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Ares Leads $1.6 Billion Debt Financing to Support Suave Brands and Elida Beauty Merger to Create Evermark
Businesswire· 2026-01-29 11:30
Core Viewpoint - Ares Management Corporation has facilitated $1.6 billion in debt financing to support the merger of Suave Brands Company and Elida Beauty, resulting in the formation of Evermark, LLC, a new leading global platform for personal care brands [1][3]. Group 1: Ares Management Corporation - Ares Management Corporation is a prominent global alternative investment manager with over $595 billion in assets under management as of September 30, 2025, offering investment solutions across various asset classes including credit, real estate, private equity, and infrastructure [4]. - The company emphasizes its commitment to providing flexible capital that supports businesses and creates value for investors and communities [4]. Group 2: Evermark, LLC - Evermark, LLC is established as a personal care platform that combines the legacy of Suave Brands and Elida Beauty, featuring a portfolio of well-known brands such as Suave, ChapStick, Q-tips, and others [2][5]. - The company aims to drive sustainable growth through brand-focused leadership, operational discipline, and long-term investment strategies [5]. Group 3: Yellow Wood Partners - Yellow Wood Partners is a consumer-focused private equity firm that invests in both founder-owned and legacy consumer brands, managing over 40 household global brands [6]. - The firm employs a unique investment and operating strategy called Consumer Operating DNA® to unlock brand value and facilitate growth [6].
Volato Group and M2i Global Reaffirm Targeted First Quarter 2026 Merger Closing and Advance SEC Review
Businesswire· 2026-01-20 16:00
Core Viewpoint - Volato Group, Inc. and M2i Global, Inc. are on track to complete their business combination by the first quarter of 2026, supported by progress in the SEC review process and operational planning [1][2][3]. Regulatory Process - The merger agreement's end date has been extended to March 31, 2026, to align with the SEC review process and ensure a compliant execution [3]. - Amendment No. 1 to the Form S-4 was filed to address SEC comments and advance the registration statement, which was delayed due to a temporary slowdown in SEC operations [4]. Strategic Rationale - The companies express confidence in the strategic rationale for the merger, emphasizing the importance of completing regulatory steps in an orderly manner [5]. - Both companies are making progress in merger integration preparation, focusing on governance, reporting, internal controls, and operational alignment to ensure a smooth transition post-closing [5]. Company Profiles - Volato Group, Inc. is a technology company that enhances decision-making through scalable software and data solutions, and is expanding into the critical minerals sector through its merger with M2i Global [6]. - M2i Global, Inc. focuses on ensuring access to critical minerals for national defense and economic security, aiming to create a resilient supply chain to address global shortages [7].
Allegiant Travel Company (NasdaqGS:ALGT) Earnings Call Presentation
2026-01-12 13:30
#005595 #FFD105 #394B5D #38AC49 #FD8103 #394B5D Transaction Announcement January 12, 2026 #FD8103 Cautionary Statement Regarding Forward-Looking Statements This communication contains forward-looking statements under the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, Section 27A of the Securities Act of 1933 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and often can be identified by th ...
UK: TotalEnergies Merges Its Upstream Business with NEO NEXT, Creating the Largest Independent Oil and Gas Producer in the UK
Businesswire· 2025-12-08 08:08
Core Points - TotalEnergies has signed an agreement to merge its Upstream business with NEO NEXT Energy Limited, resulting in the formation of NEO NEXT+, where TotalEnergies will hold a 47.5% stake [1][9] - NEO NEXT+ is projected to become the largest independent oil and gas producer in the UK, with a production capacity exceeding 250,000 barrels of oil equivalent per day by 2026 [1][9] - The transaction reflects TotalEnergies' long-term commitment to the UK oil and gas sector and aims to enhance energy security [2] Company Overview - TotalEnergies has been operating in the UK for over 60 years, employing more than 1,800 people and managing approximately 27% of the UK Continental Shelf's gas production, with an average daily equity production of 121,000 barrels of oil equivalent per day expected in 2024 [4] - The company is also a significant player in the UK's energy market, providing gas and electricity to businesses and the public sector, along with electric vehicle charging solutions and various petroleum products [6] - TotalEnergies is actively pursuing an Integrated Power strategy in the UK, which includes a renewable portfolio with 1.1 GW of gross installed capacity and 4.5 GW under development in offshore wind and solar projects [5]
When will Kirkland’s stores become Bed Bath & Beyond? What we know
Yahoo Finance· 2025-12-03 19:14
Core Insights - Bed Bath & Beyond has entered into a merger agreement to acquire The Brand House Collective, previously known as Kirkland's Inc, valued at $26.8 million [1][2] - The merger will lead to the conversion of approximately 250 Kirkland's stores into Bed Bath & Beyond locations, with some stores set to close [4][5] - The acquisition aims to create a more efficient consumer engagement and is expected to eliminate over $20 million in duplicate costs [2] Company Strategy - The executive chairman of Bed Bath & Beyond, Marcus Lemonis, emphasized that the acquisition is a significant step towards building a profitable, growth-oriented company [2] - Early conversions of Bed Bath & Beyond stores have shown double-digit sales growth post-reopening [2] - The company plans to open 300 new stores over the next 24 months, although it will not open any locations in California due to regulatory challenges [6] Market Position - Bed Bath & Beyond filed for bankruptcy in 2023 and closed all physical stores, but is now attempting a comeback through planned reopenings [7] - The Brand House Collective has identified over 40 underperforming Kirkland's stores for closure in early 2026 [7] - The acquisition of Kirkland's intellectual property for $10 million is expected to facilitate more store conversions [4]
REV Group (NYSE:REVG) Earnings Call Presentation
2025-10-30 12:30
AND ESTABLISHING A LEADING SPECIALTY EQUIPMENT MANUFACTURER OCTOBER 30, 2025 E X E C U T E • I N N O V A T E • G R O W 1 Cautionary Statement About Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, which involve risks and uncertainties. Any statements about Terex's and REV Group's, or the combined company's plans, objectives, expectations, strategies, beliefs ...
Mallinckrodt Receives Necessary Ruling from Irish High Court to Combine with Endo, Inc.
Prnewswire· 2025-07-17 11:43
Core Viewpoint - The merger between Mallinckrodt plc and Endo, Inc. is set to close in early August 2025, following the Irish High Court's ruling and shareholder approvals, aiming to create a diversified global therapeutics leader [1][2][3] Company Overview - Mallinckrodt is a global business with multiple subsidiaries focused on developing, manufacturing, marketing, and distributing specialty pharmaceutical products, particularly in areas like autoimmune and rare diseases, neonatal respiratory care, and gastrointestinal products [5] - Endo is a diversified pharmaceutical company dedicated to transforming insights into life-enhancing therapies, with a commitment to delivering essential medicines [7] Merger Details - The merger involves a stock and cash transaction, with Mallinckrodt's headquarters in Dublin serving as the global headquarters for the combined entity [1][2] - The companies plan to combine their generic pharmaceuticals businesses and Endo's sterile injectables business, with a future separation of these businesses subject to board approval [3] Leadership - Siggi Olafsson, President and CEO of Mallinckrodt, will continue in the same role for the combined company, emphasizing the opportunity for value creation for shareholders, customers, and employees [3] Advisory Teams - Mallinckrodt's financial advisor is Lazard, with legal counsel from Wachtell, Lipton, Rosen & Katz, Hogan Lovells, and Arthur Cox. Endo's financial advisor is Goldman Sachs & Co. LLC, with legal counsel from Davis Polk & Wardwell LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and A&L Goodbody LLP [4]
The Shyft Group Shareholders Approve Merger with Aebi Schmidt Group
Prnewswire· 2025-06-17 21:01
Company Overview - The Shyft Group, Inc. is a leader in specialty vehicle manufacturing, assembly, and upfit for commercial, retail, and service markets in North America, reporting sales of $786 million in 2024 [5] - Aebi Schmidt Group is a global leader in intelligent solutions for infrastructure and agricultural applications, generating net sales of over 1 billion EUR in 2024 and employing around 3,000 people [6][7] Merger Details - Shareholders of Shyft approved the merger agreement with Aebi Schmidt, with approximately 99% of votes in favor, representing about 81% of total outstanding shares as of May 13, 2025 [2][3] - The merger is expected to close on or around July 1, 2025, with the combined company to be named "Aebi Schmidt Group" and trading on NASDAQ under the ticker symbol "AEBI" [1][3] - Each share of Shyft common stock will be exchanged for approximately 1.04 shares of the combined company's common stock upon completion of the merger [3] Strategic Implications - The merger aims to create a differentiated global leader in the specialty vehicles industry, enhancing scale, capabilities, and customer value [4] - The combined entity is expected to unlock meaningful value for customers and shareholders, positioning itself for continued growth [4]
BioSig Enters into an LOI to Merge with Streamex Exchange Corp.
Globenewswire· 2025-05-05 13:42
Core Insights - BioSig Technologies, Inc. has entered into a Letter of Intent for a proposed merger with Streamex Exchange Corporation in an all-stock transaction [1] - The merger is viewed as a transformative opportunity that will unlock significant growth potential and enhance market reach for both companies [2] Proposed Terms of Merger - Post-merger, current stockholders of Streamex will own approximately 19.9% of BioSig's outstanding Common Stock, and after the conversion of Preferred Stock, they will own about 75% of the outstanding Common Stock [5] Management Changes - Henry McPhie, Co-Founder and CEO of Streamex, will become the new CEO of BioSig, while Morgan Lekstrom, Co-Founder and Chairman of Streamex, will serve as Chairman of the Board [6] - Anthony Amato, the current CEO and Chairman of BioSig, will remain on the Board [6] Strategic Advisor Additions - Frank Giustra will join as a Strategic Investor and Advisor on Commodities, with a notable background in founding major companies [6] - Mathew August and Mitchell Williams will serve as Strategic Advisors on US Capital Markets, bringing extensive experience in investment and venture capital [6]