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Francisco Partners Completes Acquisition of Jamf
Businesswire· 2026-01-30 13:35
Core Insights - Jamf has been acquired by Francisco Partners for $13.05 per share in cash, totaling an enterprise value of approximately $2.2 billion [1][2] - The acquisition is expected to enhance Jamf's innovation roadmap and expand its product offerings, positioning the company for accelerated growth [2] - Following the acquisition, Jamf will operate as a privately held company and its common stock will no longer be listed on NASDAQ [3] Company Overview - Jamf specializes in managing and securing Apple ecosystems for organizations, providing a complete management and security solution designed for enterprise security and consumer simplicity [5] - Francisco Partners is a global investment firm with over 25 years of experience, having invested in more than 500 technology companies and raised over $50 billion in capital [6] Transaction Details - The transaction was approved by Jamf's stockholders during a special meeting held on January 8, 2026 [2] - Citi acted as the exclusive financial advisor for Jamf, while RBC Capital Markets served as the lead financial advisor for Francisco Partners [4]
Equinor ASA: Execution of debt capital market transactions
Globenewswire· 2025-05-27 21:09
Group 1 - The core transaction involves Equinor ASA executing debt capital market transactions, including the issuance of Notes to enhance financial flexibility [1][4] - The net proceeds from the issuance will be utilized for general corporate purposes, which may encompass the repayment or purchase of existing debt [1] - The offering is set to close on June 3, 2025, pending customary conditions [2] Group 2 - The company issued USD 550 million 4.25% Notes due June 2, 2028, USD 400 million 4.50% Notes due September 3, 2030, and USD 800 million 5.125% Notes due June 3, 2035 [4]
Garrett Motion Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
Globenewswire· 2025-05-20 21:03
Company Overview - Garrett Motion Inc. is a leading differentiated automotive technology provider with a 70-year history of innovation in the automotive sector and beyond, including off-highway equipment, marine, and power generators [8] - The company specializes in turbocharging technology, which has led to significant reductions in engine size, fuel consumption, and CO2 emissions [8] - Garrett is actively developing technology solutions for Zero Emission Vehicles, including fuel cell compressors for hydrogen fuel cell vehicles and electric propulsion systems for battery electric vehicles [8] - The company operates five R&D centers and 13 manufacturing facilities, employing over 9,000 people in more than 20 countries [8] Recent Developments - Garrett announced a proposed secondary public offering of 17,000,000 shares of common stock held by certain entities managed by affiliates of Oaktree Capital Management, Centerbridge Partners, and Cyrus Capital Partners [1] - The underwriters have a 30-day option to purchase an additional 2,550,000 shares from the Selling Stockholders [1] - The company has authorized the repurchase of approximately 2 million shares of common stock as part of the secondary public offering, with a maximum aggregate repurchase amount of $25 million [2] - This repurchase is part of Garrett's existing $250 million share repurchase program [2] Underwriters and Regulatory Filings - Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as lead bookrunners for the proposed offering, with several other firms serving as joint bookrunning managers [3] - A shelf registration statement and a preliminary prospectus supplement relating to the offering have been filed with the Securities and Exchange Commission [4]
IAC Nominates Tor R. Braham to Board of Directors
Prnewswire· 2025-04-29 11:30
Core Insights - IAC is enhancing its corporate governance by adding Tor R. Braham to its Board of Directors in connection with the 2025 Annual Meeting of Stockholders [1][2] - The addition of Mr. Braham follows constructive engagement with shareholder Arkhouse Management Co. LP, indicating a collaborative approach to governance [2] - The Board has nominated a total of eleven candidates for election, including Mr. Braham, with a focus on creating value for shareholders [3] Corporate Governance Enhancements - The Board intends to adopt a director resignation policy for nominees who receive less than a majority of votes in uncontested elections, reflecting a commitment to accountability [4] - Mr. Braham is expected to join the newly renamed Nominating and Corporate Governance Committee, leveraging his experience in technology and capital markets [1][2] Background of Tor R. Braham - Mr. Braham has extensive experience in board service and investment banking, having served on various boards including A10 Networks and Viavi Solutions, and held senior roles at Deutsche Bank and Credit Suisse [5] - His educational background includes a J.D. from New York University School of Law and a B.A. from Columbia College, enhancing his qualifications for the Board [5] About IAC - IAC is a company focused on building and acquiring new products and brands, with a history of evolving into independent, publicly traded companies [6] - The company holds strategic equity positions in various industries, including MGM Resorts International and Turo Inc., showcasing its diversified investment strategy [6]
BNY Announces Pricing of Public Offering of $500,000,000 of Depositary Shares Representing Interests in Preferred Stock
Prnewswire· 2025-03-03 23:14
Core Viewpoint - The Bank of New York Mellon Corporation (BNY) has announced a public offering of 500,000 depositary shares, each representing a 1/100th interest in its Series J Noncumulative Perpetual Preferred Stock, with an aggregate public offering price of $500 million [1] Group 1: Offering Details - The depositary shares are priced at $1,000 each, with a liquidation preference of $100,000 per share [1] - Dividends will accrue at a rate of 6.300% per annum until March 20, 2030, after which the rate will be based on the five-year treasury rate plus 2.297% [1] - The offering is expected to close on March 10, 2025 [1] Group 2: Use of Proceeds - BNY intends to use the net proceeds from the sale of the depositary shares for general corporate purposes [2] Group 3: Regulatory Filings - BNY filed a shelf registration statement on October 18, 2024, and a preliminary prospectus supplement on March 3, 2025, with plans to file a final prospectus supplement with the SEC [3] Group 4: Company Overview - BNY is a global financial services company managing over $52.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management as of December 31, 2024 [4] - The company has been recognized among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators [5]