Day: December 1, 2021

Exco Technologies Announces Results for Fourth Quarter and Year Ended September 30, 2021

Written by Customer Service on December 1, 2021. Posted in Earnings Releases And Operating Results.

Sales of $106.4 million for the quarter and $461.2 million for the year EPS of $0.18 for the quarter and $0.98 for the year EBITDA of $15.3 million and EBITDA margin 14.4% in the quarter Free Cash Flow of $37.3 million or $0.95 per share in Fiscal 2021 Balance sheet in a $18.6 million net cash positionTORONTO, Dec. 01, 2021 (GLOBE NEWSWIRE) — Exco Technologies Limited (TSX-XTC, OTCQX-EXCOF) today announced results for its fourth quarter and year ended September 30, 2021. In addition, the Company announced the quarterly dividend of $0.10 per common share which will be paid on December 31, 2021 to shareholders of record on December 17, 2021. The dividend is an “eligible dividend” in accordance with the Income Tax Act of Canada. Three Monthsended September 30 Twelve Monthsended September 30 (in $ millions except per share...

Patria Investments Completes Combination with Moneda Asset Management

Written by Customer Service on December 1, 2021. Posted in Mergers And Acquisitions.

Transaction enhances the product offering, expands geographic reach, diversifies currency exposures, and improves distribution, benefiting clients and fueling growth GRAND CAYMAN, Cayman Islands, Dec. 01, 2021 (GLOBE NEWSWIRE) — Patria Investments (“Patria”) (NASDAQ: PAX), a global alternative asset manager, announced today that it has completed the previously announced combination with Moneda Asset Management (“Moneda”), a leading asset manager headquartered in Chile. The transaction creates a combined asset manager with nearly $25 billion in assets under management, and solidifies the leading Private Equity, Infrastructure and Credit platforms in Latin America. “With this combination we are joining together two outstanding partnerships as one,” said Alex Saigh, Patria’s CEO. “For more than two decades, Patria and Moneda have...

Just Energy Announces Closing of the Acquisition of its Shares of ecobee Inc.

Written by Customer Service on December 1, 2021. Posted in Mergers And Acquisitions.

TORONTO, Dec. 01, 2021 (GLOBE NEWSWIRE) — Just Energy Group Inc. (“Just Energy” or the “Company”) (TSXV:JE; OTC:JENGQ), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions, carbon offsets and renewable energy options to customers, announced today that Generac Holdings Inc. (“Generac”) has closed its acquisition of ecobee Inc. (“ecobee”), including all of the ecobee shares held by Just Energy. Terms of the acquisition were first announced November 1, 2021. On closing, the Company received approximately CAD $15 million in cash and 80,281 common shares of Generac (NYSE: GNRC). For further information regarding the acquisition of ecobee by Generac, please see Generac’s press release at http://investors.generac.com/news-releases. As previously reported, FTI Consulting...

Descartes Announces Fiscal 2022 Third Quarter Financial Results

Written by Customer Service on December 1, 2021. Posted in Earnings Releases And Operating Results.

Record Revenues and Income from Operations WATERLOO, Ontario, Dec. 01, 2021 (GLOBE NEWSWIRE) — The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2022 third quarter (Q3FY22). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). “Driver shortages, supply constraints, capacity challenges and shipping bottlenecks are just some of the factors impacting today’s global supply chains and the wider economy,” said Edward J. Ryan, Descartes’ CEO. “Running efficient supply chains is complicated, and the right technology is key to delivering on customer promises in a secure and efficient manner. Our Global Logistics Network was specifically designed to help...

Luckin Coffee Announces Closing of Investment Agreement with Centurium Capital

Written by Customer Service on December 1, 2021. Posted in Public Companies.

BEIJING, Dec. 01, 2021 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (in Provisional Liquidation) (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced that it has closed its previously announced investment agreement with an affiliate of Centurium Capital (“Centurium Capital”), as the lead investor. The Company issued and sold a total of 295,384,615 senior convertible preferred shares to Centurium Capital through a private placement, with aggregate gross proceeds of approximately US$240 million. The investment by Centurium Capital enables Luckin Coffee to focus on the continued expansion of its core coffee business, execution of its business plan and achievement of its long-term growth targets. Luckin Coffee intends to use the investment proceeds to facilitate its proposed offshore restructuring, including (i) funding the settlement...

Worthington Industries Acquires Tempel Steel Company

Written by Customer Service on December 1, 2021. Posted in Mergers And Acquisitions.

COLUMBUS, Ohio, Dec. 01, 2021 (GLOBE NEWSWIRE) — Worthington Industries, Inc. [NYSE: WOR] today announced that its Steel Processing segment has completed its acquisition of Tempel Steel Company, a leading global manufacturer of precision motor and transformer laminations for the electrical steel market that includes transformers, machine motors and electric vehicle (EV) motors. The purchase price was approximately $255 million and adds five manufacturing facilities located in Chicago, Canada, China, India and Mexico. “The addition of Tempel makes us a world leader in the rapidly growing electrical steel market that includes transformers, machine motors and electric vehicle motors,” said President and CEO Andy Rose. “Tempel expands our sustainable mobility offerings beyond lightweighting and hydrogen to more widely serve the global...

Clairvest Closes Acquisition of Delaware Park

Written by Customer Service on December 1, 2021. Posted in Mergers And Acquisitions.

TORONTO, Dec. 01, 2021 (GLOBE NEWSWIRE) — Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VI (“CEP VI”, collectively “Clairvest”) completed its previously announced acquisition of the Delaware Park casino and racetrack (“Delaware Park”). Clairvest invested US$71 million for a majority interest in the business and CVG’s portion of the investment is US$19 million. Delaware Park is a racino located in Wilmington, Delaware, serving the Delaware, Maryland, New Jersey, and Pennsylvania markets. The racetrack opened in 1937 and represents the first racino established in the state. The property offers traditional gaming positions (i.e. slot machines, tables games, poker tables), retail sports betting, iGaming, and live thoroughbred racing. “The Clairvest team is excited by the growth...

TransUnion Completes Acquisition of Sontiq

Written by Customer Service on December 1, 2021. Posted in Mergers And Acquisitions.

CHICAGO, Dec. 01, 2021 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) announced today that it has completed the acquisition of Sontiq, a leader in digital identity protection and security, for $638 million. Sontiq provides solutions including identity monitoring, restoration, and response products and services to empower consumers and businesses to proactively protect against identity theft and cyber threats. Sontiq’s focus on identity security complements TransUnion’s digital identity assets and solutions, and the combined company will offer a comprehensive set of omnichannel solutions to make trust possible for consumers and businesses. “We’re pleased to complete this acquisition and look forward to beginning the integration of Sontiq into TransUnion,” said Chris Cartwright, President and CEO of TransUnion. “Bringing the Sontiq family...

SLR Investment Corp. and SLR Senior Investment Corp. Announce Entry into Merger Agreement

Written by Customer Service on December 1, 2021. Posted in Mergers And Acquisitions.

NEW YORK, Dec. 01, 2021 (GLOBE NEWSWIRE) — SLR Investment Corp. (NASDAQ: SLRC) (“SLRC”) and SLR Senior Investment Corp. (NASDAQ: SUNS) (“SUNS”) today announced that they have entered into an agreement to merge together, with SLRC as the surviving company, subject to stockholder approval and customary closing conditions. The Boards of Directors of both SLRC and SUNS, on the recommendation of their special committees consisting only of the independent directors, have unanimously approved the transaction. Under the terms of the proposed merger, SUNS shareholders will receive an amount of SLRC shares with a net asset value (“NAV”) equal to the NAV of SUNS shares that they hold at the time of closing. The exchange ratio will be determined within forty-eight hours prior to the closing such that shares issued by SLRC to SUNS shareholders...

SLR Investment Corp. and SLR Senior Investment Corp. Announce Entry into Merger Agreement

Written by Customer Service on December 1, 2021. Posted in Mergers And Acquisitions.

Day: December 1, 2021

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