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Investment Management & Fund Operators

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Soho Development Intends to Merge With Its Units

Thursday, 14 Feb 2019 09:03am EST

Feb 14 (Reuters) - Soho Development ::SAID ON WEDNESDAY THAT IT INTENDS TO MERGE WITH ITS WHOLLY-OWNED UNITS FABRYKA PZO, FELLOW, DOBRA FORMA 1, SOHO VERBEL, SOHO FENIKS, SOHO TETRIS AND SOHO DEVELOPMENT HOMES & MORE, MIŃSKA-DEVELOPMENT.

Eurazeo Patrimoine Acquires Euston House Office Building In London

Thursday, 10 Jan 2019 11:38am EST

Jan 10 (Reuters) - EURAZEO SE ::EURAZEO PATRIMOINE ACQUIRES EUSTON HOUSE OFFICE BUILDING IN LONDON.THE EUSTON HOUSE OFFICE BUILDING, WHICH IS A FREEHOLD, WAS ACQUIRED FOR APPROXIMATELY €105 MILLION.BUILDING ACQUIRED WITH A EURAZEO EQUITY INVESTMENT COMMITMENT AFTER FINANCING OF AROUND €40 MILLION.

Recm & Calibre Says Theunis De Bruyn Disposes Of RAC Preference Shares

Thursday, 10 Jan 2019 03:24am EST

Jan 10 (Reuters) - Recm & Calibre Ltd ::THEUNIS DE BRUYN DISPOSED OF RAC PREFERENCE SHARES TO AN ENTITY WHOLLY-OWNED BY TATJ INVESTMENTS.

EAB Group Lowers Its Economic Outlook 2018

Tuesday, 18 Dec 2018 03:30am EST

Dec 18 (Reuters) - EAB Group Oyj ::REG-EAB GROUP PLC: ELITE ALFRED BERG LOWERS ITS ECONOMIC OUTLOOK 2018.EXPECTS OPERATING MARGIN IN FINANCIAL YEAR 2018 SHALL BE AROUND EUR 3.5 MILLION..COMPANY EXPECTS LOWERED ESTIMATE MENTIONED ABOVE WILL NOT AFFECT COMPANY'S PROFIT MAKING CAPABILITIES IN MEDIUM TERM.UNREALIZED OR DELAYED CONSULTATION FEES IN CORPORATE FINANCE ARRANGEMENTS IN CORPORATE SERVICES BUSINESS AREA.DIRECT IMPACT OF MARKET UNCERTAINTY TO SALES AND AUM IN LATTER PART OF AUTUMN.

Och-Ziff Capital Management Announces 1-For-10 Reverse Stock Split For Class A Shares

Thursday, 6 Dec 2018 09:00am EST

Dec 6 (Reuters) - Och-Ziff Capital Management Group LLC ::OZ MANAGEMENT ANNOUNCES STRATEGIC PLAN TO COMPLETE GENERATIONAL TRANSFER AND POSITION THE FIRM FOR LONG-TERM SUCCESS.OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC - DANIEL OCH AND FORMER EXECUTIVE MANAGING DIRECTORS AGREE TO REALLOCATE SIGNIFICANT EQUITY.OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC - ANNOUNCES 1-FOR-10 REVERSE STOCK SPLIT FOR CLASS A SHARES.OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC - ELECTS TO CHANGE TAX CLASSIFICATION FROM PARTNERSHIP TO C-CORPORATION.OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC - CLASS A SHARES WILL BEGIN TRADING ON A REVERSE SPLIT-ADJUSTED BASIS AT OPENING OF TRADING ON JANUARY 4, 2019.OCH-ZIFF CAPITAL - HOLDERS OF CLASS A UNITS IN CO'S OPERATING PARTNERSHIPS TO REALLOCATE 35% OF THEIR UNITS TO CURRENT EXECUTIVE MANAGING DIRECTORS.OCH-ZIFF CAPITAL - HOLDERS OF CLASS A UNITS TO REALLOCATE UNITS IN FORM OF NEW CLASS OF INTERESTS ENTITLING HOLDERS TO FUTURE PROFITS AND GAINS.OCH-ZIFF CAPITAL MANAGEMENT - TAX RECEIVABLE AMENDMENT PROVIDES CO WITH CASH OF BETWEEN $50 MILLION AND $60 MILLION.OCH-ZIFF CAPITAL MANAGEMENT - STRATEGIC PLAN INCLUDES EQUITY REALLOCATION BY CHAIRMAN DANIEL OCH & FORMER EXECUTIVE MANAGING DIRECTORS.OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC - EXPECTS STRATEGIC ACTIONS TO BE COMPLETED ON OR BEFORE JANUARY 15, 2019.OCH-ZIFF CAPITAL MANAGEMENT - AS OF SEPT 30, DANIEL OCH'S BALANCES IN OZ FUNDS WERE ABOUT 3% OF CO'S ASSETS UNDER MANAGEMENT.

Crocs Announces Repurchase & Conversion Of Convertible Preferred Stock Owned By Blackstone

Monday, 3 Dec 2018 07:30am EST

Dec 3 (Reuters) - Crocs Inc ::CROCS, INC. ANNOUNCES REPURCHASE AND CONVERSION OF CONVERTIBLE PREFERRED STOCK OWNED BY BLACKSTONE; TRANSACTION INCREASES PRO-FORMA YTD 2018 EPS APPROXIMATELY $0.18 OR 30%.SEES FY 2018 REVENUE UP 4 TO 5 PERCENT.SEES Q4 2018 REVENUE $195 MILLION TO $205 MILLION.PARTIES ENTER INTO LOCK-UP AGREEMENT.Q4 AND FULL YEAR 2018 GUIDANCE REAFFIRMED.WILL REPURCHASE HALF OF OUTSTANDING PREFERRED SHARES, REPRESENTING APPROXIMATELY 6.9 MILLION COMMON SHARES ON AN AS-CONVERTED BASIS.AS PART OF AGREEMENT, CO WILL PAY BLACKSTONE A ONE-TIME ADDITIONAL PAYMENT OF $15.0 MILLION.WILL INCUR $15.5 MILLION OF NON-RECURRING CASH CHARGES ASSOCIATED WITH TRANSACTION.AS PART OF AGREEMENT, BLACKSTONE'S RIGHT TO NOMINATE FUTURE DIRECTORS WILL BE REDUCED FROM 2 TO 1.SEES 2019 REVENUES MID-SINGLE DIGIT INCREASE OVER 2018 REVENUES.TRANSACTION WILL BE FINANCED USING CASH ON HAND WITH BALANCE COMING FROM CO'S SENIOR REVOLVING CREDIT FACILITY.IN CONNECTION WITH TRANSACTION, CREDIT FACILITY WAS INCREASED TO $250 MILLION, WITH SIMILAR TERMS.ANTICIPATE THAT E-COMMERCE AND WHOLESALE GROWTH WILL MORE THAN OFFSET LOWER RETAIL REVENUES IN 2019.FY2018 REVENUE VIEW $1.07 BILLION -- REFINITIV IBES DATA.FY2019 REVENUE VIEW $1.13 BILLION -- REFINITIV IBES DATA.WILL REPURCHASE ABOUT 6.9 MILLION COMMON SHARES ON AN AS-CONVERTED BASIS, FOR $183.7 MILLION, OR $26.64 PER SHARE.BLACKSTONE WILL IMMEDIATELY CONVERT ITS REMAINING PREFERRED SHARES INTO ABOUT 6.9 MILLION SHARES OF CO'S COMMON STOCK.

Premier Asset Management Says FY AuM 6.9 Bln Stg Vs 6.1 Bln Stg

Thursday, 29 Nov 2018 02:00am EST

Nov 29 (Reuters) - Premier Asset Management Group PLC ::FY ASSETS UNDER MANAGEMENT £6.9 BILLION AS AT 30 SEPTEMBER 2018 VERSUS £6.1 BILLION.FY NET FLOWS OF £734 MILLION VERSUS £747 MILLION LAST YEAR.FY TOTAL DIVIDEND 10.25 PENCE.PREMIER ASSET MANAGEMENT - OVER COURSE OF YEAR, BUSINESS CONDITIONS CONTINUED TO BE CHALLENGING, WITH ECONOMIC, POLITICAL AND INVESTMENT UNCERTAINTY.PREMIER ASSET MANAGEMENT-BELIEVE UNCERTAINTY, INCLUDING CONCERNS OVER OUTCOME OF BREXIT NEGOTIATIONS, CREATED MORE VOLATILE AND DIFFICULT ENVIRONMENT.

Capman Q3 Operating Profit Down At EUR 4.8 Million

Thursday, 1 Nov 2018 02:30am EDT

Nov 1 (Reuters) - CapMan Oyj ::OBJECTIVE IS TO PAY AN ANNUALLY INCREASING DIVIDEND TO ITS SHAREHOLDERS.JAN-SEPT GROUP TURNOVER WAS MEUR 27.1 (MEUR 26.0 1 JANUARY -30 SEPTEMBER 2017).JAN-SEPT OPERATING PROFIT WAS MEUR 14.9 (MEUR 22.9)..Q3 GROUP TURNOVER EUR 7.2 MILLION VERSUS EUR 9.4 MILLION YEAR AGO.Q3 OPERATING PROFIT EUR 4.8 MILLION VERSUS EUR 5.1 MILLION YEAR AGO.EXPECTS FEES FROM SERVICES TO CONTINUE TO GROW AND HAVE AN IMPACT ON RESULTS FROM MANAGEMENT COMPANY AND SERVICE BUSINESS IN 2018.

Bellevue Group: Newly Formed Group Of Shareholders

Friday, 26 Oct 2018 01:04am EDT

Oct 26 (Reuters) - BELLEVUE GROUP AG ::NEWLY FORMED GROUP OF SHAREHOLDERS.GROUP IS REPRESENTED BY MARTIN BISANG AND CONTROLS 29.47 PERCENT OF VOTING RIGHTS.MARTIN BISANG, MANUELA AND JÜRG SCHÄPPI INFORMED BELLEVUE GROUP AG THEY NEWLY FORMED A GROUP.

Quilter Q3 Net Client Cash Flow Of 1.1 Bln Stg, Marginally Ahead Of Q2

Wednesday, 24 Oct 2018 02:39am EDT

Oct 24 (Reuters) - Quilter PLC ::QUILTER PLC - Q3 NET CLIENT CASH FLOW (NCCF) OF £1.1 BILLION, EXCLUDING QUILTER LIFE ASSURANCE, WAS MARGINALLY AHEAD OF Q2.QUILTER PLC - YEAR TO DATE NCCF OF £4.1 BILLION, REPRESENTS 5% OF OPENING ASSETS UNDER MANAGEMENT AND ADMINISTRATION (AUMA) ON AN ANNUALISED BASIS.QUILTER PLC - REMAIN CONFIDENT IN LONG TERM PROSPECTS FOR BUSINESS MODEL.

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