz and Our Home will operate under a Transition Services Agreement for 12 months.

Key Points: 
  • Following the close of the transactions, Utz and Our Home will operate under a Transition Services Agreement for 12 months.
  • Certain Good Health® products will continue to be distributed and sold on the Utz DSD network for Our Home.
  • Howard Friedman, Chief Executive Officer of Utz, said, “We expect these transactions to deliver on our supply chain transformation and value creation initiatives, to fast-track our deleveraging timeline by a full year, and to accelerate our brand portfolio strategy to better optimize for growth.
  • is serving as legal advisor to Utz Brands, Inc. Winston & Strawn LLP is serving as legal advisor to Our Home.

TECPETROL AND ALPHA LITHIUM ANNOUNCE SUBSEQUENT ACQUISITION TRANSACTION AND COMPLETION OF OFFER

Retrieved on: 
Thursday, November 2, 2023

Tecpetrol and Alpha also announce that they have entered into an agreement (the "Acquisition Agreement") providing for the acquisition by Tecpetrol of all of the Alpha shares not acquired pursuant to the Offer (the "Subsequent Acquisition Transaction").

Key Points: 
  • Tecpetrol and Alpha also announce that they have entered into an agreement (the "Acquisition Agreement") providing for the acquisition by Tecpetrol of all of the Alpha shares not acquired pursuant to the Offer (the "Subsequent Acquisition Transaction").
  • Following completion of the Subsequent Acquisition Transaction, Tecpetrol will own 100% of the Alpha shares and Alpha will be a wholly-owned subsidiary of Tecpetrol.
  • Subject to the terms of the Acquisition Agreement, Alpha shareholders (other than Tecpetrol) will receive C$1.48 in cash per share pursuant to the Subsequent Acquisition Transaction, the identical consideration offered under the Offer.
  • The Subsequent Acquisition Transaction will be effected pursuant to the amalgamation of Alpha and a wholly-owned subsidiary of Tecpetrol under the Business Corporations Act (British Columbia) (the "Amalgamation").

Freeman Announces Acquisition of Sparks, a Global Brand Experience Agency

Retrieved on: 
Tuesday, August 1, 2023

Freeman, a global leader in events, today announced that it has acquired Sparks, a global brand experience agency.

Key Points: 
  • Freeman, a global leader in events, today announced that it has acquired Sparks, a global brand experience agency.
  • Sparks’ proven approach to best-in-class client service, project management, and delivery is designed for and tailored to corporate customers.
  • Sparks will combine with Freeman’s award-winning agency business, which also caters to major corporate clients, including Amazon, Cisco, and Kohler.
  • J.P. Morgan is serving as exclusive financial advisor to Freeman, and King & Spalding LLP is serving as legal counsel to Freeman.

Rosemont Announces Minority Equity Investment in Landmark Management, LLC

Retrieved on: 
Tuesday, June 27, 2023

Rosemont , a private investor in employee-owned asset and wealth management firms, announces a minority investment in Landmark Management, LLC, a multi-family office with more than $4 billion in assets under management.

Key Points: 
  • Rosemont , a private investor in employee-owned asset and wealth management firms, announces a minority investment in Landmark Management, LLC, a multi-family office with more than $4 billion in assets under management.
  • Located in New York City, Landmark provides investment management, accounting and tax preparation services for a limited number of ultra-high net worth families.
  • As a minority investor, Rosemont will contribute guidance and governance as both the company and its clients navigate generational transition in the years and decades ahead.
  • Cozen O’Connor served as legal representative to Rosemont and DLA Piper served as legal representative to Landmark.

Veteran Bankruptcy and Restructuring Lawyer, Robert "Bob" Fishman, Joins Algon Group as Vice Chairman

Retrieved on: 
Wednesday, May 31, 2023

MIAMI, May 31, 2023 /PRNewswire/ -- The Algon Group, a specialized financial advisory firm, is pleased to announce that highly-regarded bankruptcy and restructuring lawyer, Robert "Bob" Fishman, has joined the firm as Vice Chairman. Fishman, coming out of a very brief retirement, brings 40 years of experience representing all parties in insolvency/bankruptcy settings, including debtors in possession, trustees, secured creditors, Creditors' Committees and disinterested directors.

Key Points: 
  • MIAMI, May 31, 2023 /PRNewswire/ -- The Algon Group , a specialized financial advisory firm, is pleased to announce that highly-regarded bankruptcy and restructuring lawyer, Robert "Bob" Fishman, has joined the firm as Vice Chairman.
  • Fishman was previously a member at Cozen O'Connor and a partner at Fox Rothschild, where he was co-chair of the insolvency practice.
  • Prior to that he was the long-time managing partner and co-chair of the insolvency practice at Shaw, Fishman, Glantz and Towbin.
  • He is a former president and board chairman of the American Bankruptcy Institute, where he received its Lifetime Achievement Award in 2018.

GasLog Ltd. and GasLog Partners LP Announce Agreement for the Acquisition by GasLog Ltd. of GasLog Partners LP’s Publicly Held Common Units

Retrieved on: 
Thursday, April 6, 2023

GasLog owns 30.2% of the common units of the Partnership and has entered into a support agreement with the Partnership committing to vote its common units in favor of the merger.

Key Points: 
  • GasLog owns 30.2% of the common units of the Partnership and has entered into a support agreement with the Partnership committing to vote its common units in favor of the merger.
  • The preference units of the Partnership will remain outstanding and continue to trade on the New York Stock Exchange immediately following the completion of the Transaction.
  • Evercore is acting as financial advisor to the Conflicts Committee and Richard, Layton & Finger, P.A.
  • Cravath, Swaine & Moore LLP and Cozen O’Connor (Marshall Islands) are acting as legal counsel to GasLog.