Eldridge Industries
Eldridge Industries Announces $1.36 Billion Equity Investment
4/15/2019 — Eldridge Industries (“Eldridge” or “the Company”), a private investment firm, today announced the closing of $1.36 billion of common equity issued to a partnership owned substantially by Swiss businessman and philanthropist, Hansjörg Wyss, and Eldridge Co-Founder, CEO and controlling-member, Todd Boehly. This marks the second investment the Wyss and Boehly partnership have made into Eldridge. The new proceeds will further capitalize Eldridge and will drive strategic growth across the Company’s businesses.
Eldridge Industries
Todd Boehly Makes Money by Thinking Inside the Box
4/15/2019 – In Barron’s April 15th issue, Mary Childs profiles Eldridge Industries founder Todd Boehly.
Asset Management and Leasing
Stonebriar Closed its Fifth Equipment Securitization Transaction for $650 Million
4/10/2019 – Stonebriar Commercial Finance, a leading independent large-ticket commercial finance company, closed its fifth commercial equipment asset-backed securitization (“ABS”), SCFET 2019-1, a $650 million ABS issuance with top tranches rated triple A.
Asset Leasing and Financing
Essential Properties Realty Trust Equity Offerings
3/21/2019 – Essential Properties Realty Trust ("EPRT"), a triple net lease REIT that manages single-tenant commercial properties, completed its initial public offering of common stock in June 2018 at $14.00 per share. Earlier this month EPRT completed its first follow-on offering, selling 14,030,000 shares of common stock at $17.50 per share, including the underwriters’ full exercise of their option to purchase additional shares. EPRT trades under the symbol EPRT on the NYSE.
Mena Summit 2019
Seeing Real Opportunity in Entertainment in Middle East
2/13/2019 – Todd Boehly, Eldridge Industries Chairman and CEO, discusses opportunities in the region:
Asset Management Businesses
CBAM Closes Its Ninth CLO since 2017 at $602 Million
2/13/2019 – CBAM announced that it has closed a $602 million collateralized loan obligation ("CLO"), with Barclays acting as lead arranger. CBAM 2019-9 brings CBAM's total CLO issuance to $9.0 billion since June 2017 with its first CLO closing.
Asset Management Businesses
Eldridge Industries Acquires Majority Ownership Position in Maranon Capital
2/4/2019 – Maranon Capital, L.P., an investment firm focused on private credit investments in middle market companies, today announced that Eldridge Industries has increased its investment in Maranon, now holding a majority ownership position.
Media and Sports
Cloud9 Welcomes New Partner Puma for 2019 LCS Spring Split
1/14/2019 – Cloud9 announced a new partnership with PUMA for Cloud9’s North American League of Legends Championship Series (NA LCS) team for Spring Split. The signing is the largest esports deal to date for PUMA, and is also a milestone, being a first-of-its-kind apparel partnership for Cloud9.
Asset Management Businesses
New Hotel Receives the Ultimate Compliment
12/14/18 – Etiquette expert William Hanson describes the service at the Waldorf Astoria Beverly Hills as the ‘Olympic Standard’ –‘No fine detail has been missed and tranquility is the consistent theme.’ Open for just over a year, the hotel offers 170 rooms and blends American can-do innovation with discreet, attentive British service.
Media and Sports
Amazon Backs The Hollywood Reporter’s Diversity Effort
12/4/18 – The Hollywood Reporter announced the creation of a two year job-training program called the Young Executives Fellowship, which will provide the opportunity for a diverse group of high school juniors from Los Angeles to learn about the entertainment industry. Amazon Studios and WME are sponsors, with Mayor Eric Garcetti of Los Angeles and Martin Luther King III serving as advisory board members.
Asset Management Businesses
Cain International and Alagem Capital Group to Acquire Landmark Beverly Hills Property 9900 Wilshire Boulevard
11/15/2018 – Cain International and Alagem Capital Group announced an agreement to acquire 9900 Wilshire Boulevard Beverly Hills, California (also known as One Beverly Hills). The acquisition is the continuation of a significant investment in Beverly Hills by Cain International, which, earlier this year partnered with Alagem Capital Group and purchased a stake in the neighboring Waldorf Astoria and The Beverly Hilton hotels. The combination of the hotels and land at 9900 Wilshire Boulevard brings together 17 contiguous acres and over one million square feet of developable property in the heart of Beverly Hills.
Asset Management Businesses
CBAM Closes Its Fourth CLO of 2018 and Eighth since June 2017
10/10/2018 – CBAM today announced that it has closed a $504-million collateralized loan obligation ("CLO"), with Morgan Stanley acting as lead arranger. CBAM 2018-8 brings CBAM's total CLO issuance to $8.4 billion since the close of its first CLO in June 2017.
Asset Management Businesses
Cain International Sells Stake in sbe Entertainment Group to AccorHotels
10/9/2018 – Cain International has closed on the sale of its stake in sbe Entertainment Group to AccorHotels providing a successful exit to its investors. Cain International first took a stake in sbe Entertainment Group in December 2016, providing capital to institutionalize and dramatically scale the business through acquisition, development and repositioning of over $1 billion in assets worldwide.
Media and Sports
Valence Media Invests in Fulwell 73
9/17/2018 – Valence Media has finalized an investment in Fulwell 73, the prolific British independent production company run by partners Ben Winston, Leo Pearlman, Gabe Turner, Ben Turner and James Corden. Fulwell 73 produces the wildly popular shows Carpool Karaoke and Drop the Mic as well as the documentaries Class of 92, I Am Bolt, One Direction 3D: This Is Us, among others. The Company also co-produces The Late Late Show with James Corden.
Real Estate Development
How The St. James Is Changing the Sports and Wellness Game
9/12/2018 – Kendrick Ashton and Craig Dixon discuss the opening of The St. James, a 450,000 square foot sports, wellness and active entertainment destination in the Washington DC metro area.
Asset Management Businesses
Alagem Capital Group and Cain International Announce Partnership on Premiere West Coast Properties Waldorf Astoria and Beverly Hilton
8/21/2018 – Alagem Capital Group today announced an investment partnership with Cain International on the Waldorf Astoria Beverly Hills and the Beverly Hilton. Building on the successful stewardship of multiple real estate developments in the UK, Europe, and US, Cain International is expanding its US presence with this new partnership in Los Angeles.
Asset Management Businesses
CBAM Closes Its Third CLO of 2018
7/12/2018 – CBAM’s third CLO of 2018 brings total new issuance to $2.8 billion for the year.
Branded Hospitality and Consumer
NPC International Appoints Jim Schwartz as Chairman and Troy Cook as Vice Chairman
6/26/2018 – NPC International, the fifth largest restaurant unit operator in the United States and largest domestic franchisee of both Pizza Hut and Wendy’s, today announced that after more than 23 years of leading the Company, Jim Schwartz, Chief Executive Officer, and Troy Cook, Chief Financial Officer, will transition from their current executive roles to the new roles of Chairman and Vice Chairman of the Company, respectively.
Security Benefit's RateTrack® Annuity Wins Wink's 2017 Excellence in Annuity Innovation Award
6/21/2018 – Independent market research firm Wink, Inc. has named Security Benefit Life Insurance Company’s RateTrack® Annuity as its 2017 award winner for Excellence in Annuity Innovation. In developing the Excellence in Annuity Innovation Award, its first-ever award program, Wink reviewed the 202 fixed and fixed index deferred annuities that launched in 2017, as well as the 105 that launched in 2016. Their aim was to identify non-variable deferred annuity products with unique identifying features.
Asset Leasing and Financing
Essential Properties Realty Trust, Inc. Announces Pricing of Initial Public Offering
6/20/2018 - Essential Properties Realty Trust, Inc., an internally managed real estate company that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to middle-market companies operating service-oriented or experience-based businesses, today announced the pricing of its initial public offering of 32,500,000 shares of its common stock at an initial public offering price of $14.00 per share.
Asset Management Businesses
CBAM Closes its Second CLO of 2018 at $1 billion
6/15/2018 - CBAM’s sixth CLO brings total new issuance since August 2016 to $7.1 billion.
Branded Hospitality and Consumer
Inside the Quest to Build the World’s Next Biggest Franchises
5/31/2018 - Aurify Brands is helping food entrepreneurs scale their fledgling brands by providing them with everything from capital to operational support and mentorship.
Asset Leasing and Financing
Stonebriar Closes its Fourth Equipment Securitization Transaction for $578 Million
5/30/2018 - Stonebriar Commercial Finance announced the closing of SCFET 2018-1, a $578 million asset-backed securitization transaction. SCFET 2018-1 marks the fourth equipment securitization transaction that Stonebriar has closed in the last 24 months and its first to secure triple-A ratings.
Asset Management Businesses
Cain International Secures £390 Million Development Loan for The Stage
4/17/2018 - Cain International, the diversified real estate investment company, has secured a £390 million development loan for The Stage, its £750 million mixed-use project in London’s Shoreditch.
Security Benefit Derivatives Team Awarded “Insurance Risk Management Team of the Year” by EQDerivatives, Inc.
3/21/2018 - Security Benefit has earned the EQDerivatives 2018 “Insurance Risk Management Team of the Year” award for its risk management program for its fixed indexed annuity products.
Media and Sports
Valence Media Launches to Create New Diversified Media Company
2/1/2018 - Deal merges industry leaders in premium television, film, live entertainment and digital media: Billboard-Hollywood Reporter Media Group, dick clark productions and MRC
Kuvare Selects SE2 as Key Technology and Operations Partner
2/1/2018 - SE2 will enable KUVARE to increase its speed to market, improve its digital technology offerings, drive greater process discipline and standardization, and maintain high levels of customer service for its North American insurance clients
Asset Leasing and Financing
Elliott Bay Announces 2017 Activity
1/12/2018 - 37 Properties Acquired and Three Independent Members Join Board of Directors
Security Benefit's Financial Strength Rating Upgraded to A-
12/20/2017 - Balance sheet strength and strong performance cited in revised rating from A.M. Best
Asset Leasing and Financing
Stonebriar Commercial Finance Closes Third Securitization
12/6/2017 - SCFET 2017-2, a $374 million asset-backed securitization transaction, marks the third securitization transaction that Stonebriar has closed in the last 18 months
Asset Management Businesses
CBAM Closes $1 Billion Collateralized Loan Obligation
12/6/2017 - CBAM announced today that is has closed a $1 billion collateralized loan obligation ("CLO"), led by Morgan Stanley. CBAM has now closed four CLOs totaling more than $5.1 billion, making it the largest U.S. issuer of new CLOs in 2017.