Reuters->. Vice President of Treasury, Corporate Finance and Investor Relations 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. Email regional contact, Europe, Middle East and Africa Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Karl Smith - Managing Director - Macquarie Group | LinkedIn Follow the links to find the logins youre looking for: This information is a general description of the Macquarie Group only. Cincinnati Bell Inc. To Be Acquired By Macquarie Infrastructure 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. Some recent deals include the $2.9 billion acquisition of telecoms firm Cincinnati Bell Inc CBB.N and the acquisition of Utah-based renewable energy company Cyrq Energy Inc for an undisclosed amount. Unitholders of the Company will receive merger consideration of $4.11 per unit in cash as . Macquarie Infrastructure Partners Inc. Macquarie Capital (USA) Inc. Macquarie Americas Corp. +1 212 231 1000: 420 South Orange Avenue, Suite 190, Orlando, Florida, 32801 USA Get directions 100 S Independence Mall W, Philadelphia, PA 19106, USA Get directions 4747 Executive Drive, Suite 1350, San Diego, CA 92121, USA Get directions: Delaware . All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. Macquarie Invests in Prime Data Centers, Sees Major Growth Ahead The transaction values the portfolio at approximately $US1.78 billion. View K-1 via PDF. Cautionary Statement Regarding Forward-Looking Statements. MIC completed sales of its International-Matex Tank Terminals business in 2020 and its Atlantic Aviation business in 2021. Further information can be found on this website or by contacting us. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions. View source version on businesswire.com: This underscores the robust and disciplined process that we executed to ensure immediate and maximum value creation for our shareholders. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC. Macquarie consortium buying Long Beach terminal - FreightWaves MIC's actual results, performance, prospects or opportunities could differ materially from those expressed in or implied by the forward-looking statements. Email regional contact, Asia Work with System Solutions & Product Line Marketing teams to initiate the development of new Products and Solutions and to develop Broad Market Marcom strategies. It is the sole franchised gas utility provider in the state of Hawaii. Macquarie Infrastructure Partners Iii is a large advisory firm with 38 clients and discretionary assets under management (AUM) of $21,451,781,327 (Form ADV from 2023-01-19). Macquarie Korea Infrastructure Fund For more information, please visit www.cincinnatibell.com. No results message:Displayed when filters returns no results. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity. mic@macquarie.com, Lee Lubarsky Another major geothermal acquisition by Macquarie in U.S. - Think GeoEnergy 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. MAM, through its affiliates, has been managing assets for institutional and retail investors since 1980 in Australia and in the United States, retail investors recognize the Delaware Funds by Macquarie family of funds as one of the longest-standing mutual fund families, with more than 80 years in existence. Open Date. Helsinki, Uusimaa, Finland, Join to apply for the Software Engineering Manager - Container and Virtualisation Infrastructure role at Canonical. Prior performance is not a reliable indicator of future results. As a result of the redemption, holders of Depositary Shares as of September 15, 2021 will receive a prorated quarterly cash dividend on the Depositary Shares for the third quarter of 2021 on October 1, 2021. Macquarie Infrastructure Partners - info.hawaiiantel.com Orient Overseas (International) Limited announced the sale for $1.78 billion of Long Beach Container Terminal to a consortium led by Macquarie Infrastructure Partners. With a portfolio that spans more than 170 portfolio companies, more than 85 GW of renewable energy assets in development and 4.7 million hectares of farmland in Australia and Brazil, our global team partners with clients, governments, and communities to manage . Dewberry Engineers and Stantec Consulting Services are the group's designers. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Macquarie Infrastructure Partners IV Profile: Returns & Limited Importantly, the new transaction price of $15.50 per share represents a 7% increase from our previous merger agreement with Brookfield at $14.50 per share and a 101% premium to Cincinnati Bell's closing per share price of $7.72 on December 20, 2019, the last trading day prior to the date when the original merger agreement with Brookfield was entered into. Hawaiian Telcom parent company still on track to be sold Actual results may differ materially and adversely from those expressed in any forward-looking statements. T: +852 3922 4772 You must click the activation link in order to complete your subscription. 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. 2019 - Macquarie acquires 100% of Ceres from NYK, making Ceres part of one of the Worlds largest port infrastructure groups. MAM has over 1,900 staff operating across 20 markets in Australia, the Americas, Europe, and Asia. lee.lubarsky@macquarie.com. Click the link in the email we sent to to verify your email address and activate your job alert. Cincinnati Bell finalizes $2.9B acquisition by Macquarie Infrastructure Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day. Macquarie Services (Mexico), S.A. de C.V. 13520 Evening Creek Drive North, Suite 350. 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. T: +61 2 8232 2336 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 . Macquarie backs LRS, ramping it up for even more Midwest expansion Fund Family. As part of the transaction, MPT will retain the remaining 50 per cent interest in the portfolio. investorrelations@altafiber.com. The eight hospitals that we are investing in are essential to their local communities and Steward, as operator, has clearly demonstrated the ability to transform the performance of these acute care hospitals over the last five years, so that they are now world class, well-operated healthcare infrastructure facilities. Level 14, DLF Building 9B, DLF Phase III, Tower C Floors 3 and 4, Tower C, Phase III, Macquarie Infrastructure and Real Assets (Hong Kong) Limited, PT Macquarie Commodities Indonesia (previously Macquarie Commodities (Singapore) Private Limited - Indonesia Representative Office). [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. Cincinnati Bell provides service in areas of Ohio, Kentucky, Indiana and Hawaii. Learn more about MKIF. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Past performance of any product described on this site is not a reliable indication of future performance. These links have been provided solely for you to obtain further information about other relevant products and entities in the market. The sale to Macquarie . Your job seeking activity is only visible to you. +1 (201) 680 6578 (Outside US) Visit Computershare. Cincinnati Bell, along with Macquarie Infrastructure Partners, initially announced their agreement in March 2020, a handful of months after Cincinnati Bell had received an initial offer, a $2.6 . Each of Cincinnati Bells issued and outstanding common shares (other than certain excluded shares) was converted into the right to receive $15.50 per share in cash, without interest. The group, known as Accelerate Maryland Partners LLC, includes Tysons Corner, Va.-based Transurban USA and Macquarie Infrastructure Developments, a New York firm, as lead equity developers and lead contractors. MIP is an investment fund managed by Macquarie Infrastructure and Real Assets (MIRA). Chibuike Oguh for Terms were based on LRS having an estimated $290 . Prepare business potential analysis, identify gaps, and create plans to support the achievement of growth targets. 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. Our robust product portfolio includes world leading MCUs, SoCs, analog and power products, plus Winning Combination solutions that curate these complementary products. Macquarie Commodities Trading (Shanghai) Co., Ltd. Macquarie Capital (Singapore) Pte. About Macquarie Infrastructure Partners V. MIP is a fund managed by Macquarie Asset Management ("MAM"). These links have been provided solely for you to obtain further information about other relevant products and entities in the market. Email regional contact, Americas Macquarie has been investing in North American infrastructure since 2004 and has raised about $21 billion since then. The forward-looking events discussed may not occur. Unitholders of the Company will receive merger consideration of $4.11 per unit in cash as a result of the transaction. The Australian firm is set to formally begin fundraising for the vehicle, known as Macquarie Infrastructure Partners VI, in coming months, said the people, who asked not to be identified . When expanded it provides a list of search options that will switch the search inputs to match the current selection. These symbols will be available throughout the site during your session. Macquarie acquiring large stakes in GreenWaste and Zanker in its first 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 Service unavailable:Displayed when filter service cannot be reached. The fund is targeting investments in core and core-plus assets in subsectors including utilities . chibuike.oguh.thomsonreuters.com@reuters.net, Do Not Sell My Personal Information (CA Residents Only). MIC expressly disclaims the adoption or endorsement of any content on any such website. Our diverse team of experts share their latest thinking. Cincinnati Bell Inc. (NYSE: CBB) (Cincinnati Bell or the Company), today announced the completion of its acquisition by Macquarie Infrastructure Partners V (MIP), in an all-cash transaction valued at approximately $2.9 billion, including debt (the Transaction). At Cincinnati Bell Inc, we promise to treat your data with respect and will not share your information with any third party. Our funds - Macquarie Infrastructure and Real Assets "Macquarie Infrastructure Corporation (MIC)", "The holey dollar: a symbol of innovation", "Macquarie Infrastructure Company Reports 2004 Results", "Macquarie Infrastructure Company Completes Sale of Airport Management Contracts", "Macquarie Infrastructure Company's Airport Parking Business", "Company Overview of International-Matex Tank Terminals, Inc", "Macquarie to Buy Rest of International-Matex for $1 Billion", https://en.wikipedia.org/w/index.php?title=Macquarie_Infrastructure_Corporation&oldid=1147948300, Atlantic Aviation, IMTT, MIC Hawaii, CP&E, This page was last edited on 3 April 2023, at 05:39. CINCINNATI, March 13, 2020 /PRNewswire/ --Cincinnati Bell Inc. (NYSE:CBB) ("Cincinnati Bell" or "the Company"), together with Macquarie Infrastructure Partners ("MIP"), today announced an agreement through which a MIP-controlled subsidiary will acquire all outstanding shares of Cincinnati Bell for $15.50 per share in a cash transaction valued at approximately $2.9 billion, including debt (the "Transaction"). 01 September 2021. 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 . Macquarie Infrastructure Partners (MIP) V will seek to invest in companies in the waste management, utilities, energy, transportation and communication sectors, primarily in the United States. Who we are - Macquarie Infrastructure and Real Assets We firmly believe this transaction will allow us to enhance our services and drive long-term value for our customers in Hawaii, Ohio, Kentucky, and Indiana, and across North America. Cincinnati Bell and its directors, executive officers and other members of management and employees, under SEC rules, may be deemed to be "participants" in the solicitation of proxies from shareholders of Cincinnati Bell in favor of the proposed merger with MIRA. Macquarie seeks to raise $10b for Americas infrastructure fund 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.. Governor Phillip Tower has 37 levels and Governor Macquarie Tower 25 levels, offering more than 80,000 square metres of premium office space between them. Past performance of any product described on this site is not a reliable indication of future performance. Email: Joshua.Duckworth@cinbell.com, 1-800-345-6301 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. We are excited to enter into this partnership with MPT, said Karl Kuchel, Chief Executive Officer of Macquarie Infrastructure Partners. In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements. Level 32, South Tower, 80 Collins Street, Macquarie Bank Limited Representative Office. Our mission is to build a next-generation private cloud infrastructure, combining KVM, Ceph, and SDN technologies to create a data center scale cloud that 'just works' and provides a mission-critical cloud for edge and core enterprise deployments. A previous Sept. 2018 report from Moody's Investors Service indicates . PORTSMOUTH, N.H., Feb. 12, 2019 /PRNewswire/ -- Macquarie Infrastructure Partners ("MIP") and Wheelabrator Technologies Inc. ("Wheelabrator") announced today that MIP, acting through one of its . 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Jean Carroll Testifies TrumpCritic Conway Encouraged Her Lawsuit, Trump Is Denied Mistrial Over Unfair Rulings in E. Jean Carroll Case, Bara DitchingPrivate Jet for Train Points toGreener Football, What to Know About Red-Flag Warnings, an Ominous WildfireForecast, Germany Sets the New Standard for Cheap, National Mass Transit, Chinas Now Spurning Ugliest Buildings That Symbolized Its Meteoric Rise, Broke Chinese Gen Zs Turn Factory Town into Top Tourist Spot, Nigerias SEC Plans to Allow Asset-Backed Tokens But Not Crypto, Bitcoin Sags After its Longest Streak of Monthly Gains Since 2021, Bitcoin on Course for Longest Streak of Monthly Gains Since 2021. The Uniti Macquarie deal involves the sale of Uniti's Midwest business operations to Macquarie, which will also purchase Bluebird Network and will sell Bluebird's fiber and copper infrastructure . Jay Davis This story has been updated to include information from an Oct. 14 Moody's rating. Macquarie Investment Management Europe S.A. Macquarie Capital France SA, Niederlassung Deutschland, Macquarie Advisory and Capital Markets South Africa (Pty) Ltd. Macquarie Infrastructure and Real Assets S.A. Macquarie Capital France SA, Sucursal en Espaa, Macquarie Asset Management Europe S.a r.l., Italy Branch. MIC expressly disclaims the adoption or endorsement of any content on any such website. Cincinnati Bell also announced that, in connection with the completion of the Transaction, it will redeem all of its issued and outstanding 6 3/4% Cumulative Convertible Preferred Shares, without par value (the 6 3/4% Preferred Shares), and the corresponding depositary shares, each representing a one-twentieth interest in a 6 3/4% Preferred Share (the Depositary Shares) (NYSE: CBB.PRB).