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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Infrastructure. This story has been updated to include information from an Oct. 14 Moody's rating. MIP exhibits deep telecommunications expertise and a strong track record of investing in capital intensive businesses, which will be critical as we deliver on our strategy to drive next generation, integrated communications through an expanded fiber network as well as our IT services platform. MPTs financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. Unitholders of the Company will receive merger consideration of $4.11 per unit in cash as . MKIF 2023 AGM: Overview of MKIF. 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. MONDRIAN INVESTMENT PARTNERS LIMITED Jan 2018 - May 2018 5 months. Call Us. It is the sole franchised gas utility provider in the state of Hawaii. "MIP V is meant to be a continuation of the strategy of the previous MIP vintages. Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, today announced the final close of Macquarie Infrastructure Partners IV (MIP IV) after reaching its $5 billion hard cap in December 2018. [5], On January 28, 2010, Macquarie Infrastructure Corporation announced that its airport parking business, Parking Corporation of America Airports (PCAA), had entered into an asset purchase agreement with Bainbridge ZKS - Corinthian Holdings, LLC. Email regional contact. Some recent deals include the $2.9 billion acquisition of telecoms firm Cincinnati Bell Inc CBB.N and the acquisition of Utah-based renewable energy company Cyrq Energy Inc for an undisclosed amount. Referrals increase your chances of interviewing at Renesas Electronics by 2x. This first of its kind partnership with one of the largest infrastructure investors globally confirms the quality of this hospital portfolio and demonstrates the strength of MPTs overall investment strategy and our ability to deliver value for our shareholders. 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. 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. "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. 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. Join to apply for the Product Technical Marketing for Broad Market role at Renesas Electronics. The Company offers financing, asset management, research, trading, and other financial services. About Macquarie Infrastructure Partners V. MIP is a fund managed by Macquarie Asset Management ("MAM"). 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. Make Updates Online. Our diverse team of experts share their latest thinking. MIRA is one of the world's leading alternative asset managers and a highly experienced investor in the communications infrastructure industry. 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. 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.. Further information can be found on this website or by contacting us. Email: Josh.Pichler@cinbell.com, Investors Cincinnati Bell: 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. Macquarie Capital Securities (Philippines) Inc. 17th and 18th Floor, Unit A, Centropolis, 26 Ujeongguk-ro, Jongno-gu, Seoul 03161, Korea. It is based on information generally available to the public and does not contain any material, nonpublic information. 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"). We are excited to enter into this partnership with MPT, said Karl Kuchel, Chief Executive Officer of Macquarie Infrastructure Partners. It stores and handles petroleum products, vegetable and tropical oils, renewable fuels, and various chemicals. Prior performance is not a reliable indicator of future results. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). It is based on information generally available to the public and does not contain any material, nonpublic information. 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. 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. 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. We offer our investors a track record of unbroken profitability. MIC or Macquarie has no control over the information on these sites or the products or services on them, and therefore makes no representations regarding the accuracy or suitability of the information, services, or products described on them. Get email updates for new Software Engineering Manager jobs in Helsinki, Uusimaa, Finland. Fiber is the Future. A previous Sept. 2018 report from Moody's Investors Service indicates . Engage with teams at Canonical, the open source community and partners; Work from home with . MIC expressly disclaims the adoption or endorsement of any content on any such website. About Energy Capital Partners . CINCINNATI--(BUSINESS WIRE)-- 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 Readers are cautioned that these forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause actual results to differ materially and adversely from those reflected in the forward-looking statements. 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. 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. Visit the Career Advice Hub to see tips on interviewing and resume writing. It is proprietary and all rights are reserved. The pursuit of strategic alternatives has generated proceeds of $52.50 or a 36% premium to the MIC equity price prior to our announcement of the pursuit of strategic alternatives. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Level 32, South Tower, 80 Collins Street, Macquarie Bank Limited Representative Office. Private Wealth Management Client Service Associate, Office Assistant (Facilities, Operations and HR), Nurse Practitioner or Physician Assistant - Oncology, Restaurant Manager - Boston Harbor City Cruises - The Odyssey, Field Engineer - Multifamily Construction, Customs Compliance (Free Trade Zone) Coordinator, See who Renesas Electronics has hired for this role, Florida Cancer Specialists & Research Institute, Express Employment Professionals - London, ON. 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. Your job seeking activity is only visible to you. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Energy Capital Partners is a private equity and credit investment firm with ~$19 billion in capital commitments. 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. Level 14, DLF Building 9B, DLF Phase III, Tower C Floors 3 and 4, Tower C, Phase III, Macquarie Infrastructure and Real Assets (Hong Kong) Limited, PT Macquarie Commodities Indonesia (previously Macquarie Commodities (Singapore) Private Limited - Indonesia Representative Office). [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. Tel: (513) 565-0310 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 . The Transaction follows the determination by Cincinnati Bell's Board of Directors, after consultation with its legal and financial advisors, that the MIP proposal constituted a "Superior Proposal" as defined in Cincinnati Bell's previously announced merger agreement with Brookfield. [2], MIC Hawaii (formerly Hawaii Gas) is a wholly owned subsidiary of Macquarie Infrastructure Corporation, founded in 1904. 2015 - Ceres and YTI operate under one single management group with Macquarie Infrastructure Partners (MIP) taking a partnership stake with NYK. . Monday, April 29, 2019. +1 (212) 231 1825 Macquarie's logo is a stylized version of Holey dollar coin. 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). It has been prepared solely for informational purposes; it is not a solicitation of any offer to buy or sell any security or instrument. The information on Cincinnati Bell's website is not incorporated by reference in this press release. You can unsubscribe from these emails at any time. Visit the Career Advice Hub to see tips on interviewing and resume writing. Australia and NewZealand Macquarie Infrastructure Partners is based in New York and is part of the Sidney, Australia-based Macquarie Groups. Open Date. 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). About Macquarie Infrastructure Partners MIP is an investment fund managed by Macquarie Infrastructure. Macquarie Capital Securities (Malaysia) Sdn. MIP is a fund managed by Macquarie Infrastructure and Real Assets ("MIRA"). Company profile page for Macquarie Infrastructure Partners Inc including stock price, company news, press releases, executives, board members, and contact information Cincinnati Bell Inc. To Be Acquired By Macquarie Infrastructure Partners In $2.9 Billion Transaction, http://www.prnewswire.com/news-releases/cincinnati-bell-inc-to-be-acquired-by-macquarie-infrastructure-partners-in-2-9-billion-transaction-301022940.html. 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. We create positive social impact by empowering people to innovate and invest for a better future. One of his achievements includes the establishment of Australia's first bank and introduction of its first domestic coinage in 1813, the Holey dollar. Macquarie Commodities Trading (Shanghai) Co., Ltd. Macquarie Capital (Singapore) Pte. Fund Category. 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. Contribute and meet Design-in & Revenue growth targets. Tunnel Hill Partners, the parent company of various operating subsidiaries, has as its investor a fund managed by a member of Macquarie Infrastructure and Real Assets (MIRA). Additional risks of which we are not currently aware could also cause MIC's actual results to differ. 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. Start Preamble. Work with System Solutions & Product Line Marketing teams to initiate the development of new Products and Solutions and to develop Broad Market Marcom strategies. 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. Cincinnati Bell and its directors, executive officers and other members of management and employees, under SEC rules, may be deemed to be "participants" in the solicitation of proxies from shareholders of Cincinnati Bell in favor of the proposed merger with MIRA. [10] Macquarie Infrastructure Group purchased 50 percent stake in 2006, and assumed full ownership in 2014.[11]. Certain of the statements in this communication contain forward-looking statements regarding future events and results that are subject to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.