Infrastructure funds targeting North American investments raised $53 billion last year. The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). Factors that could cause or contribute to such differences include, but are not limited to: (i) the risk that the proposed merger with MIRA may not be completed in a timely manner or at all; (ii) the failure to receive, on a timely basis or otherwise, the required approval of the proposed merger with MIRA by Cincinnati Bell's shareholders; (iii) the possibility that competing offers or acquisition proposals for Cincinnati Bell will be made; (iv) the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger, including in circumstances which would require Cincinnati Bell to pay a termination fee or other expenses; (vi) the effect of the announcement or pendency of the merger on Cincinnati Bell's ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; (vii) risks related to diverting management's attention from Cincinnati Bell's ongoing business operations; (viii) the risk that shareholder litigation in connection with the merger may result in significant costs of defense, indemnification and liability and (ix) (A) those discussed in Cincinnati Bell's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and, in particular, the risks discussed under the caption "Risk Factors" in Item 1A, and (B) those discussed in other documents Cincinnati Bell filed with the SEC. 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. 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. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity. 2018 - Texas Stevedoring was formed and begins operations in Houston, Texas. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. 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. MIC's actual results, performance, prospects or opportunities could differ materially from those expressed in or implied by the forward-looking statements. 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. investorrelations@altafiber.com. T: +1 212 231 1310 The Transaction price of $15.50 per share of Cincinnati Bell common stock represents a 101% premium to the closing per share price of $7.72 on December 20, 2019, the last trading day prior to the date when Cincinnati Bell's original merger agreement with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) ("Brookfield") was executed, a 172% premium to the 60-day volume weighted average price up to and including December 20, 2019 and a 7% premium to Brookfield's prior binding agreement to acquire the Company. The MIP funds now span 18 years and multiple economic cycles - we really think this is our sweet spot, focusing on similar risk-profile assets and sectors," Macquarie Infrastructure Partners Chief Executive Karl Kuchel said in an interview. Fiber is the Future. By providing your email address below, you are providing consent to Cincinnati Bell Inc to send you the requested Investor Email Alert updates. About Energy Capital Partners . Our diverse team of experts share their latest thinking. Chibuike Oguh for Copy and paste multiple symbols separated by spaces. Macquaries purchase of these assets is a vote of confidence in Stewards operational experience and its track record of delivering value for its stakeholders, employees, patients, communities, and partners over the long term.. Macquarie Asset Management provides specialist investment solutions to clients across a range of capabilities including infrastructure and renewables, real estate, agriculture, transportation . Participate in and prepare for QBRs with internal and external distributor teams to review results and identify gaps and areas of improvement. The recently closed deal, done through the Macquarie Infrastructure Partners V fund, marks the exit of prior investors including Goldman Sachs Private Capital Investing, Maple Partners and Ironwood Capital, as well as others that gained smaller stakes in LRS when their businesses were acquired. +1 (866) 867 6422. By clicking Agree & Join, you agree to the LinkedIn. As of March 31, 2021, the MAM business had $US427 billion of assets under management. MONDRIAN INVESTMENT PARTNERS LIMITED Jan 2018 - May 2018 5 months. 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. 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"). All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. The company provides synthetic natural gas, and propane, and is working on providing Liquid Natural Gas (LNG) to 70,000 customers in Hawaii. Macquarie Infrastructure Partners - info.hawaiiantel.com "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. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. While a new recession may strike a particular industry, measuring . MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). It is proprietary and all rights are reserved. Energy Capital Partners is a private equity and credit investment firm with ~$19 billion in capital commitments. Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. At Cincinnati Bell Inc, we promise to treat your data with respect and will not share your information with any third party. MIP is an investment fund managed by Macquarie Infrastructure and Real Assets (MIRA). Cincinnati Bell provides service in areas of Ohio, Kentucky, Indiana and Hawaii. 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. Macquarie seeks to raise $10b for Americas infrastructure fund 2019 - Macquarie acquires 100% of Ceres from NYK, making Ceres part of one of the Worlds largest port infrastructure groups. No results message:Displayed when filters returns no results. The company is headquartered in New York City. These links have been provided solely for you to obtain further information about other relevant products and entities in the market. Waste Dive has confirmed the deal through multiple sources and filings. For more information, please visit www.cincinnatibell.com. Tel: (513) 397-2292 Terms were based on LRS having an estimated $290 . The investment in Cincinnati Bell represents an exciting addition to our portfolio of fiber and communications infrastructure assets, both in the United States and globally.". 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. In connection with the closing of the Transaction, effective today, trading of Cincinnati Bells common shares has been suspended on the New York Stock Exchange (the NYSE) and Cincinnati Bell has requested that its common shares be delisted from the NYSE.
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