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.
Talos Energy Inc. Is a company that uses Seismic Technology to find gas and oil under the ocean floor. Technical advances in exploration make it possible to find new areas to drill off the Gulf of Mexico. Talos Energy is an independent oil and gas production company.
The Head offices have locations in the Greater Houston area as well as the Southern part of the United States. Talos Energy was created in January of the year 2012. Four men came together and founded Talos Energy. The names of the founders are Timothy Duncan, John A. Parker, Stephen E. Heitzman, and John L. Harrison.
Talos Energy’s main purpose is to use Highly Technological Exploration Equipment to find oil deposits under the ocean floor. This is done with Seismic Technologies. Seismic Technology uses air guns to shoot sound waves into the ocean floor. The sound waves bounce off of formations under the ocean floor. A computer then interprets the data gathered to form a map image.
Once the map image is created the technician’s read the maps and look for certain images. Furthermore, the technician’s look for the depth of the images that look the best for drilling for oil. Talos Energy experts then take the information and decide the best possible locations to set up a rig and drill.
70 % is the current rate of offshore drilling in the Gulf of Mexico. However, Talos Energy recently merged with one of the founders’ company Stone Energy. Stone Energy is owned by Timothy Duncan. The two companies became Talos Energy.
After the merger Tim Duncan took a long shot and used the Seismic Technologies to explore the ocean floor off the Gulf of Mexico and found a huge oil deposit. This oil deposit turned out to produce 2 billion barrels of oil overall.
It is estimated that Talos Energy will produce 48,000 barrels of oil from the Gulf of Mexico alone. Furthermore, by using the Seismic Technologies Talos Energy can expand its operation into new areas of drilling. Talos Energy continues to expand and grow daily. Who knows how far the company will go?
Randal Nardone is an ambitious lawyer who ended up making quite a fortune with his entrepreneurial skills. He attended the University of Connecticut and obtained his Bachelor of Arts as well as Science. He became a billionaire with partners Peter Briger, Robert Kauffman, Michael Novogratz and Wesley Edens. He owns an impressive 53 million shares that are worth $16 billion. He has also earned an additional 100 million in cash net payouts since the year 2005.
Randal Nardone is the co-founder of Fortress Investment Group. Randal Nardone has also made it to have a place on the Forbes Billionaire list. The Fortress Investment Group was the very first hedge fund to go public in 2007, and the firm managed around $70.2 billion in assets in 2016.
The financial industry has become very successful as well as advanced and developed. In the 2010s banks, financial institutions, and insurance companies are considered to be the top industries rather than the more traditional types of industries such as oil and the railroad. Fortress Investment Group has made many of its founders extremely wealthy, and Randal Nardone was even ranked 557 on the Forbes 2007 World Billionaires list which is a very coveted position to be in. He is now one of the main leaders in the world in the financial industry and has built up quite the impressive resume.
Nardone was previously a member of the executive committee of the Thacher Proffitt & Wood law firm before joining Fortress Investment Group. He was managing director, and he is also in many executive positions at Eurocastle Investment Limited, Alea Group Holding, and Brookdale Senior Living. For decades he has been where the action is, and he has established a very efficient allocation of capital which has helped to und many developments all over the world.
For a man who started off his firm with just $1 million back in 2009 and now manages more than $150 million, you can say it’s quite impressive. Well, Sahm Adrangi who most people find his unique approach to the bull market as quite remarkable has attracted a large number of individuals and investors who love his exemplary work. Although his achievement may seem effortless, Sahm at one time nearly lost all his investors, but through his hard work and determination, he managed to get back on his feet. And for those who chose to stay with him were rewarded accordingly.
Sahm Adrangi grew up in Vancouver, Canada holds a Degree in Economics from Yale University. Seeking to make a name for himself, he knew it was not going to be comfortable at a market where competition is much stiff and competitive. Under his hedge fund, Kerrisdale Capital Management, Sahm Adrangi acts as the Chief Investment Officer. Kerrisdale conducts research and publishes reports on certain misconceptions of various companies. Mr Adrangi came to the limelight for the first time in 2011. This was after exposing several Chinese companies that he believed were engaging in fraudulent activities. He published reports on China Education Alliance and ChinaCast Education Corp which were later found to be accurate by the Exchange Commission and their operations terminated.
Following Mr Adarangi’s passion for biotechnology, Kerrisdale capital has published his research on various companies and industries about biotechnology. Such companies include Unilife, Zafgen, Bavarian Nordic, Pulse Biosciences and Sage Therapeutics among others. Also, Sahm Adrangi has researched various companies related to mining activities exposing their dishonest way of conducting their business. Companies such as Northern Dynasty Minerals is one of the companies that have fallen victim to this demise. In 2014, Kerrisdale capital exposed Globalstar which is a telecommunication company for its fantastic presentation about Terrestrial Low Power Service.
Sahm Adrangihas worked in several companies before starting his hedge fund. He has worked in Deutsche Bank and also Longacre Management. Sahm’s marvellous works and skills have attracted so many to the extent that he has been called as a speaker in several conferences. Activist Investor Conference, Sohn Conference, and Distressed Debt Investing Conference to list a few.
Most of the opulence that banks enjoy would most likely come from the excellent work of their managing directors or bank managers. It’s the dedication of these hard-working managers that shape the progress of these banks. It’s not just in the money that investors give. It’s not just even in the global economic climate. It is most likely because of the dedication and also strategies of bankers like Anil Chaturvedi that make or break the survival of a bank in the long run.
There are many professional pursuits we can list down here in the career of Anil Chaturvedi, but one of the most important, formative and inspiring is the work that he has done for Hinduja Bank Switzerland as its Managing Director for its Private Banking programs. With Mr. Anil’s involvement, Hinduja Bank has seen a lot of growth in its engagement with clients who need assistance in private banking as well as in tapping opportunities between Europe and Asia. Being theManaging Director of Hinduja Bank also means that Mr. Anil is the man responsible for issues involving mergers, acquisitions and restructurings of distressed assets and credit syndication of their diversified clients. Without the expertise of Mr. Anil in capital raising and international organizations, it may be hard for Hinduja Bank to sustain its remarkable record of providing quality private banking assistance to varied high-ticket clients.
We should probably also not forget that Mr. Anil had once been the Managing Director of International Affairsfor Merrill Lynch. His work had led to an expansion of the bank’s operations in USA, Europe and India. He is invested in major investment solutions for high net-worth clients, and his work for them had seen incredible satisfaction and approval from those who saw real value in the advice he dispenses.
The prestigious position of being theManager of Developmentand Planning for State Bank of India that Mr. Anil held is also a strong indication of his abilities. He was able to assist small-scale businesses in India to tap marketing opportunities in Europe. His implementation strategies for these clients have also resulted to about $500 million in combined asset growth for just 4 years of rendering service.
The company was founded in the year 2006. Its founder and the current CEO is known as David Zalik. Its headquarters are located in Atlanta, Georgia. However, they have another call center situated in Covington, Kentucky. Currently, GreenSky credit is among the leading companies in the US. GreenSky Creditoffers financial technology services. It provides the technical assistance for merchants and banks. The company provides the services of availing loans to all its consumers for other essential activities like solar solutions, healthcare and home improvement purposes. GreenSky does not operate from its capital. Instead, its programs are steered from state-chartered, federally-insured andfederal financial institutions. Over $8 billion has been lent through the GreenSky Credit organization.
The company is managed by David Zalik. David says that so far they have registered positive results. The company has been able to improve the lives of its customers. It has been able to transform small organizations into middle-sized businesses. In 2016, GreenSky hadmanaged to raise $50 million in capital and later established a $ 2billion lend strategy with Fifth Third Bancorp that is located in Cincinnati, Ohio. Other investors associated with the company include DST Global, QED Investors, Wellington Management and Iconic Capital.
In 2016, valuation conducted indicated thatGreenSky Credit was the most valuable privately owned financial technology company. This valuation was done by the street journal. David Zalik cleared rumours saying that there were no plans for a public offering. The company is made up of a team that is dedicated and focused on scaling the organization to higher heights. The staff has contributed to offering solutions to the many customers that visit the company making their lives better. They have been able to process answers promptly seeing that the whole procedure required to make a loan is short and precise. This way, customers can quickly register, get a congratulation text and later head to attend to other issues.
So far the company is working with over 17,000 retailers. However, they are aiming at increasing the number. To date, the company has been able tohandle over $8 billion in credit. The company is not backing down. Instead, it’s now aiming to do $1 trillion.
Wealth Solutions is a registered investment Advisory firm that is in Austin, Texas. Wealth Solutions was founded in 1994 by Richards Blair. The company’s goal is to make a significantly positive difference in the lives of individuals, families and business owners. Wealth Solutions has a three pillar approach to financial planning. Services that are available at Wealth Solutions are: wealth management, financial planning, and retirement planning. Wealth management involves creating a investment portfolio that is based on the clients needs and goals. The financial planning refers to the process of making the right decisions concerning the client’s wealth in order to pursue the client’s goals in life. Retirement planning works with individuals, families and small businesses through the many stages of retirement planning.
The first pillar the company offers is a financial roadmap of the client. This is where the strengths, goals, risk tolerance and opportunities for growth are identified. The second pillar is designed to develop an effective, long-term investment strategy. The third pillar is the clients insurance needs. This pillar helps plan for unexpected life changes by exploring life insurance, long-term core insurance and annuity.
Richard Blair has over 25 years experience in the financial industry. He has a bachelor’s degree in finance from University of Houston. He is the founder of Wealth Solutions. Richard is also a registered investment Advisor at wealth solutions. certified postions he holds are: Certified Annuity Specialist, Ceritified Estate and Trust specialist, Certified fund specialist, certified income specialist, certified tax specialist and retirement income certified professional.
Richard has always been drawn to education. Richard entered into the financial services industry in 1993 after graduating college. His goal is to help provide personalized and professionaladvice to his clients. Richard witnessed first hand that teaching can help a person’s knowledge and confidence grow. He learned this by seeing his mother, grandmother and wife help others as teachers (https://www.intelius.com/Find-Phone-Address/Austin-TX/Richard-Blair.html). Richard provides the following benefits when working with him through Wealth solutions, local assistance, long-term relationships and Certified Annuity Specialist Designation.Richard feels that face to face meetings are more personable and affective in getting to know the client’s needs and goals.