You are advised to make your own enquiries in relation to third parties described or linked on this site. Specialties: Investment Banking, Principal Investing, Infrastructure Finance, Private Equity, Energy Transition | Learn more about Karl Smith's work experience, education, connections & more by visiting their profile on LinkedIn Our diverse team of experts share their latest thinking. View original content:http://www.prnewswire.com/news-releases/cincinnati-bell-inc-to-be-acquired-by-macquarie-infrastructure-partners-in-2-9-billion-transaction-301022940.html, 1-800-345-6301 Ares Management's global platform had $149 billion of assets under management as of December 31, 2019 and employs approximately 1,200 employees in over 20 offices in more than 10 countries. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Romaine Bostick breaks down the day's top stories and trading action leading into the close. This information is a general description of the Macquarie Group only. [3], On December 16, 2004 the company went public as Macquarie Infrastructure Company Trust: it sold 26 million shares at $25 a piece and collected $665 million.[4]. Cautionary Statement Regarding Forward-Looking Statements. Unitholders of the Company will receive merger consideration of $4.11 per unit in cash as . The MIP funds now span 18 years and multiple economic cycles - we really think this is our sweet spot, focusing on similar risk-profile assets and sectors," Macquarie Infrastructure Partners Chief Executive Karl Kuchel said in an interview. Macquarie Infrastructure Partners V ("MIP V") an Americas-focused unlisted infrastructure fund managed by Macquarie Asset Management, today announced that it has entered into an agreement with Medical Properties Trust, Inc. ("MPT") (NYSE: MPW) to form a partnership pursuant to which a MIP V controlled subsidiary will acquire a 50% interest in a portfolio of eight Massachusetts-based . All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. (AFCO). Macquarie Infrastructure Partners serves clients worldwide. +1 (212) 231 2638 The recently closed deal, done through the Macquarie Infrastructure Partners V fund, marks the exit of prior investors including Goldman Sachs Private Capital Investing, Maple Partners and Ironwood Capital, as well as others that gained smaller stakes in LRS when their businesses were acquired. Macquarie Infrastructure Partners V GP, LLC (MIP GP), a noncarrier, filed on behalf of MIP Infrastructure Partners V fund vehicle (MIP V), MIP V Rail, LLC (MIP Rail), and Gulf & Atlantic Railway LLC (G&A), [] a verified notice of exemption under 49 CFR 1180.2(d)(2) to acquire control of three Class III railroads currently controlled by MB Rail IB, LLC (MBR IB): [] Camp Chase . Prior performance is not a reliable indicator of future results. A career at Macquarie means you'll have the opportunity to develop and utilise new skills, explore interesting fields and do challenging work that will impact the lives of people around the worldwhether it's accelerating the green energy transition, helping sustain global food supplies, financing social housing projects or investing in essential infrastructure. Macquarie's prior funds, the $5 billion Macquarie Infrastructure Partners IV and the $3 billion Macquarie Infrastructure Partners III, have returned 9.4% and 13.1% of their investors' money as of . It targets commercial services, infrastructure, industrials and utilities sectors. The company recently underwent a rebranding, changing its name from The Gas Company to Hawai'i Gas, to reflect its position on changing Hawaii's energy future. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Factors that could cause or contribute to such differences include, but are not limited to: (i) the risk that the proposed merger with MIRA may not be completed in a timely manner or at all; (ii) the failure to receive, on a timely basis or otherwise, the required approval of the proposed merger with MIRA by Cincinnati Bell's shareholders; (iii) the possibility that competing offers or acquisition proposals for Cincinnati Bell will be made; (iv) the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger, including in circumstances which would require Cincinnati Bell to pay a termination fee or other expenses; (vi) the effect of the announcement or pendency of the merger on Cincinnati Bell's ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; (vii) risks related to diverting management's attention from Cincinnati Bell's ongoing business operations; (viii) the risk that shareholder litigation in connection with the merger may result in significant costs of defense, indemnification and liability and (ix) (A) those discussed in Cincinnati Bell's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and, in particular, the risks discussed under the caption "Risk Factors" in Item 1A, and (B) those discussed in other documents Cincinnati Bell filed with the SEC. Macquarie's infrastructure funds are managed by Macquarie Asset Management, which has $427 billion in assets under management spread across Australia, the Americas, Europe, and Asia. Under the terms of the merger agreement providing for the Transaction, a controlled subsidiary of MIP was merged with and into Cincinnati Bell, with Cincinnati Bell surviving the merger as a controlled subsidiary of MIP. Investors and shareholders are able to obtain the documents (once available) free of charge at the SEC's website atwww.sec.gov, or free of charge from Cincinnati Bell at investor.cincinnatibell.com or by directing a request to Cincinnati Bell's Investor Relations Department at 1-800-345-6301 or investorrelations@cinbell.com. Pursuant to the agreement, each issued and outstanding share of Cincinnati Bell common stock will be converted into the right to receive $15.50 in cash at closing of the Transaction. Tunnel Hill Partners, the parent company of various operating subsidiaries, has as its investor a fund managed by a member of Macquarie Infrastructure and Real Assets (MIRA). Open Date. Monday, April 29, 2019. MIC is managed by Macquarie Infrastructure Management (USA) Inc. (MIMUSA), which is also one of MIC's largest shareholders. Please visit www.aresmgmt.comfor additional information. Macquarie Bank Limited maintains Representative Offices in the states of Illinois, New York and Texas, but is not authorized to conduct business in the US. The consummation of the transaction is subject to customary closing conditions, as well as the ability to source nonrecourse secured debt financing for the transaction. MAM has over 1,900 staff operating across 20 markets in Australia, the Americas, Europe, and Asia. Email regional contact, Asia Written by By providing your email address below, you are providing consent to Cincinnati Bell Inc to send you the requested Investor Email Alert updates. MIMUSA is a member of Sydney-based Macquarie Group Limited. Lazard and Evercore acted as financial advisors and White & Case acted as legal counsel to MIC in connection with the merger of the Company with Argo. In addition, any statements that refer to projections of future financial performance, anticipated growth and trends in businesses, and other characterizations of future events or circumstances are forward-looking statements. MIC expressly disclaims the adoption or endorsement of any content on any such website. Large infrastructure investment firm Macquarie Asset Management announced Friday it has made an investment in Pavlov Media, a fiber provider to off-campus student housing units. All securities and financial products or instrument transactions involve risks. Information about Cincinnati Bell's directors and executive officers is set forth in Cincinnati Bell's Proxy Statement on Schedule 14A for its 2019 Annual Meeting of Shareholders, which was filed with the SEC on March 19, 2019, and its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on February 24, 2020. Email: Josh.Pichler@cinbell.com, Investors Cincinnati Bell: Shareholders of Cincinnati Bell are urged to read all relevant documents filed with the SEC, including Cincinnati Bell's proxy statement when it becomes available, because they will contain important information about the proposed merger and the parties to the proposed merger. Visit the Career Advice Hub to see tips on interviewing and resume writing. In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements. Cincinnati Bell Inc. It is based on information generally available to the public and does not contain any material, nonpublic information. The Transaction price of $15.50 per share of Cincinnati Bell common stock represents a 101% premium to the closing per share price of $7.72 on December 20, 2019, the last trading day prior to the date when Cincinnati Bell's original merger agreement with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) ("Brookfield") was executed, a 172% premium to the 60-day volume weighted average price up to and including December 20, 2019 and a 7% premium to Brookfield's prior binding agreement to acquire the Company. MIP is a fund managed by Macquarie Infrastructure and Real Assets ("MIRA"). The Transaction, which was originally announced on March 13, 2020, was approved by Cincinnati Bells shareholders on May 7, 2020. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. We offer our investors a track record of unbroken profitability. [5], On January 28, 2010, Macquarie Infrastructure Corporation announced that its airport parking business, Parking Corporation of America Airports (PCAA), had entered into an asset purchase agreement with Bainbridge ZKS - Corinthian Holdings, LLC. ", Leigh Fox, President and Chief Executive Officer of Cincinnati Bell, continued, "This transaction with MIP represents an exciting opportunity to enhance our financial position and expand our resources to better serve our customers. 2019 - Macquarie acquires 100% of Ceres from NYK, making Ceres part of one of the Worlds largest port infrastructure groups. These symbols will be available throughout the site during your session. Chibuike Oguh for The information on Cincinnati Bell's website is not incorporated by reference in this press release. Words such as "expects," "anticipates," "predicts," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "endeavors," "strives," "will," "may," "proposes," "potential," "could," "should," "outlook," or variations of such words and similar expressions are intended to identify such forward-looking statements. Macquarie Commodities Trading (Shanghai) Co., Ltd. Macquarie Capital (Singapore) Pte. By linking to sites operated by third parties, MIC or Macquarie is not authorizing the reproduction of any material on such sites, as such material may be the subject of intellectual property rights. It invests USD 100 million to USD 600 . 0000-00-00. Email: Joshua.Duckworth@cinbell.com, 1-800-345-6301 Macquarie Capital's Infrastructure Investment and Development team focuses on asset creation and stabilization opportunities within the digital infrastructure ecosystem, including towers, data centers, fiber, small cells and other related digital . On January 1, 2007, Macquarie Infrastructure Company Trust was succeeded by Macquarie Infrastructure Company LLC. [7][8], International-Matex Tank Terminals (IMTT), founded in 1939 and based in New Orleans, Louisiana, is the owner of the largest bulk storage terminal businesses in the United States. T: +44 20 3037 4014 Fund Family. Follow the links to find the logins youre looking for: New York, Level 3 & 21 Pedregal 24, Lomas - Virreyes. MIC or Macquarie has no control over the information on these sites or the products or services on them, and therefore makes no representations regarding the accuracy or suitability of the information, services, or products described on them. Participate in and prepare for QBRs with internal and external distributor teams to review results and identify gaps and areas of improvement. Outside USA, US territories & Canada: (781) 575-2765. Morgan Stanley & Co. LLC and Moelis & Company LLC are acting as financial advisors to Cincinnati Bell and Cravath, Swaine & Moore LLP, Morgan, Lewis & Bockius LLP, and BosseLaw PLLC are acting as legal advisors to Cincinnati Bell. Australia and NewZealand We are excited to enter into this partnership with MPT, said Karl Kuchel, Chief Executive Officer of Macquarie Infrastructure Partners. About Macquarie. For unit price, resources and distributions, Macquarie Infrastructure Holdings, LLC (formerly Macquarie Infrastructure Corporation). Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. Announces Completion of Acquisition by Macquarie Infrastructure Partners V, Redemption of 6 3/4% Cumulative Convertible Preferred Shares, https://www.businesswire.com/news/home/20210907005547/en/. The pursuit of strategic alternatives has generated proceeds of $52.50 or a 36% premium to the MIC equity price prior to our announcement of the pursuit of strategic alternatives. It is the sole franchised gas utility provider in the state of Hawaii. This partnership also strongly validates the financial and operational strength of Steward, which has significantly improved the performance of these assets over the last five years and has continued to deliver first class patient care to the Boston area throughout the pandemic while growing its overall national footprint., Steward Health Care commented, Steward is pleased to see continued value creation around these hospitals. Type a symbol or company name. MKIF 2023 AGM: Overview of MKIF. Macquarie Infrastructure Partners III is an infrastructure opportunistic fund managed by Macquarie Asset Management. The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MPT is one of the largest non-government owners of hospitals globally and focuses on acquiring and managing net-leased healthcare facilities in the US and selective foreign jurisdictions. Learn more about MKIF. MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). If you experience any issues with this process, please contact us for further assistance. This press release does not constitute an advertisement or an offer to sell any security or the solicitation of any offer to buy an interest in MIP V or any existing or future fund or investment vehicle managed or advised by MAM and/or its affiliates or any other security. With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE: CBB) delivers integrated communications solutions to residential and business customers over its fiber-optic and copper networks including high-speed internet, video, voice and data. Cincinnati Bell undertakes no, and expressly disclaims any, obligation to revise or update any forward-looking statements for any reason, except as required by applicable law. +1 (866) 867 6422. It is proprietary and all rights are reserved. We are a key supplier to the world . MIP exhibits deep telecommunications expertise and a strong track record of investing in capital intensive businesses, which will be critical as we deliver on our strategy to drive next generation, integrated communications through an expanded fiber network as well as our IT services platform. The company had earlier filed for Chapter 11 Bankruptcy. Sign in to save Product Technical Marketing for Broad Market at Renesas Electronics. This information is a general description of Macquarie Infrastructure Holdings, LLC (NYSE: MIC). Email regional contact, Americas Sign in to create your job alert for Software Engineering Manager jobs in Helsinki, Uusimaa, Finland. You can unsubscribe from these emails at any time. The sale to Macquarie . Infrastructure funds targeting North American investments raised $53 billion last year. We create positive social impact by empowering people to innovate and invest for a better future. These links have been provided solely for you to obtain further information about other relevant products and entities in the market. This is useful in estimating the financial strength and credit risk of the company. As part of the transaction, MPT will retain the remaining 50 per cent interest in the portfolio. Tunnel Hill Partners, the self-described "largest integrated waste-by-rail company" in the country, has been acquired by a Macquarie Infrastructure Partners (MIP) fund through a leveraged buyout. Determine whether Macquarie Infrastructure Partners V grew or shrank during the last recession. Flexibly adjust marketing cycles and establish quick campaigns depending on market needs. Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice. Macquaries purchase of these assets is a vote of confidence in Stewards operational experience and its track record of delivering value for its stakeholders, employees, patients, communities, and partners over the long term.. Macquarie has recently filed a court injunction, requesting it to suspend trading of the fund listed on the stock market by investors who borrowed the stocks from their lender. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The Company offers financing, asset management, research, trading, and other financial services. MPTs financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. 2018 - Texas Stevedoring was formed and begins operations in Houston, Texas. Dewberry Engineers and Stantec Consulting Services are the group's designers. Copy and paste multiple symbols separated by spaces. Macquarie is a global financial services group operating in 31 markets in asset management, retail and business banking, wealth management, leasing and asset financing, market . We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Commencing September 23, 2021, units of Macquarie Infrastructure Holdings, LLC will trade on the New York Stock Exchange under the same symbol (NYSE: MIC) and with the same CUSIP number (55608B105 . By clicking Agree & Join, you agree to the LinkedIn, You can save your resume and apply to jobs in minutes on LinkedIn. The conglomerate can be reached via phone at (212) 231-1000, via email at mic@macquarie.com, or via fax at 212-231-1828. September 07, 2021- CINCINNATI-(BUSINESS WIRE)-Cincinnati Bell Inc. today announced the completion of its acquisition by Macquarie Infrastructure Partners V ("MIP"), an Americas-focused . Work with System Solutions & Product Line Marketing teams to initiate the development of new Products and Solutions and to develop Broad Market Marcom strategies. Close Date. Further information can be found on this website or by contacting us. Inclusion of a link to a third party site should not be construed as that party's endorsement of this site. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions. Orient Overseas (International) Limited announced the sale for $1.78 billion of Long Beach Container Terminal to a consortium led by Macquarie Infrastructure Partners. (Reporting by Chibuike Oguh in New York; Editing by Edwina Gibbs), ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net)). 01 September 2021. Sign in to create your job alert for Product Specialist jobs in Helsinki, Uusimaa, Finland. More news. MIC or Macquarie has no control over the information on these sites or the products or services on them, and therefore makes no representations regarding the accuracy or suitability of the information, services, or products described on them. You can sign up for additional alert options at any time. In connection with the termination, Cincinnati Bell has paid Brookfield a $24.8 million break-up fee. None of the entities referred to in this press release is an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia).
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