Hedge Fund and Insider Trading News: Dan Niles, Crispin Odey, Joseph Edelman, Westbeck Capital Management, Cerberus Capital Management, AMC Networks Inc (AMCX), C3Ai Inc (AI), and More
Hedge fund manager Dan Niles told CNBC on Wednesday he likes shares of Magna International as an attractively priced way to get exposure to the buzzy electric vehicle market. EVs have been in the spotlight on Wall Street in recent months as a flurry of startups go public through reverse mergers with special purpose acquisition companies, and as established auto titans like General Motors and Ford ramp up their investments to compete with established players such as Tesla.
(Separate multiple addresses with a comma)
Your Email Address
Your Message (optional)
Cerberus Business Finance Raises $4.4B for U.S. Direct Lending Strategy
March 10, 2021, 08:10 AM
Cerberus Capital Management announced that its middle-market direct lending platform, Cerberus Business Finance, completed the final close of its latest flagship fund, Cerberus Levered Loan Opportunities Fund IV (âFund IVâ). Fund IV closed with $2.4 billion of equity commitments and, in total, Cerberus Business Finance raised more than $4.4 billion of equity commitments for its strategy across Fund IV and separately managed accounts. Together with additional fund-level leverage commitments, this raise brings Cerberus Business Financeâs total capital to over $20 billion.
Distressed investment specialist Cerberus Capital Management has hauled in $4.4bn for its latest middle-market direct lending fund and separate managed accounts.
Avid Technology Announces Closing of Debt Refinancing Resulting in Expected $10 Million Annual Interest Savings
Avid Technology Announces Closing of Debt Refinancing Resulting in Expected $10 Million Annual Interest Savings
New Facility Expected to Improve Free Cash Flow by Approximately $10 Million and Non-GAAP Net Income per Share by Approximately $0.22 in 2021
New JPMorgan-Led Credit Facility Consists of $180 Million Term Loan and $70 Million Unfunded Revolving Credit Facility
Refinancing Reduces Avid’s Funded Debt by Approximately $21 Million and the Effective Cash Interest Rate by 450bps from 7.75% to 3.25%
Terms of the New Facility Provide Avid Significant Incremental Flexibility to Support Its Strategy and Growth Plans
BURLINGTON, Mass., Jan. 05, 2021 Avid
Posted on 364
SK Capital Partners LP, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, today announced that funds it advises have signed a definitive agreement to acquire the Blow-Fill-Seal (“BFS”) Sterile Contract Development and Manufacturing Business (the “Business”) from Catalent Pharma Solutions, LLC. The acquisition of the Business, which will operate as a new independent company, is expected to close in April of 2021.
The Business is a leading BFS sterile contract development and manufacturing organization (CDMO) that operates out of a single site in Woodstock, Illinois, focusing on complex clinical to commercial stage formulation and manufacturing. The Business supports a global, blue-chip customer base with a broad array of products that leverage its BFS sterile manufacturing capabilities and formulation competency in complex chemistries including smal