The Depositary Shares will be redeemed simultaneously with the redemption of the 6 3/4% Preferred Shares on September 22, 2021, at a redemption price of $50 per Depositary Share (equivalent to $1,000 per 6 3/4% Preferred Share). Jay Davis [6], On May 21, 2015, membership interests in Macquarie Infrastructure Company LLC were exchanged, one for one, for shares of Macquarie Infrastructure Corporation as a result of the conversion of the Company from a Delaware limited liability company to a Delaware corporation. After submitting your request, you will receive an activation email to the requested email address. 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. Terms were based on LRS having an estimated $290 . View source version on businesswire.com: Cincinnati Bell Inc. After submitting your request, you will receive an activation email to the requested email address. Past performance of any product described on this site is not a reliable indication of future performance. Chibuike Oguh for Participate in and prepare for QBRs with internal and external distributor teams to review results and identify gaps and areas of improvement. The company is headquartered in New York City. MPT is a leading global hospital owner, and our 50/50 partnership with MPT, combined with the 20-year triple net master lease with Steward, ensures that there is strong alignment across all parties with respect to the long-term performance of this portfolio., We are very pleased to have found in Macquarie Asset Management a partner that recognizes the pivotal role hospitals play in US infrastructure, said Edward K. Aldag, Jr., MPTs Chairman, President, and CEO. Because Macquarie does not own other railroads, the deal does not need to be approved by the STB. 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. Other members of the Macquarie Group are subject to regulation in the regions in which they operate. Additional risks of which we are not currently aware could also cause MIC's actual results to differ. Macquarie Infrastructure and Real Assets - Investment Team Private Equity Summer Analyst . Macquarie Infrastructure Corporation (MIC) owns, operates and invests in a diversified group of infrastructure businesses. Prepare business potential analysis, identify gaps, and create plans to support the achievement of growth targets. In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements. We offer our investors a track record of unbroken profitability. It contains forward-looking statements. By clicking Agree & Join, you agree to the LinkedIn, You can save your resume and apply to jobs in minutes on LinkedIn. MAM provides specialist investment solutions to clients across a range of capabilities including infrastructure & renewables, real estate, agriculture, transportation finance, private credit, equities, fixed income, and multi-asset solutions. This underscores the robust and disciplined process that we executed to ensure immediate and maximum value creation for our shareholders. Establish close relationship with Distributors Sales and Marketing organizations, executing Marketing plans leveraging Distributors marketing vehicles, driving regionalization. Company profile page for Macquarie Infrastructure Partners Inc including stock price, company news, press releases, executives, board members, and contact information Macquarie Infrastructure Partners III is an infrastructure opportunistic fund managed by Macquarie Asset Management. MIC's actual results, performance, prospects or opportunities could differ materially from those expressed in or implied by the forward-looking statements. 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 . In addition, any statements that refer to projections of future financial performance, anticipated growth and trends in businesses, and other characterizations of future events or circumstances are forward-looking statements. 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. Corporate Communications industrial, infrastructure and IoT markets. It has been prepared solely for informational purposes; it is not a solicitation of any offer to buy or sell any security or instrument. Certain Special Opportunities funds ("Ares Funds") managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES) ("Ares Management") have agreed to provide equity financing for the Transaction. The forward-looking events discussed may not occur. MIP IV is MIRA's fifth North American focused unlisted infrastructure fund and follows the investment strategy of its . The source said the fund manager had invested through its $5 billion Macquarie Infrastructure Partners IV fund, which closed in January, and had taken on $200 million of leverage. Compare how recession-proof Macquarie Infrastructure Partners V is relative to the industry overall. This press release does not constitute an advertisement or an offer to sell any security or the solicitation of any offer to buy an interest in MIP or any existing or future fund or investment vehicle managed or advised by MAM and/or its affiliates or any other security. The fund is located in new York, New York and invests in the United States, Canada, and North America. MAM has over 1,900 staff operating across 20 markets in Australia, the Americas, Europe, and Asia. Cautionary Statement Regarding Forward-Looking Statements. It invests USD 100 million to USD 600 . A career at Macquarie means you'll have the opportunity to develop and utilise new skills, explore interesting fields and do challenging work that will impact the lives of people around the worldwhether it's accelerating the green energy transition, helping sustain global food supplies, financing social housing projects or investing in essential infrastructure. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Orient Overseas (International) Limited (OOIL) said it had sold 100 percent of Long Beach Container Terminal (LBCT) for $1.78 billion to a . Join to apply for the Product Technical Marketing for Broad Market role at Renesas Electronics. 12-14 Rond Point des Champs-lyses Marcel-Dassault, Macquarie Bank International Limited, Vienna Branch. Sign in to save Software Engineering Manager - Container and Virtualisation Infrastructure at Canonical. Past performance of any product described on this site is not a reliable indication of future performance. chibuike.oguh.thomsonreuters.com@reuters.net, Do Not Sell My Personal Information (CA Residents Only). Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. +1 (212) 231 1825 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. Contribute and meet Design-in & Revenue growth targets. Morgan Stanley & Co. LLC and Moelis & Company LLC are acting as financial advisors to Cincinnati Bell and Cravath, Swaine & Moore LLP, Morgan, Lewis & Bockius LLP, and BosseLaw PLLC are acting as legal advisors to Cincinnati Bell. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions. You must click the activation link in order to complete your subscription. Macquarie Group Limited and its related corporations are not otherwise currently authorized to accept deposits or conduct banking business in any other jurisdiction. MBL does not guarantee or otherwise provide assurance in . MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC. Macquarie Capital Securities (India) Private Limited. 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. MPT is one of the largest non-government owners of hospitals globally and focuses on acquiring and managing net-leased healthcare facilities in the US and selective foreign jurisdictions. Shareholders of Cincinnati Bell are urged to read all relevant documents filed with the SEC, including Cincinnati Bell's proxy statement when it becomes available, because they will contain important information about the proposed merger and the parties to the proposed merger. Lazard and Evercore acted as financial advisors and White & Case acted as legal counsel to MIC in connection with the merger of the Company with Argo. Bhd. All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. 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"). investorrelations@altafiber.com. When expanded it provides a list of search options that will switch the search inputs to match the current selection. NEW YORK, July 21, 2022--Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the "Company") today announced that it has completed its merger with an affiliate of Argo Infrastructure Partners, LP . (833) 343-2028. Your job seeking activity is only visible to you. Tel: (513) 565-0310 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. With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE: CBB) delivers integrated communications solutions to residential and business customers over its fiber-optic and copper networks including high-speed internet, video, voice and data. The completion of the Transaction follows the receipt of all necessary regulatory approvals and satisfaction of other customary closing conditions. Helsinki, Uusimaa, Finland, Join to apply for the Software Engineering Manager - Container and Virtualisation Infrastructure role at Canonical. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. 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). This communication may be deemed to be solicitation material in respect of the proposed acquisition of Cincinnati Bell by MIRA. By linking to sites operated by third parties, MIC or Macquarie is not authorizing the reproduction of any material on such sites, as such material may be the subject of intellectual property rights. These links have been provided solely for you to obtain further information about other relevant products and entities in the market. Payment for the Depositary Shares will be made by Computershare Trust Company, N.A., as redemption agent. MIC is managed by Macquarie Infrastructure Management (USA) Inc. (MIMUSA), which is also one of MIC's largest shareholders. MONDRIAN INVESTMENT PARTNERS LIMITED Jan 2018 - May 2018 5 months. The Transaction, which is expected to close in the first half of 2021, is subject to certain customary closing conditions, including the approval by Cincinnati Bell's shareholders, expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and receipt of certain other regulatory approvals. Open Date. For more information, please visit www.cincinnatibell.com. 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. The official website for the company is www.macquarie.com. Energy Capital Partners is a private equity and credit investment firm with ~$19 billion in capital commitments. Click the link in the email we sent to to verify your email address and activate your job alert. It is based on information generally available to the public and does not contain any material, nonpublic information. Macquarie Infrastructure's mailing address is 125 WEST 55TH STREET, NEW YORK NY, 10019. This press release does not constitute an advertisement or an offer to sell any security or the solicitation of any offer to buy an interest in MIP V or any existing or future fund or investment vehicle managed or advised by MAM and/or its affiliates or any other security. Any reproduction, in whole or in part, without the prior written consent of MIC is prohibited. 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 In connection with the proposed acquisition, Cincinnati Bell intends to file relevant materials with the United States Securities and Exchange Commission ("SEC"), including Cincinnati Bell's proxy statement in preliminary and definitive form. Macquarie Infrastructure Partners has been an active acquirer in the U.S. data center market, . Information about Cincinnati Bell's directors and executive officers is set forth in Cincinnati Bell's Proxy Statement on Schedule 14A for its 2019 Annual Meeting of Shareholders, which was filed with the SEC on March 19, 2019, and its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on February 24, 2020. T: +61 2 8232 2336 Waste Dive has confirmed the deal through multiple sources and filings. It stores and handles petroleum products, vegetable and tropical oils, renewable fuels, and various chemicals. It is proprietary and all rights are reserved. [2], MIC Hawaii (formerly Hawaii Gas) is a wholly owned subsidiary of Macquarie Infrastructure Corporation, founded in 1904. Cincinnati Bell undertakes no, and expressly disclaims any, obligation to revise or update any forward-looking statements for any reason, except as required by applicable law. To manage your current unitholding, distribution information or update your personal details online at the share registry, please contact Computershare. We are pleased to have successfully completed the final phase of the unlocking of value for equity holders, said Christopher Frost, chief executive officer of MIC. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. "MIP V is meant to be a continuation of the strategy of the previous MIP vintages. No results message:Displayed when filters returns no results. Macquarie's prior funds, the $5 billion Macquarie Infrastructure Partners IV and the $3 billion Macquarie Infrastructure Partners III, have returned 9.4% and 13.1% of their investors' money as of . [9] The company also provides support services, such as design, procurement, and construction management of retrofit and grassroots facilities in petrochemical and chemical storage facilities; inventory management; tank leasing; packaging; and heating, blending, and product services. We believe in a workplace where every person is valued for their uniqueness and where different views and ideas are embraced. MIC expressly disclaims the adoption or endorsement of any content on any such website. 1 For Macquarie Asset Management (MAM) Private Markets, AUM represents the enterprise value of assets under management in the stated currency based on enterprise value in proportion to the MAM Private Markets-managed equity ownership of each investment, calculated as proportionate net debt and equity value at most recent valuation date (30 September 2021 for the majority of assets). The company provides synthetic natural gas, and propane, and is working on providing Liquid Natural Gas (LNG) to 70,000 customers in Hawaii. Create your Watchlist to save your favorite quotes on Nasdaq.com. Outside USA, US territories & Canada: (781) 575-2765. Copy and paste multiple symbols separated by spaces. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity. These symbols will be available throughout the site during your session. Macquarie Infrastructure Holdings, LLC. Pursuant to the agreement, each issued and outstanding share of Cincinnati Bell common stock will be converted into the right to receive $15.50 in cash at closing of the Transaction. Our robust product portfolio includes world leading MCUs, SoCs, analog and power products, plus Winning Combination solutions that curate these complementary products. 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. ", "Given the significant investment that the Company has made into its fiber network, Cincinnati Bell represents a truly differentiated platform compared to other network providers," said Karl Kuchel, Chief Executive Officer of MIP. Macquarie's prior funds, the $5 billion Macquarie Infrastructure Partners IV and the $3 billion Macquarie Infrastructure Partners III, have returned 9.4% and 13.1% of their investors' money as of . Work and align with Distribution Marketing strategy team to measure and improve success of Marcom activities. This site may contain links to other websites operated or owned by entities that are not controlled or owned by Macquarie Group (Macquarie). If you experience any issues with this process, please contact us for further assistance. View K-1 via PDF. . Macquarie's logo is a stylized version of Holey dollar coin. This page is not available in other languages. Fund Category. Macquarie's prior funds, the $5 billion Macquarie Infrastructure Partners IV and the $3 billion Macquarie Infrastructure Partners III, have returned 9.4% and 13.1% of their investors' money as of September last year, according to the State Universities Retirement System of Illinois, an investor in both funds. This button displays the currently selected search type. Fund Manager. Unitholders of the Company will receive merger consideration of $4.11 per unit in cash as a result of the transaction. Macquarie Infrastructure Partners is based in New York and is part of the Sidney, Australia-based Macquarie Groups. 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. MIMUSA is a member of Sydney-based Macquarie Group Limited. Additional Information and Where to Find It. The information on Cincinnati Bell's website is not incorporated by reference in this press release. If you experience any issues with this process, please contact us for further assistance. Romaine Bostick breaks down the day's top stories and trading action leading into the close. 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 Corporation's business consists of the largest network of fixed-base operations in the United States, the largest bulk storage terminal business in the U.S., a gas production and distribution business, and a controlling interest in two district energy businesses. Headquartered and listed in Australia (ASX: MQG), Macquarie employs more than 17,000 staff in 33 markets, is the world's largest infrastructure asset manager and Australia's top ranked mergers and acquisitions adviser, with more than A$737 billion in assets under management. A previous Sept. 2018 report from Moody's Investors Service indicates . Cincinnati Bell said today it has endured some challenges from COVID-19 but its sale to Macquarie Infrastructure Partners is expected to close in the first half of next year. Visit the Career Advice Hub to see tips on interviewing and resume writing. "On behalf of the Ares Special Opportunities funds, we are excited to partner with two world class organizations in Cincinnati Bell and MIRA," said Scott Graves, Partner, Co-Head of Private Equity and Head of Special Opportunities. About Macquarie Infrastructure Partners MIP is an investment fund managed by Macquarie Infrastructure. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Questions regarding the redemption may be directed to the redemption agent at: Computershare Trust Company, N.A. Any reproduction, in whole or in part, without the prior written consent of MIC is prohibited. https://www.businesswire.com/news/home/20210907005547/en/, Media Cincinnati Bell: Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. We offer our investors a track record of unbroken profitability. [2], The company took its name from Macquarie Bank, which took its name from Lachlan Macquarie, who was Governor of New South Wales. For more information, please visit the Companys website atmedicalpropertiestrust.com. The fund is located in New York, New York. MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Make Updates Online. "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. 0000-00-00. Level 36, South Tower, 80 Collins Street. 2019 - Macquarie acquires 100% of Ceres from NYK, making Ceres part of one of the Worlds largest port infrastructure groups. In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements. Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the "Company") today announced that it has completed its merger with an affiliate of Argo Infrastructure Partners, LP and that units of the Company have been delisted from the New York Stock Exchange. As of September 30, 2019, MIRA managed $135.6 billion in assets that are essential to the sustainable development of economies and communities, including; 155 portfolio businesses, ~600 properties and 4.7 million hectares of farmland. We are a key supplier to the world . 2018 - Texas Stevedoring was formed and begins operations in Houston, Texas. The fund is targeting investments in core and core-plus assets in subsectors including utilities . On January 1, 2009, AvPorts was sold to Aviation Facilities Company, Inc. MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC. The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). You can unsubscribe from these emails at any time. MIP is a fund managed by . Flexibly adjust marketing cycles and establish quick campaigns depending on market needs. No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial, credit or lending product or to engage in any investment activity, or an offer of any banking or financial service. 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. MIP is an investment fund managed by Macquarie Infrastructure and Real Assets (MIRA). We are excited to enter into this partnership with MPT, said Karl Kuchel, Chief Executive Officer of Macquarie Infrastructure Partners. 0000-00-00. Macquarie Korea Asset Management Co., Ltd. ("MKAM") is the sole external asset manager of MKIF pursuant to the Management Agreement signed by MKIF and MKAM. The conglomerate can be reached via phone at (212) 231-1000, via email at mic@macquarie.com, or via fax at 212-231-1828. In addition, enterprise customers across the United States and Canada rely on CBTS and OnX, wholly owned subsidiaries, for efficient, scalable office communications systems and end-to-end IT solutions. Senior Manager, Communications and Media MIRA is one of the world's leading alternative asset managers and a highly experienced investor in the communications infrastructure industry. MIC's actual results, performance, prospects or opportunities could differ materially from those expressed in or implied by the forward-looking statements. 2015 - Ceres and YTI operate under one single management group with Macquarie Infrastructure Partners (MIP) taking a partnership stake with NYK. This information is a general description of Macquarie Infrastructure Holdings, LLC (NYSE: MIC). In a release this week, Macquarie Infrastructure and Real Assets (MIRA) announced the financial close of the acquisition . 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 . Macquarie Capital Securities (Malaysia) Sdn. Tel: (513) 397-2292 Macquarie's infrastructure funds are managed by Macquarie Asset Management, which has $427 billion in assets under management spread across Australia, the Americas, Europe, and Asia. Type a symbol or company name. Sullivan & Cromwell LLP is acting as legal advisor to the Ares Funds. We create positive social impact by empowering people to innovate and invest for a better future. mic@macquarie.com, Lee Lubarsky Macquarie Infrastructure Partners IV is a Infrastructure fund managed by Macquarie Asset Management. Call Us. For more than two decades, MIRA has partnered with investors, governments and communities to manage, develop and enhance assets relied on by more than 100 million people each day. Investors and shareholders are able to obtain the documents (once available) free of charge at the SEC's website atwww.sec.gov, or free of charge from Cincinnati Bell at investor.cincinnatibell.com or by directing a request to Cincinnati Bell's Investor Relations Department at 1-800-345-6301 or investorrelations@cinbell.com. 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 . Announces Completion of Acquisition by Macquarie Infrastructure Partners V, Redemption of 6 3/4% Cumulative Convertible Preferred Shares, https://www.businesswire.com/news/home/20210907005547/en/. 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 . investorrelations@altafiber.com. It targets commercial services, infrastructure, industrials and utilities sectors. The Bank Street Group LLC is acting as the financial advisor to MIP, Goldman Sachs & Co LLC is leading the financing arrangements, and White & Case LLP is serving as lead legal advisor. Macquarie Infrastructure Partners V (the fund behind MIP V Waste) closed with $6.9 billion in investments in July and plans to pursue "high-quality infrastructure assets" in multiple sectors, including waste management.
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