Just months ago, HGGC made final preparations for acquiring RPX, a company which offers patent risk managing services. RPX spent billions in recent years to buy more than 23,000 patents. They were founded in 2008 and just recently decided to announce their plan to sell the company to HGGC for a little more than $10 per share. The total transaction amount is going to total more than $560 billion.
What New Deal Entails
As a result of accepting the tendered shares of the “Offer”, HGGC now has acquired a lot of shares fromRPX’s common stock in order to help close the merger between RPX and Purchaser. The company’s management team is very pleased with the outcome of the patent purchase. The co-founder and CEO of Huntsman Gay Global Capital are looking forward to the future of the company and are excited to grow their client network.
The leaders feel confident that they will be able to leverage their resources and experience to help RPX achieve their next level of growth and effectively strengthen their leadership position within the discovery and patent risk management services sector. They are very pleased to see HGGC’s commitment to their company vision. Along with their financial support, they will be able to invest in new opportunities they couldn’t have before the sale. This will allow RPX to provide new and innovative services for the clients who rely on them.
The merger will make RPX a wholly-owned subsidiary of the parent company and HGGC. They are introducing a more efficient alternative to litigation in the patent market. The company is based out of San Francisco and uses a pioneering approach in business to combine deep patent expertise, principle capital and client contributions to help generate a more enhanced buying power for clients looking to purchase patents. Through acquiring patent rights and full patents, RPX helps to manage and mitigate patent risk for their ever-growing client base.
The company is a leader in private equity around the globe and has more than 60,000 employees. They have more than $4.4 billion in portfolio companies and cumulative capital commitments. Since being founded, they have completed add-on acquisitions, platform investments and performed countless recapitalizations.
InnovaCare Health is a corporation that offers healthcare services through Medicare Advantage Programs and Provider Networks. The corporation has been successful because they use technology to establish effective, affordable, and sustainable healthcare products. Furthermore, the corporation has thrived because of its exceptional leaders, which include Rick Shinto and Penelope Kokkinides. InnovaCare Health designs products that are unique to each clients needs. The primary mission of the corporation is to improve healthcare management and create effective solutions to meet the challengers in the healthcare industry.
The corporation’s two primary programs are MMM Healthcare and PMC Medicare Choice. InnovaCare Health has more than 200,000 individuals who are registered members. Through quality and affordable healthcare plans,InnovaCare Health’s Medicare Advantage planhas received the highest accreditation from the National Committee for Quality Assurance in 2011.
Who is Rick Shinto?
Rick Shinto has more than 20 years of experience in the medical industry. He started his career as an internist and pulmonologist in Southern California. Mr. Shinto was the vice president of MedPartners and was given the task of medical management. After his time with MedPartners, he moved to Orange County where he was a senior medical officer for Cal Optimal Health Plan. He served as the senior officer at NAAM California and was responsible for medical management. In 2008, Mr. Shinto servedon the management staff at Aveta Inc. and was later promoted to CEO. He remained at this position until the company was sold in 2012. Currently, he is the CEO of InnovaCare Inc., and his diligence and capability are a few reasons why he was named Entrepreneur of the Year award in 2012.
Who is Penelope Kokkinides?
Ms. Penelope Kokkinides is the Chief Administrative Officer at InnovaCare, Inc., and she also served as the Chief Operating Officer and Vice President of Clinical Operations at the corporation. Ms. Kokkinides has over 20 years of experience in government programs, which include Medicaid and Medicare, and the managed healthcare field. She specializes in creating clinical programs and overseeing healthcare processes and operations with an emphasis on making organizational infrastructure more efficient. She has a bachelor’s degree in biological sciences from Binghamton University and a master’s degree in social work from New York University. In addition, she also holds a post-master’s program advanced degree in alcohol and substance abuse as well as a master’s degree in public health from Columbia University.
Incoming Mexican President Andres Manuel Lopez Obrador is keen on a young, upstart wildcatter based in Houston — that would be Talos Energy founded in 2012 by CEO Timothy Duncan. Talos is now operating in Mexican waters in cooperation with Pemex and two other international partners.
Talos Energy was among the first foreign operators allowed into Mexican sovereign territory in some 80 years. Mexico nationalized its oil industry in 1938, but a long-standing slump in production and income from oil-based resources has prompted a new approach.
Talos Energy, working with Britain’s Premier Oil and Sierra Oil & Gas, a Latin American entity, dropped a shallow-water well off Mexico’s Tabasco coast in 2017. The well was dubbed the ZAMA-1. It appears to have been a significant find. Estimates are that ZAMA may harbor up to two billion barrels of crude oil equivalent. Talos Energy will enjoy a 30% share in the project. It may deliver as much as 100,000 to 150,000 barrels per day by 2023.
Talos CEO Tim Duncan recently met with a group that included President-Elect Obrador as a deeper and more involved partnership develops between the American company and the Mexican state-owned Pemex. Obrador expressed great enthusiasm in working with Talos — a feeling which is mutual. Duncan says he shares the “urgency” Mexican officials hold over kick-starting that country’s underperforming energy exploration industry.
Pemex plans to drop another well in the block adjacent to ZAMA-1 with solid expectations that more oil will be found. An appraisal plan for the cooperative project between Pemex and Talos was approved by Mexican authorities in September.
Brining the ZAMA and adjacent wells online as quickly as possible carries a certain sense of urgency since industry analysts have widely predicted a looming oil shortage in perhaps five to seven years — largely due to expected sanctions on Iran. Pumping 150,000 barrels a day from ZAMA and other shallow-water Gulf strikes would be timely and welcome.
Talos Energy is aggressively pursuing numerous other sites across Gulf of Mexico waters, boldly going where many other oil exploration firms today are unwilling to go.
Every entrepreneur draws inspiration from someone in the industry, whether it’s in leadership or just a family member. An excellent entrepreneurial role model inspires emerging individuals to pursue successful strategies in business. One such person is Chris Burch.
Chris Burch is a revered entrepreneur. He has invested in several businesses across the world. Fondly known as the founder of a firm called Burch Creative Capital, he has accomplished a lot as a leader, and dedicated business professional. Also, he has invested resources in different emerging companies including Faena + Universe a hotel in Argentina and ED, a lifestyle brand established by Ellen DeGeneres, refer also to (Elitetraveler.com). In an interview with IdeaMensch, Burch admits that starting Burch Creative was an idea from his curiosity when he noticed that different services required some sense of touch to be presentable to consumers. He used this analogy to help various businesses thereby founding Burch Creative.
The Beginning of his Career
Burch’s career dates to 1976 when he was an undergraduate student at the college of Ithaca. He worked closely with his brother Robert where they started a clothing line called Eagle’s Eye worth $2,000. They bought sweaters at $10 each and sold at $15. Chris Burch would later contract a factory that produced a new apparel line called preppy sweaters. He sold these pieces door-to-door. Within a decade, preppy sweaters expanded to different campuses followed by retail stores. Surprisingly, the company started making $140 million in sales annually. Over the years, Burch has grown his empire by investing in other investor’s businesses. He hopes that this gesture will offer them the chance to sell their brands to more clients.
In 2004, Chris Burch worked with the prominent architect Philippe Stark as well as Alena Faena to establish Faena Hotel. The business was worth $100 million. Ten years later, he invested in Faena’s real estate projects called Faena House.
There is no doubt that the hot topic of the hour is skin care. We are now focused on the idea of fresh, healthy, glowing skin as the ultimate beauty accessory. While many people who aren’t completely obsessed with the latest trends in the beauty industry may see this as a recent development, Sunday Riley has been perfecting her skin care formulas since her brand hit the market in 2009.
With a background in cosmetic chemistry and product formulations, Riley knew exactly what the industry had to offer in terms of skincare, and she was just as frustrated with ineffective formulations as everyone else. It was this motivation that lead to the launch of her own brand, based on the idea that formulas that contain only the highest-quality actives would achieve the best results. With the focus placed on development and top-notch formulations, the Sunday Riley brand turned to newer methods to get the word out. By relying on the reach of influencers and word of mouth through social media, Sunday Riley found a loyal audience based on real people with their own skin care success stories.
The price tags for all of Sunday Riley’s popular formulations do reflect the company’s commitment to sourcing the highest quality ingredients for their formulations. A one-ounce bottle of the popular Luna Sleeping Night Oil retails for $105. But brand loyalists swear by the effective results, and the money saving benefits of being able to wear less foundation when they have healthy looking skin. The three-figure price tag can definitely be a stretch for some, but with the brand’s influencer-based marketing infusing all of social media, it’s not hard for consumers to see real life results before they commit to the price.
As the luxury skin care market continues to grow, consumers are inundated with options for actives with clinical sounding names. One almost feels like they need a degree in chemistry to fully understand a regular beauty blog. Sunday Riley is able to take those formulas and make them accessible to people who want great skin without taking the time to become a trained pharmacist.