Equity (finance)

Pacific Valley Bancorp Announces Second Quarter 2023 Financial Results

Retrieved on: 
Monday, July 31, 2023

SALINAS, Calif., July 31, 2023 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited financial results for the second quarter 2023.

Key Points: 
  • SALINAS, Calif., July 31, 2023 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited financial results for the second quarter 2023.
  • Net income for the quarter ended June 30, 2023, was $1.1 million representing a decrease of 9.9% or $126 thousand from the quarter ended March 31, 2023.
  • For the Company's subsidiary, Pacific Valley Bank, equity increased to $64.6 million at June 30, 2023 compared to $63.5 million at March 31, 2023.
  • No provision for loan losses was recorded in the second quarter of 2023 or the second quarter of 2022.

Capital Square Launches LLC Offering to Fund Development of Single-Family Build-For-Rent (BFR) Community Near Phoenix

Retrieved on: 
Monday, July 31, 2023

PHOENIX, July 31, 2023 /PRNewswire/ -- Capital Square , one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of housing communities, announced today the launch of Capital Square Glendale BFR, LLC.

Key Points: 
  • PHOENIX, July 31, 2023 /PRNewswire/ -- Capital Square , one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of housing communities, announced today the launch of Capital Square Glendale BFR, LLC.
  • The LLC offering has been formed to raise approximately $49 million in equity from accredited investors to develop a 320-unit, build-for-rent single-family housing community in the Phoenix suburb of Glendale, Arizona.
  • Capital Square has partnered with Sunstone Two Tree as co-developer of the project.
  • "Capital Square Glendale BFR is the next in a line of LLC offerings for investors seeking superior risk-adjusted returns from a real estate investment," said Louis Rogers, founder and co-chief executive officer of Capital Square.

Bespoke Partners Promotes Alexandra Bossetta to Partner, Launching New People & Talent Leadership Recruiting Practice

Retrieved on: 
Tuesday, July 11, 2023

Bespoke Partners , the largest retained executive search and leadership advisory service firm for software companies, announced today that Alexandra Bossetta has been promoted to Partner and will lead the firm’s new dedicated practice recruiting high-impact human resources leaders .

Key Points: 
  • Bespoke Partners , the largest retained executive search and leadership advisory service firm for software companies, announced today that Alexandra Bossetta has been promoted to Partner and will lead the firm’s new dedicated practice recruiting high-impact human resources leaders .
  • View the full release here: https://www.businesswire.com/news/home/20230711100612/en/
    Alex has been with Bespoke Partners for four years and has served most recently as Senior Vice President and functional lead for the firm’s HR, talent and operations searches.
  • Bespoke specializes in recruiting executives for private equity backed software and SaaS companies.
  • Alex has orchestrated numerous successful searches for senior talent leaders and will lead the new People & Talent Leadership Practice to focus on Chief People Officers, Chief Human Resources Officers, Talent Partners for Private Equity Firms, Human Capital Operating Partners, Vice Presidents of Human Resources and many more.

Savers Value Village™ Announces Pricing of Initial Public Offering

Retrieved on: 
Wednesday, June 28, 2023

Savers Value Village, Inc. (“Savers Value Village™”) today announced the pricing of its upsized initial public offering of 22,291,666 shares of its common stock at $18.00 per share, of which 18,750,000 shares are being offered by the Company and 3,541,666 are being offered by funds managed by the Private Equity Group of Ares Management Corporation (the “Ares Selling Stockholders”).

Key Points: 
  • Savers Value Village, Inc. (“Savers Value Village™”) today announced the pricing of its upsized initial public offering of 22,291,666 shares of its common stock at $18.00 per share, of which 18,750,000 shares are being offered by the Company and 3,541,666 are being offered by funds managed by the Private Equity Group of Ares Management Corporation (the “Ares Selling Stockholders”).
  • As part of the offering, the Ares Selling Stockholders have granted to the underwriters a 30-day option to purchase up to an additional 3,343,749 shares of common stock at the initial public offering price, less underwriting discounts and commissions.
  • The Company intends to use the net primary proceeds of the offering, together with cash on the balance sheet, to repay indebtedness.
  • A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on June 28, 2023.

Synova announces strategic minority investment from Bonaccord Capital Partners

Retrieved on: 
Wednesday, June 21, 2023

LONDON and NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) -- Leading European mid-market investor, Synova, is delighted to announce that Bonaccord Capital Partners (“Bonaccord” or “BCP”), has made a passive minority investment in the firm to support its future growth.

Key Points: 
  • LONDON and NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) -- Leading European mid-market investor, Synova, is delighted to announce that Bonaccord Capital Partners (“Bonaccord” or “BCP”), has made a passive minority investment in the firm to support its future growth.
  • David Menton & Philip Shapiro , Synova’s Managing Partners, said: “We are delighted to welcome Bonaccord as a long-term strategic investment partner.
  • Kirkland & Ellis LLP and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal counsel to Synova and Bonaccord respectively.
  • Bonaccord Capital Partners is a part of P10, Inc. [NYSE: PX], a leading multi-asset class private markets solutions provider in the alternative asset management industry.

US Heart & Vascular’s Partnership with Memorial Katy Cardiology Associates Expands Delivery of Quality Cardiovascular Care to the Houston Area

Retrieved on: 
Wednesday, May 17, 2023

US Heart & Vascular (“USHV”), a leading national provider of support services to cardiovascular physician practices, announces its partnership with Memorial Katy Cardiology Associates (“Memorial Katy” or “MKCA”), a Houston-based cardiovascular physician practice focused on preventative care, diagnostic testing, curative procedures, and electrophysiology services.

Key Points: 
  • US Heart & Vascular (“USHV”), a leading national provider of support services to cardiovascular physician practices, announces its partnership with Memorial Katy Cardiology Associates (“Memorial Katy” or “MKCA”), a Houston-based cardiovascular physician practice focused on preventative care, diagnostic testing, curative procedures, and electrophysiology services.
  • With an expanding network of practices in Arizona, Texas, and Kansas, USHV is actively seeking new partners with quality practices and entrepreneurial cardiovascular physicians across the country.
  • “We are excited about the partnership between US Heart & Vascular and Memorial Katy Cardiology Associates.
  • Together, we can provide enhanced cardiac care to the West Houston and Katy communities,” said James Feldman, M.D.

Prairie Provident Announces Completion of Recapitalization Transactions and Closing of Fully Subscribed C$4 Million Equity Financing

Retrieved on: 
Tuesday, May 16, 2023

CALGARY, Alberta, May 16, 2023 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (TSX:PPR) (the “Company”), is pleased to announce the completion of its previously announced recapitalization transactions (collectively, the “Recapitalization”). The Recapitalization included the following principal transactions:

Key Points: 
  • The Company has approximately C$860 million in tax pools (C$560 million of which are available as tax shelter against current income) to complement its reserves value.
  • The Equity Financing was led by Research Capital Corporation as the sole agent and sole bookrunner (the “Agent”).
  • The net proceeds from the Equity Financing will be used for ongoing field operations, working capital requirements and other general corporate purposes.
  • Certain directors and officers of the Company participated in the Equity Financing under applicable securities laws, acquiring 7,424,423 Units in total.

Authentic Holdings Inc. Releases Management Update and 2023 Outlook

Retrieved on: 
Wednesday, May 10, 2023

SOMERVILLE, N.J., May 10, 2023 /PRNewswire/ --  To our shareholders, Thank you for taking the time to review our update and 2023 Outlook.

Key Points: 
  • SOMERVILLE, N.J., May 10, 2023 /PRNewswire/ --  To our shareholders, Thank you for taking the time to review our update and 2023 Outlook.
  • In addition, they are owed $38,000 on their final Note which will be bought out for cash in the coming weeks.
  • The future for Old is Gold looks extremely promising and the outlook for growth in vinyl record sales remains strong.
  • We will continually strive to make Authentic Holdings, Inc. a standout company and always with an eye towards shareholder communication.

CLARIOS COMPLETES UPSIZED PRIVATE OFFERING OF $750 MILLION 6.750% SENIOR SECURED NOTES DUE 2028 AND UPSIZED $2.75 BILLION TERM LOAN FACILITY MATURING 2030

Retrieved on: 
Thursday, May 4, 2023

The Company also announced the closing of a new tranche of term loans (the "New Term Loan Facility") in an aggregate principal amount of $2,750 million at SOFR plus 3.75%.

Key Points: 
  • The Company also announced the closing of a new tranche of term loans (the "New Term Loan Facility") in an aggregate principal amount of $2,750 million at SOFR plus 3.75%.
  • The New Term Loan Facility will mature in May 2030.
  • The weighted average interest rate for the Notes and the New Term Loan Facility is expected to be approximately 7%, based on the current one-month Term SOFR swap rate for 5 years.
  • The gross proceeds from the offering of the Notes, together with the borrowings under the New Term Loan Facility, were used to repay approximately $3,500 million of borrowings under the Company's existing term loan facility (the "Existing Term Loan Facility") maturing in April 2026.

US Heart & Vascular and Rubicon Founders Announce Partnership to Build the Premier Cardiovascular Value-Based Care Model in the United States

Retrieved on: 
Wednesday, May 3, 2023

US Heart & Vascular (“USHV”), a leading national provider of support services to cardiovascular physician practices, announced today that it has entered into an agreement with Rubicon Founders (“Rubicon”), a leading healthcare investment firm, to expand USHV’s capabilities and build the premier, cardiovascular focused, value-based model in the United States.

Key Points: 
  • US Heart & Vascular (“USHV”), a leading national provider of support services to cardiovascular physician practices, announced today that it has entered into an agreement with Rubicon Founders (“Rubicon”), a leading healthcare investment firm, to expand USHV’s capabilities and build the premier, cardiovascular focused, value-based model in the United States.
  • USHV seeks to enhance the ability of physicians to deliver high-quality cardiovascular care to patients throughout the United States while navigating the transition to value-based care.
  • This new value-based model will enable physicians to take accountability for the total cost of care for patients with cardiovascular disease and facilitate more efficient adjudication.
  • USHV’s cardiologists will have a suite of integrated practice management capabilities facilitating better outcomes for their patients at reduced costs.