Shearman

Shearman & Sterling Appoints New Co-Executive Directors

Retrieved on: 
Thursday, January 19, 2023
Other Professional Services, Professional Services, Legal, Knowledge, Retirement, Real estate, Partnership, Chief operating officer, Knowledge management, Human resources, Marketing, Communication, Growth, Business development, Diversity, Shearman & Sterling, Inclusion, Shearman, Management, Finance

Global law firm Shearman & Sterling announced the appointment of Geline Midouin and Robert Brown as Co-Executive Directors.

Key Points: 
  • Global law firm Shearman & Sterling announced the appointment of Geline Midouin and Robert Brown as Co-Executive Directors.
  • Kenneth, who previously shared with the firm that he will retire at the end of Q1 2023, has dedicated the last 24-plus years of his career to Shearman & Sterling and has been an invaluable asset to the firm.
  • Geline, who joined Shearman & Sterling in early 2021 as Chief People Officer, will now serve as Co-Executive Director and Chief of Operations.
  • Commenting on the appointments, David Beveridge, Senior Partner at Shearman & Sterling, said: “I would like to congratulate Geline and Rob on their appointments.

Volta Inc. to be Acquired by Shell USA, Inc. to Accelerate Decarbonization of the Transportation Sector

Retrieved on: 
Wednesday, January 18, 2023
Alternative Vehicles, Fuels, Alternative Energy, Energy, Automotive, EV, Electric Vehicles, Inc., UBS, Shell, Akwa Ibom State Association of Nigeria, USA Inc., Barclays Capital Inc. v. Theflyonthewall.com, Inc., Hart–Scott–Rodino Antitrust Improvements Act, NYSE, Motor vehicle, Shearman & Sterling, LLP, Interim, Acquisition, Shearman, Retail

This transaction creates value for our shareholders and provides our exceptional employees and other stakeholders a clear path forward."

Key Points: 
  • This transaction creates value for our shareholders and provides our exceptional employees and other stakeholders a clear path forward."
  • As part of the agreement, an affiliate of Shell will provide subordinated secured term loans to Volta to bridge Volta through the closing of the transaction.
  • Upon closing of the transaction, Volta's Class A common stock will no longer be listed on any public market.
  • UBS Securities LLC is serving as a financial advisor to Shell, and Norton Rose Fulbright US LLP is serving as Shell's legal advisor.

2U Announces Debt Refinancing Transactions

Retrieved on: 
Monday, January 9, 2023
8-K, Morgan Stanley, EBITDA, Term loan, Lead arranger, Holland & Knight, Investment, Primary Dealer Credit Facility, Term, Goldman Sachs, 2U, Shearman, Sale, Security (finance), Retail, Note

LANHAM, Md., Jan. 9, 2023 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a leading online education platform company, today announced that it has entered into an agreement to refinance its term loan, extending the maturity date from December 2024 to December 2026, and amending other terms. In connection with amending and extending the term loan, the company has entered into agreements to secure approximately $127 million of new capital from Greenvale Capital LLP, a current stockholder of the company, and The Berg Family Trust, in the form of $147 million in principal amount of 4.50% Senior Unsecured Convertible Notes due 2030 (the "Notes"). The company intends to use cash from its balance sheet and the proceeds from the issuance of the Notes to reduce secured term loan debt by $187 million to $380 million. The combination of reduced secured debt and extended maturities will significantly strengthen the company's credit profile.  The closing of the Notes and the refinancing are subject to customary closing conditions.

Key Points: 
  • The combination of reduced secured debt and extended maturities will significantly strengthen the company's credit profile.
  • The closing of the Notes and the refinancing are subject to customary closing conditions.
  • This refinancing represents a significant milestone for the company and is a testament to the strength of the business and its financial position.
  • "We are excited to start 2023 with this important first step to optimize our balance sheet," said 2U Chief Financial Officer Paul Lalljie.

TELUS International completes acquisition of WillowTree, a full-service digital product provider

Retrieved on: 
Wednesday, January 4, 2023
AB InBev, Agriculture, Manulife, Health, Rothschild, TSX, App Store (iOS/iPadOS), FOX, Telus Health, Scotiabank, Shearman & Sterling, Synchrony, Travel, Acquisition, AB, Science and technology in Asia, PepsiCo, NYSE, CBC, AI, Telus Corporation, LLP, Insurance, Tobias, E-commerce, Capital, Capital expenditure, Shearman, TELUS, New Year, Final good, Telus International, Sales

VANCOUVER, British Columbia, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Today, TELUS Corporation (T-TSX; NYSE-TU) and TELUS International (NYSE and TSX: TIXT), a leading digital customer experience innovator that designs, builds and delivers next-generation solutions, including AI and content moderation, for global and disruptive brands, announced the completion of the previously announced acquisition of WillowTree, having met all closing conditions and regulatory approvals. Now rebranded as WillowTree, a TELUS International Company, the premier, full-service digital product provider adds key front-end design and build competencies to TELUS International’s fulsome suite of end-to-end capabilities across the full customer experience value chain.

Key Points: 
  • Now rebranded as WillowTree, a TELUS International Company, the premier, full-service digital product provider adds key front-end design and build competencies to TELUS International’s fulsome suite of end-to-end capabilities across the full customer experience value chain.
  • “Today marks another exciting step in TELUS International’s journey, as we welcome the skilled and talented WillowTree team into our TELUS family,” said Darren Entwistle, Chair of the Board of TELUS International and President and CEO of TELUS.
  • “Indeed, in joining our team, WillowTree has further diversified TELUS International’s expansive client base, adding new marquee customers and amplifying cross-selling competencies, globally.
  • Furthermore, our combined teams have a tremendous opportunity to accelerate TELUS’ digital transformation and support key product development across our business, most notably, within health and agriculture and consumer goods.

TELUS International completes acquisition of WillowTree, a full-service digital product provider

Retrieved on: 
Wednesday, January 4, 2023
Telecommunications, Software, Networks, Internet, Professional Services, Technology, Fintech, Mobile, Wireless, AB InBev, Agriculture, Manulife, Health, Rothschild, TSX, App Store (iOS/iPadOS), FOX, Telus Health, Scotiabank, Shearman & Sterling, Synchrony, Travel, Acquisition, AB, Science and technology in Asia, PepsiCo, NYSE, CBC, AI, Telus Corporation, LLP, Insurance, Tobias, E-commerce, Capital, Capital expenditure, Shearman, TELUS, New Year, Final good, Telus International, Retail, Sales

Now rebranded as WillowTree, a TELUS International Company, the premier, full-service digital product provider adds key front-end design and build competencies to TELUS International’s fulsome suite of end-to-end capabilities across the full customer experience value chain.

Key Points: 
  • Now rebranded as WillowTree, a TELUS International Company, the premier, full-service digital product provider adds key front-end design and build competencies to TELUS International’s fulsome suite of end-to-end capabilities across the full customer experience value chain.
  • “Today marks another exciting step in TELUS International’s journey, as we welcome the skilled and talented WillowTree team into our TELUS family,” said Darren Entwistle, Chair of the Board of TELUS International and President and CEO of TELUS.
  • “Indeed, in joining our team, WillowTree has further diversified TELUS International’s expansive client base, adding new marquee customers and amplifying cross-selling competencies, globally.
  • Furthermore, our combined teams have a tremendous opportunity to accelerate TELUS’ digital transformation and support key product development across our business, most notably, within health and agriculture and consumer goods.

Blue Wolf Announces Promotions

Retrieved on: 
Tuesday, January 3, 2023
Professional Services, Finance, Purdue University, Dolgorsürengiin Serjbüdee, Chicago (franchise), Perella Weinberg Partners, NewYork-Presbyterian Hospital, Lincoln International, Communication, Government, Lincoln, The Washington Campus Board of Directors, McGill University, Wharton School of the University of Pennsylvania, Rothschild, Capital market, Business, Senate, University of Chicago Booth School of Business, Puerto Rico Federal Relations Act of 1950, Investment, Boston University School of Law, Wendell Pritchett, University of Waterloo School of Accounting and Finance, Shearman & Sterling, Partner, Guggenheim Partners, Duke University, Economics, Georgetown University Law Center, LLP, University, United States House of Representatives, Commerce, Foreign policy, Shearman, Hamilton College, Interior design, Security (finance), Accounting

Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, today named Natalie Marjancik as a Partner of the firm, announced the promotions of James Shovlin to Principal and David Meyers and Jordan Fong to Senior Associate and expanded Kate Spaziani’s role to Director of Government Affairs and Communications.

Key Points: 
  • Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, today named Natalie Marjancik as a Partner of the firm, announced the promotions of James Shovlin to Principal and David Meyers and Jordan Fong to Senior Associate and expanded Kate Spaziani’s role to Director of Government Affairs and Communications.
  • Over the past year, thanks to our team’s collective experience, market knowledge and core competencies, Blue Wolf has successfully navigated a challenging global environment.
  • “Since first becoming acquainted with Blue Wolf nearly a decade ago, I’ve been impressed by the depth and investment discipline of the team, and I look forward to continue building on the firm’s proven track record of investment and operational excellence.”
    Ms. Marjancik joined Blue Wolf in March 2022 as Managing Director, Capital Markets, bringing significant expertise in complex, multi-dimensional financing strategies.
  • Prior to joining Blue Wolf, Ms. Marjancik spent almost 13 years at Lincoln International focusing on capital and debt advisory.

Sesen Bio and Carisma Therapeutics Announce Substantial Increase to Expected Special Cash Dividend in Connection with Pending Merger

Retrieved on: 
Thursday, December 29, 2022
Biotechnology, Health, Pharmaceutical, Clinical Trials, Oncology, Evercore, Cancer, BofA Securities, Candriam Investors Group, Bio, Wilmer Cutler Pickering Hale and Dorr, Risk, Shearman & Sterling, LLP, CVR, Uncertainty, Shearman, Sale, Holding company, Financial services, Mitsubishi Carisma

The issuance of the special cash dividend and CVR remain contingent on the closing of the pending transaction.

Key Points: 
  • The issuance of the special cash dividend and CVR remain contingent on the closing of the pending transaction.
  • The $45 million increase to the expected special cash dividend delivers even more direct and immediate cash value.
  • During such discussions, Sesen Bio and Carisma offered to significantly increase the amount of the special cash dividend by $45 million to approximately $70 million.
  • Based on the comprehensive review process conducted with the Sesen Bio Board of Directors, the payment of a special cash dividend without a concurrent transaction would be unlikely.

Kingswood Acquisition Corp. Advances Acquisition of Wentworth Management Services LLC with Filing of S-4 and Investor Presentation

Retrieved on: 
Friday, December 23, 2022
Cetera Financial Group, Reading, Partner, Mergers and acquisitions, LLP, Security (finance), Person, NYSE, Registration statement, Executive, Tripura Merger Agreement, Growth, Shearman, COVID-19, Risk, Failure, NYSE American, Prospectus, Advisor Group, Register, Partner (business rank), Proxy, Form, KWAC, Mecum Dealmakers, Press release, Sale, Nasdaq, Inc., Acquisition, Oppenheimer Holdings, Management, Retail, Financial adviser, Financial services, Risk management, W2

NEW YORK, Dec. 23, 2022 /PRNewswire/ -- Kingswood Acquisition Corp. (OTCE: KWAC) ("we", "us", "our", or "KWAC"), today announced the advancement of its acquisition of Wentworth Management Services LLC  ("Wentworth") with the filing of a registration statement and proxy statement and prospectus on Form S-4 (the "Registration Statement") and Investor Presentation with the Securities and Exchange Commission ("SEC"). 

Key Points: 
  • Wentworth's full financial results and related disclosures can be found in the Registration Statement, which we encourage you to read.
  • Oppenheimer & Co. is serving as financial advisor to Kingswood Acquisition Corp., with SPAC Advisory Partners serving as capital markets advisor.
  • Shearman and Sterling LLP is serving as legal advisor to Kingswood Acquisition Corp.
    DLA Piper LLP (US) is serving as legal counsel to Wentworth Management Services LLC.
  • Wentworth Management Services LLC ("Wentworth") is a holding company that acquires and manages businesses in the wealth management industry.

3E Acquires Supply Chain Software Platform, Toxnot

Retrieved on: 
Monday, December 12, 2022
Software, Sustainability, Environment, Data Management, Technology, Logistics, Supply Chain Management, Transport, Other Technology, Shearman & Sterling, Software, 3E, Shearman, Software as a service, Collection, EHS, Safety, Movement, Traction, Acquisition, Renewable energy, Health

The acquisition supports 3Es continued investment in its suite of supply chain compliance offerings, enabling companies to better solve their increasingly complex supply chain challenges.

Key Points: 
  • The acquisition supports 3Es continued investment in its suite of supply chain compliance offerings, enabling companies to better solve their increasingly complex supply chain challenges.
  • Toxnot meets the growing need of corporations across the globe for supply chain compliance.
  • Our goal at 3E has always been to make the world a safer place through innovative compliance solutions, said Greg Gartland, CEO of 3E.
  • The Toxnot Exchange software platform can ultimately be used to clean up the toxic chemicals in our worlds supply chains.

FinAccel Expands Leadership Team to Support Accelerated Growth

Retrieved on: 
Thursday, November 24, 2022
HR, Engineering, Shearman, Gao, Imprint, Growth, Mirae Asset Financial Group, General counsel, Drug

SINGAPORE, Nov. 24, 2022 /PRNewswire-PRWeb/ -- FinAccel, the leading digital financial services company in Southeast Asia, today announced the appointment of Chao Gao as CTO, Kredivo, Jean Lua as Chief HR Officer, Matt Mullarkey as General Counsel and Wisaksana Djawi as Director, Krom Bank.

Key Points: 
  • "Chao, Jean, Matt and Wisaksana are top-flight executives who will help us drive our growth to the next level.
  • We're excited to welcome them to our leadership team," said Akshay Garg, Group CEO of FinAccel.
  • In a joint statement, Chao, Jean, Matt and Wisaksana said, "We are thrilled to be joining FinAccel at this time.
  • FinAccel is a financial technology company focused on making financial services fast, affordable and accessible for the under-banked population of Southeast Asia.