WICKERSHAM

Arkhouse Issues Statement on Settlement with Macy’s

Retrieved on: 
Wednesday, April 10, 2024
Finance, Banking, Retail, Professional Services, Department Stores, LLP, Management, Jefferies Group, RIC, Committee on Finance

The following is attributable to Gavriel Kahane and Jonathon Blackwell, Arkhouse Managing Partners.

Key Points: 
  • The following is attributable to Gavriel Kahane and Jonathon Blackwell, Arkhouse Managing Partners.
  • “Ric Clark and Rick Markee bring tremendous dealmaking experience to Macy’s Board and will be instrumental in maximizing value for shareholders.
  • As a result of our efforts, our buyer group has begun receiving due diligence to progress discussions toward a potential transaction to acquire the Company.
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to the buyer group and Jefferies Group LLC is serving as financial advisor to the buyer group.

BJ’s Restaurants, Inc. Engages PW Partners to Provide Cost Structure Recommendations

Retrieved on: 
Wednesday, March 27, 2024
Cooperation, History, Restaurant, Sidley Austin, Management

HUNTINGTON BEACH, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- BJ’s Restaurants, Inc. (“BJ’s” or the “Company”) (Nasdaq: BJRI) today announced that it has engaged PW Partners, LLC (“PW Partners”) to provide recommendations regarding cost structure and efficiencies to the Company and its board of directors (the “Board”).

Key Points: 
  • HUNTINGTON BEACH, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- BJ’s Restaurants, Inc. (“BJ’s” or the “Company”) (Nasdaq: BJRI) today announced that it has engaged PW Partners, LLC (“PW Partners”) to provide recommendations regarding cost structure and efficiencies to the Company and its board of directors (the “Board”).
  • In conjunction with PW Partners’ engagement, the Company entered into a cooperation agreement (the “Cooperation Agreement”) with PW Partners, a beneficial owner of more than 5% of the Company’s common stock.
  • PW Partners is an investment management and advisory firm focused on cost structure analysis and long-term value creation for small and mid-cap companies.
  • PW Partners has a strong history of creating value through cost structure analysis, enhanced strategic decision making, operational excellence, capital allocation and board involvement.

Arkhouse and Brigade Capital Increase Offer to Acquire Macy’s to $24.00 Per Share

Retrieved on: 
Sunday, March 3, 2024
Retail, Professional Services, Department Stores, Finance, Acquisition, Jefferies Group, Management, Fortress Investment Group, Sale, LLP, Fortification, Partnership, Security (finance)

Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), today announced it has submitted an increased all-cash proposal to acquire Macy’s (“Macy’s”, or the “Company”) (NYSE: M) for $24.00 per share along with its partner, Brigade Capital Management (“Brigade”).

Key Points: 
  • Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), today announced it has submitted an increased all-cash proposal to acquire Macy’s (“Macy’s”, or the “Company”) (NYSE: M) for $24.00 per share along with its partner, Brigade Capital Management (“Brigade”).
  • Arkhouse and Brigade have also disclosed additional information about their financing, including identifying Fortress Investment Group LLC (“Fortress”) and One Investment Management US (“OneIM”) as equity capital partners for the proposed transaction.
  • After coordinating with our financing sources, we have increased our offer to $24.00 per share in cash.
  • Cadwalader, Wickersham & Taft LLP is serving as legal counsel and Longacre Square Partners is serving as strategic advisor to Arkhouse.

Z Capital Credit Partners ("ZCCP") Announces Closing of $331.3 Million BSL CLO

Retrieved on: 
Monday, March 4, 2024
Banking, Asset Management, Professional Services, Finance, CLO, L.L.C, Capital Group Companies, Credit, Multimedia, Cryptocurrency

Z Capital Credit Partners, L.L.C.

Key Points: 
  • Z Capital Credit Partners, L.L.C.
  • ("ZCCP"), the credit fund management platform of Z Capital Group, L.L.C.
  • ("ZCG"), today announced the closing of a $331.3 million collateralized loan obligation (“CLO”) managed by its affiliate, Z Capital CLO Management, L.L.C.
  • ("Z Capital CLO Management").

AlTi Tiedemann Global welcomes strategic investment of up to $450m from Allianz X and Constellation Wealth Capital

Retrieved on: 
Thursday, February 22, 2024
Asset Management, Professional Services, Finance, Constellation, Joel Tobeck, XETRA, Investment, Common stock, Common, Allianz, Cadwalader, Event, CWC, Webcast, UHNW, Partner (business rank), Gibson Dunn, Eastern Time Zone, Security (finance), Sullivan & Cromwell, Oliver Cromwell, Partnership

AlTi Global, Inc. (NASDAQ: ALTI), a leading independent global wealth and alternatives manager with approximately $68 billion in combined assets, today announced a strategic investment of up to $450 million by Allianz X and Constellation Wealth Capital (“CWC”).

Key Points: 
  • AlTi Global, Inc. (NASDAQ: ALTI), a leading independent global wealth and alternatives manager with approximately $68 billion in combined assets, today announced a strategic investment of up to $450 million by Allianz X and Constellation Wealth Capital (“CWC”).
  • CWC, an investment advisory firm specializing in making investments in industry-leading wealth managers, will invest $150 million.
  • AlTi will use the capital principally to fund its mergers and acquisitions (“M&A”) pipeline and organic growth activities.
  • Michael Tiedemann, Chief Executive Officer of AlTi Tiedemann Global, said:
    “This investment accelerates AlTi’s trajectory to become the leading global independent UHNW wealth management platform, with strategic and targeted expertise in alternatives.

AngioDynamics Announces Sale of PICC and Midline Product Portfolios to Spectrum Vascular for $45 Million

Retrieved on: 
Thursday, February 15, 2024
Oncology, Medical Supplies, Health, Surgery, Cardiology, Biotechnology, Acquisition, Marketing, Sale, Cadwalader, Medical laboratory scientist, Radiofrequency ablation, Dialysis, PICC, Nanoknife, Cadwalader, Wickersham & Taft, UBS, Cancer, Security (finance)

The transaction consists of AngioDynamics’ PICC, Midline and tip location products.

Key Points: 
  • The transaction consists of AngioDynamics’ PICC, Midline and tip location products.
  • This combined portfolio of products contributed approximately $43.5 million in annual sales during AngioDynamics’ fiscal year 2023.
  • These products contributed approximately $5.5 million in annual sales during AngioDynamics’ fiscal year 2023.
  • The divestiture of the PICC and Midline businesses, together with the discontinuance of the radiofrequency ablation and Syntrax businesses, will reduce full-year fiscal 2024 revenue by approximately $50 million.

Arkhouse Issues Statement on Macy’s, Inc.

Retrieved on: 
Sunday, January 21, 2024
Supply Chain Management, Online Retail, Other Retail, Professional Services, Department Stores, Catalog, Fashion, Cosmetics, Retail, Finance, Footwear, Home Goods, LP, LLP, Jefferies Group, Privatization, Acquisition, Letter, Management

Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), which owns a significant stake in Macy’s, Inc. (“Macy’s” or the “Company”) (NYSE: M), today issued the following statement from Arkhouse Managing Partners Gavriel Kahane and Jonathon Blackwell:

Key Points: 
  • Arkhouse Management Co. LP (together with its affiliates, “Arkhouse”, “we” or “us”), which owns a significant stake in Macy’s, Inc. (“Macy’s” or the “Company”) (NYSE: M), today issued the following statement from Arkhouse Managing Partners Gavriel Kahane and Jonathon Blackwell:
    “In recent weeks, Arkhouse and our partner, Brigade Capital Management, LP, have engaged privately with Macy’s regarding a potential acquisition of the Company.
  • We encourage the Company to respond to us this week, as it indicated, without further delaying substantive discussions.
  • Jefferies Group LLC has provided a highly confident letter supporting our ability to raise the necessary funds for the transaction.
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel and Jefferies Group LLC is serving as financial advisor to the buyer group.

Moses Singer Welcomes Securities Litigator Isaac Greaney

Retrieved on: 
Tuesday, January 9, 2024
Finance, Consulting, Professional Services, Other Professional Services, Legal, Culture, Trust, Lawsuit, University, CFTC, Chairperson, DOJ, FINRA, Appellate court, Sidley Austin, FERC, Swim Across America, Nursing

Moses Singer LLP is pleased to announce the arrival of Isaac S. Greaney as a partner in its Litigation Practice Group.

Key Points: 
  • Moses Singer LLP is pleased to announce the arrival of Isaac S. Greaney as a partner in its Litigation Practice Group.
  • Greaney joins the firm from Sidley Austin LLP, where he was a partner focusing on commercial disputes.
  • With more than 20 years’ experience in securities litigation and defense of securities enforcement investigations, Greaney has represented financial institutions, corporations and officers and directors in litigation involving violations of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Trust Administration Act, as well as in investigations by the SEC, DOJ, FINRA, CFTC, FERC, and various state attorneys general.
  • "We are thrilled to have Isaac join our robust litigation team," said David Lackowitz , Co-Chair of Moses Singer’s Litigation practice group.

Royer Cooper Cohen Braunfeld LLC Welcomes Two Business Professionals to Leadership Team

Retrieved on: 
Monday, November 13, 2023
Assistant, Partner (business rank), Business development, Risk management, CFO, RCCB, Insurance, Cadwalader, Marketing, Business, Controller, Financial management, International law, Management, Renewable energy

PHILADELPHIA, Nov. 13, 2023 /PRNewswire-PRWeb/ -- Royer Cooper Cohen Braunfeld LLC (RCCB), a law firm offering a distinctive combination of practical business acumen, legal expertise and entrepreneurial passion, today announced the addition of two new business professionals to its leadership team. Gina N. Nardo has joined RCCB as Chief Financial Officer (CFO) and Director of Operations and Amy Schaffer has joined the firm as Director of Business Development.

Key Points: 
  • Gina N. Nardo named CFO and Director of Operations; Amy Schaffer joins as Director of Business Development
    PHILADELPHIA, Nov. 13, 2023 /PRNewswire-PRWeb/ -- Royer Cooper Cohen Braunfeld LLC (RCCB), a law firm offering a distinctive combination of practical business acumen, legal expertise and entrepreneurial passion, today announced the addition of two new business professionals to its leadership team.
  • Gina N. Nardo has joined RCCB as Chief Financial Officer (CFO) and Director of Operations and Amy Schaffer has joined the firm as Director of Business Development.
  • Ms. Schaffer is a distinguished legal professional with a proven track record in marketing and business development.
  • "I look forward to advancing strategic business development initiatives and supporting our attorneys' continued efforts to deliver RCCB's brand of elevated client engagement."