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Golden Gate Capital Partners
Golden Gate Capital is an American private equity firm based in San Francisco. The firm makes investments in a number of select industries, including technology, financial services, retail and industrial, through leveraged buyout transactions, as well as significant minority purchases and growth capital investments. , it had over $15 billion in assets under management. The firm was founded in 2000 by former investment professionals from private equity firm Bain Capital and its affiliate, Bain & Company, led by former Bain Capital partner David Dominik. Golden Gate's investment fund is structured as an evergreen fund with no finite life, meaning Golden Gate does not have to sell all investments within five to 10 years in order to raise another fund and can instead fund-raise as deals are made. As of 2017, the firm had approximately 54 investment professionals. Holdings Following the bursting of the Dot-com bubble, the firm had shown a pattern of investments in technology compani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Golden Gate Capital Logo
Golden means made of, or relating to gold. Golden may also refer to: Places United Kingdom *Golden, in the parish of Probus, Cornwall *Golden Cap, Dorset *Golden Square, Soho, London *Golden Valley, a valley on the River Frome in Gloucestershire * Golden Valley, Herefordshire United States *Golden, Colorado, a town West of Denver, county seat of Jefferson County * Golden, Idaho, an unincorporated community * Golden, Illinois, a village * Golden Township, Michigan * Golden, Mississippi, a village * Golden City, Missouri, a city * Golden, Missouri, an unincorporated community * Golden, Nebraska, ghost town in Burt County *Golden Township, Holt County, Nebraska * Golden, New Mexico, a sparsely populated ghost town * Golden, Oregon, an abandoned mining town *Golden, Texas, an unincorporated community * Golden, Utah, a ghost town * Golden, Marshall County, West Virginia, an unincorporated community Elsewhere * Golden, County Tipperary, Ireland, a village on the River Suir *Golden Va ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Romano's Macaroni Grill
Romano's Macaroni Grill is an American casual dining restaurant chain specializing in Italian-American cuisine. As of April 2024, the company operates 31 locations in Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Nevada, Ohio, Pennsylvania, Tennessee, and Texas, as well as 6 locations in Puerto Rico. History Romano's first restaurant was founded by restaurateur Philip J. Romano (who had also founded the hamburger chain Fuddruckers in 1979; he had sold his shares in that company when he founded Romano's) in Leon Springs, Texas (now a district of San Antonio), on April 19, 1988. The location would later be occupied by Burkle's The Grill at Leon Springs, which closed in May of 2021 after a fire. Brinker International, Inc. bought the franchise rights to the company on November 22, 1989. Brinker announced on August 8, 2007, that it would begin exploring a buyer for the 230 company-owned stores. On December 18, 2008, Brinker announced that a majority stake i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dow Chemical
The Dow Chemical Company is an American multinational corporation headquartered in Midland, Michigan, United States. The company was among the three largest chemical producers in the world in 2021. It is the operating subsidiary of Dow Inc., a publicly traded holding company incorporated under Delaware law. With a presence in around 160 countries, it employs about 36,000 people worldwide. Dow has been called the "chemical companies' chemical company", as its sales are to other industries rather than directly to end-use consumers. Dow is a member of the American Chemistry Council. In 2015, Dow and fellow chemical company DuPont agreed to a corporate reorganization involving the merger of Dow and DuPont followed by a separation into three different entities. The plan commenced in 2017, when Dow and DuPont merged to form DowDuPont, and was finalized in April 2019, when the materials science division was spun off from DowDuPont and took the name of the Dow Chemical Company. Hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NBC News
NBC News is the news division of the American broadcast television network NBC. The division operates under NBCUniversal Media Group, a division of NBCUniversal, which is itself a subsidiary of Comcast. The news division's various operations report to the president of NBC News, Rebecca Blumenstein. The NBCUniversal News Group also comprises MSNBC, the network's 24-hour liberal cable news channel, as well as business and consumer news channels CNBC and CNBC World, the Spanish language and United Kingdom-based Sky News. NBC News aired the first regularly scheduled news program in American broadcast television history on February 21, 1940. The group's broadcasts are produced and aired from 30 Rockefeller Plaza, NBCUl's headquarters in New York City. The division presides over the flagship evening newscast ''NBC Nightly News'', the world's first of its genre morning television program, ''Today (American TV program), Today'', and the longest-running television series in American hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Stripping
Asset stripping refers to selling off a company's assets to improve returns for equity investors, often a financial investor, a "corporate raider", who takes over another company and then auctions off the acquired company's assets. The term is generally used in a pejorative sense as such activity is not considered helpful to the company. The proceeds of the sale of assets may be used to lower the company's net debt. Alternatively, they may be used to pay a dividend to equityholders, leaving the company with lower net worth – i.e. the same level of debt but fewer assets (and weaker earnings) to support that debt. With a lower level of assets, some argue that the business is rendered less financially stable or viable. For example, the sale-and-leaseback of a building would lead to an increased rental bill for the company. Asset stripping is a highly controversial topic within the financial world. The benefits of asset stripping generally go to the corporate raiders, who can sla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Darden Restaurants
Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando, Florida. Darden has more than 1,800 restaurant locations and more than 175,000 employees, making it the world's largest full-service restaurant company. The company began as an extension of Red Lobster, founded by William Darden and initially backed by General Mills. Red Lobster was later sold in July 2014. The firm owns three fine dining restaurant chains: Ruth's Chris Steak House, Eddie V's Prime Seafood, and The Capital Grille; and seven casual dining restaurant chains: Olive Garden Italian Restaurant, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House, and Cheddar's Scratch Kitchen. In July 2024, Darden agreed to acquire Chuy's. History William "Bill" Darden opened his first restaurant, The Green Frog, in Waycross, Georgia, in 1938 at age 19. He later founded the Red Lobster Inns of America and opened the first Red Lobster restaurant in Lakeland, Florida ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Red Lobster (restaurant)
Red Lobster Hospitality, LLC is an American casual dining restaurant chain headquartered in Orlando, Florida. The company has operations across most of the United States (including Puerto Rico), and Canada, as well as in Ecuador, Japan, Mexico, and Thailand. Golden Gate Capital was Red Lobster's parent company after it was acquired from Darden Restaurants on July 28, 2014. Seafood supplier Thai Union acquired a 25 percent stake in the company in 2016 for a reported $575 million and in 2020 purchased the remaining portion from GGC. In May 2024, Red Lobster closed at least 99 of its restaurants and then filed for Chapter 11 bankruptcy protection after securing over $100 million in financing commitments from its lenders. The company has also entered a stalking horse agreement to sell itself and have its lenders manage it. History Formation and growth The first Red Lobster restaurant was opened on January 18, 1968, in Lakeland, Florida, by entrepreneurs Bill Darden and Charley Wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blum Capital
Blum Capital Partners, L.P., also known as Blum Capital, is an American private equity firm founded in 1975 by Richard C. Blum. The firm is headquartered in San Francisco, California. It is focused on leveraged buyout, growth capital and PIPE investments in small cap and middle-market companies. Blum Capital became known for pioneering a hybrid strategy for investing in public companies, combining private equity and strategic block investment. History Prior to founding his eponymous firm, Richard C. Blum worked at Sutro & Co., an investment management and brokerage company. While working at Sutro & Co., he led a partnership that acquired the struggling Ringling Bros. and Barnum & Bailey Circus in 1967, for $8 million. The Circus was then sold to Mattel Inc. for $50 million, in 1971. Blum founded Blum Capital in 1975. As of 2011, Blum Capital managed $2.73 billion in stocks and investments. Significant investments for Blum Capital have come from Fair Isaac, Lenovo, DHL ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wolverine World Wide
Wolverine World Wide, Inc. or Wolverine Worldwide, is a publicly traded American footwear manufacturer based in Rockford, Michigan. The shoemaker is known for its eponymous brand, Wolverine Boots and Shoes, as well as other brands, such as Hush Puppies, Chaco, and Merrell. The company also manufactures licensed footwear for other firms, such as Caterpillar and Harley-Davidson. In 2012, Wolverine World Wide added Saucony, Keds, Stride Rite and Sperry Top-Sider to its list of brands, after acquiring the Performance Lifestyle Group of Collective Brands in a $1.23 billion transaction that also involved the sale of Payless ShoeSource and Collective Licensing International to private equity firms Blum Capital Partners and Golden Gate Capital. History Founding and early years Fredrick Hirth and G. A. Krause founded the company in 1883. Hirth and Krause bought a small leather shop in Grand Rapids, Michigan, starting with a capital investment of $2,900. In 1901, they bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Pizza Kitchen
California Pizza Kitchen, Inc. (CPK) is an American casual dining restaurant chain that specializes in California-style pizza. The restaurant was started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California, United States. California Pizza Kitchen introduced and popularized BBQ Chicken Pizza. Description The chain has over 185 locations in 32 U.S. states and 10 other countries, including 15 California Pizza Kitchen nontraditional, franchise concepts designed for airports, universities, and stadiums. CPK's brand is licensed to a line of hand-tossed style, crispy thin crust, gluten-free crust, and small frozen pizzas for sale in supermarkets. The brand was originally licensed to Kraft in 1999. The license was assigned to Nestlé after it purchased Kraft's pizza lines in 2010. History In 1985, Flax and Rosenfield pooled $200,000 in bank loans and savings along with $350,000 invested from friends to lease space on Beverly Drive in Beverly Hills ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arcapita
Arcapita founded in 1997, is an asset management firm. Headquartered in Manama, Bahrain, Arcapita also operates from its offices in the United States, the United Kingdom, Saudi Arabia, and Singapore. The firm serves a group of investors in the Middle East region including investment firms, family offices, High-net-worth individual, high net-worth individuals, and sovereign wealth funds. Arcapita completed over 100 investments in the United States, Europe, the Middle East, and Asia for a total transaction value exceeding $30 billion. The board of directors contain nine members, mainly from the Gulf Cooperation Council. Members are chairs, previous chairpersons, or current Chief Executive Officers of sovereign wealth funds, regional investment firms or global financial services firms. History Arcapita was founded in 1997. Around that time, Islamic banking started to gain popularity, but the industry lacked Sharia compliant investment opportunities. Arcapita's Sharia compliant mode ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
