Digital Colony to Acquire Landmark Dividend LLC
Posted on 05/18/2021
El Segundo, California-based Landmark Dividend LLC is a real estate and infrastructure acquisition and development company. Landmark Dividend owns, among other things, 100% of the membership interests in the general partner of Landmark Infrastructure Partners LP (LMRK) and 13.2% of the common units representing limited partner interests in LMRK. The Partnership owns and manages a portfolio of real property interests and infrastructure assets that the Partnership leases to companies in the wireless communication, digital infrastructure, outdoor advertising and renewable power generation industries.
Affiliates of Digital Colony Management, LLC entered into a definitive agreement to acquire Landmark Dividend. If the deal goes through, it would result in the payment of US$ 13.00 per common unit in cash to LMRK’s unaffiliated unit holders in a transaction valuing LMRK at approximately US$ 972 million.
Jin Seung-ho Named New CEO of Korea Investment Corporation
Posted on 05/17/2021
Jin Seung-ho will take office as the new CEO of the Korea Investment Corporation (KIC) on May 18, 2021. Jin Seung-ho is an former senior official at the Ministry of Finance of Korea. Korean Finance Minister Hong Nam-ki selected Jin Seung-ho among the three final candidates. With Hong’s recommendation, South Korean President Moon Jae-in appointed him as the sovereign wealth fund’s new CEO. The CEO term lasts for 3 years.
Jin Seung-ho is succeeding Choi Heenam whose three-year term ends on May 17, 2021.
Jin Seung-ho spent most of his bureaucratic career at the finance ministry that owns 100% of the Korea Investment Corporation. Jin Seung-ho led the South Korean Presidential Committee on Balanced National Development since 2019.
KKR Buys Majority Stake in Environmental Resources Management from OMERS and AIMCo
Posted on 05/17/2021
OMERS Private Equity and Alberta Investment Management Corporation, on behalf of certain of its clients (AIMCo), signed an agreement to sell their majority 60% stake in Environmental Resources Management (ERM) to KKR. As part of the deal, ERM’s management team and partners will retain a minority stake in the business. U.K.-headquartered ERM is the world’s largest pure-play sustainability consultancy, operating in over 40 countries with over 5,500 partners and employees globally. Since investing in ERM in 2015, OMERS Private Equity and AIMCo have worked closely with ERM and its management to support the business’ continued growth and development. This growth has been both organic and M&A-driven, with ERM having acquired and integrated 14 highly complementary businesses during OMERS and AIMCo’s investment period. The deal is believed to value ERM at around US$ 2.85 billion
New research found that PFAS were present in 100% of breast milk samples studied (sample of 50). PFAS are known as “forever chemicals” because their chemistry keeps them from breaking down under typical environmental conditions. Toxic-Free Future called on state and federal lawmakers to ban the use of PFAS, which are found in food-packaging, non-stick […]
Michael Larson is in charge of managing Microsoft Corporation co-founder Bill Gates’ massive fortune for decades. Larson is the chief investment officer for the Bill & Melinda Gates Foundation. Michael Larson is in charge of Cascade Investment and was reportedly accused of sexual harassment in 2017. The New York Times reported that the handling of […]