Equity (finance)

Choate Welcomes Three Private Equity Partners

Retrieved on: 
Wednesday, March 13, 2024
Partner, Growth, Private equity, Lowenstein Sandler, Ropes & Gray, Chambers and Partners, Chairperson, Equity (finance), Financial services

BOSTON, March 13, 2024 (GLOBE NEWSWIRE) -- Choate Hall & Stewart announced today that Chris Henry, Andy Erdmann, and Sabrina Cua joined the Firm as partners in its Private Equity Group.

Key Points: 
  • BOSTON, March 13, 2024 (GLOBE NEWSWIRE) -- Choate Hall & Stewart announced today that Chris Henry, Andy Erdmann, and Sabrina Cua joined the Firm as partners in its Private Equity Group.
  • Andy and Sabrina, also formerly partners at Lowenstein Sandler, bring an additional combined 30 years of experience in private equity, public M&A and capital markets transactions.
  • Choate has extensive experience in private equity (including launching one of the first private equity funds in the early 1980s) and has a reputation for being strategic, commercially minded, and results oriented.
  • We are excited to introduce our clients to Choate, and to add to the growth of the Private Equity practice.”

Ares Management Special Opportunities Team to Join its Global Credit Group

Retrieved on: 
Monday, February 26, 2024
Asset Management, Professional Services, Finance, Equity (finance), Growth, Ares, ARES, Financial services

Ares Management Corporation (NYSE: ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm’s Credit Group and will be named Opportunistic Credit.

Key Points: 
  • Ares Management Corporation (NYSE: ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm’s Credit Group and will be named Opportunistic Credit.
  • Moving the strategy to the Credit Group is expected to enable greater collaboration across the Ares platform, enhancing benefits to Ares’ limited partners, sponsor partners and portfolio companies.
  • The Opportunistic Credit team will build on the accomplishments of the Special Opportunities strategy and leverage the experience and broad direct origination network across the firm’s leading global Credit platform.
  • The Opportunistic Credit strategy will be reflected within the Ares Credit Group in Ares’ public reporting, effective March 31, 2024.

SBC to Hold the Inaugural Capital Markets Forum at the NYSE

Retrieved on: 
Thursday, February 22, 2024
Acquisition, International, Truist, Equity (finance), PJT Partners, Open outcry, Moelis & Company, Floor, MGM, SBC, Senior advisor, Learning, Gambling, Earnings, Gaming and Leisure Properties, Partner, M&A, Conquer, Investment banking, Interactivity, Metro-Goldwyn-Mayer, Pressure

NEW YORK, Feb. 22, 2024 /PRNewswire/ -- SBC is gearing up to launch its debut Earnings & More: Capital Markets Forum event at the New York Stock Exchange on May 6, offering 200 attendees a blend of learning and networking opportunities with leading experts.

Key Points: 
  • NEW YORK, Feb. 22, 2024 /PRNewswire/ -- SBC is gearing up to launch its debut Earnings & More: Capital Markets Forum event at the New York Stock Exchange on May 6, offering 200 attendees a blend of learning and networking opportunities with leading experts.
  • Together, through a series of conference sessions, they will discuss pivotal trends shaping the betting and iGaming space in the United States and globally.
  • As the era of readily available capital wanes, private equity finds itself under pressure to validate its value proposition.
  • Secure your spot at the Capital Markets Forum.

Interstate Waste Services Announces Acquisition of Oak Ridge Waste & Recycling

Retrieved on: 
Monday, February 12, 2024
Acquisition, Collection, Equity (finance), Littlejohn, Haulage, Stifel, Culture, Growth, Littlejohn & Co., Kirkland & Ellis, Organization, ARES, Recycling, Workforce

NEW YORK, Feb. 12, 2024 /PRNewswire/ -- Interstate Waste Services, Inc. ("IWS"), a leading, vertically integrated waste-by-rail provider of solid waste collection, disposal and recycling services announced it has entered into a definitive agreement to acquire Oak Ridge Waste & Recycling ("Oak Ridge"), one of Connecticut's preeminent providers of waste collection, transfer, and recycling services in Southwestern Connecticut and Suburban New York, further expanding IWS's service footprint into the tristate area.

Key Points: 
  • NEW YORK, Feb. 12, 2024 /PRNewswire/ -- Interstate Waste Services, Inc. ("IWS"), a leading, vertically integrated waste-by-rail provider of solid waste collection, disposal and recycling services announced it has entered into a definitive agreement to acquire Oak Ridge Waste & Recycling ("Oak Ridge"), one of Connecticut's preeminent providers of waste collection, transfer, and recycling services in Southwestern Connecticut and Suburban New York, further expanding IWS's service footprint into the tristate area.
  • The acquisition comes on the heels of IWS subsidiary Action Environmental's selection as an authorized waste and recycling hauler under New York City's Commercial Waste Hauling Program, Local Law 199 .
  • "Oak Ridge has an established presence in an attractive adjacent market delivering collection and processing services through a dedicated workforce and an entrenched culture that fits exceptionally well with IWS," said Michael DiBella Chief Executive Officer of Interstate Waste Services.
  • Stifel served as financial advisor to Oak Ridge Waste & Recycling, and Whiteman Osterman & Hanna served as legal counsel.

DHT Holdings, Inc. announces appointment of Ms. Ana Zambelli to the Board of Directors

Retrieved on: 
Thursday, February 1, 2024
Petrobras, Maersk Drilling, DHT, Transocean, Heriot-Watt University, Columbia University, Equity (finance), IBP, Management

HAMILTON, BERMUDA, February 1, 2024 – DHT Holdings, Inc. (NYSE:DHT) (the “Company”) today announced the appointment of Ms. Ana Zambelli to the Board of Directors, effective February 1, 2024.

Key Points: 
  • HAMILTON, BERMUDA, February 1, 2024 – DHT Holdings, Inc. (NYSE:DHT) (the “Company”) today announced the appointment of Ms. Ana Zambelli to the Board of Directors, effective February 1, 2024.
  • Ms. Ana Zambelli brings significant experience with more than 20 years in the energy sector in operational, commercial and finance roles.
  • Currently Ms. Zambelli serves as an independent board member for Seadrill, Galp and BW Energy.
  • Ms. Ana Zambelli graduated in mechanical engineering from the Federal University of Rio de Janeiro, and she holds a master’s degree in petroleum engineering from Heriot Watt University in the UK.

MSCI Appoints Jana Haines as Head of Index

Retrieved on: 
Thursday, November 30, 2023
Finance, Data Analytics, Banking, Professional Services, Asset Management, ARK, NYSE, Head, HypoVereinsbank, Climate, Investment, MBA, University, Ark Invest, David G. Booth, Equity (finance), Business, Management, MSCI

MSCI Inc. (NYSE: MSCI), a leading provider of mission-critical decision support tools and services for the global investment community, today announced that Jana Haines has joined the firm as Head of Index and as a member of MSCI’s Executive Committee.

Key Points: 
  • MSCI Inc. (NYSE: MSCI), a leading provider of mission-critical decision support tools and services for the global investment community, today announced that Jana Haines has joined the firm as Head of Index and as a member of MSCI’s Executive Committee.
  • Based in New York, Ms. Haines will be responsible for the strategic development and execution of MSCI’s global Index product line.
  • Ms. Haines will aim to drive innovation across index categories, including market cap, sustainability, climate, factors, thematics and asset classes, such as fixed income and private assets.
  • Most recently, she served as Head of Index Product for Americas and EMEA, and Global Head of Fixed Income Indexes.

MoFo Asia Funds ESG Survey 2023: Putting the Sustainability Puzzle Pieces in Place

Retrieved on: 
Wednesday, November 8, 2023
Morrison & Foerster, GP, ESG, DE, Disclosure, Geography, Risk management, Risk, Investment, Equity (finance), Renewable energy, Sustainability

HONG KONG, Nov. 8, 2023 /PRNewswire-PRWeb/ -- Morrison Foerster, a leading global law firm, today announced the results of its second annual Asia Funds ESG Survey, which shows continued demand from investors for greater accountability when it comes to ESG risk management integration, balanced with efforts by general partners (GPs) to incorporate responsible technology processes and mitigate issues around climate-related reporting and disclosure. The latest Morrison Foerster survey report, Putting the Sustainability Puzzle Pieces in Place, in conjunction with AVCJ, also reveals that Asia funds are incorporating sustainability efforts at a slower pace than last year, while GPs are weaving sustainability into the investment process, with 84% of respondents conducting non-compliance related ESG due diligence on most or all deals they consider.

Key Points: 
  • The latest Morrison Foerster survey report, Putting the Sustainability Puzzle Pieces in Place, in conjunction with AVCJ, also reveals that Asia funds are incorporating sustainability efforts at a slower pace than last year, while GPs are weaving sustainability into the investment process, with 84% of respondents conducting non-compliance related ESG due diligence on most or all deals they consider.
  • "The results of this year's survey show that funds and GPs in Asia continue to see tangible benefits from evaluating risk through the ESG lens," added Susan Mac Cormac , global co-chair of Morrison Foerster's Global ESG Group.
  • To download the full report, access a quiz to evaluate where your company is on the ESG journey or listen to the Asia sustainability puzzle podcast series, visit http://www.mofo.com/asia-funds-esg-report .
  • The respondents included private equity funds, credit and special situations funds, sovereign wealth funds, insurance asset managers, and pension funds.

Littlejohn & Co. Welcomes Ares as Significant Investor in Interstate Waste Services

Retrieved on: 
Tuesday, October 24, 2023
Finance, Environment, Recycling, Professional Services, Asset Management, JP, NYSE, Kirkland & Ellis, Interstate Highway System, Growth, JPMorgan Chase, Partnership, IWS, Culture, Houlihan Lokey, Equity (finance), Sheppard, Financial services, Littlejohn

Littlejohn & Co. LLC (“Littlejohn”), a private investment firm based in Greenwich, CT, and Interstate Waste Services (“IWS” or the “Company”) today announced that funds managed by the Private Equity Group of Ares Management Corporation (NYSE: Ares) have agreed to acquire a significant equity stake in IWS.

Key Points: 
  • Littlejohn & Co. LLC (“Littlejohn”), a private investment firm based in Greenwich, CT, and Interstate Waste Services (“IWS” or the “Company”) today announced that funds managed by the Private Equity Group of Ares Management Corporation (NYSE: Ares) have agreed to acquire a significant equity stake in IWS.
  • Littlejohn and Ares funds will each have significant ownership stakes in the Company.
  • “We are proud to work with Ares as we continue to strategically build IWS services and capabilities for customers,” said Brian Michaud, a Managing Director at Littlejohn.
  • Baird served as exclusive financial advisor and Kirkland & Ellis LLP served as legal counsel to Ares.

Pacific Valley Bancorp Announces Third Quarter 2023 Financial Results

Retrieved on: 
Monday, October 23, 2023
Sale, AFS, OTC Markets Group, Federal funds, Bank, Federal Home Loan Banks, Pressure, CRE, PPP, Growth, CECL, Credit, CFO, Equity (finance), Rare-earth element, Cryptocurrency, Security (finance)

SALINAS, Calif., Oct. 23, 2023 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited financial results for the third quarter 2023.

Key Points: 
  • SALINAS, Calif., Oct. 23, 2023 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited financial results for the third quarter 2023.
  • Net income for the quarter ended September 30, 2023, was $1.3 million representing an increase of 2.2% or $27 thousand from the quarter ended September 30, 2022.
  • Net income for the quarter ended September 30, 2023, was $1.3 million representing an increase of 9.3% or $107 thousand from the quarter ended June 30, 2023.
  • For the Company's subsidiary, Pacific Valley Bank, equity increased to $65.8 million at September 30, 2023 compared to $64.6 million at June 30, 2023.

J.P. Morgan launches Private Markets Fund expanding investor access to private equity investment opportunities

Retrieved on: 
Tuesday, October 10, 2023
JPMorgan Chase, Equity (finance), Investment, PEG, Real assets, Real estate, Growth, Security (finance), Alternatives

NEW YORK, Oct. 10, 2023 /PRNewswire/ -- The Private Equity Group ("PEG") of J.P. Morgan Asset Management today announced the launch of JPMorgan Private Markets Fund ("JPMF"), a 1940 Act-registered, evergreen private equity fund. JPMF is designed to provide access to private equity investments for qualified and accredited individual and institutional clients1. JPMF's features include a low $25,000 investment minimum2, no capital calls, simplified tax reporting and potential for quarterly liquidity3. JPMF is currently available on select private bank and custodial platforms and will expand availability in 2024. 

Key Points: 
  • NEW YORK, Oct. 10, 2023 /PRNewswire/ -- The Private Equity Group ("PEG") of J.P. Morgan Asset Management today announced the launch of JPMorgan Private Markets Fund (" JPMF "), a 1940 Act-registered, evergreen private equity fund.
  • JPMF is designed to provide access to private equity investments for qualified and accredited individual and institutional clients1.
  • "Private equity has traditionally been difficult for individuals to access, so we're thrilled to deliver our institutional-grade private equity investment expertise to this investor base through JPMF."
  • "We are witnessing increased demand from all investor types to look beyond public markets for access to compelling private company investment opportunities, and the launch of JPMF is an important step in expanding access to the potential long-term return and volatility benefits of private equity," said Ashmi Mehrotra, Co-Head of PEG at J.P. Morgan Asset Management.