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Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Lukas Hovorka to the position of Senior Vice President, Corporate Development, effective March 1, 2021.
“Lukas has been an instrumental part of the ongoing transformation of Barnes Group and the reshaping of our business portfolio. With his promotion, I look forward to further collaborating with him on the acceleration of our efforts to build a world-class company of high margin, high growth businesses. Given Lukas’s extensive experience in corporate development, his thorough knowledge of our current portfolio, and his strong business acumen, I am confident that he will make an even more significant impact on the Company,” said Patrick J. Dempsey, President and Chief Executive Officer of Barnes Group Inc.
Tuesday, March 2, 2021
As I reported in my September 22, 2020, blog post, “SEC Focus on Municipal Securities: Disclosure and Enforcement – The Peculiar Structure of the Municipal Securities Disclosure Regime,” in March 2019, the U.S. Securities and Exchange Commission (“SEC”) filed a civil lawsuit against the former controller of the College of New Rochelle, a non-profit college in Westchester County, just north of New York City. The college had gotten in financial trouble due to declining enrollment and a falling collection of pledged donations. Beginning in 2013 the controller falsified financial records and failed to pay payroll taxes so that by 2015, the college’s financial statements overstated net assets by almost $34 million. In order to try to keep the college in operation, the controller began secretly using money from the college’s endowment funds to pay for operating expenses, and by 2015, the $30 million endowment was depleted to $8.8 million.
Clifford Chance advises Partners Group on the acquisition of Parmaco
2 March 2021
Clifford Chance advises Partners Group on the acquisition of Parmaco
International law firm Clifford Chance is advising Partners Group, the leading global private markets firm, acting on behalf of its clients, on the acquisition of Parmaco, a leading Finnish education infrastructure platform, from a consortium led by European private equity firms Terra Firma and Metric Capital.
Established in 1966 and headquartered in Tampere, Finland, Parmaco designs, builds and leases fully assembled and ready-to-use high quality wooden modular buildings that are used as schools and day care centres in Finland and Sweden.
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