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Mudrick Capital Management
Mudrick Capital Management is an investment firm specializing in special situations and event driven investing. The firm was founded by Jason Mudrick, its current Chief Investment Officer, in 2009."Jason Mudrick," '''', August 15, 2016. The firm is located in New York City and, as of June 2022, managed approximately $3.3 billion in assets. Mudrick Capital typically seeks an event, such as a balance sheet restructuring, a spin-off of assets or the modification of a corporate strategy, that can allow it to capture an undervaluation spread. History In 2016, Mudrick Capital’s Distressed Opportunity Fund ranked 1st on Bloomberg’s 100 top-performing large hedge funds with a 38.7% retur ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jason Mudrick
Jason Mudrick is an American investment manager that founded and became chief investment officer of Mudrick Capital Management, an investment firm focused on special situations such as distressed securities and deep value event driven investing. Mudrick gained attention when his firm made $200 million in 2021, with the bulk of gains coming from debt and equity options for AMC Entertainment Holdings, Inc. and out-of-the-money options for GameStop. As of June 2022, Mudrick Capital managed $3.3 billion in assets. Early life After graduating from Harvard Law School in 2000, Jason started his career as an investment banker in the Mergers & Acquisitions Investment Banking Division of Merrill Lynch & Co. Career In 2001, he joined Contrarian Capital Management, where he was a managing director and portfolio manager for seven years. While at Contrarian, Mudrick managed the Contrarian Equity Fund, a fund specializing in distressed debt and post-bankruptcy equities. Mudrick grew that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Globalstar
Globalstar, Inc. is an American satellite communications company that operates a low Earth orbit (LEO) satellite constellation for satellite phone and low-speed data communications. The Globalstar second-generation constellation consists of 24 low Earth orbiting (LEO) satellites. History The Globalstar project was launched in 1991 as a joint venture of Loral Corporation and Qualcomm. On March 24, 1994, the two sponsors announced the formation of Globalstar LP, a limited partnership established in the U.S., with financial participation from eight other companies, including Alcatel, AirTouch, Deutsche Aerospace, Hyundai, and Vodafone. At that time, the company predicted the system would launch in 1998, based on an investment of $1.8 billion. Globalstar received its US spectrum allocation from the FCC in January 1995 and continued to negotiate with other nations for rights to use the same radio frequencies in their countries. The first satellites were launched in February 1998, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special-purpose Acquisition Company
A special purpose acquisition company (SPAC; ), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process and the associated regulations thereof. According to the U.S. Securities and Exchange Commission (SEC), SPACs are created specifically to pool funds to finance a future merger or acquisition opportunity within a set timeframe; these opportunities usually have yet to be identified while raising funds. In the United States, SPACs are registered with the SEC and considered publicly-traded companies; the general public may buy their shares on stock exchanges before any merger or acquisition takes place. For this reason they have at times been referred to as the "poor man's private equity funds". The majority of companies pursuing SPACs do so on the Nasdaq or New York Stock Exchange in the United States, althoug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CVC Capital Partners
CVC Capital Partners is a Luxembourg-based French private equity and investment advisory firm with approximately US$133 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European and Asian private equity, secondaries and credit funds. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 650 employees working across its network of 25 offices throughout EMEA, Asia and the Americas. History Spinout from Citicorp and the 1990s By the early 1990s, Michael Smith, who joined Citicorp in 1982, was leading Citicorp Venture Capital in Europe along with other managing directors Steven Koltes, Hardy McLain, Donald Mackenzie, Iain Parham, and Rolly Van Rappard. In 1993, Smith and the senior investment professionals of Citicorp Venture Capital negotiat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AMC Theatres
AMC Entertainment Holdings, Inc. (d/b/a AMC Theatres, originally an abbreviation for American Multi-Cinema; often referred to simply as AMC and known in some countries as AMC Cinemas or AMC Multi-Cinemas) is an American movie theater chain founded in Kansas City, Missouri and now headquartered in Leawood, Kansas. It is the largest movie theater chain in the world. Founded in 1920, AMC has the largest share of the U.S. theater market ahead of Regal and Cinemark Theatres. After acquiring Odeon Cinemas, UCI Cinemas, and Carmike Cinemas in 2016, it became the largest movie theater chain in the world. It has 2,807 screens in 353 theatres in Europe and 7,755 screens in 593 theatres in the United States. The company is listed on the New York Stock Exchange; from 2012 to 2018, the Chinese conglomerate Wanda Group owned a majority stake in the company. Private equity firm Silver Lake Partners made a $600 million investment in AMC in September 2018, but the voting power of AMC shares ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Deal (magazine)
''The Deal LLC'' is a media company that offers The Deal Pipeline, a transaction information service, and formerly published finance and business magazine The Deal. The company generates original and daily articles, commentary and data that cover the world of finance and business through the lens of deal making, focusing on core areas including Mergers & Acquisitions, private equity, venture capital financings, bankruptcies and other topics of interest to the investment banking, private equity, legal, hedge fund and venture capital industries. As of 2009 ''The Deal'' had more than 120 employees, including 70 full-time journalists based in the New York headquarters with bureaus across the U.S., London. The roots of the media company began when The Daily Deal was launched in September 1999 by American Lawyer Media with strong support from dealmaker Bruce Wasserstein. In March 2000, ALM sold the assets of the Deal to U.S. Equity Partners, a private equity fund sponsored by Wasserste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Orleans CityBusiness
New Orleans CityBusiness is a weekly business newspaper headquartered in Metairie, Louisiana, United States. Launched in 1980, CityBusiness covers the metropolitan New Orleans area, including the north shore of Lake Pontchartrain. New Orleans Publishing Group, owned by BridgeTower Media -- a subsidiary of Gannett, publishes CityBusiness and the Daily Journal of Commerce. NOPG also produces custom publications, special publications and an annual Book of Lists and North Shore Book of Lists. Hurricane Katrina Hurricane Katrina forced CityBusiness out of its offices on the 14th floor of Heritage Plaza Heritage Plaza is a postmodern skyscraper located in the Skyline District of downtown Houston, Texas. Standing at , the tower is the 5th-tallest building in Houston, the 8th-tallest in Texas, and the 60th-tallest in the United States. The ..., 111 Veterans Memorial Blvd., when the Aug. 29, 2005, storm bore down on the city. The newspaper never stopped printing, despite t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institutional Investor (magazine)
''Institutional Investor'' magazine is a periodical published by Euromoney Institutional Investor. It was founded in 1967 by Gilbert E. Kaplan. A separate international edition of the magazine was established in 1976 for readers in Europe and Asia. History Capital Cities Communications purchased the magazine in early 1984. The Walt Disney Company bought Capital Cities in 1996 and sold the magazine to Euromoney one year later. ''Institutional Investor'' has offices in New York City, London and Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt .... In 2018, Institutional Investor became digital only. In March 2021, it was announced that Diane Alfano, the CEO of Institutional Investor, would be stepping down effective June 30, 2021. Alfano has worked at Institutional Investo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York, New York
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous megacities, and over 58 million people live within of the city. New York City is a global cultural, financial, entertainment, and media center with a significant influence on commerce, health care and life sciences, research, technology, education, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Verso Corporation
Verso Corporation, now Billerud Americas Corporation, was a North American producer of coated papers including coated groundwood, coated freesheet, and specialty products. The company restructured in 2016 following Chapter 11 bankruptcy. Verso Corporation operated two paper mills in the U.S. In 2021, the company had approximately 1,700 employees. In March 2022, the Swedish company BillerudKorsnäs completed its acquisition of Verso for $825m. History The company was formed in August 2006 when Apollo Global Management purchased the coated and supercalendered paper business from International Paper. In April 2008, Verso conducted an initial public offering and was listed on the New York Stock Exchange. In January 2015, Verso completed its acquisition of NewPage Holdings. In 2008, Verso received the Environmental and Energy Achievement Award from the American Forest and Paper Association for its work with the Bucksport Environmental Innovation Partnership. In 2010, Verso rec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
