Month: April 2018

Yahsat Set to Acquire Stake in UAE-Based Satellite Operator Thuraya PR Newswire ABU DHABI, UAE, April 26, 2018 ABU DHABI , UAE, April 26, 2018 /PRNewswire/ — Yahsat signs an agreement to purchase a majority stake in Thuraya to create a global powerhouse in fixed and mobile satellite services The acquisition will further expand Yahsat ‘ s satellite solutions portfolio and provide the platform necessary to explore the potential growth opportunities that Thuraya brings The acquisition further enhances the UAE ‘ s position as a key player in the global space industry Today, Yahsat, a leading satellite operator based in the United Arab Emirates (UAE), has entered into an agreement to acquire a majority stake in the mobile satellite services operator Thuraya, also based in the UAE, subject to final pre-closing conditions being met. (Logo: https://mma.prnewswire.com/media/600865/Thuraya_Telecommunications_Company_Logo.jpg ) The acquisition of the UAE’s first home grown satellite operator, Thuraya, will significantly expand Yahsat’s current satellite solutions portfolio for both commercial and government verticals, as well as its global footprint. […]

KPS Capital Partners To Sell Electrical Components International To Cerberus Capital Management PR Newswire NEW YORK, April 26, 2018 NEW YORK , April 26, 2018 /PRNewswire/ — KPS Capital Partners, LP (“KPS”) announced today that it has signed a definitive agreement, through an affiliate, to sell Electrical Components International, Inc. (“ECI” or the “Company”) to an affiliate of Cerberus Capital Management, L.P. […]

Gates Acquires Rapro to Strengthen its European Fluid Power Business PR Newswire DENVER, April 26, 2018 DENVER , April 26, 2018 /PRNewswire/ — Gates Industrial Corporation plc (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, today announced that it has completed the acquisition of Rapro, a Turkey -based manufacturer of molded and branched hoses and other products used primarily in commercial, heavy-duty and light vehicle replacement applications. Based in Izmir, Turkey , Rapro has developed a strong position across European markets by engineering, manufacturing and selling a comprehensive portfolio of replacement market products. […]

Cerberus Capital Management to Acquire Electrical Components International PR Newswire NEW YORK, April 26, 2018 NEW YORK , April 26, 2018 /PRNewswire/ — Cerberus Capital Management, L.P. (“Cerberus”) today announced that one of its affiliates has entered into an agreement to acquire Electrical Components International, Inc. (“ECI”) from affiliates of KPS Capital Partners, LP. […]

Higginbotham Increases Lubbock Presence with Butler Carson Tate Insurance Merger Union Gives Higginbotham a Second Local Office PR Newswire FORT WORTH, Texas, April 26, 2018 FORT WORTH, Texas , April 26, 2018 /PRNewswire/ — Higginbotham and Butler Carson Tate Insurance announced today the merger of their operations in Lubbock, Texas . This is Higginbotham’s second office in Lubbock , having entered the market in 2015 when it merged with another locally managed independent insurance agency. The two offices and their combined 18 insurance and financial services professionals will work in unison to deliver a single source solution to west Texas businesses and families. […]

Eaton Vance Municipal Closed-End Funds Announce Proposed Mergers PR Newswire BOSTON, April 26, 2018 BOSTON , April 26, 2018 /PRNewswire/ — The Boards of Trustees of the Funds listed below have approved proposals to merge the Funds as follows: Acquired Fund (Trading Symbol) Acquiring Fund (Trading Symbol) Eaton Vance California Municipal Bond Fund II (EIA) Eaton Vance California Municipal Bond Fund (EVM) Eaton Vance Massachusetts Municipal Bond Fund (MAB) Eaton Vance Municipal Bond Fund (EIM) Eaton Vance Michigan Municipal Bond Fund (MIW) Eaton Vance Municipal Bond Fund (EIM) Eaton Vance New York Municipal Bond Fund II (NYH) Eaton Vance New York Municipal Bond Fund (ENX) Eaton Vance Michigan Municipal Income Trust (EMI) Eaton Vance Municipal Income Trust (EVN) Each proposed merger is subject to approval by Acquired Fund shareholders at a Special Meeting of Shareholders scheduled for Friday, August 24 , 2018. Proxy materials containing information about the meeting and the proposed merger will be mailed to each Acquired Fund’s common shareholders of record as of June 15 , 2018. Each Fund is a closed-end management investment company sponsored and managed by Eaton Vance Management. […]

National Bank Holdings Corporation Announces Record First Quarter 2018 Financial Results PR Newswire GREENWOOD VILLAGE, Colo., April 26, 2018 GREENWOOD VILLAGE, Colo. , April 26, 2018 /PRNewswire/ — National Bank Holdings Corporation (NYSE: NBHC) reported: For the quarter For the quarter – Adjusted (1) 1Q18 4Q17 1Q17 1Q18 4Q17 1Q17 Net income (loss) ($000’s) $ 8,464 $ (10,119) $ 8,258 $ 14,510 $ 9,883 $ 8,258 Income (loss) per share – diluted $ 0.27 $ (0.37) $ 0.30 $ 0.47 $ 0.36 $ 0.30 Return on average tangible assets 0.66% (0.78)% 0.81% 1.11% 0.88% 0.81% Return on average tangible common equity 6.95% (7.41)% 7.66% 11.63% 8.41% 7.66% _____________________________ (1) Adjusted for Peoples, Inc. (“Peoples”) one-time acquisition-related costs and 4Q 2017 deferred tax asset re-measurement charge […]

Quarton International’s Debt Advisory Group Advises Huron Capital In The Refinancing Of Its IQ Brands Platform PR Newswire BIRMINGHAM, Mich., April 26, 2018 BIRMINGHAM, Mich. , April 26, 2018 /PRNewswire/ — Quarton International’s Debt Advisory Group is pleased to announce that IQ Brands (“IQ” or the “Company”), a portfolio investment of Huron Capital Partners LLC (“Huron Capital”), has completed a refinancing transaction providing a highly efficient capital structure to support the continued growth of the platform. Quarton International’s Debt Advisory Group acted as the exclusive advisor to Huron Capital and the Company in arranging financing for the transaction. […]